The City of Berkeley, California Considers Doing Cryptocurrency ICO

Source : The City of Berkeley, California Considers Doing Cryptocurrency ICO Featured The famed hub of American 1960s radicalism and counterculture, Berkeley, California is at it again. Dormant for a few years, the US presidency of Donald Trump has awoken defiant spirits, as the city challenges administration policy over everything from immigration to taxation. One tool of resistance under consideration is an initial coin offering in creation of the city’s very own token.Also read: Landmark Senate Crypto Hearing Seen as Mostly Positive by BitcoinersIn Defiance of Trump Admin, Berkeley Considers Its Own CryptocurrencyBerkeley city council member Ben Bartlett stressed, “Berkeley is the center of the resistance, and for the resistance to work, it must have a coin.” The resistance he spoke of has to do with the Trump administration, and its singling out of the local university over campus speech issues, along with threatening to defund Sanctuary Cities which decriminalize illegal immigrants, of which Berkeley is considered a leader. The coin would be floated as a kind of municipal bond at first, targeted through an initial coin offering (ICO) aimed at funding housing for the city’s homeless. Mr. Bartlett continued, “You’re looking at a disaster. We thought we’d pull together the experts and find a way to finance [affordable housing] ourselves.”Fear of immigration crackdowns, a reconstituted tax bill the city worries will impact it negatively, Mr. Bartlett has managed to get the city’s mayor on board the ICO idea. The city will partner with Neighborly and its UC Berkeley Blockchain Lab to push the project forward with a possible rollout by May. “Unlike most of the ICOs which deliver coins for a future value or service, these coins will represent a real security issued for a specific purpose,” Neighborly’s COO Kiran Jain explained. A local token is seen, beyond housing concerns, as a hedge against Trump administration actions as a whole, Mr. Bartlett said. The city fully expects its budget to be impacted by federal cuts simply due to Berkeley’s role in openly fighting Mr. Trump’s policies on so many levels.Match Made in HeavenIf ever two things were meant for one another, it’s cryptocurrency and Berkeley, California. Known for its radical political leanings since the 1960s, it is home to experiments in all kinds of living. For progressive communities like it, the federal government has been a political apparatus they wish to capture and put to use. In areas such as Civil Rights, for example, blanket, robust federal enforcement was seen as ideal to make sure citizens were protected from Pacific to Atlantic. Other political philosophies warned how empowering the federal or national government to overwhelm local communities for the greater good, even in the service of racial equality, was a dangerous bargain. What would be to stop it from doing the same in the opposite direction should it begin to enforce a national or federal policy those in Berkeley didn’t admire?The United States prior to early 1960s federal legislation in this regard practiced something known as states rights: the ability for …

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Cryptocurrency ICO

The City of Berkeley, California Considers Doing Cryptocurrency ICO

Source : The City of Berkeley, California Considers Doing Cryptocurrency ICO The famed hub of American 1960s radicalism and counterculture, Berkeley, California is at it again. Dormant for a few years, the US presidency of Donald Trump has awoken defiant spirits, as the city challenges administration policy over everything from immigration to taxation. One tool of resistance under consideration is an initial coin offering in creation of the city’s very own token. Also read: Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners In Defiance of Trump Admin, Berkeley Considers Its Own Cryptocurrency Berkeley city council member Ben Bartlett stressed, “Berkeley is the center of the resistance, and for the resistance to work, it must have a coin.” The resistance he spoke of has to do with the Trump administration, and its singling out of the local university over campus speech issues, along with threatening to defund Sanctuary Cities which decriminalize illegal immigrants, of which Berkeley is considered a leader. The coin would be floated as a kind of municipal bond at first, targeted through an initial coin offering (ICO) aimed at funding housing for the city’s homeless. Mr. Bartlett continued, “You’re looking at a disaster. We thought we’d pull together the experts and find a way to finance [affordable housing] ourselves.” Fear of immigration crackdowns, a reconstituted tax bill the city worries will impact it negatively, Mr. Bartlett has managed to get the city’s mayor on board the ICO idea. The city will partner with Neighborly and its UC Berkeley Blockchain Lab to push the project forward with a possible rollout by May. “Unlike most of the ICOs which deliver coins for a future value or service, these coins will represent a real security issued for a specific purpose,” Neighborly’s COO Kiran Jain explained. A local token is seen, beyond housing concerns, as a hedge against Trump administration actions as a whole, Mr. Bartlett said. The city fully expects its budget to be impacted by federal cuts simply due to Berkeley’s role in openly fighting Mr. Trump’s policies on so many levels. Match Made in Heaven If ever two things were meant for one another, it’s cryptocurrency and Berkeley, California. Known for its radical political leanings since the 1960s, it is home to experiments in all kinds of living. For progressive communities like it, the federal government has been a political apparatus they wish to capture and put to use. In areas such as Civil Rights, for example, blanket, robust federal enforcement was seen as ideal to make sure citizens were protected from Pacific to Atlantic. Other political philosophies warned how empowering the federal or national government to overwhelm local communities for the greater good, even in the service of racial equality, was a dangerous bargain. What would be to stop it from doing the same in the opposite direction should it begin to enforce a national or federal policy those in Berkeley didn’t admire? The United States prior to early 1960s federal legislation in this regard practiced something known …

Plus…The City of Berkeley, California Considers Doing Cryptocurrency ICO

La France et l’Allemagne appellent à une action commune pour mieux réguler les crypto-monnaies

Source : La France et l’Allemagne appellent à une action commune pour mieux réguler les crypto-monnaies Les ministres des Finances et les gouverneurs des banques centrales de France et d’Allemagne ont appelé à ce que des débats soient menés, lors d’une prochaine réunion du G20, autour de la question des crypto-monnaies. Comme l’a rapporté hier Reuters, plusieurs dirigeants français et allemands ont fait parvenir une lettre au ministre…

75 – La confiance par décret ?

Source : 75 – La confiance par décret ? On parle maintenant de Bitcoin, au sommet même de l’État, comme d’un facteur de risque systémique (face à des trillions de monnaies légales et des ploutillons d’actifs régulés ou non, mais gérés par des gens du système). Façon de dire que cette expérience menacerait le système financier mondial. Mais l’essentiel de la littérature sur ce fâcheux bitcoin émane encore, du moins pour celle qui est prise en compte par les régulateurs, les politiques et les journalistes, de ce système financier lui-même. Et ceci ne choque personne. C’est comme cela : quand une banque s’estime victime d’un de ses employés, le juge choisit cette même banque comme experte, et il faut des années pour que cela pose des cas de conscience à certains. La fonction de régulation appartient en théorie à la puissance publique. Ce qui la fonde en droit, c’est à la fois la sécurité de l’État, celle de la population, et la nécessaire confiance de celle-ci dans celui-là. On régule donc largement (et sous des vocables divers : régulation, supervision, contrôle, normalisation, homologation…) les produits financiers comme les médicaments, les communications électroniques, les jeux en ligne ou les voitures à moteurs. Mais toujours avec les mêmes mots: confiance et sécurité. Or si la sécurité est un fait que l’on peut cerner par des mesures objectives (quand elles ne sont pas manipulées) la confiance est un sentiment humain. A priori on ne peut pas la décréter, pas davantage que l’amour ou le respect, par exemple. Dans une double page publiée en janvier par le Monde diplomatique, la journaliste Leïla Shahshahani a abordé à travers les vaccinations obligatoires, le débat confisqué sur un sujet qui me parait nous concerner de façon patente. Je m’empresse de dire que je n’ai pas trop d’idées sur la question, parce qu’en soi les histoires médicales m’ennuient. Mes enfants ont été vaccinés. Ce qui m’intéresse ici, ce sont la confiscation d’un débat, l’instauration d’une prétendue « confiance » par la coercition, les erreurs et les dérives qu’un tel système rend fatales. En quoi cette vaccination obligatoire peut-elle intéresser ceux qui suivent l’actualité de Bitcoin ? En ce qu’il s’agit d’un système (la santé publique) auquel il est pour notre sécurité pratiquement impossible d’échapper comme il est pratiquement obligatoire d’avoir un compte en banque. Mais aussi en ce qu’il s’agit d’un secteur qui, comme le système monétaire, n’est régulé finalement que par lui-même, c’est à dire par personne en fait. Ce qui m’a frappé, dès la fin du premier alinéa de l’article, c’est le sentence presque comique par laquelle la ministre des Solidarités et de la Santé, la docteur Agnès Buzyn assume pleinement une posture proprement ubuesque : « La contrainte vise à rendre la confiance ». Quand on a fini d’en sourire, on peut se demander s’il ne faut pas en trembler. Évidemment le propos est tenu par une scientifique, ministre d’un Etat de droit. Serait-il proféré par l’un de ces dictateurs grotesques que la télévision exhibe toujours à bon escient pour nous …

Plus…75 – La confiance par décret ?

Jumeaux Winklevoss : “Les régulateurs n’ont pas été assez réactifs”

Source : Jumeaux Winklevoss : “Les régulateurs n’ont pas été assez réactifs” Hier, Tyler et Cameron Winklevoss se félicitaient de l’arrivée d’un cadre réglementaire plus clair autour des actifs numériques. Ils estiment qu’il s’agit d’une étape nécessaire pour permettre leur expansion. Au cours d’un entretien accordé à Bloomberg TV, les deux jumeaux ont évoqué les débats qui se tiennent au sein du…

Jumeaux Winklevoss : “Les régulateurs n’ont pas été assez réactifs”

Source : Jumeaux Winklevoss : “Les régulateurs n’ont pas été assez réactifs” Hier, Tyler et Cameron Winklevoss se félicitaient de l’arrivée d’un cadre réglementaire plus clair autour des actifs numériques. Ils estiment qu’il s’agit d’une étape nécessaire pour permettre leur expansion. Au cours d’un entretien accordé à Bloomberg TV, les deux jumeaux ont évoqué les débats qui se tiennent au sein du Sénat américain autour de la réponse réglementaire à apporter aux crypto-monnaies. Et plutôt que de craindre l’arrivée d’un cadre réglementaire plus strict, ils estiment que cette prise de conscience de la part des autorités constitue une étape nécessaire pour permettre l’expansion de cet écosystème. Tyler Winklevoss a déclaré : “Ces technologies ne peuvent prospérer et s’étendre sans une régulation réfléchie, qui puisse leur permettre d’être reliées au monde de la finance. […] Si les autorités parviennent à trouver le bon équilibre, nous pensons que de telles mesures seront bénéfiques pour les crypto-monnaies”. Cela fait plusieurs années que Tyler et Cameron Winklevoss – rendus célèbres pour leurs démêlés avec Mark Zuckerberg – vantent les mérites des actifs numériques. Après avoir découvert le le Bitcoin en 2012, ils avaient rapidement décidé d’investir une partie de leur fortune dans l’actif. Ils détiendraient toujours l’ensemble des 120 000 BTC qu’ils auraient alors achetés. Pour Tyler Winklevoss, les régulateurs n’ont pas fait preuve de suffisamment de réactivité face à l’émergence des crypto-monnaies. Il estime qu’un cadre réglementaire plus clair permettra de protéger les épargnants : “Mon regret, c’est que les régulateurs n’ont pas fait preuve de suffisamment de rapidité pour proposer des cadres clairs, et pour permettre de légitimer les acteurs de l’écosystème. Ce n’est pas un hasard si les prix du Bitcoin et de l’Ether augmentent lorsque l’on propose des offres de services plus régulées, comme Gemini.” Car les jumeaux ne se sont pas contentés d’acquérir des actifs numériques. En 2015, ils décidaient de fonder Gemini – une plateforme d’échange de crypto-monnaies sur laquelle le Chicago Board Options Exchange s’appuie pour la liquidation de ses contrats à terme. Le Bitcoin, un “meilleur” or Plus tard dans la journée, les deux hommes ont été interrogés par la chaîne de télévision CNBC. Ils ont cette fois fait part, en dépit des récentes baisses, de leur optimisme pour les actifs numériques. Cameron Winklevoss a comparé le Bitcoin à l’or – une analogie qu’il aime employer pour pouvoir prédire le prix futur de la monnaie numérique. Il estime d’ailleurs que cette dernière possède de “meilleures” caractéristiques que le métal jaune : “Nous sommes persuadés que le Bitcoin ‘disrupte’ l’or. Nous pensons que, si l’on s’intéresse à ses propriétés, il s’agit d’un ‘meilleur or’. Et d’où l’or tire-t-il sa valeur ? De sa rareté. L’offre de Bitcoin est pré-définie – c’est encore mieux que la rareté. […] Par ailleurs, il est plus portable, plus fongible et plus durable. Il s’agit d’un ‘meilleur’ or.” À lire également : “Cameron Winklevoss : le Bitcoin pourrait un jour ‘disrupter’ l’or“ C’est la raison pour laquelle les deux frères ne seraient pas surpris si le prix …

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What Is Basic Attention Token?

Source : What Is Basic Attention Token? Basic Attention Token has been a pretty interesting project in the world of blockchain and cryptocurrency. More specifically, this token is designed to transform digital advertising as a whole. It is a bold venture by the BAT team, and the token has become a big part of their Brave browser as well. It is evident that digital advertising will need to undergo some big changes in the future, but it remains to be seen if Basic Attention Token holds the key in this regard. Why Does Basic Attention Token Matter? Anyone who has ever opened a webpage in a browser will have seen some form of advertising along the way. There is a growing amount of advertising on various websites, and people often rely on ad blockers to stop seeing them. With Basic Attention Token, things are very different. Users can block ads completely, pay to see different ads, or simply view regular ads and earn BAT tokens as a result. It’s a give-and-take concept which seems to have worked quite well so far. How Does it all Work? Under the hood, Basic Attention Token uses the Ethereum blockchain to issue and distribute BAT tokens. This token can be freely exchanged between publishers, users, and advertisers. With the BAT token, a wide range of advertising and attention-based services can be obtained on the Brave platform. This token only works within the Brave browser itself, as it is not integrated into Chrome, Firefox, or Internet Explorer at this time. Whether or not that situation will change in the future has yet to be determined. With so many middlemen involved in digital advertising, the road ahead for Basic Attention Token will not be easy. Cutting the intermediaries out altogether will pose some big challenges, but it makes sense to improve upon this model with blockchain technology. With a native browser supporting Basic Attention Token, the project is off to a good start. It blocks malicious advertisements, trackers, and rewards publishers in a fair manner based on the attention of its users. Speaking of monitoring user attention, the Brave browser does so in an anonymous manner. Attention is measured in the form of ads viewed and content opened in active browser tabs. Users viewing ads receive BATs for their efforts, and publishers will get the majority of revenue in the end. It is a solution that works quite well for all parties involved. Most of the more common browser plugins do not work in Brave as of yet, but it is possible things will change for the better in the coming months and years. A Look at the BAT Roadmap Some interesting changes will be coming to Basic Attention Token in the future. For one, improved anti-fraud measures and dashboard analytics are coming to publishers and users shortly. There is also a plan to scale real ad revenue. Moreover, the team wants to integrate Basic Attention Token into even more applications based on open-source projects with ad buying leverage. It will be interesting …

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CryptoKitties Bite Back… on Mobile!

Source : CryptoKitties Bite Back… on Mobile! The crypto world is literally whipping itself into a butterscotch flavored generic mousse product this morning. The reason? Only the pant-wettingly exciting news regarding the imminent release of CryptoKitties on mobile! You’re Kidding, Right! I know…with seemingly strong recent challenges from CryptoCelebrities and CryptoDogs, many had predicted the demise of the adorable virtual felines which started it all. But these kitties weren’t going to let themselves be usurped without a fight. And neither should we let them, as arguably it was they who singlehandedly pushed the bitcoin price above $20k at the end of last year. Any true cat and crypto fanatic could see that the canine counterfeit was exactly that, just a cheap Chinese knock-off. And [insert your own joke about eating dogs in China here]. As for CryptoCelebrities… am I the only one who can still identify a Ponzi scheme when I see one? Create a whole bunch of the only thing more pointless and self indulgent than real celebrities. Sell these ‘assets’ to unsuspecting mugs whose only hope of profit is to find an even more unsuspecting and bigger mug who will pay more than they did. If you want some more free money then just go further down the barrel of celebrities until you’ve scraped right through the bottom, creating new ‘contracts’ as you dig. That’s Not Exactly What I Meant Listen, anybody who knows anything, knows that on the internet, cats are king. So, when CryptoKitties co-founder, Benny Giang told Quartz about the launch of the mobile app, the internet took notice. The app will initially become available in China and Singapore during the Lunar New Year which starts on 16th February. A worldwide release will follow within a few weeks, but exact dates are not yet confirmed. The original web-app was not available in China, due to it’s reliance on a Chrome plug-in. The Chinese great firewall blocks access to Chrome store, so this will be the first chance for China to go as bats**t crazy as the rest of the world did. To encourage such levels of mental (as if encouragement were needed), the new cats created during the Lunar New Year will have Chinese back stories. There will also be three types of ‘fancy’ cat, including one in a lion dance costume and one that looks like a golden dragon. You Really Want Me to Buy into This? No, of course not! Step back and take a good look at yourself. Now repeat after me… “I will not waste my money and time on virtual pussycats.” Stand in front of the mirror and do it. Does it feel good? No, of course it doesn’t! Now get out of my sight and don’t come back until you can use the blockchain for something a bit more adult… ah, no. I didn’t mean that. Are you buying into the CrypoKitty hype? Share your experience below! Images courtesy of Shutterstock The post CryptoKitties Bite Back… on Mobile! appeared first on …

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MakerDAO and More: The Quest for a Stable Stablecoin Continues

Source : MakerDAO and More: The Quest for a Stable Stablecoin Continues Usually, no one bats an eye when a cryptocurrency’s price drops 30 percent over the course of a week. This is the Wild West, after all.But when it happened to DAI this month, heads turned, primarily because the token was designed specifically to hold its peg with the U.S. dollar.One of a growing number of crypto tokens referred to as “stablecoins,” these cryptocurrencies are engineered to adjust their supply as the market shifts, issuing when prices rise and retracting when they drop, in an effort to keep their prices steady.Called the “holy grail” of cryptocurrency, stablecoins have been heralded as a way to strengthen the commercial case for blockchains, since many businesses shy away from the volatility associated with the sector. Case in point: An increasing number of decentralized apps (Dapps) rely on ether, and on internal crypto tokens dependent on ether, as a way to distribute value. As a result, unpredictable market shifts in the price of ether could cause chaos in the system.Dapp users would be less likely to spend their tokens if they believed the value might double overnight; conversely. should potential users suspect the value of the Dapp tokens will plummet, that could discourage them from participating at all.For this reason, Rune Christensen, the founder of MakerDAO, the company behind the DAI stablecoin, which was launched in December, told CoinDesk:“[Stablecoins] are the first step before you actually see anything else interesting happening. I would argue that the reason why the blockchain world is so vapor-wary … is basically because you just cannot do business in an unstable environment.”And in this pursuit of stability, interest in refining the stablecoin technology seems to be on the rise moving into 2018.Not only did an all-star group of investors, including Andreessen Horowitz and Pantera Capital, back a stablecoin project called basecoin in October, but CoinDesk has heard more such projects are on their way.Plus the popularity in China of BitCNY – which is pegged to the Chinese renminbi and has entirely replaced renminbi trading pairs due to strict regulation of fiat/crypto trading in the country – led Christensen to describe stablecoins as “pretty much the best example of blockchain done right at the moment.”Yet, according to critics, DAI’s brief spell of trading for around 72 cents only foreshadows impending doom that the market has seen several times already with stablecoins.An inauspicious startWhile stablecoins see trading in the tens of billions of dollars per day, many crypto enthusiasts have called the technology the “single point of failure” for the entire crypto industry.Preston Byrne, an independent consultant and the former chief operating officer and legal counsel of Monax Industries, has even gone so far as to call stablecoins the “single dumbest creature in the entire universe,” alluding to the Bugblatter Beast from “The Hitchhiker’s Guide to the Galaxy.”And such criticisms are not entirely unfounded.Perhaps the most well known of the stablecoins is USDT (U.S. dollar tether), which acts as a stand-in for the dollar on …

Plus…MakerDAO and More: The Quest for a Stable Stablecoin
Continues

MakerDAO and More: The Quest for a Stable Stablecoin Continues

Source : MakerDAO and More: The Quest for a Stable Stablecoin Continues Usually, no one bats an eye when a cryptocurrency’s price drops 30 percent over the course of a week. This is the Wild West, after all. But when it happened to DAI this month, heads turned, primarily because the token was designed specifically to hold its peg with the U.S. dollar. One of a growing number […] The post MakerDAO and More: The Quest for a Stable Stablecoin Continues appeared first on Bitcoin Wiki.

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