So far in my ongoing project to IndieWebify my web presence, I’ve upgraded my WordPress site with IndieWeb plugins, installed a blogroll, and subscribed to a bunch of indie bloggers in a modern feed reader (I’m trialling Inoreader, but I’m also still using Feedly – both are great choices). Now I’m curious to see how social media fits into this Open Web picture. After all, my manifesto for AltPlatform was partly based on finding a way to route around the big Walled Garden social networks: Facebook, Twitter and all the rest.
There’s been a lot of talk about ICOs (initial coin offerings, named after IPO) in recent weeks, fueled by a number of companies you’ve never heard of raising ridiculous amounts of money. Status, reported to have raised $64MM; Bancor, another $153MM -a record in ICO history-; and a company, at least I’ve heard once or twice before, Kik‘s announcement of an upcoming ICO at the Techcrunch event — all in one week.
According to the ICO aggregator Smith-Crown, more than $290MM has been spent in such token sale transactions over the past two years. Which cumulatively raise suggestions as to ICO may be the new VC.
New York Times published an opinion article yesterday that suggests ethereum may take over bitcoin as the gold standard of cryptocurrencies. I disagree. And the proof is in the technical details.
Ethereum is a currency that’s vulnerable to hacks. Any cryptocurrency is, but with ethereum, it is more so. In fact, ethereum was hacked once in its less than three years long history. $80MM worth of ethers were stolen, and the Ethereum Foundation decided to change the source code so that the thieves would not be able to use the money. The idea was, this way, the heist would be contained. But, to some, this was no different than governments seizing individuals’ properties, hence against the decentralized spirit of blockchains. As a result, the ethereum-classic hard-fork was born.
There’s no doubt that IBM is not the sexiest company in tech right now and it’s an easy target for bullying. But anyone who has spent some time on cloud-based AI platforms will admit IBM has one of the best offerings in the market right now. IBM’s acquisitions of SoftLayer, AlchemyAPI, Cloudant put them in a strong position in terms of cloud and AI, but especially the intersection of the two.
Cryptocurrency investing is in full swing. BitCoin, Ethereum, LiteCoin valuation spikes are seeing new records unstoppably. In light of Bitcoin’s latest surge, people started questioning whether it’s at its peak and whether it makes sense to dump it and switch to altcoins. I have developed a framework that might help you decide.
When it comes to cryptocurrency trading, there are four traits one should be looking at:
1) Liquidity: The ability for holders to cash out via exchanges and marketplaces.
2) Transactability: A factor of cryptocurrency’s default block mining time. The higher it takes time for a new block to appear, more difficult it is to use in everyday transactions, e.g. shopping for coffee, buying t-shirts, domain names, etc.
3) Anonymity: Whether public eyes can see what’s going on in the ledger, who is buying what, who is selling, etc. In contrast to popular opinion, most cryptocurrencies are not anonymous.
4) Programmability: The ability to develop trustless contracts on top of the public ledger. This is a state-of-the-art advanced concept introduced by Ethereum, which you can skip.