Tag Archives: Ethereum

Beyond the Bitcoin bubble

Source: New York Times
by Steven Johnson

“If there’s one thing we’ve learned from the recent history of the internet, it’s that seemingly esoteric decisions about software architecture can unleash profound global forces once the technology moves into wider circulation. If the email standards adopted in the 1970s had included public-private key cryptography as a default setting, we might have avoided the cataclysmic email hacks that have afflicted everyone from Sony to John Podesta, and millions of ordinary consumers might be spared routinized identity theft. If Tim Berners-Lee, the inventor of the World Wide Web, had included a protocol for mapping our social identity in his original specs, we might not have Facebook. The true believers behind blockchain platforms like Ethereum argue that a network of distributed trust is one of those advances in software architecture that will prove, in the long run, to have historic significance.” [hat tip — David Klaus] (01/16/18)


My 2018 crypto plans

Source: KN@PPSTER @ Steemit
by Thomas L Knapp

“At the moment, my three-digit crypto holdings are in Ethereum and Steem, with a few bucks in Bitcoin Cash and a tiny Dash mining contract. I find Bitcoin Cash and Dash interesting, but my prediction is that Ethereum will replace Bitcoin and its variants as the dominant crypto in 2018. It’s not geared so much as a medium of exchange as it is a foundation for investments in enterprises (‘Initial Coin Offerings’ and pre-buying of goods with digital tokens. I suspect that this year we will see some major enterprises (even Amazon, maybe?) do token sales that allow customers to take a discount on future purchases and the enterprise to take a prospective profit on the rise in Ethereum value.” (01/02/17)


Ethereum user accidentally exploits major vulnerability, locks wallets

Source: ZDNet

“An Ethereum user has unwittingly exploited a major wall in Parity wallets which has locked users out of their accounts, potentially freezing millions of dollars’ worth of the cryptocurrency. In a security advisory last night, Parity — the makers of wallet software used to store and trade Ethereum — said the ‘critical’ issue impacts multi-sig wallets. Multi-sig wallets have been frozen which are estimated to hold roughly $150 million in Ethereum. The company said the vulnerability exists in the Parity wallet library contract of the standard multi-sig contract and was ‘found’ by a user.” (11/08/17)


Does Universal Basic Income require a state?

Source: Center for a Stateless Society
by Lexi Linnell

“The Resilience protocol may end up forming one part of a decentralized, voluntary, and freed market social safety net. Another part will involve various types of P2P sharing services, such as a decentralized version of Uber or Airbnb, run as decentralized autonomous organizations (DAOs) on the blockchain. Since the sharing economy allows people to stay afloat during financial hardship, these two ideas may make a good safety net when combined. This combination of DAOs and the Resilience protocol also forms a decentralized version of the co-operative economy. Indeed, Resilience was inspired by both the Rochdale principles of the modern co-op movement and by mutual credit. This particular form, however, cannot be shut down. The only way the system can stop functioning is if people stop using it.” (10/02/17)


Bitcoin rallies to move closer to $5k as Ether slides

Source: MarketWatch

“Bitcoin rallied on Thursday in a bid to reclaim its all-time high of $5,000 as jitters over China’s move to declare initial coin offerings illegal further receded. One bitcoin climbed 1.4% to $4,679.60. However, ether, which trades on the Ethereum platform, slid 1.9% to $331.42, according to data from Coindesk.com. The Chinese government last weekend indicated that it will ban initial coin offerings, triggering a big selloff in digital currencies.” (09/07/17)


Reason Podcast, 07/26/17

Source: Reason

“Now that ethereum has a market cap of more than $18 billion, the network is facing immense technical challenges. Can it scale to serve millions of users? To discuss, we spoke with Michael Freedman, a professor of computer science at Princeton who, starting in the late ’90s, worked on an earlier wave of peer-to-peer computing technologies.” [various formats] (07/26/17)


From Bitcoin to Ether: Today’s Blockchain basics

Source: Foundation for Economic Education
by Billy Silva

“Bitcoin and its underlying technology blockchain are game-changing technologies that are reshaping and revolutionizing the world economy. Often hidden behind the headlines of Bitcoin’s meteoric rise in market value and blockchain’s technological promise is a basic understanding of what these two technologies are and where they come from. This brief article examines the digital currencies Bitcoin and Ethereum and introduces Blockchain, the technology that facilitates the digital transfer of value and much more.” (07/11/17)


Crypto correction: Bitcoin and Ether dive as market sheds $13 billion

Source: CoinDesk

“Is the long-awaited ‘crypto correction’ finally here? There was certainly ample evidence to suggest the answer was yes today, as cryptocurrencies both large and small suffered widespread losses, a decline that analysts attributed to profit taking from veteran investors. Overall, the total market capitalization of cryptocurrencies fell to as little as $91.4bn today, a more than 20% decline from the all-time high of $117.2bn it reached around mid-June, and down over 13% from the day’s open at $105.3bn. At the time of report, the top 20 cryptocurrencies as ranked by market capitalization had all suffered declines in the last 24 hours, according to data from CoinMarketCap.” (06/26/17)


Ethereum hits another record high, marking a more than 2,800% rally this year

Source: CNBC

“Ethereum, an alternative cryptocurrency to bitcoin, hit a fresh record high on Sunday, amid continued interest in the digital asset space and increased trade from Asia. On Sunday, ethereum traded at an all-time high of $250.41, according to data from industry website CoinDesk. This is up 2,839 percent from the $8.52 handle it had on January 1. Ethereum was trading at around $246.62 on Monday morning, slightly off its record high. Ether is the name of the cryptocurrency which runs on the ethereum blockchain, which is the technology that underpins the digital coin. But ethereum is often used as shorthand for the digital currency as well.” (06/05/17)


The UN wants to adopt Bitcoin and Ethereum — and soon

Source: CoinDesk

“The United Nations (UN) is in the final stages of what could be one of the most epic blockchain projects of all time. After successfully using the ethereum blockchain to transmit Pakistani rupees to 100 people earlier this year, the UN’s World Food Program (WFP) is arranging extra security to ensure it safely executes the next stage of its work. A pilot test, scheduled to begin in Jordan on 1st May, will see the WFP sending an unspecified number of dinars to more than 10,000 recipients in need of financial support and extra food, with the goal of expanding the number of recipients to 500,000 people by 2018. To protect the privacy of the recipients, the exact amount to be dispersed is not being revealed. But the technology being developed is part of an even bigger push to make the UN’s services so resilient that they could survive even the destruction of the UN itself.” (04/24/17)