California dreaming: The CoinDesk Weekly Review
Do you know the way to San Jose? John Law does, having spent some time there in the '90s, and can report that -- apart from the song and the deeply strange Rosicrucians -- there's little to recommend the place. Milton Keynes with palm trees. Yet it's that strange mixture of the tediously prosaic and unnervingly weird that makes it the ideal place for a Bitcoin conference. And last weekend's Bitcoin 2013 did not disappoint, combining earnest discussions about taxation and regulation with vodka brand launches, rap singers and revolutionaries. And as San Jose is also the heart of Silicon....
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Welcome to the CoinDesk Weekly Review -- a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Is Canada trying to become the first hipster nation? Not only has it demonstrated its geek cred by putting the International Space Station on its new $5 note -- thumbing its nose at the old colonial master, which decided to show the UK's thrusting 21st century nature by putting Winston Churchill on its new fiver -- it's also come out with the first official taxation....
Welcome to the CoinDesk Weekly Review - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Digital currency has many mysteries. Who created bitcoin? How does an umpire use it to decide who goes into bat first? And if the whole idea is to remove transaction costs and expensive intermediaries, just like real cash, who's going to make any money? But it doesn't pay to be too skeptical at the beginning of a bright new age, especially when so many entrepreneurs are....
Welcome to the CoinDesk Weekly Review - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. The week kicked off with the news that bitcoin fever had created the world's most powerful computer. The rate at which the world's miners were converting computer cycles to coinage was some four to eight times faster than the finest supercomputers money can buy. And the rate is going up, with the massed ranks of laptops and servers being joined by an ever-increasing (when....
California's State Assembly has approved a bill calling for digital currency companies to be regulated in a similar way to banks. Formulated by Assemblyman Matt Dababneh, chairman of California's Banking and Finance Committee, bill AB-1326 was approved following a 55-22 vote in favour. Currently undergoing review by California's Senate - having already completed the first of three readings - if passed, the bill would require digital currency businesses to obtain an annually renewable license from the Department of Business Oversight (DBO), unless they are exempt from doing so by the....
Welcome to the CoinDesk Weekly Review 20th April 2014 - a regular look at the hottest, most thought-provoking and most controversial events in the world of digital currency through the eyes of scepticism and wonder. John Law takes his leave, but not before compressing the entire week's news. After practically a year perched somewhat unsteadily at CoinDesk's in-house bar - they like to keep it exclusive, but the absinthe cocktails are to die for - it's time for John Law to move on. This is the last of these weekly columns. So, let's get the week's news out of the way. What did we learn over....