Virtual Money ep.3: The non-Bank of bitcoins
In Estonia, a Startup is creating an integrated financial system to definitely cut out the middleman.
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In Estonia, a Startup is creating an integrated financial system to definitely cut out the middleman.
The art installation BRH uses spirometry, a medical technique for measuring lung capacity, to convert breathing into computational processing speed used for mining cryptocurrencies.
In Europe the information technology of every state administration and its institutions – military, police, fiscal authorities etc. – is based on Microsoft programs. This exposes us to a high technical and political security risk. Is our digital sovereignty at stake?
Following the global economic crisis, more and more people are questioning the way global markets function. Some are turning to decentralised payment systems like bitcoin in an attempt to regain control of the economy. But what is bitcoin? How will it impact the way we do business and can bitcoin really challenge the banks’ monopoly and democratise society?