🇨🇳 KYChina In light of recent Chinese users publishing censored news stories on the Ethereum blockchain, the Cyberspace Administration of China will now require users to register their real names before they can use blockchain-based services.
For a complete listof today's trending articles, head on over here.
READS OF THE DAY
📖Law vs. Technology B-money creator Wei Dai distills what cypherpunks agree on.
📖A storm is brewing over the largest bitcoin exchange Hasu explores the biggest concerns around BitMEX.
THOUGHT OF THE DAY
Opinions and observations from our readers. Have a thought you'd like to share? Reply directly to today's issue, and we'll review your submission.
"Decentralization isn’t a “bad” word — it’s just a marketing phrase. The ultimate goal of most of these networks is to reach some degree of decentralization, but to call something “decentralized” is a bit misleading. Being centralized isn’t a bad thing either, especially if the application is capturing plenty of legitimate value. Think of all the ICOs that have solicited millions of investor dollars with the promise of something they’ll never achieve in an absolute context. There are plenty of characteristics that it can bank on, but instead, it decides to use the phrase in an effort to win over retail investors.
As I’ll cover later, tokens are on the lower end of the totem pole of “decentralization,” and hopefully by the end of this, you’ll think twice about using the word as well. Let’s break down “decentralization” and see what this spectrum is really about. "
For Rocco's full post on the problem with "decentralization" as a marketing buzzword, and how networks can continually increase censorship resistance, head over here.
LAUNCHES & UPDATES
🚀 OpenZeppelin 2.0 2 years and 300k downloads later, OpenZeppelin just released v2.0.
THING TO KNOW
A measure of inequality of a distribution. A Gini coefficient of 0 corresponds to precise equality whereas a Gini coefficient of 1 corresponds to a state of total inequality.