The Week In Bitcoin - Issue #80: Being At The Bleeding Edge Sucks

Being At The Bleeding Edge SucksBlockchain tech is really still at the bleeding edge. There's still s
The Week In Bitcoin
The Week In Bitcoin - Issue #80: Being At The Bleeding Edge Sucks
By The Week In Bitcoin • Issue #22
Being At The Bleeding Edge Sucks
Blockchain tech is really still at the bleeding edge. There’s still so much to be solved in this space. Problems arise and they are generally quickly solved by teams of passionate (and mostly volunteer) developers looking to build something cool. This has in many ways characterised the last few years of life in blockchain land - a bug, an attack, a hacking, a poorly tested code base quickly followed by a patch, a fix and press release.
On top of this, most of the products in this space suck and/or lack utility (eg. Ethereum) - beyond speculation that is. It’s interesting to me that every time I do a quick survey of the blockchain landscape it becomes clear that we’re still at the edge looking out into the unchartered horizon.
Having said this, many of us are here because this is the bleeding edge of finance, it’s likely the plumbing for the next instalment of the web and it’s still so full of promise.
I hope 2017 is a year that brings more clarity to the sector - from a technical perspective, a regulatory and also a community perspective. Here’s to blockchain tech not being so close to the edge in 2017!
— Alan Tsen, @alantsen 👊💯
Ps. If you like what I’m doing here please feel free to share it on your favourite social media network. Also, it’d be great if you forwarded this newsletter to a friend you think might enjoy it.

News This Week
Systems like Ethereum (and Bitcoin, and NXT, and Bitshares, etc) are a fundamentally new class of cryptoeconomic organisms — decentralized, jurisdictionless entities that exist entirely in cyberspace…  •  Share
I don’t often write two posts in a week, but after the warm responses to last week’s post, and in honor of Bitcoin’s 8th birthday today, I thought I’d indulge in one more! I just tweeted that out and…
Although bitcoin is famous for its anonymity level, it is agreed that it is not completely anonymous as there are multiple ways for tracking the sender of bitcoin transactions in most cases. We will discuss the Bayesian method for identification of bitcoin addresses throughout this article.
The Node Explorer – affectionately known internally as the James Bond Viewer – is a new graphical user interface that allows you to experience a Corda network from the viewpoint of an individual node owner – exploring the network map, managing your assets, and viewing any transactions you’ve been involved in.
Bitcoin, a cryptocurrency that uses cryptography to make transactions anonymous, has penetrated deeper into the Indonesian market even though there is currently no legal umbrella for the currency’s use in the country.
The virtual currency Bitcoin has been swept up in yet another speculative frenzy, pushing its price toward the peak it last reached in late 2013. The price of Bitcoin has been buoyed by increased interest from places like Venezuela, where the local currency has lost much of its value, and India, where the government recently removed the largest cash notes from circulation.
2016 might have been a good year for technology – but it was a difficult year for much else.
The UK took a step back on free trade and immigration by voting to leave the EU (causing a fragile EU to teeter toward dissolution); the US elected a president whose transition saw daring squabbles with a country that owns over a trillion in its debt; each of the BRICs shot themselves in the foot (Brazil with corruption, India with demonetization, Russia with Crimea and China with non-performing loans); and the Middle East continued to burn like an oil well on fire.
The Lightning Network is currently under development. It will become a decentralized network that enables instant off-chain transfer of the ownership of bitcoin, without the need of a trusted third…  •  Share
A new kind of hedge fund bets that bitcoin is way more valuable if you don’t think about it mainly as money.
As we kick off 2017, I think it’s important for Coinbase and GDAX to continue supporting more crypto currencies. We are no longer just a Bitcoin company. We are a digital currency company. This past…
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