Busted: BitPay obscures public keys in bid to popularize proprietary payment URLS; users revolt

Leo Zhang

By Leo Zhang

Monday, January 8, 2018

News

Bitcoin slides as website drops South Korea prices from virtual currency rates (Reuter)

"CoinMarketCap shows real-time prices and market capitalizations for more than 1,300 cryptocurrencies and is widely followed by market participants. The exclusion of data from South Korean exchanges, where virtual currencies trade at a wide premium, sowed confusion and triggered a broad selloff."

Fed Officials Encourage Reassessment of Inflation Target (WSJ)

"The Fed established a formal 2% inflation target six years ago, but in recent months some officials and other economists, including former Fed Chairman Ben Bernanke, have said the central bank should revisit the framework because interest rates now appear likely to remain much lower for longer. As a result, the Fed could find itself with less room to stimulate economic growth during the next downturn."

Commentary

Making China Great Again (The New Yorker)

"China has never seen such a moment, when its pursuit of a larger role in the world coincides with America’s pursuit of a smaller one. Ever since the Second World War, the United States has advocated an international order based on a free press and judiciary, human rights, free trade, and protection of the environment."

Technical

The Challenges of Building Ethereum Infrastructure (Jameson Lopp)

"The complexities in operating a smart contract based multisignature Ethereum wallet have surprised us on several fronts. We still have plenty of work to do in both the operational and user experience areas and we are eagerly observing the continued evolution of development tools and best practices for smart contract security. "

Intel’s New Chips Are More Brain-Like Than Ever (MIT Technology Review)

"The idea of neuromorphic chips has been around for decades, but the technology may finally be ready to find its commercial niche. Across the tech industry, progress in AI has inspired new research into hardware capable of using machine-learning algorithms more efficiently."

Wallet Developers Express Security Concerns Over BitPay’s Payment Protocol Policy (Bitcoin Magazine)

"All orders of the BitPay Card will require payments from Payment Protocol-compatible wallets, such as BitPay’s own wallet and a few others. This announcement came after an initial notice in November 2017, when BitPay first announced that BitPay invoices would soon require payments from wallets compatible with the Bitcoin Payment Protocol."

Tools & Tutorials

Atomic Swap Readiness Matrices of on-chain compatibility and payment channel network compatibility of different projects