“Let me just basically say how impressed I am by Ethereum, full stop, period.
I’m not willing to say necessarily that governance by staking would put Ethereum 2.0 into a securities classification. It’s still decentralized in a way that your typical company or even a cryptocurrency that really has a company standing behind it isn’t.
The more decentralized it becomes over time and the more that it effectively runs itself, the more likely it is it’s going to fall within the commodity category and not the securities [group].
The whole idea of DeFi really is, number one, it’s obviously revolutionary, and I think at the end of the day could lead to a massive disintermediation of the financial system and the traditional players. And ultimately, [it] could potentially even reduce systemic risk in some ways because we don’t have the finance system concentrated in these large globally, systemically important institutions.
Tarbert did not provide a firm answer about how assets involved in or issued by DeFi projects might fit into securities or commodities laws, noting it could depend on what the digital contracts do and how tokens are distributed.
‘The issue with fair launch, that takes the founders out of it,’ he said. But there are still concerns about market manipulation which the regulators might still have to evaluate.”
“DLT is one of 20 focus areas on the National Security Council’s “critical and emerging technologies” shortlist. Pockets of the U.S. government are already investing in blockchain infrastructure, the Department of Homeland Security most publicly so.
The NSC’s strategy calls for investing in, developing, adopting and promoting the priority technologies. Absent from the document: hard numbers and a concrete roadmap to implementation.”
“The first clear similarity is the use of both online and hardware wallets. In the design of the DC/EP system, there is a unique feature of hardware chip-card wallets. Users can use these chip cards to pay merchants at a range of PoS-like terminals.
Another significant dimension of similarity is one more under-explored feature in the CBDC world – programmability. There are certain programmable components embedded in the data structure of the notes. There are also multiple levels of users within the digital currency system of the DC/EP. For each level of user, there are certain programmable functions enabled for DC/EP usage.
The architecture of the digital yuan could spur central banks all over the world into leveraging similar features.”
“Deputy governor of the Bank of Canada, or BoC, said central banks should have their own digital currency ready should regulators block Facebook’s Libra token. He also noted that such an asset is important as a possible solution for the economic realities of COVID-19.
Lane stated that the Bank of Canada has been developing a central bank digital currency, or CBDC, at “a good pace.”
That’s the nub of the question: whether the answer is Libra or whether it’s something that central banks do. If we’re saying, well, it should be [a CBDC and] not Libra, then we have to have something ready.”
“Filecoin is a system from Protocol Labs meant to be both a decentralized file storage and content distribution network in one.
Despite multiple delays, the Filecoin project has attracted considerable attention, particularly in China where investors have been speculating heavily on the network’s mining hardware and the FIL token.
Of announced projects, one example is Slate, a personal storage service that uses Filecoin and IPFS. Textile is another, which has evolved into a set of developer tools for managing storage.
This was one of the most anticipated launches or token sales in 2017, it took them a long time to go live, I think that’s partly because they took their responsibility really seriously. It’s finally here and it’s one of the few, in my personal opinion, one of the very clear use cases for blockchain.”
“Polkadot has announced that its cross-chain bridge to Bitcoin (BTC) will go live in the first quarter of 2021. This will allow users to tokenize and transact their BTC—as PolkaBTC—on decentralized finance (DeFi) platforms.
The Bitcoin-Polkadot bridge won’t have any central authority and will be run by a decentralized network maintained by regular users and various companies.”
“Taproot would implement Schnorr signatures into Bitcoin, a cryptographic technique for signing transactions that would enable Bitcoin with more flexible (and private) smart contracts.
For the new upgrade to activate network-wide, node operators must adopt Taproot’s new ruleset in place of the older code’s consensus rules. This could take weeks or months, depending on how the review process unfolds for the two leading implementation proposals.
One of these deployment triggers, BIP 8, would create a “signaling” period to allow full and mining nodes to upgrade; after this period is over, an automatic activation would take place for those who haven’t upgraded.
The other method, Matt Corallo’s modern soft-fork activation, is somewhat similar in that it includes a year-long signaling period but it also includes a six-month review process after activation (as well as the added contingency of a two-year activation method not unlike BIP 8 if the first method fails).“
“Even though the CME’s Bitcoin futures deal only in cash, crypto traders and participants pay attention to their price action. Additionally, CME Bitcoin futures participants trade notably bigger positions on average:
A relative number of small trades in a given market is typically statistically insignificant for price discovery purposes. The average trade size on the CME futures market facilitates its lead in price discovery versus the Constituent Exchanges.”
“The book tells 21 (often dramatized) stories of “Blockland” — the cryptocurrency space to you and me — starting with the creation of the first “Golden City of Bit” and the settlers who initially chose to inhabit it.
While all of the underlying stories are true, the use of metaphor and allegory really does bring home what a magical and unlikely path cryptocurrency has taken to get here.
Blockland succeeds amazingly in both mythologizing and explaining the current state of the cryptocurrency industry. This is the cryptocurrency book for people who are too cool to read cryptocurrency books.”
“Announced Thursday, Block.one has released “EOSIO for Business,” an enterprise-focused version of its software featuring Blockchain-as-a-Service (BaaS), consulting, technical support and training and certification programs.
Blockchain cloud services can offer businesses a quick and painless way to spin up digital ledgers on their preferred cloud computing platforms. The enterprise BaaS offering will be using Amazon Web Services.”