September 4, 2017

Etherium News and Links (spelled wrong for the Google)

The supposed “China ban on ICOs” was the big news of the week. Here’s the primary document. I don’t speak Mandarin, so I’ll note that there’s plenty of disagreement in the West about what exactly was said and more importantly what was meant – because predictive power is always the most important thing. It does seem like the exchanges and “ICO platforms” feel like they’ve been prohibited from listing tokens.

An “ICO” no one had heard of refunded the $40k it had collected because it said SEC Enforcement contacted them. Of course it got wide press coverage, though we never did get confirmation on whether the SEC had talked to them.

I sent the first daily Ethereum newsletter last week. Immediately, Mailchimp banned that account and wouldn’t send it. So subscribe to the daily newsletter here, I’ll move to a different email sender this week that actually sends it.







Protocol

Vitalik Buterin twitter thread on conservatism as a design principle







Stuff for developers





Ecosystem





Project Announcements

RenderToken - OTOY is “looking to raise $134 million dollars” for distributed GPU rendering. White paper

EzEther - a local bitcoins type service for ether out of India. Video demo

Bloom: credit scores using Ethereum/IPFS. White paper





Project Updates





Stuff using 0x (and not)





Interviews and Talks





Token Sale Projects





Token Valuations and the efficiency of crypto markets

Buried in the middle of Augur’s latest weekly update: “Micah gave a nice overview of the new REP fee structure on Reddit.” There’s a bit more elaboration on StackExchange

tl;dr: Augur has made a big change to its fee reporting schedule, which means they’ve made a big change to REP valuation.



REP’s previous trading level implied a certain level of throughput. If you believe that the new model works as Augur believes, then REP is massively undervalued compared to its previous valuation paradigm.



FunFair also buried the lede* in large update: they will burn many of the existing tokens they had planned for a second sale and sell “a much smaller number” on an Asian tour. Given that almost 70% of total supply had been reserved for a second sale, this is a huge factor. (* spelled correctly for you non-journalists)

Standard setting transparency with regard to cash management, legal structures, and hiring. Kudos to FunFair



To me, these are both pretty big announcements that should affect token valuations, yet they haven’t. It’s an excellent reminder that crypto asset markets are not yet efficient markets. (full disclosure: I own both REP and FUN but did not trade within a week in advance of this publication and pledge not to within the next 24 hours upon sending)

General





Dates of note

From Token Sale Calendar:

Upcoming token sale start dates:

Ongoing token sales:

Want to be included? If you are building your project on Ethereum, email weekinethereum @ gmail [period] com with 1) your URL, 2) sale date and 3) a brief but convincing description of how you are using Ethereum, preferably with a link to your Github repo. Listings are free. But please make sure to follow those instructions. If you don’t follow the instructions, you likely won’t get a response.

WARNING: list may include or even likely includes scams. Do your own research and due diligence before putting value at risk.

[I aim for a relatively comprehensive list of Ethereum sales, but make no warranty as to even whether they are legit; as such, I thus likewise warrant nothing about whether any will produce a satisfactory return. I have passed the CFA exams, but this is not investment advice. If you’re interested in what I do, you can find my somewhat out-of-date investing thesis and token sale appreciation strategies in previous newsletters.]

Every week I still get emails saying, “you joined ConsenSys?” So this section stays.

If you emailed my Ticketleap email address in the last 25 days or so, then I likely didn’t get it. If you were waiting on a response from an email you sent there, I suggest you re-send to weekinethereum @ gmail [period] com.

I’ve joined ConsenSys. Here’s a logo to draw your eye in case you were going to skip over this section:

My charge from Joe Lubin is pretty similar to what Status has told me: keep telling the truth and covering the space as objectively as I can.

Permalink

I measure the success of each issue by how much it gets upvoted and shared. This is the link: http://www.weekinethereum.com/post/165040646433/september-4-2017







Follow me on Twitter? @evan_van_ness

This newsletter is supported by Status.im and ConsenSys (have you seen that we’re hiring?). But in case you still want to send Ether or tokens: 0x96d4F0E75ae86e4c46cD8e9D4AE2F2309bD6Ec45





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