Basecoin (Bitshares 2: Electric Boogaloo)

Crypto today is borderline euphoric. As it should be, considering that many of its leading voices are printing money, having made investments in 2010 that have paid off at a rate of 65,000,000% as of earlier this morning. These same voices call to you now to join them in this revolution of personal investment and wealth generation driven by technology. This is the core underlying cause of the ICO mania. all this talk of #bitcoin bubbles… if the dot com boom is any indicator, plenty of room! must read research – https://t.co/k5H2YCkndP pic.twitter.com/xxPqzuRhoT — Meltem Demirors (@Melt_Dem) October 13, 2017…

Thoughts on the SAFT, pt. II: SAFT Harder

We’re not talking about the goddamned Howey Test. Not again. Oh yeah we are. Before we continue, disclaimer: I’m not your lawyer, I’m not an American lawyer either, and this is a blog post, not legal advice. Also, this is the second piece I’ve written on the SAFT structure. The first may be found here. So, the SAFT Whitepaper came out today, and the market is reacting like it’s a pretty big deal. As they should. Published by Cooley LLP and Protocol Labs, the report’s authors include Cooley’s Marco Santori and Patrick Murck, both of whom understand blockchain technology and cryptocurrency…

Absolute must-read

Ray Dillinger, early Bitcoin code auditor, writes in LinkedIn about his view of the ICO phenomenon: …the Trustless nature of Bitcoin was the main thing that convinced me Satoshi wasn’t scamming. He built a highway with no toll bridge. People could use Bitcoin without creating any obligation to pay him anything ever. He wasn’t selling coins, he was giving them away for solving hashes. He reserved nothing for himself.   He wasn’t trying to line his own pockets at the expense of others. In fact I don’t think I’ve ever encountered someone so completely uninterested in personal wealth. You know…

Prog Rock Friday

There is an inexpressibly sad story re: the prog rock mega-group Yes in the news this week. I won’t go into here, save to say it prompted me to look back at Steve Howe’s guitar work for adolescent Yes in the 1970s. Please find below a track from Yessongs, Yes’ first live album, released in 1973 (although recorded in 1972). The song is Yours is No Disgrace (from the Yes Album). I also include a video recording of the group performing the same song for your viewing enjoyment. What we hear and see is Howe just beginning to wield the full might…