Discussion in 'Off Topic' started by Dr. AMK, Jan 7, 2018.
The executive’s guide to implementing blockchain technology
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This Company Added the Word ‘Blockchain’ to Its Name and Saw Its Shares Surge 394%
By Lisa Pham Updated on October 27, 2017, 6:48 AM PDT
"A British company that has been investing in internet and information businesses is having its best day on record.
On-line Plc jumped as much as 394 percent on Friday after announcing plans to change its name to On-line Blockchain Plc, following an initial climb of 19 percent on Thursday when it first announced the news. It’s the biggest one-day gain for the small-cap company since its December 1996 listing. The trading volume that reached 2.9 million shares by early afternoon in London is equal to more than 16 times the entire year’s trading before the last two days.
“Blockchain technology and cryptocurrencies are a new and exciting area we have been working on for some time,” the Essex-based company said in a statement on Thursday. “We feel the time is right to re-name the company to reflect these developments, where we believe the future growth will be in our sector.”
The shares pared gains after the company published a follow-up release on Friday, cautioning investors that the development of its blockchain product is still at an early stage. Still, the 238 percent rise as of 2:36 p.m. in London leaves the company’s market value of 4.4 million pounds ($5.8 million) at its highest since 2005.
Bioptix Inc. nearly doubled in value in the days leading up to its name change to Riot Blockchain Inc. earlier this month. In what seems to be a case of mistaken identity, a New York-based startup called SNAP Interactive Inc. jumped more than 150 percent in the days after Snap Inc. filed for a $3 billion initial public offering in February. Little-known SNAP Interactive makes mobile dating apps, while Snap Inc. is the parent of the popular Snapchat photo-sharing app."
Include ‘blockchain’ in your business name and watch your stock price soar
Author : Jack Dean 26 DEC 2017
"What’s in a name? Well, a massive increase in a company’s share price for one thing. It has nothing to do with SEO rankings and keyword research either. All businesses need to do is add the word‘blockchain’ in their name and they’re good to go!
It seems as if the reputation for Bitcoin's underlying technology definitely precedes it, as many businesses are seeing. Long Island Drinks Corp changed their moniker to Long Blockchain and instantly saw their stock price increase by 200%.
They’re not alone though, plenty of businesses are opting to seemingly forego extensive marketing campaigns and simply change their names. Vapetek, a US-based vaping startup changed its name to Nodechain. What does vaping have to do with blockchain you ask? Well, that remains to be seen as the company hasn’t really specified.
This craze isn’t limited just to the US though. A UK communications company, On-Line PLC, announced that they would be adding the b-word to their business name and just hours later, saw its share price change from $19.60 to $110. In a statement, the company said that blockchain was “new and exciting” and also stated:
“We feel the time is right to rename the company to reflect these developments, where we believe the future growth will be in our sector.”
However, it’s not yet clear how blockchain will be used in their business.
Now, we move on to Asia. Hong Kong-based tea manufacturer, Ping Shan Tea Group has transformed itself into Blockchain Group Co. The trend continues as this company also does not stipulate how blockchain technology will be integrated into its current business model.
Russia, which is in the throes of regulating everything crypto, sees something a bit different. Dve Palochki, a popular sushi restaurant, previously launched a crypto- and ICO-themed menu. In a cheeky move, the restaurant also offers a Chinese mulled wine, which is unfortunately unavailable, in reference to China’s ban on ICOs and crypto exchanges. Even though prices are displayed as tokens, they are actually just Russian rubles.
The country’s Burger King outlets have also tested the crypto waters by previously releasing their own tokens, known as Whoppercoins, which are powered by Waves Platform.
There’s no denying the strong allure of blockchain. Its increasing popularity is not only because it supports cryptocurrencies, but also because it is the future of technology for other industries as well.
However, this craze shows that some companies are just hoping for a free ride on its coattails rather than investing in developing the technology for their business."
AI: Ping-pong playing robot vs human
R2D2 ain't got nothing on this...
I like this movie so much, nice one @hmscott, BTW I was a famous shampion in this game in 80's and still have some skills.
Aha!, the 70's and 80's for me as well, handball, racquetball, tennis - table and field both.
This is what will happen when AI takes over the world.
Transactions Speeds: How Do Cryptocurrencies Stack Up To Visa Or PayPal?
“Processing a bitcoin transaction consumes more than 5,000 times as much energy as using a Visa credit card.”
The Ridiculous Amount of Energy It Takes to Run Bitcoin
Posted 28 Sep 2017 | 19:00 GMT By PETER FAIRLEY
Running Bitcoin uses a small city’s worth of electricity. Intel and others want to make a more sustainable blockchain
Bitcoin Is Unsustainable
Christopher Malmo Jun 29 2015, 9:23am
The energy cost of a single Bitcoin transaction could power 1.5 American homes for a day.
This is why Bitcoin itself isn't thought of as a sustaining construct moving forward.
The power required for the Bitcoin implementation is too much now and scaling out far worse in the future. It's ridiculous and has been from the start - probably on purpose - kind of a "poison-pill" to keep it from persisting beyond the POC it was supposed to be. Round 1 so to speak.
Hopefully Bitcoin wasn't designed as a practical joke on the future. So much value locked in to it we have no choice but to sustain all the infrastructure, powering it into the future as a continual loss.
Is there a cognizant design where the goal is efficiency that can persist moving forward, without imploding on it's own energy and computing needs?
Does anyone have any suggestions on cryptocurrency implementations in operation that can match the current low power cost per transaction along with the speed, security and independence of crytocurrency as desired?
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