Bitcoin Pizza Day: Celebrating the Pizzas Bought for 10,000 BTC 🍕🎉

To date, the Australian regulators have taken a soft touch approach to crypto and ICOs.  Their recent statements, however point out what should be the bleeding obvious ... just because you are selling a crypto solution, you don't have license to engage in deceptive conduct or act fraudulently.  At the end of the day, you're still dealing with other people's money. The general laws of business conduct in countries to which an ICO is being marketed still apply to crypto businesses.

Rather than feel constrained by this, investors should take considerable comfort.


Read on ...

https://www.coindesk.com/australias-securities-watchdog-moves-halt-deceptive-icos/


Here's a great article that helps new players understand the sometimes interchangeable use of "coin", "Currency" and "token"

https://medium.com/@stream_space/tokens-vs-cryptocurrencies-a22046202dc0


Busting some of the myths and assumptions around the world of crypto

The threads on telegram for two dacxi chat rooms are empty... why so? 

__owner_unit_wo_info__

Everything you want to know about DAG structure and IOTA

=share" rel="noopener noreferrer" target="_blank">https://www.youtube.com/watch?v=ivWqqfzunhI=share


__owner_unit_wo_info__

The Future (of Cryptocurrency) is Female.

Empowering women in the brave new world of crypto. Ladies come and join the conversation! 

Everyone's heard of Silicon Valley Maverick and Digital Prophet Keith Sizzle. His apps have topped every app store, and he's made his name by constantly changing the game. And now, he's giving the public a first-hand look at his newest creation, Bacoin - the only cryptocurrency backed by the gold standard of bacon - Oscar Mayer. And with Oscar Mayer’s help, Keith is releasing these Bacoins to the public for a very limited time and you can be a part of it! Check out Keith's announcement to see how you can get your hands on…the future!

https://www.youtube.com/watch?time_continue=133&v=RgXmKfcWhBc

On the 22nd of May 2010, a developer called Laszlo Hanyecz bought two Papa John’s pizzas for 10,000 bitcoins, worth around US$40 at the time. This is believed to be the first real world bitcoin transaction.  The current USD value of those two pizzas or 10,000 bitcoins is around $80 million. May 22 is now known as Bitcoin Pizza Day.

To that end, the organization has launched "The Hope Page" - a website that mines cryptocurrency with the help of visitors' computer processing power.

According to the website, The Hope Page allows visitors to select how much processing power they want to contribute to the mining process. The longer they stay on the site, the more cryptocurrency is mined.

https://www.coindesk.com/unicef-taps-in-browser-mining-to-raise-funds-for-children-in-need/

Japan’s Financial Services Agency (FSA) is pressuring regulated exchanges to drop three of the biggest anonymity focused cryptocurrencies: Monero, Zcash and Dash. This will play out around the world and privacy coins will find a home at decentralised exchanges. What happens if and when Bitcoin adds a privacy layer?  https://www.trustnodes.com/2018/04/30/japans-fsa-pressuring-exchanges-drop-monero-zcash-dash

diwgabeihdeqgcqkze4m5majjuzujfeq.jpg

Meet the 26-year-old ex-Googler who got $133 million for a cryptocurrency startup that could replace money completely

Basis CEO Nader Al-Naji just got $133 million to fund his stable cryptocurrency startup Basis, from top tier investors like GV (formerly Google Ventures), Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz, and Sky9 Capital.

Al-Naji's passion for cryptocurrencies began with a bitcoin mining rig he built in his Princeton dorm.

Al-Naji quit his job at Google in order to work on his cryptocurrency, called Basis, which has a stable value determined algorithmically. In theory, that will make it more useful as a currency, and not just a vehicle for speculation.

http://www.businessinsider.fr/us/basis-ceo-nader-al-naji-interview-on-funding-and-cryptocurrency-2018-4

Australia's corporate watchdog, ASIC has said it will look to make it clear that simply registering a business and its ICO overseas does not exempt you from Australia law if the ICO is sold to Australian investors.  This is a more nuanced and sensible approach than the US, which simply says that all ICOs are securities offerings and cannot be made to US citizens with our going through a licensed exchange.  The result of the latter approach has been the development of a raft of hybrid, complex structures to geta round the regulation.  The Australian approach has led and will lead to companies still doing ICOs in Australia and marketing to Australians form overseas, but understanding that consumer protections will be enforced.

https://www.coindesk.com/australias-securities-watchdog-airs-concerns-about-overseas-icos/


“Quebec is one of the best places in the world for mining, thanks to low cost electricity, cool temperatures, and high-speed internet. There's a lot of data centers in Montreal and they'll rent you a space for your own server or ZTE smartphone--Sugar S11. Since you'd be paying about half to 1/3rd the electricity price of Ontario, then the added expense of rent is well worth it”  

__owner_unit_wo_info__

Prior to mid-2017, new and innovative companies raised virtually no money from the Crypto World. Now, Initial Coin Offerings (ICOs) are becoming mainstream. What could cause the ICO phenomenon to grow by another order of magnitude?

In its ‘Venture Pulse’ review of the global Venture Capital (VC) landscape for 1Q18, global consultant KPMG noted that ICOs have ‘become more mainstream’ as a source of funding for start-up companies. This has been partly because the regulators in some countries - such as Japan and Switzerland - have supported ICOs. It is also because ICOs are widely regarded as being far easier to undertake than Initial Public Offerings (IPOs) through conventional stock markets.

There has indeed been an explosion in funding through ICOs. Coindesk’s ICO Tracker data indicates that there were usually only one or two ICOs per month globally, and never more than eight, through the three years to the end of 2016. There have been at least 50 per month since October 2017, and 78 in December last year alone. Prior to mid-2017, the norm was for less than US$15mn to be raised through ICOs each month. Some US$1,442mn was raised in December last year, followed by US$1,790mn in January, US$2,382mn in February and US$2,158mn in March.

Although some of these most recent numbers may have been inflated by private placements of crypto-coins to investors, the Crypto World has acquired a scale where it really could have an impact on VC markets - especially in relation to the funding of start-up companies. By way of comparison, KPMG noted in its report that ‘first time’ (i.e. mostly start-up) companies raised around US$3,000mn through 1Q18 in 635 deals.

The surge in activity in the Crypto World is even more extraordinary when you consider the eco-system on which it is based - or the lack of it. Most of the 200 or so crypto-exchanges are new, offer only a limited number of crypto-coins, and are not well equipped to handle ICOs. Worse, they generally serve investors in only one country and often operate in a regulatory grey zone. 

For all these reasons, there have not really been properly organised communities of investors. The activity that has taken place has overwhelmingly been due to first-time investors (or speculators) going to the crypto-exchanges, rather than being attracted to them. There are undoubtedly plenty of Crypto-VC entrepreneurs. However, they do not constitute an established community, linking scientists, innovators and financiers, like the cluster in the United States’ Silicon Valley.

Now, imagine what could happen if someone could address these problems simultaneously - producing a Crypto World with efficient and regulated exchanges, informed retail investors and proper clusters of Crypto-VC entrepreneurs…

The shop is a welcome addition to the steadily growing crypto sector in the Balkan country. The team behind the project plans to expand to all major Croatian cities and even other countries in the region.

https://news.bitcoin.com/new-store-sells-cryptocurrencies-for-regular-old-cash-in-croatia/

__owner_unit_wo_info__

If you’re born in 2018 you’ll never use paper money.

Baby Boomers: 1946 – 1964

Generation X: 1965 – 1977

Millennials: 1978 – 1995

Generation Y: 1996 – 2017

Generation CRYPTO: 2018 -

The year is 2018. Donald Trump is the current president. Every day it becomes increasingly likely that Kanye West will be the next. Jet-packs are not yet ubiquitous but self-driving electric cars are. Our private living spaces are being invaded by emergent new alien life forms that come with names like Alexa and Siri. One day soon they will become sentient. 

Welcome to 2018. Newly created humans born in this year and beyond can be best understood as Generation Crypto. Cash money. C.R.E.A.M. Dollar dollar bills y’all. That shit is over. They will grow up a world where cash or paper money is phased out. Gradually, and then suddenly. Cash was king but in a digital world cash is no longer relevant. Traditionally there are precisely two use-cases for cash. Small, micro transactions such as buying coffee or tipping waiters. That’s one valid use case for cash. The second? Buying black market goods or paying for any transaction that you don’t want your family, government or bank to know about. Any other transaction you can use your credit card or bank account.

This is all about to change. As blockchains start to scale, and new technology such as the Lightning network on Bitcoin starts to mature, crypto micro transactions will become trivial. So trivial that it won’t make any difference whether you’re paying for your coffee or tipping your waiter in person or paying someone on the other side world to upgrade your particle oscillator communication device or micro-tipping someone online to thank them for being a good host in your VR world of choice. Payments for anything, big or small, will simply be more efficient on the blockchain. And banks? They just won’t be needed.

Those more delicate payments we mentioned? The ones you’d like to keep discrete and anonymous? Those will be facilitated by the next generations of the privacy orientated cryptocurrencies of today such as Monero, Dash and Zcash. The future is likely to be abundant in all kinds of vice, both physical and virtual. Vice means big business and the privacy cryptocurrencies of the future will be vast, unhackable and untraceable. 

The transition to this blockchain powered future is already underway. Look around and the signs are obvious. You might have noticed that teenagers, who have never known a world where it’s possible to not be online and constantly connected, are increasingly intolerant to incompetence and inefficiency. 

The old ways make no sense to them. This generation are spearheading the growing wave of digital banks that exist in the digital realm only. They have no staff, just a series of algorithms and AIs that have become so ruthlessly efficient it isn’t possible to tell if they are human or not. The Turing test? It has been passed.

Welcome then to Generation Crypto. The generation that will disrupt everything. Politics as usual is dying. Generation crypto will tokenise the world. Democrats and Republicans will be made irrelevant. Trump is the first wave of this. Kanye will be next. This is inevitable. Generation Crypto will ICO themselves into an overwhelming, unstoppable politically charged and culturally devasting tsunami of exponential change. Democracy itself will be put on the blockchain and for the first time in human history decision makers will be forced to have skin in the game. Generation Crypto is here and nothing will be the same again. 

... or jump to: 2018

Close