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Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Laura Shin - Independent journalist covering crypt

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Unconfirmed: Insights and Analysis From the Top Minds in Crypto
Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Laura Shin - Independent journalist covering crypt

36
Followers
108
Plays
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About Us

Events in crypto take place at warp speed. This weekly crypto podcast reveals how the marquee names in crypto are reacting to the week’s top headlines. With host Laura Shin, the guests also discuss what they’re thinking about these days and reveal what they believe is on the horizon in crypto. Disclosure: I'm a nocoiner.

Latest Episodes

How Tether's Surge on Ethereum Is Affecting Bitcoin

Jacob Franek, cofounder and COO of Coin Metrics, discusses why daily transaction fees on Ethereum have surpassed those on Bitcoin, what daily transaction fees reflect generally about a blockchain, why this change appears to be driven by demand for Tether on Ethereum, and what types of transactions people are using Tether for on Ethereum. We also cover Bitcoin vs. its forks — Bitcoin Cash and Bitcoin Satoshi's Vision — and whether or not the latter two are becoming medium-of-exchange coins as they hoped to be, why they're being used more for data storage and what kind of data is being stored there. Thank you to our sponsors! CipherTrace: https://ciphertrace.com/unconfirmed Episode notes: Coin Metrics: https://coinmetrics.io Jacob Franek: https://www.linkedin.com/in/jacob-franek-b9865039/ ETH daily transaction fees surpassed those of Bitcoin: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F92cbb3e2-4e28-4cd7-8557-db7eea1656c5_1200x742.png For a few months in 2018, ETH daily transaction fees were higher than BTC's: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd2e5e596-39da-4c3a-a6ec-6c4277e1d210_1420x878.png Demand for Tether on Ethereum skyrocketing: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F632ba7b5-de3e-4a9d-b34c-d30a32486070_1200x742.png Ethereum processes more than 2x transactions per day than Bitcoin: https://drive.google.com/file/d/1QD82uclQKUQXp1WT12LMuqTVobkvNKEq/view ETH locked in DeFi rising: https://twitter.com/spencernoon/status/1174048582204309505 Gas per transactions rising on Ethereum, indicating transactions are becoming more complex: https://drive.google.com/file/d/1Q53YFSgwSgtvvd346ARdbFV2ejwX8ZLX/view Non-ETH/ERC-20/ERC-721/Tether transactions are also growing: https://drive.google.com/file/d/1Q4lFfW002Q_L9geNall8E5JSznnzVHZd/view Ethereum miners have been voting up the gas limit: https://www.etherchain.org/tools/gasLimitVoting Increasing the gas limit effectively increases the block size: https://etherscan.io/chart/gaslimit Coin Metrics' comparison of Bitcoin forks: https://coinmetrics.io/a-comparative-analysis-of-bitcoin-forks/#more-1865 Comparison of medium of exchange metrics for BTC, BCH and BSV: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7af691e0-7ee9-4dab-aad3-9e0a8a651542_1048x876.png BSV being used for data storage: https://cdn.substack.com/image/fetch/w_1100,c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff9d22b7a-c133-4086-a553-f7fbecb02227_1200x742.png Almost all BSV transactions come from weathersv app: https://cdn.substack.com/image/fetch/w_1100,c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85817c8b-69a2-42ff-9174-ab4bb81c29e6_1200x742.png Comparison of hash rate on BTC, BCH and BSV: https://cdn.substack.com/image/fetch/w_1100,c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F4e16275d-80aa-48ca-bb84-0ddf7929be49_1387x833.png

25 MIN2 days ago
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How Tether's Surge on Ethereum Is Affecting Bitcoin

How Cryptocurrencies Could Threaten the State

Nic Carter, partner at Castle Island Ventures, discusses the ways in which cryptocurrencies could weaken the state, how they're already providing an alternative to central bank currencies for people in economies undergoing hyper-inflation. He describes why Bitcoin is inherently political, which other coins he views as legitimate and whether coins should always aim to be money or other types can exist. Plus, he explains why he isn't optimistic about Libra and why Facebook should have pegged the value of it to the USD. Thank you to our sponsor! CipherTrace: https://ciphertrace.com/unconfirmed Episode links: Nic Carter's recent Medium post on Bitcoin as a revolutionary currency: https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e Nic Carter: https://twitter.com/nic__carter LocalBitcoins interview on Unconfirmed: https://unchainedpodcast.com/localbitcoins-on-how-bitcoin-trading-compares-across-the-world/ Unconfirmed interview with Dante Disparte of the Libra Association: https://unchainedpodcast.com/libras-dante-disparte-on-why-we-should-trust-a-financial-system-designed-by-facebook/ Michael Casey on why it would be good if Libra rivaled the USD: https://unchainedpodcast.com/why-it-would-be-good-if-libra-rivaled-the-us-dollar/ Coin Center's Peter Van Valkenburgh on why the Congressional hearings on Facebook's Libra were good for Bitcoin: https://unchainedpodcast.com/why-the-congressional-hearings-on-facebooks-libra-were-good-for-bitcoin/ Unchained interview with the IMF on how to design central bank digital currencies: https://unchainedpodcast.com/the-imf-on-how-to-design-central-bank-digital-currencies/

21 MIN1 weeks ago
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How Cryptocurrencies Could Threaten the State

Why Bitcoin Dominance Is at 70%

Yan Liberman, cofounder at Delphi Digital, explains why Bitcoin dominance is back up at 70%, more than double its low at 33% at the height of the crypto bubble in early 2018, why a crypto bear market has a positive effect on Bitcoin and who is putting money into the space now. He also discusses how metrics involving Bitcoin's unspent transaction outputs, or UTXOs, affect price moves, why scaling isn't necessarily so important for bitcoin's price — but is for ether's price — and why the number of developers isn't always correlated to price. Plus, we cover how developments like the launch of Libra will likely affect Bitcoin. Thank you to our sponsor! CipherTrace: https://ciphertrace.com/unconfirmed Episode links: Delphi Digital: https://www.delphidigital.io Yan Liberman: https://twitter.com/YanLiberman Fred Wilson blog post on crypto: https://avc.com/2019/09/some-thoughts-on-crypto/ Pushback on Fred’s post: https://twitter.com/fredwilson/status/1169322053008314368 Electric Capital report on developer activity in crypto: https://medium.com/@ElectricCapital/electric-capital-developer-report-h1-2019-7d836d68fecb Unconfirmed episode with Maria Shen: https://unchainedpodcast.com/electric-capital-on-the-coins-punching-below-their-weight/ Unconfirmed interview with the Libra Association's Dante Disparte: https://unchainedpodcast.com/libras-dante-disparte-on-why-we-should-trust-a-financial-system-designed-by-facebook/ Reid Hoffman's crypto rap battle between Hamilton and Satoshi: https://www.youtube.com/watch?v=JaMJi1_1tkA&feature=youtu.be

22 MIN2 weeks ago
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Why Bitcoin Dominance Is at 70%

Why Ryan Zurrer Would Like to See a New DAO

Ryan Zurrer, formerly chief commercial officer and director at the Web 3 foundation and former principal and partner at Polychain Capital, discusses his recent proposal for a new DAO, reviving one of the most notorious experiments in crypto history. Zurrer explains the way it works, some of the new technologies, such as SourceCred, that he thinks could make a new DAO better than the original, what problem he wants to solve with the DAO, and how it would work. He also talks about why he believes that if the DAO had survived, that the due diligence in the space would be far higher than it was during the ICO craze, and why he thinks that the architecture of the DAO he's proposed will not violate U.S. securities law. Thank you to our sponsors! Crypto.com: https://crypto.com/ CipherTrace: http://ciphertrace.com/unconfirmed Episode links: The DAO white paper: https://github.com/the-dao/whitepaper Ryan Zurrer: https://twitter.com/rzurrer SourceCred: https://sourcecred.io/ CoinDesk article ...

27 MIN3 weeks ago
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Why Ryan Zurrer Would Like to See a New DAO

Accepting Bitcoin Since 2011: Room77 in Berlin

Joerg Platzer, owner of Room77, a bar in Berlin that has accepted Bitcoin since 2011, describes how patrons who wanted to pay with Bitcoin originally had to type long Bitcoin addresses into their laptops, how people's interest in Bitcoin correlates with the markets and how the demographics of the Bitcoin users have changed over time. He discusses why the bar discourages users from sending their Bitcoins from Coinbase, Circle and BitPay, how crypto companies can surveil their companies more than banks do, and how they impose U.S, laws on other jurisdictions. He also talks about the Lightning Network point-of-sale device that they're using, how what he believes to be the first routed Lightning Network payment occurred at Room77, and how surprised he by the number of people eager to pay via Lightning. Plus, he reveals which other coins he is open to, and which ones he is not. Thank you to our sponsors! Crypto.com: https://crypto.com/ CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Room77: http://room77.de/ Joerg Platzer: https://www.linkedin.com/in/j%C3%B6rg-platzer/ 2014 CoinDesk article on Room77: https://www.coindesk.com/evolution-bitcoin-behind-berlin-bar The Room77 Bitcoin Meetup: https://www.meetup.com/Bitcoin-Lab-Berlin/events/qbbwmhyzjbjb/ Photos of some of the Bitcoin-related signs I saw at Room77:

25 MINAUG 23
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Accepting Bitcoin Since 2011: Room77 in Berlin

Electric Capital on the Coins Punching Below Their Weight

Maria Shen, head of data science at Electric Capital, dives into the details of the firm's report on crypto developer activity, which analyzed 27,000 code repositories to find that a recent decrease in crypto developer activity came from a drop-off in one-time-per-month and part-time developers, while full-time developers increased 13%. She explains how this breaks out among coins, how developer activity in Bitcoin and Ethereum have consolidated, what mid-tier coins are also seeing a lot of activity, and which ones appear to be punching below their weight price-wise. She also explains her metric of "active ecosystems," which ones are most active or gaining and gives us projections for further crypto development based on the data thus far. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Electric Capital: https://www.electriccapital.com Maria Shen: https://twitter.com/mariashen?lang=en Full deck of report: https://www.slideshare.net/MariaXinheShen/developer-report-published-august-2019-163234235 Blocktivity: https://www.blocktivity.info Unchained episode with Chris Dixon: https://unchainedpodcast.com/chris-dixon-on-how-trust-is-the-best-lego-block-ep-70/ Most recent Unchained episode with Ethereum's Vitalik Buterin: https://unchainedpodcast.com/vitalik-buterin-on-whether-or-not-ethereum-is-blowing-it/ Unchained episode on Monero: https://unchainedpodcast.com/moneros-riccardo-spagni-aka-fluffypony-on-how-he-feels-about-monero-being-used-for-crime-ep-93/ Unchained episode on Grin: https://unchainedpodcast.com/grin-a-more-private-lighter-bitcoin/ Unchained episode on MakerDAO, part 1: https://unchainedpodcast.com/grin-a-more-private-lighter-bitcoin/ MakerDAO, part 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/ Litecoin: https://unchainedpodcast.com/charlie-lee-on-how-litecoin-can-be-truly-successful/ Unconfirmed episode on the Bitcoin Cash hard fork: https://unchainedpodcast.com/the-bitcoin-cash-hard-fork-bitcoin-abc-vs-bitcoin-sv-ep-046/

23 MINAUG 16
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Electric Capital on the Coins Punching Below Their Weight

Kik's Surprising Move in Its Lawsuit With the SEC

Rebecca Rettig, partner at FisherBroyles, talks about Kik's answer this week to the SEC's complaint, why she predicted they would make this move as opposed to filing a motion to dismiss as many had expected and what their main arguments were. We discuss the key points of their answer, such as the distinction they make between their SAFT sale to accredited investors vs. the token sale to the general public, how we could get new law applied to tokens as well as how the SEC took quotes out of context to make it appear that Kik and/or its board members and other associates said the opposite of what they meant. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Rebecca Rettig: https://www.linkedin.com/in/rebecca-rettig-8b90a284/ FisherBroyles: https://www.fisherbroyles.com Kik's response to the SEC: https://www.scribd.com/document/420998937/Kik-Response-to-SEC#from_embed Katherine Wu's annotations on the response: https://static1.squarespace.com/static/5ac136ed12b13f7c187bdf21/t/5d4a3cfcfe4cc000019dff3b/1565146371923/KIK_SEC_+Answer+to+Complaint_3.pdf CoinDesk article summarizing Kik's answer: https://www.coindesk.com/kik-says-sec-twisted-facts-about-100-million-token-sale CoinDesk interviews with Kik CEO Ted Livingston, and blockchain lawyers Joshua Klayman, Rebecca Rettig and Nelson Rosario on this week's news: https://www.coindesk.com/watch-join-coindesk-live-with-ted-livingston-ceo-of-kik

23 MINAUG 9
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Kik's Surprising Move in Its Lawsuit With the SEC

The IRS Is Cracking Down on Crypto Taxes: What You Need to Know

Chandan Lohda, the cofounder and CEO of CoinTracker, talks about the 10,000 letters the IRS sent to cryptocurrency holders last week, what kinds of letters were sent, what recipients should do depending on what type of letter they received and how the IRS even knew who to write to in the first place. Plus, we discuss which types of transactions are taxable events, where the tax laws still need further clarification, and which types of changes he believes should be made to tax law. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: CoinTracker: https://www.cointracker.io/ Chandan Lodha: https://mobile.twitter.com/cglodha IRS sending letters to 10,000 crypto holders: https://www.wsj.com/articles/irs-sending-warning-letters-to-more-than-10-000-cryptocurrency-holders-11564159523 https://blog.cointracker.io/irs-sends-letter-6173-6174-6174-a-cryptocurrency-warnings-what-to-do/ https://www.forbes.com/sites/kellyphillipserb/2019/07/26/irs-sending-warning-letters-to-more-than-10000-taxpayers-about-cryptocurrency-reporting/#553158e35d3b IRS press release: https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-currency-owners-advising-them-to-pay-back-taxes-file-amended-returns-part-of-agencys-larger-efforts CoinTracker guide to filing crypto taxes: https://www.cointracker.io/bitcoin-taxes

25 MINAUG 2
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The IRS Is Cracking Down on Crypto Taxes: What You Need to Know

Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets

Jeremy Allaire, cofounder and CEO of Circle, explains why the company has opened a new subsidiary in Bermuda, obtained a full Digital Assets Business Act license there and how it plans to create separate offerings for the US market vs. non-US. He discusses why Circle chose Bermuda out of the many jurisdictions that have created crypto-friendly regulations, why Circle believes the SEC's April guidance on digital assets expanded the scope on which digital assets are securities and why regulators should have a new definition for digital assets rather than putting them into existing categories like commodity, security, currency, etc. We cover how much of Poloniex's struggles have to do with restrictive regulations in the US vs. poor business choices on the exchange's part, and why some other US-based crypto exchanges are not having the same struggles. He also reveals what it is that he'll be telling the Senate next week when he testifies in a hearing on regulation for digital assets and blockchain technology. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Circle: https://www.circle.com/en/ Poloniex: https://poloniex.com Jeremy Allaire: https://twitter.com/jerallaire New Bermuda entity and license: https://medium.com/circle-blog/circle-expands-international-offerings-with-new-bermuda-operations-and-digital-assets-business-ff4509ed76b9 https://www.coindesk.com/circle-moves-non-us-poloniex-customers-to-new-bermuda-entity https://www.theblockcrypto.com/2019/07/22/circle-is-opening-up-shop-in-bermuda-seeking-clearer-regulatory-framework-and-it-could-be-its-last-hope/ BTC trade volume: https://www.bitcointradevolume.com Trollbox: https://medium.com/circle-trader/trollbox-is-back-a458e3ec58df Next week's Senate hearing on crypto legislation: https://medium.com/circle-blog/circle-ceo-to-testify-before-senate-on-crypto-regulation-dbaeaeba3a3b https://www.banking.senate.gov/hearings/examining-regulatory-frameworks-for-digital-currencies-and-blockchain The Bermuda rig: https://www.cntraveler.com/stories/2015-01-26/dress-code-how-to-wear-bermuda-shorts

22 MINJUL 26
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Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets

Why the Congressional Hearings on Facebook's Libra Were Good for Bitcoin

Peter Van Valkenburgh, director of research at Coin Center, explains the significance of all the governmental activity around crypto in the last week -- the President's tweets, the Treasury Secretary's and Fed Chair's remarks and of course the Congressional hearings about Libra. We discuss whether Facebook's baggage could harm regulation of the space broadly, just what Libra is and who controls it (especially compared to decentralized networks like Bitcoin and Ethereum), and how that might require different regulatory approaches. We also covered how the lack of partisanship in the line of questioning could affect Libra's prospects, the odds that the draft bill to keep tech out of finance will go through and whether the idea of a Facebook-created digital currency could spur interest in central bank digital currencies. Plus, we talk about what we thought were the most memorable moments of the Congressional hearings, and why we both felt that, amazingly, the hearings seemed to teach Congress about the merits of decentralized networks like Bitcoin and Ethereum. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Coin Center: https://coincenter.org Peter Van Valkenburgh: https://twitter.com/valkenburgh President Donald Trump's tweets about Bitcoin, cryptocurrencies and Libra: https://twitter.com/realDonaldTrump/status/1149472282584072192?s=20 Federal Reserve Chair Jerome Powell's testimony about Libra: https://www.nytimes.com/2019/07/10/technology/fed-chair-facebook-cryptocurrency-libra.html Treasury Secretary Steve Mnuchin's news briefing on cryptocurrencies: https://www.cnbc.com/2019/07/15/treasury-secretary-mnuchin-will-hold-a-news-conference-on-cryptocurrencies-at-2-pm-et.html Senate hearings on Libra: https://www.youtube.com/watch?v=xUQpmEjgFAU House hearings on Libra: https://www.cnet.com/news/facebook-libra-cryptocurrency-hearings-with-congress-day-2-watch-here-live/ Rep. Sean Duffy questioning David Marcus about who can transact in Libras: https://twitter.com/crypto/status/1151531255550230529 Rep. Warren Davidson bringing up a term that has not yet been heard in the halls of Congress — "sh*tcoin": https://twitter.com/bitstein/status/1151586640307064833

42 MINJUL 19
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Why the Congressional Hearings on Facebook's Libra Were Good for Bitcoin

Latest Episodes

How Tether's Surge on Ethereum Is Affecting Bitcoin

Jacob Franek, cofounder and COO of Coin Metrics, discusses why daily transaction fees on Ethereum have surpassed those on Bitcoin, what daily transaction fees reflect generally about a blockchain, why this change appears to be driven by demand for Tether on Ethereum, and what types of transactions people are using Tether for on Ethereum. We also cover Bitcoin vs. its forks — Bitcoin Cash and Bitcoin Satoshi's Vision — and whether or not the latter two are becoming medium-of-exchange coins as they hoped to be, why they're being used more for data storage and what kind of data is being stored there. Thank you to our sponsors! CipherTrace: https://ciphertrace.com/unconfirmed Episode notes: Coin Metrics: https://coinmetrics.io Jacob Franek: https://www.linkedin.com/in/jacob-franek-b9865039/ ETH daily transaction fees surpassed those of Bitcoin: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F92cbb3e2-4e28-4cd7-8557-db7eea1656c5_1200x742.png For a few months in 2018, ETH daily transaction fees were higher than BTC's: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd2e5e596-39da-4c3a-a6ec-6c4277e1d210_1420x878.png Demand for Tether on Ethereum skyrocketing: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F632ba7b5-de3e-4a9d-b34c-d30a32486070_1200x742.png Ethereum processes more than 2x transactions per day than Bitcoin: https://drive.google.com/file/d/1QD82uclQKUQXp1WT12LMuqTVobkvNKEq/view ETH locked in DeFi rising: https://twitter.com/spencernoon/status/1174048582204309505 Gas per transactions rising on Ethereum, indicating transactions are becoming more complex: https://drive.google.com/file/d/1Q53YFSgwSgtvvd346ARdbFV2ejwX8ZLX/view Non-ETH/ERC-20/ERC-721/Tether transactions are also growing: https://drive.google.com/file/d/1Q4lFfW002Q_L9geNall8E5JSznnzVHZd/view Ethereum miners have been voting up the gas limit: https://www.etherchain.org/tools/gasLimitVoting Increasing the gas limit effectively increases the block size: https://etherscan.io/chart/gaslimit Coin Metrics' comparison of Bitcoin forks: https://coinmetrics.io/a-comparative-analysis-of-bitcoin-forks/#more-1865 Comparison of medium of exchange metrics for BTC, BCH and BSV: https://cdn.substack.com/image/fetch/c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7af691e0-7ee9-4dab-aad3-9e0a8a651542_1048x876.png BSV being used for data storage: https://cdn.substack.com/image/fetch/w_1100,c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff9d22b7a-c133-4086-a553-f7fbecb02227_1200x742.png Almost all BSV transactions come from weathersv app: https://cdn.substack.com/image/fetch/w_1100,c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85817c8b-69a2-42ff-9174-ab4bb81c29e6_1200x742.png Comparison of hash rate on BTC, BCH and BSV: https://cdn.substack.com/image/fetch/w_1100,c_limit,f_auto,q_auto:good/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F4e16275d-80aa-48ca-bb84-0ddf7929be49_1387x833.png

25 MIN2 days ago
Comments
How Tether's Surge on Ethereum Is Affecting Bitcoin

How Cryptocurrencies Could Threaten the State

Nic Carter, partner at Castle Island Ventures, discusses the ways in which cryptocurrencies could weaken the state, how they're already providing an alternative to central bank currencies for people in economies undergoing hyper-inflation. He describes why Bitcoin is inherently political, which other coins he views as legitimate and whether coins should always aim to be money or other types can exist. Plus, he explains why he isn't optimistic about Libra and why Facebook should have pegged the value of it to the USD. Thank you to our sponsor! CipherTrace: https://ciphertrace.com/unconfirmed Episode links: Nic Carter's recent Medium post on Bitcoin as a revolutionary currency: https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e Nic Carter: https://twitter.com/nic__carter LocalBitcoins interview on Unconfirmed: https://unchainedpodcast.com/localbitcoins-on-how-bitcoin-trading-compares-across-the-world/ Unconfirmed interview with Dante Disparte of the Libra Association: https://unchainedpodcast.com/libras-dante-disparte-on-why-we-should-trust-a-financial-system-designed-by-facebook/ Michael Casey on why it would be good if Libra rivaled the USD: https://unchainedpodcast.com/why-it-would-be-good-if-libra-rivaled-the-us-dollar/ Coin Center's Peter Van Valkenburgh on why the Congressional hearings on Facebook's Libra were good for Bitcoin: https://unchainedpodcast.com/why-the-congressional-hearings-on-facebooks-libra-were-good-for-bitcoin/ Unchained interview with the IMF on how to design central bank digital currencies: https://unchainedpodcast.com/the-imf-on-how-to-design-central-bank-digital-currencies/

21 MIN1 weeks ago
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How Cryptocurrencies Could Threaten the State

Why Bitcoin Dominance Is at 70%

Yan Liberman, cofounder at Delphi Digital, explains why Bitcoin dominance is back up at 70%, more than double its low at 33% at the height of the crypto bubble in early 2018, why a crypto bear market has a positive effect on Bitcoin and who is putting money into the space now. He also discusses how metrics involving Bitcoin's unspent transaction outputs, or UTXOs, affect price moves, why scaling isn't necessarily so important for bitcoin's price — but is for ether's price — and why the number of developers isn't always correlated to price. Plus, we cover how developments like the launch of Libra will likely affect Bitcoin. Thank you to our sponsor! CipherTrace: https://ciphertrace.com/unconfirmed Episode links: Delphi Digital: https://www.delphidigital.io Yan Liberman: https://twitter.com/YanLiberman Fred Wilson blog post on crypto: https://avc.com/2019/09/some-thoughts-on-crypto/ Pushback on Fred’s post: https://twitter.com/fredwilson/status/1169322053008314368 Electric Capital report on developer activity in crypto: https://medium.com/@ElectricCapital/electric-capital-developer-report-h1-2019-7d836d68fecb Unconfirmed episode with Maria Shen: https://unchainedpodcast.com/electric-capital-on-the-coins-punching-below-their-weight/ Unconfirmed interview with the Libra Association's Dante Disparte: https://unchainedpodcast.com/libras-dante-disparte-on-why-we-should-trust-a-financial-system-designed-by-facebook/ Reid Hoffman's crypto rap battle between Hamilton and Satoshi: https://www.youtube.com/watch?v=JaMJi1_1tkA&feature=youtu.be

22 MIN2 weeks ago
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Why Bitcoin Dominance Is at 70%

Why Ryan Zurrer Would Like to See a New DAO

Ryan Zurrer, formerly chief commercial officer and director at the Web 3 foundation and former principal and partner at Polychain Capital, discusses his recent proposal for a new DAO, reviving one of the most notorious experiments in crypto history. Zurrer explains the way it works, some of the new technologies, such as SourceCred, that he thinks could make a new DAO better than the original, what problem he wants to solve with the DAO, and how it would work. He also talks about why he believes that if the DAO had survived, that the due diligence in the space would be far higher than it was during the ICO craze, and why he thinks that the architecture of the DAO he's proposed will not violate U.S. securities law. Thank you to our sponsors! Crypto.com: https://crypto.com/ CipherTrace: http://ciphertrace.com/unconfirmed Episode links: The DAO white paper: https://github.com/the-dao/whitepaper Ryan Zurrer: https://twitter.com/rzurrer SourceCred: https://sourcecred.io/ CoinDesk article ...

27 MIN3 weeks ago
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Why Ryan Zurrer Would Like to See a New DAO

Accepting Bitcoin Since 2011: Room77 in Berlin

Joerg Platzer, owner of Room77, a bar in Berlin that has accepted Bitcoin since 2011, describes how patrons who wanted to pay with Bitcoin originally had to type long Bitcoin addresses into their laptops, how people's interest in Bitcoin correlates with the markets and how the demographics of the Bitcoin users have changed over time. He discusses why the bar discourages users from sending their Bitcoins from Coinbase, Circle and BitPay, how crypto companies can surveil their companies more than banks do, and how they impose U.S, laws on other jurisdictions. He also talks about the Lightning Network point-of-sale device that they're using, how what he believes to be the first routed Lightning Network payment occurred at Room77, and how surprised he by the number of people eager to pay via Lightning. Plus, he reveals which other coins he is open to, and which ones he is not. Thank you to our sponsors! Crypto.com: https://crypto.com/ CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Room77: http://room77.de/ Joerg Platzer: https://www.linkedin.com/in/j%C3%B6rg-platzer/ 2014 CoinDesk article on Room77: https://www.coindesk.com/evolution-bitcoin-behind-berlin-bar The Room77 Bitcoin Meetup: https://www.meetup.com/Bitcoin-Lab-Berlin/events/qbbwmhyzjbjb/ Photos of some of the Bitcoin-related signs I saw at Room77:

25 MINAUG 23
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Accepting Bitcoin Since 2011: Room77 in Berlin

Electric Capital on the Coins Punching Below Their Weight

Maria Shen, head of data science at Electric Capital, dives into the details of the firm's report on crypto developer activity, which analyzed 27,000 code repositories to find that a recent decrease in crypto developer activity came from a drop-off in one-time-per-month and part-time developers, while full-time developers increased 13%. She explains how this breaks out among coins, how developer activity in Bitcoin and Ethereum have consolidated, what mid-tier coins are also seeing a lot of activity, and which ones appear to be punching below their weight price-wise. She also explains her metric of "active ecosystems," which ones are most active or gaining and gives us projections for further crypto development based on the data thus far. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Electric Capital: https://www.electriccapital.com Maria Shen: https://twitter.com/mariashen?lang=en Full deck of report: https://www.slideshare.net/MariaXinheShen/developer-report-published-august-2019-163234235 Blocktivity: https://www.blocktivity.info Unchained episode with Chris Dixon: https://unchainedpodcast.com/chris-dixon-on-how-trust-is-the-best-lego-block-ep-70/ Most recent Unchained episode with Ethereum's Vitalik Buterin: https://unchainedpodcast.com/vitalik-buterin-on-whether-or-not-ethereum-is-blowing-it/ Unchained episode on Monero: https://unchainedpodcast.com/moneros-riccardo-spagni-aka-fluffypony-on-how-he-feels-about-monero-being-used-for-crime-ep-93/ Unchained episode on Grin: https://unchainedpodcast.com/grin-a-more-private-lighter-bitcoin/ Unchained episode on MakerDAO, part 1: https://unchainedpodcast.com/grin-a-more-private-lighter-bitcoin/ MakerDAO, part 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/ Litecoin: https://unchainedpodcast.com/charlie-lee-on-how-litecoin-can-be-truly-successful/ Unconfirmed episode on the Bitcoin Cash hard fork: https://unchainedpodcast.com/the-bitcoin-cash-hard-fork-bitcoin-abc-vs-bitcoin-sv-ep-046/

23 MINAUG 16
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Electric Capital on the Coins Punching Below Their Weight

Kik's Surprising Move in Its Lawsuit With the SEC

Rebecca Rettig, partner at FisherBroyles, talks about Kik's answer this week to the SEC's complaint, why she predicted they would make this move as opposed to filing a motion to dismiss as many had expected and what their main arguments were. We discuss the key points of their answer, such as the distinction they make between their SAFT sale to accredited investors vs. the token sale to the general public, how we could get new law applied to tokens as well as how the SEC took quotes out of context to make it appear that Kik and/or its board members and other associates said the opposite of what they meant. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Rebecca Rettig: https://www.linkedin.com/in/rebecca-rettig-8b90a284/ FisherBroyles: https://www.fisherbroyles.com Kik's response to the SEC: https://www.scribd.com/document/420998937/Kik-Response-to-SEC#from_embed Katherine Wu's annotations on the response: https://static1.squarespace.com/static/5ac136ed12b13f7c187bdf21/t/5d4a3cfcfe4cc000019dff3b/1565146371923/KIK_SEC_+Answer+to+Complaint_3.pdf CoinDesk article summarizing Kik's answer: https://www.coindesk.com/kik-says-sec-twisted-facts-about-100-million-token-sale CoinDesk interviews with Kik CEO Ted Livingston, and blockchain lawyers Joshua Klayman, Rebecca Rettig and Nelson Rosario on this week's news: https://www.coindesk.com/watch-join-coindesk-live-with-ted-livingston-ceo-of-kik

23 MINAUG 9
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Kik's Surprising Move in Its Lawsuit With the SEC

The IRS Is Cracking Down on Crypto Taxes: What You Need to Know

Chandan Lohda, the cofounder and CEO of CoinTracker, talks about the 10,000 letters the IRS sent to cryptocurrency holders last week, what kinds of letters were sent, what recipients should do depending on what type of letter they received and how the IRS even knew who to write to in the first place. Plus, we discuss which types of transactions are taxable events, where the tax laws still need further clarification, and which types of changes he believes should be made to tax law. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: CoinTracker: https://www.cointracker.io/ Chandan Lodha: https://mobile.twitter.com/cglodha IRS sending letters to 10,000 crypto holders: https://www.wsj.com/articles/irs-sending-warning-letters-to-more-than-10-000-cryptocurrency-holders-11564159523 https://blog.cointracker.io/irs-sends-letter-6173-6174-6174-a-cryptocurrency-warnings-what-to-do/ https://www.forbes.com/sites/kellyphillipserb/2019/07/26/irs-sending-warning-letters-to-more-than-10000-taxpayers-about-cryptocurrency-reporting/#553158e35d3b IRS press release: https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-currency-owners-advising-them-to-pay-back-taxes-file-amended-returns-part-of-agencys-larger-efforts CoinTracker guide to filing crypto taxes: https://www.cointracker.io/bitcoin-taxes

25 MINAUG 2
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The IRS Is Cracking Down on Crypto Taxes: What You Need to Know

Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets

Jeremy Allaire, cofounder and CEO of Circle, explains why the company has opened a new subsidiary in Bermuda, obtained a full Digital Assets Business Act license there and how it plans to create separate offerings for the US market vs. non-US. He discusses why Circle chose Bermuda out of the many jurisdictions that have created crypto-friendly regulations, why Circle believes the SEC's April guidance on digital assets expanded the scope on which digital assets are securities and why regulators should have a new definition for digital assets rather than putting them into existing categories like commodity, security, currency, etc. We cover how much of Poloniex's struggles have to do with restrictive regulations in the US vs. poor business choices on the exchange's part, and why some other US-based crypto exchanges are not having the same struggles. He also reveals what it is that he'll be telling the Senate next week when he testifies in a hearing on regulation for digital assets and blockchain technology. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Circle: https://www.circle.com/en/ Poloniex: https://poloniex.com Jeremy Allaire: https://twitter.com/jerallaire New Bermuda entity and license: https://medium.com/circle-blog/circle-expands-international-offerings-with-new-bermuda-operations-and-digital-assets-business-ff4509ed76b9 https://www.coindesk.com/circle-moves-non-us-poloniex-customers-to-new-bermuda-entity https://www.theblockcrypto.com/2019/07/22/circle-is-opening-up-shop-in-bermuda-seeking-clearer-regulatory-framework-and-it-could-be-its-last-hope/ BTC trade volume: https://www.bitcointradevolume.com Trollbox: https://medium.com/circle-trader/trollbox-is-back-a458e3ec58df Next week's Senate hearing on crypto legislation: https://medium.com/circle-blog/circle-ceo-to-testify-before-senate-on-crypto-regulation-dbaeaeba3a3b https://www.banking.senate.gov/hearings/examining-regulatory-frameworks-for-digital-currencies-and-blockchain The Bermuda rig: https://www.cntraveler.com/stories/2015-01-26/dress-code-how-to-wear-bermuda-shorts

22 MINJUL 26
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Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets

Why the Congressional Hearings on Facebook's Libra Were Good for Bitcoin

Peter Van Valkenburgh, director of research at Coin Center, explains the significance of all the governmental activity around crypto in the last week -- the President's tweets, the Treasury Secretary's and Fed Chair's remarks and of course the Congressional hearings about Libra. We discuss whether Facebook's baggage could harm regulation of the space broadly, just what Libra is and who controls it (especially compared to decentralized networks like Bitcoin and Ethereum), and how that might require different regulatory approaches. We also covered how the lack of partisanship in the line of questioning could affect Libra's prospects, the odds that the draft bill to keep tech out of finance will go through and whether the idea of a Facebook-created digital currency could spur interest in central bank digital currencies. Plus, we talk about what we thought were the most memorable moments of the Congressional hearings, and why we both felt that, amazingly, the hearings seemed to teach Congress about the merits of decentralized networks like Bitcoin and Ethereum. Thank you to our sponsors! Crypto.com: https://crypto.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: Coin Center: https://coincenter.org Peter Van Valkenburgh: https://twitter.com/valkenburgh President Donald Trump's tweets about Bitcoin, cryptocurrencies and Libra: https://twitter.com/realDonaldTrump/status/1149472282584072192?s=20 Federal Reserve Chair Jerome Powell's testimony about Libra: https://www.nytimes.com/2019/07/10/technology/fed-chair-facebook-cryptocurrency-libra.html Treasury Secretary Steve Mnuchin's news briefing on cryptocurrencies: https://www.cnbc.com/2019/07/15/treasury-secretary-mnuchin-will-hold-a-news-conference-on-cryptocurrencies-at-2-pm-et.html Senate hearings on Libra: https://www.youtube.com/watch?v=xUQpmEjgFAU House hearings on Libra: https://www.cnet.com/news/facebook-libra-cryptocurrency-hearings-with-congress-day-2-watch-here-live/ Rep. Sean Duffy questioning David Marcus about who can transact in Libras: https://twitter.com/crypto/status/1151531255550230529 Rep. Warren Davidson bringing up a term that has not yet been heard in the halls of Congress — "sh*tcoin": https://twitter.com/bitstein/status/1151586640307064833

42 MINJUL 19
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Why the Congressional Hearings on Facebook's Libra Were Good for Bitcoin