- You’ll be pleased to know Storj isn’t going to lead to cryptocurrency advocates’ illegal porn stashes residing on your computer. Because it doesn’t work. “If you’re an investor in Storj I suggest you spend some time with the product.” The lead developer, bookchin (Gordon Hall) — who is possibly the only person who understands how Storj is supposed to work — left the project last month, describing the work environment as “toxic” (and didn’t get any of that ICO money). “if i could rewrite git history for the sole purpose of not being associated with it anymore, i think i would. i think a few of us would.”
- ICOs as a lemon market: why the quality of ICOs will only get worse and worse. “In such situations, the last ones left holding the assets are normally the investors acting on medium/long term horizons, and who may also be least able to afford the losses.” This is an extract from a marvellous paper, Economics of Initial Coin Offerings by Avtar Sehra, Phil Smith and Phil Gomes that everyone here should go and read now.
- The hazards of crypto reporting: “a person posted that he spent all of his assets on BTM and promised to kill the CEO and the rest of us at 8btc if BTM disappointed him.”
- As the SEC spoke on ICOs in the US, so too in Canada. And in China, which is actually the big news — remember that most crypto market activity is still in China, and it’s sufficiently pathological that the exchanges are calling for regulation.
- Dubai property and bitcoins: this tweet will be a blog post in a week or two, I’ll be talking to the people involved about the precise details of what this in fact is. Leaving the house and talking to people, in my blog? It’s more likely than you think.
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