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COIN MARKET CAP TO HIT 31 BILLION

As more people become aware of cryptocurrency and more countries look at the possibility of accepting bitcoin as a legal payment method, the confidence in this market is reflected by the amount of money that pours into it. Three months ago, the market cap had approximately 25 billion dollars. Today, the same market has matured with $30.8 billion in capital. The questions remain the same as three months ago. Where is it going from here? How far is this going?
There is nothing but excitement to see coins like DigiByte, Einsteinium, PinkCoin, etc, making their entrance into the big circus of cryptocurrencies. I know that there is more than enough room for all of them and that we will see them grow along to the Cryptocurrency Market.  By melip50  in cryptocurrency

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The smartphone is eventually going to die, and then things are going to get really crazy

Apple CEO Tim Cook AP

 

One day, not too soon — but still sooner than you think — the smartphone will all but vanish, the way beepers and fax machines did before it.

Make no mistake: We're still probably at least a decade away from any kind of meaningful shift away from the smartphone. (And if we're all cyborgs by 2027, I'll happily eat my words. Assuming we're still eating at all, I guess.)

Yet, piece by piece, the groundwork for the eventual demise of the smartphone is being laid by Elon Musk, Microsoft, Facebook, Amazon, and a countless number of startups that still have a part to play.

And, let me tell you: If and when the smartphone does die, that's when things are going to get really weird for everybody. Not just in terms of individual products but in terms of how we actually live our everyday lives and maybe our humanity itself.

Here's a brief look at the slow, ceaseless march toward the death of the smartphone — and what the post-smartphone world is shaping up to look like.

The short term
People think of the iPhone and the smartphones it inspired as revolutionary devices — small enough to carry everywhere, hefty enough to handle an increasingly large number of daily tasks, and packed full of the right mix of cameras and GPS sensors to make apps like Snapchat and Uber uniquely possible.

But consider the smartphone from another perspective. The desktop PC and the laptop are made up of some combination of a mouse, keyboard, and monitor. The smartphone just took that model, shrank it, and made the input virtual and touch-based.

So take, for example, the Samsung Galaxy S8, unveiled this week. It's gorgeous with an amazing bezel-less screen and some real power under the hood. It's impressive, but it's more refinement than revolution.

Samsung Galaxy S8. Business Insider

Tellingly, though, the Galaxy S8 ships with Bixby, a new virtual assistant that Samsung promises will one day let you control every single feature and app with just your voice. It will also ship with a new version of the Gear VR virtual reality headset, developed in conjunction with Facebook's Oculus.

The next iPhone, too, is said to be shipping with upgrades to the Siri assistant, along with features aimed at bringing augmented reality into the mainstream.

And as devices like the Amazon Echo, the Sony PlayStation VR, and the Apple Watch continue to enjoy limited but substantial success, expect to see a lot more tech companies large and small taking more gambles and making more experiments on the next big wave in computing interfaces.

The medium term
In the medium term, all of these various experimental and first-stage technologies will start to congeal into something familiar but bizarre.

Microsoft, Facebook, Google, and the Google-backed Magic Leap are all working to build standalone augmented-reality headsets, which project detailed 3D images straight into your eyes. Even Apple is rumored to be working on this.

Microsoft's Alex Kipman recently told Business Insider that augmented reality could flat-out replace the smartphone, the TV, and anything else with a screen. There's not much use for a separate device sitting in your pocket or on your entertainment center if all your calls, chats, movies, and games are beamed into your eyes and overlaid on the world around you.

Apple's AirPods keep the Siri virtual assistant in your ears. Hollis Johnson/Business Insider

At the same time, gadgetry like the Amazon Echo or Apple's own AirPods become more and more important in this world. As artificial-intelligence systems like Apple's Siri, Amazon's Alexa, Samsung's Bixby, and Microsoft's Cortana get smarter, there will be a rise not just in talking to computers but in having them talk back.

In other words, computers will hijack your senses, more so than they already do, with your sight and your hearing intermediated by technology. It's a little scary. Think of what Facebook glitches could mean in a world where it doesn't just control what you read on your phone but in what you see in the world around you.

The promise, though, is a world where real life and technology blend more seamlessly. The major tech companies promise that this future means a world of fewer technological distractions and more balance, as the physical and digital world become the same thing. You decide how you feel about that.

The really crazy future
Still, all those decade-plus investments in the future still rely on gadgetry that you have to wear, even if it's only a pair of glasses. Some of the craziest, most forward-looking, most unpredictable advancements go even further — provided you're willing to wait a few extra decades, that is.

This week, we got our first look at Neuralink, a new company cofounded by Musk with a goal of building computers into our brains by way of "neural lace," a very early-stage technology that lays on your brain and bridges it to a computer. It's the next step beyond even that blending of the digital and physical worlds, as human and machine become one.

Assuming the science works — and lots of smart people believe that it will — this is the logical endpoint of the road that smartphones started us on. If smartphones gave us access to information and augmented reality puts that information in front of us when we need it, then putting neural lace in our brains just closes the gap.

Futurist Ray Kurzweil has been predicting our cyborg futures for a long time now. Tech Insider

Musk has said this is because the rise of artificial intelligence — which underpins a lot of the other technologies, including voice assistants and virtual reality — means humans will have to augment themselves just to keep up with the machines. If you're really curious about this idea, futurist Ray Kurzweil is the leading voice on the topic.

The idea of human/machine fusion is a terrifying one, with science-fiction writers, technologists, and philosophers alike having very good cause to ask what even makes us human in the first place. At the same time, the idea is so new that nobody really knows what this world would look like in practice.

So if and when the smartphone dies, it'll actually be the end of an era in more ways than one. It'll be the end of machines that we carry with us passively and the beginning of something that bridges our bodies straight into the ebb and flow of digital information. It's going to get weird.

And yet, lots of technologists already say that smartphones give us superpowers with access to knowledge, wisdom, and abilities beyond anything nature gave us. In some ways, augmenting the human mind would be the ultimate superpower. Then again, maybe I'm just an optimist.

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Ten reasons you should consider buying Bitcoin in 2017

Jodi Edmunds 
In some ways, Bitcoin is just another currency: it has an exchange rate against other currencies, it can be bought, sold and it can be used to pay for things online.

Bitcoin is taking the financial world by storm. Here are ten reasons why you should consider buying Bitcoin.

bitcoin-future-of-money

1. The price
If you look at a graph of the Bitcoin price throughout its entire existence, the overall trend shows that it has only increased.

There are many people who believe the price will go up ten, hundred or even thousand-fold in the next few years.

Nobody can predict the future price, but the momentum, increased transaction rate of people using it, banks and companies investing in and using Bitcoin are all very healthy indicators.

2. Bitcoin is global
Bitcoin knows no borders. It can easily be sent from one Bitcoin wallet to another; across the room or across an ocean.

Since it is sent peer-to-peer, there are no third parties or borders to restrict the transaction. Bitcoin can be bought and sold in local currencies in almost every country in the world.

3. Bitcoin is good for businesses
Transaction fees levied by card processors and transfer fees charged by banks for international transactions can be significantly more expensive than the small fees charged for sending Bitcoin.

For example, merchants pay between 2-6% to accept online credit card payments, with high rates of credit card fraud. These costs are passed down to the consumer.

It costs a fraction of that to process a  Bitcoin payment and the chargeback risk is zero.

4. Bitcoin is fast
It takes one to two days to receive a bank payment from a different bank and up to a week (or more) to receive an international bank transfer.

Bitcoin transactions are instantly sent and are usually confirmed in under 30 minutes, no matter where in the world they were sent to.

5. Bitcoin protects your privacy
Unlike most other payments, to complete a Bitcoin transaction you don’t need to provide any sensitive information (which can easily be stolen or abused).

When you want to receive a payment, simply provide the sender with your Bitcoin wallet address. This address is a receive-only address: you’re free to distribute it (people can only send money to it and pay you, not withdraw from it).

You don’t need to send your full name, your physical address or your credit card number when making Bitcoin payments.

6. Bitcoin is transparent
All Bitcoin transactions that have ever happened are recorded in a ledger known as the Blockchain. This makes Bitcoin a great tool to follow the exact flow of money. This, despite early incorrect press, makes Bitcoin a terrible mechanism for facilitating crime and a great one for legitimate transactions.

Note that a Bitcoin wallet’s balance and payment history are publicly available, but the identity of the wallet owner isn’t.

7. Bitcoin is irreversible
If someone uses a stolen credit card at your store, the owner of the stolen card can simply reverse the charges with their bank (a process known as a chargeback).

Chargebacks and reversals simply aren’t possible with Bitcoin.

8. Bitcoin is decentralised
Bitcoin has no centralised control: no single company, person or government owns or issues it, so there is no potential central point of failure. A distributed network of computers work together to form part of the Bitcoin network.

This means that should one part of the network go offline, for any reason, Bitcoin transactions will continue to be processed and confirmed by the remainder of the working network.

9. Bitcoin can bank the unbanked
There are many people in developing countries without access to bank accounts. Others have bank accounts but can’t make international payments.

There is a possibility that Bitcoin wallets can become easily accessible platforms for people who are currently excluded from the traditional financial world, to store and transfer money.

10. Bitcoin is separate from the global economy
Traditional currencies are printed and controlled by central banks and governments.

Bitcoin is not affected by this in any way, meaning that it is not associated with other national currencies or the stock market. Because of this, it is possible that Bitcoin could benefit from the collapse of the economy.

So, as the traditional economy continues to collapse or remain unstable, Bitcoin becomes a safer place for us to put our money.

It would make sense for anyone worried about the state of the global economy to begin buying Bitcoin.

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Avatar Jodi Edmunds
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Jodi Edmunds

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