You can't stop things like Bitcoin. It will be everywhere and the world will have to readjust. World government will have to readjust" - John McAfee (Founder - McCafe)
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The dollar rose 6 cents and ended at $ 20.27
In the wholesale segment, the currency closed at $ 19.85 buyer and $ 19.95 seller, in a wheel marked by high volatility
The dollar advanced 6 cents today and ended at $ 19.73 for the purchase and $ 20.27 for the retail sale and reached its maximum value in the week, although still below the record of $ 20.35 last February 9 .
In Bank Nation, the dollar was $ 19.70 and $ 20.20 for the purchase and sale, respectively. While in the informal segment, the blue closed at $ 20.31 for the sale and returns to the average price of the official price.
For its part, in the wholesale segment, the currency traded at $ 19.85 and $ 19.95 seller, two cents above yesterday's close.
"With just one day ahead to finish the week, the exchange rate registers an advance of 19 cents and is about to recover the fall of the previous week," said Gustavo Quintana, PR de Corredores de Cambio.
"The retail dollar is still trading below the record of $ 20.35 on February 9"
Quintana said the wheel had an activity with "many ups and downs." "The North American currency operated without defining trends until the last half hour of operations when prices approached the values of the beginning," he said. That is why the wholesale dollar touched during the operating minimum of $ 19.89 and maximum of $ 19.96.
The volume traded in the cash segment reached US $ 692.7 million and US $ 12 million in the MAE futures market. In the Rofex futures, US $ 1,070 million were operated, of which more than 45% was operated at the end of February at $ 20.05, while the longest term was May at $ 21.10. The terms were with average increases of five cents, more than cash.
Bitcoin Myth Busting - Areas You Need to Pay Attention
Blockchain has the potential to be and will be in my estimation a huge disruptive force that will user in new markets products and opportunities for our economy. In short, I believe it will spur a revolution that is bigger than the advent of the internet. There is a lot of hype generated from these platitudes and is literally frothing from the mouth from this explosive growth. I mean not only from Bitcoin but from across the entire spectrum of blockchain technologies. So in the interest of reason, it is absolutely necessary that a healthy bit of skepticism and using some critical thinking combined with really some serious research to unwind all of this and get a better perspective and I'm here today to bust a number of myths some of which quite frankly I am guilty of inadvertently perpetuating.
So let me first state the areas where I think blockchain is good, I mean in revolutionary. You always have to provide some kind of a little bit of a balance here. So first of all, I think that it reduces the need for trust between actors and by actors. I mean people or systems that require the trust to engage in transactions of just about any type it provides a framework to build a secure value transfer system. Whether that is a currency or any other type of security it's also gonna help streamline business processes or across a wide range of markets and in fact it's gonna enable new markets to emerge and that's huge. I think there's going to be the biggest long-term impact of this blockchain technology or similar technologies and finally, it will increase transparency and the ease at which we can audit system without the need for highly specialized tools or people or highly trained people. In other words, anyone will be able to tell whether or not you're truthful or righteous in your work history anything that you put into that blockchain. I mean we're gonna evolve from the need to pledge not to be evil to a world where you simply can't be evil well. This I'm gonna slightly bust that myth as well.
Let's get on to busting some of the myths surrounding blockchain. Now the number one myth of blockchain is that they are trustless and I am absolutely guilty of perpetuating this myth but when I thought about it block chains always require at least some degree of trust. I think it would be better to say that block change drastically reduce the need for trust make sure we can trust cryptography used to validate chains. You know from one block to the next but we also have to trust the operators and the validators that could potentially manipulate the rules of consensus and a lot of people don't really think about that or realize what that really means the problem is that.
There's little or no governance model and while it's not necessary for all use cases of the blockchain there are certainly many of those that would require a third-party arbitrator. So, for instance, what would you do if we inadvertently lost a lot of money or a lot of value in that blockchain there should be some kind of reconciliation mechanism. Currently, in Bitcoin, that's certainly not possible. I mean if you lose millions of dollars it's gone unless you can come up with your private key. So myth number two block chains are immutable. So in other words what's written in a blockchain might as well have been written in stone.
Now, this is so false some blockchains have replay features and transactions can actually be reversed or you could do say a fork and go back in time in adopting a and ignore certain transactions and start from a different transaction point. The real question is whether it can be reversed without your knowledge or consent and I pose that if it can be reversed at all then it's possible it can be done without your knowledge or consent and that's bad transactions could also be reversed or led down a specific path through the collusion of nodes. And when I say nodes what I'm really referring to our miners and maybe the miners in collusion. Now, this ability depends on how well the network and its participants are decentralized. So, in other words, the stronger the decentralization the more people that participate with the greater duplicity or multiplicity of roles on a whole the stronger that that network is and the less likely it is that data can be compromised.
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