A Quote by John Collison
The Internet is a testament to a connected system that works - it's a global network where any computer can reach another, and easily transfer information across.
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What, exactly, is the internet? Basically it is a global network exchanging digitized data in such a way that any computer, anywhere, that is equipped with a device called a 'modem', can make a noise like a duck choking on a kazoo
The human brain works as a binary computer and can only analyze the exact information-based zeros and ones (or black and white). Our heart is more like a chemical computer that uses fuzzy logic to analyze information that can't be easily defined in zeros and ones.
The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge USD 0.005 (half a cent) for some simple service like, say, reading a newspaper article you have searched for. With today's payment system, the cost of the transfer of the funds completely dwarf the cost of the service paid for. ... This situation, however, is what acutely prevents the Internet from taking off as a network for paid services.
If you ask anybody at Cyber Command or look at any of the job listings for openings for their positions, you'll see that the one thing they don't prioritize is computer network defense. It's all about computer network attack and computer network exploitation at Cyber Command.
When we talk about computer network exploitation, computer network attack, we're not just talking about your home PC. We're talking about your cell phone, and we're also talking about internet routers themselves. The NSA is attacking the critical infrastructure of the internet to try to take ownership of it. They hack the routers that connect nations to the internet itself.
The Internet has been seen in the West as the quintessential expression of the free exchange of ideas and information, untrammeled by government interference and increasingly global in reach. But the Chinese government has shown that the Internet can be successfully filtered and controlled.
Everything that works on the Internet depends on a lot of people collaborating, but there's also these rules that you see across all the really successful platforms. Many, many, many more people consume the information or benefit from the information than actually contribute the information.
The way the textbook works is you have gains from trade that should be distributed across all the trading partners. As soon as one bad actor like China massively cheats, they win at the expense of us; they win at the expense of Europe, and over time, it threatens the entire integrity of the global financial system and the global trading system.
Bitcoin is a peer-to-peer, decentralized form of money, as durable as the Internet itself. Remember, the Internet - or DARPA, as it was originally called - was created as a fail-safe, global network with no 'single point of failure.' If one part goes down, data takes another route, and nothing is lost.
I am in a traditional financial services business - but we at Fidelity can see that the evolution of technology is setting our industry up for disruption. What if this technology could do for the transfer of value what the Internet did for the transfer of information?
The real issue is control. The Internet is too widespread to be easily dominated by any single government. By creating a seamless global economic zone, anti-sovereign and unregulatable, the Internet calls into question the very idea of a nation-state.
Our information network is much better protected than our railroad network, and someone who cracks a system is able to cause far less human damage than someone who derails a train. Why, then, has 'computer crime' caused so much hysteria? Perhaps because the public is so willing - eager, even - to be scared by bogeymen.
The language of the internet is English, and an overwhelming proportion of the global computer chatter also originates from America, influencing the content of global conversation.
We have to ensure free and open exchange of information. That starts with an open internet. I will take a backseat to no one in my commitment to network neutrality. Because once providers start to privilege some applications or websites over others then the smaller voices get squeezed out and we all lose. The internet is perhaps the most open network in history, and we have to keep it that way.
In the Restoring Internet Freedom Order, the FCC strengthened its transparency rule so that Internet service providers must make public more information about their network management practices. They are required to make this information available either on their own website or on the FCC's website.
Bitcoin is two things which share a name. One, it's a payment system, and two, it's a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.
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