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Many months after the 1m in Bitcoin had been exchanged on BitInstant, regulators ruled that the exchange was subject to the same regulations of all currency exchanges and needed to obey AML rules around reporting of suspicious transactions, verifying the identity of their customers and so forth. Ethereum, the DAO, AI and Risk.
For a time, the price of Ether kept well ahead of the difficulty increase, but the profit margins are getting slimmer by the day. On May 29, the Ethereum difficulty level surpassed 500 THash/s for the first time, but on July 2, the network requirements.
It really is better than any form of currency currently in use. Yes it's new, and that has drawbacks. The economy is small, but it's growing fast. It's volatile, one rich person can buy enough bitcoins to make the price fluctuate. If a major government.
In sense, code may no longer be law. How we got here For those who may be unfamiliar with The DAO, heres a quick recap of the story so far. Launched in April, The DAO was designed as a series of contracts that would raise.
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