The Week In Bitcoin - Issue #76: The Rush To The Line

The Rush To The LineYou guessed it. It's been another massive week of news in the world of chains as
The Week In Bitcoin
The Week In Bitcoin - Issue #76: The Rush To The Line
By The Week In Bitcoin • Issue #18
The Rush To The Line
You guessed it. It’s been another massive week of news in the world of chains as we approach the pointy end of the year.
This week you should definitely check out Coinbase’s how to ICO’ guide, the crazy Zcash security story that involves the torching of laptops (I kid you not) and Peter Todd’s piece on single-use-seals
Also, make sure you read Elaine Ou’s great piece on smart contracts. I like any blog post that starts with wanting to vomit after reading a law firm’s analysis of ‘smart contracts’. 
— Alan Tsen, @alantsen 👊💯
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News This Week
Is an App Coin a security?
The Blockchain Token Securities Law Framework examines securities law and App Coins
Zcash, the new anonymous cryptocurrency, was born in a cloak-and-dagger cocoon of digital secrecy. There was just one little problem
Digital tokens and blockchains, two distinct but complementary technologies, waste cheap storage to give data the continuity of real-world assets. Bitcoin is just the first application.
While I’ve previously touched on the topics of commitments andsingle-use-seals, my previous posts have been both highlytechnical and high level.
Some 2 billion individuals and 200 million businesses in emerging economies lack access to savings and credit.
As of October 28, 2016, Zcash is a reality! Anybody with Internet access can download the software, connect to the global decentralized network, and send and receive payments, without exposing their confidential transaction metadata to the world.
Vitalik suggested last week that I share my basic research and design philosophy in a blog post, I agreed but complained that it was still changing. My friend Jon West told me that everyone would really appreciate it if I told everyone about my Casper research, I mostly agreed. Then someone on reddit told me to focus on Ethereum.
A couple weeks ago, I was pointed to this whitepaper (h/t @squarelyrooted) by law firm Norton Rose Fulbright that asks, Can smart contracts be legally binding contracts? I was totally gonna read it and post a summary, except that I couldn’t manage to get past the first page without vomiting.
I’ve noticed a great deal of schadenfreude related to the R3 bump. Lots of people saying that blockchain is past its sell-by date, R3 are bust and distributed ledgers are dead. I think it’s related to the journalists who, having delighted in bigging up blockchain big time for the past two years are now relishing the idea of trashing it but come on guys, blockchain is far from dead. It’s just entered the trough of disillusionment.
Back in 2000, B2B consortia marketplaces were all the rage. They quickly became popular in every industry segment possible. The premise was that the Web could enable a new level of collaboration among industry players to streamline business-to-business transactions, and eliminating redundant processes.
Circle Internet Financial Ltd., one of the most heavily-funded digital currency startups, will no longer offer customers the ability to buy and sell bitcoins.
When people ask, “What is Hyperledger?”, the answer I give is always “Do you mean The Linux Foundation Hyperledger Project, or do you mean one of the ledger technologies confusingly called Hyperledger Fabric?”. The first is a group of people, the second other is a bunch of code.
We rely on economic theory to discuss how blockchain technology and cryptocurrencies will influence the rate and direction of innovation. We identify two key costs that are affected by distributed ledger technology: 1) the cost of verification; and 2) the cost of networking. Markets facilitate the voluntary exchange of goods and services between buyers and sellers.
R3 is a Blockchain technology company that leads a consortium of more than 70 banks/financial institutions. It took them more than one year to build and release a prototype of Corda. Let’s dive in and see what Corda is and how we can use it.
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