{"id":7416,"date":"2018-05-25T19:35:30","date_gmt":"2018-05-25T19:35:30","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=7416"},"modified":"2018-05-25T19:35:30","modified_gmt":"2018-05-25T19:35:30","slug":"news-kodakcoin-fca-investigations-ripple-on-tv-eu-motion-arizona-blockchain-veto","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2018\/05\/25\/news-kodakcoin-fca-investigations-ripple-on-tv-eu-motion-arizona-blockchain-veto\/","title":{"rendered":"News: KodakCoin, FCA investigations, Ripple on TV, EU motion, Arizona blockchain veto"},"content":{"rendered":"<p>Monthly beg cycle: This blog runs on sponsorship! I use the Guardian model \u2014 no paywall, but if you <a href=\"https:\/\/www.patreon.com\/davidgerard\">sign up,<\/a> it keeps the good stuff coming. $5\/mo is like buying me an appreciative drink monthly! (I have some $20 sponsors who haven&#8217;t sent me their email or postal address for the goodies \u2014 please message me through Patreon.)<\/p>\n<ul>\n<li>I&#8217;m participating in a panel discussion on Saturday 9 June at the York Festival of Ideas: <a href=\"http:\/\/yorkfestivalofideas.com\/2018\/talks\/cryptocurrency\/\">&#8220;Cryptocurrency: Hype or technological revolution?&#8221;<\/a> \u2014 it&#8217;s free, but you&#8217;ll need to register. And one on Monday 2 July at Intelligence Squared <a href=\"https:\/\/www.intelligencesquared.com\/events\/blockchain-quantum-leap-forward-or-digital-snake-oil\/\">&#8220;Blockchain: Quantum leap forward or digital snake oil?&#8221;<\/a> in London \u2014 \u00a330 full or \u00a315 student, tickets still available. I love doing <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/04\/19\/welcome-to-the-blockchain-slides-from-berenbergs-blockchain-from-hype-to-reality\/\">talks<\/a> and <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/03\/01\/news-financial-times-uk-parliament-sec-overstock-gdpr-france-kleiman-vs-wright-lightning-network-iota\/\">panel discussions<\/a> and so forth\u00a0\u2014 feel free to <a href=\"mailto:dgerard@gmail.com?subject=We%27d%20love%20you%20to%20appear%20at%20our%20event\">email me and ask.<\/a><\/li>\n<\/ul>\n<ul>\n<li>The <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/03\/08\/kodak-pt-5-kodakcoin-ico-light-paper-released\/\">KodakCoin SAFT<\/a> is go, apparently! I got a very dull email telling me they&#8217;d send me a link to buy KodakCoin futures from Cointopia. But it hasn&#8217;t come yet. Anyone else? I&#8217;d love screenshots of relevant pages, reports of what checking they do on accredited status, that sort of thing \u2014 please <a href=\"mailto:dgerard@gmail.com?subject=KodakCoin%20goodies\">email.<\/a> KodakCoin also released a <a href=\"https:\/\/kodakone.com\/fileadmin\/white_paper\/180424_kodakone_wp.pdf\">full white paper<\/a> last month, with no announcement. I finally obtained the <em>January<\/em> white paper that only went to <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/31\/news-sec-getting-annoyed-kodakcoin-ico-doesnt-launch-samsung-mining-chips-crypto-and-your-security-clearance-an-incompetent-ponzi\/\">selected journalists<\/a> &#8230; and I&#8217;m working on a post about both, which will include the January white paper.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Look at them ICOs that&#39;s the way you do it<br \/>You write the solidity on the ETH<br \/>That ain&#39;t workin that&#39;s the way you do it<br \/>Money for nothin &amp; lambos for free<br \/>Now that ain&#39;t workin that&#39;s the way you do it<br \/>Maybe get a blister on your little finger<br \/>Maybe get a subpoena from the SEC<\/p>\n<p>&mdash; Colin Platt #\u20e3\ud83c\udd99 #DePi (@colingplatt) <a href=\"https:\/\/twitter.com\/colingplatt\/status\/999261910209048576?ref_src=twsrc%5Etfw\">May 23, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Ripple Labs <a href=\"http:\/\/ftalphaville.ft.com\/2018\/05\/23\/1527087751000\/Ripple-altruistically-donates--4m-to-celeb-on-prime-time-TV\/\">altruistically donates $4m of XRP<\/a> to a daytime TV celebrity\u00a0\u2014 but remember, Ripple Labs totally has <em>nothing<\/em> to do with XRP, except of course for the extensive list of XRP-related things they&#8217;re up to their necks in.<\/li>\n<\/ul>\n<ul>\n<li>If you want or have a US security clearance, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-05-22\/bitcoin-a-shadowy-new-realm-as-u-s-weighs-security-clearances\">trading in Bitcoin could be a problem for it.<\/a> &#8220;The question is whether owning Bitcoins or lesser-known cryptocurrencies such as Ripple and Ethereum is an indicator of risky personal behavior.&#8221;<\/li>\n<\/ul>\n<ul>\n<li>Eva Kaili&#8217;s bad EU Parliamentary Motion\u00a0\u2014 which I <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/02\/16\/a-bad-eu-motion-coming-up-for-vote-2017-2772rsp-distributed-ledger-technologies-and-blockchains-building-trust-with-disintermediation\/\">dissected<\/a> a few months ago\u00a0\u2014 has <a href=\"http:\/\/www.europarl.europa.eu\/news\/en\/press-room\/20180516IPR03622\/use-blockchain-model-to-cut-small-firms-costs-and-empower-citizens-urge-meps\">passed committee.<\/a> Thankfully it&#8217;s non-binding.<\/li>\n<\/ul>\n<ul>\n<li>Arizona&#8217;s awful pro-cryptocurrency bill passed the legislature, but <a href=\"https:\/\/legiscan.com\/AZ\/text\/SB1091\/id\/1791279\">got vetoed<\/a> by the governor.<\/li>\n<\/ul>\n<ul>\n<li>Looks like regulator attention is the fashion \u2014 in the UK, the Financial Conduct Authority is investigating <a href=\"https:\/\/www.ft.com\/content\/b9d2b246-6003-11e8-ad91-e01af256df68\">24 different cryptocurrency promotions<\/a> (<a href=\"https:\/\/archive.is\/wNyFG\">archive<\/a>), and seven whistleblower reports this year alone.<\/li>\n<\/ul>\n<ul>\n<li>Here&#8217;s <a href=\"https:\/\/twitter.com\/CNBCFastMoney\/status\/999769308497629185\">a bitcoin &#8220;trader&#8221; talking about<\/a> the sort of manipulation that just saw a Justice Department criminal probe \u2014 at 1:20, he asks &#8220;What is the <em>problem <\/em>of driving the prices up?&#8221; Gosh, maybe you could <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/05\/24\/explaining-the-justice-department-cftc-criminal-investigation-into-bitcoin-trading-and-likely-bitfinex-tether\/\">ask the CFTC.<\/a> Oh, and this is the <i>best<\/i> time to <i>buy Bitcoin.<\/i><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CNBC Africa \u201cCryptotrader\u201d host <a href=\"https:\/\/twitter.com\/cryptomanran?ref_src=twsrc%5Etfw\">@cryptomanran<\/a> says the DOJ\u2019s crackdown on <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> is actually a buying opportunity for <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/t.co\/QeazR3fcXq\">pic.twitter.com\/QeazR3fcXq<\/a><\/p>\n<p>&mdash; CNBC&#39;s Fast Money (@CNBCFastMoney) <a href=\"https:\/\/twitter.com\/CNBCFastMoney\/status\/999769308497629185?ref_src=twsrc%5Etfw\">May 24, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><a href=\"https:\/\/www.kickstarter.com\/projects\/788475894\/bitcon-lose-all-your-money\">BITCON: The Lose All Your Money Game!<\/a> &#8220;Replicates bitcoin investing in a fast paced card game. You play the cryptocurrency market up and down like a roller coaster and try and not get stuck with too much bitcoin when the bubble pops.&#8221; No, we don&#8217;t expect they&#8217;ll exit scam the Kickstarter &#8230;<\/li>\n<\/ul>\n<ul>\n<li>Bitcoin has seen 44 <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/11\/20\/there-can-only-ever-be-21-million-forks-of-bitcoin-a-survey-so-far\/\">full-history forks<\/a> since <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/09\/03\/the-bitcoin-versus-bitcoin-cash-split-what-it-means-and-what-you-should-do\/\">Bitcoin Cash<\/a> \u2014 and they are <a href=\"https:\/\/thenextweb.com\/business\/2018\/05\/22\/bitcoin-hard-fork-useless\/\">all useless.<\/a><\/li>\n<\/ul>\n<ul>\n<li>&#8220;TL;DR Do you know any profitable B2B blockchain business? <a href=\"https:\/\/blog.leif.io\/blockchain-is-merely-a-marketing-instrument\/\">Yeah, me neither.<\/a>&#8220;<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The great thing about &quot;Blockchain&quot; is, that you instantly know that nothing useful will follow and you can stop reading.<\/p>\n<p>&mdash; tante (@tante) <a href=\"https:\/\/twitter.com\/tante\/status\/999695787331383296?ref_src=twsrc%5Etfw\">May 24, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Nicholas Weaver: <a href=\"http:\/\/www1.icsi.berkeley.edu\/~nweaver\/papers\/cryptorisks.pdf\">The Risks of Cryptocurrencies,<\/a> in <em>Communications of the ACM.<\/em> &#8220;If Bitcoin is the &#8216;Internet of money,&#8217; what does it say that it cannot be safely stored on an Internet connected computer?&#8221;<\/li>\n<\/ul>\n<ul>\n<li><a href=\"https:\/\/simpleweb.co.uk\/blockchain-regulation-and-gdpr-interview-with-dr-michele-finck\/\">Blockchain regulation and GDPR<\/a>\u00a0\u2014 an interview with Dr Mich\u00e8le Finck. (In which she namedrops my <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/book\/\">book.<\/a>)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/dobes\/status\/999788736673017856<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>CoinCenter \u2014 the ones who <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/05\/22\/bitcoins-stupendous-power-waste-is-green-apparently-bad-excuses-for-proof-of-work\/\">tried and failed<\/a> to find an &#8220;economist&#8221; to say Proof-of-Work was good actually \u2014 <a href=\"https:\/\/twitter.com\/coincenter\/status\/999324414859767808\">say<\/a> that <a href=\"https:\/\/archive.is\/pcfZ7\">treating decentralized tokens as securities would amount to a ban on U.S. trading,<\/a> because regulation would be too hard. Sounds good\u00a0\u2014 when can we make this happen?<\/li>\n<\/ul>\n<ul>\n<li>Janne M. Korhonen has expanded his <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/05\/22\/bitcoins-stupendous-power-waste-is-green-apparently-bad-excuses-for-proof-of-work\/#comment-2990\">excellent comment<\/a> on my Proof-of-Work post into a full writeup of <a href=\"https:\/\/jmkorhonen.net\/2018\/05\/25\/bitcoin-is-not-a-good-fit-for-renewable-energy-heres-why\/\">why Bitcoin is <em>actively bad<\/em> for renewable energy<\/a> \u2014 inflexible demand, because miners have to run flat-out to compete. &#8220;For the foreseeable future, the cheapest source of steady 24\/7 electricity supply will be coal or gas, except in few locations that are blessed with extremely abundant hydropower reserves.&#8221;<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">cryptocurrencies are the nerd equivalent to rolling coal<\/p>\n<p>&mdash; memento hikikomori (@_zellyn) <a href=\"https:\/\/twitter.com\/_zellyn\/status\/987465493534527488?ref_src=twsrc%5Etfw\">April 20, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I have yet to encounter a problem in technology or any other industry that is solvable only by a linked list of British Thermal Units.<\/p>\n<p>&mdash; Antifa Comptroller (@EmilyGorcenski) <a href=\"https:\/\/twitter.com\/EmilyGorcenski\/status\/998982229564018689?ref_src=twsrc%5Etfw\">May 22, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=tBRWJzAjkjk\">The most $100% accurate explanation of Bitcoin<\/a> you will ever watch anywhere. 2&#8217;35&#8221; well spent.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"jetpack-video-wrapper\"><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"735\" height=\"414\" src=\"https:\/\/www.youtube.com\/embed\/tBRWJzAjkjk?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-GB&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/div>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/MattBruenig\/status\/999673129160060928<\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/ummjackson\/status\/999688320417386496<\/p>\n<p>https:\/\/twitter.com\/ummjackson\/status\/999688916100788229<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">why do cryptocurrency nerds follow me??? i am critical of your math beanie babies created by computers playing numberwang, and that is goddamn obvious.<\/p>\n<p>&mdash; \u262d\ua66eGatekeeper Blocker Eevee (\u256f\u00b0w\u00b0)\u256f\u5f61\ud83d\udcbb\ud83c\udf0b\ua66e\u262d (@ComradeEevee) <a href=\"https:\/\/twitter.com\/ComradeEevee\/status\/998333397658456070?ref_src=twsrc%5Etfw\">May 20, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">On Bitcoin Pizza Day please remember that if someone asks you to send them one pizza with a promise to send you ten back they are legitimate businessmen running a very real promotion.<\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/999062434446036994?ref_src=twsrc%5Etfw\">May 22, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/t.co\/WEouB1rvcj\">pic.twitter.com\/WEouB1rvcj<\/a><\/p>\n<p>&mdash; pixelatedboat aka \u201cmr tweets\u201d (@pixelatedboat) <a href=\"https:\/\/twitter.com\/pixelatedboat\/status\/999461220603211782?ref_src=twsrc%5Etfw\">May 24, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/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>Plus my speaking dates in June and July.<\/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":[676,466,475,166,491,371,372,6,338,339],"class_list":["post-7416","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-arizona","tag-europe","tag-eva-kaili","tag-fca","tag-gdpr","tag-kodakcoin","tag-kodakone","tag-links","tag-ripple","tag-xrp"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/7416","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=7416"}],"version-history":[{"count":35,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/7416\/revisions"}],"predecessor-version":[{"id":7455,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/7416\/revisions\/7455"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=7416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=7416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=7416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}