I can vividly remember learning about Bitcoin for the first time. It had become just popular enough to reach my bubble of the Internet. Like many others, it was first presented to me with the typical gloom and austere that a plague primed to unleash a hoard of criminal boogeymen across the globe should carry. Also similar to the experience of many others, I felt a “click” with each idea I read, and each dismissive criticism I heard rebutted. This was not a byproduct of the short-life high-noise startup scene that had been running rampant, I thought, this was different.
Facebook is currently creating its own cryptocurrency, Libra. But before deciding whether to use it, we should first look at the big picture and think carefully why the Silicon Valley monopoly wants a piece of the cryptocurrency market. Are there good intentions? Or does Mark Zuckerberg only want to increase his profits while furthering his control over us? Those are important questions to ask before deciding if you should trust Big Tech with your hard-earned money. Ultimately, Libra doesn’t make the cut and doesn’t deserve our trust.
Mayor Stephen Witt will be forced to pay a ransom of $460K after hackers locked Lake City’s servers. Since then, the local community and politicians have been unable to access their emails and make online payments through Lake City’s systems. This is the second time in less than a week that a city in Florida has become a target for hackers. A few days ago, Riviera Beach’s city council decided to pay 65 bitcoins (USD $592K) to hackers who encrypted their files and locked them out of their servers.
Maik Pietrowski is a Polish entrepreneur, libertarian activist, and cannabis producer in Switzerland. He’s the co-founder of MSL Industries and Cannerald. A major player in the market, he’s also chosen to use the blockchain as a means of funding the project further. 71 Republic’s Daniel Szewc interviewed Pietrowski about his project and how it may affect the future of the cannabis industry in Europe.
During a FinTech meeting held in Chicago on March 18th, Mayor Ralph Emmanuel made it very clear that he wants his “Windy City” to pioneer the ongoing worldwide crypto revolution.