Monday 27th January

BITCOIN

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1 Bitcoin = $760

 

The Calm Before the Storm

When the price has stayed in a very tight range, percentage wise, it can boom. Recently, we’ve had another period of stability and calm with the price of Bitcoin.

I think that might be the calm before the storm of the next big run-up in price due to additional adoption. I’m sure PayPal, Western Union, and Bank of America are watching closely. Whether or not [smaller exchanges] stay depends on what other companies, traditional banks and PayPal do. If PayPal wants to come and be the 300-pound gorilla on the block, they can do that at any point. – Roger Ver

 

Volatility Index

Bitcoin Volatility (30-day historical) http://www.coinometrics.com/bitcoin/bvixJon Matonis

 

Venture Capital’s Dichotomy

When angels and venture capitalists invest in bitcoin-related business models, they are investing in a survivable protocol – a protocol that will survive political institutions. Herein lies the dichotomy: how can VCs knowingly invest in a protocol that survives political institutions when it is those same political institutions that allow them to capitalise on their investments?

It is naive to think that governments believe so much in competitive currencies that they would encourage and accept a digital monetary unit without a central issuer. Some smaller governments may believe in that, but only as a way to use it against certain other governments that currently have dominant monetary units.

What’s more likely is bitcoin growth in the developed world constrained by regulatory endpoints, legislative taxing powers, and bans on merchants, but only up to a certain maximum market cap for bitcoin. Sure, we’ll let it grow but not too much. So what is that magical permissible level of adoption where going beyond that point jeopardizes central banking and monetary policy? Is it a $100 billion, $500 billion, $1 trillion market capitalization for bitcoin?

No one really knows, least of all the governments. A $1 trillion bitcoin economy may not be suppressible, but it definitely becomes a less friendly environment with respect to established political institutions.

The only plausible outcome may be jurisdictional competition. After World War II, wealth flowed to the US dollar as the world’s reserve currency. Now, real wealth flows from the West to the East in the form of gold bullion and claims to natural resources. In the cryptocurrency future, wealth will flow to the regions that facilitate and exploit bitcoin’s massive potential for unleashing true economic growth. – Jon Matonis

 

ALT-COINS

Ethereum

Want to see the future? How code is going to build a new civilization that bypasses the nation state? Watch this:.. – Jeffrey Tucker

The most innovative block-chain based cryptocurrency since Bitcoin itself, and the only one that I would bother acquiring units of –  Chris Odom, Open Transactions

I am studying ehtereum, have been for more than a month now and having discussions about it. After all, I believe in multi-crypto-coin world. People asking my opinion on ethereum. It’s too soon for me to form one, but I like coins with a purpose, a clear distinction and it has both. I look for several things in an alt-coin. A distinguishing and significant feature, transaction volume, mining and dev team strength. From a technical perspective, I’m fascinated by the byte-code-like turing-complete Tx script in ethereum. You can write compilers – Andreas Antonopoulos

 

Dogecoin

Dogecoin $64mill market cap. Madness. http://coinmarketcap.com Lee Banfield

Bitcoin and Litecoin Top Sources of WikiLeaks Donations. A lot of people want to see #WikiLeaks accept #Dogecoin donations https://twitter.com/search?q=wikileaks%20dogecoin

Wikileaks

 

COMPANIES

– We are working in the payments team to figure out how to incorporate bitcoin into our plans – Google Senior VP of Ads and Commerce Sridhar Ramaswamy

– Ebay is now considering allowing customers to use bitcoin for payment for both eBay and PayPal, sources inside the company told CNBC. – Mark Berniker

– Should @Airbnb accept Bitcoin? – Brian Chesky, Founder & CEO of Airbnb

– Bitcoin will become “industry-wide” in porn in “45 to 60 days,” Naughty America founder says. – Pete Rizzo

 

EQUITIES

Is Vietnam the next big thing in Southeast Asia

For listed equities (VNINDEX) this is probably the cheapest market in the region, and it’s a market that’s coming out of a 7 year correction that knocked 50% off it’s index. Meanwhile its currency fell by 1/3rd, so it’s a deep value market.

There’s very favorable things going on in the economy right now, accelerating economic growth, strong exports, strong FDI, so it looks very favorable for the next few years.

For dividends, it’s a high yielding market. If you look below the blue chips, there’re several hundred unfollowed small cap companies that are trading at really low valuations of 6 or 7* P/E and at book value or less. These also have very good yields. – Doug Clayton, Leopard Capital

 

Vietnam and Iraq Equities

Enthusiasm about the U.S. market reminds me of the talk I heard nine months ago in Indonesia and Thailand. Subsequently, those markets fell 35%. While it is too late to buy the U.S., it is too early to buy the emerging markets. They aren’t incredibly cheap, except for Vietnam and Iraq, and capital could still flow out. – Marc Faber

 

PRIVACY

Maybe the Most Orwellian Text Message a Government’s Ever Sent

“Dear subscriber, you are registered as a participant in a mass disturbance.”

That’s a text message that thousands of Ukrainian protesters spontaneously received on their cell phones today, as a new law prohibiting public demonstrations went into effect.

It’s further reminder that authoritarian regimes are exploiting the very technology once celebrated as a vehicle for liberation; last year, in Turkey, you’ll recall, the state rounded up dissident Twitter users. Now, Ukraine is tracing the phone signal directly. – Brian Merchant

 

Bitcoin

When I’m in DC and I’m speaking with law enforcement, behind closed doors many of them are now saying to me “we’d rather see criminals use bitcoin than cash”.

That’s a very powerful statement, because at least they have the chance of tracing bitcoin through the entire network. If you want to get on or off this bitcoin highway you are going to have to reveal the identity of the wallet. If that becomes the prevailing thought, I think you’re going to see a lot more governmental support around the world. – Barry Silbert, Bitcoin Investment Trust

 

THE SINGULARITY

This is an amazing project! It doesn’t get cooler than this: http://www.rockethub.com/34210  – check it out… students landing on the moon. – Peter Diamandis, Co-founder of Singularity University

 

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