Google Searches for Bitcoin up Over 400% in Venezuela Over the Past Week (The Cryptoverse #174)
On Today's Episode Of The Cryptoverse:
The economy of Venezuela has been shred apart by a financial crisis resulted from the local government’s decision to demonetize the nation’s largest denomination banknote. Meanwhile people begin mining Bitcoin to spend.
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Sources:
Cryptocurrency Prices Provided by CoinMarketCap.com
The Bitcoin Price Chart Provided by BitcoinWisdom.com
The Original Article on Bitcoin.com
Google Trends Data for Bitcoin in Venezuela
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/me sips coffee
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I had quite an interesting thought inspired by your commentary on the Federal Reserve. A small group of people can't deal with all the information. This reminded me of 'big data' and the methods business are using to analyse data using deep learning algorithms. So, what if we were to set up a deep learning AI system of mimicking the Federal Reserves role. How could we trust that it wouldn't be manipulated? That was my first thought. The answer that sprang to mind was a blockchain ledger of the actions and variable changes that occured to the 'deep learning' algorithm that all the stakeholders created. That blockchain would contain the consensually agreed changes to algorithm, so that no-one could manipulate the algorithm for their own agenda. It sounds so crazy it just might work! LOL ;-)
-edit-
I like the subdued, revolutionary subtext, of your cryptoversity agenda. :-)
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