Well, it’s been another few contradictory days in crypto land….
The much maligned Bitcoin Foundation continues to take shots from within after it was revealed that the Foundation had attempted to release altered minutes. It wouldn’t be so laughable if one of Bitcoin’s main drawcards was transparency.
But in such a innovative industry it was inevitable that another entity would step up to the plate and attempt to represent the community in some way. Now, MIT has offered to set up a Bitcoin Standards Center. It’s the view of MIT Media Lab director Joi Ito that financial interests became involved in Bitcoin before standards were cemented.
Coupled with this, the price has sunk back down after a small rally to $250. TwoBitIdiot takes issue with those who say this is evidence of stabilisation, tweeting
But, despite this ongoing (and probably necessary) drama, the ecosystem continues to attract top talent. Rusty Russell, a Linux kerner hacker has joined the bitcoin dev club that is Blockstream.
LinkedIn founder Reid Hoffman is also a big fan, and has been for a while now. Entrepreneur magazine details the reasons why he invested in Bitcoin.
Big ecommerce players are either coming on board, like PayPal merchants, or services are adapting Bitcoin to their markets, like OneBit app that enables bitcoin payment whereever Mastercard is accepted. OneBit has followed in the footsteps of Latin America’s AdvancedCash.
There’s also a call for whole industries to adopt Bitcoin, with The Coming Poker Revolution pushing the case for wide adoption in the face of recent crippling regulation.
Interestingly, there’s also been a discernible increase in positivity in one sector of crypto, and that’s the Alt Market. Twitter has recently been abuzz with renewed ‘moon times are back’ calls in a number of Alts. Lets hope it precedes the return of the Bitcoin Bull.