March 9

Recommended read.

“Today Ethereum’s native currency, Ether (ETH), serves as the primary reserve asset supplying economic bandwidth for its money protocols and financial applications. 

Importantly, Ether supplies the most valuable form of bandwidth—trustless economic bandwidth. Ether is trustless value supplying economic bandwidth for Ethereum’s permissionless money protocols.

ETH, BTC, and gold are some of the three most trustless forms of economic bandwidth in existence today.

Since Bitcoin is limited by the functionality of its network it serves more as a network for peer-to-peer value transfer rather than a network for programmable money. Most of Bitcoin’s money verbs require a trusted crypto bank.

That’s why ETH is so important. The expressivity of Ethereum means we can create an entire money system inside the Zero Trust quadrant.

See Also: Ivan on Tech Interviews Ryan Adams (Video)

EthLondon: Vitalik and Joe Lubin on Ethereum 2020

“Building that battery involves the carbon footprint of large-scale mining, multiple stages of chemical refining and it’s all geographically dispersed. And of course, China uses a lot of coal-fired electricity.

Blockchain is an essential first step in accounting for this complexity. 

You can’t reduce something you can’t measure. So if this is the flow of my material and I understand the carbon footprint of each segment of transport or manufacture along that way, I can engage my tier-one suppliers, my battery manufacturer, for example, in a conversation about balancing sustainability with price. At the moment it’s all about price.

Car manufacturers are interested because they all have carbon neutrality targets. Buying a slightly more expensive electric battery component from a manufacturer that uses hydropower could potentially knock five years off their carbon neutrality footprint.”

“If your business comprises of more than 1 person, an externally owned accounts is not a secure way to manage your crypto business’s funds. If an employee goes rogue or is careless with the private key, the funds are gone forever.

Enter the multisig. The Gnosis Safe Multisig is a smart contract wallet running on Ethereum that requires a minimum number of people to approve a transaction before it can occur (M-of-N).

On top of that, the Gnosis Safe multisig gives you complete self custody over your funds and takes just 60 seconds to set up.”

See Also: DeFi Dive: RenVM – Interoperability for DeFi

“Boeing has partnered with multinational aerospace conglomerate Honeywell to use its GoDirect platform to track and sell $1 billion worth of excess airplane parts using blockchain technology. Honeywell’s GoDirect platform comprises a customized version of Hyperledger Fabric.

The aviation industry has traditionally relied on a headache-inducing web of paper certificates pertaining to each individual part, their original manufacturer, and current safety standards.”

“David Sønstebø, the founder of Iota, revealed that he will personally fully repay all 46 victims of last month’s Iota hack to the tune of 8.52 million MIOTA — worth roughly $1.97 million at the time of writing.