IBM is Building Digital Version of National Currency

News are out that IBM is working on adopting Bitcoin technology to create a digital cash for every major national currencies, which will supplement existing paper cash.

“These coins will be part of the money supply. It’s the same money, just not a dollar bill with a serial number on it, but a token that sits on this blockchain.” according to some source.

The first thing that came into my mind is whether the new digital currency will be as “free” as Bitcoin, “free” as in the anonymity of using it.

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A Bitcoin Documentary - The Rise and Rise of Bitcoin

The trailer:

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Mining Primecoin on Cloud Server Using Xolominer

The tutorial is based on xolominer, the high performance primecoin miner. The server image that we use is Ubuntu 14.04 Server or Ubuntu 12.04 Server.

Here comes the steps:

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First follower of Bitcoin - Hal Finney - dies of ALS

Hal Finney

  • Co-developed the open source PGP encryption in 1991, when it was illegal to export military-grade encryption software from United States to other countries.
  • Implemented the first reusable proof-of-work system, to be used as digital token money in 2004.
  • Became the first follower and supporter of Bitcoin in 2009 after Satoshi released the Bitcoin software.
  • Received 10 BTCs from Satoshi, which was the first Bitcoin transaction.
  • Diagnosed with amyotrophic lateral sclerosis (ALS) in 2009.
  • Dies at 58, on August 28, 2014. His body was freezed with the hope of revival when the technology makes it possible in the future.
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