What is #ConsenSys & its Relationship to Ethereum? #Blockchain Explained with Joe Lubin – #1
In this series the co-founder of #Ethereum, Joseph Lubin talks about key concepts in blockchain technology, Ethereum and ConsenSys.
This first video focuses on ConsenSys, the company he founded after the birth of Ethereum, with the goal of, “Decentralizing Everything!”
ConsenSys is a global, decentralized organization which builds software and products on the blockchain. Services range from regulatory & enterprise consultation to capital markets but ConsenSys is also impacting various educational and social movements at the local level.
Joe also discusses how payments are just the first good use case for blockchain technology which opened up a new “trust foundation” for developers to build a new breed of applications or decentralized applications (dapps) with functions far greater than current applications. Joe Lubin also talks about his vision for the future of decentralization.
To learn more about ConsenSys check out: https://youtu.be/onAw-AWy4_g
Official website: https://consensys.net/
Connect with Joe on Twitter: https://twitter.com/ethereumJoseph
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SinglePoint and First bitcoin Capital partner up to solve payment problems in the legal marijuana industry by releasing a point of sale app.
High Priority Issue for the Legal Marijuana Industry
One of the lesser documented reasons for the rise of bitcoin’s price is the role it plays in the legal marijuana industry in the United States. The problem is that US local and federal law are at loggerheads over the legality of the money raised from the selling of legal cannabis products.
While the tender may be legal in 29 states, it still remains illegal under federal law. This creates issues for point of sale and also where to deposit profits. This has provided a role for bitcoin as an intermediary and as a potential store of value, with the legal cannabis industry having sales of $8 billion in 2016 you have to wonder where this money is being stored and where it is being invested.
SinglePoint + First bitcoin Capital = Fast Solution?
There is now tremendous momentum and demand for bitcoin acceptance as an alternative form of payment. In a this past Tuesday, SinglePoint CEO Greg Lambrecht stated:
This Joint Venture with First bitcoin Capital is perfect timing. bitcoin payments are catching on and cannabis dispensaries need a solution fast.
brings their expertise in distribution while provides their knowledge and experience with bitcoin and blockchain technology. The partners plan to distribute their offering as a downloadable application for point-of-sale machines. Hopefully, the companies will provide a relatively swift solution to Bitcoins transaction speeds.
The offering would compete with other innovations such as cashless ATMs and dedicated prepaid cards.
Bitcoinist has followed the use of bitcoin in the industry since it became legal to buy cannabis in Washington, how bitcoin is just ‘‘ for transactions and an of how bitcoin mixes with cannabis industry.
Will bitcoin provide a better solution for the purchase of Cannabis products in the US? Let us know in the comments below.
In this series the co-founder of #Ethereum, Joseph Lubin talks about key concepts in blockchain technology, Ethereum and ConsenSys. 
