Blockchain

Posts I've written about Blockchain. Subscribe to my newsletter to make sure you don't miss anything.
Facebook is proposing a new cryptocurrency called Diem. Backed by U.S. Dollars, Euros, and other hard currencies, Diem will be a stablecoin tied to a permissioned blockchain (that one day may become permissionless). Continue Reading →
Crypto under mattress
During an upgrade to the Compound platform, a bug caused the system to transfer close to $90 million in COMP (their cryptocurrency) to random users. In a desperate tweet, Compound’s CEO begged the users to give the money back. He threatened to dox the users. (That’s a slang term for making user identities public or, in this case, reporting them to the IRS.) Then offered a 10 percent reward for “doing the right thing.” Continue Reading →

NFTs and Movies

Zero Contact, a new thriller starring Anthony Hopkins, is set to become the first NFT feature film released on Vuele, which calls itself "the premier direct-to-consumer, feature-length film viewing and distribution platform delivering feature-length films and digital collectible entertainment content as NFTs." Continue Reading →
SparkPool, the second largest Ethereum mining pool, will close its doors by September 30. At this writing, PoolWatch.io says Hangzhou-based SparkPool is responsible for ~122.5 TH/s (roughly 18.5%) of all Ethereum mining. Continue Reading →
Crypto Regulation
China has declared all financial transactions involving cryptocurrencies illegal and is issuing a nationwide ban on cryptocurrency mining. Does this make crypto illegal in China? Not exactly. What does this mean for the crypto markets worldwide? What about the US? How will US crypto be regulated? Are cryptocurrencies considered securities? What about other digital assets? Welcome to the crazy, confused world of crypto regulation. Continue Reading →
cross-chain interoperability
Are you wondering why it is taking so long for blockchain to become as ubiquitous as AI or IoT? One of the biggest stumbling blocks (pardon the pun) is that Bitcoin, Ethereum, Cardano, and the vast majority of other blockchains are proprietary ecosystems (walled gardens) that cannot easily share data or exchange value with other blockchains. This is not a new problem, but there are new, well-funded solutions emerging with exciting roadmaps that point to explosive growth in the near-term. Here’s a quick overview of some projects that have my attention. Continue Reading →

Is Adam Aron a cryptomaniac?

AMC Entertainment chairman-CEO Adam Aron tweeted that in addition to Bitcoin (BTC), the chain will expand its crypto acceptance plans to include Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) for U.S. movie tickets and concessions ordered online by the end of the year, which again raises a very personal question: How do I feel about buying a slice of pizza and a Diet Coke with four (4) bitcoins back in April 2011? Continue Reading →

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