Daily Bits – books, crashes and vodka – June 13th, 2017

MoneyConf was fun, and a very slick production (they have an impressive event app, with a smooth signup and easy chat function). It’s intriguing how enmeshed blockchain is becoming with fintech in general. One of the panels had CEOs from both blockchain and non-blockchain companies talking about technology in trading. And I got to interview fintech expert Brett King, not exclusively about blockchain, but obviously that was the focus.

Here are the articles I wrote for CoinDesk on the event:

The best part for me? The incredibly cool, smart and fun people I met. 🙂

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I may have mentioned that I’m a sucker for book lists. Love them. They motivate me to reorganize my life so that I have more time to read. They make me hopeful for a future in which I am smarter and better informed.

Today I came across a website that is NOTHING BUT BOOK LISTS!!

Fivebooks lists the top five books as recommended by a range of thinkers, writers and doers. Addictive, hypnotic and the black hole of time management.

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And speaking of books, check out these stunning libraries, via MyModernMet.

photo by Thibaud Porier, via MyModernMet
photo by Thibaud Porier, via MyModernMet

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A few days ago the International Business Times carried the best explanation of Quorum that I’ve seen:

“As to monetisation, J.P. Morgan insists they are committed to a long term view. If Quorum is Apple’s iOS, then smart contracts are apps like Angry Birds. Giving away the operating system means there’s a huge base to buy into new products later on, and therefore no plans to commercialise the existing platform. Possible interoperability with both public chain and other closed enterprise blockchains like those in development by IBM, Intel, Digital Asset Holdings, and a slew or others means Quorum can have their cake and eat it too.”

It also had a pretty good description of the Enterprise Ethereum Alliance:

“The Enterprise Ethereum Alliance (EEA) is a still-forming, non-profit trade organisation out to define standards so applications built on one Ethereum-derived platform run on another, and also ensure there is enterprise-grade tooling and support when corporates are ready to flip the switch.”

And it had an interesting observation about enterprise interest in blockchains in general:

“Any sufficiently adopted permissioned chain starts to look a lot like a public chain,” said [Amber] Baldet, “and even though it might not be open to the entire world, you are only as secure as your most malicious member.” The more robust the network, they suppose, the less risky it will be to do business in markets currently out of reach. It’s this potential opportunity for top line revenue that gets Fortune 500s excited even more so than simply cutting today’s paperwork load.”

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A lone voice crying “be careful!”. (Ok, not so alone, but with so many ICOs emerging, and ETH prices continuing to go up, it seems like it.)

Whalepanda on Medium – I was wrong about Ethereum.

“At one point it will crash, hard. What the trigger will be? Bug(s) in smart contracts, major hack, big ICO startup that fails/fucks up, network split, even something as silly as not having a decent ICO for a couple of weeks which creates sell pressure from miners and ICO projects can cause a big crash. It’s not a question of “if”, it’s a question of “when”. That being said: Markets can remain irrational for quite a long time.”

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Talk about viral advertising:


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