Here is Crescent Crypto’s most recent newsletter which covers 3/26/2018–04/02/2018. If you’d like to receive a weekly recap of the crypto space which you can read in 10 minutes or less, click to subscribe at the bottom of our website.
Vitalik Buterin Proposes Capping Ether Supply at ~120 million
Source: CoinCentral
What happened?
On April 1, Vitalik Buterin authored a post on the Ethereum Github where he proposed setting a hard cap on the total supply of Ether at 120,204,432 ETH, which is 2x the amount sold in the original ETH sale, and ~22% larger than the current circulating supply. In the future, and after the shift to Proof-of-Stake, Vitalik’s intent is that the supply of Ether will reach equilibrium at a point where rewards net with penalties/fees. At the end of his proposal, Vitalik states that if this change were adopted at a point when it is too late to set the max cap at ~120m ETH, then he would suggest a higher cap of 144,052,828 ETH.
On April 2, Vitalik posted on his twitter where he acknowledged that the point of this proposal was to have the community engage in a discussion over the merits of such a change, and implement it if they saw fit. Vitalik then went on to list the following reasons why he believes a change to a fixed supply makes sense.
1)“With ASICs, PoW issuance fails at making coin distribution more egalitarian.”
This is a valid point as the current PoW system favors concentrated mining pools.
2) “With PoS, PoW issuance not needed for security.”
Correct, the model does change under PoS.
3) “With rewards coming from rent + other burned fees, can have rewards without issuance.”
Related to his point of reaching an equilibrium where rewards are offset by penalties/fees.
Why does this matter?
There has long been uncertainty around whether the total supply of Ether would continue to grow indefinitely, or be capped at a finite amount. If this proposal were to be implemented then it would theoretically lead to upward pricing pressure in the future as the scarcity of ETH increases. It’s important to note that a change such as this, even if viewed favorably, could take months if not longer to implement.
What’s the word on the street?
While Vitalik’s Github post is relatively brief, this proposal has certainly led to questions regarding the impact of such a move. Vitalik states that this change would be done “In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances”. Members of the community have rightly asked for greater detail on just how exactly this proposal helps to solve for economic sustainability, especially when compared to a model with an ever increasing supply, or the higher proposed cap of ~144m ETH. Vitalik later went on to post the following link on his Twitter, which he had previously authored in October 2017, detailing why a long run inflationary token is a bad idea.
CBOE Tells SEC They Should Move Forward with bitcoin ETFs
Source: Cointelegraph
What happened?
An ETF (exchange-traded-fund) is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. In January 2018, the SEC issued a letter citing insufficient liquidity and potential risks for manipulation as reasons for why they were not approving a bitcoin or Crypto ETF. In a letter dated March 23, the President of CBOE Global Markets, Chris Concannon, responded suggesting the SEC stop interfering with the development of a bitcoin ETF because they are similar to other commodity-based ETFs. In his letter, Concannon stated that “As the volumes continue to grow, especially on regulated US markets, the overall spot bitcoin market looks more and more like a traditional commodity market and CBOE continues to believe that the spot market is sufficiently liquid to support a bitcoin ETP.” He went on to further support his proposal by declaring that the “CBOE believes that the arbitrage mechanism would function identically to other commodity-related EPS…thereby keeping the price of the ETP in line with the price of bitcoin and limiting the risk of manipulation shares of the ETP”.
Why does this matter?
In the SEC’s letter from January, they raised five concerns about “investor protection” regarding cryptocurrency ETFs: valuation, liquidity, custody, arbitrage, and market manipulation. That being said, the CBOE is suggesting that “the vast majority of these concerns can be addressed within the existing framework for commodity-related funds related to valuation, liquidity, custody, arbitrage, and manipulation.” CBOE pointed out that more than $70 billion in notional value of BTC transactions traded hands in the spot market in December, and that such liquidity would easily support a bitcoin ETF. Meanwhile, the SEC has not approved any of the dozen bitcoin ETF proposals that have been sent their way over the past few months, four of which were submitted by the CBOE. Hopefully the CBOE’s letter encourages the SEC to reevaluate their stance on bitcoin and Crypto ETFs.
What’s the word on the street?
Given bitcoin’s 1,500%+ surge last year, a lot of institutional investors have been sitting on the sidelines eagerly awaiting a regulated way to get exposure to this space. CBOE’s line of thinking here is that ETFs would give investors the transparency and accessibility they have been looking for in this market. SEC allowing a bitcoin ETF would definitely send a bullish signal to, both, the wider community who hasn’t invested in crypto yet as well as investors who have been following the space for years.
Where can I read more?
Coinbase Announces Intention to Support ERC20 Tokens
Source: usethebitcoin.com
What happened?
Last week Coinbase announced its intention to support the ERC20 technical standard, the standard used for Ethereum smart contracts, in the near future. Coinbase offers a suite a products and the implication of this announcement varies across the products. Coinbase Custody, the leading digital asset custodian in the U.S, will likely be impacted first as it expands support for deposits and withdrawals. The custody arm is aiming to generally facilitate the storage of a wider selection of coins relative to the actual trading pairs offered on GDAX and Coinbase. When it comes to trading pairs, GDAX will be the first place that users can buy and sell these new assets as per their . Once an asset is trading on GDAX, Coinbase Asset Management would then be required to add it into the Coinbase Index (CBI), its new marketcap weighted index product, as per the. Coinbase Commerce, Coinbase’s digital currency payment processing product, has no planned ERC20 support at this time. Addition to Coinbase would occur afterwards and requires clearance from their internal asset selection committee.
Why does this matter?
Ethereum based ICO’s have continued to dominate the cryptocurrency fundraising market, leading to some of the largest and most well-known alt coins to be ERC20 tokens. At the same time if you exclude Ethereum itself, Bitfinex is the only top 5 exchange (by 24H trading volume) to offer an ERC20 USD trading pair. Listing ERC20 tokens should both open the door for further mainstream investment into alt coins and could help decouple the correlation between bitcoin and those same coins over time.
What’s the word on the street?
Despite the seemingly bullish nature of this announcement, the overall market decline has caused its impact to be muted. There has been speculation across various podcasts, twitter posts and reddit threads as to what potential coin candidates might be, but without explicit timing from Coinbase, investors and speculators seem to be more focused on timing the bottom of this market wide decline. Listed coins will likely do well initially based both on the coin base effect that we experienced with bitcoin Cash, as well as the fact that Coinbase Asset Management will have to purchase these coins for the CBI tracking fund. Overall, we believe the impact of this announcement would’ve been different had it occurred before this market downturn, but its significance should not go unnoticed in the context of longer term adoption and market penetration.
Where can I read more?
Regulatory Update
The last week was a little quieter on the regulatory front, but a few key developments are:
South Korea’s Ministry of Strategy and Finance is expected to by the end of June, with the intent that these rates would be implemented by next year. Cryptocurrency trading is not subject to taxation under the current framework.Thailand’s Ministry of Finance that include both a 15% capital gains tax, and a 7% value added tax.Kazakhstan’s National Bank is considering a, and the exchange of cryptocurrency for its national currency citing risks associated with money laundering and tax evasion.Anything Else?
U.S. Takes Backseat to China on Blockchain Patents
According to the International Patent Organization, China filed over half of the 406 blockchain patents in 2017. For comparison, US came in second places with 91 applications. This is particularly interesting, given China’s stance on the space in 2017. also notes that the Chinese government is interested in creating its own digital currency secured on the blockchain.
Earlier this year, reported that Bank of America had applied for 43 patents for blockchain as well. Banks have started trying to educate the US Patent and Trademark Office to limit patents that could be used against them as well as ensure they’ll be able to get the patents they want.
Source: EnvisionIP
While applications for patents don’t necessarily all get approved, patents definitely help show how much interest a variety of different sectors and companies have taken to the technology of blockchain. The rate of blockchain patent applications has tripled in the last year alone. Just this past week, Ford filed a patent for vehicle-to-vehicle communication methods that involve the exchange of crypto tokens to facilitate the traffic flow. Intel also made headlines when they filed a patent for a new bitcoin mining chip accelerator. It’ll definitely be interesting to watch how these patents play out and what other companies jump into the game as time goes on.
What we’re watching this week:
What: Global Blockchain Forum
When: April 2–3, 2018
Source:
Things we’re reading this week:
Favorite Tweets:
Originally published at .
Here’s what the team has been up to in March.
Dear POWR Community,
Thanks for keeping us focused on the important work in front of us!
Since our last community update we have:
✪ Announced our , Australia.
✪ Hired more superstars including Marc Van Hoof (Chief Operating Officer), Lara Zeidler (International Market Development Manager), Mili Wijeratne (UX designer. .
✪ Worked hard behind-the-scenes on the development of our Asset Germination Events, the framework of which will be released later this year.
✪ Continued to identify deployment opportunities in North America, alongside our Clean Energy Blockchain Network.
✪ Gave our first of the trading platform, which is being customised for our current project partners, including BCPG in Thailand and Nest Energy in Tasmania.
✪ Started the search for more to join the team due to the uprise in platform use.
✪ Continued our operations at (SHAC) at the White Gum Valley development in Fremantle.
✪ Met with our partners Tech Mahindra in India, BCPG in Thailand and Nest Energy in Tasmania to continue work on our joint projects, which are all underway.
We’re open to queries and feedback at any time, so if you have any questions about who we are or what we’re doing, please contact us via our official social platforms or chat with us on Telegram.
Cheers,
The Power Ledger team
First Commercial Deployment Of Power Ledger Platform In Melbourne, Australia
Power Ledger and energy solutions business Greenwood Solutions have today announced a partnership to bring renewable energy trading to Melbourne.
The site for deployment has been identified in Burwood and will be the first commercial deployment of Power Ledger’s P2P energy trading platform in Melbourne, Victoria.
The deployment will see Greenwood Solutions install solar across strata units using the Power Ledger platform to distribute solar energy efficiently behind the meter.
Meagan & Lara Presenting At Event Horizon
From the 17th — 19th April, EventHorizon will bring together pioneers, experts and visionaries of both the energy and blockchain sectors in Berlin. This year Power Ledger’s Meagan Cojocar and Lara Zeidler will present in the start-up section.
The event serves the best interests of all sectors attending with deep dive sessions to broaden the horizon and start-up pitches to experience the latest breakthroughs.
Dave Presenting At Energy Disruptors
In May, the world’s boldest energy trailblazers will collide in Calgary to redefine future energy, and Power Ledger’s Managing Director Dave Martin will be there to present on the main stage.
Industry thought leaders from every aspect of the energy value chain will unite for two full days, the Oil and Gas industry will join forces with the influencers at the forefront of energy transformation.
The aim is to cross industry and policy barriers, break restraints on thought and harness the powerful potential of human ingenuity and technology.
Other event speakers include Sir Richard Branson, Gianna Manes (President and CEO of ENMAX), Michael Liebreich (Founder and Guest Contributor Bloomberg New Energy Finance), Boris von Borrmann (CEO Mercedes-Benz Energy Americas) .
March Community AMA On Facebook
Power Ledger Analyst Meagan Cojocar, Chief Technology Officer Marc Griffiths and Managing Director Dave Martin answered your project questions live in this month’s ‘Ask Me Anything’.
Jemma At The Australian Financial Review Summit
Watch Environment and Energy Minister Josh Frydenberg, TransGrid CEO Paul Italiano, EnergyAustralia Managing Director Catherine Tanna and Power Ledger’s Dr. Jemma Green on a panel at the Australian Financial Review’s Business Summit.
Power Ledger Featured In GTM Research’s ‘Blockchain In Energy’ Report
GTM Research’s ‘Blockchain in Energy’ independent research report included this graph summarising businesses which have the most projects deployed and planned in the space.
New Hampshire State Committee Session on Energy and Blockchain
James Eggleston from the Power Ledger team was invited by the Global Blockchain Business Council to testify at the New Hampshire State Committee Session on energy and blockchain.
While in the U.S. James also attended and presented at HYSTA’s Global Blockchain Summit in Silicon Valley.
was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.
今天掌门我要给大家传授《葵花宝典》：以消费链CDC项目为例，给大家讲讲怎么快速地甄别垃圾项目。
长话短说，开始吧。首先打开官网，看看概况：
“区块链挖矿小程序” — — 牛X啊，小程序能跟区块链挖矿凑在一起，真是个天才发明。这种创新型人才，不应该出现在人类社会，而应该住在非正常人类研究中心的五星级套房。
上方那个红框“开发者论坛” — — 掌门我使出高超的绝技，每秒单击鼠标左键1000次，但是它就是毫无反应，好吧，原来是个假按钮。
算了，没有论坛，我们去看看团队吧：
看到这个画面的时候，掌门人震精……惊了。
大家在手机上可能看不出个门道，我把右边那男的图片100%展现给大家看看：
不用怀疑是不是你手上尊贵的8848手机出了问题，也不用怀疑掌门人截图是否损失了质量，事实是：
官网的原图就TM这么模糊！！
真是不走心啊！我们韭菜容易吗？拿着真金白银换成的比特币以太坊投资你们，你们竟然就拿张有码的照片来糊弄我们？
你们良心不会痛吗？！
算了算了，男的不管他了，好歹还有个女的：
我们来看看这位米卡扣哈拉是什么来头：
呦，不是女优哦，真的是什么副总裁。这家公司日语写着创业企业家平台什么的。我们去推特看看：
好厉害，竟然有45个人关注！
公司推特创办时间是2017年4月，真是年轻啊。
我们不小心在它的推特发现这个中文消息：
这家伙真眼熟，回官网看看：
看到黄色框没有，原来是顾问团队的人啊！
再看看顾问团队清一色的中国人，你们还不明白吗：那两位所谓的核心管理团队成员，赤果果的就是中国人请来当托的啊！有钱真是可以为所欲为。
看到上面顾问团队中我们框出来的那几位没有？
不知道你们是什么感觉，我是吓了一跳，然后打开小电影欢快的看了起来……
认真的，看到那几位，我只有一个感觉：
物以类聚。
掌门我算是了解中国互联网的，来，一个一个给你们讲讲。先看第二排这位：
帅初不用说了吧？以后看到跟他有关的项目，直接把手机摔了……哦哦，不用那么激动，关机就行。
不过下面这个表格要更新了：
再来看看这位：
黄太吉那几年多火啊！简直就是互联网餐饮界的老大，跟雕爷牛腩的孟醒一起，是所有互联网餐饮创业者必须朝拜的偶像。
然而，过了没多久，终于露出了吹牛的本质：
牛皮一个比一个大，终于吹破了
掌门人没想到，就这牛皮王竟然也开始搞起区块链了啊！
上周我们说“区块链是流氓最后的庇护所”果然没错。
来句题外话，大龙网的申诉被微信驳回去了，哼！
再来看看第一排第一位：
呦呦呦，李明远哦，百度贴吧创始人，百度前副总裁，曾经的李彦宏的接班人。
然而他是怎么离开百度的？
要不是李彦宏念旧，看他创建贴吧有功劳，早就把他送进监狱了！
所以一开始看到这三个人，掌门人说：物以类聚，是有原因的。
那这位杨宁呢？
他是ChinaRen的创始人，没啥太大黑点。但是我们看看他的微博就有趣了：
他2016年之前都没发什么的微博，也看不出他在干嘛。
跟蔡文胜挺熟悉
2016年随着阿尔法狗的热潮，他追到了风口上：
AI的大咖啊，拜服拜服
2017年他没有发一条微博，应该是在人工智能的领域智商不够用。
然而今年2月起，画风大变：
2月7日杨宁接受耳朵财经的采访（这媒体名字起得好，它就是告诉你们，这种人的话，你左耳朵进，右耳朵出就行）
又开始玩区块链了？真是日新月异啊。
不过他说的没错：区块链项目99%是空气。老铁给你点赞！
团队看完了，基本也就可以睡觉了，但是掌门人再教你们一个绝招吧，打开白皮书：
随便找一句有点深度、又比较中性的话搜一下：
结果被我们搜到一样的：
再试一试：
果然还能找到：
那看看这两个白皮书谁更加早出现：
秀币白皮书出现的时间是去年
消费链白皮书出现的时间是今年2月
你看你，又不乖了，被我们发现了抄袭人家“秀币”的白皮书。
（白皮书作者：他们只给了8000块啊！）
到这，就结束了，至于什么路径图，技术可行性，代码库，虽然没必要再看了，但是他也没有呀。
那就这样吧。
简单的技能，你们都学一学，别就只知道看小电影。
跟大师兄一样。
（大师兄：电影都是在你那拷的！）
![Fin du bitcoin [btc] tant qu'il ne se passe pas cela (crypto hebdo)](https://ohiobitcoin.com/storage/2019/01/DQ6SHX.jpg "Fin du bitcoin [btc] tant qu'il ne se passe pas cela (crypto hebdo)")
