If you’re wondering “What is blockchain” (also known as “block chain”), you’re not alone. Unless you’ve been following Bitcoin, you may only be hearing the term “blockchain” for the first time now, as it’s been in the news lately.
A Federal court has ruled this week that the National Security Agency’s (NSA) Bulk Telephony Metadata Program (BTMP), is unconstitutional, putting the final nail in the coffin of this iteration of the NSA’s cellphone snooping.
As a companion piece to our article on Bitcoin ATMs and Colorado’s new local currency, the COjack, here is a fantastic, plain English local currency definition and explanation of how local currency works, provided exclusively to the Internet Patrol by Dr. Stephen J. Schmidt, Professor of Economics at Union College in Schenectady. A huge thank you to Prof. Schmidt for this!