Newsletter #50

8 - 14 November 2014

This week we saw Bitcoin price hit upwards of USD450 and came back to where it was again. We also saw Counterparty price spiked after it ported Ethereum’s open-source code over. This week, I am also trying out with a short summary of the articles that I featured. Let me know if you like this. Thanks!
Bobby

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# BITCOIN PRICE (BITSTAMP)

# LATEST NEWS

Bitcoin Price Surges Past $400 Mark
Bitcoin Analysis: Mid-Week Update Nov 13 (Manipulation?)
XCP Price Ignites after Counterparty Announces Ethereum Clone
Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain.

# MARKET

Why Litecoin Cannot Be Bitcoin’s Silver
An excerpt: "In the short term, I could use litecoin as a display of wealth because it has value today, but in the long term they will lose value as people learn that they cannot make a profit with it. Anyone doing business with it will find it easier for them to switch to bitcoin. People who hold litecoin will be systematically disadvantaged over those who hold bitcoin, because of its inferior liquidity. This disparity will only grow worse as people learn to avoid the problem by holding bitcoin instead of litecoin."
Bitcoin backed corporate currencies are coming
Bitcoin-backed corporate currencies are coming. Unlike fiat money or gold, Bitcoin can link between digital reward units (e.g., miles, points, etc.) and monetary value without difficulty. Bitcoin-backing will allow many smaller companies to issue trusted loyalty points, insofar as the companies will be leveraging the Bitcoin's credibility as monetary value and its suite of features.
Understanding The Proposed Bitcoin ETF: 5 Key Questions
Home About Bitcoin Big Bang Brian Kelly Capital Archives Bitcoin: The Most Important Innovation in the History of Money

# ECOSYSTEM

# LEARN

Forward

This newsletter is a curation of the best altcoin articles for the week curated by Bobby CE Ong. Read the archives at www.altcoinweekly.com | 99 Charlotte Street, London W1T 4QB, United Kingdom.

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