How Bitcoin Will Have Major Effects On Society

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Bitcoin is the virtual currency that everyone is talking about. There are now 15.5 million Bitcoins in circulation. But it’s not the only option out there in the crypto-world.  Like Bitcoin, there are coins available to be mined and, eventually, there can be multiple options to be traded on the open market and used to purchase goods and services.

One such virtual currency is OneCoin, run by Dr. Ruja Ignatova which is set to drive the industry forward.

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Blockchains are becoming the new secure way to share data

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Even in 1981 inventors were trying to solve the Internets problems of privacy, security and inclusion with cryptography. With every new process, no solution was perfect, because a third party was involved. Paying with credit card was insecure because too much personal information was involved and transaction fees were steep. In 1998, Nick Szabo wrote a short paper entitled “The God Protocol” in which his point was: Doing business on the Internet requires a leap of faith.

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PINs and passwords are out… welcome to a world of wearable technology

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As spenders and savers, what does the future hold for us? Over the past 30 years, the way in which we bank and use money has changed drastically. While the pace of change has started to slow, there are still exciting times ahead.

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The Internet of Things is becoming a surveillance nightmare

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Security guru Bruce Schneier said, “Surveillance is the business model of the Internet. We build systems that spy on people in exchange for services. Corporations call it marketing.” The nature of these services tends to obscure our true relationship to companies like Facebook or Google. As the saying goes, if you don’t pay for a product, you are the product.

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Blockchain: The technology behind Bitcoin could eliminate fraud and corruption in governments and industries

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Many companies are starting to integrate blockchain technology into ledgers, using it to track diamonds and ensure fair land distribution. The projects are first steps toward making governments and industries more transparent and eliminating fraud and corruption.

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Next generation of Bitcoin innovators will get their inspiration from MIT

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There has been a lot of enthusiasm in recent years for how cryptocurrencies will create new platforms, markets, and economies. But what will the future of commerce and the world look like? A vital question, and one that really hasn’t been answered.

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