The Week In Bitcoin - Issue #91: Coinbase Is Like Goldman Sachs, Digital Tax Laws Stalled In Australia & Other News From The Week

I'm back after a week off (sorry about that) and I've included the usual blockchain and digital curre
The Week In Bitcoin
The Week In Bitcoin - Issue #91: Coinbase Is Like Goldman Sachs, Digital Tax Laws Stalled In Australia & Other News From The Week
By The Week In Bitcoin • Issue #33
I’m back after a week off (sorry about that) and I’ve included the usual blockchain and digital currency goodness in this week’s issue. 
It’s worth checking out Fred Wilson’s comments on how he sees Coinbase. Also, an issue close to my heart, the taxation of digital currency in Australia gets a run in this week’s issue. The piece is a great reminder of how slow the cogs turn when it comes to regulatory change in crypto land. 
 — 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
Fred Wilson, the venture capitalist known for backing Twitter (TWTR, +0.20%) and Tumblr, has made a big bet on blockchain cryptocurrencies including Bitcoin—and he thinks regular investors should buy some too.
fortune.com  •  Share
The government is still to formally legislate to stop the double taxation of digital currencies in Australia, despite promising to do so more than a year ago.
“The tragedy of the commons is an economic theory of a situation within a shared-resource system where individual users acting independently according to their own self-interest behave contrary to…
medium.com  •  Share
On March 31, Sergio Lerner and the RootStock team proposed “SegWit2MB” to the Bitcoin Core mailing list. The basics of the proposal…
The goal of this proposal is a statement believing in not only in Bitcoin as a global currency usable by all, but also in the spirit of innovation and liberty. We believe that we can maintain those…
medium.com  •  Share
One of the main characteristics of digital currencies that the mainstream media has focused on is volatility. While the volatility of Bitcoin has decreased significantly since it launched in 2009, it…
My quick reaction to the latest salvo of shots fired in the war between Core developers and miners.
The story of how a message board thread, a research paper, and a 2015 Bitcoin conference sparked the war between Core and Bitcoin Unlimited.
A few weeks ago, I joined Bitcoin Unlimited. It is now clear that the real issue never was big blocks or small blocks. The real issue all along was ASICBOOST. I now believe it is highly probable that…
medium.com  •  Share
I’m not a fan of the term “smart contracts”. For a start, it has been used by so many people for so many different things, that we should probably just ban it completely. For example, the first known reference is from 1997, when Nick Szabo used it to describe physical objects that change their behavior based on some data.
If you’re in the Bitcoin community, you probably know of Segregated Witness as (a) a fix to transaction malleability and (b) a boost to the number of transactions that can be included in each block…
medium.com  •  Share
Today, we are announcing a Hello World text and video tutorial for new app developers building on the decentralized internet with Blockstack. We call it “Hello Blockstack” and by following the basic step-by-step instructions, you’ll be able to autogenerate a simple serverless blockstack application that demos
OpenTimestamps aims to be a standard format for blockchain timestamping. The format is flexible enough to be vendor and blockchain independent.
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