Emergent Futures Tumblelog

This is the Tumblelog of Paul Higgins and Sandy Teagle - Futurists from Melbourne and Brisbane in Australia. Go to Emergent Futures to see more or follow on Twitter at FuturistPaul . If you right click on the pictures, titles or links in these posts you will be able to go to the original story on the web. If you click on comments for each post you can either read what others have said or add your own comment via Disqus. If you click on the date of a post it will take you to a single post view where you can copy the web link if you want to send it to someone else. If you click on the tags it will take you to other stories from Emergent Futures with the same tag.

infoneer-pulse:

More than three-quarters of the digital coins in the Bitcoin digital currency scheme aren’t circulating because they remain dormant in user accounts that have never participated in outgoing transactions, a recently published study has found.

The figure translates to more than 7.019 million BTCs, the term used to denote a single coin under the digital currency, which uses strong cryptography and peer-to-peer networking to enable anonymous payments among parties who don’t necessarily know or trust each other. Based on exchange rates listed on Mt.Gox—the most widely used Bitcoin exchange—the coins have a value of more than $82.87 million. On May 13, the date the researchers analyzed their data, there were slightly more than 9 million BTCs in existence.

» via ars technica

Posted at 7:25pm.

  1. photon-milk reblogged this from emergentfutures and added:
    Buy something already! These drugs and hit-men aren’t going to sell themselves!
  2. hogjonny reblogged this from emergentfutures
  3. bulletbakas reblogged this from diabsoule and added:
    MUH STABLE LIBERTARIAN CURRENCY
  4. kevinpojezny reblogged this from emergentfutures and added:
    Interesting
  5. sirhowell reblogged this from emergentfutures
  6. waldenin reblogged this from emergentfutures and added:
    just goes to show that the feeling of security is a two-edged sword (& won’t trump a broader economic environment that,...
  7. raygunburrito reblogged this from emergentfutures
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  11. emergentfutures reblogged this from infoneer-pulse
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  16. infoneer-pulse posted this

Notes: