{"id":2669,"date":"2017-11-27T01:02:21","date_gmt":"2017-11-27T01:02:21","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=2669"},"modified":"2018-04-25T20:01:45","modified_gmt":"2018-04-25T20:01:45","slug":"news-hong-kong-sec-and-icos-ethereum-roadmap-the-bitcoin-bank-run-cryogen-liked-my-article","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2017\/11\/27\/news-hong-kong-sec-and-icos-ethereum-roadmap-the-bitcoin-bank-run-cryogen-liked-my-article\/","title":{"rendered":"News: Hong Kong, SEC and ICOs, Ethereum roadmap, the Bitcoin bank run, CryoGen recommend my article"},"content":{"rendered":"<ul>\n<li>Hong Kong bankers <a href=\"http:\/\/www.scmp.com\/news\/hong-kong\/economy\/article\/2120506\/hong-kongs-bitcoin-businesses-suffer-after-local-bank\">don&#8217;t want to go near bitcoin businesses<\/a> either. HSBC: &#8220;very limited appetite for banking virtual currency exchanges.&#8221;<\/li>\n<\/ul>\n<ul>\n<li>Ex-SEC commissioner on ICOs: <a href=\"https:\/\/mobile.nytimes.com\/2017\/11\/26\/business\/initial-coin-offering-critic.html\">&#8220;It\u2019s the almost comedic quality of the violation.&#8221;<\/a><\/li>\n<\/ul>\n<ul>\n<li>Ethereum will sort out its scaling problems by <s>2016<\/s> <s>2017<\/s> <a href=\"https:\/\/cointelegraph.com\/news\/vitalik-lays-out-ethereum-20-roadmap-in-taiwan\">three to five years or so<\/a>. Definitely.<\/li>\n<\/ul>\n<ul>\n<li>The Bitcoin bank run: the trouble with taking a number like &#8220;market cap&#8221; seriously is that as the Bitcoin price \u2014 a number decided on the last few trades \u2014 goes up, the number of dollars already in the system doesn&#8217;t. When people think &#8220;welp, that&#8217;s it for this bubble, time to cash out&#8221; &#8230; how many exchanges will have the cash on hand \u2014 &#8220;dollar liquidity which, I am reliably informed, is provided by mainstream commercial banks on a very short-term basis at very high rates&#8221; \u2014 to pay them out? Preston J. Byrne <a href=\"https:\/\/prestonbyrne.com\/2017\/11\/26\/the-bear-case-for-crypto-part-ii-fractional-reserve-marmot\/\">wonders<\/a>.<\/li>\n<\/ul>\n<ul>\n<li>In which the CryoGen ICO <a href=\"https:\/\/twitter.com\/ICOcryogen\/status\/934483732442091520\">tweets<\/a> my <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/11\/23\/ico-of-the-day-cryogen-bringing-crypto-and-cryonics-back-together-once-more\/\">article<\/a> about how the thing they&#8217;re offering literally can&#8217;t work, saying it&#8217;s a great introduction for prospective customers. &#8220;It can definitely answer most of your questions about our project.&#8221; Maybe they thought the bit about space travel by 2022 hadn&#8217;t been getting enough attention.<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hey! Take a look at this interesting review of our ICO. It can definitely answer most of your questions about our project.  And be sure you catch a chance to become a part of CryoGen. <a href=\"https:\/\/t.co\/H85is0JQf2\">https:\/\/t.co\/H85is0JQf2<\/a><a href=\"https:\/\/twitter.com\/hashtag\/ico?src=hash&amp;ref_src=twsrc%5Etfw\">#ico<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryonics?src=hash&amp;ref_src=twsrc%5Etfw\">#cryonics<\/a><\/p>\n<p>&mdash; Cryogen (@ICOcryogen) <a href=\"https:\/\/twitter.com\/ICOcryogen\/status\/934483732442091520?ref_src=twsrc%5Etfw\">November 25, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>The best bit is where CryoGen recommend the article where I detail why what they&#8217;re selling doesn&#8217;t work. I suppose I did call them <i>sincere<\/i>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[21,260,82,280,281,9,6,36,33],"class_list":["post-2669","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-bitcoin","tag-cryogen","tag-ethereum","tag-hong-kong","tag-hsbc","tag-ico","tag-links","tag-preston-byrne","tag-sec"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/2669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=2669"}],"version-history":[{"count":19,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/2669\/revisions"}],"predecessor-version":[{"id":6616,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/2669\/revisions\/6616"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=2669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=2669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=2669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}