23Mar 2018 by richard@baronsoftware.com

Twitter CEO: Bitcoin will be the world’s ‘single currency’ in 10 years

Software Events
Twitter CEO: Bitcoin will be the world’s ‘single currency’ in 10 years Twitter and Square CEO Jack Dorsey apparently has big visions for bitcoin that he believes that the cryptocurrency will become the world’s single currency within 10 years. “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.” Dorsey went on to say that the transition would happen “probably over ten years, but it could go faster,” which seems like an extremely unrealistic projection, even considering cryptocurrency’s meteoric rise in popularity over the past few months. Dorsey is also the CEO of Square, which recently added the option to buy and sell Bitcoin directly from the Square Cash app. Maybe Mr. Dorsey should know that On Tuesday, a 15-year-old from…
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20Mar 2018 by richard@baronsoftware.com

Can you trust Blockchain for your company ?

Software Events
Can you trust Blockchain for your company ? Blockchain has grown so fast in the recent year that sometimes your head will spin on what it can do and what it cannot do. Companies must be extremely careful with various consultants or gurus who indicate that using Blockchain technology will be the end all.   Consultants are cropping up with impressive frequency in even the most unlikely startup pitches and while blockchain technology does have genuinely interesting and potentially powerful use cases, it has enormous drawbacks for consumer applications that get little mention in media coverage. As it stands, blockchain is caught between three competing objectives: fast, low-cost, and decentralized. It is not yet possible to make one chain that achieves all three. Fast and decentralized chains will incur a high…
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11Mar 2018 by richard@baronsoftware.com

Ethereum’s smart contracts are full of holes

Software Events
Ethereum’s smart contracts are full of holes Computer programs that run on blockchains are shaking up the financial system. But much of the hype around what are called smart contracts is just that. It’s a brand-new field. Technologists are just beginning to figure out how to design them so they can be relied on not to lose people’s money, and—as a new survey of Ethereum smart contracts illustrates—security researchers are only now coming to terms with what a smart-contract vulnerability even looks like. Digital vending machines: The term “smart contract” comes from digital currency pioneer Nick Szabo, who coined it more than 20 years ago. The basic idea, he wrote, is that “many kinds of contractual clauses (such as collateral, bonding, delineation of property rights, etc.) can be embedded in the hardware and…
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06Mar 2018 by richard@baronsoftware.com

Bitcoin creator slapped with $10 billion lawsuit

News Items
Bitcoin creator slapped with $10 billion lawsuit Craig Wright, the Australian who has previously claimed to be Bitcoin creator Satoshi Nakamoto, is the subject of a multi billion dollar lawsuit. Wright is being sued by the estate of David Kleiman, who was thought to have co-created the cryptocurrency with the Australian. Kleiman passed away in 2013, but Kleiman's brother Ira claims that Wright somehow appropriated his former partner's bitcoin hoard. According to Motherboard, either Wright and Kleiman were involved in the creation of Bitcoin, or were there moments after the platform was created. Consequently, they apparently had access to mining tools at its earliest time, enabling them to rack up a small fortune in cryptocurrency. The pair are thought to have controlled anything up to 1.1 million BTC, although it's clear that nobody…
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27Feb 2018 by richard@baronsoftware.com

Bitcoin is still the wild west and 2017 proves that!

Software Events
Bitcoin is still the wild west and 2017 proves that! Bitcoin seems to be the talk at the moment with the prices soaring higher than ever but 2017 proves that when you invest into something where you really do not understand how it works or whom works for it just shows the risk you are taking.  Bitcoin had numerous companies jumping in during 2017 with the hopes of striking a gold mine.  The initial offerings to the public seemed to be a long shot due to the fact you would hand over funds and needed to wait days before getting something back into your wallet. Following on Bitcoin.com there was a study done where a huge 46 percent of the virtual currencies have already failed.   Out of the 902 vendors…
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