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Bank of America CEO Says “We Have The Most Blockchain Patents”

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While the platforms that most cryptocurrencies run on are open source, Bank of America CEO Brian Moynihan recently claimed that the company has more patents than anyone else in the blockchain space.

In an interview with Yahoo Finance at the recent World Economic Forum in Davos, Switzerland, Moynihan said, “We have more patents, I think, than almost anybody in blockchain.”

“We believe in the idea of distributed ledgers, and smart contracts, and all the words you hear about that. We are developing stuff… But it’s not new concepts. The Registry of Motor Vehicles is a distributed ledger. We know who owns a car, we know who owns a house. The idea is that you can do it more electronically, and can do it across borders. The question of an anonymous currency, that’s a policy question that people have to answer but the idea of digital movement of money, and blockchain, we’re all for.”

A spokesperson for Bank of America told Yahoo Finance that the company has 48 patents related to blockchain. A Google patent database search shows that Bank of America owns 27 patents containing the word “blockchain,” 36 for “bitcoin” and 39 under “cryptocurrency.”

Moynihan shares the sentiments of many in the banking industry who hate anonymous cryptocurrency, but see potential in the blockchain technology that makes it possible. As with any technology, this is a tool, which could be easily used in our favor or against us. That is why the battle for the blockchain and the race to innovation is so important.

If used by the people and for the people, blockchain technology could allow us to create financial systems that are resistant to inflation, centralization, and control. But in the banker’s hands, it could create the dystopian nightmare that cryptocurrencies set out to prevent.

As James Corbett eloquently said in his recent report, The Bitcoin Psyop, “Yes, the blockchain is truly revolutionary. Yes, bitcoin is Tulipmania 2.0. Yes, cryptocurrency is a nail in the coffin of the bankster parasites. Yes, digital currency is a tool of the totalitarian tyrants. No, these statements are not contradictory.”

It is a complex issue that takes daily study to understand and keep up with, but the following report gives a great introduction to the war between decentralization and control that exists in the blockchain landscape.

The banks understand that their whole existence is at stake, so they are working to ride the tides as best as they can and steer the innovation of this technology in a direction that suits their needs, which would be a shift away from anonymity and decentralization. If central banks are able to run a monopoly fiat currency on a blockchain, they will have more power and control than ever. It is highly possible, almost guaranteed, that these interests will attempt to use the force of government to make this happen. Earlier this month, JP Morgan Chase CEO Jamie Dimon predicted that governments won’t allow decentralized cryptocurrencies to continue on for long.

“There will be no real non-controlled currency in the world. There’s no government that’s gonna put up with it for long,” he said.

Luckily, in many ways it seems that the cat is out of the bag and governments will have a resistance on their hands that is growing by the day. When talks of cryptocurrency regulation hit the news in South Korea this month, over 200,000 people signed a public petition condemning the government for attempting to take away the “happy dream” of financial independence for the everyday people.

“Our people have been able to make a happy dream that they have never had in Korea because of virtual money. People are not stupid. … virtual money is invested because it is judged to be the fourth revolution,” the petition read.

Any government in the world would have a serious fight on their hands if they attempted to ban cryptocurrencies, and it would be an extremely difficult policy for them to enforce even if they tried. If one country bans cryptocurrency, the companies, exchanges, miners and online infrastructure will simply move to another country and the people in that country will still be able to use and access cryptocurrencies using VPN’s and anonymous browsers like TOR.


Images stitch: Sashkin/Shutterstock. jejim/Shutterstock.

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Dolphin Swims Through Louisiana Neighborhood in Aftermath of Hurricane Ida

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A Louisiana family was shocked to find a dolphin swimming through their neighborhood in the aftermath of Hurricane Ida.

Amanda Huling and her family were assessing the damage to their neighborhood in Slidell, Louisiana, when they noticed the dolphin swimming through the inundated suburban landscape.

In video shot by Huling, the marine mammal’s dorsal fin can be seen emerging from the water.

“The dolphin was still there as of last night but I am in contact with an organization who is going to be rescuing it within the next few days if it is still there,” Huling told FOX 35.

Ida slammed into the coast of Louisiana this past weekend. The Category 4 hurricane ravaged the power grid of the region, plunging residents of New Orleans and upwards of 1 million homes and businesses in Louisiana and Mississippi into the dark for an indefinite period of time.

Officials have warned that the damage has been so extensive that it could take weeks to repair the power grid, reports Associated Press.

Also in Slidell, a 71-year-old man was attacked by an alligator over the weekend while he was in his flooded shed. The man went missing and is assumed dead, reports WDSU.

Internet users began growing weary last year about the steady stream of stories belonging to a “nature is healing” genre, as people stayed indoors and stories emerged about animals taking back their environs be it in the sea or in our suburbs.

However, these latest events are the surreal realities of a world in which extreme weather events are fast becoming the new normal – disrupting our lives in sometimes predictable, and occasionally shocking and surreal, ways.

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Mom in LA Suburbs Fights Off Mountain Lion With Bare Hands, Rescues 5-Year-Old Son

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A mother in Southern California is being hailed as a hero after rescuing her five-year-old son from an attacking mountain lion.

The little boy was playing outside his home in Calabasas, a city lying west of Los Angeles in the Santa Monica Mountains, when the large cat pounced on him.

The 65-pound (30 kg) mountain lion dragged the boy about 45 yards across the front lawn before the mother acted fast, running out and striking the creature with her bare hands and forcing it to free her son.

“The true hero of this story is his mom because she absolutely saved her son’s life,” California Department of Fish and Wildlife spokesman Captain Patrick Foy told Associated Press on Saturday.

“She ran out of the house and started punching and striking the mountain lion with her bare hands and got him off her son,” Foy added.

The boy sustained significant injuries to his head, neck and upper torso, but is now in stable condition at a hospital in Los Angeles, according to authorities.

The mountain lion was later located and killed by an officer with the California Department of Fish and Wildlife, who found the big cat crouching in the bushes with its “ears back and hissing” at the officer shortly after he arrived at the property.

“Due to its behavior and proximity to the attack, the warden believed it was likely the attacking lion and to protect public safety shot and killed it on sight,” the wildlife department noted in its statement.

The mountain lion attack is the first such attack on a human in Los Angeles County since 1995, according to Fish and Wildlife.

The Santa Monica Mountains is a biodiverse region teeming with wildlife such as large raptors, mountain lions, bears, coyote, deer, lizards, and snakes. However, their numbers have rapidly faded in recent years, causing local wildlife authorities to find new ways to manage the region’s endemic species.

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Video Shows Taliban Taking Joyride in Captured US Blackhawk Helicopter

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The rapid fall of Kabul to the Taliban has resulted in a number of surreal sights – from footage of the Islamist group’s fighters exercising at a presidential gym to clips of combatants having a great time on bumper cars at the local fun park.

However, a new video of Taliban members seemingly testing their skills in the cockpit of a commandeered UH-60 Black Hawk helicopter shows the chilling extent to which U.S. wares have fallen into the hands of a group it spent trillions of dollars, and exhaustive resources, to stamp out.

In the new video, shared on Twitter, the front-line utility helicopter can be seen taxiing on the ground at Kandahar Airport in southeastern Afghanistan, moving along the tarmac. It is unclear who exactly was sitting in the cockpit, and the Black Hawk cannot be seen taking off or flying.

It is unlikely that the Taliban have any combatants who are sufficiently trained to fly a UH-60 Black Hawk.

The helicopter, which carries a $6 million price tag, is just a small part of the massive haul that fell into the militant group’s hands after the country’s central government seemingly evaporated on Aug. 14 amid the withdrawal of U.S. and coalition troops.

Some 200,000 firearms, 20,000 Humvees and hundreds of aircraft financed by Washington for the now-defunct Afghan Army are believed to be in the possession of the Taliban.

The firearms include M24 sniper rifles, M18 assault weapons, anti-tank missiles, automatic grenade launchers, rocket-propelled grenades and mortars.

Taliban fighters in the elite Badri 313 Brigade have been seen in propaganda images showing off in uniforms and wielding weaponry meant for the special forces units of the Afghan Army.

The U.S. is known to have purchased 42,000 light tactical vehicles, 9,000 medium tactical vehicles and over 22,000 Humvees between 2003 and 2016.

The White House remains unclear on how much weaponry has fallen into Taliban hands, with National Security Adviser Jake Sullivan admitting last week that the U.S. lacks a “clear picture of just how much missing $83 billion of military inventory” the group has.

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