Strategic Futurists; Value Systems Specialists

Events

The Basics of BitCoin and Digital Currencies

Wednesday 30 August 2017

Blockchains and Bitcoins? There's some great benefits among all the hype and yes there are risks. Perhaps the single most underrated element of the promise is the inability for any one or a handful of players to manipulate or 'game' the system. The keys to note are:

a) No one person or entity controls the system. Rather the 'block' represents a small chunk of the picture. When those small chunks are connected up, you get a 'chain'.
    aa) In fact there's versions emerging where a single entity DOES control the system and they are digital currencies I'd avoid like the plague!


b) 'Bit coins' are simply digital versions of real coins
    bb) You already spend money 'digitally' via a credit card. The digitial coin currency version is pretty much the same


c) Because no one entity controls the system, and because the system has lots of little chunks that must fit together PERFECTLY like a Jigsaw puzzle, if someone tries to manipulate or cheat the system, the jigsaw will NOT fit together and it alerts people that something is wrong. Transactions get rejected
    cc) This means INSTANT responses to scams or activity that is unusual. This is the EXACT OPPOSITE to what can happen on the sharemarket or LIBOR interest rates set by a handful of banks

And the article 'Bitcoin explained in a way a 5 Year Old can Understand' holds - pretty good way of explaining it


See more events...

Keep informed - Sign up

Look ahead for your business - sign up for your exclusive updates.
name

email address

Events

Fixing the O-Bike Disaster
Wednesday 27 September 2017
And trust me, it really is one. The O-Bike is another example of Theft of the Commons. And it needs to stop. Now!
Read more...
The Basics of BitCoin and Digital Currencies
Wednesday 30 August 2017
Blockchains and Bitcoins? There's some great benefits among all the hype and yes there are risks. Perhaps the single most underrated element of the promise is the inability for any one or a handful of players to manipulate or 'game' the system. The keys to note are:
Read more...
The Increased Reach of Private Equity
Friday 25 August 2017
Was lucky enough to have joined some invitees at Grant Thornton's Private Equity conference. Three well run days with good speakers looking at aspects of potential for engagement in specific companies and areas (themes). As investment vehicles in various Industry sectors, PE is a clear Futures Focused area of endeavour.
Read more...