Blockstream-backers AXA take pessimistic long-term view, warning of 'propogation channels for future shocks' to global economy

Leo Zhang

By Leo Zhang

News

China is Said to Escalate Crackdown on Cryptocurrency Trading (Bloomberg)

"The government plans to block domestic access to homegrown and offshore platforms that enable centralized trading, the people said, without being more specific about how policy makers define such platforms."

Commentary

Vancouver to Quebec: Canada's Bitcoin Mining Race is Just Beginning (CryptoInsider)

"Bitcoin veterans are no stranger to conflicting news coming from China, but it seems that some miners are looking for alternatives, and Canadian energy companies are looking to step up to meet the demand"

AXA-2018 Global Strategy Outlook (AXA)

"QE has lifted all boats. At present, almost all financial assets are expensive, with ultra-low interest rates the underlying driver of valuations. Short-term optimism should be balanced by longer-term pessimism. A decade long search for yield has produced vulnerabilities and propagation channels for future shocks."

Technical

Ethereum Classic Devs Aim to Address Scaling With Callisto Sidechain (The Merkle)

"Callisto will be both a separate blockchain and an Ethereum sidechain. The native currency of Callisto is known as CLO, which has a fixed cap similar to Ethereum Classic. This new currency is also a way to introduce the “cold staking protocol” which rewards coin holders for being a part of the network."

Decentralization in Bitcoin and Ethereum (Hacking, Redistributed)

"Both Bitcoin and Ethereum mining are very centralized, with the top four miners in Bitcoin and the top three miners in Ethereum controlling more than 50% of the hash rate.The entire blockchain for both systems is determined by fewer than 20 mining entities."

Simple Schnorr Multi-Signatureswith Applications to Bitcoin (Blockstream)

"We describe a new Schnorr-based multi-signature scheme (i.e., a protocol which allows a group of signers to produce a short, jointsignature on a common message), provably secure in the plain public-keymodel (meaning that signers are only required to have a public key, but do not have to prove knowledge of the private key corresponding totheir public key to some certification authority or to other signers beforeengaging the protocol)"

Tools & Tutorials

Building a Blockchain: The Grey Paper An Ethereum implementation walk-through.

Updates

SiaCoin SiaCoin is now traded on Upbit exchange. Twitter