Duplicate. Easy to verify, prove it is what it claims to be under all kinds of conditions and constraints for all people. You must be able to carry the information what it is, what it is worth without generating any information how it is used or by whom and has to do this on platforms and networks and machines that generate effectively perfect copies and transaction logs and records. So to figure out the how of how to make Something Like cash digital is a very tall order which raises the question why you would need to build such a thing. Answering the question will take us from fighting surveillance to libertarian theories of economics and the pursuit of human mortality and all of thes agendas fed into the creation of bit coin and the cryptocurrency a block chain currency today. Its not just the story of building a new payment platform but a deliberate attempt to engineer a future society through the mechanism of money a utopian project i like to call the speculative currency projects
And this is one how and several competing wise. How do you go about getting the digital equivalent for currency for cash and coining it is a significant technical challenge and you need to create a Digital Object that is difficult to forge and duplicate. Easy to verify, prove it is what it claims to be under all kinds of conditions and constraints for all people. You must be able to carry the information what it is, what it is worth without generating any information how it is used or by whom and has to do this on platforms and networks and machines that generate effectively perfect copies and transaction logs and records. So to figure out the how of how to make Something Like cash digital is a very tall order which raises the question why you would need to build such a thing. Answering the question will take us from fighting surveillance to libertarian theories of economics and the pursuit of human mortality and all of thes agendas fed into the creation of bit coin and the cryptocurre
Christmas. Thousands are fleeing ongoing wildfires in southern california. Have burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared by 13,000. It has nearly tripled its user base. Lede, broadcom reports fourthquarter results forecasts, offering an optimistic outlook for the current quarter, indicating its smartphone customers are optimistic about them and about demand. Lets bring in our bloomberg editor at large, cory johnson. You have been pouring through the numbers. You said it was an interesting quart
The latest allegations of Sexual Misconduct. Oregon democrat ron wyden [no audio] the senates gop majority voted today to begin talks on reconciling the two tax bills. Lawmakers are headed to conference to work out differences and emerge with a final bill that could be passed by the senate and house and then signed by President Trump by christmas. Thousands are fleeing ongoing wildfires in southern california. Flames have charred 50,000 acres of land and burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared
Spike this week. How the platform has tripled its User Base Since it picked up the cryptocurrency. As big tech races to control your living room, we hear from the brain behind amazons alexa. First, to our lead. Passedenate republicans their version, we explore the ways the proposed legislation could affect the tech industry. Take a listen. It was a round of applause for gop senators as they passed their version of a tax bill. Trump administration closer to its first piece of signature legislation. If they sent it to my desk, i promise all of the people in this room, i promise you i will sign it. I promise. I will not veto that bill. Tech companies have spent to make sure their interests are heard. Big tex stands to benefit in a few week ways. It would slash the corporate rate from 35 to 20 . According to goldman sachs, the tech sector already benefits from a 24 effective rate. Hordes of cashhe stockpiled overseas. Big tech stands to benefit from this legislation that allows them to def