Newsletter #52
22 - 28 November 2014
Latest News
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Purse.io, a P2P marketplace matching customers wishing to purchase bitcoin using credit cards or gift cards with bitcoin holders who want to spend their cryptocurrency with Amazon has recently raised $300k in funding from Roger Ver, Bobby Lee, Terrence Yang, FundersClub and StrongVC.
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Reddit user, Dave Aiello, reported that an image posted to his Facebook page comparing Western Union with Bitcoin has been hit by a copyright claim by Western Union. The takedown request and the resulting controversy has only served to make the image more prominent through a phenomenon known as the Streissand Effect.
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Market
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Richard Brown of IBM analyzes the decentralized consensus of cryptocurrencies to help figure out if the blockchain is a good technical solution for a given problem.
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Since the dawn of money, money has had three major eras: commodity money, representative money and fiat money. Now we are seeing the birth of the fourth era: digital money like Bitcoin.
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Tim Swanson found that 70% of all bitcoins have not moved in 6 months or more because many of the owners of these tokens are still “underwater” - bitcoins bought during the big bull run at the end of 2013.
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Ecosystem
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A cool icon pack by Martin Allien featuring all the major cryptocurrencies in pure vector SVG and webfont formats.
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Legal
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According to Jakob Kamminga, an official from the Dutch Ministry of Finance, Bitcoin transactions will "probably" not be liable for value added tax (VAT).
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Learn
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Joel Monegro of Union Square Ventures posits how the architecture of internet applications will look like in 10 years time with this great article.
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Vitalik Buterin shares his insights on how Proof-of-Stake can be made secure.
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Jonathan Levin explains how there is no concept of identifiable currency units for bitcoin and that it should instead be considered a type of monetary fluid with a unit of account.
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