A British company, patent trade mark BitcoinGold and BitcoinCash

Company from the British County of middlesex The Sun & Sand Foundation attempts to register trademarks BitcoinGold and BitcoinCash. Both applications were submitted in the intellectual property Office in the UK in early October. Other brands, the company has not recorded.To challenge the decision to grant the patent according to the standard procedure described on the website of the issuing authority.

Recall that the Bitcoin Cash bitcoin separated from 1 August. A fork of Bitcoin Gold, was held on October 24.

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On the background of the reorganization R3 left leading top managers

The Executive Director of the blockchain consortium R3 Brian McNulty and chief Executive Director, Lauren Carroll left the organization as part of a major internal reorganization, according to CoinDesk, citing informed sources.

As the newspaper notes, in R3 have confirmed that they are preparing for major changes, involving active recruitment in 2019. However, to comment on the care of Macnulty and Carroll in the organization refused.

We add that Macnulty joined R3 in 2016, when the startup began to engage with the framework Corda large banks. It is noteworthy that prior to that he founded a competitive Post Trade consortium of Distributed Ledger Group (PDLT), which included the CME Group, State Street Bank and London stock exchange.

At the same time, R3 is going to assemble a new team to design products and conduct marketing activities that will provide product management in a separate Department.

We will remind, in the summer of 2018, the information appeared about the imminent bankruptcy of R3 in the absence of new investments.

In September, R3 and Ripple has settled all legal disputes within the framework of a secret agreement, and in December, the startup introduced a payment application-enabled token XRP.


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Ukrainian cryptocurrency exchange Liqui announced the closure

Ukrainian cryptocurrency exchange Liqui announced on Monday, January 28, on the termination of activity in connection with impossibility to provide liquidity and lack of further economic value in their work.

The corresponding statement posted on the main page of the exchange.

How to write the project, the company changed the rules of the service, leaving users to decide whether to continue to use its services.

«Unfortunately, we can no longer provide liquidity to the remaining users. Also we do not see economic sense in providing our services. We don’t want to go back to where you were a month ago. For this reason, we decided to close all accounts and stop services», – stated in the message.

Users are allotted 30 days for withdrawal, then the exchange cannot guarantee that it will continue to maintain the site.

«In this case, all requests for withdrawals will be processed through our support team, until then, until the user withdraws its assets», — said the representatives of the Liqui

It is also noted that users who leave their assets in the market on a daily basis will be charged a fee.

At the same time, Liqui States that «can return,» but it will depend on market conditions.


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Binance fixed price token BitTorrent for today’s licensee

Cryptocurrency exchange Binance fixed price token BitTorrent (BTT) for licensee, which starts today at 18:00 Moscow time on its site Binance Launchpad and will run until February 3, when the required amount of $7.2 million will not be collected sooner.

Will simultaneously host two licensee, to accept tokens BNB and TRX, respectively. For the first one price of 1 BTT will be 0,00001824 BNB, based on the BNB exchange rate of $6,58 for the second – 0,00447261 TRX at the rate of $0,02683.

The minimum investment amount is $12, equivalent to 100 000 BTT, the maximum is $20 000, for which you can get 166 666 666 BTT. All will be allocated 35 640 000 000 BTT to buy for TRX and 23 760 000 000 BTT for BNB.

Before taking part in tokencache platform Binance Launchpad, users must verify on the exchange. The distribution of tokens in the blockchain Tron in favor of the public part of the campaign will be held within 15 days after its completion.



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As the blockchain will be applied in the government of the state of new York

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A member of the Assembly of new York Clyde, Vinel introduced four bills that will determine the place of technology in the legal system of the state, mainly in the system of elections and counting of votes. A similar attempt this year have already been taken in Arizona.

The first bill will expand the law in new York about technology: it appears the definition of «blockchain technology» and «smart contract», and digital signatures that are stored on the blockchain.

The second bill is «evaluating the use of blockchain for the protection of voter records and election results,» reads the text of the document. A study of this question is given a year within which to determine whether the blockchain is the platform to limit or prevent fraud, enhance security of digital platforms for voting, to improve the recording of voters and to get more productive results.

The third bill proposes to evaluate the benefits of the blockchain for storage of records and quick access to information. A similar attempt was already undertaken in Vermont in 2016, but the authorities did not let the course platform, citing the high cost.

Fourth, the bill requires the establishment of a task force that will determine the impact of cryptocurrencies on the new York financial markets.

Netizens approve of the proposal, but advised the authorities to hurry:

«The potential of blockchain. They know that this will work, but they must undergo the ritual of “confirmation of facts”. This is why China can easily jump over them.»

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Media: Cboe will launch futures on the Ethereum until the end of 2018

According to Business Insider, the operator of the Chicago Board options exchange Cboe Global Markets is preparing to launch futures contracts on Ethereum until the end of this year. The sources claim that they are based on data from cryptocurrency exchanges Gemini, owned by bratim-twins the Winklevoss, but at the moment the operator is awaiting approval of a new product on the part of the Commission on trade commodity futures U.S. (CFTC).

Recall that Cboe and CME Group launched futures trading in bitcoin in December last year. The head of CME Group Terry Duffy (Terry Duffy) a month ago, said that the company plans no issue of futures based on any other cryptocurrency except for bitcoin. In June, the Commission on securities and exchange Commission (SEC), the United States clarified its position on Ethereum, saying that he does not consider this cryptocurrency securities. According to the President Cboe Chris Concannon (Chris Concannon), thus the SEC has removed the last obstacle to the launch of futures on Ethereum, which the exchange was planned from Dec.

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The European Parliament: CBDC can be a remedy on the stock market

According to a new report of the Committee on economic and monetary Affairs (ECON) of the European Parliament, the issue of crypto-currencies by Central banks (CBDC) may increase competition in the stock market, and to destroy her by strangling her traditional tokens.

In the report “competition Issues in the financial technology space (FinTech)”, published by ECON, which forms the framework decision for the European Central Bank (ECB), said:

“Issue resolved cryptocurrency banks, including the Central, will change the current level of competition in the cryptocurrency market, expanding the number of competitors.”

“However, the market power of banks in traditional banking services can be used to restrict competition in the cryptocurrency market through pre-emptive acquisitions or predatory pricing schemes”.

The paper noted that although the competition in the cryptocurrency market grows (in March 2015, the volume of BTC in its total capitalization was 82% in March 2017 72%), it is still assessed as insufficient. As noted by ECON, the problems for competition in this sphere are complex actions for market entry, network effects, and “the platform nature of cryptocurrencies”.

In addition, the report mentioned the lack of competition in the industry of cryptocurrency mining. In this case, the European regulators, the problem is complicated by the fact that the industry’s major players are out of their jurisdiction, said ECON.

However, in the opinion of the Committee of the European Parliament, the release of the digital currency the Central Bank will help to solve the problems of regulating competition in the stock market:

“The potential inadequacy of the traditional policies to address problems of competition in the cryptocurrency markets can be overcome through the direct involvement of society through CBDC as a remedy”.

We will remind, earlier the Deputy Governor of the Central Bank of Italy Fabio Panetta (Panetta Fabio) said that Central banks are not ready to release CBDC. But analysts of the Bank for international settlements (BIS) warned that digital currencies Central banks can threaten global financial stability.

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Why killer-dApp got lost along the way

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Today the total number of daily users of all dApps barely more than 50,000 people — it can barely compete with an audience of millions of popular computer games. The well-known EOS-dApp Endless Dice has 11,644 user, while the most popular dApp on Ethereum — My Crypto Heroes — all 2647 users. DeCenter gathered experts ‘ opinions on why the 2018 first became a year dApps.

The great mission of kittens

Edition about games dApps The Crypto Collectors writes that «one of the most unique dApps today is for dApps dApps». So, on the official website of crypto-kittens there is a whole universe KittyVerse — applications that can «entertain» your seals. Among them — fighting the Battles toy Kitty, race Kitty Race and KittyHats with accessories.

But crypto-kittens who on the take-off phase was practically recorded in killer-dApps abruptly «snapped» after the December peak. «Instead of having to consider CryptoKitties as a game-collecting, we need to consider this as dApp, which for a short time allowed [to use] the only successful way to use crypto currency — speculation,» writes Yaoshang Ho, co-founder and CFO at Superlinear.

Transaction statistics for CryptoKItties from November 2017 to September 2018. Source.

In a recent interview with Charlie Lee, the journalist Vlad Costea called games dApps «proofs of concept» and compared them with the game «Freecell», which is taught how to use a mouse. Thus, the current dApps can be seen as a training phase, to when the market will enter mass killer-dApp, the user already knew where to poke.

Business in development

Yin Wu, founder of Dirt Protocol, believes that the mechanism for the creation and launch blockchain-application is not working properly. Instead use a low-risk environment where there is iteration (one of the ways of data processing in which the actions are repeated many times) and training, blockchain-companies are trying to develop the «perfect product» from the first version. In the end, this leads to increased development time and unrealistically high user expectations.

She calls to see how to create a successful product traditional those companies and apply their tactics to the development of blockchain space. Wu identifies three main rules:

To develop a product, not a Protocol

Wu notes that users, in fact, nothing to do with technology. By themselves, the openness and decentralization for they have no value is a priority of the developers. Because it is impossible to achieve massive success just by one philosophy: decentralization is not the answer, and the way to achieve the goal. However, the purpose of mass need to the user use case.

In her opinion, the blockchain app needs to go back to basics and ask who the user is and what his problems. For example, at the time of the launch of Ethereum has existed for over 200 cryptocurrencies, but it has become «second cryptocurrency» because it offered something that no one had a standard ERC-20 for token generation on a single blockchain, smart contracts and, as a result, dApps.

«None of the crypto-economic incentive is not strong enough to overcome a missing use case,» writes Wu.

Don’t let users say what you do

«Some of the most important product solutions that seem obvious in retrospect, was controversial at the time. For crypto-projects active community can be either the biggest asset or biggest hindrance. Listen to your users, but filter the feedback. Do not give users what they want — give what they want,» writes Wu, citing the example of today’s popular products, which in the time of their launch sparked strong criticism, including the news feed on Facebook, all launches of Apple products that were considered too expensive to find success, and launched Netflix streaming, which the service has lost more than a million users.

Iteration is more important than the idea

Wu notes that in the crypto space there is a mistaken notion that the idea is the most important part of success. A result of the team focus on white paper and postpone launch. But a good idea is only the beginning. The high cost of failure makes the developers a long time to work without user contact: «the product development Cycle when creating smart contracts and decentralized networks are extremely slow because of the high risk of error [and pricing] (e.g., the attack on Parity). Instead of having to launch the product and Refine it based on user feedback, the team isolated and delay the receipt of important information from real users. Projects should start earlier and at a smaller scale. They should test the product on a small group of users, receive feedback and iterate,» believes Wu.

Even 20 years…

Many in the crypto-space marks yet another global and fairly obvious problem that can be solved only «natural» way — wait. «The number of users of cryptocurrencies today at about the same level as [number of users] of the Internet in 1994. For comparison, two of the first mega hit of the Internet era, Netscape and Yahoo! was founded in 1994 and 1995, respectively,» writes Yaoshang Ho, co-founder and CFO at Superlinear.

A graph of the growth of cryptocurrencies vs. growth graph of Internet users. Source.

In the discussion on Reddit, one user compares today’s development of cryptocurrency industry from an even earlier period: «I don’t think it’s right to call the crypto equivalent of the Internet in 1995. It’s the equivalent of “Internet” in 1986. BBSes, FIDO Mail, ARPANet, Compuserve, Quantum Link… Almost like today’s range of crypto-pieces,» — writes user under the name s1gmoid.

Yaoshang Ho cites several reasons due to which, in his opinion, none of today’s dApps never fired, and many of them are also associated with the «infant stage» of development of the industry, but in this case not in terms of adoption and in terms of the technology itself:

Scalability

Ho quotes the words of Vitaly Buterin, which in April 2018 at a conference in Seoul said: «If you want to create a decentralized Uber or Lyft on the basis of Ethereum, you are doomed. Point.»

Management

Problems with the management of Ethereum have already gone public, and one of the «killers Ethereum», EOS, was intended to solve, in particular, and this problem, but in the end he was faced with it already at the stage of launching.

The cost

Ho notes that the advantage of basic online services and mobile applications in front of blockchain applications that you can try them for free, at least in part premium — free version of a product with partial functionality. However, to use Ethereum-dApps, you must have the air.

Performance

«For the implementation of the transaction for EOS need at least 500 milliseconds. If your click on a web page requires the implementation of 10 transactions “in the background”, you have to wait 5 seconds. This is an unacceptable level of delays,» writes Ho.

Private keys

Ho notes that when working with dApps the user bears a lot of responsibility. He should not lose the private key, it needs to take care of its security, to avoid being stolen, there is no «hot line», which could help to cancel fraudulent activity. So, Ho thinks that there should be developed the decision to divide the key between members of the community.

In General, this paragraph can be reduced to the idea that usability wins. «Convenience, user interfaces — the Goliath, who David always wins. We all could use cash instead of Bank cards, but sold for the convenience of the write-off of fractional amounts and no need to carry pieces of paper» — said Oleksandr Garkusha, co-founder of Modern Token in comments to DeCenter.

«Users don’t [do it] and not have to care about the blockchain or decentralization. All that plays a role is user experience. The user simply downloads and uses,» writes one of the participants of the discussion on Reddit.

Other difficulties Ho considered the problem of storing and sharing large files, which is inconvenient on the blockchain, the volatility and the problem of random numbers (namely that they are difficult to generate on the blockchain, whereas many types of games without this it is impossible to create).

Why is the problem — it’s good

Despite the lack of «your bitcoins» in the niche dApps, experts are optimistic about the future. «Another way to look at this list of problems is [to look at it as a] a list of areas ready for investment,» notes Ho.

Wu, in turn, refers to the dotcom bubble and notes that the period following the burst of the bubble showed that «bear markets — one of the best periods in order to collect talent and build.» And it is far not the first who expressed a similar view about the bear market.

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Japan to regulate the ICO will review the legislation

Financial regulator of Japan plans to revise the relevant laws and regulations in order to regulate the initial proposals of the coins (ICO).

The financial services Agency of Japan (FSA) has approached this subject on the background of the growing popularity of the sale tokens in the country and the lack of clear rules governing the conduct of the ICO.

The FSA has already started monitoring aimed at Japanese investors. ICO, which the regulator considers suspicious. The Agency previously suspended the activities of cryptocurrency firms from Macau called the Blockchain Laboratory after several warnings for the provision of unregistered services.

In October last year, the financial regulator has issued a warning to businesses and users about the risks of participation in the ICO. Now FSA potentially moves on to regulation because of the law to legalize bitcoin payments, in force since April last year, is not enough to determine the legal status of some conducted by ICO.

We will remind, earlier it was reported that the Ministry of Finance of Austria has decided to regulate cryptocurrencies and the ICO on the basis of rules that exist for trade in precious metals and financial derivatives. The Ministry hopes that this will become an example for the entire European Union.

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Social scalability is the key idea of crypto industry. Part 1

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More recently, the blockchain was treated by many with great skepticism, believing it to be another bubble or a dead-end technology. However, the years go by and the blockchain galloping pace penetrates into all spheres of our life, over and over again proving that the future belongs to him. But if you think that the development of the blockchain is linked to the technological and economic necessities of mankind, it is not so. In this article, we explain why the emergence of the blockchain is quite natural from the point of view of evolution itself.

The origins of social scalability

In order to prove codependency blockchain and evolution, we need to go back a few millennia ago, to the origins of the formation of human society and processes associated with the development of civilization.

By observing the behaviour of gregarious primates, British anthropologist Robin Dunbar found a correlation between the level of development of the neocortex (new cortex) of the cerebral hemispheres of the brain of primates and the size of their flocks. After that, he evaluated the development of the human brain and proposed that the optimal size of the human community. Further studies of the settlements with the tribal system only confirmed his hypothesis — their sizes range expected in the Dunbar range and range from 100 to 230.

At the dawn of our history this number was the maximum possible number of people capable of joint coordination, control of resources and war with enemies. It is this quality determined the further extinction of the Neanderthals, the rapid evolution and worldwide dispersal of Homo Sapiens.

Much later, this important skill has led to social scalability, the phenomenon described by Nick Szabo, a well-known scientist in the field of computer science, cryptography, as well as in the field of law, known for his studies of smart contracts and cryptocurrencies. Social scalability is how and to what extent the participants can think and communicate with the Union and with other participants and increasing the number and variety of participants in this Association. The limitation here depends solely on the human, not from technological or material resources.

The whole future of human evolution associated with the expansion of this property. One of the most important tools of social scalability became the spoken and written language and culture, allowing to predict the behavior of other community members.

Technology as a natural consequence of evolution

Another important factor that enhances social scalability, became double-entry bookkeeping. Prior to this, information about the transaction is stored centrally, on one side, which facilitated the entry of debt. Double-entry bookkeeping allows you to deal with a company that you trust less, because you have your own immutable copy of the data transaction. This economic phenomenon of recent years stems another essential component of further social features — minimize trust. Now you don’t need to trust your partner or counterparty for transactions, because you just can to conclude a contract, and in case of default is to go to court.

This is the opportunity to make a joint action led to the sustained growth of social scalability. «This deeply misguided clichés constantly repeated with all departments and in the speeches of all the outstanding people that we should cultivate the habit of thinking about what we do. The situation is exactly the opposite. Civilization develops by increasing the number of important operations which we can perform without thinking about them», — said on this occasion, the English mathematician and philosopher Alfred North Whitehead.

In most cases, social institutions enjoying the strongest trust of people, such as the market depend on the confidence of its participants. These institutions, in turn, guarantee the security and implement the necessary parties to the contracts. Modern technology can only partially eliminate some of the vulnerabilities, for example, to reduce the need or the risk of trusting other people. Institutions that completely eliminates the need for trust at the moment.

One of the ways to assess the social scalability of a particular institutional technology identify the number of people making productive and mutually beneficial part of this conglomeration. And, you can assess benefits and damages that the Association brings to the participants before the strength of cognitive or behavioral causes damage from participation in the Union will grow more rapidly than the benefits. The less the citizens of a state depends on the local customs, laws and language, the less scalable this state. Therefore, globalization is a direct consequence of the evolutionary process.

The revolution of blockchain

So how is social scalability, and due to cognitive limitations of the natural social relations of the person with cryptocurrency? We all know the story of bitcoin. In 2009, a certain person or group of persons under the name Satoshi Nakamoto created the most scalable social currency in the history of mankind beyond the control of either regulators or police and lawyers, nor bankers. Thus, we took the first steps away from the managed, local and not very safe system to automatic, globalized and safe, make one more leap in the direction of greater social zoom.

However, not all experts are optimistic about a breakthrough undeniable nature of the appearance of the technology of the blockchain. «Some people attribute its uniqueness and innovativeness, exclusively from the financial sector. I don’t think that real participation in the projects will increase because of the blockchain. Perhaps this will simplify attachment of the money of ordinary people. But kickstarter and similar sites have for a long time. Yes, and traditional institutions still attract the resources of many people», — shared his opinion with Decenter.org Vasily Popkov, PhD student of bioengineering and bioinformatics of MSU named after M. V. Lomonosov.

Anyway, to tamper with the blockchain is unlikely to be a sane person, let alone how extensive will be the changes associated with it, and what areas of life they affect, only time will tell.

The continuation in the second part.

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