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From the Blogosphere Cryptocurrencies, Bitcoin and Nanocrime | @CloudExpo #Bitcoin #FinTech
Is Bitcoin nothing more than a digital vehicle for nanocrime?
By: James Carlini
Dec. 23, 2017 03:00 PM
Bitcoins are a digital cryptocurrency and have been around since 2009. As a substitute for legal tender, they are becoming a rage for investors and others but because there is no government agency auditing or performing regulatory oversights, you wonder if it is the perfect breeding ground for electronic nanocrime? Since the introduction of the Bitcoin, some competitors have emerged and the whole segment of cryptocurrencies are defined as Altcoins. Altcoins include: Dogecoin, Ethereum, Feathercoin, Litecoin, Monero, Novacoin, Peercoin, and Zetacoin. Some of these cryptocurrencies are considered improvements on the original Bitcoin algorithm structure, and they are gaining some traction as well. Some financial experts and analysts, including Warren Buffett and Ben Stein, are leery of the overall cryptocurrency market. Is it because it doesn't fit into their more traditional due diligence framework when reviewing investments? Or, is it something that they realize needs a whole new set of analytic and regulatory tools that are currently not available? "Stay away from it. It's a mirage basically," Buffett said on CNBC in 2014. Is it overbought and close to a bubble today? You may think you are getting into it on the big surge up, but it could make a huge correction just after you buy into it. Ben Stein in a very recent interview on FOX Business was also less than enthusiastic on Bitcoin as well, "If you don't know what something is, I would be very, very cautious putting my money into it.....I think it is the bubble of bubbles." The interview can be seen here: ( http://www.frontpageindex.com/2017/12/ben-stein-on-bitcoin-i-would-be-very.html ) For now, Bitcoin seems to be the Altcoin segment leader. Recently, it has skyrocketed in value to over $17,000 apiece, but it fluctuates daily. Ethereum has hit $1,000 per coin. All of this has happened in a very relatively short period of time. The big question from a financial technology infrastructure standpoint is, "Are all these "Altcoins" a better electronic solution for traditional financial transactions or do they launch a whole new set of financial and security problems to deal with and solve? If you are an investor or you are in charge of any development or operations of financial clouds dealing with transactions, you better understand the whole concept of cryptocurrencies, the digital access to them, and the idea of replacing third-party (entrusted transactions) before you jump into them. Some central banks are questioning the legitimacy of the Bitcoin craze. The reason? They could have a lot to lose being edged out of the middleman position they hold. Some speculators are also looking to see what the Chicago Mercantile Exchange (CME) comes out with as an online platform for Bitcoins (or the other Altcoins). Many speculators are looking at the Bitcoin craze as a fast way to make money. Reality is, it's more likely you probably missed the window for a "big killing", but are just in time to get wiped out with your last-minute investment to join up. Also, as with every online application, there is a good possibility there will be scams going on with various approaches to steal Bitcoins as well as sell phony ones. Cyberdefenses to Avoid a Dark Cloud
Can Bitcoin Be Hacked? Did you know at a Starbucks in Buenos Aires, the public WiFi there actually tried to hook up those who were using their WiFi access to mine digital cash? That was pointed out to Starbucks and they quickly changed the store's WiFi. In a BBC story, the customers' computers were being harnessed for their computer power to mine digital coins: http://www.bbc.com/news/technology-42338754 A new term called cryptojacking refers to that type of malware you can run into when on the Web. Starbucks was only one example. What the cryptojacking malware does is infect your browser and then your computer becomes part of the chained computer power (across multiple unaware users) used to mine coins. When running, it steals power to mine coins. This can be avoided if you have certain Adblockers on your system, but I would say the vast majority of people do not even know this is happening. (see link - http://fortune.com/2017/11/15/the-growing-threat-of-cryptocurrency-mining-malware/ ) A different type of due diligence framework is needed to evaluate the whole transaction process as nanocrime increases. Is Bitcoin for real or is it an elaborate "Bitcon" within a very ominous and spreading dark cloud? Time will tell. CloudExpo | DXWorldEXPO have announced the conference tracks for Cloud Expo 2018, introducing DXWorldEXPO. DXWordEXPO, colocated with Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DXWorld Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throughout enterprises of all sizes. Cloud Expo | DXWorldEXPO 2018 New York Cloud Expo | DXWorldEXPO 2018 Silicon Valley Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of DXWorldEXPO® - Digital Transformation Conference & Expo has announced its conference agenda, with three major themes: * Technology - The Revolution Continues "DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DXWorldExpo has organized these issues along 10 tracks with more than 500 of the world's top speakers coming to Istanbul to help change the world." There are 10 tracks running throughout the event and following the major themes. More than 500 breakout sessions will be featured, along with keynotes and general sessions from some of the world's top technology, business, and societal leaders. The event will be held over five days in Istanbul, reflecting the global nature of Digital Transformation and the city's long and historic role as a key business and intellectual center and linchpin between East and West. Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) DX World Expo's Global Themes and Tracks are as follows: Technology - The Revolution Continues DX Tech: Data-Driven Global 2000 DX Econ: Software is Rewriting the World DX Society: Environment Call for Papers -speaking opportunities- as well as sponsorship and exhibit opportunities will open on November 1, 2017. World's Most Important Tech Event Gaining a better understanding of customers and acting upon this information is the foundation of Digital Transformation (DX) in the enterprise. Applying the latest technologies in this area is the key to driving new topline revenue opportunities. Global 2000 companies have more than US$40 trillion in annual revenue - more than 50% of the world's entire GDP. The Global 2000 spends a total of US$2.4 trillion annually on enterprise IT. The average Global 2000 company has US$11 billion in annual revenue. The average Global 2000 company spends more than $600 million annually on enterprise IT. Governments throughout the world spend another US$500 billion on IT - much of it dedicated to new Smart City initiatives. There are more than a dozen Global 2000 companies in Turkey, including Isbank, Garanti Bank, other financial institutions, Turk Telecom, Turkcell, Turkish Airlines, and ENKA. Cloud Expo | DXWorldEXPO 2018 New York Cloud Expo | DXWorldEXPO 2018 Silicon Valley Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) More Management Quotes "As a report from the World Economic Forum and Accenture recently stated, 'Companies need to fundamentally change the way they identify, develop and launch new business ventures.' We agree," said Carmen Gonzalez, president of DX World Expo, LLC. "Digital Transformation is the key issue driving the global enterprise IT business," said Roger Strukhoff, Conference Chair and Executive Director of the Tau Institute for Global ICT Studies. "DX is most prominent among Global 2000 enterprises and government institutions. Our new event in Istanbul brings together the top companies and delegates from around the world, who are transforming the world." 2018 Conference Agenda and Tracks, June 5-7, Javits Center Track 1 | Cloud Expo - Enterprise Cloud Cloud Expo covers all of these tools, with the most comprehensive program and more than 120 top world-class speakers throughout our Industry presenting Keynotes, General Sessions, Breakout Sessions along eight focused tracks, as well as our signature Power Panels. Our expo floor brings together the world's leading companies throughout the world of Cloud Computing, DX, and all they entail. As your enterprise creates a vision and strategy that enables you to create your own unique, long-term success, learning about all the technologies involved is essential. Companies today not only form multi-cloud and hybrid cloud architectures, but create them with built-in cognitive capabilities. Cloud-native thinking is now the norm in financial services, manufacturing, telco, healthcare, transportation, energy, media, entertainment, retail and other consumer industries, as well as the public sector. Cloud Expo is the world's most important, independent event where technology buyers and vendors meet to experience and discuss the big picture of Digital Tranformation and all of the strategies, tactics, and tools they need to realize their goals. Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) Only Cloud Expo brings together all this in a single location:
Attend Cloud Expo. Build your own custom experience. Learn about the world's latest technologies and chart your course to Digital Transformation. 21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Download Show Prospectus ▸ Here Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS - software, platform, and infrastructure as a service. With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation. 2018 Conference Agenda and Tracks, June 5-7, Javits Center Track 1 | Cloud Expo - Enterprise Cloud Cloud Expo | DXWorldEXPO 2018 New York Cloud Expo | DXWorldEXPO 2018 Silicon Valley Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) Download Show Prospectus ▸ Here Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Cloud Expo is the single show where technology buyers and vendors can meet to experience and discus cloud computing and all that it entails. Sponsors of Cloud Expo will benefit from unmatched branding, profile building and lead generation opportunities through:
For more information on sponsorship, exhibit, and keynote opportunities, contact Carmen Gonzalez by email at events (at) sys-con.com, or by phone 201 802-3021. The World's Largest "Cloud Digital Transformation" Event @CloudExpo | @ThingsExpo 2017 Silicon Valley @CloudExpo | @ThingsExpo 2018 New York Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) Sponsorship Opportunities Sponsors of Cloud Expo | @ThingsExpo will benefit from unmatched branding, profile building and lead generation opportunities through:
For more information on sponsorship, exhibit, and keynote opportunities, contact Carmen Gonzalez (@GonzalezCarmen) today by email at events (at) sys-con.com, or by phone 201 802-3021. Secrets of Sponsors and Exhibitors ▸ Here All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-4, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation. Delegates to Cloud Expo | @ThingsExpo will be able to attend 8 simultaneous, information-packed education tracks. There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content. Join Cloud Expo | @ThingsExpo conference chair Roger Strukhoff (@IoT2040), October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, for three days of intense Enterprise Cloud and 'Digital Transformation' discussion and focus, including Big Data's indispensable role in IoT, Smart Grids and (IIoT) Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) Digital Transformation in Vertical Markets. Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite) Financial Technology - or FinTech - Is Now Part of the @CloudExpo Program! Accordingly, attendees at the upcoming 21st Cloud Expo | @ThingsExpo October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, will find fresh new content in a new track called FinTech, which will incorporate machine learning, artificial intelligence, deep learning, and blockchain into one track. Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses. FinTech brings efficiency as well as the ability to deliver new services and a much improved customer experience throughout the global financial services industry. FinTech is a natural fit with cloud computing, as new services are quickly developed, deployed, and scaled on public, private, and hybrid clouds. More than US$20 billion in venture capital is being invested in FinTech this year. @CloudExpo is pleased to bring you the latest FinTech developments as an integral part of our program, starting at the 21st International Cloud Expo October 31 - November 2, 2017 in Silicon Valley, and June 12-14, 2018, in New York City. @CloudExpo is accepting submissions for this new track, so please visit www.CloudComputingExpo.com for the latest information. Speaking Opportunities The upcoming 21st International @CloudExpo | @ThingsExpo, October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY announces that its Call For Papers for speaking opportunities is open. Submit your speaking proposal today! ▸ Here About @CloudEXPO and @DXWorldEXPO @CloudExpo® and @ThingsExpo® are registered trademarks of CLOUD EXPO INC. DXWorldEXPO® is a registered trademark of DX WORLD EXPO LLC. Reader Feedback: Page 1 of 1
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