Greece Is Slowly Cutting Itself Off From The Internet In Attempt To Save Its Economy
If this keeps up unabated, Greek businesses that have entirely Greek customers but rely on foreign services - like a local newspaper that sells subscriptions via Paypal - will need to seek a new payment solution. It's already impossible to activate a new iPhone, even if you're using Cosmote, the major Greek service provider.
No, that's a futurist pipe dream. As the notorious Canadian crypto-savant Vitalik Buterin said on a Reddit thread about the referendum, Bitcoin is really more of a place to hold your money as a store of value so you can flip it when the chaos dies down. The online Bitcoin community has been buzzing about what the Greek crisis means for the future of currency, but will Bitcoin sweep in and be a new alternative Greek currency?
After the wave of support from Andreessen and others, Papadopoulos rushed to create a site called ZeroFund to help more Greek founders who are cryptocurrency gains taxable foxholed away by capital controls get access to hosting, domain registry and ads.
We believe that an API-first approach to development improves our code quality and empowers our developers. Lob is an API company. That means that our external product offerings are cryptocurrency gains taxable all APIs and all our internal tools are also APIs.
While volume relates to the number of assets exchanged within a certain period, liquidity is basically the degree to which the asset can be quickly bought or sold without causing too much impact on the price.
Rather than creating a library or module, developers can consume the necessary functionality via API. Having developers consume all functionality through an API enforces separation of concerns and hides internal complexity. The idea that a piece of shared functionality for your organization should be exposed as a RESTful HTTP API to your developers.
For example, if each unit of a cryptocurrency is being traded at $10.00, and the circulating supply is equal to 50,000,000 coins, the market capitalization for this cryptocurrency would be $500,000,000.
Those who favor the stagnation hypothesis point out that, other than computing, most fields have seen only modest, incremental improvements. Our cars, planes, factories, food supply, antibiotics, and so forth are just improved versions of what we had in, say, 1960.
The Internet isn't the global, decentralized democracy it might seem. (Unless they just spy on foreign nations.) The Internet is a global network, sure, but everything that exists on the Internet is hosted in a physical place in one country or another. It's one of the reasons there's so much foreign panic around the Snowden revelations - the NSA can only issue requests for data from companies that keep their data in the U.S.
Even Greek websites that are hosted in other countries can't continue paying their bills and face a shutdown. And the most dire consequence for Greece is that some Greeks now can't do business with other Greek people if the payments have to move across servers outside the country. So when you keep people from moving money through other countries, services that are available globally but live in certain countries just stop working.
With control over the email accounts, they reset the login for a Bitcoin exchange and stole the $12,800 in three separate transactions. Once the attacker had access to the Bitinstant domain, he redirected the DNS to servers in Germany and then to the Ukraine, locking out the Bitinstant employees and gaining access to their email accounts. Getting access to the Bitcoin exchange proved simple because of a lack of two-factor authentication - all the thieves needed was a username and password.
One of the most basic examples is decoupling the front and back ends of a web application. This makes it much easier for developers to create consumer facing APIs using the same back end. In this case an API is created to house the business logic and data access (the back end). It is only responsible for communicating through a RESTful interface with the front end.
Or as he and Patrick Collison wrote in The Atlantic: On the other hand, when I brought up this idea on a panel discussion with Michael Nielsen, he rejected an oversimplified low-hanging fruit analysis, pointing out that when we discover new fields, such as computer science, they open up whole new orchards of low-hanging fruit.
So, it does not represent how much money is in the market. While the market cap may offer some insights about the size and performance of a company or cryptocurrency project, it is important to note that it is not the same as money inflow. This is a common misconception because the calculation of market cap is directly dependent on price, but in fact, a relatively small variation in price may affect the market cap significantly.
While some Greek tech developers are fleeing the country en masse - one called Greece a tech developer "graveyard" - others are asking for the Internet's version of foreign aid. Alternatives are cryptocurrency gains taxable springing up. Greek startup founder Panos Papadopoulos built an online form for Greek startups so that they could apply for foreign supporters to cover their costs, catching the eye of Internet godfather and tech investment kingmaker Marc Andreessen.
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