A researcher at MIT's Computer Science and Artificial Intelligence Laboratory and the Laboratory for Information and Decision Systems recently developed a machine-learning algorithm that can predict the price of the infamously volatile cryptocurrency Bitcoin, allowing his team to nearly double its investment over a period of 50 days.
With the virtual currency in the news and on the periphery of my radar screen, this was the third time I was forced to think about Bitcoin. I assumed the price surge would be the beginning of a government crackdown and the likely legal death of the experiment… so I continued to ignore it as an investment opportunity. Wrong again.
Despite the difficulties, merchants, payment processors and services announced their decision to accept bitcoin for payment (often with the help of a bitcoin payment processor). Some of the notables names include Microsoft, PayPal, Dell, Chicago Sun-Times Overstock, Newegg, Shopify, DigitalRiver, Monoprix, Expedia and REEDS Jewelers.
While a lot of people have experimented with digital currencies in the internet age, Bitcoin's mysterious creator, Satoshi Nakamoto," was the first person to solve the issue of double spending" in a completely decentralized network, meaning that all transactions are made directly between parties, with no middlemen, yet in a way that is verifiable across the entire network and virtually impossible to counterfeit.
Just trying to have some decent and honest banter. My opinion is that this technology will transform the world , just like the Internet did. I may be wrong , but so far nobody has given a good strong answer as to why not , all it has been so far is a load of empty hot air" negative rubbish which can be de-bunked in one or two sentences. When I see these stupid empty comments it makes me even more bullish about this technology and the changes it will make , not just in the world of finance but also many other areas.
With the virtual currency in the news and on the periphery of my radar screen, this was the third time I was forced to think about Bitcoin. I assumed the price surge would be the beginning of a government crackdown and the likely legal death of the experiment… so I continued to ignore it as an investment opportunity. Wrong again.
Despite the difficulties, merchants, payment processors and services announced their decision to accept bitcoin for payment (often with the help of a bitcoin payment processor). Some of the notables names include Microsoft, PayPal, Dell, Chicago Sun-Times Overstock, Newegg, Shopify, DigitalRiver, Monoprix, Expedia and REEDS Jewelers.
While a lot of people have experimented with digital currencies in the internet age, Bitcoin's mysterious creator, Satoshi Nakamoto," was the first person to solve the issue of double spending" in a completely decentralized network, meaning that all transactions are made directly between parties, with no middlemen, yet in a way that is verifiable across the entire network and virtually impossible to counterfeit.
Just trying to have some decent and honest banter. My opinion is that this technology will transform the world , just like the Internet did. I may be wrong , but so far nobody has given a good strong answer as to why not , all it has been so far is a load of empty hot air" negative rubbish which can be de-bunked in one or two sentences. When I see these stupid empty comments it makes me even more bullish about this technology and the changes it will make , not just in the world of finance but also many other areas.