I don’t often write 2 posts on the same topic in a week, but one of my Facebook friends, Victor J Lugo, just made this post, which set me to thinking:
You’ve probably read that the cryptocurrency has hit a new 45 high, with its value reaching as much as $1,286. But does it matter, or does it only serve to highlight some of the shortcomings of the currency.
Advocates of Blockchain may point out that the increase in value means that the collective worth of the currency totals as much as $16 billion. If that sounds like a lot, it’s not.
As the Financial Times pointed out at the beginning of this year: [Read more…]
Joseph Muscat, Prime Minister of Malta, has revealed his Cabinet has approved the first draft of a national strategy to promote blockchain, the technology underlying the Bitcoin cryptocurrency.
Addressing a conference organised by the Financial Affairs parliamentary committee, Muscat said that Malta will become one of the first countries in the world to embrace blockchain and that the strategy will soon be put up for public consultation.
“This is not just about Bitcoin, and I also look forward to seeing blockchain technology implemented in the Lands Registry and the national health registries. Malta can be a global trail-blazer in this regard.”
This article first appeared 3/04/2013 on Consult Hyperion, and is republished here under Creative Commons Attribution-ShareAlike 3.0 Unported License.
I’m very curious about media interest in Bitcoin, which seems to have accelerated in the last couple of weeks. Last week, for example, I found myself being interviewed for the BBC’s current affairs flagship “Newsnight”. A couple of days later, this package appeared on the BBC News site. Here it is, in fact. [Read more…]