{"id":8221,"date":"2018-06-26T21:54:17","date_gmt":"2018-06-26T21:54:17","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=8221"},"modified":"2018-06-26T23:39:44","modified_gmt":"2018-06-26T23:39:44","slug":"news-me-at-intelligence-squared-next-monday-lightning-network-99-failure-rate-nvidia-video-card-glut-microsoft-ey-blockchain-reserve-bank-of-australia-us-secret-service-art-on-the-blockchain","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2018\/06\/26\/news-me-at-intelligence-squared-next-monday-lightning-network-99-failure-rate-nvidia-video-card-glut-microsoft-ey-blockchain-reserve-bank-of-australia-us-secret-service-art-on-the-blockchain\/","title":{"rendered":"News: me at Intelligence Squared next Monday, Lightning Network 99% failure rate, Nvidia video card glut, Microsoft\/EY blockchain, Reserve Bank of Australia, US Secret Service, art on the blockchain"},"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. <a href=\"https:\/\/www.patreon.com\/davidgerard\">$5\/mo<\/a> is like buying me an appreciative pint once a month!<\/p>\n<p>(If you sign up for the <a href=\"https:\/\/www.patreon.com\/davidgerard\">$20\/mo<\/a> level, send me your email and postal address for the goodies through Patreon. No takers on the <a href=\"https:\/\/www.patreon.com\/davidgerard\">$4,999<\/a> level yet &#8230; surprised filthy fiat&#8217;s that hard to come by in crypto land.)<\/p>\n<ul>\n<li>I&#8217;m on a panel discussion, next Monday 2 July at 7:00pm at the Emmanuel Centre, London SW1P 3DW &mdash; <a href=\"https:\/\/www.intelligencesquared.com\/events\/blockchain-quantum-leap-forward-or-digital-snake-oil\/\">Blockchain: Quantum leap forward or digital snake oil?<\/a> hosted by Intelligence Squared. Other speakers are <a href=\"https:\/\/twitter.com\/yaoeo\">Primavera De Filippi,<\/a> author <a href=\"https:\/\/twitter.com\/JamieJBartlett\">Jamie Bartlett<\/a> and the founder of Liberland, <a href=\"https:\/\/en.wikipedia.org\/wiki\/V%C3%ADt_Jedli%C4%8Dka\">V\u00edt Jedli\u010dka.<\/a> Moderator is BBC economics editor <a href=\"https:\/\/twitter.com\/bbckamal\">Kamal Ahmed.<\/a> Tickets are still available &mdash; \u00a330 full price, \u00a315 student.<\/ul>\n<ul>\n<li>Reminder: <i>Attack of the 50 Foot Blockchain<\/i> is discounted on Kindle Canada for June \u2014 <a href=\"https:\/\/www.amazon.ca\/dp\/B073CPP581\/\">only CDN$4.49!<\/a> Hurry, hurry!<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/06\/26\/news-me-at-intelligence-squared-next-monday-lightning-network-99-failure-rate-nvidia-video-card-glut-microsoft-ey-blockchain-reserve-bank-of-australia-us-secret-service-art-on-the-blockchain\/iq2-blockchain\/\" rel=\"attachment wp-att-8232\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/06\/iq2-blockchain.jpg\" alt=\"\" width=\"480\" height=\"240\" class=\"aligncenter size-full wp-image-8232\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/06\/iq2-blockchain.jpg 960w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/06\/iq2-blockchain-300x150.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/06\/iq2-blockchain-768x384.jpg 768w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Crypto mining is totally funding huge research efforts at Nvidia into how better to serve this <i>important demographic,<\/i> and &#8230; oh. <a href=\"https:\/\/gadgets.ndtv.com\/laptops\/news\/nvidia-overestimated-bitcoin-mining-demand-stuck-with-excess-gpu-inventory-report-1870690\">Nvidia has a massive GPU surplus.<\/a> Perhaps new gaming cards will become <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/02\/06\/video-cards-are-getting-cheap-again-proceed-with-caution\/\">affordable once more.<\/a><\/ul>\n<ul>\n<li>Microsoft and EY launch an ambitious blockchain project <a href=\"https:\/\/thenextweb.com\/hardfork\/2018\/06\/21\/microsoft-and-ey-launch-blockchain-for-copyrights-and-royalties\/\">&#8220;to help creators get paid.&#8221;<\/a> They say they&#8217;ll be using it to pay XBox game authors. I believe I wrote a <a href=\"http:\/\/www.hypebot.com\/hypebot\/2017\/08\/why-you-cant-put-the-music-industry-on-a-blockchain-excerpt.html\">chapter<\/a> in my <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/book\/\">book<\/a> on this topic. Love to see Imogen Heap blockchain comparisons in this, the year <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/imogen-heap-tiny-human-total-sales-133-20\/\">$133.20 .<\/a><\/ul>\n<ul>\n<li>The Lightning Network is the scaling solution of the future! &#8216;Cos it <a href=\"https:\/\/diar.co\/volume-2-issue-25\/\">sure isn&#8217;t<\/a> the scaling solution of the present &mdash; &#8220;If only the nodes that have at least one channel with sufficient capacity to route the payment are considered, the probability of successfully routing the payment of less than $200 between random LN nodes is a mere 1%.&#8221; Just imagine how much power the obsolete legacy fiat bankster system could save if Visa transactions had a 1% chance to get through!<\/ul>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/fraggletastic\/status\/1011346178955513856<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><a href=\"https:\/\/www.rba.gov.au\/speeches\/2018\/sp-so-2018-06-26.html\">The Reserve Bank of Australia on cryptocurrencies<\/a> &mdash; they&#8217;re not very good as money or a payments system, they don&#8217;t really affect the RBA&#8217;s monetary policy or financial stability mandates, and the RBA doesn&#8217;t really think a central bank AUD$ cryptocurrency is a good idea. But they&#8217;re still keeping an eye on the sector.<\/ul>\n<ul>\n<li>Robert Novy, Deputy Assistant Director, Office of Investigations in the United States Secret Service, has asked the US House of Representatives&#8217; Committee on Financial Services Subcommittee on Terrorism and Illicit Finance to <a href=\"https:\/\/financialservices.house.gov\/uploadedfiles\/hhrg-115-ba01-wstate-rnovy-20180620.pdf\">take decisive action to monitor privacy-oriented cryptocurrencies.<\/a><\/ul>\n<ul>\n<li>ArtNet Gray Market: <a href=\"https:\/\/news.artnet.com\/opinion\/gray-market-maecenas-blockchain-auction-1308482\">Why &#8220;art on the blockchain&#8221; schemes are shallow and lack significance.<\/a><\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Don&#39;t get caught up in short-term market fluctuations. Invest for the long term. <a href=\"https:\/\/t.co\/PrtPpnS3CW\">pic.twitter.com\/PrtPpnS3CW<\/a><\/p>\n<p>&mdash; Kyle Torpey (@kyletorpey) <a href=\"https:\/\/twitter.com\/kyletorpey\/status\/1011643162987769856?ref_src=twsrc%5Etfw\">June 26, 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\">Every time the price drops I just buy more because obviously this is the exact right time. The price will never go below 5.8k which is the floor so if it drops below 5.4k that is the perfect time to buy, it&#39;s guaranteed to skyrocket up  to 30k straight after hitting the 5k floor<\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/1010789361447854080?ref_src=twsrc%5Etfw\">June 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<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I will never tire of this Chrome extension <a href=\"https:\/\/t.co\/qFH1xS8smw\">pic.twitter.com\/qFH1xS8smw<\/a><\/p>\n<p>&mdash; Dag-Erling Sm\u00f8rgrav (@desdotdev) <a href=\"https:\/\/twitter.com\/desdotdev\/status\/1009225510784782336?ref_src=twsrc%5Etfw\">June 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<p>https:\/\/twitter.com\/jebus911\/status\/1011669964321886208<\/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>The Lightning Network must be the future of Bitcoin scaling! &#8216;Cos it&#8217;s a stupendous failure in the present.<\/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":[756,138,754,564,233,6,350,340,755],"class_list":["post-8221","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-artnet","tag-australia","tag-ey","tag-intelligence-squared","tag-lightning-network","tag-links","tag-microsoft","tag-nvidia","tag-secret-service"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/8221","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=8221"}],"version-history":[{"count":19,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/8221\/revisions"}],"predecessor-version":[{"id":8241,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/8221\/revisions\/8241"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=8221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=8221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=8221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}