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AltcoinWeekly - Issue #52
AltcoinWeekly Newsletter #52 (22 - 28 November 2014)

Newsletter #52

22 - 28 November 2014 

This week we saw a huge pump in Ripple and Stellar prices. We also saw Joel Monegro of Union Square Ventures discusses how the architecture of internet applications may look like in 10 years time.
Bobby

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BITCOIN PRICE (BITSTAMP)

Bitcoin Price

 

Latest News

Purse.io Closes $300k Funding to Expand Amazon Discount Service

Purse.io Closes $300k Funding to Expand Amazon Discount Service

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.

Redditor says Western Union demanded takedown of this Bitcoin ad mocking the company

Redditor says Western Union demanded takedown of this Bitcoin ad mocking the company

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.

Market

The “Unbundling of Trust”: how to identify good cryptocurrency opportunities?

The “Unbundling of Trust”: how to identify good cryptocurrency opportunities?

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.

Bitcoin Is the Next Chapter in the History of Money

Bitcoin Is the Next Chapter in the History of Money

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.

Approximately 70% of all bitcoins have not moved in 6 or more months

Approximately 70% of all bitcoins have not moved in 6 or more months

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.

Ecosystem

Cryptocoins – Free Cryptocurrency Webfont Icon Pack

Cryptocoins – Free Cryptocurrency Webfont Icon Pack

A cool icon pack by Martin Allien featuring all the major cryptocurrencies in pure vector SVG and webfont formats.

Legal

Dutch Official: Bitcoin Transactions Probably Not Liable for VAT

Dutch Official: Bitcoin Transactions Probably Not Liable for VAT

According to Jakob Kamminga, an official from the Dutch Ministry of Finance, Bitcoin transactions will "probably" not be liable for value added tax (VAT).

Learn

The Blockchain Application Stack

The Blockchain Application Stack

Joel Monegro of Union Square Ventures posits how the architecture of internet applications will look like in 10 years time with this great article.

Proof of Stake: How I Learned to Love Weak Subjectivity

Proof of Stake: How I Learned to Love Weak Subjectivity

Vitalik Buterin shares his insights on how Proof-of-Stake can be made secure.

Bitcoin: New plumbing for financial services

Bitcoin: New plumbing for financial services

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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