Bloomberg Columnist: Bitcoin is Part of a Real Monetary Revolution

In an eloquent essay, Scottish-American historian Niall Ferguson argues that "We are living through a monetary revolution so multifaceted that few of us comprehend its full extent." The technological transformation of the internet is driving this revolution. The pandemic of 2020 has accelerated it... Covid-19 has been good for Bitcoin and for cryptocurrency generally. First, the pandemic accelerated our advance into a more digital word: What might have taken 10 years has been achieved in 10 months. People who had never before risked an online transaction were forced to try, for the simple reason that banks were closed. Second, and as a result, the pandemic significantly increased our exposure to financial surveillance as well as financial fraud. Both these trends have been good for Bitcoin.... What is happening is that Bitcoin is gradually being adopted not so much as means of payment but as a store of value. Not only high-net-worth individuals but also tech companies are investing. In July, Michael Saylor, the billionaire founder of MicroStrategy, directed his company to hold part of its cash reserves in alternative assets. By September, MicroStrategy's corporate treasury had purchased bitcoins worth $425 million. Square, the San Francisco-based payments company, bought bitcoins worth $50 million last month. PayPal just announced that American users can buy, hold and sell bitcoins in their PayPal wallets. This process of adoption has much further to run... Some economists, such as my friend Ken Rogoff, welcome the demise of cash because it will make the management of monetary policy easier and organized crime harder. But it will be a fundamentally different world when all our payments are recorded, centrally stored, and scrutinized by artificial intelligence — regardless of whether it is Amazon's Jeff Bezos or China's Xi Jinping who can access our data... Rather than seeking to create a Chinese-style digital dollar, Joe Biden's nascent administration should recognize the benefits of integrating Bitcoin into the U.S. financial system — which, after all, was originally designed to be less centralized and more respectful of individual privacy than the systems of less-free societies. Read more of this story at Slashdot.
2020-11-30 03:30:01 preview's
Our Favorite Mattress Deals for Cyber Monday

You should never buy a mattress online unless it’s discounted. Luckily, there are some modest holiday deals going on our favorite models.
2020-11-30 03:15:03 preview's
Burn Off That Turkey With These Cyber Monday Fitness Deals

These picks will help you get your sweat on, whether you're in a home gym, jogging down the road, or roughing it in the wilderness.
2020-11-30 02:15:01 preview's
All the best Cyber Monday 2020 deals we can find

We've sifted through the junk to pick out the tech deals most worth your time.
2020-11-30 01:15:03 preview's
The Best Cyber Monday Deals on Self-Care and Sex Toys

Do you need some extra relaxing? We found the best discounts on vibrators, skincare tools, and more.
2020-11-30 01:15:03 preview's
Figuring Out How To Breathe the Moon’s Regolith

Oxygen ranks right up there as one of the most important resources for use in space exploration.  Not only is it a critical component of rocket fuel, it’s also necessary for astronauts to breathe anywhere outside Earth’s atmosphere.  Availability of this abundant resource isn’t a problem – it’s widely available throughout the solar system.  One … Continue reading "Figuring Out How To Breathe the Moon’s Regolith" The post Figuring Out How To Breathe the Moon’s Regolith appeared first on Universe Today.
2020-11-30 00:30:03 preview's
Greg Kroah-Hartman: 'Don't Make Users Mad'

From a recent report: Greg Kroah-Hartman, the Linux Foundation fellow currently responsible for stable Linux kernel releases, shared the lessons he's learned as a kernel developer that are applicable to other developers at this year's Linux App Summit. He started by showing how he could succinctly distill the essence of the talk into a single four-word slide: "Don't make your users mad...." Kroah-Hartman explains that one of Linus Torvalds' most deeply-held convictions: don't break userspace. "Other operating systems have this rule as well — it's a very solid rule — because we always want you to upgrade. And we want you to upgrade without worrying about it. We don't want you to feel scared. If you see a new release, and we say, 'Hey, this fixes a bunch of problems,' we don't want you to feel worried about taking that. That's really really important — especially with security...." If you do make a change, make sure there truly is a compelling reason. "You have to provide enough reason and enough goodness to force somebody to take the time to learn to do something else. That's very rare." His example of this was systemd, which unified a variety of service configurations and initialization processes. "They did it right. They provided all the functionality, they solved a real problem that was there. They unified all these existing tools and problems in such a way that it was just so much better to use, and it provided enough impetus that everybody was willing to do the work to modify their own stuff and move to the new model. It worked. People still complain about it, but it worked. Everybody switched... It works well. It solves a real problem. "That was an example of how you can provide a compelling reason to move on — and make the change." Read more of this story at Slashdot.
2020-11-30 00:15:02 preview's
The Best Cyber Monday Home, Kitchen, and Parenting Deals

We're spending more time in our houses than ever. Let us help you out with robot vacuums, smart dog collars, and more.
2020-11-30 00:15:02 preview's
[webapps] ATX MiniCMTS200a Broadband Gateway 2.0 - Credential Disclosure

ATX MiniCMTS200a Broadband Gateway 2.0 - Credential Disclosure
2020-11-30 00:00:00 preview's
[webapps] Rejetto HttpFileServer 2.3.x - Remote Command Execution (3)

Rejetto HttpFileServer 2.3.x - Remote Command Execution (3)
2020-11-30 00:00:00