The cost of blockchain

Incentive economics; crypto security; IRS counter-move; Hyperledger growing (again); BTC price on the move View this email in your browser December 29th, 2016 "Arriving at one goal is the starting point to another." – John Dewey Got this from a friend? SUBSCRIBE HERE Wayne Vaughn, CEO of Tierion, points out that, while we may be dazzled by the benefits of blockchain technology, we can't lose sight of the economics.   How much does it cost? Who pays for it? How does it sustain itself?   He talks us through three of the main blockchains – bitcoin, ethereum and Hyperledger – and shows how they are (or will become) self-sustainable. He also advises those investing in a blockchain to consider whether it will be around years from now. Without a stable ecosystem (which needs its incentives), he believes it probably won't be. (You can see more of our 2016 in Review series HERE.)   Read more Tweet Share IPFS wants to build a new internet.   We're excited to announce that Juan Benet, founder of IPFS, will join us at CONSTRUCT to give insight into the protocol's strategy for improving on HTTP, updates and more. Join us for two days of exclusive panels and workshops, as well as the chance to meet and talk with blockchain technology influencers. Want to come? 😎 APPLY TO ATTEND 😎 Wait, there's more: Crypto Security in 2016: A Tale of Two Weaknesses *Year in Review*: Bill Shihara, CEO of Bittrex, walks us through the major blockchain security breaches in 2016. He compares the attacks on centralized services (Shapeshift, Bitfinex, Gatecoin, The DAO) to those on individuals, and recommends that we all pay attention to trends and protect our accounts with sensible measures. He looks forward to seeing improved privacy technology in 2017. Read more. IRS Asks Court to Reject Protest Filing From Coinbase Customer The case of the summons presented to Coinbase in November by the US Internal Revenue Service (IRS) takes a new turn. The IRS has asked that the filing submitted by a Coinbase client, alleging (among other things) that the summons was too broad, be dismissed. They claim that the summons is only for unidentified clients, and as such, the client in question is no longer included. Read more. Hyperledger Adds 8 More Members to End 2016 The additions highlight the increasing diversity of Hyperledger's members, as they include a Swiss telecommunications enterprise, a digital asset exchange, a healthcare technology provider, and a Korean blockchain services company. In less than a year, Hyperledger has grown from 0 to over 100 members. Read more. Will We See a $1,000 Bitcoin in 2016? Analysts Suggest Yes CoinDesk spoke to several bitcoin traders and analysts, who agree that the BTC price is likely to reach $1,000 by year end. If this happens, it will be the first time the price has reached that level since January 2014, and could (according to the experts) generate even greater visibility and price support. Read more.   Go to CoinDesk BTC: $966.74 -0.1%  ETH: $8.24 +16.2% @10:00 EST - More price details PRESS RELEASES   28, Dec - Press Release: P2P Exchange Just Got Better with new player Remitano 22, Dec - Press Release: Avanquest Software Launches AQ Rewards App Powered by Blockchain Technology 21, Dec - Press Release: The Bitcoin Store Launches Not long to go until the end of the year!! I hope that you're full of energy for what's coming. We are. To lend us a hand, would you mind letting us know how we're doing? Just hit "Reply" and drop us a line! Share Tweet Copyright © 2016 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list