it can take up to three days—T3—for stock trades to change hands via clearing houses such as the National Securities Clearing Corporation (NSCC). It’s a process known as ‘settlement lag.’ Every hour before settlement happens, when a trade precariously hangs between sale and purchase, increases the risk that the trade won’t go through. Obviously, it’s in the banks’ interest to close that lag time as much as possible. And that is why most major players in the financial industry are busy investing significant resources into blockchain solutions. They have to embrace this new paradigm to ensure it works for, not against, them. More than forty banks have a stake in a consortium called R3CEV to come up with shared standards for blockchains. From Buterin to Hearn, it seems that everyone, however different their motives, is in a race to create something like the original Satoshi blockchain, only better. For many, it’s the biggest game in town. What’s not in doubt is that, as the cost of trust plummets because of new technology, the third parties currently paid to facilitate our trust—be they agents, referees, watchdogs or custodians—will increasingly have to prove their value if they don’t want to be supplanted by an ‘immutable’ ledger.
AWESOME DAY: Homeless Bitcoiners from Wired Article No Longer Homeless
Hey everyone, Just wanted to give you guys a really great update. Jesse, Chris, and Paul the three homeless guys using bitcoin in downtown Pensacola, featured in wired... http://www.wired.com/wiredenterprise/2013/09/bitcoin-homeless/ as of today are NO LONGER HOMELESS. Thank you to this community. The moral support shown after this article was awesome. The guys really hustled, did odd jobs and scoured the area for a place they could afford. And as of today, they have signed a lease. I am very proud of them. It is really hard to pick yourself back up. The support of this community helped with that. Undeniably. Also, Jesse is getting back into computer repair and network design and installation. He's really pumped to be getting back into doing something he loves. Thanks everyone. You are awesome. Jason King Sean's Outpost
Is Wired magazine and other media outlets using the cache of Bitcoin to sell magazines and media? March edition mentions Bitcoin on FRONT cover in relation to Mike Judge... But the article doesn't mention it once.
“Bitcoin has a fixed supply, it's very much like gold, but actually, we believe it's gold 2.0 and it provides an opportunity to hedge itself against oncoming inflation,” he explains. The WIRED Guide to Bitcoin The cryptocurrency represents amazing technological advances. Bitcoin has a way to go before it's a a true replacement for, or even adjunct to, the global financial system. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. WIRED has been reporting on digital currency Bitcoin for several years, but in the past few months, a single bitcoin's trading value has swung significantly making it a regular fixture in headlines. Wired follows the story of Bitcoin, the virtual currency you can actually spend—if it doesn't get stolen first.
Brock Pierce: Bitcoin might fail but the blockchain is here to stay - Full WIRED Retail talk Subscribe to WIRED http://po.st/SubscribeWired Bitcoin could ... Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuatio... Comment posting is Off. Send feedback to [email protected] // Guest: Benjamin Wallace, writer speaks about his recent article, published in Wired magazine - The Rise and Fall of Bitcoin http ... If you have been in search of an honest review of Bitcoin Ascension and you are interested in becoming an affiliate, I will show you how I find leads on the internet for Bitcoin Ascension and all ... Here's a free 3d animated wired icosphere bitcoin marketing video you can download and use for your own bitcoin marketing or other crypto storytelling purpos...