The CoinGeek Pulse Episode 28: Tim Berners-Lee wants to reinvent Web, ECB calls for BTC regulation, earn Bitcoin with Haste

The CoinGeek Pulse Episode 28: Tim Berners-Lee wants to reinvent Web, ECB calls for BTC regulation, earn Bitcoin with Haste

This week, we look into the internet’s iconic personalities, the unending regulatory saga of BTC, and a new Bitcoin-powered mobile game that is reminiscent of the old but still gold “Flappy Bird.”

Three decades after pioneering the early internet, World Wide Web inventor Tim Berners-Lee is looking at remaking the digital space. In a media interview, Berners-Lee said, “People are fed up with the lack of controls, the silos.” He added, “It’s the lack of empowerment, they want to do stuff, they want to collaborate with people.”

With his new start up ‘Inrupt,’ the British computer scientist is now realizing his ambition of building a better internet—the web that he admits to have originally wanted. His vision will enable person-to-person sharing and collaboration, and a single sign-on for any service while leaving the user in control of its own data. Sounds like Bitcoin? Yes, it does. However, it isn’t. Berners-Lee will be using ‘PODS’ or personal online data stores that will be his key ingredient to remaking the internet.

This vision and all these features TBL is working on to rebuild the internet have already arrived with the advent of Bitcoin and the Metanet. The single-sign on idea alone for Inrupt is a feature of Maxthon’s Vbox—the Bitcoin based identity system released last year. Metanet, on the other hand, is a “value network” created on the Bitcoin blockchain that will serve as a secure alternative to the Internet but with a built in micropayments functionality allowing practically free frictionless commerce online.

This, according to Bitcoin inventor and Metanet creator, nChain Chief Scientist Dr. Craig S. Wright, is where the “Internet becomes a sidechain to the Bitcoin blockchain.” 

In a micro world within the World Wide Web, Twitter founder Jack Dorsey shares his passion for Bitcoin or BTC? It is hard to tell. Dorsey’s tweets came after his platform banned former U.S. President Donald Trump on Twitter for political reasons.

Describing the decision as “a company making a business decision to moderate itself,” Dorsey noted that it felt like a “government removing access.” Instead, he suggested Bitcoin represents a better model of “what the internet wants to be, and over time, more of it will be.”

Speaking of Bitcoin, the European Central Bank (ECB) has called for BTC’s greater global regulation.

According to reports, ECB chief Christine Lagarde said criminals worldwide are increasingly using the digital currency. She did not, however, mentioned any specific case. In her recent media interview, she said that BTC “is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” She added criminals were relying on BTC and patchy regulation to move illegitimate money without oversight or supervision.

The ECB president joins a number of regulators calling for more urgency around globally coordinated regulation of the sector.

In other news, a new fun Bitcoin-powered app is shaking up Twitter and soon, the world.

Haste, the exciting new game where you simply tap as quickly as possible the stimulus or screen and where the lowest score wins, prides itself as the future of Bitcoin gaming. The game rewards its players through its micropayment-based incentive system.

The app serves as a great example of a proof of concept for an effective and powerful incentive mechanism, which developers can integrate into their games and applications. This brings a massive potential for game and app developers to create games that users can enjoy and even monetize.

Bitcoin users are already reaping the rewards with exciting new applications like Haste using the recently launched simplified development kit HandCash Connect. All possible and can only be done on Bitcoin SV.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

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