All news on: Crypto World

Bitcoin to be added in French dictionaries

The word “bitcoin” will be included to the 2016 edition of the two main French dictionaries, “Le Petit Robert” and “Le Larousse”. Considered as a common noun, the entry will be described in the Robert as “a monetary unit used on the Internet and independent from the banking networks.”

Among the other words to be added in these popular dictionaries are “Big data”, “Captcha” and “Selfie”.

 

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Alexandria, a distributed library, to launch in beta

Alexandria, created by Blocktech, intends to become a distributed library for sharing and preserving art, history and culture.

“What Bitcoin does for money, Alexandria aims to do for content publishing and distribution by removing central points of failure and creating incentives for users around the world to contribute to it,” explained the developers, adding that anyone will be able “to self-publish anything, including videos, music, books, 3D printable, recipes, and more, with a complete control over how their work is published and monetized.”

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The project will take advantage of several distributed technologies, including BitTorrent and blockchains. As of today, the developers have chosen Florincoin, an existing Altcoin characterised by fast transactions and the ability to include messages in transactions, as the main token used within the library. “In order to share content or send tips for media you’ve enjoyed, you’ll need a Florincoin-QT wallet running in the background,” said the team, “but later releases will include a simple exchange process so that you can start from other popular cryptos.”

Alexandria will launch in beta very soon, with apps for Linux, Mac OS X and Windows.

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Vote for a global crypto-currency logo

Started last October, Brand Me Crypto is an international and public competition with the goal to create a new brand, representative of all crypto-currencies.

With more than 650 Altcoins available, each of them having its own name and logo, “it’s impossible today to give crypto-currency the overarching identity it requires,” explained the official website. All designers were therefore invited to submit their creations for a logo that could represent the very concept of crypto-currency.

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After a first round of selections, six logos (above) have been chosen, coming from designers in the United States, Germany, United Kingdom, Switzerland, Canada and the Netherlands. Public votes are open and the final brand, able to convey a global and positive image of the crypto-world, will be selected on March, 31.

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Bitchcoin, a crypto-based artistic experiment

Bitchcoin is a crypto-currency backed by the photographies of Sarah Meyohas. Buyers can acquire the coin at a fixed rate of 1 bitchcoin for $100, allowing them to “own” 25 square inches of photographic print. “This rate of exchange will not change, even if the value of the photography increases. As her work changes in value over time, so will the relative value of BitchCoin,” explains the official website of the artist, based in New York City.

Although an oddity in the Altcoin world, Bitchoin qualifies as a “normal” crypto-currency. The coins will initially be mined, through a mining rig installed in Where, a gallery and publishing house located in a shipping container in Brooklyn. The installation is itself an artistic exhibition named “Where 6″. All initial buyers of bitchcoins will receive a physical certificate, acting as a paper wallet for the coin. A software wallet will also be released soon.

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Speculation – © Sarah Meyohas

The first Bitchcoin-backed photography, above, is entitled “Speculation” and the original is currently stored in a safety deposit box. Later on, with every new release of Bitchcoin, the artist will set aside an unframed archival chromogenic print of her work in a bank vault.

“An artist’s work might fluctuate wildly on the market, changing hands between collectors several times without any permission of, or compensation to, the artist. BitchCoin gives Sarah Meyohas a stake in the supply, demand, and price of her own work,” explained the creators of the project.

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iNation to allow the storage of any legal documents with blockchain-based service

Founded this month, iNation claims to be “one of the world’s first secure, distributed, and cryptographically verifiable store of legal documents.” 

The company has started to raise capital to build its platform, through AngelList, and has presented a few designs giving a hint on its intent. The screen captures show the possibility for any user to store official documents such as contract marriages, birth certificates or diplomas, with a blockchain-based validation and identification.

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In addition, the company will be building a mobile application which includes “a mobile messaging application with end-to-end encryption and anonymity”“You will be able to send encrypted texts in a trustless environment over the blockchain via iNation’s mobile application.”

iNation has been co-founded by David Mondrus and Nathan Wosnack. Mondrus, whose wedding was stamped in the Bitcoin blockchain last October, is also a co-founder of the Bitcoin Association and a former advisor to BitNation. iNation is in direct competition with BitNation, a similar service announced last year, and Mondrus publicly slammed BitNation a few months ago.

(images © iNation, via @inationio)

(edited on 2/26 to add Nathan Wosnack, iNation’s CCO, as co-founder)

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Bitcoin and crypto-currencies popular in Davos

The annual meeting of the World Economic Forum (WEF) has started in Davos, Switzerland, and crypto-currencies seem to ride an expected tide of popularity this year. The prestigious forum, which gathers political leaders, high-ranked managers and academics, is usually not considered a Bitcoin-friendly place, after public comments criticizing Bitcoin were made last year.

Times change. As noted by CNBC, “Bitcoin finds a place among the world’s elite”“Davos attendees can use digital currencies for a range of options this year such as paying for apartments, taking a toboggan trip or even splashing out on a new Nissan.”, comments the article, noting that, for the first time ever, the WEF will host tomorrow a seminar entirely devoted to Bitcoin, named “From bucks to bitcoin”.

Although only the expression of a personal view, an article titled “5 ways digital currencies will change the world” was also published today on the official website of the forum. The author, Susan Athey, The Economics of Technology Professor at the Stanford Graduate School of Business and an advisor to Ripple Labs, explains:

“The way banks move money today is archaic. […] By using a digital currency such as Bitcoin, bank transfers could be made instantly, cheaply and safely. In fact, such transfers could even happen without using new currencies. Ripple supports a protocol that allows clients to transfer funds from one currency to another (say, dollars to euros) using a secure digital ledger. Their technology moves money around the globe in seconds…”

At a private session hosted by Time yesterday, LinkedIn CEO Reid Hoffman seemed supportive of Bitcoin too. According to the magazine“Hoffman’s hope for the coming year centered on the digital currency, Bitcoin, which he said could open up the advantages of banking to regions of the world that do not yet benefit from the banking system. He envisaged Bitcoin’s potential impact on the developed world also; for example, the currency might make easier all financial transactions related to driving, including paying tolls and paying for parking.”

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The most influential Bitcoin advocates

Digital Currency Council (DCC), a private consulting firm focusing on crypto-currencies and offering training, certification, and marketing support, has established a list of “The 30 Most Influential Bitcoiners on Social Media“.

Based on Peer Index, Klout Scores, and Twitter followers to reflect a variety of factors (including social footprint, engagement frequency, amplification, and citations by influential writers, with weights assigned to each factor to derive the final data), the list intends to “measure influence outside the Bitcoin community”“Central to the broad adoption of Bitcoin is consistent, clear, and factual communication to individuals who are not yet familiar with the technology”, underlined DCC.

According to the DCC list, the three most influential bitcoiners on social media are:

  • Marc Andreessen, co-founder of venture capital firm Andreessen Horowitz (early investor in Coinbase and Ripple, among others)
  • Chris Dixon, General Partner at Andreessen Horowitz
  • Tammy Camp, founder and CEO of Action Factory (involved in Stellar)

Twitter users can follow the entire list by using this link.

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Ocupy wants to bridge the gap between activism and crypto-currencies

Ocupy.net has just opened, with the intent to become “the new home of digital currencies”. The website consists of a learning platform (not opened yet), a forum with dedicated sections for many major Altcoins, and a social network centered on crypto-currencies.

The project intends to “close the gap between the activism community and digital currencies” and includes the creation of a new coin with its own blockchain, the development of specific privacy protocols and donations to the Occupy community.

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Coin Center officially launched

Coin Center’s official website opened today. Announced a few months ago and backed by prominent private investors and public donations, Coin Center is an educational and research institution focused on the public policy issues facing crypto currency technologies.

“Think of us as a think tank for blockchain technology”, said Jerry Brito, Executive director, adding that “our mission is to build a better understanding of the technology in order to promote a regulatory climate that preserves maximum freedom of action for digital currency innovation”.

This mission includes explaining crypto-currencies to policymakers, to the media, and to the general public, and a set of explanatory articles on crypto-technologies have already been published online (Smart Contracts, Multi-Sig, Colored Coins, for instance).

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Bitnation will implement a Basic Income application

Bitnation announced it will host the Basicincome.co decentralized application on its core platform. The application is described as “a first experimental attempt to provide a system for a crypto based Universal Basic Income (UBI), entirely based on voluntary ‘taxes’ (e.g. transaction fees)”.

Bitnation is a collaborative platform for “do-it-yourself governance”, “providing borderless, decentralized and voluntary type of blockchain-based governance applications”. The upcoming pilot projects of the organization include the release of family contracts using smart contract technology, such as birth certificates on the blockchain, as well as corporate incorporation in the blockchain.

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