In this issue:"Apple Has Plans for Your DNA" by Antonio Regalado."Small Display Bedevils Some Apple Watch Apps" by Rachel Metz."Microsoft Making Fast Progress with HoloLens" by Rachel Metz."Startup Beams the Web’s Most Important Content from Space, Free" by Tom Simonite."Even Robots Now Have Their Own Virtual World" by Will Knight."Some Tesla Owners Pimp Their Rides with Code" by Will Knight."Dropbox Follows the Money into Crowded Market for Business Tools" by Tom Simonite."Why Bitcoin Could Be Much More Than a Currency" by Mike Orcutt."A New Competitor for Bitcoin Aims to Be Faster and Safer" by Tom Simonite."Can You Improve Your E-Mails by Analyzing Recipients’ Personalities?" by Rachel Metz."A Potato Made with Gene Editing" by Antonio Regalado."CRISPR Patent Fight Now a Winner-Take-All Match" by Antonio Regalado. 1. Language: English. Narrator: Todd Mundt. Audio sample: http://samples.audible.de/pe/trev/150601/pe_trev_150601_sample.mp3. Digital audiobook in aax.
Bachelor Thesis from the year 2018 in the subject Economics - Monetary theory and policy, grade: 1,7, Friedrich-Alexander University Erlangen-Nuremberg, language: English, abstract: This thesis aims to examine processes and determinants in the process of competition between two kinds of money. The first part of the thesis introduces the reader to Bitcoin and fiat money. In the second part those two concepts are compared to each other. Here differences between them with regards to the kind of money they are, the topic of centralization in both systems, the levels of privacy they offer and contemporary acceptance and volatility are examined. Afterwards the third part of the thesis discusses the process of competition between Bitcoin and fiat money. This part specifically deals with the the role and possible reasons for preferences of private and government agents, the role of network-effects as well as switching costs and finally with the possibility of government interventions.
Designed by an anonymous creator, Bitcoin is an intriguing and revolutionary modern technology and payment transaction infrastructure. But as with any new technology, there are many obstacles and threats on the path towards mainstream acceptance. What are the shortcomings of the Bitcoin protocol and Bitcoin as a currency? Moreover, which competitors may one day be able to surpass Bitcoin and make it obsolete? Could a suitable competitor replace Bitcoin, or will the open source virtual currency keep improving itself to make competition obsolete?Traditional classifications for currencies do not adequately apply to Bitcoin. It is a new type of financial technology that entered the global market in 2008 and has since been able to draw the attention of investors, business leaders, regulators and politicians.Whereas a Dollar, Yen, Yuan or Euro can be hold like a currency, they cannot be secured and transacted simply by itself. Individuals have to rely on third party intermediaries in order to transfer funds for them and in order to store them securely. Contrary to that, one cannot focus on Bitcoin as a currency without acknowledging that it is also a transaction system in itself and would not be able to function is one part of this duality is gone. In fact it is even more precise to look at Bitcoin as a decentralized transaction and financial services system, with a currency function being only one aspect of the technology.In this book:- Bitcoin,- Ripple,- cryptocurrency,- financial technology,- financial service,- virtual currency