Bitcoin Bits: 28 May, 2016

Hi there! Here’s the roundup of four articles I found particularly interesting from the past week:

— x —

Ethereum is the Forefront of Digital Currency – by Fred Ehrsam, via Medium

Could it be that the co-founder of Coinbase is throwing down a challenge?

“To be clear, I don’t think this needs to be a contest between Bitcoin vs. Ethereum and Coinbase plans to strongly support both. I think this is about advancing digital currency as much as we can. There is a significant amount of overlap between the two, however, so the comparison is valuable and the potential for competition is real.”

So, apparently not, although you wouldn’t guess that from the title. Or the rest of the article, which details some of Ethereum’s advantages: more flexible programming, a more robust developer community, a “healthier” core team, a growth mindset and faster progress.

“Make no mistake — Ethereum would never have existed without Bitcoin as a forerunner. That said, I think Ethereum is ahead of Bitcoin in many ways and represents the bleeding edge of digital currency.”

— x —

"Tokyo Murmurings" - Japan, June, 2015, by Franck Bohbot, via My Modern Met
“Tokyo Murmurings” – Japan, June, 2015, by Franck Bohbot, via My Modern Met

— x —

I’m ditching traditional banks in favor of bitcoin—and you can, too – by Simone Margaritelli, for Quartz

I’m wondering if “dumping banks” in favour of bitcoin will become the new “cord cutting” (dumping cable TV in favour of streaming services).

“I don’t know about you, but honestly I’m sick and tired of the banking system. For one thing, I’m sick of being told to “trust” that my money is safe, even when I have no idea where it is or who is controlling it. With bitcoin, this is never an issue.”

— x —

A Call for a Temporary Moratorium on The DAO – by Dino Mark, Vlad Zamfir and Emin Gün Sirer, for Hacking Distributed

An excellent paper which points out flaws in the design of the DAO, and the resulting security risks. It’s really vulnerable to manipulation, people…

— x —

Bitcoin Catches On With Gold Bugs – by Stephanie Yang, for The Wall Street Journal

Bitcoin as an asset class, rather than a means for payment…

— x —

I hope you have a relaxing Sunday! Unless you like football, in which case I wish you a speedy hangover recovery. I live near the Real Madrid stadium, so I doubt I’ll be getting much sleep tonight…

Leave a Reply

Your email address will not be published. Required fields are marked *