Issues » 50

The MIT Media Lab announced the launch of the Digital Currency Initiative. The goal is to bring together global experts in areas ranging from cryptography, to economics, to privacy, to distributed systems, to take on this important new area of research.
Brian Forde
“One, it’s an asset, like digital gold 2.0. Two, it’s a currency in as much as currency is like the digital app that allows you to begin to transact and trade. And, three, it’s also a platform where you can build financial and other products on top of it.”
Reid Hoffman
One of the questions that has perhaps been central to my own research in blockchain technology is: ultimately, what is it even useful for?
Vitalik Buterin
Economics, Markets and Infrastructure
Organ of Corti
Dedicating a small sliver of your portfolio to bitcoin may make sense for a younger, affluent investor who won’t get spooked by sharp swings in value.
WSJ and Eligius claim big transaction fees. Discus Fish, BtcChina and Slush increase network share.
Organ of Corti
The average transaction fee per block has been on average slightly increasing since last June, from 0.25% to 0.5% of the block reward.
Organ of Corti
Legal and Regulations
The tax treatment of bitcoin will likely follow a cautious approach for some time. This will be frustrating to taxpayers at best, but that caution is warranted.
Startups and Projects
Altcoins and Appcoins
“This will be interesting to watch. The faster confirmations and no mining are attractive, but I suspect not worth it at the expense of being unable to trust the consensus. We won’t know for sure unless it’s tried.”
Brian Armstrong
Code and Development
The BitGo engineer shares ideas and a bitcoin hackathon starter app.
Benedict Chan
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Published by Cooper Press and curated by Stanislas Marion