The Week In Bitcoin - Issue #93: Spotify Acquires MediaChain, Balaji Drops Some Blockchain Knowledge & Other News From The Week

This week Spotify made a smart bet by acquiring MediaChain - a digital rights on a blockchain startup
The Week In Bitcoin
The Week In Bitcoin - Issue #93: Spotify Acquires MediaChain, Balaji Drops Some Blockchain Knowledge & Other News From The Week
By The Week In Bitcoin • Issue #35
This week Spotify made a smart bet by acquiring MediaChain - a digital rights on a blockchain startup.  
Also, Balaji S. Srinivasan (CEO of 21 and Board Partner at a16z) held a Q&A session on Product Hunt this week. Although, not entirely 21.co related, he did answer a question on blockchain development that I thought provided a great framework for getting started with blockchain related applications. I’ve extracted it below.
[Question:] What would be the best way to start learning to develop Blockchain applications?
  • First, I’d master database and cryptography fundamentals, with something like Dan Boneh’s course for the latter.
  • Then, I’d read the Bitcoin.org and Ethereum documentation.
  • Then, you should write short Python or Go scripts to do things like printing out the blockchain, formatting and signing a transaction by hand, managing private keys, that type of thing. This will give you a feel for the raw data structures.
  • After doing all this, I’d take a look at application libraries like Ryan Shea and Muneeb Ali’s new blockstack.org
The reason I’d do it in this order is that you would learn fundamentals first before proceeding to the cutting edge.

— Alan Tsen, @alantsen 👊💯
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News This Week
From inception, the mission of Mediachain Labs has been to build a more connected world for creators. Inspired by the disruptive technology behind Bitcoin, we set out to explore how the next…
Community Q&A with Balaji S. Srinivasan. CEO of 21 and Board Partner at a16z
There is a new controversy regarding a feature in the firmware of Bitmain’s Antminer series of Bitcoin miners which allegedly claims that Bitmain can remotely shut down Antminers. This feature was designed and coded by the same team that is responsible for the firmware of Antminers. As the firmware has always been open-source, the feature was never intended to be malicious.
Although it’s still in its infancy stage of being used outside of the financial arena, blockchain technology is slowly showing signs of impacting other industries.
On the tip of everyone’s tongue in the digital advertising arena is blockchain technology. Just as recent as this January, ethereum-based blockchain technology company adChain partnered up with decentralized application studio ConsenSys with the goal of specifically developing a blockchain solution for the online advertising industry.
JP Morgan has officially exited the global bank consortium led by distributed ledger startup R3.
A representative of the bank confirmed the departure when reached, but declined further comment. The news was first reported by Reuters earlier today.
If you’ve spent any amount of time on the internet over the past several years, you’re no doubt familiar with the “fail whale” that plagued Twitter in its formative years. Users would log into the service, only to be confronted by a graphic of a whale with the message: “Twitter is over capacity.” Ultimately, Twitter’s fail whale problem came down to scalability, and it’s the same issue that’s facing blockchains today.
My prior posts have tended to be largely focused on the economics of Bitcoin. Lately, I’ve been paying more attention to the psychology and sociology of Bitcoin. I’m not a cultist or a religious…
Something is going on in the cryptocurrency world, but it’s hard to figure out why prices are jumping. Both bitcoin and Ether prices are currently trading at an all-time high.
omeone asked today how to call a smart contract with a button, and I didn’t know where to send them, so I decided to write this really quickly.
In this post I’m going to give a simple but hopefully effective demonstration of how a JavaScript developer would create a web page that is able to call a smart contract, and send money (Ether) to it, with a single click.
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This week, Gnosis launched a token and sold 4% of them for 250,000 ether… in less than 15 minutes. This comes to around $12.5M USD and implies a total token valuation of $312.5M. If killer apps prove the core value of larger technologies, Ethereum tokens surely prove the core value of blockchain, made evident by the runaway success that tokens have brought to these new business models.
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