As a result of inflation, the purchasing power of a unit of currency falls. For example, if the inflation rate is 2%, then a pack of gum that costs $1 in a given year will cost $1.02 the next year. As goods and services require more money to purchase, the implicit value of that money falls.
It also addresses signature malleability, by moving signatures out of the transaction data, making them impossible to change. The transaction ID is no longer malleable. This makes bitcoin safer to use with Lightning Network, a way to speed up small payments by bundling them and only writing to the blockchain at the beginning and end of their execution, which would be (slightly) risky while the malleability problem still exists.
Most forfeitures (69 percent) take place during traffic stops and most of the time only money is seized. According to the state report, cash was taken in 99 percent of forfeitures during 2016, with the median seizure amounting to only $1,031.
That means, in many cases, the amount seized was considerably less than four-figures. In one instance, the report shows, police took $16 from a motorist.
WASHINGTON—The Securities and Exchange Commission is preparing to examine as many as 100 hedge funds focused on cryptocurrencies, according to a person familiar with the matter.
The initiative is separate from the dozens of enforcement investigations already under way, which largely target initial coin offerings, or digital tokens that startups offer in exchange for investments. The SEC has pushed aggressively to police the unregulated world of ICOs, saying that many token deals flout investor-protection laws.
On 26 September 1983, the nuclear early warning system of the Soviet Union reported the launch of multiple USAF Minuteman intercontinental ballistic missiles from bases in the United States. These missile attack warnings were correctly identified as a false alarm by Stanislav Yevgrafovich Petrov, an officer of the Soviet Air Defence Forces. This decision is seen as having prevented a retaliatory nuclear attack based on erroneous data on the United States and its NATO allies, which would have probably resulted in immediate escalation of the cold-war stalemate to a full-scale nuclear war. Investigation of the satellite warning system later confirmed that the system had malfunctioned.
Actors who hung out there gossiping about other actors discovered that Broadway shows that lasted, say one hundred days, had a future life expectancy of a hundred more. For those that lasted two hundred days, two hundred more. The heuristic became known as the Lindy Effect.
Let me warn the reader: while the Lindy effect is one of the most useful, robust, and universal heuristics I know
The mighty conflicts between Zerg, Protoss and Human are now the stuff of high literature, as Blizzard Entertainment has landed a short story about Starcraft in the Spring 1999 issue of Amazing Stories.