Farming Blockchains, Banks Trade, Supreme Court and Estonian Trusted ICOs, Plus More on News of News – Trustnodes

Farming Blockchains, Banks Trade, Supreme Court and Estonian Trusted ICOs, Plus More on News of News


It’s world cup summer, and the streets of England have gone asunder as quiet roads get split apart by occasional shouts of gooooaaaallll.

Thick anticipation mixed with confidence, naysayers singing ‘not gone happen, not gone happen,’ dreamers hoping, the world on edge with wonder: can it really, can… might they be right?

It has been long since a heatwave in London is coupled with optimistic confidence. The troubles that were almost feel like to history they have been sent. The future now the focus, and the dreams of world peace again.

To Africa we go by the will of mighty BBC. “The trick that turned seven bags of cocoa into 25,” they tell the world. Would you like to know more?

You can’t unfortunately because they say nothing except some farmer somewhere apparently is using blockchain tech and that apparently is allowing them to plant more cocoa.

That’s what Brits pay their TV License for. £12 a month, every single household, all for the privilege of seeing the BBC try tabloid. Ma Michael Trustnodes.

A bank has paid another bank using blockchain technology. Bitcoin has been doing that since, you know, ancient times. Even eth. Parm Sangha, GBS Blockchain Leader at IBM, says:

“To convene a large network of regulated banks and demonstrate how blockchain technology can help them gain efficiencies and provide greater transparency in live transactions is a disruptive model that has the potential to reshape the future of global trade finance.”

Yes, disruption. Here is one. SolarisBank is a cryptonian of sorts, or so they claim anyway. Fintechy, they have a banking license, decent jurisdiction in Germany, and apparently now they’re launching a blockchain factory. There, presumably, they turn cotton into t-shirts. Who knows.

Perhaps, however, they can come to the aid of the Indians. The Supreme Court there has refused temporary relief until the matter of an effective crypto ban is decided.

Such refusal is very uncharacteristic, if our subjective opinion is to generalize, for in effect they are pre-empting themselves in not maintaining the status quo until they pass a decision either way which is not even that far away, July 20th 2018.

That probably means that what we can now assume is a Supreme Court that doesn’t follow best practices in procedure, has probably already made up their mind.

Judicial independence is fiercely guarded in free lands like London, and for extremely good reasons. Yet if there was an opportunity for India to persuade us and the entire world the same applies there, it clearly appears they have missed such opportunity.

It is incomprehensible how the Central Bank’s order, which effectively bans crypto-exchanges, was not stayed when there is a Supreme Court hearing on the matter just days after the order comes into effect.

We say incomprehensible, we can easily comprehend it for corruption is not just a word on some paper, but let’s go to happier lands for trust nodes function even if some of them go down.

Estonia. There is a book, which probably no one remembers the title, that says the Mayans complicated their own mathematics, which they mostly discovered on their own, to the point that while plenty saw how it can be simplified, no one really thought the effort was possible. Then the europeans came.

A boiling frog thing, or fish don’t know they’re swimming in water, or we’ve become so accustomed to the success of the European Union that we fail to appreciate what the project has done for hundreds of millions of citizens.

In many ways it is awe inspiring how what once were backwards nations are now rich, confident, and at the forefront in some ways. Slovenia is one, Estonia another. In contrast, if you take America for example, what have they really done for their neighbors?

Altruism, they tell us in evolutionary psychology, is not really altruism. It is deferred greed. Estonia was helped, yet now it leads in some ways. They say:

“The team behind e-Residency, which is backed by the Estonian government, has been hard at work looking for opportunities to ensure the legitimacy of cryptocurrencies and ICOs (initial coin offerings), which have had their fair share of scammers exploiting them.

The head of public relations at e-Residency, Arnaud Castaignet tells us that they know people in the administration who are working to make Estonia a very crypto-friendly jurisdiction for trusted ICOs.”

They have some competition from Britain, which still hopes to rule at least the crypto digital waves. And though we much criticize SEC’s America for we love the thing and we want it to be better, the land of the free is free for a reason.

If they were to easily succumb to some bureaucrats, the queen would still rule that land. And just how much they care you might ask the Chinese citizens, as India itself might soon find out.

We shall be lucky it is the witty Brits (and their derived) truly waving the crypto flag, for their checkmates history documents. And when have the Brits ever been wrong?

Like Marco Polo’s paper money, like Galileo’s e puo si muove, like the Magna Carta, like the printing press in Gutenberg, the will to betterment marches on.

And at least, as long as the millennials live, perhaps a window opens as an era ends.



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