Daily Bits – basic income, ICOs and googly eyes – June 3rd, 2017

(Trying something new with the titles…)

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Venture capitalist Albert Wenger muses in his blog Continuations on the advantages and mechanics of universal basic income, and how cryptocurrency can help build such a system.

“This could happen at the existing nation state level and I was pleased to find out that some central banks are actually thinking along this direction. Even more tantalizing is the idea that with crypto currencies such as system could come into existence that lives outside the confines of nation states and helps bring about a global Universal Basic Income.”

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On the usefulness of Google Trends for spotting previously invisible correlations…

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And continuing the theme, this interesting post from Dominik Vacikar on Hacker Noon opens with a comparison of searches for “bitcoin” vs “blockchain”. I confess I didn’t realise the disconnect was so strong.

Dominik Vacikar, via Hacker Noon
Dominik Vacikar, via Hacker Noon

He goes on to explain the difference between hype and bubble – useful and interesting, and it leads me to the conclusion that the talk about bubbles could be pure hype (confusing, I know).

“Trading cryptocurrencies is very social driven — check Twitter, Reddit, Facebook, etc. There are many people trying to hype their own investments, but also many scammers (and I’m not even talking about all the click-bait articles). Given the extreme volatility of most of the coins, this is causing (and will continue to cause) many irrational market moves.”

Dominik throws in a good explanation of crypto trading, and his predictions for the rest of 2017.

“I’m expecting a lot of inexperienced investors will lose money on ICOs — which will further foster discussions about regulation”

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Etienne Brunet offers us a really useful list of companies operating in the ICO space – from protocols to lawyers, from hedge funds to venture capitalists… with a cool market map ‘n all.

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On Thursday I told you about eyebombing… It turns out that there’s a Googly Eyes Foundation!!! Which will send you some much-needed googly eyes! This just gets better and better.

googlyeyes

 

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