- I’m doing an event on Thursday afternoon — “How To Launch A Successful ICO,” presented by TopLine Comms. The target audience is businesses looking to raise funding. I’ll be discussing why you’d better do everything absolutely properly, and talking a bit about KodakCoin (one of the case studies). It’s free, but you have to register. All three panelists are called David.
- Jay Clayton from the SEC extends the offer of help — “Come see us” if you want to do an ICO.
- The CME Group is running Bitcoin futures, and asked exchanges for Bitcoin trading data. The exchanges wouldn’t give it to them — so when the CFTC came calling, CME couldn’t give them the data. So the CFTC is demanding it directly from the exchanges as part of their criminal investigation into Bitcoin market manipulation. “The fight over access to bitcoin trading data was a factor in the CFTC opening an investigation into whether traders have colluded to manipulate bitcoin prices, people familiar with the matter said.”
- KodakCoin’s pre-ICO buyer, Global Blockchain, is trying to apply sufficient thrust to make this pig fly — six National Basketball Association or National Hockey League arenas will accept this as-yet-nonexistent crypto token for … something, in the future, when they write some software. The SAFT is currently running!
- I just got passed a document detailing how, while KodakCoin’s first round token offering was fully subscribed at $3,250,000 … the second round token offering was aiming for $6,750,000 — and netted only $880,000. I wonder how the current round — hoping for $73.5m — is going.
- Somebody’s made $20m by scanning across the Internet for copies of Ethereum full-node client geth misconfigured to have port 8545 open. By default, it only listens on the localhost — but, of course, users fiddled with it. This has been going on since March. Be your own bank!
- With everyone running slight variants on the same hashing algorithms, 51% attacks are just a thing that happens these days. The hazards of the altcoin life.
- Even if you go full mathcoin, you have problems like EOS being buggy trash. That’s as well as being literally worthless, of course.
- Blockchain promoters keep pitching the idea of authenticating physical objects on the blockchain. Terence Eden did the obvious, and certified himself on the Verisart blockchain as the artist who painted the Mona Lisa. It’s him now, it’s immutable. “How I became Leonardo da Vinci on the Blockchain.”
"We'll put ownership of IP rights on a blockchain"
Translation: "we want to privatise the IP system, create a monopoly who will charge high, unpredictable fees, and remove any judicial oversight from a system that relies on that to curb the worst abuse".
Make it stop.
— Tom Morris 🏳️🌈 (@tommorris) June 12, 2018
- De Nederlandsche Bank experiments with blockchain technology. It’s not impressed. “Among the principal limitations are capacity shortages, inefficiency caused by high energy consumption, and a lack of full certainty that a payment is completed.”
I was at a housing charrette talking about how to better engage the community in a new building and a CEO who should know better said, "This would be a great use case for blockchain."
— Allison Arieff (@aarieff) April 4, 2018
- The unparalleled experience of using bitcoins to book a hotel room through Expedia. You’ll be relieved to know it’s all the user’s fault, and definitely not anything wrong with the Bitcoin ecosystem, no no no.
- Wikipedia hasn’t taken Bitcoin donations since Coinbase deprecated their payment gateway in late April. You can still rid yourself of the shameful taint of owning BTC, ETH, BCH or ZEC at the Internet Archive.
- Financial Times on “fintech” courses in finance education — “many of the crypto enthusiasts do not have a background in finance and misunderstand elementary concepts of financial theory. They care more about consensus mechanisms than adverse selection and only shrug at the intricacies of corporate finance.” (archive)
- Financial Times: Who owns what in bitcoin? Hannah Murphy looked at data from Chainalysis: “long-term holders cashed out to short-term speculators.” With quotes from me. (Irish Times reprint.)
- David Golumbia interviewed in Salon about how Bitcoin brought its right-wing conspiracy theories into the mainstream. The reactions to this article from Bitcoin advocates are incredulity — the crypto subculture seems to have forgotten the political aims of the cypherpunk subculture it originated in, and that these ideas literally sprang from goldbug and “international banker” conspiracy theories. Go read David’s book, The Politics of Bitcoin (US, UK) — I knew I had to write a chapter in the book about Bitcoin’s libertarian roots, and The Politics of Bitcoin put together my reading list for chapter two for me.
— Rory Cellan-Jones (@ruskin147) June 9, 2018
— Diane Coyle (@DianeCoyle1859) June 9, 2018
— Anthony Ward (@Anth0ny_Ward) June 9, 2018
- The York Festival of Ideas event “Cryptocurrency: Hype or technological revolution?” on Saturday evening was great fun. Rory Cellan-Jones moderated, Bebo White played advocate, Frances Coppola and I were the embittered nocoiners. I even sold five paperbacks — I would have sold more, but it seems like a surprising number of people in the UK just don’t carry cash any more. I don’t think we got a recording, but there’s some tweeted photos above.
- Simon Chandler in CryptoNews: The Great Backlash Against Blockchain Hype — with quotes from me.
- I got what I think is my first academic citation in “Blockchain Use Cases and Their Feasibility” by Kaspars Zīle and Renāte Strazdiņa in Applied Computer Systems: The Journal of Riga Technical University vol. 23 no. 1.
- J. P. Koning also cites me in “Bitcoin as a Novel Financial Game.” This is for the AIER, a “sound money” (goldbug) think tank — but even then, he says: “One of the greatest tricks Satoshi Nakamoto, the creator of Bitcoin, ever played was convincing everyone that his invention was just like a banknote, when it was actually a novel type of zero-sum financial game.” Told you even Austrian Economics fans don’t like Bitcoin.
- Attack of the 50 Foot Blockchain is cheap on Kindle Canada this month — CDN$4.49 for the ebook! Get one to go with your paperback!
— r/Buttcoin (@r_Buttcoin) June 11, 2018
These fashion-addled morons want to put medical records on the blockchain. Confidential data… in a public ledger. Their plan assumes the encryption will resist brute force attacks for fifty years. Which it will not. Bollockchain more like. https://t.co/j8MQhNzJyx via @FT
— ben goldacre (@bengoldacre) June 9, 2018
Well, it's been a couple months, let's see if Brave's payment system has become a little more oh okay nevermind pic.twitter.com/8hckTPdMU3
— ᴎomɘ⅃ (@AhoyLemon) June 8, 2018
any minute until bitcoiners start saying "the price doesn't matter"
— Tim Swanson (@ofnumbers) June 10, 2018
I used to think the very lowest quality info about Cryptocurrencies came from the crypcurrency "press" but now I think the prize goes to the XRPChat group. They claim @izakaminska is a pro-Bitcoin crypto journalist and my only loyalty is to a company I left 2 years ago. pic.twitter.com/Fw3AOurT6v
— Martin Walker (@MartinCWWalker) June 9, 2018
Siri, show me a bio from the nuclear take department. pic.twitter.com/6dgCT1EBBA
— Chris Duckett (@dobes) June 9, 2018
Only in cryptocurrency can an enterprise that calls itself “ethical” be represented by someone who is both an “award winning journalist” and “PR relations” 🤦♀️ pic.twitter.com/9lMcXPWSb3
— Izabella Kaminska (@izakaminska) June 5, 2018
talking to my two year old daughter about blockchain before she hears about it on the streets
— ʀɪᴄʜ "ʟᴏᴡᴛᴀx" ᴋʏᴀɴᴋᴀ (@somethingawful) June 11, 2018
— Mark Constantine (Int'l House of Bagholding CEO) (@vexmark) June 10, 2018
If you try and tell me what blockchain is I will block you
— Dawn Foster (@DawnHFoster) June 11, 2018
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