Have you ever taught about bad things happening to you or your children in your local park? When you go running at dusk, have you ever felt eerie about the route you’re taking? Did you ever think there would be a better way to facilitate safety in your local community? You probably have, just like […]
Yes, the world we live in is changing rapidly at an ever increasing pace. Technological advancements bring more and more opportunities to our modern society. Economies grow, collapse and grow again while new ones are being made digitally as we speak. The Digital Economy Programme is an interdisciplinary research council programme aimed at providing more […]
“When banks extend loans to their customers, they CREATE money by crediting their customers’ accounts.” – Sir Mervyn King In this animated documentary artist Paul Grignon creates an interesting point of view when it comes to mortgages, debts and our money system. How can we loan so much money that does not even exist? And, how is […]
Posted on 14 April 2014.
We probably don’t have to tell you that the World Wide Web has changed the way our modern society works and thinks in many different ways. Ever since the very first website back in 1992 up to the digital currency revolution that is going on right now, the internet changed the way we work, how […]
Posted on 14 March 2014.
Despite the rise of bitcoins and other digital payment methods, many people still prefer to use cash. Unfortunately for these people, the digital age isn’t very cash friendly. Companies like PayNearMe have noticed this trend and are rushing to provide a way to pay for internet purchases using cash. Companies that accept PayNearMe will list […]
Posted on 09 March 2014.
Millions upon millions of financial transactions take place every day online. Economists and technology experts agree this number will only increase as businesses and consumers take advantage of the convenience of conducting business online. With the amount of personal data being transferred via the internet, privacy is a necessary concern. No one wants his bank […]
Posted on 02 March 2014.
How in the world do you connect the concept of Bitcoins – an uprising form of digital currency marked by it’s decentralized system – to selling/buying medical Marijuana in the United States? Well, it happened at the start of this year when the U.S. government decided to ban credit card payments for pretty much every […]
Posted on 01 March 2014.
The beginning of 2014 saw a decline in global stock markets causing some investors to fear a collapse. The Economist reports this is only a “wobble” not a complete downward spiral. The article goes on to say that the global economy is too reliant on the United States’ stock market, which saw a significant halt in financial […]
Posted on 19 February 2014.
The International Chamber of Commerce (ICC) is a major player in the global economy. From its headquarters in Paris, the ICC facilitates and promotes international trade. Since so much international trade is conducted via the internet, ICC has formed a commission on the digital economy. This commission works with members in 50 countries to develop […]
Posted on 14 February 2014.
The major draw of bitcoins for consumers is that they are decentralized, meaning the transaction fees are much lower than those of a bank or credit card processing company. Large amounts of money can be sent across the globe in 10 minutes for only pennies. Bitcoin users also have the option of paying higher fees […]
Posted on 13 December 2013.
Bitinstant CEO Charlie Schrem was arrested in January for drug trafficking on Silk Road an online black market that allowed for transactions using bitcoins. Federal agents shut down Silk Road in October and investigations are ongoing. More information on the investigations can be found in The Guardian’s The man behind Silk Road article. Since October, the future […]
Posted on 12 November 2013.
When using social networking services or simply posting a comment on a website, best practice is to assume that everyone will find out about it. An off color remark posted in a forum could easily find its way to Facebook or Twitter. Celebrities and politicians have found themselves thrust into headlines after the wrong picture […]
Posted on 07 September 2013.
Bitcoins are completely digital currencies that are not regulated by financial institutions. As such, they can be used globally and converted into Euros, British Pounds, US Dollars, or any other world currency. Users access bitcoins through a digital wallet. Initially, a user will need to accept bitcoins as a payment for services or purchase bitcoins […]