Lifeboat Foundation

The EOS blockchain is set to launch after a live-streamed vote among “Block Producers” yesterday unanimously voted “GO”.

ASUS is moving further into the cryptocurrency hardware market with a motherboard that can support up to 20 graphics cards, which are typically used for mining. The H370 Mining Master uses PCIe-over-USB ports for what ASUS says is sturdier, simpler connectivity than other mining-focused motherboards.

You can manage each port and graphics card with on-board diagnostics. One feature scans your system when you boot up to determine the status of each port, while there are onboard LEDs that signify a problem with components such as memory or the processor (there’s space for an Intel 8th-gen Core CPU). ASUS has added some other features to optimize mining as well.

The H370 Mining Master follows last year’s B250 Mining Expert, which had room for 19 CPUs via PCIe ports. ASUS says that board had far more sales than it expected, which prompted the company to keep traveling down the crypto road and evolve its mining-tailored motherboards. The latest board will ship later this year, though ASUS has yet to announce pricing. You might need to fork over several Ethereum coins to buy enough graphics cards for all those spaces, though.

Continue reading “ASUS’ latest crypto-mining motherboard can handle 20 GPUs” »

Other than the United States, 5 U.S. territories and 12 sovereign nations use the US dollar as their legal currency. (Note that Micronesia covers six sovereign countries).

Additionally, I have traveled to island nations and some countries in Asia and Pacific that peg their currency to the US dollar. In these regions, citizens accept US dollars interchangeably with their own national currency, and their governments don’t seem to discourage or prosecute such transactions.

What gives value to paper?

Continue reading “What Countries use US Dollar and Why?” »

The Marshall Islands made its own cryptocurrency, doing away with the US dollar. The government has signed the change into law, making the “sovereign” its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.

The bill was signed into effect on March 1st, but the news is making waves again this week. The Marshall Islands’ population is 53,066, so the change doesn’t affect many, but it is significant for citizens of the islands because banks and credit card companies will need to begin accepting it. With the recent change, US dollars are still likely to be accepted on the Marshall Islands — the sovereign will just be considered the nation’s official legal tender.

In February, top officials from the Marshall Islands confirmed that the Pacific republic would issue its own cryptocurrency to be circulated as legal tender. The digital coin also received approval from the country’s parliament. “As a country, we reserve the right to issue a currency in whatever form it is, whether in digital or fiat form,” said David Paul, minister-in-assistance to the president of the Marshall Islands, to Reuters at the time.

Continue reading “The Marshall Islands replaces the US dollar with its own cryptocurrency” »

Nathalie Mezza-Garcia is a political scientist turned “seavangelesse” — her term for an evangelist in favor of living off the grid — and on the ocean.

Mezza-Garcia spoke with CNBC’s Matthew Taylor about what she sees as the trouble with governments, and why she believes tech startups should head to Tahiti.

This seavangelesse is a researcher for the Blue Frontiers and Seasteading Institute’s highly-anticipated Floating Island Project.

Continue reading “A floating Pacific island is in the works with its own government, cryptocurrency and 300 houses” »

Please don’t pay any attention to this posting. It is not for you… *

This graph presents indisputable fact: It compares US dollar growth as reported by the US government and Bitcoin growth (for all time), extrapolated by pure math.

I wish that this would put to bed the fake news, conspiracy theories, and “nothing backs it” nonsense. Unfortunately, seismic shifts in architecture or process take time for society to understand and accept. Early adopters will be the fortunate buckos. Timid or clueless denizens will complain bitterly about the unfair advantage of those who wise up before it hits a 6 figure exchange rate. Eventually, comparisons with legacy currencies will be utterly meaningless. It will become the currency. It will be the gold-pressed latinum of universal recognition and intrinsic value.

15 years from now, some will look back on our era and claim that the Winkelvoss twins were lucky. Risk, patience and an understanding of economics is not ‘luck’. They have the gift of prescience.

Continue reading “The USD is Tulip Mania—BTC is not” »

One of bitcoin’s biggest bulls has inked a deal with an unlikely partner to create a cryptocurrency price index.

Billionaire Mike Novogratz and Bloomberg LP on Wednesday announced that they are teaming up to launch the Bloomberg Galaxy Crypto Index (BGCI), which will track the aggregate performance of a basket of large-cap cryptocurrencies.

“Today’s launch of the Bloomberg Galaxy Crypto Index reflects our clients’ growing interest in cryptocurrencies,” said Alan Campbell, Global Product Manager for Bloomberg Indices. “The index brings our rigorous approach to index construction to cryptos and will provide investors with a transparent benchmark to gauge the performance of the broader market.”

Continue reading “Bloomberg & Billionaire Bull Novogratz Launch Cryptocurrency Price Index” »

A hilarious but accurate (!) introduction to bitcoin and cryptocurrencyby the British comedian John Oliver.

Digital currencies are generating a lot of excitement. John Oliver enlists Keegan-Michael Key to get potential investors equally excited about the concept of caution.

Continue reading “Last Week Tonight with John Oliver (HBO)” »

Nader Al-Naji started mining bitcoin in his Princeton dorm in 2013. Now, he’s working on a stable cryptocurrency that be believes could actually replace money.