Negotiator
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Last week, Lightning Labs, a (LN) developer, released the first Bitcoin ready LN implementation, making free and instantaneous BTC transactions closer to reality.
Think about how this could be used if you were abroad and you had a Medical emergency and the hospital could get instant access to your entire medical history.....could save your life!
So Mr Twitter thinks bitcoin will be the World’s single currency in 10 years time. So what does that mean for its price? World broad money supply is estimated at $90trillion. Divide that by the limited supply of bitcoin and you get a price of $5million per bitcoin. Boss keep that stop limit in place
Amazing how two guys of similar background have such diverse forecasts. Mr PayPal thinks there is an 80% chance it will be 0, Mr Twitter seems fairly convinced it will be around $5m.
So Mr Twitter thinks bitcoin will be the World’s single currency in 10 years time. So what does that mean for its price? World broad money supply is estimated at $90trillion. Divide that by the limited supply of bitcoin and you get a price of $5million per bitcoin. Boss keep that stop limit in place
Going back a few days now, but I can't see this as being a good idea. Why would you want to broadcast your detailed medical history to the entire world? To me, this proposal just seems to be yet another company with a database and marketing it as blockchain to drum up interest and uninformed investment.
At a time when there's concern about health insurers offering discounts on fitness trackers because of what they will do with the data gathered, concerns over data secreted from social media platforms, I can't see a major push to publish medical histories being a good thing.
What this company really seem to be selling is a private service providing access to medical data to the patient and any partner medical facility willing to pay for such access. This isn't proposing global access, and I don't see what advantages storing such records in a blockchain would have over a traditional database.
I stongly disagree. With centralized databases these organizations (hospitals etc) are subject to local data protection laws and would not be allowed to share your data with any third party. Even with the patient's permission it would be a slow and cumbersome process to retrieve the data (even if the patient wanted it themselves). Using perhaps some form of DAPP or smart contract on the blockchain you would have direct access to your data and can share it instantaneously with anyone you choose. Also the information could be updated so you always have an up to date record at any given time.
I don't the inner technical details on how exactly this might be set up but I'd imagine it can be done relatively easily even with today's blockchain technology. Perhaps permissioned blockchains, DAPP, Smart Contracts etc I don't know. Maybe I'm smoking drugs but I see this as a really clear use case that would benefit everyone!
I stongly disagree. With centralized databases these organizations (hospitals etc) are subject to local data protection laws and would not be allowed to share your data with any third party.
Even with the patient's permission it would be a slow and cumbersome process to retrieve the data (even if the patient wanted it themselves).
Using perhaps some form of DAPP or smart contract on the blockchain you would have direct access to your data and can share it instantaneously with anyone you choose.
The blockchain would only be accessible by me. Central databases held by the likes of Sky, Spotify, AXA, Vodafone etc and authorities, like Passport Office, Drivers Licence, HSE, Dept of Education etc would still have access to data that is relevant to them and where I have engaged with them.
But I will know for what purpose it is being held and used and who has access to it, and more importantly, who has accessed it.
If it's only accessible by you, what are the advantages of putting all this data into a blockchain? Keeping your entertainment media together with personal data exposes you to risk. I've no problem giving a media player app access to my audio, video, or image files, but no way do I want them accessing my personal records. If you give others access to your blockchain, how do you limit them to just the elements you want to share with them?
Not the market cap of all financial assets but yes he means the market cap of all monetary assets. M2 is broad money supply, it is effectively made up of M1 which performs the medium of exchange function of money plus term deposits which represent the store of value function. Mr. Twitter believes that in 10 years, maybe less, these functions of money over the whole World will be served by a single currency, bitcoin. The US$, the €, the £ in a very short space of time a thing of the past.Internet money, assuming it would come to pass, would hardly mean the whole worlds market cap.
Wow! $8,000 is 1% of elac's holding in bitcoin (before divestment). So that was aggregate holdings of $800K. Any regrets you left $1.2M on the table
Just to clarify. When I said BTC holding, what I meant was the number of BTCs held. We now have two left. As this is less than 1% of original holding, you can take it that we did hold, at one point, more than 200. The average selling price of the coins is a fair bit less than the current price. I have already admitted to being an aggressive seller throughout 2017.
Of course, had we stayed on the horse a bit longer, we would have made more money. Inversely, some people think we were stone mad to stay on as long as we did. It's pretty easy to get confused between best strategy and best outcome in all of this!
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