The use of blockchain in financial services would need to be carefully regulated with access restricted to only approved participants. Institutions should also be required to use “kill switches” to stop computers automatically executing in times of stress. These are some of the recommendations of outgoing chair of IOSCO Greg Medcraft based on concerns from global regulators. In short, blockchains are risky business.
While Bitcoin gets all the attention, the blockchain technology it’s based on can be used for a wide variety of applications, such as tracking ownership or the provenance of documents, digital assets, physical assets or voting rights. Here are some of the ways blockchains could improve business and government.
Even if you’ve switched to another torrent client (or just an older version of uTorrent), now’s the time to make sure there are no hidden Bitcoin miners hogging your idle system resources. You’ll have to dive into your registry and file system, but a little effort is worth the peace of mind.
The recent crash of popular bitcoin exchange MtGox has given some commentators the opportunity to hint at the collapse of bitcoin itself. There are historical comparisons to be drawn here with the 2001 dotcom crash or the South Sea Bubble of 1720. However, these examples can only offer a partial explanation of recent events.