Category Archives: Uncategorized

xxx A Chinese woman in Cangzhou, Hebei, bought a 190,000 yuan ($27,500) car with 66 bags of coins. Workers spent three days counting the coins, estimated to amount to around 130,000 yuan ($18,800). The remainder was paid electronically. From Buying a car with coins – Inkstone. xxx

As Ed Conway noted in The Times recently, Mark Zuckerberg once observed that “in a lot of ways, Facebook is more like a government than a traditional company”. Indeed it is. And in fact it just got a lot more like a government. Companies have loyalty points, but governments have currencies, which are like loyalty pointsContinue reading “POST LIbra”

xxx “Peak-to-peak growth – which measures the difference between peak levels of notes in circulation (usually in the run up to Christmas) each year – was just 0.58% in 2018 and 0.77% in 2017. This compares to 10% in 2016, and above 5% in the decade preceding. Are we at a turning point? The flatContinue reading “Bitesize: The end of a paradox? – Bank Underground”

xxx “it strikes a that, to use Jaron Lanier’s term in ‘Who owns the future?’, the ‘economic avatars’ that arise at the intersection of the mobile phone and the social network may well prove to be more useful to a great majority of the world’s population than their ‘official’ identities even if they have themContinue reading “Identity might work better bottom up | Consult Hyperion”

xxx “‘Con man swindled more than £40million out of tycoons including the Aga Khan by wearing silicon masks to impersonate France’s foreign minister’” From “‘Con man swindled more than £40m out of tycoons by impersonating France’s foreign minister’ | Daily Mail Online”. xxx

xxx “I can announce this evening a Treasury-led review of the payments landscape bringing together policymakers and regulators to make sure that our regulation and infrastructure keeps pace with the dizzying array of new payments models.” From “Mansion House dinner speech 2019 – Philip Hammond – GOV.UK”. xxx

xxx At a conference today, Carney warned that if any crypto asset does become widely adopted, it would become “instantly systemic” and have to be subject to strong regulation. From Facebook unveils new ‘currency’ – Central Banking. xxx

xxx “The report — the largest-scale study of malicious bots in the EOS ecosystem — also found 51 percent of unique accounts and 75 percent of total transactions were driven by non-human accounts. Bot activity threatens the integrity of the blockchain industry, as user activity, transaction volume, and daily volume are among the most frequentlyContinue reading “Study: 75% of EOS Dapp Transactions Are Now Made By Bots – CoinDesk”

The opening keynote at Identity Week in London was given by Oliver Dowden, the Minister for implementation at the Cabinet office and therefore the person in charge of the digital transformation of government. To people like me, digital identity is central to digital transformation of government (and the digital transformation of everything else, for thatContinue reading “CHYP Identiy Week”

xxx “Most existing digital identity solutions are either centralized (e.g., national identity cards) or individualistic (e.g., most ‘self-sovereign’ identity proposals). Outside of digital life, however, identity is typically social (for instance, ‘individual’ data such as birthdate is shared with parents) and intersectional (viz., different data and trust are shared with different others).” From “Verifying IdentityContinue reading “Verifying Identity as a Social Intersection by Nicole Immorlica, Matthew O. Jackson, E. Glen Weyl :: SSRN”