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Thursday, March 1, 2018

BitcoinTV: by Cryptocurrency Market on YouTube

Inversión En Criptomonedas #11 - 5 Razones Por Qué Bitcoin y Criptomonedas Están Subiendo - Tai Zen
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New “Sovereign” Cryptocurrency Will Be Legal Tender in the Marshall Islands

New “Sovereign” Cryptocurrency Will Be Legal Tender in the Marshall Islands

The Republic of the Marshall Islands (RMI), an island country located near the equator in the Pacific Ocean with a population of about 50,000, is poised to become the first sovereign nation to issue a cryptocurrency that will be legal tender.

The new currency is called “Sovereign” with the symbol “SOV.” The SOV, which will be distributed to the public via an Initial Currency Offering (ICO), will circulate as legal tender in the country, alongside its current local currency, the U.S. dollar.

Y-combinator Israeli fintech startup Neema is partnering with RMI to issue the SOV, starting with a presale that will be followed by an ICO later this year.

"SOV is a big deal because, until now, all cryptos were in regulatory limbo,” Barak Ben-Ezer, co-founder of Neema, told Bitcoin Magazine. “None of them was considered ‘real’ money by the IRS, SEC, etc. Accordingly, the IRS taxed them with capital gain tax, and the SEC wants to regulate all ICOs as issuance of securities. The IRS explained in 2014 why it’s not considered real money: because it’s not the legal tender of a sovereign nation.”

The solution for Neema was to find a country to partner with to create a cryptocurrency which would become the legal tender of a sovereign nation. “So SOV has the benefits of cryptocurrency and the legal and regulatory framework that covers sovereign currencies. You can use it without worrying about capital gains and even the ICO may be like selling any currency — Euro, Yen, etc.," said Ben-Ezer.

SOV is based on a permissioned protocol, dubbed “‘Yokwe” (meaning “hello” in the local language), which requires blockchain users to authenticate. According to the SOV promoters, this “solves the anonymity problem that plagued bitcoin and precluded its mainstream adoption.”

The official statement notes that there’s a huge market need for a non-anonymous blockchain system that can operate within a regulated environment. The SOV wants to be part of a broader E-conomy vision to create a society that uses blockchain technology intensively, with a cryptocurrency and biometric IDs securely recorded on the blockchain.

“SOV is the promising starting point for the adoption of cryptocurrencies by sovereign nations,” said Peter Dittus, former secretary general of the Bank of International Settlements and Neema’s senior economic advisor. “The Yokwe protocol provides a promising balance between transparency and privacy and we’re excited to develop it further. It’s state of the art technology, put to good use, with the right values in mind and a clear purpose.”

“This is a historic moment for our people, finally issuing and using our own currency, alongside the USD,” said RMI President Hilda C. Heine. “It is another step of manifesting our national liberty. Allocating SOV units directly to the citizens will circulate the currency and distribute wealth efficiently to our people. In addition, The RMI will invest the revenues to support its climate change efforts, green energy, healthcare for those still affected by the U.S. nuclear tests and education.”

“The Marshall Islands is the first nation to adopt a transparent crypto monetary system, and we are proud of it,” added David Paul, Minister-in-Assistance to the President and Environment Minister of the RMI. “We are excited to be the world’s first nation to leapfrog into the era of digital currencies. 10 percent of our proceeds from the ICO will be directed toward a Green Climate Fund.” Paul added that he is especially proud of SOV since it is based on the Yokwe blockchain framework that has all the benefits of Bitcoin minus the anonymity.

Earlier in 2018, the Maduro government in Venezuela launched a cryptocurrency dubbed Petro, claiming that it was the world's first sovereign cryptocurrency. The SOV statement notes that, contrary to the Petro, the SOV will be legal tender of the country, as defined in a bill passed by the parliament. Furthermore, the RMI is a close ally of the U.S., whereas Venezuela is under embargo. SOV will be a decentralized cryptocurrency with a price that is uniquely determined by the market, whereas the Petro, initially pegged to the price of oil, can be manipulated at will by the Venezuelan government.

The RMI is a tiny island nation, but it is a sovereign nation and a member of the UN. Therefore, if the RMI will eventually deploy a cryptocurrency that is also legal tender, the impact could be huge.

This article originally appeared on Bitcoin Magazine.



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BitcoinTV: by Cryptocurrency Market on YouTube

Inversión En Criptomonedas #11 - 5 Razones Por Qué Bitcoin y Criptomonedas Están Subiendo - Tai Zen
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BitcoinTV: by BTC Sessions on YouTube

"Satoshi" sued for 10 Billion, Goldman-backed Circle acquires Poloniex
Chatting current events in the crypto space with Kenn Bosak! Satoshi lawsuit analysis: http://ift.tt/2FI5V7y Circle/Poloniex: http://ift.tt/2FcyvQr


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BitcoinTV: by BitcoinMeister on YouTube

The 1 Bitcoin Show- Great Bprivate momentum! Talk BTCP up to 5%! Israel, Marshall Islands
Bittrex came through with 8 hours to spare & the Bprivate project got the positive momentum it needed! It was a legendary day in Bitcoin crypto-dividend history. The story is far from over and if you want Bprivate to eclipse Bgold in price then you will have to be proactive and be in motion! I will go over all of the latest Bprivate news and action items. All BTC holders should care about this situation. Of course Zclassic dumped and it does not matter! Aim for 5%! Last minute Bittrex news that saved the day- http://ift.tt/2FCNXmO Israel- https://twitter.com/APompliano/status/968593306866409479 Ghetto Nerd Album- https://twitter.com/theghetto_nerd/status/969042955968401409 Marshall Islands- http://ift.tt/2FdQZjs My 12-26 Bprivate show! https://www.youtube.com/watch?v=MJ-TtMmfiUU Tickets to the April 17th Los Angeles event- http://ift.tt/2BYiBrG March 7th in Joburg Tix- http://ift.tt/2Bk5qjN Tickets to Boulder event- http://ift.tt/2CR0lwk Tuesday's show- https://www.youtube.com/watch?v=PXApgS84XiM Monday's show- https://www.youtube.com/watch?v=XylPtADrj2c Sunday's show- https://www.youtube.com/watch?v=CmwfjhZ2HJI Saturday's show- https://www.youtube.com/watch?v=Kcfd84AZOnQ This week in Bitcoin- https://www.youtube.com/watch?v=NfzWbJaTR64 Friday's show- https://www.youtube.com/watch?v=n47Yb-NYJsU Thursday's Petro Show- https://www.youtube.com/watch?v=UKXC-9w9zQE WCN Podcast- http://ift.tt/2nXTVHm Bitcoin people you need to know- https://www.youtube.com/watch?v=YuWlWnJqHn4 Birth of the Crypto-dividend- https://www.youtube.com/watch?v=rg86clOEd3A Email the Disrupt Meister intern- clark@disruptmeister.com & tell us why you want to be an intern! -------------------------------------------------------------------------------------- CryptoHWwallet affiliate link- http://ift.tt/2pynGy4 "MeisterFreeHW1Over200" This is the coupon that is for people who spends over $200 (exclude shipping) to get a free H.W1. Ledger hardware wallet. Limit 10 pcs only coupon use at first, first come first serve basis only. 1 per customer for up to 10 uses. BUY Cryptograffiti shirts here and use the "Meister" discount code to get 10% off anything in the store! http://ift.tt/2wQKAm7 UPVOTE THIS- http://ift.tt/2CSFtFe Buy your Bitcoin Trezor storage device here: http://ift.tt/2l8wT08 Buy Bitcoin at Coinbase here: http://ift.tt/2frK5re CryptoHWwallet affiliate link- http://ift.tt/2pynGy4 Adam's Twitter- https://twitter.com/TechBalt Adam's Minds- http://ift.tt/2r6vSJk Support the cause if you like what I have to say: BTC: 3HZngc6ASzt3deDm582u8xJRFAwmz7YTwG ETC: 0xb28CD007E0495b34BA6030859030322b7bE8422B Monero: 49broKTMLfFBZtzFFWptyqbuTF4rm7Pp6HZj4ReRuKQf3Z6uFjCbWgs6n4ymX5aYTsczoELGd3vYSD4XUQrjvy3S5qTsN3s LTC: LQm55H4oUCoVPiBd25A4v2jHXLtC9oo9Jg ETH: 0x0feb7bCd89C4Ea0c14FC7D94b9afBDE993034AD5 DASH: Xjcpo8Lh6NKQoV3F12pGpXUiK4XRoQyudN Decred: Dsoq2ZPcqQDj5TSBLMAFX2SxCMHaYFnDty4 BGold: AN6p1tD2KwRKvhiinprN9wCqGe4KUqPsY5 My latest Steemit post: My Steemit page: http://ift.tt/2eAQkeJ https://www.youtube.com/c/BitcoinMeister http://ift.tt/2fIBPWR Value of every cryptocurrency- http://ift.tt/2k3W6aj Watch more of my Bitcoin videos here: https://www.youtube.com/playlist?list=PLLgyAakZPtCVQKl6naVHUfOiICFG8BYMp Adam Meister is available for an hour long Bitcoin/cryptocurrency consultation where he can walk you through the Trezor installation process and help you move your Bitcoins to the Trezor. He will answer all your questions in that hour. Trezor is just one Bitcoin topic that Adam can help you with, you can ask his advice on anything cryptocurrency related. From marketing and promotion to Altcoins to storage and the buy and hold philosophy. Adam's hourly rate is 0.11 Bitcoin. Feel free to email: Adam AT TrezorHelp DOT com to set up a Skype/phone consultation or to arrange an in person appearance or speaking engagement. Adam is available to speak at conferences around the world. Follow Adam on Twitter here: https://twitter.com/TechBalt Buy your Bitcoin Trezor storage device here: http://ift.tt/2zPV8aW


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BitcoinTV by KRBECrypto on YouTube


#bitcoinmovement.....New video by KRBECrypto: The Gentlemen of Crypto EP. 113 - Bank of America & JP Morgan Scared, Berkley ICO, Bill Gates https://youtu.be/nxiTNqD0l6s

BitcoinTV: by Crypt0 on YouTube

Banks Begin To See Threat Of Crypto / Bill Gates' New Crypto Distaste / ZCL Stumbles On Fork / More!
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BitcoinTV: by Crypt0 on YouTube

Dinner With Sandy & Jeremy of "The Awareness Revolution" - Anarchapulco 2018
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Porsche and XAIN Testing IoT, AI, Blockchain Technology Solutions for Smart Cars

Porsche and XAIN Testing IoT, AI, Blockchain Technology Solutions for Smart Cars

Porsche is currently testing in-car blockchain applications. The company announced that it will be the the first major carmaker to implement and successfully test blockchain technology in a car.

“We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a third party, such as a parcel delivery agent, temporary access to the vehicle,” said Oliver Döring, Financial Strategist at Porsche. “We translate the innovative technology into direct benefits for the customer.”

At a visionary technology conference in 2001, legendary cryptographer Nick Szabo used the same examples to illustrate the concept of smart contracts that solved the problem of trust by being self-executing and having property embedded with information about who owns it. For example, Szabo noted, the key to a car might operate only if the car has been paid for according to the terms of a contract.

According to the company, the applications successfully tested include locking and unlocking the vehicle via an app and authorizing temporary access.

“[The] technology makes it possible to assign temporary access authorizations for the vehicle — in a secure and efficient manner,” notes the Porsche press release echoing Szabo’s prophetic words. “A protected connection to vehicle data and functionalities can be established using blockchain. At the same time, it protects all communication between participants.”

According to Porsche, the car “becomes part of the blockchain.” Access authorizations can be distributed digitally and securely and can be monitored by the vehicle owner at any time.

Data gathered by cars, including data useful for navigation, can be encrypted locally in a distributed blockchain; access to that data can then be sold to integrators and other drivers. This data aggregation can provide autonomous self-driving cars with “swarm data” gathered by other vehicles and analyzed with Artificial Intelligence (AI) techniques such as machine learning. Gathering and selling swarm data, which would likely include real-time road and traffic conditions, could be a viable business model in and of itself.

Besides mentioning smart contracts and machine learning, Porsche did not release information on its blockchain and AI technology stacks. However, the company statement reveals that the auto manufacturer is working in partnership with Berlin-based XAIN, a developer of solutions based on blockchain, AI and Internet of Things (IoT) technologies, with a particular focus on intelligent industrial applications.

XAIN started as a research project at the University of Oxford to boost blockchain technology applications through AI. In June 2017, XAIN AG won the first Porsche Innovation Contest, finishing ahead of more than 120 other startups.The company’s technology stack is based on the Ethereum blockchain and reinforcement learning, a modern family of machine-learning methods. A XAIN yellow paper provides detailed information on XAIN’s technology stack and solutions.

The acronym XAIN stands for “eXpandable AI Network,” defined as a blockchain-based, open or permissioned system with a focus on small, low-energy IoT devices that can be embedded in, for example, cars.

“[We] focus on developing artificial intelligence systems that are directly applied on local data in a distributed system,” notes a XAIN post. “One of our scenarios hereby is, e.g., autonomous driving, which we developed together with the University of Oxford and Porsche as a leading German carmaker.”

XAIN wants to leverage distributed machine learning to train self-driving cars on the basis of local data, enriched by synthetic and general data, such as weather conditions. This can improve autonomous driving in regions like Europe and Asia, which are not sufficiently covered by global solutions trained in Silicon Valley.

“[For] our distributed intelligent systems, we actually require a dynamic, adaptable and energy-efficient infrastructure for organizations and any kind of device to purposefully work together in an equally-distributed, privacy-preserving and secure network,” concludes the XAIN post, stating that appropriately configured blockchain technology can play a part in viable technological solutions to this challenge.

Porsche image attribution: By Brian Snelson from Hockley, Essex, England - Flickr, CC BY 2.0



This article originally appeared on Bitcoin Magazine.



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