🇮🇳 How a Bitcoin exchange is surviving a central bank crackdown in India. Exchange startup Unocoin is experimenting with stablecoins and setting up an ATM in a Bangalore mall where users can directly deposit rupees to their exchange accounts.
For a complete listof today's trending articles, head on over here.
READ OF THE DAY
📖An Introduction to Auction Theory: Blockchain Edition Jinglan Wang on the basics of auctions and how they apply to transaction fee markets.
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.
"As you’ve probably realized by now, we don’t actually own any of our stuff online—Twitter handles, Facebook friends lists, bank accounts, items in video games, event tickets—they’re constantly on-loan from the companies who control the servers that decide how we’re able to access the things we ostensibly own. And these companies taketh away that which they had just so easily giveth.
The use of public key cryptography—replacing username authentication and password authorization—and a coordinated network validating state changes—replacing the central server’s job—is a paradigm shift in how we interact with the digital realm. And that’s what ownership is, really; the right to change something. And now we can own digital things without a central entity allowing us to.
The big question, then, is what does having true digital ownership mean for a society? And, equally, what happens when a society discovers true digital scarcity? "
For Matt's full post on what having true digital ownership really means, hop on over here.
LAUNCHES & UPDATES
🚀 App Mining Accelerating the growth of the decentralized app ecosystem by rewarding those who are investing their time and talents into building dapps.
THING TO KNOW
A type of encumbrance that restricts the spending of an output until a specified piece of data is publicly revealed. Once any hashlock is opened publicly, any other hashlock secured using the same key can also be opened.