The Bitcoin world was surprised when last week, 0.16.3 was released to the public and everyone was urged to upgrade as soon as possible. The ostensible reason was that there was a Denial of Service (DoS) vector found in 0.14-0.16.2 that needed patching. Later on, we found out that there was the possibility of inflation due to the same bug in 0.15-0.16.2.
In this article, I seek to clarify what happened, what the danger was, how it was exploitable and what could have happened.
When it comes to developers, transactions, and DApps, no other platform compares to Ethereum. Of the top 100 tokens by market capitalization, 94 % were built on Ethereum – $13 billion in capital was generated through Ethereum in this way.
Over the last few days, I’ve become increasingly concerned by the distribution and characteristics of the Top 21 EOS Block Producers (BPs). So many excellent BPs which, by almost all accounts, add tremendous value to the EOS community are currently being squeezed outside of the Top 21. At the same time, BPs that lack basic governance disclosures, have added less in terms of value-add tools for the community, or who have only formally announced their candidacy within the last two weeks, are experiencing incredible voting support and have a place among the Top 21.
What is going on? It’s a little concerning, isn’t it?
As of today, three stablecoin mechanism designs have been invented. To most people, none of the three stablecoin mechanism designs is good. However, regardless of many flaws, Basis Protocol (previously Basecoin), one stablecoin, has attracted $133 million from a list of big-name VCs: Lightspeed Venture, Google Ventures, Bain Capital Ventures, and Andreessen Horowitz
In this article, I am not going to repeat much about the stablecoin 101. Instead, I will primarily focus on analyzing the non-collateralized/growth-backed type stablecoins using Basis Protocol as an example.
Nouriel Roubini earned the title of Dr. Doom when he correctly predicted the 2008 global financial crisis and became the perennial bear. More recently he made news cryptobrawling with VoIP pioneer Alex Mashinsky at the Milken Institute on the future of money. He has a strong following with nearly half a million Twitter followers, but last week the NYU Professor walked right into a den of HODLers as he spoke skeptically about cryptocurrency and the blockchain at Cointelegraph’s BlockShow Americas.