March 2016

Featured Fossil – Dinosaur Footprint @ Winton, Queensland

Dinosaur footprint – Winton, Queensland. 29/08/2010.

Dinosaur footprint – Winton, Queensland. 29/08/2010.

Pictured is a “true track” trace fossil of a dinosaur footprint showing the three forward toes of a medium sized theropod dinosaur from the mid-Cretaceous period, around 93 million years ago.

Visit the Lark Quarry dinosaur trackway just outside Winton, Queensland, or see the video and small reproduction of the trackway on the top floor of the Australian Museum in Sydney.

See also The Winton dinosaur trackwaysLark Quarry Dinosaur Trackways, Winton Dinosaur Trackways Fact Sheet and Fossil footprints through geologic time.


March 2016 Highlights

Ethereum

  • Microsoft adding the Ethereum Smart Contract programming language to Microsoft Visual Studio.
  • Australian exchange Coinimal now has Ethereum trading
  • Gold trading on Ethereum by digix.io Decentralised Autonomous Organisation (DAO) raises 5.5 million in 14 hours
  • Decentralised open source options trading available on the Ethereum blockchain
  • You can pay your BPay bills using ethers (or bitcoins) or convert your ethers (or bitcoins) into your AUD bank account via the LivingRoomOfSatoshi service
  • Ethereum has now come out of beta with the Homestead release @ 14/03/2016. The price of 1 ether went up to AUD 20+ around that date but has now dropped down and is hovering at around AUD 15.50 . It was AUD 2.18 a 2.33 months ago.

Crypto, Regulation & Government

  • Australia planning to remove GST double-taxation on crypto to/from fiat currency exchange to encourage Fintech innovation
  • Countries considering launching their own digital currencies
    • The Netherlands
    • Bank of England
    • Kazakhstan (BoratCoin?)
  • Russia plans to ban Bitcoin and jail users for 7 years
  • Japan to recognise crypto currencies as regular money

Blockchain

  • ASX still ploughing ahead with blockchain plans after chief Elmer Funke Kupper resigns due to allegations of bribes for a Cambodian online gaming licence in his previous CEO role at Tabcorp
  • Aussie post considering blockchain identity solutions
  • Repo trading post-trade on the blockchain tested by DTCC and Digital Asset Holdings
  • IBM donated their open block chain source code to Hyperledger to be run by the Linux Foundation
  • ICAP has piloted post-trade settlement on the blockchain
  • R3 tested out trading commercial paper on the blockchain

Bitcoin Blocksize Tweetle Beetle Bottle Puddle Paddle Battle

  • Bitcoin transactions exceed the 1Mb blocksize every 10 minutes
  • Main Bitcoin Core developers Blockstream wants the block size to stay low so they can collect higher fees via the Lightning Network sidechain as transactions are prioritised by fee size. And they are being funded by large traditional financial corporations.
  • Bitcoin Classic with the 2Mb block size only has ~ 6% of mined blocks

Bitcoin

  • Bitcoin mining rewards will be halved in the middle of this year (built into the algorithm) and there is uncertainty as to what happens then. Miners may find it too unprofitable. Transactions fees may have to rise.

Peer-to-peer Marketplace

  • Decentralised OpenBazaar marketplace now in testing phase, plans to go live around the middle of this year. Plans to be fee-free eBay.

Cash & Interest Rates

  • EU considering removing EUR 500 notes from circulation as these are used for illicit activities
  • Australia’s AUD 100 notes are apparently not circulating much as they are used for illicit activities
  • Negative interest rates increasing around the world as governments want the population to spend their cash to rev up their economies

Technology

  • Microsoft will be offering Ubuntu Linux on Windows

Security

  • Bitcoin ransomware is still infecting organisations

Thu 31/03/2016

Crypto, Regulation & Government

Blockchain & Smart Contracts

Bitcoin

Palaeontology


Wed 30/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

P2P Marketplace

Security & Privacy


Tue 29/03/2016

Ethereum

Blockchain

Bitcoin

Crypto

Scams


Mon 28/03/2016

Crypto, Regulation & Government

Blockchain & DAOs

Bitcoin

Crypto

CryptoExchange


Sun 27/03/2016

Crypto, Regulation & Government

Blockchain

Bitcoin


Sat 26/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain & Fintech

Bitcoin

Crypto

Patents

Security

Scams, Ponzis


Fri 25/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain & Smart Contracts

P2P Markets

Bitcoin

AltCoins

Scam, Security & Privacy


Thu 24/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain, Smart Contracts & Fintech

Bitcoin

AltCoins

Crypto

Security & Privacy

Cashless


Wed 23/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain & Fintech

Bitcoin

Crypto Exchange

P2P Marketplace

Tech


Tue 22/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Crypto

AltCoins

Banking

Security & Privacy

Tech


Mon 21/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

Crypto

Security & Privacy


Sun 20/03/2016

Ethereum

Palaeontology


Sat 19/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

AltCoins

Tech

Security

Privacy

Free Speech

Palaeontology


Fri 18/03/2016

Ethereum

  • From What are the risks associated with using Ethereum? [ethereum.stackexchange.com], originally from reddit/r/ethetrader by Dunning_Krugerrands:
    • Technical risks
      • CASPER POS is challenging and not 100% certain it will work.
      • Scaling & sharding is challenging and not 100% certain it will work.
      • Maybe despite being batshit crazy Paul Sztorc could be right that oracles are impossible
      • Possible long term security holes of fundamental flaws might be discovered
    • Resource & cashflow risk
      • Foundation has limited funds.
      • Key developers could be poached.
      • Still not seeing evidence of significant VC investment.
    • Competition risks
      • R3 may win financial market
      • Hyperledger may win IOT market
      • Ripple could win international settlement & remittances market.
      • Some anon coin may win the darknet market
      • Could have a million ethereum alt coins indeed consensy could themselves fork Ethereum
      • Bitcoin might finally sort out their politics
      • Rootstock & counterparty
      • Some new unknown coin could be a better ethereum than ethereum.
    • Regulatory risks
      • Goverments could clamp down on crypto exchanges
      • Goverments could require permissioned system or back a rival system
      • Goverments could clamp down on IPO or crowd shares
      • Goverments could clamp down on issuance of assets or create more onerous KYC requirements
    • Reputational risks
      • If Kraken or Polonex is the new Mt Gox
      • If some scam or pyramid scheme gives Dapps a bad name
      • If a significant number of wallets are hacked
      • If Ethereum community becomes as toxic as the bitcoin community
    • Barriers to adoption
      • It is hard to communicate what Ethereum is
      • Press insist on using the term ‘blockchain’ or ‘bitcoin’
      • Ethereum PR sucks.
      • It is still hard for ‘normal people’ to buy Ether and securely store it.
      • There is not yet a killer app
      • Maybe nobody actually wants Dapps or even crypto currency they just want an investment opportunity
      • Even if there is a killer app the advantages of decentralisation are unclear
      • Maybe noone actually cares about decentralisation apart from nutjob bitcoiners and they only care about bitcoin
      • Still no major exchanges listing and hard to buy in directly from fiat
      • Major Chinese exchanges may never add Eth because they make all their money from mining BTC so don’t want Eth to succeed.
    • Risk Ethereum could succeed without Ether becoming really valuable
    • Stable coins, gold & other currencies will be used for payment & wealth storage not Eth.
    • Eth will lose it’s monopoly for buying gas
    • Because of competition & scaling transaction fees will fall to the cost of operation & capital.
  • DAO [slock.it] – Download Whitepaper.
  • BTCS Launches Ethereum Pilot Program [bitcoinist.net]

Crypto, Regulation & Government

Blockchain

Bitcoin

AltCoins

Payments

Security

Privacy


Thu 17/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

CryptoExchange

Security

Living Wage

Propo

Environment

Nature

Ticks


Wed 16/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

AltCoins

P2P Markets

CryptoExchange

Security

Privacy


Tue 15/03/2016

Ethereum

  • Happy Homestead Birthday Ethereum. Block #1,150,000 was mined at 05:49:53. Yeah, by Dwarfpool who currently have 49.1% of the network hashpower.
  • Coincheck Integrates Ether Amid Continued Optimism [news.bitcoin.com]
  • Ethereum mining hashrate is too concentrated. From etherchain.org:
    • 18:05 14/03/2016 50.3% Dwarfpool, 11.7% Nanopool, 9.7% Ethpool. All the newcomers finding it easier to download the binaries from the pools and point their hashrates to the same pools.
      ethchain.org - top miners - 18:05 14/03/2016

      ethchain.org – top miners – 18:05 14/03/2016

    • 08:30 14/03/2016 48.2% Dwarfpool, 11.9% Nanopool, 10.2% Ethpool
      ethchain.org - top miners - 08:30 14/03/2016

      ethchain.org – top miners – 08:30 14/03/2016

Crypto, Regulation & Government

Blockchain

Bitcoin

Crypto Inheritance

CryptoExchange Problems

Security


Mon 14/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

CryptoExchange

Tech

Security

Privacy


Sun 13/03/2016

Ethereum

  • Ethereum has just passed USD 1 billion in market capitalisation. Bitcoin is now only 6.277 x larger in market capitalisation compared to Ethereum. And it is still in beta until Pi day (14/03/2016). Congratulations on Vitalik + co.
    Coin Market Cap - Ethereum > USD 1 Billion

    Coin Market Cap – Ethereum > USD 1 Billion

Crypto, Regulation & Government

Blockchain

Bitcoin

Tech

Security


Sat 12/03/2016

Crypto, Regulation & Government

Blockchain

AltCoin

Technology

Security

Palaeontology & Nature


Fri 11/03/2016

Ethereum

Crypto, Regulation & Governments

Blockchain

Bitcoin

Palaeontology


Thu 10/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin


Wed 09/03/2016

Ethereum

Peer to Peer Marketplace

Crypto, Regulation & Government

Blockchain

Bitcoin

Decentralisation


Tue 08/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

CryptoExchange

$$$

Security

Privacy


Mon 07/03/2016

Ethereum

Smart Contracts (non-Ethereum Blockchain)

Blockchain

Bitcoin

Tech

Security


Sun 06/03/2016

Ethereum

Crypto, Regulation & Government

Blockchain

Bitcoin

CryptoExchange

Peer-to-peer

Gold

Payments

Security

Privacy


Sat 05/03/2016

Ethereum

Bitcoin, Blockchain, Regulation & Government

Blockchain

OpenBazaar

Bitcoin

Community / Social Exchange

  • Pendo [pendo.cc] – “Pendo is a social exchange platofrm that empowers you and your community”.

Fri 04/03/2016

Ethereum

Bitcoin, Blockchain, Regulation & Government

Blockchain

Bitcoin

Bitcoin Derivatives

AltCoins


Thu 03/03/2016

Ethereum

Bitcoin, Blockchain, Regulation & Government

Decentralised Marketplace

Blockchain

Bitcoin

Cryptocurrencies

Science & Research

Palaeontology


Wed 02/03/2016

Ethereum

Bitcoin, Blockchain, Regulation & Government

Blockchain

Bitcoin

AltCoins

Technology

Palaeontology

Tue 01/03/2016

Ethereum

Bitcoin, Blockchain, Regulation & Government

Blockchain

Bitcoin

CryptoExchange

Technology

Security & Privacy

Health

Palaeontology

  • Australian Palaeo Down Under 2 [pdu2.org] conference in Adelaide on 11-15/06/2016. There will be field excursions to visit the Flinders Range to the north of Adelaide, and to visit the Emu Bay Shale [wikipedia.org] site (with soft tissue preservation) on Kangaroo Island south of Adelaide, but these have been booked out. There is also a post-conference expedition to Cretaceous (marine reptiles, invertebrates), Pleistocene (megafauna), and late Oligocene-early Miocene, Pliocene & Pleistocene site of the Lake Eyre Basin [samuseum.sa.gov.au], plus a visit to Brachina Gorge in the Flinders Ranges. Nice.
  • Scientists discover major Jurassic fossil site in Argentina [phys.org]
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