| 1. Ethereum KPCB's fund that looks at blockchains is bullish on Ethereum and smart contracts. (Roneil Rumburg, KPCB Edge)
2. High Finance Investment banking ain't what it used to be. Bankers now want to make their money in tech, with Blythe Masters leading the way. (Bloomberg Gadfly) 3. Price Almost hit $370 on the back of record exchange volumes. (CoinDesk on price, CoinDesk on volume)
4. Merchants The convenience-store giant FamilyMart is letting people buy everyday goods for bitcoin in Taiwan. The merchant game isn't dead yet. It may just be starting in markets used to dealing in virtual currencies, like east Asia. (CoinDesk) 5. Ponzis The SEC has thrown the book at Josh Garza of GAW for running a Ponzi scheme. (CoinDesk)
Blockchain Analogy of the Week
You know R3CEV as the startup that herded three dozen cats, building a consortium of the world's biggest banks to pow-wow about blockchain.
R3 boss David Rutter came up with this doozy of an analogy in a Banking Technology News interview:
"Our hope is that R3 will be to commercial-ledger solutions what Cisco is to routers, Intel is to chips and Microsoft is to software. What Microsoft is to software is probably the best analogy because we are going to be providing software solutions."
There you have it. R3 = Microsoft, ergo blockchain = Windows.
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Astounding blockchain analogies, comments and feedback? Just ping me at @joonian. | 
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