Recovery – Trustnodes

Recovery

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After screaming like little girls for months now, sweating in panic, selling bottoms and fomoing tops, ethereans decided to not play any more earlier today.

Bored of these price falls, fictitiously one of them said. I don’t check the price anymore, added another. You can’t see your losses if you don’t check your portfolio, wisely added a third.

A British one fictitiously said he was going to check and see what his garden was doing, after sipping some tea. The sun apparently has risen in London. Some are saying it feels like spring.

So this down down is sounding like a broken tape the imaginary etherean said, Ima no care anymore and do this #outside everyone talks about. Good… luck.

This is tablechat if you have not figured out from the featured image. Where we edgingly get burned sometimes and some other times we get that dopamine reward.

Because defamation laws do not apply here (yeah right). No virtue signaling (sure). And silliness can reign after we cleared the stiff upper lips with OMG what is that stupid opening.

“Occasionally technologies emerge with just the right mix of vision and potential to produce a “perfect storm.” These represent watershed moments that have the ability to shake-up markets, solve real-world challenges and create value that extends beyond the bottom line.

Blockchain is such a technology, carrying the potential to actualize synergies between stakeholders, generate sustainable business value, and enable enterprises to easily expand operations into emerging markets.”

The blockchain is evolving. It now makes more sense to see it as a commons protocol that allows for ways to communicate with each other under indisputable rules.

The shipping industry has seemingly figured it out first, announcing today 12 tests that successfully reduced costs and increased efficiency. The court system will hopefully one day too, as will insurance, plus much else.

The blockchain is transformative, a shipping captain of industry said. That means implementation will be either gradual – where there are already digitized systems in place – or somewhat instant, like potentially in the shipping industry which remains still very much paper based.

“Central bankers focus more on the rise of private crypto-currencies, warning that they are speculative gambles. Expect more such admonitions in Buenos Aires—and no rush to mint CBDCs.”

Ah, that tower of the industrial revolution, with their mustaches, smoke filled rooms, championing the factory chimneys. It’s the economist, betraying their failure to adapt, oblivious to the music of history.

Nostalgic instead of times long passed, and hodling on for dear life to a reality they know so fine, even though the only certainty in life is not taxes nor death, but the song of change.

We have been neglecting press releases for some time and if you’re a noob, we haven’t verified any of what follows, it’s just what we’re told but from entities where there is some at least minimum level of trust.

“Today, the Dash Core Group, which leads development of the cryptocurrency Dash, has filed a provisional patent relating to its new, decentralized payments platform Evolution slated to launch later this year.

The patent, which deals with the registration and storage of metadata relating to blockchain-based user accounts on the Evolution platform, is being filed for defensive purposes and will be freely licensed to the public based on terms and conditions similar to Tesla’s “Good Faith” clause with its own patents.”

Terms and conditions, good faith, defensive. It all reminds us of Google’s “don’t be evil,” and we know how that’s going.

Words, platitudes, in other words, but, there is a big problem with patents, and now that this space is heading mainstream big corps with their army of lawyers are trying to throw anything to the wall to see what sticks.

Moreover, the patent office isn’t know to be the brightest cookie, which is why the Onion has not written a “Bank of America patents 2+2” yet, because they’re probably expecting a real headline of the kind.

What on earth is this? They have a bitcoin city in Slovenia? How did we… why did we not know of this?

“Today, we published an announcement regarding first of many of Eligma’s features – EliPay, which is to be launched mid-April in the first Bitcoin City in the world – BTC City Ljubljana. As Dejan Roljič, the Founder and CEO of Eligma said:

‘We are lucky in partnering with BTC d.d., a company which runs an esteemed Slovenian retail, logistics, business, and entertainment center called BTC City Ljubljana, with over 60 years of tradition.

Its area, which spreads over 475,000 square meters, annually attracts more than 21 million visitors. With its unique ecosystem and more than 450 stores, BTC CITY hosts more than 4,000 business partners; they are an ideal testing lab, where we plan on testing EliPay and launching the first version of Eligma by the end of 2018.'”

This seems to be just an app from our two seconds overview of it, but they have a pretty nice video, and this news gives a bit of context regarding that bitcoin statue. Which suggests Slovenia seems to be a bit underestimated in this space, perhaps.

“New research from the National Institute on Retirement Security shows that 66% of people between the ages of 21 and 32 have nothing saved for retirement, with the Millennial generation appearing to feel disenfranchised and left out of retirement planning.

According to a survey from Auctus, 6% of respondents said they would consider using cryptocurrencies as an investment option for their retirement plan, while 14% said they were unsure – but interested.

Raphael Vantroost, CEO of Auctus, a smart contract-powered retirement planning platform that combines traditional and cryptocurrency assets, commented:

‘Many millenials have only consumed so far and cryptocurrencies are perhaps the first time they are allocating funds to saving/investments, rather than consumption.’

Auctus is positioned to target those tech-savvy millennials. Not by providing a retirement fund, but by providing a technology platform that allows people to run analytics and projections on portfolios consisting of bonds, stocks and crypto assets. The platform is focused on voluntary saving, in addition to the already existing government regulated retirement system.”

That’s a nice point, cryptos are making investment cool, getting millennials off consumption and into savings. Then the left hates us for some reason. Isn’t that what they want?

Ah, we have some commentary from Cryptograffiti on the John Oliver piece about cryptocurrencies:

The piece did a good job at summarizing some of the growing pains we’re experiencing as crypto goes mainstream.  But I’d encourage viewers to remember that the roots of this nearly decade old movement are not in exotic Italian sports cars.

A lot of media attention as of late has been devoted to a flashy “bro culture” that I think would surface in most industries undergoing a period of swift monetary gain.

Crypto will have “bros.” But It also has librarians and artists and chefs and a huge community of people that are in the space to make the world better.”

Pfff librarians. Read it twice, three times to see if it meant libertarians. Nope, librarians. As in, boring? tststs

“Co-founder of Juxtapoz Magazine, Jamie OShea, and previous retail innovation lead for Target, John Wantz, launch blockchain retail app Shop.

The U.S securities legal expert, Paul Swegle, will serve as General Counsel. SHOP recently announced the acquisition of Kanga, FoxCommerce, and Comrse at the premiere tech conference, SXSW. In a rare market move, the acquisitions were made with SHOP’s own token.”

Yeah, cash is boring, shop sounds like a better name for it. Just to be clear we’re not endorsing any projects, we’re just copy pasting mainly because honestly we have no clue what shop is. They told us, we tell you, simples.

Now we do want to cover this one because we’re accused of being biased against LN and that sort of stuff. We’re not biased, we don’t care, we just speak truth. LN has plenty of good uses, but plenty of weaknesses too. It now also has its first shop launched recently:

“Block and Jerry’s, an e-commerce platform offering ice cream purchase and delivery via Bitcoin payments over the Lighting Network, is scheduled to launch March 7. Deliveries will be made within the city of San Francisco and orders can be placed on the Block and Jerry’s website. Deliveries will continue into the rest of March, but only while supplies last.

Block and Jerry’s will be the first commercial application of Lightning Network technology, a second layer technology built on top of the Bitcoin network, offering fast and cheap transactions with near-instant confirmation.

Most of today’s consumer-facing Bitcoin development is focused on hypothetical testnet applications or simple website payment plugins.

While these projects demonstrate the power and ease of the Lightning Network, testers are often left with questions such as “will this work in real life?” and “will anyone actually use this?” Block and Jerry’s seeks to answer these questions and make the Lightning Network relevant to the masses…

The engineers behind this project? Who else but two broke college students.

Block and Jerry’s was founded by Rob Durst and Jeff Tang, two young entrepreneurs on a gap year in San Francisco, experiencing the cryptocurrency movement first hand. They met six months ago at the Horizons School of Technology, a fullstack engineering bootcamp located in SoMa. A few hackathons later, they are now splitting rent with a few other Horizonites, sleeping in closets and living room couches at an AirBnb in Hayes Valley, hacking into the wee hours of the night.

‘While delivering ice cream seems small, it starts here. Before you know it everything we buy with cash and credit cards, from ice cream to our taxes, will be bought with cryptocurrencies. This is historic. We’ll be able to tell our grandchildren about this,’ says Jeff Tang.”

How cute. Kids in their gap year coding stuff and selling ice cream. The dreams we dream.

 

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