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Owning one full bitcoin is becoming a recognized attainment goal. And thereby hangs a tale.

Is it just a numbers game? Isn’t the unit a bit arbitrary and meaningless?…

The logistics and the math are compelling. I recognized the importance of reaching this personal milestone more than 8 years ago. But I was a nobody. No one cared. Then, in April 2019, we started to see articles in legitimate venues about this concept—and articulated in exactly this way. I borrowed the title of this post from this article in Medium.

Who Says So?

In the Before Time, the drum beat came from me, Charlie Shrem and Andreas Antonopoulos. In the Middle Age, Tim Draper, Craig Wright and the Winklevoss twins contributed to the siren call. But in the Modern Era (the past few days), it has become a mainstream mantra. Coinbase CEO, Brian Armstrong, added his voice to the idea that owning one full Bitcoin is not just an exercise in numerology.

“For better or worse, I do think owning one whole Bitcoin will increasingly become a big deal. Only 21M will ever be produced. Some people already own much more than one.”

—Brian Armstrong, Aug 25 2019

“If you own 1 BTC, you are mathematically guaranteed to be top 3/1000 richest in the world, in BTC terms. (21m / 7B).”

—Changpeng Zhao, Aug 25 2019

“If you own 0.28 BTC and HODL, you can be certain no more than 1% of the current world’s population can EVER own more BTC than you. A modest investment of $1,830 today can ensure you are a 1%er in a future Bitcoin world.”

—Steve Lee, Aug 25

In a March editorial, Xapo CEO, Wences Casares advised investment fund managers: “Most portfolios should allocate up to 1% to Bitcoin”. He also said:

“If Bitcoin succeeds, 1 Bitcoin may be worth more than $1 million in 7 to 10 years.”

— Wences Casares, CEO of Xapo; PayPal Board of Directors

Despite getting religion early on, I have mixed feelings about this. The investor mindset— HODL, flipping and converting to Fiat—is the biggest threat to adoption, ubiquity, fluidity and utility. Currently, 98% of all transactions are driven by people buying or selling bitcoin, rather than using bitcoin to buy lettuce, a new SUV or a family vacation. That’s the problem. Bitcoin will fail to gain mainstream appeal and adoption until the fraction of transactions driven by purchase & sale, salary, debt payment, real-estate and buying groceries dwarfs the fraction driven by traders or conversion into and from Fiat.

Yet, it is impossible to resist the lure of a deflationary commodity during the early adoption era. The supply cap and adoption math clearly points to a rising unit value. What is the point in having the capacity and foresight to recognize a new technology or a radically transformative paradigm if you cannot treat it as an investment asset, while waiting for adoption?

I don’t know how we will push through the chicken-and-egg problem of volatility–utility–adoption–ubiquity. But I am confident that Bitcoin will ultimately reign supreme—not just as a payment instrument—but as a store of value and a leading international currency.

For now, this opinion is still in the minority. Otherwise a commodity with only 18 million units in circulation would have a far higher value than the current exchange rate. It is from this certainty and disparity that opportunity arises.

For those that don’t quite get Bitcoin, owning one full bitcoin seems like an arbitrary goal to achieve. After all, it is a useless token that can be imitated by other—better—cryptos. To these folks, Bitcoin is a fad, a fools gold, or an outright scam.

Do you own a whole Bitcoin? Few will own more than a fraction

What they don’t get is the legitimate, organic, two-sided network that buttresses bitcoin and no other currency. A new-age intrinsic value that surpasses the utility & scarcity of gold, but with benefits that outstrip gold and fiat. The inherent value and the pillars that support value are unlikely to be eroded or transferred, even during periods of technical crisis, hacking or regulatory hysteria.

If something better than Bitcoin comes along, two things will happen to ensure supremacy:

  • Improvements will be folded into Bitcoin. After all, a trusted crypto is open source, transparent and license free. The leader can snag any feature or improvement.
  • If another chit is more fluid, flexible, friction free or private, Bitcoin will remain the background reserve through which other “instruments” derive value. This is already occurring.

So, should you buy into the hype? Should you accumulate one full bitcoin while you still can? At the risk of obnoxious immodesty, here is one more quote. Add it to the list at the top of this article. Then, decide for yourself!

“The handwriting is on the wall. Popular adoption is a work in progress. But it is, nevertheless, fait accompli. This handwriting is indelible.”

—Phil Raymond, Lifeboat.com

Related:

Philip Raymond co-chairs CRYPSA, hosts the Bitcoin Event and is keynote speaker at Cryptocurrency Conferences. He is a top writer at Quora.

https://www.youtube.com/watch?v=5pl96S_Bu3M&t=1s

Dr. Mike Chan, Stellar Biomolecular Reserch, chats with James Strole, Director of the Coalition for Radical Life Extension, about what he’s bringing to RAADfest 2019: age reversal of organs using cell and stem cell therapies.

For more info and to register: http://www.raadfest.com/

Organized by the Coalition for Radical Life Extension, RAADfest is the largest event in the world where practical and cutting-edge methods to reverse aging are presented for all interest levels, from beginner to expert. An interactive, inclusive event featuring dozens of top presenters in life extension, regenerative medicine, super longevity, lifestyle, genetics, life hacking, finances, and more. RAADfest will also feature activists and advocate entertainers, celebrations, RAADcity the Expo and RAADclinic.

The Coalition for Radical Life Extension is a non-profit organization.

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Singularity University, Singularity Hub, Singularity Summit, SU Labs, Singularity Labs, Exponential Medicine, Exponential Finance and all associated logos and design elements are trademarks and/or service marks of Singularity Education Group.

© 2019 Singularity Education Group. All Rights Reserved.

Singularity University is not a degree granting institution.

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The Internal Revenue Service (IRS) is warning taxpayers about a snowballing email attack that uses messages pretending to be legitimate IRS communications. The end game for the effort is malware being installed on unsuspecting users’ machines; imposters may gain control of the taxpayer’s computer or secretly download software that tracks every keystroke, eventually giving them passwords to sensitive accounts, such as financial accounts.

The gambit starts with messages to taxpayers from email addresses that spoof legitimate IRS addresses. The emails contain a link to a spoofed IRS.gov website that displays fake details about the targeted recipient’s tax refund, return or account.

The fake emails have subject lines like “Automatic Income Tax Reminder” or “Electronic Tax Return Reminder.” They claim to contain a “temporary password” or “one-time password” to access the files purportedly needed to submit a request for a refund or for information. However, those files are actually just malware in disguise.

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SAN ANTONIO — April 8, 2019 — A team of Southwest Research Institute and General Electric (GE) engineers have designed, built and tested the highest temperature supercritical carbon dioxide (sCO2) turbine in the world. The turbine was developed with $6.8 million of funding from the U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO), in addition to $3 million from commercial partners GE Research, Thar Energy, Electric Power Research Institute, Aramco Services Company and Navy Nuclear Laboratory. Additionally, the DOE’s Advanced Research Projects Agency — Energy (ARPA-E) Full-Spectrum Optimized Conversion and Utilization of Sunlight (FOCUS) program provided financial support and extended the test program to validate advanced thermal seals.

Copyright © 2019 by the American Association for the Advancement of Science (AAAS)

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UNICEF is looking for startups applying #datascience, #machinelearning, #blockchain or #XR to prepare young people for the jobs of tomorrow.

The UNICEF Innovation Fund is looking to make up to 100K equity-free investments to provide early stage (seed) finance to for-profit technology start-ups that have the potential to benefit humanity.

If you’ve got a start-up using machine learning (ML), artificial intelligence (AI), blockchain or extended reality, registered in one of UNICEF’s programme countries, and have a working, open source prototype (or you are willing to make it open-source) showing promising results, the UNICEF Innovation Fund is looking for you.

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In the 2015 movie “Chappie”, which is set in the near future, automated robots comprise a mechanised police force. An encounter between two rival criminal gangs severely damages the law enforcing robot (Agent 22). His creator Deon recommends dismantling and recycling the damaged police droids. However, criminals kidnap Deon and force him to upload human consciousness into the damaged robot to train it to rob banks. Chappie becomes the first robot with the human mind who can think and feel like a human. Later, in the movie when his creator Deon is dying, it’s Chappie’s turn to upload Deon’s consciousness into a spare robot through a neural helmet. Similarly, in the “Avatar” a 2009 Hollywood science fiction, a character in the film by name Grace connects with Eiwa, the collective consciousness of the planet and transfers her mind to her Avatar body, while another character Jake transfers his mind to his Avatar body rendering his human body lifeless.

Mind uploading is a process by which we relocate the mind, an assemblage of memories, personality, and attributes of a specific individual, from its original biological brain to an artificial computational substrate. Mind uploading is a central conceptual feature of many science fiction novels and films. For instance, Hanson’s book titled “The Age of Em: Work, Love and Life when Robots Rule the Earth” is a 2016 nonfiction book which explores the implications of a future world when researchers have learned to copy humans onto computers, creating “ems,” or emulated people, who quickly come to outnumber the real ones.

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  • Fraud detection techniques mostly stem from the anomaly detection branch of data science.
  • If the dataset has sufficient number of fraud examples, supervised machine learning algorithms for classification like random forest, logistic regression can be used for fraud detection.
  • If the dataset has no fraud examples, we can use either the outlier detection approach using isolation forest technique or anomaly detection using the neural autoencoder.
  • After the machine learning model has been trained, it’s evaluated on the test set using metrics such as sensitivity and specificity, or Cohen’s Kappa.

With global credit card fraud loss on the rise, it is important for banks, as well as e-commerce companies, to be able to detect fraudulent transactions (before they are completed).

According to the Nilson Report, a publication covering the card and mobile payment industry, global card fraud losses amounted to $22.8 billion in 2016, an increase of 4.4% over 2015. This confirms the importance of the early detection of fraud in credit card transactions.

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Global Quantum Secure Communication market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis of Global Quantum Secure Communication offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same.

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Request a sample Report of Quantum Secure Communication Market at: https://www.marketstudyreport.com/request-a-sample/2075428?utm_source=financialexpressnow.com&utm_medium=Deepak

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