Have you ever wondered what bitcoin or Cryptocurrency mining is?Did you know that with the tools that you will learn in this workshop you could potentially turn even just a small closet in your home or office in to a virtual "money tree?"Are you tired of going to meetups and not adding any new skill-sets?Do you like working as team on something bigger than yourself? Do you like doing philanthropic things?Do you like to learn interesting things then go back home and try to replicate?If, you can answer yes to any of these questions, then this event is for you.In each session, our instructor will be exploring the science of cryptocurrency mining & Proof of Work (PoW), as well as working hands-on with attendees, as we work as a team to construct our own mini mining farm in our mining lab located at BLOQspace. End goal is to donate mining rigs to local charities to help them access the power of the blockchain and add another revenue stream to their causeAll skill levels are welcome. starting on 2018-08-25 15:00:00
Address:
1116 Basse Road San Antonio United States If you enjoy my photos, you are welcome to #donate #bitcoin to me at: 1Q2LV3bsxZjRBQoRXAXikpUGPCrNeGSUWc By antwerpenR on 2013-08-04 09:28:27
The South African Reserve Bank(SARB), has officially announced its plans to experiment with cryptocurrency and bitcoin regulations.
Adopting Digital Currencies
Back in February 2017, the South African Reserve Bank the possibility of issuing a digital currency based on the blockchain technology. The SARB was actively observing countries that had issued their own digital currency. To date, was the only country that had officially launched a digital currency based on blockchain technology, the eDinar.
The SARB believes that a national cryptocurrency could greatly benefit South Africa, as its usage would strongly speed up transactions and lower fees. Tim Masela, head of the National Payments System at the SARB, stated:
If we go the route of issuing a digital currency, the objective would be to take advantage of emerging technologies so that we reap the benefits,[…]We foresee that these benefits could be realised, which would be good for the transacting public. But of course, the risks have to be borne in mind as well and that’s what we want to balance.
Experimenting With Regulation
According to a recent , the central bank decided to plan an initial trial for regulations tests for blockchain and cryptocurrency services. On July 19, Bankymoon, a blockchain solutions provider, announced that it was in talks with the South African Reserve Bank for a regulation test. Loerien Gamaroff, CEO of Bankkymoon noted following regarding the sandbox trial:
All we are doing at this point is seeing how far this relationship will go on within this sandbox,
He also added:
This is because the Reserve Bank is very hesitant to give a stamp of approval on anything that comes out. The sandbox will only be bitcoin-focused during this initial phase, but is focused on applying broad regulations to all cryptocurrencies,
Playing the Blockchain Game
The SARB might not be the only bank that is currently experimenting with blockchain technology. In a recent , the state bank of announced that it deployed an information network that is based on blockchain technology. The network was deployed in order to make registration of bank guarantees and their issuance easier and faster for banks.
What are your thoughts on this blockchain regulation trial by the SARB? Do you think that it will benefit the South African cryptocurrency market? Let us know in the comments below!
bitcoin News US Federal Court Fines bitcoin Ponzi Schemer Over $2.5 Million A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving […]
News Could centralized government become obsolete with blockchain? Blockchain technology could be implemented in government institutions to streamline and remove a lot of bureaucracy, but could it also replace the government as a central institution […]
