Winklevii propose a self-regulatory organization for cryptocurrency
Gemini founders Cameron and Tyler Winklevoss put forward a proposal for a self-regulatory organization for the U.S. cryptocurrency industry. The proposal received positive feedback from CFTC Commissioner Brian Quintenz (see story below).
"Below, we outline a proposal for the Virtual Commodity Association (the 'VCA'), an industry sponsored self-regulatory organization for the U.S. virtual currency industry, specifically virtual commodity exchanges and custodians (collectively, 'platforms')."
"In a demo of its work, Chubu and Nayuta went so far as to show how a Lightning payment could be sent to an electric vehicle charger that, once paid, instantly turned on and began to energize a real-life vehicle."
"Having already expanded its China-based ASIC chip manufacturing into Switzerland and Canada, Bitmain is looking to add a facility to the Pacific Northwest region of the United States."
"Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence."
"The U.S. represented the largest marketplace, with 42 percent of sales by value, followed by China at 21 percent and the U.K with 20 percent. Last year’s total fell short of the 2014 peak, when sales reached $68 billion."
"Last August, military forces in Myanmar conducted operations focused on Rohingya Muslims. So far, it’s estimated that 700,000 Rohingya have fled to Bangladesh as a result. The UN is investigating a potential genocide in the nation."
"Sia’s token model consists of two tokens: Siacoin as a utility token and Siafunds as a revenue-sharing tokenized security. We believe this model better aligns our incentives for the long term."
"Here is the how the Decred mining rewards work: 60% of the block reward goes to miners, as they use energy for all of the computation, and 30% goes to stakeholders as a reward for using (staking) the network. Lastly, 10% of the block reward goes into a treasury fund and/or to the developers."
The latest episode of Unchained -- the skeptics' episode -- is out today with @prestonjbyrne and @angela_walch! Based on the tweets and messages I'm getting so far, this one is a hit! https://t.co/gzeni3nmeJ— Laura Shin (@laurashin) March 13, 2018
"Together, these mean that in theory, a user can create a fixed number of channels that will last her a lifetime. She can receive her salary or payments through these channels, and send out payments back again through them, ad infinitum, without ever needing to close channels or create new ones."
"CTS-Labs, an Israeli cybersecurity firm, says it has found multiple flaws in AMD’s Ryzen and Epyc processors that could let hackers who’ve already compromised computers access secure portions of the processors to install malware or steal sensitive data like encryption keys."
"In terms of actual threats, base AI is going to be really interesting. It's interesting from a defensive stand point and from an offensive standpoint. So as the attackers think about new ways to leverage artificial intelligence I think that that's something that keeps me up at night because the game could start going very fast once both sides start to deeply significant automation."
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