Please share if you find this article interesting. Avoiding Digital Feudalism Built on Blockchains Cab Morris is blockchain strategy lead for the Illinois Blockchain Initiative and deputy director of strategy and operational performance for the Illinois Department of Financial and Professional Regulation. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Let's all acknowledge that things are looking pretty positive in the world of blockchain. Bitcoin's price continues to skyrocket. Digital Asset's production implementation shows private blockchains can add value to enterprise IT. Token offerings, SingularityNET and Sweetbridge – to name a few – are building platforms and applications to solve complex problems, maturing the utility token beyond wha
Please share if you find this article interesting. From $900 to $20,000: Bitcoin's Historic 2017 Price Run Revisited The chart above says it all. One year ago as of the time of writing, the price of bitcoin traded between $930 and $978 – movements that perhaps set the stage for the cryptocurrency's value to cross the $1,000 on New Year's Day. Indeed, that headline-making development would be the first of many to come for 2017. In this article, we look at some of the major moments for bitcoin's price during the last 12 months, a period of time that saw the price of bitcoin climb from below $1,000 to nearly $20,000 on the CoinDesk Bitcoin Price Index (BPI). It was a year that arguably exceeded last year's bullish predictions and one that saw unprecedented interest coming from pl
Please share if you find this article interesting. Bitcoin or Blockchain? Bet That Both Will Thrive in 2018 Caitlin Long is the chairman and president of Symbiont, an enterprise blockchain platform. The following article, an exclusive contribution to CoinDesk's 2017 in Review, outlines Long's personal views and is not intended to provide investment advice. Bitcoin and blockchain are often pitted against each other, but I come from both worlds and believe that both are game-changers in their own right. I first learned about bitcoin in 2012 through liberty-oriented channels, which I’d discovered during a search for answers about the financial crisis in 2008. But I also took a deep dive into enterprise blockchain in 2014 while at Morgan Stanley, as a side interest to my day job o
Please share if you find this article interesting. Hacks, Scams and Attacks: Blockchain's Biggest 2017 Disasters Hard forks? Soft forks? ICOs? Bombarded by no shortage of unfamiliar technical terms in 2017, consumers in the blockchain sector once again proved a ripe target for hackers and criminals. But, not all hacks and scams were created equal. Some rose above the froth – either due to their size or impact – as well as what they said about the state of blockchain technology and the industry itself. Still, the impacts of these incidents were far from academic. Whether it was a simple wallet hack, fraudulent ICO or a bug in a piece of software code, investors lost millions, with nearly $490 million taken in the incidents below. So far, none of the perpetrators of these crimes ha
Please share if you find this article interesting. 2018 and Beyond: Tokens Are Slowly Eating the Firm Tekin Salimi is a corporate lawyer and principal at Xastris.io, a blockchain advisory firm specializing in regulatory, capital markets and ICO execution services. The following article is an exclusive contribution to CoinDesk's 2017 in Review. One of the most fascinating outcomes of the 2017 gold rush into open-source protocol development is the growth of "community management" – a business function that combines elements of marketing, business development, investor relations and human resources. Community managers are being hired en masse. Their job is to oversee all matters relating to a blockchain project's community of supporters. This includes interacting with core develop
Please share if you find this article interesting. ICOs: The Beauty, the Beast and JFK Christine Duhaime is a financial crime attorney and the founder of the Digital Finance Institute, where she advises digital currency companies, and the co-founder of Chatbo, an AML chatbot solution for screening and onboarding. The following article is an exclusive contribution to CoinDesk's 2017 in Review. All technological advances have a good and a bad side. Initial coin offerings (ICOs) are no different except that unlike other new technologies, their good and the bads side exist in extremes without any middle ground or balance. The beauty Let's talk about the good, or the beauty, of ICOs first. The beauty of ICOs is that they have reinvigorated the American dream of having the opportunit...
Please share if you find this article interesting. No One Should Control the Blockchain Supply Chain Samantha Radocchia, Ryan Orr and Maksym Petkus lead development and strategy at Chronicled, a San Francisco startup that leverages blockchain and IoT technologies to deliver smart supply chain solutions. The following article is an exclusive contribution to CoinDesk's 2017 in Review. 2017 was a foundational year for blockchain. We saw the emergence of new networks, platforms, strategies and fundraising vehicles, and we saw the prices of major cryptocurrencies skyrocket. We saw ICOs. We saw blockchain enter the common vernacular. But the most exciting of all of these advancements in 2017, we believe, was blockchain’s ability to bring together disparate ecosystems – often competi
Please share if you find this article interesting. Privacy on the Blockchain: Where Are We Headed? Arianna Simpson is the founder and managing director of Autonomous Partners, a fund focused on cryptocurrencies and digital assets. She is also a venture partner at Crystal Towers Capital, a venture capital fund, and previously spent time at Facebook and BitGo. The following article is an exclusive contribution to CoinDesk's 2017 in Review. For all the claims that have been made over the years about bitcoin being a safe haven for criminals, it’s becoming increasingly clear that capital flows on the blockchain aren't private. Bitcoin itself indexes poorly on both the anonymity and confidentiality fronts, as addresses offer pseudonymity at best, and balances are completely public.
Please share if you find this article interesting. On Greed and Growing Up: Why Crypto Looks A Lot Like Wall Street Jill is an independent advisor and consultant working on everything from early-stage token ventures to initiatives at large institutions. The following article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. I first seriously heard about cryptocurrency while I was working on Wall Street. This was in 2013. I was trading Argentine credit. One of my local brokers in Buenos Aires wanted to know if I had knew anything about bitcoin. Argentina, at the time, had been locked out of capital markets for over a decade. The peso, ostensibly pegged to the US dollar, traded at a discount on the ground, leaving locals hungry for other stores of value. C
Please share if you find this article interesting. 2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Jez San is CEO of FunFair Technologies, an ethereum-powered casino platform. A vocal supporter and critic of blockchain technologies, San was also a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it's high fees and slow transaction times is hardly suitable for payments – spending the same fee whether you buy a coffee or send $100,000 is a joke and the promise of