Digital Assets
Weekly Narrative on MakerDAO – 19 March 2019
Weekly Narrative on MakerDAO – 19 March 2019Stability Fee:Last week, the community discussed the impact on the increased the stability fee change from the week prior. Since such time, the market response continued to consolidate the price* of DAI. We saw a slight increase in the price* above 0.991 but then returned slightly below to…
Read MoreVenezuela in 2019
Hopefully the people of Venezuela will catch a break soon.
Read MoreDX.Exchange
DX.Exchange has just recently announced that they are bringing the stock market custody business to the Ethereum Blockchain. If you buy 1 share of Microsoft, they will peg 1:1 with a ERC20 token that you can hold in your digital wallet. Of course you now introduce new custody “risk” that is exists outside of your…
Read MoreThe MKR rabbit hole
About a year ago I first heard about Maker (MKR). I listened. I heard, but I failed to truly comprehend the depth of Maker. In summary, I largely dismissed it as just yet another ethereum project. That was a mistake. Luckily I believe the market has also failed to grasp the depth of the value…
Read MoreChallenging the SEC for an ICO
To determine if an offering is a security in the United States, the Howey test is applied. https://consumer.findlaw.com/securities-law/what-is-the-howey-test.html In the below Order, a Judge has determined that an ICO did not meet the requirements of the Howey test (even though the SEC believes it did). https://www.law.com/therecorder/2018/11/27/judge-to-sec-this-ico-isnt-a-security-offering/?slreturn=20181029050753 First off, the guidance issued from the…
Read MoreHistoric Financial Institutions Cash Cow
To run a successful business, an enterprise needs a mix of business units that take a diversity of risk profiles. Some being focused on growth, while others are less-risky and generate a more or less constant streams of positive cash-flow (e.g. the Cash Cow). Historically banks and other financial services have relied on fees to…
Read MoreIn a couple years, watch a new Visa / MasterCard alternative launch
In a couple years, watch a new Visa alternative launch. The key ingredients are already here right now.. A distributed ledger. A tokenized currency, United States Dollar, and a payment processing vendor BitPay. The next piece that is coming will be to form an alternative to Visa / MasterCard with all of the benefits. …
Read MoreSupporting the long-view of Ethereum
Instead of creating tokens on an existing blockchain (e.g. Ethereum or any Turing-complete blockchain), some have taken the step of using their own blockchain (please see Venezuela’s “Petro” or others). By utilizing Ethereum, a token issuer has reasonable confidence that consensus algorithms have already been validated. By using a speciality blockchain, unless properly defended, you…
Read MoreVenezuela Passports
In a push to force the utilization of the newly (re)launched digital assets secured by Venezuelan hard assets, the government is now requiring the usage of their digital asset to secure a national identity document (passport) to allow for international travel. Which exchanges will “float” the Petro? Will there be mass adoption of the state-backed…
Read MoreCFTC – Long-term view
This will take a generation to occur, but the transformation will occur. https://www.ccn.com/cryptocurrency-is-here-to-stay-cftc-chairman-giancarlo/
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