January 2016

Featured Fossil – Brachiopods and Trilobites

Trilobites and brachiopods from Trilobite Hill near Adels Grove, north-west Queensland. 12/07/2011.

Trilobites and brachiopods from Trilobite Hill near Adels Grove, north-west Queensland. 12/07/2011.

Pictured is a small section of the layer of rock displaying a lot of brachiopods, trilobites and traces of other strange sea creatures on the top of a weathered hill near Adels Grove, north-west Queensland.

Trilobites (meaning “three lobes”) are marine arthropods that first appeared during the Cambrian period (500+ million years ago) and disappeared from the fossil record around 250 million years ago.

Brachiopods (meaning “arm foot”) are extinct marine animals with asymmetrical upper and lower valves (shells), unlike the symmetrical left and right valve of extant bivalve molluscs.

See also Trilobite and Brachiopod.


Sun 31/01/2016

Bitcoin, Blockchain & Regulation

Blockchain

Bitcoin

Altcoins

CryptoExchange


Sat 30/01/2016

Ethereum

  • The new Ethereum Wallet 0.3.9 (Beta 6) has ShapeShift integration to allow you to automatically convert your bitcoins into ethers. Download the file for your operating system (Linux, Windows, MacOSX), unzip the file and run the binary. The wallet will take a few tens of minutes to sync with the Ethereum blockchain.

Cryptocurrency & Regulators

Blockchain

Bitcoin

AltCoins


Fri 29/01/2016

Ethereum

Bitcoin, AltCoins, Blockchain & Regulators

Peer-to-peer Marketplace

Blockchain

Bitcoin


Thu 28/01/2016

Ethereum

Bitcoin, Blockchain & Regulators

Blockchain

Bitcoin


Wed 27/01/2016

Ethereum

Blockchain, Regulation & Government

Blockchain

Bitcoin

AltCoins

CryptoExchange


Tue 26/01/2016

Ethereum

Blockchain, Cryptocurrency, Regulation & Government

Blockchain

Bitcoin

AltCoins

FinTech

Software Development


Mon 25/01/2016

Blockchain & Regulation

Bitcoin


Sun 24/01/2016

Blockchain

Bitcoin

CryptoCurrency & Regulators

ECash

CryptoExchange

Internet of Stupid Things


Sat 23/01/2016

Blockchain & The World Economic Forum

Blockchain

Ethereum

Bitcoin

Security & Privacy

Windoze

Health

 Palaeontology


Fri 22/01/2016

Bitcoin, Blockchain & Regulation

Blockchain

Ethereum

Bitcoin

AltCoins

Cash

CryptoExchange

Privacy


Thu 21/01/2016

Blockchain & Derivatives

Blockchain & Bonds

Blockchain, Government & Regulation

Ethereum

Bitcoin

Blockchain

Privacy

Biology


Wed 20/01/2016

Blockchain & Government

Ethereum

Bitcoin

Blockchain

CryptoExchange

Palaeontology


Tue 19/01/2016

Interesting

  • Tendermint Gets Ready for Launch [cryptocoinsnews.com] – I could not find details on the decentralised nature of this programmable blockchain – seems to run on federated/private nodes, so not secure on the wild Internet; the multiple programming languages is nice but how to prevent a program from crashing the node? Not so important in a private network; so seems to be a immutable distributed database with multiple programming languages, programmed blockchain style. If only for federated/private nodes, not as useful as Ethereum even with the multiple programming languages.

Blockchain Use Case

Ethereum

Bitcoin

Blockchain

FinTech

Decentralisation

CryptoExchange Backdoor


Mon 18/01/2016

Bitcoin

AltCoins

Blockchain

CryptoExchange Backdoor

Banking

World Finance


Sun 17/01/2016

Ethereum

Bitcoin

Cryptocurrency & Regulation

Blockchain

CryptoExchange Backdoor

  • Backdoor In IRC Code [github.com] – The Cryptsy exchange admitted [cryptsy.com, 14/01/2016] that a backdoor was inserted into it’s Lucky7Coin wallet software by an unknown developer. Here is the code, with some attempts to hide the ‘popen’ and ‘pclose’ calls to open up the backdoor’s network connections. 13,000 bitcoins and 300,000 litecoins (worth ~ 5.7 million USD today) were stolen in July 2014. Crypsy was probably trading while insolvent since then. As a comparison, Mt Gox had 850,000 bitcoins stolen [wikipedia.org] in February 2014 (worth ~ 450 million USD at that time).
  • Federal Investigations of Cryptsy Underway [99bitcoins.com] and it’s response [cryptsy.com].

Privacy


Sat 16/01/2016

Ethereum

Bitcoin Blocksize Fallout

Bitcoin

AltCoins

Blockchain

CryptoExchange

Technology

Privacy

Health


 

Fri 15/01/2016

Ethereum

Bitcoin

AltCoins

Blockchain

CryptoExchange

Dark Web

Software Development

China


Thu 14/01/2016

Cryptocurrency & National Security

Ethereum

Blockchain

Bitcoin

AltCoin

Privacy

China

Climate Change

Archaeology


Wed 13/01/2016

Ethereum

Bitcoin

Cryptocurrency Exchanges

Cryptocurrency

Blockchain

Health


Tue 12/01/2016

So Long Major Tom, Ashes to Ashes

Bitcoins, Cryptocurrency And Australian Taxation

  • Tax treatment of crypto-currencies in Australia – specifically bitcoin [ato.gov.au, 18/12/2014].
    This is not tax, legal, financial or investment advice – read the details in full at the ATO link and seek professional advice if required, but here are some points relating to personal use:

    • This guidance paper provides an overview of the tax treatment for transactions associated with crypto-currencies, specifically bitcoin. Where other crypto-currencies have the same characteristics as bitcoin, the information in this guidance paper applies equally to the taxation treatment for other crypto-currencies.
    • Summary
      Transacting with bitcoins is akin to a barter arrangement, with similar tax consequences.The ATO’s view is that Bitcoin is neither money nor a foreign currency, and the supply of bitcoin is not a financial supply for goods and services tax (GST) purposes. Bitcoin is, however, an asset for capital gains tax (CGT) purposes.The records you require in relation to bitcoin transactions are:
      a. the date of the transactions
      b. the amount in Australian dollars (which can be taken from a reputable online exchange)
      c. what the transaction was for, and
      d. who the other party was (even if it’s just their Bitcoin address).
    • Using Bitcoin to pay for personal transactions
      Generally, there will be no income tax or GST implications if you are not in business or carrying on an enterprise and you simply pay for goods or services in bitcoin (for example, acquiring personal goods or services on the internet using Bitcoin). Where you use bitcoin to purchase goods or services for personal use or consumption, any capital gain or loss from disposal of the bitcoin will be disregarded (as a personal use asset) provided the cost of the bitcoin is $10,000 or less.

Non-Crypto Virtual Currency / Community Friendly Currency

These have been around before Bitcoin (2009), are not strong-cryptographically secured or decentralised, but have served as transfer units for time worked, and I believe are transferable globally across the local community group boundaries.

“Community trading strengthens community values and relationships, promotes self-sufficiency and supports sustainability, prevents stuff from going to landfill, gets neglected jobs done, potential to inter-trade with other LETS communities, meet like minded people, build and be a part of the local community.” [auslets.org/sydney/]

  • Sydney LETS [auslets.org/sydney/] – The Sydney Community Exchange System, which is part of:
    • Community Exchange System Australia [communityexchange.net.au] – “Online trading system for Australian LETS groups & Community Currencies” where the global “network currently consists of 750 more or less active communities in 70 countries and the software has so far been translated into 22 languages”. This is part of:
      • Community Exchange System [www.community-exchange.org] – The global system to create “a world free of money”. And that started in 2003.
  • Timebanking [timebanking.com.au] – “community program that allows the voluntary exchange of services between members” in collaboration with the NSW Government Family & Community Services.

Bitcoin

Blockchain

Software Development


Mon 11/01/2016

Some Blockchain Alternate Uses

Ethereum

  • Digix [dgx.io] launching a system to secure gold assets on the Ethereum blockchain. Opening soon. From https://www.reddit.com/r/ethereum/comments/407lem/digix_website/, “here’s how it works:
    • You pick out a gold bar sold by their vendor in an online store, which costs a specific amount of Bitcoin.
    • You send the BTC to Digix, and then they put that gold in their vault and create a receipt on the Blockchain called a Proof of Asset card and give it to you
    • At any time you can take that indivisible card representative of a gold bar, and turn it into gold tokens at a ratio of 1 token to 1 gram of gold (plus a service fee to Digix). The main difference is that these tokens are divisible and thus more useful in the blockchain ecosystem.
    • Also at any time you can gather enough gold bars to recollect your PoA and take its gold out of circulation. You can even fly to Singapore where the gold is stored and collect the physical metal if you want. It’s yours!

Basically Digix has set up an infrastructure to recognize gold in a standardized way and create cryptotokens at a very stable ratio against gold. Hope this clears things up.”

Bitcoin

Software Development

Security

Internet Of Things

Megapolies

Sun 10/01/2016

Blockchain

Bitcoin

Crypto Infrastructure

  • Bitcoin Bank [bitcoincryptobank.com] – Just stumbled upon this one. Will look more into it.

Community Friendly Currencies – NOT Crypto

Security & Privacy


Sat 09/01/2016

CryptoDerivativesTM

My research into the cryptocurrency derivatives market:

Blockchain

Ethereum

Bitcoin

Cryptocurrency & Exchanges

Security & Privacy

Software Dev

Geological Time


Fri 08/01/2016

Blockchain

Bitcoin

Peer-to-peer Marketplace

Privacy


Thu 07/01/2016

World Economy

Blockchain

Ethereum

Bitcoin

MegapoliesTM

Gift Cards

Life


Wed 06/01/2016

Security And Privacy

Ethereum

Blockchain

Bitcoin

Health


Tue 05/01/2016

Public Resource Privatisation

Security & Privacy

Ethereum

Bitcoin

China Stock Market

Health

VW Bailout Bill


Mon 04/01/2016

Bitcoin

Ethereum

Blockchain

Chinese Stock Market


Sun 03/01/2016

Bitcoin & Blockchain

Security


Sat 02/01/2016

More Public Goods Sell-Off

Privacy

Bitcoin & Blockchain


Fri 01/01/2016

Happy New Year.

Blockchain

Open Source Community

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