What is Monero?

When you think about Monero (XMR), think about privacy. Monero is an open-source cryptocurrency, created in April 2014, that uses a type of blockchain in which no outside observer can tell the source, amount or destination of transactions.

What that means for financial privacy advocates is good news: payments and account balances remain entirely hidden, which is not the standard for most cryptocurrencies.

The bad news is that makes Monero popular to those interested in evading law enforcement, or those on the dark web buying illegal substances.

Even the actual coins themselves differ in an important way from Bitcoin (for example). Each Monero unit is fungible. This means any two units of Monero can be mutually substituted and there is no difference between the two. Bitcoin is not.

As a further example, although any two $1 bills are equal in value, they are not fungible because each carries a unique serial number. On the other hand, two pieces of 1 oz. gold of the same grade are fungible, as both have the same value, and don’t carry any distinguishing features. Using this analogy, a Bitcoin is the $1 bill, while a Monero is the gold piece.

Monero, with its non-traceable transaction history, offers participants a much safer network and they don’t run the risk of having their crypto units being refused or blacklisted by others.

The Future of Financing Blockchain

This panel discussion was held in Toronto at the Blockchain Futurist Conference in August 2018.

Panel speakers include Andrew Kiguel (Hut 8), Michael Bucella (BlockTower), Eric So (Globalive Technology) and  Michael Hyatt (Hyatt Family Office).  The discussion was moderated by Christine Lee, (Co-Founder & Head of Media, Blockchain Advisory Group).

Hyatt stated that people who were raising money via ICO’s in 2017 were doing something akin to crowdfunding. The future of blockchain financing is “show me” that you can make money, just don’t tell me you have a good idea.

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Charles Hoskinson Discusses Cardano and Business Success

Charles Hoskinson is a former co-founder of BitShares, Ethereum and Ethereum Classic and is a co-founder of Cardano.  Hoskinson is currently the CEO of IOHK, a technology company that leads the development of Cardano (ADA) and Ethereum Classic (ETC).

In this interview he talks about solving real-world problems with blockchain and cryptocurrency, citing examples in Africa, where the interview was held.

Hoskinson refers to Cardano as part of a 3rd generarion of cryptocurrencies.

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Crypto Falling Headlong into the Chaos of a New Financial Framework

John Biggs makes the case that “Crypto is falling because the people in it for the short term are leaving. Long term players – the Amazons of the space – have yet to be identified.”

I concur.

Having lived through (and been adversely effected by) the dot.com crash at the turn of the century, I see nothing more than a natural evolution of blockchain and crypto finding its feet while falling headlong into the chaos  of a new financial and business framework.

A real market shakeout could establish the environment for sensible innovation to solve serious issues from fundamental direction of just how decentralized world commerce should be in coordination with the technical ability to quickly process the same commerce. 

The technical stuff will be solved.

The policy and political stuff (or lack thereof) is a battle worthy of thoughtful consideration. 

The opposing philosophies vying to shape today’s blockchain battles have the potential to define things well into the future.  By the time much of the world has a chance to consider if blockchain and cryptos should be subject to more or less government regulation, the ramparts may have already been established.

It’s the end of crypto as we know it and I feel fine

Crypto: The Good, Bad and Ugly

Jeff Berwick is Editor-in-Chief at The Dollar Vigilante, which represents itself as the economic thinking of libertarian purists (anarcho-capitalists), grounded in free-market Austrian economics.

This talk was held at the Blockchain Summit London.

Berwick speaks of the historic rise of Bitcoin as the biggest threat to central banks and governments in history. He describes central banking as a scam which impoverishes the 99%.

He discusses how central banks and the Rothchilds use money to control the population and the world.

The following are notes from his presentation:

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Incentivizing Employees With Tokens vs. Equity

Tokens that are readily available to trade on an exchange are more liquid than equity.  Hence, tokens provided to early employees as an incentive for early support in a new company’s evolution are more beneficial to the employees, since they can convert them to cash right away.

Of course equity requires that employees devote themselves to the long-term success of the company to benefit from a liquidity event some day in the future.  This would seem to better support the future of the business and hence the employees.

We’ll see how the new blockchain economy plays out with blockchain startups as time progresses.

Tokens can better incentivize startup employees than equity

Coinbase to Become Crypto NYSE?

Brian Armstrong is CEO of Coinbase, which has recently grown to over 500 employees (founded in 2012).  Coinbase is working to establish an open financial system for the world that will create innovation, efficiency and economic freedom.

They aim to be the trusted, legal compliant place for people to trade crypto.

In this Techcruch Article (and video) the company is described:

Coinbase is known for being the most popular exchange for converting fiat currency into crypto — most of the largest traded exchanges are crypto-to-crypto — but he foresees a future in which it plays host to a growing number of cryptocurrencies as it becomes standard for companies to create their own token, which runs alongside equity as an alternative investment system.

Armstrong states the investment phase is driving the crypto market but the utility of blockchain is where the long-term value exists.

Armstrong articulated that:

Web 1.0 was about publishing information, web 2.0 was about interaction and web 3.0 is going to be about value transfer on the internet because now the web has this native currency and so applications can be built that instantly tap into this global economy on the internet.

Coinbase plots to become the New York Stock Exchange of crypto securities
https://www.coinbase.com/

The Liabilities of Uncertain U.S. Crypto Regulation

Ripple CEO Brad Garlinghouse, whose company created cryptocurrency XRP, and Michael Arrington, the founder of TechCrunch, who now runs a dedicated crypto fund, shared their thoughts at TechCrunch Disrupt San Francisco yesterday.

Among a number of blockckain and crypto points, they discuss regulation, or lack of it in the United States. Arrington emphasized that the lack of regulatory clarity is “single-handedly fucking the next stage of technology development.”

Arrington also noted that he does not like EOS.

Inside a Cryptocurrency Mining Epicenter

This video visits two of the largest cryptocurrency mining centers in the United States and points to the benefits and drawbacks they provide their local economy. The drawbacks are primarily related to the energy consumption required for crypto mining.

Although there are some incorrect technical points regarding specifics related to the hardware in use, the video does address core issues around the controversies. However, for some reason, the video producer chose to show a Bitcoin chart that is out-of-date, presenting the highs at the end of 2017 and ignoring the bear market of 2018.