How can we scale bitcoin without giving anyone an aneurysm?

What you need to read this week.



This Week's Must Reads

Greetings,

Wow, what a week for bitcoin news. Price rally, a new Satoshi candidate and a potential solution for scaling bitcoin that won't cause aneurysms to anyone. Enjoy!

– Joon, CoinDesk Weekly Editor (@joonian)

1. Craig Wright

Is he? Isn't he? You've probably read the Wired and Gizmodo pieces. Here's a good Motherboard follow-up. (Motherboard)

2. Price

The price rallied to $420. (CoinDesk)

3. Kleiner Perkins

Kleiner's Edge fund is using its own blockchain and token for super early-stage 'scouting' of deals. (CoinDesk)

4. Silk Road

The man alleged to be 'Variety Jones', Ross Ulbricht's mentor and confidante, was arrested in Thailand. (Ars Technica, also Secret Service agent Shaun Bridges was sentenced)

5. Scaling Bitcoin

Pieter Wuille proposed a new way to scale bitcoin called 'segregated witness' at the Scaling Bitcoin event in Hong Kong. (CoinDesk)

Blockchain Analogy of the Week

Last month, Reuters banned the use of photographs submitted in the RAW file format. The storied news agency will only accept JPGs, in the interests of speed and to reduce the possibility of photographic manipulation.

The photographer and writer Lewis Bush had an interesting blockchain-related take on it. 

"This move by Reuters seems to me like a step in the wrong direction. Last week at a talk at the Photographer’s Gallery on networked images, discussion turned to the Blockchain technology which makes crypto-currencies like Bitcoin possible by making public and accessible information on all transactions and interactions. Imagine a world of journalistic open-ness where something similar occurred with images, where for every professional photograph there existed an accessible database of all the processes and uses that had taken place or involved it since the moment of its production."

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Astounding blockchain analogies, comments and feedback? Just ping me at @joonian.

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