The Seven Sins of the DAO
A new revelation about the DAO has come in from the publication Hacking, Distributed written by researchers and cryptographers Dino Mark, Vlad Zamfir, and Emin Gün Sirer. The three have written a 13-page paper describing potential attacks to the DAO ecosystem called “A Call for a Temporary Moratorium on The DAO.” So far the DAO has raised 12.07 million Ether equivalent to $132.32 million USD at the time of writing. The DAO pre-sale is officially closed. The project has so far been the largest crowdfund to date and holds roughly 14% of the Ether in existence. The researchers from Hacking,....
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Our London Correspondent Nick Ayton, aka the ‘Sage of Shoreditch’, reports on the altcoins that replace ski passes and redeem sins, recent ICOs, Joe Lubin’s creating a multi-billion Blockchain empire and Satoshi spotted at a rugby game. Redeem your sins. Parishioner Fred Unwin always has a large smile on his face. He attends church when he can but this time I met him on his way to the pub. Cointelegraph: You seem very happy with life Fred. What’s going on? Fred Unwin: Yes indeed. I have just purchased another £5000 of GodCoins that moves me closer to heaven. Even though this year I was on....
4Love is patient, love is kind. It does not envy, it does not boast, it is not proud.5It does not dishonor others, it is not self-seeking, it is not easily angered, it keeps no record of wrongs.6Love does not delight in evilbut rejoices with the truth.7It always protects, always trusts, always hopes, and always perseveres.8Love never fails. -1 Cor 13. It has been said that the love of money is the root of all evil. Greed can easily top the list of the deadly sins for its impact on the world, but money, at least some types of money, might also be able to teach us something about love.....
Welcome to the CoinDesk Weekly Review 13th 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. Your host ... John Law. Breaking China. China stamps hard on bitcoin, and the price crashes: what excellent news for investors. John Law should explain: he's not shorting bitcoin, and he does feel the pain of anyone who's got substantial holdings. But in terms of the long-term prospects of cryptocurrencies - and those who are investing time and money on the expectation that the....
The defunct firm is not the first to run aground due to failure to abide by U.S. securities laws. The Securities and Exchange Commission sinks the firm behind another initial coin offering.Per a Dec. 21 cease and desist order, the SEC has determined that ShipChain's ICO for its SHIP Tokens was another example of an unregistered securities offering in disguise.Registered ShipChain raised $27.6 million from the end of 2017 through the beginning of 2018, at the high tide of the ICO craze. Registering in Delaware at the end of November 2017, the firm promised to enhance transportation and....
If there is one thing that current blockchains lack, it is entertainment ecosystems. The entertainment industry, valued at $2.2 trillion, has the largest combined audience of any sector. And bringing that on the blockchain can open up tremendous opportunities and benefits for the masses. CUBE is one such project bringing entertainment to the blockchain through its P2E metaverse setting. It is a game Launcher for P2E games developed by Netmarble F&C, Inc. Netmarble is the company behind popular titles including “The Seven Deadly Sins: Grand Cross” and “Blade & Soul:....