Monthly Archives: May 2017

Merkel Takes on Trump Over Demands for German NATO Spending – Bloomberg

Posted: May 7, 2017 at 11:33 pm

Chancellor Angela Merkel sharpened her tone against President Donald Trumps demands that Germany spend more on defense, saying shell keep insisting that targets on development aid are just as important.

The U.S. administration has ruled out counting foreign aid toward the North Atlantic Treaty Organizations target of spending 2 percent of gross domestic product in member states on defense. Trump has said Germany owes vast sums of money on security.

Angela Merkel in Hamburg, May 5.

Photographer: Daniel Reinhardt/picture-alliance/dpa/AP Photos

As much as the U.S. government demands meeting NATOs 2 percent defense spending goal by 2024, we will stand just as much by our 0.7 percent spending on development aid, Merkel told an industry club in Hamburg on Friday. Germany spends about 1.2 percent of GDP on defense.

Merkel has said Germany will live up to its commitment to NATO burden-sharing, though shes stuck to the language in a 2014 pledge that alliance members will move towards the 2 percent goal over a decade.

Germany has always made clear that diplomacy and development aid have to be deployed in addition to defense expenditures,Merkel said in Hamburg. So I want to make it very clear, Germany stands by what we call our comprehensive approach, which is not confined to military deployments.

Germany spent 0.5 percent of GDP on development in 2015, compared with 0.17 percent by the U.S., Germanys Ministry for Economic Cooperation said in data published in January. The United Nations has set a target of 0.7 percent for member countries.

Military spending has become an election-year topic in Germany as Merkel seeks a fourth term. Her main challenger for the chancellorship, Martin Schulz, and her foreign minister, Sigmar Gabriel -- both Social Democrats -- have virtually ruled out reaching the 2 percent target.

The issue has driven a wedge between Berlin and Washington. A day after Merkels first meeting with Trump at the White House in March, the president said in a Twitter post that Germany owes vast sums of money to NATO and the U.S. must be paid more for the powerful, and very expensive, defense it provides to Germany!

German Defense Minister Ursula von der Leyen retorted that there is no debit account in NATO and that the military alliances spending goal must go beyond investment in weapons to a modern concept of security.

Germany increased its defense budget by 8 percent this year to about 37 billion euros ($40.1 billion). Schulz and Gabriel have said that increasing that figure to 70 billion euros within a decade would be unrealistic and wasteful. Like Merkel, they argue that development aid should be counted as a security component.

Excerpt from:
Merkel Takes on Trump Over Demands for German NATO Spending - Bloomberg

Posted in NATO | Comments Off on Merkel Takes on Trump Over Demands for German NATO Spending – Bloomberg

NSA stops one abuse, but many remain Orange County Register – OCRegister

Posted: at 11:33 pm

The National Security Agency has decided to halt a controversial surveillance program, but this was just the tip of an iceberg of government abuses of privacy and due process.

The NSA said last week that it will no longer engage in warrantless spying on Americans digital communications that merely mention a foreign intelligence target, referred to in the intelligence community as about communications. The agency had claimed the authority to engage in such surveillance under Section 702 of the Foreign Intelligence Surveillance Act, which allows it to target non-U.S. citizens or residents believed to be outside the country, although Americans communications are oftentimes swept up as well.

NSA will no longer collect certain internet communications that merely mention a foreign intelligence target, the agency announced in a statement. Instead, NSA will limit such collection to internet communications that are sent directly to or from a foreign target.

Even though NSA does not have the ability at this time to stop collecting about information without losing some other important data, the Agency will stop the practice to reduce the chance that it would acquire communications of U.S. persons or others who are not in direct contact with a foreign intelligence target, it continued.

It is a significant departure from previous assurances that the program was vital to national security, though many have forcefully disputed that claim. Its effectiveness has always been difficult to gauge, however, due to the lack of information the NSA has provided about it.

The agencys decision is certainly welcome, though we must make the perhaps generous assumption that it will do or not do, in this case what it says it will, and that it will not simply change its mind in the future. Our enthusiasm is also tempered by the realization that this is an agency, along with various other government intelligence agencies, that is built on deception and has repeatedly lied about its spying activities and violations of Americans constitutional rights.

We are reminded of the public testimony of then-National Intelligence Director James Clapper at a March 2013 Senate Intelligence Committee hearing. At one point, Sen. Ron Wyden, D-Ore., asked Clapper plainly, Does the NSA collect any type of data at all on millions, or hundreds of millions of Americans? Clapper then lied to his face, and the faces of all Americans, saying, No, sir, and then, Not wittingly.

Within a matter of months, news stories based on information from the Edward Snowden leaks would reveal the NSAs bulk collection of Americans phone metadata and internet communications.

Then there is the matter of the backdoor search loophole, by which the FBI or other agencies may search NSA databases for information about Americans collected under Section 702 without having to go through all that pesky business of obtaining a warrant. The loophole is sure to be a bone of contention during congressional debate over the reauthorization of Section 702, which is scheduled to expire at the end of the year.

Given the governments repeated abuses of Americans privacy through its snooping activities, those looking to reauthorize Section 702 have some serious questions to answer about how many Americans have been swept up in this supposed foreign surveillance, and how useful this intelligence actually is.

The Fourth Amendment is quite clear: Government searches require a warrant issued by a judge based on probable cause and describing the specific place to be searched, and the persons or things to be seized. New technology may make our communications quicker and more convenient as well as more easily recorded and stored but it does not alter that fundamental principle.

Excerpt from:
NSA stops one abuse, but many remain Orange County Register - OCRegister

Posted in NSA | Comments Off on NSA stops one abuse, but many remain Orange County Register – OCRegister

Order to Decrypt Digital Devices: A Violation of the Fifth Amendment? – The Legal Intelligencer

Posted: at 11:33 pm

In United States v. Apple Macpro Computer, No. 15-3537 (Third Cir. March 20), the U.S. Court of Appeals for the Third Circuit held that the district court properly found appellant John Doe in contempt of court for failing to comply with an order under the All Writs Act, 28 U.S.C. Section 1651, which required him to producein a fully unencrypted stateseveral devices that had been properly seized, but which were in an encrypted state. The court rejected the appellant's argument that his decrypting of the devices would force him to violate his Fifth Amendment right against self-incrimination. The court's proper ruling is an important one, as encryption of devices is prevalent in the digital world, and decryption by the target is more and more the best and least costly way for the government to access the data in devices seized.

Special to the Law Weekly Leonard Deutchman is a legal and technical consultant. Previously, he had been general counsel for KrolLDiscovery, which he helped build into the largest e-discovery provider in the United States, specializing in data recovery, data archiving, electronic discovery, data hosting, TAR and managed review, collections and digital forensics, with offices across the country and around the world. Before joining KrolLDiscovery, he was a chief assistant district attorney at the Philadelphia District Attorney's Office, where he founded the Cyber Crime Unit and conducted and oversaw hundreds of long-term investigations involving cybercrime, fraud, drug trafficking and other offenses.

View post:
Order to Decrypt Digital Devices: A Violation of the Fifth Amendment? - The Legal Intelligencer

Posted in Fifth Amendment | Comments Off on Order to Decrypt Digital Devices: A Violation of the Fifth Amendment? – The Legal Intelligencer

Here’s a different reason Trump’s new travel ban violates the First Amendment – Sacramento Bee

Posted: at 11:31 pm


Sacramento Bee
Here's a different reason Trump's new travel ban violates the First Amendment
Sacramento Bee
Two federal courts of appeals this week will hear oral arguments about the constitutionality of President Donald Trump's travel ban. They should conclude that the ban violates the First Amendment, but not for the reason the federal district courts ...
Trump's revised travel ban faces legal challenges in courtrooms on both coastsChicago Tribune
Trump's Refugee Order Back In Federal Court This WeekThe Daily Caller
Trump's immigration travel ban faces familiar foe in appeals courts: TrumpUSA TODAY

all 46 news articles »

See original here:
Here's a different reason Trump's new travel ban violates the First Amendment - Sacramento Bee

Posted in First Amendment | Comments Off on Here’s a different reason Trump’s new travel ban violates the First Amendment – Sacramento Bee

President Donald Trump wants it both ways with First Amendment … – Durham Herald Sun

Posted: at 11:31 pm


Durham Herald Sun
President Donald Trump wants it both ways with First Amendment ...
Durham Herald Sun
Clearly, Donald Trump wants things both ways. He'd strip First Amendment protections from his media critics while claiming them for himself when others are ...
Bob Davis: Libel law under the microscope - The Anniston StarAnniston Star
Constitutional Connections: Can President Trump 'open up' the libel ...Concord Monitor

all 4 news articles »

See the original post here:
President Donald Trump wants it both ways with First Amendment ... - Durham Herald Sun

Posted in First Amendment | Comments Off on President Donald Trump wants it both ways with First Amendment … – Durham Herald Sun

Is the First Amendment Under Attack? – KETV Omaha

Posted: at 11:31 pm

Is the First Amendment Under Attack?

Updated: 3:16 PM CDT May 5, 2017

The first amendment is being challenged on all sides freedom of religion is being tested in the Supreme Court, protests are keeping conservative pundits away from liberal campuses, and the White House is threatening a crackdown on the press. Over thirty tweets bashing the media have been sent out by President Donald Trump since inauguration. Besides condemning mainstream media as fake news, he also suggested the loosening of libel laws, something he called for on the campaign trail. But does the president have that authority or influence? First Amendment attorney Floyd Abrams says no the federal government has no power over libel laws which differ for each state. Abrams, best known for his defense of the New York Times in the Pentagon Papers case, has published his latest book, The Soul of the First Amendment. He joins Soledad OBrien to explain the intersection of free speech and the right to protest, the beginnings of the First Amendment, and the case a former president could have against the current one.

WEBVTT SOLEDAD: I'M SOLEDAD O'BRIEN.WELCOME TO "MATTER OF FACT."THE 45 WORDS THAT MAKE UP THEFIRST AMENDMENT ARE BEING TESTEDBY THE 140 CHARACTERS OFTWITTER.AT LEAST, THE PRESIDENT'STWITTER.PRESIDENT TRUMP'S ANTI-MEDIAPOSTS AND CHIEF OF STAFF REINCPRIEBUS' ADMISSION THAT THEWHITE HOUSE IS LOOKING INTOOPENING LIBEL LAWS COULD POSE ATHREAT TO FREEDOM OF THE PRESS,SUGGESTING RETALIATION FOR NEWSCOVERAGE CONSIDERED SLANTED.ONE LEGAL SCHOLAR SAYS THEPRESIDENT'S TRAIL OF TWEETSCOULD ACTUALLY PROTECT THE MEDIAPROVING HIS INTENT TO PUNISHJOURNALISTS BY USING THE LEGALSYSTEMFLOYD ABRAMS HAS WRITTEN A NBOOK.IT IS CALLED "THE SOUL OF THEFIRST AMENDMENT," TO RE-EDUCATEUS ABOUT THE IMPORTANCE OFPROTECTING SPEECH -- EVEN WHENWE FIND IT OFFENSIVE.ABRAMS ARGUED AT THE SUPREMECOURT ON BEHALF OF THE "NEW YORKTIMES" IN THE PENTAGON PAPERSCASE DURING THE NIXONADMINISTRATION AND HAS BEEN BACKIN COURT MANY TIMES SINCDEFENDING REPORTERS AND EDITORS.IT'S NICE TO SEE YOU, SIR.THANK YOU FOR JOINING US. YOU START THE BOOK WITH FASCINATING LOOK AT OUR NATION'SFOREFATHER1787, THE FIRST AMENDMENT, THEWENT BACK AND FORTH ON THEPHRASING. ORIGINALLY, THEY TALKED ABOUTTHE PEOPLE'S RIGHT ANDEVENTUALLY IT SHIFTED TO WHATCONGRESS COULDN'T DO. WHY DOES THE NUANCE MATTERFLOYD: IT MATTERS BECAUSE THELANGUAGE WE WOUND UP WITH --EXACTLY WHAT YOU'RE SAYING -"CONGRESS SHALL MAKE NO LAWCONGRESS LATER BECAME THEPRESIDENT ALSO AND THE STATESALSOBUT IT BECAME CLEAR A BAN, ABAR, A LIMITATION ON GOVERNMENT,WHICH IS THE STUFF OF LAW. THE FIRST AMENDMENT IS A LAWIT IS NOT A POEM, NOTASPIRATIONAL, NOT JUST A HOPEFOR THE FUTURE. IF YOU PHRASE IT THE OTHER WAY,IF YOU SAY PEOPLE SHOULDN'T BEDENIED THEIR RIGHTS, IT SOUNDAS IF WHAT YOU ARE SAYING --WOULDN'T THAT BE A GOOD IDEA?SO THEY DELIBERATELY MADE ITSTRONGER, BY MAKING IT NARROWER."CONGRESS SHALL MAKE NO LAWABRIDGING THE FREEDOM OF SPEECHOR OF THE PRESS."SOLEDAD: YET WE ARE CONSTANTGOING BACK AND FORTH ABOUTWHETHER OR NOT SOMETHING ISPROTECTED BY THE FIRSTAMENDMENT, FOR SOMETHING THATWAS SUPPOSED TO BE KIND OFSTRONG. DO YOU WORRY ABOUT PRESIDENTTRUMP, WHO HAS MADE HIS DISTASTEFOR BOTH JOURNALISTS AND THEFIRST AMENDMENT PRETTY CLEAR?FLOYD: WELL, YES I AM WORRIEDABOUT IT. I THINK SOME AREAS HE'S TALKEDABOUT HE REALLY CAN'T AND WON'TBE ABLE TO GET INTO, LIKE LIBELLAW. HE HAS SAID HE WANTS TO LOOSENTHE LIBEL LAW. BUT THERE IS NO FEDERAL LIBELLAW. THERE IS NO UNITED STATES LIBELLAW. WE HAVE 50 STATES, THEY HAVELIBEL LAWS. THERE IS NO ROLE FOR THEPRESIDENT OR THE CONGRESS ABOUTLIBEL LAW. AND OF COURSE, IT IS THE FIRSTAMENDMENT WHICH PROTECTS AGAINTHE STATE LIBEL LAWS SO AS TOMAKE IT REALLY HARD FOR APRESIDENT OR A PUBLIC OFFICIALOR A PUBLIC FIGURE TO WIN LIBEL CASE, PURPOSELY.LIBEL LAW ONLY APPLIES TO FALSSTATEMENTS OF FACT, NOT OPINION.NOW AN EXAMPLE, PRESIDENT OBAMACOULD SUE OUR PRESIDENT AND SAY,"YOU SAID I COMMITTED A CRIMINALACT BY WIRETAPPING YOU, AND ITIS NOT TRUE."THAT IS A LAWSUIT.SOLEDAD: THE FORMER PRESIDENTCOULD SUE THE CURRENT PRESIDENTFOR LIBEL? THAT WOULD BE -- FLOYD: THAT WOULD BE A GREATLAWSUIT.SOLEDAD: WOW, WOW. CONSTITUTIONAL SCHOLARS WILL BEGOING CRAZY OVER THAT.LET'S TALK ABOUT PROTESTS ONCOLLEGE CAMPUSESMOST RECENT ONE IS ANN COULTERSUPPOSED TO SPEAK AT BERKELEY,IT SORT OF BECAME THIS BIG FREESPEECH DEBATE. EVEN THOUGH SHE NEVER SPOKE ANSHE WITHDREW, PROTESTERS MADE ITCLEAR, AND I AM ROUGHLYPARAPHRASING, THAT SHE ISCONSERVATIVE AND SHE DOESN'TDESERVE TO SPEAK HERE. PROBLEMATIC BECAUSE BERKELEY ISA PUBLIC UNIVERSITY.FLOYD: RIGHT. PUBLIC UNIVERSITY AND THEREFORESUBJECT TO THE FIRST AMENDMENT. WE TREAT PUBLIC UNIVERSITIES ASIF THEY WERE THE CONGRESS. AND SO, IF A PUBLIC UNIVERSITREATS HER DIFFERENTLY BECAUSESHE IS CONSERVATIVE OR BECAUSESHE IS OUTRAGEOUS, THERE COULDBE A LAWSUITSOLEDAD: SO IF SOMEBODY HAS ARIGHT TO FREE SPEECH, AND WEKNOW THAT PEOPLE WHO APROTESTING, THAT IS ALSO A FORMOF FREE SPEECH AND THEY HAVE THERIGHT TO PROTEST, WHERE IS THELINE? THEY BOTH HAVE A RIGHT.FLOYD: THEY DO BOTH HAVE ARIGHT. AND THEY HAVE A RIGHT TO HECKLE.WHAT THEY DON'T HAVE A RIGHT TOIS TO SHUT PEOPLE UP. THEY DON'T HAVE A RIGHT TO BE SLOUD, OR SO CONTINUING, OR SOTHREATENING THAT THE SPEECHSIMPLY CAN'T GO ON.UNFORTUNATELY, THAT IS WHAT HASHAPPENED TOO OFTEN ON COLLEGECAMPUSES AROUND AMERICWE CAN'T JUST SAY THESE COLLEGESTUDENTS DON'T KNOW WHAT THEYARE DOING. WE HAVE TO TEACH THEM IN JUNIORHIGH SCHOOL AND HIGH SCHOOL, ANDWE DO NEED CIVICS COURSE. WE DO NEED A LESSON ON AMERICANLIBERTY ON A CONTINUING BASISFROM THE TIME PEOPLE ARE KIDS.SOLEDAD: FLOYD ABRAMS, IT IS SO

Continue reading here:
Is the First Amendment Under Attack? - KETV Omaha

Posted in First Amendment | Comments Off on Is the First Amendment Under Attack? – KETV Omaha

Cryptocurrency Users in Panama Can Now Trade Dash via …

Posted: at 11:30 pm

Dash, the privacy-focused cryptocurrency,is now live on Panamanian broker and cryptocurrency wallet Coinapult, allowing usersto tradeit against twenty national currencies. Furthermore, Coinapults partnership with Crypto Capital, holders of an international money transmitter license, provides a bridge for regulated crypto to fiat conversion.

The London Summit 2017 is coming, get involved!

Dash VP of Business Development Daniel Diaz said: We have been interested in Coinapult and Crypto Capital for a long time, and were just waiting for the right time. This integration is massive for current and future Dash users because they really solve the question on how to buy and sell Dash in an easy and safe way using fiat. You get a digital currency on/off ramp that is directly connected with a fully functioning money-transmitting platform similar to online banking.

You get your own segregated account with Crypto Capital, which is fully integrated with Coinapult, and you wire funds from your current bank to your Crypto Capital account. Rather than wiring funds to a third-party exchange directly, you are in control of all the accounts involved in the wire transfer process. With less risk and less friction holding and storing value on Dash becomes safer if you add to this the fact that Dash has fast and inexpensive transactions, you get a great overall user experience.

CEO of Coinapult, Gabe Sukenik, said: Giving the Dash economy access to Crypto Capital via Coinapult could be a significant step forward for the liquidity of Dash for bank-settled fiat currency. Even in the midst of significant banking difficulties for bitcoin companies broadly, Crypto Capital has continued to service individuals and businesses that need access to bitcoin-friendly international wire settlement. Dash users now can directly buy or sell Dash in fiat, using Crypto Capital and Coinapult.

See more here:
Cryptocurrency Users in Panama Can Now Trade Dash via ...

Posted in Cryptocurrency | Comments Off on Cryptocurrency Users in Panama Can Now Trade Dash via …

Three Million Active Cryptocurrency Users Says Cambridge Center for Alternative Finance – newsBTC

Posted: at 11:30 pm

A study conducted by the University of Cambridge has concluded the size of cryptocurrency community to be around 3 million. Read more...

A recent study conducted by the Cambridge Center for Alternative Finance has set the number of active cryptocurrency users across the world at 3 million. It includes people who use either one or more cryptocurrencies that are currently available in the market.

A resulting report from the recently conducted Global Cryptocurrency Benchmarking Study includes data collected from over 100 cryptocurrency companies spread across 38 nations, which makes up for about 75 percent of the crypto-industry. With the help of this data, the organization has presented the statistics regarding the size of cryptocurrency community for the first time since Bitcoins inception in 2009.

Until now, the widely used conservative estimates considered the communitys size to be of about 1 million, with over 35 million operational wallets distributed among themselves. The systematic study has divided the industry into four distinct sectors which include exchange platforms, wallets, payments, and mining. All these sectors are important for the functioning of a well-defined cryptocurrency ecosystem.

Cryptocurrencies such as bitcoin have been seen by some as merely a passing fad or insignificant, but that view is increasingly at odds with the data we are observing,

says Dr. Garrick Hileman, Research Fellow at the Cambridge Centre for Alternative Finance

During their study, the Cambridge Center for Alternative Finance has found that the market share of Bitcoin is steadily declining due to the proliferation of other altcoins. In the past two years alone, Bitcoins market capitalization has reduced from 86 percent to 72 percent of the cryptocurrency industrys total market capitalization.

In terms of regulatory compliance among various market players, about 52 percent of small exchange platforms were found to have government issued licenses as against 35 percent of larger platforms. The number of cryptocurrency wallet services that also serve as exchange platforms has increased to 52 percent.

In the report, it is quite evident that there is a lot to be desired when it comes to cryptocurrency transactions between businesses. The average size of B2B transactions is found to be about $1878, which is a very small amount when compared to those in P2P and C2B segment.

The cryptocurrency mining industry has grown huge in the recent days. The use of powerful mining hardware combined with increasing cryptocurrency prices has seen miners earning as much as $2 billion in mining revenues since 2009. As expected, China leads the pack with the highest number of mining facilities. The cryptocurrency mining sector currently has 1800 people employed in a full-time capacity as the total value of the cryptocurrencies crosses $40 billion.

These numbers stated in the report are expected to go up in the coming days as more countries consider legalizing the cryptocurrency. Increasing demand for cryptocurrencies due to various geopolitical factors and growing community size will see its value increase further, eventually crossing the total value of gold which is estimated to be around $7 trillion.

Link:
Three Million Active Cryptocurrency Users Says Cambridge Center for Alternative Finance - newsBTC

Posted in Cryptocurrency | Comments Off on Three Million Active Cryptocurrency Users Says Cambridge Center for Alternative Finance – newsBTC

Tim Draper to Back Tezos Cryptocurrency ICO – newsBTC

Posted: at 11:30 pm

Renowned investor, Tim Draper will participate in an ICO for the first time, setting an example for other angel and VC investors. Read more...

Tim Draper, a well-known name in the Silicon Valley investor circles, has announced his plans to take part in an initial coin offering (ICO) for the first time. By doing so, Draper will not be deviating from the conventional investment practices followed by many investors while putting their money into a business. The upcoming ICO that got Draper interested is for a blockchain platform called Tezos.

Cryptocurrency technology and its applications are catching everyones attention in the recent days. The number of currently available blockchain platforms and the involvement of almost all the leading names in financial and technology sectors has played a significant role in encouraging people from mainstream technology and business segments to start investing in crypto-sector. Some of the mainstream tech investors like Tim Draper and a shift in their investing habits are sure signs of the changing times, influenced by Bitcoin and its counterparts.

Tim Draper has been one of the active supporters of Bitcoin and cryptocurrency technology based ventures. He became well-known in the cryptocurrency community after buying over 30,000 bitcoins that belonged to Silk Road during the US Marshal Services auction.

The new Tezos blockchain platform is being created by Dynamic Ledger Solutions Inc., run by a husband and wife team. They are putting their extensive Wall Street and hedge fund experience from working in companies like Goldman Sachs and Bridgewater Associates to develop the blockchain solution. According to reports, in addition to his participation in the Tezos ICO, Tim Draper will be investing in the platforms parent company, created by Arthur and Kathleen Breitman.

Draper rightly believes that by participating in the ICO, he will be setting an example for rest of the investor community to follow the new age of fundraising. These ICOs, also known as crowdsales are increasingly being used by the cryptocurrency platforms as a form of crowd fundraising where any interested party can buy the tokens in return for the investment made into the platform and reap benefits from its success. Drapers participation in the ICO will not only encourage others to take part in it, but it will also increase the chances of successful completion of many crowdsales. Investors can also diversify their risk, keeping it to a minimum while having the tokens as collateral.

More:
Tim Draper to Back Tezos Cryptocurrency ICO - newsBTC

Posted in Cryptocurrency | Comments Off on Tim Draper to Back Tezos Cryptocurrency ICO – newsBTC

BOScoin – A Promising Self Evolving Cryptocurrency Framework – Live Bitcoin News

Posted: at 11:30 pm

BOSCoin is a self evolving decentralized cryptocurrency that is centered upon a special form of smart contracts, referred to as trust contracts, along with a system for decision making known as the Congress Network. Trust contracts represent forms of secure smart contracts that are based on a protocol layer known as Owlchain, which is comprised of Web Ontology Language and Time Automate Language. Trust contracts aims at addressing the issues of non-decidable smart contracts via means of a more comprehensible programming approach which promotes decidable and secure contracts transactions. The Congress Network represents the decision making system which mitigates issues of governance that usually arise in decentralized organizations. Via an automated and clearly defined governance framework, the creators of BOScoin aim to continuously develop the protocol and the community into a more anti-fragile platform.

Yesterday, the creators of BOScoin announced that the ICO will start on May 10, 2017. The ICO is expected to last for 41 days; throughout which, 276,093,688.786coins are to be sold.

When the ICO starts, participants will be able to buy 40,000 BOScoins for 1 bitcoin. The BOS platform aims at raising at least $10 million via this ICO. In November, 2016, the creators of the coin managed to raise $3 million USD via their Pre-ICO.

BOScoin is formulated to build a self evolving cryptocurrency network. Considering the recent technological advancements in various arenas including quantum computing, artificial intelligence and genetic engineering, it is almost impossible to predict how cryptocurrencies will end up to be in 5 years time. BOScoin is designed to build a cryptocurrency that can be adaptable within every environment.

In most cases, cryptocurrencies turn into speculative tools with rather limited actual applications. However, this wont be the case of BOScoin, as the BOS platform will launch two apps; Stardaq and Delicracy, which will use BOScoin as their main currency, serve as routes for distributing free BOScoins, help grow the BOS platform via attracting new users and offer developers a new platform for creating apps.

Stardaq is expected to be a prediction market for the popularity of international celebrities. An index is used to represent a celebritys popularity and participants can bet on whether or not a celebritys popularity will rise. Users can only place bets via BOScoins.

Delicracy represents a collective tool for decision making that can be utilized by any organization. All participants can get involved in the process of decision making via betting on a group of proposals, similarly to Augurs prediction market. The proposal that receives the highest bets will be passed.

BOScoin is based on the proof-of-stake (PoS) algorithm, so no mining takes place. So, if you run a node, you will receive incentives in the form of freezing and confirmation rewards. Also, the coins board are giving away free coins to participants. Visit BOScoins Bitcointalk.org thread for more details.

In my opinion, BOScoins is a very promising coin, so if you have a PC lying around, use it to set up a node to earn some BOScoins, whose price will mostly rise within the next 1-2 years.

For more details about BOScoin, you can read the white paper via visiting this link. .

Image from BOScoins official website

About Dr Tamer Sameeh

View all posts by Dr Tamer Sameeh

Read the original here:
BOScoin - A Promising Self Evolving Cryptocurrency Framework - Live Bitcoin News

Posted in Cryptocurrency | Comments Off on BOScoin – A Promising Self Evolving Cryptocurrency Framework – Live Bitcoin News