Bitcoin Roundup March 25, 2016

Video: Bitcoin as ‘The End Of Money As We Know It.’ – CCN: Financial Bitcoin & Cryptocurrency News

The film includes interviews with many well-known bitcoin and financial personalities likeAndreas Antonopoulos, author of “Mastering Bitcoin,” and Alan Greenspan, former chairman of the Federal Reserve.

Roger Ver, a bitcoin entrepreneur, notes there is nothing politicians or big banks can do to stop bitcoin. “What the Internet did for information, bitcoin is doing for money,” says Eric Benz, director of UK Digital Currency early in the video. 

Bitcoin Uncertainty In Venezuela is Beneficial To SurBitcoin

Turbulent times are ahead for Venezuela by the look of things, as law enforcement agencies arrested two individuals involved in Bitcoin mining about a week ago. Even though the digital currency is not illegal in the country, the local government has never been keen on the concept of Bitcoin, as they see it as a threat to the local monetary system.

But that is not all, as local state-sponsored media – called VTV – has issued a stern warning about Bitcoin once again, claiming how this is not a reliable form of money as there is no government support or inherent value of digital currency. To some people, this may sound very similar to what Russian government officials have been telling the people for quite some time now. 

These are the biggest names in bitcoin and blockchain tech – Yahoo Finance

While critics are still dubious of the future viability of the digital currency bitcoin, at least one group sure isn’t: venture capitalists. VCs pumped more investment into bitcoin and blockchain-related startups last year than in any previous year—nearly $1 billion. They’re keeping this industry hot, even if we haven’t yet seen a so-called “killer app,” a use case for bitcoin that would compel the average person to care. And it isn’t just investors leading the charge—it’s a handful of key executives, thinkers and even policy people.

Of course, investors are just as keen on companies exploring the blockchain, which is the decentralized ledger technology on which bitcoin runs. (For a full explainer on blockchain, watch this video.) The hype around the idea of banks using a form of blockchain (without bitcoin) is high, even though a PwC survey this month found that 57% of financial executives say they’re “unsure” about implementing blockchain tech in banking. 

Block Size Survey Gives Bite Size Sample On Bitcoin’s Sentiments – CCN: Financial Bitcoin & Cryptocurrency News

The founder of the Bitcoin Association Switzerland, Luzius Meisser, recently released the results of a block size survey he conducted. He wanted to test the differences in which entrepreneurial and technical mindsets viewed the block size problem. His hypothesis stated that entrepreneurs likely favor larger blocks than those of a technical mindset. “And the answer seems yes.”

Of 269 respondents, 146 preferred a block size between 0.5 MB and unlimited, with most preferring more than 4GB. Meisser determines this is because he received more responses from r/btc readers than /r/bitcoin readers. 

Bitcoin Price Technical Analysis For 03/24/2016 – Beginning of Bullish Trend? – NEWSBTC

Bitcoin price gained intraday to trade near $418-420. Now, can BTCUSD continue trading higher as there are many supports formed on the downside?  

The Role of Bitcoin Nodes: Do Full Nodes Running in Data Centers Benefit the Bitcoin Network? | Bitcoin Magazine

Since its launch, Bitcoin Classic‘s node count has steadily increased. The latest release of the alternative Bitcoin implementation even topped the charts, with almost 3,000 Bitcoin Classic 0.12 nodes reachable on the network.

But a closer look at these statistics reveal some odd details.

First, IP-data suggests that many Bitcoin Classic nodes might not really be many Bitcoin Classic nodes at all. Instead, a single node could use multiple IP addresses to spoof total node count. This possibility appears more likely in light of the observation that very few Bitcoin Classic nodes seem to be replacing existing Bitcoin Core nodes, indicating that these are new nodes, rather than node operators actually make the switch. 

MIT Media Lab Director: How The Bitcoin Blockchain Can Unlock The Internet’s Full Potential – CCN: Financial Bitcoin & Cryptocurrency News

Brian Forde, MIT Media Lab’s director of digital currency, explained how bitcoin and the blockchain could transform the way the world does business during a podcast interviewpresented by Inc. Uncensored. A team of Inc. editors, led by Editor James Ledbetter, introduced Forde and asked him to give an overview of bitcoin and the blockchain before posing questions.

Forde explained how the blockchain could replace some repetitive work done by lawyers, insurance companies and bankers, and how the blockchain could bring a new era of digital rights management that could change the music and media industry. 

Flawed Economic Stimulus Plan For Canada Helps Bitcoin

Nearly every economy around the world is facing a problem right now, and government officials are trying to figure out various ways to focus on this issue. The old tried and tested tactic seems to be the most logical way to address these concerns, although injecting a lot of money at infrastructure spending is quite a significant concern.

People have to understand that the money required for an economic stimulus has to come from somewhere. In Canada, that means there will be a government deficit three times what was originally predicted during the election last year. As this deficit grows larger and larger, it becomes much harder for Canada to return to a balanced budget. 

Bitcoin Price Back In Decline? – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price fell away from yesterday’s strained highs, but a price correction introduces some uncertainty about what’s next. Previous price patterns suggest the decline will continue, but simple technical analysis helps us plan contingency, and identify the confirmation of decline.

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