Technological credit default swaps and smart contract blockchains

Abridged Version of a piece written earlier this year:   What is it that we look to in technology? Technology at its core about solving problems, finding new problems and creating better problems. One can hone or refine a solution, learn or explore new problems (and solutions) and then create or synthesize new solutions (and new problems). At times it performs the role of scarcity transformation (much as a bank does maturity transformation); china has traded “free” clean air for cheap production, rare earths prices are more extraction…
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IBM and Bank of Tokyo-Mitsubishi UFJ inks deal for Blockchain Contract Management

Following some of the other japan advances, such as an internal bank coin, in Singapore at the Watson centre: SINGAPORE - 16 Sep 2016: IBM (NYSE: IBM) today announced it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts among business partners using blockchain technologies. The two companies will begin by piloting blockchain to automate business transactions between the two companies. This is one of the first projects built on the Hyperledger Project fabric, an open-source blockchain…
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Zerohedge, NY Post follows trail of Deutsche-Monte Paschi Banker “Suicides”

NY Post's Video As a reminder, earlier this month, the recently troubled Deutsche Bank was itself charged by Italy for market manipulation and creating false accounts. Additionally, the name Faissole emerged once again, when as Bloomberg reported, six current and former managers of Deutsche Bank, including Michele Faissola, Michele Foresti and Ivor Dunbar, were charged in Milan for colluding to falsify the accounts of Italy’s third-biggest bank, Monte Paschi and manipulate the market. Here is where things get interesting. Michele Faissola was a coworker of one William S.…
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Hearthstone makes $20m per month, Dota 2 $18m, LoL $123m

According to superdataresearch, Hearthstone makes $20m per month, Dota 2 $18m, LoL $123m, with World of Warcraft still retaining its spot as the MMO to beat. And that hearthstone jumped 31% off its mobile debut in monthly revenue. With the grand tournament coming out, I guess they will only make more!     Hearthstone: Heroes of WarCraft managed to disrupt the category in the same way World of WarCraft transformed massively-multiplayer online games (MMOs). Blizzard’s first digital card game has deep mechanics, but it is more accessible and streamlined than long-running…
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Greece moves without cash, Entrepreneurs contemplate bitcoin

Mashable has an article on Greece, Money and Bitcoin, a place that harkens comparison to Cyprus two years past and brings to people's mind serious issues on the nature and characteristics of money. Much like Cyprus then, it has less to do with Cypriots themselves actually engaging in bitcoin activity but more of people around the world being alarmed at the turn of events and looking for ways to protect themselves. (Often Gold and Bitcoins) Greece is in a sense a closer problem to home for some in…
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Fred Wilson marvels at Bitcoin resilience

Fred Wilson has made a blog post () marveling at bitcoin's resilience and staying power. (He is a venture capitalist at Union Square ventures with notable hits;  Twitter, Tumblr, Foursquare, Bug Labs, Meetup, Zynga, Covestor, , Etsy: ) Resilience One of the things about Bitcoin that I’ve always been amazed by is its resilience. It goes up, it gets knocked down, but it hangs in there, and then it goes up again. It’s happening again now. It is unclear what is driving this recent move, maybe its Greece,…
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Epic Upheaval, China Collapse, Greek Referendum Exit nears, Bitcoin reflux and Litecoin goes on a bubble pop, Dogecoin rocks around

What a crazy week. First it started with Greek rumbling along with a successful Oxi! (No) referendum which sent bitcoin shooting up over the weekend, being the only overweekend market. China, with a correction long overdue, continued its slump to enter a digital bloodbath as the week opened, bringing their indexes like shanghai comp and hsi down 30%. China heaped defensive QE after defensive QE into capital controls, trading freezes and short bans, as the china market became a rout and people started fleeing. Also in china was…
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Hearthstone Hero Skins: Magni Bronzebeard $9.99

Blizzard seeks out new monetization method (Not a new class, nor deck slots, think LoL hero skins)   Heroes Emerge: New Hearthstone Heroes Are Coming! Zeriyah 6/4/2015 810 “Well, look who it is!” Some new faces have just shown up at the inn! Hearthstone®: Heroes of Warcraft is happy to welcome new Heroes as they pull up a chair at the game table! These new Heroes put a fresh face on the classes you know and love, and bring along some unique surprises of their own. Picture Perfect…
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NYT goes to Argentina’s Bitcoin Ground Zero

New York Times recently issued a piece covering bitcoin's unique place in Argentina, a country wracked by hyperinflation and capital controls as well as vultures wrangling over sovereign debts and defaults. They follow a "moneychanger" of bitcoin, through the times, the highs and the lows as well as venture funds tied to Argentina. You can see the use cases in a currency where fiat has come close to mere toilet paper, as well as the financial proximity to Venezuela where toilet paper has become indeed valuable. It starts…
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Litecoin: LLnSyo8rqbJng11b3whVUXSr6nWMtmT1zU
Bitcoin: 158MikZVM8yQviLcvxu1aahTysSxDUaePr
Dogecoin: DRCm4QFStzSKRsPMk6EE1VCJGE78BGZWnn