11 April

“Reddit is experimenting with “Community Points” – a new system for subreddits (communities) that gives power users extra benefits. These Community Points are apparently stored using Ethereum’s ERC-20 token standard.

Reddit controls all karma, while the community points are ERC-20 tokens and therefore exist outside of Reddit’s control. Points can also be used to buy “Special Memberships” granting the right to use emojis and GIFs in comments or weight polls.

Reddit users can access their Community Points through the Reddit mobile app.”


Good interview with Pomp

“On Thursday, Hayes wrote a company blog post predicting that governments are set to ‘embark on the greatest fiscal stimulus binge the world has ever seen. Because unemployment will be so high, tax revenue won’t be sufficient to cover the budget outlays.

It will not be paid for by tax receipts,’ he wrote. ‘It will be paid for by the printing press,’ and at that point, inflation becomes a forgone conclusion.

There are only two things to own during the transition to whatever the new system is, and that is gold and bitcoin.”


Investors are paying a 515% premium to buy Ether through the Grayscale Ethereum Trust. That means it’s five times more expensive to buy Ether via the trust than on the open market.

The ETHE trust is targeted at investors willing to pay more for regulatory oversight and to avoid risk. Grayscale’s Ethereum Trust currently has $195.1 million in assets under management.”


“During January, tokens representing fractionalized ownership in three properties in Detroit, Michigan produced $19,950 in monthly volume. The tokens represent fractionalized ownership in rental incomes generated by the property.

February saw the three properties’ pooled volume increase 25% to $24,393. In March, the addition of three active REST [real estate security token] markets on RealT saw monthly security token trade almost double to $47,584.

RESTs now represent nearly half of active security token markets, and 15% of total volume.”

See Also: RealT


This guy is such a joke 😂

“Wright’s dissertation for his LLM in International Commercial Law for Northumbria University was written in 2008, titled The Impact of Internet Intermediary Liability.

Yet the following screenshot suggests much of Wright’s paper was lifted wholesale from Hillary E. Pearson’s 1996 paper, Liability of Internet Service Providers. As noted in the expository Medium article, the vast majority of Pearson’s paper was either copied verbatim or paraphrased by Wright – all without attribution.

Pearson’s Liability of Internet Service Providers contains 58 paragraphs. Wright appropriated 45 of them; 25 in full and 20 in large part. This plagiarism is extensive and methodical, and cannot be explained away as an oversight in neglecting to cite the author.”

See Also: Full Medium Post


“The recent Bitcoin Cash (BCH) block reward halving has wreaked havoc on the cryptocurrency’s hash rate — with an apparent miner exodus plummeting hash power more than 80% over two days.

As a result, launching a 51% attack on BCH currently costs less than $10,000 per hour, raising concerns regarding the security of the network.

See Also: Bitcoin SV’s First Halving Crimps Profits for BSV Miners


Chico Crypto: Digital Dollar is Coming

The company isn’t going into receivership as its lead investor, FastForward Innovations, claimed last week.

Currently, Factom, Inc. makes most of its money from contracting its services with the U.S Department of Homeland Security (DHS) and other entities. For DHS, Factom’s technology secures data from Border Patrol cameras and sensors. Factom is also part of a project securing data from the national power grid for the U.S. Energy Department.

After the news of Factom’s alleged receivership broke, DHS called a meeting with the blockchain company to ensure that its project would continue, according to Smith. Factom expects to receive three more contracts with DHS for around $600,000 each.

Looking forward, Factom plans to focus on data integrity and data organization, which Snow said will be critical for supply chain and internet-of-things security.”