Bits and stuff: flight delays, volatility and Dogecoin – Sept 18, 2017

My article on CoinDesk this week, on the potential impact of blockchain on insurance – starting with a small project adorably named “fizzy”.

— x —

One of the better cryptocurrency infographics I’ve seen, via Visual Capitalist:

via Visual Capitalist
via Visual Capitalist

— x —

I don’t agree – the volatility comes (for now) from the relatively low fixed supply. Strong inflows can move the price. Gold is (sort of) fixed, too – but it’s more abundant.

And, if the gold supply turns out not to be fixed (if price shoots up, it becomes more profitable to search for gold everywhere), then the price will come down (and a lot of mining will stop being profitable, so supply will stabilize).

Also, market jitters.

— x —

A good article in the New York Times on the charm of Dogecoin and the fragility of initial coin offerings (ICOs), with a delightful analogy:

“If you’re having trouble picturing it: Imagine that a friend is building a casino and asks you to invest. In exchange, you get chips that can be used at the casino’s tables once it’s finished. Now imagine that the value of the chips isn’t fixed, and will instead fluctuate depending on the popularity of the casino, the number of other gamblers and the regulatory environment for casinos. Oh, and instead of a friend, imagine it’s a stranger on the internet who might be using a fake name, who might not actually know how to build a casino, and whom you probably can’t sue for fraud if he steals your money and uses it to buy a Porsche instead. That’s an I.C.O.”

— x —

Jaw-dropping – a Banksy homage to Basquiat…

(via Hyperallergic)

(via Hyperallergic)
(via Hyperallergic)

Leave a Reply

Your email address will not be published.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