by Florin Oprea
Ryan Browne – CNBC
Fan Bao, CEO of investment bank China Renaissance:
“Bitcoin is not as attractive as the distributed ledger technology that underpins it”
“I think we have to separate bitcoin from the blockchain”
“I think blockchain is very exciting technology, probably the most disruptive technology in our industry, the financial services industry.“
DNT: Are these types of statements a surprise for anybody? No? You can say it again! …”separate bitcoin from the blockchain” is the main purpose of this fast-growing army.
So, let’s resume this assault with the words of french writer François de La Rochefoucauld: “Self-interest makes some people blind, and others sharp-sighted”.
FAO: They, the “cryptoverse’s” true fans, won’t get tired of saying the same thing, again and again, and we promise we won’t get tired of spotting them all and publishing their thoughts.
Fan Bao uses (a kind of) diplomacy here. Maybe because he’s coming from Bitcoin’s biggest market? His words were: (Bitcoin is) “getting a little bit bubblish”. Hmmm, let’s try to translate:
“is getting” – means “it wasn’t, until now”?,
“Bubblish” – means “it’s almost a bubble” – so it’s not?
We came across this famous Chinese saying: “近水知鱼性, 近山识鸟音jìn shuǐ zhī yú xìng, jìn shān shí niǎo yīn – Near to rivers, we recognize fish, near to mountains, we recognize the songs of birds. It is very important to make on-the-spot investigations”
Dave Gershgorn – Quartz
For Wall Street analysts and investors trying to figure out whether cryptocurrencies like bitcoin and ether are destined to deflate, Ethereum co-founder Joseph Lubin has an answer for you: yes.
DNT: An example of raw sincerity…
FAO: Lubin also said: “These bubbles bring attention, they bring value into the ecosystem. That value is recognized by software developers and business developers, and they create fundamental value and projects that grow the new architecture.”
And we have another Chinese saying: “人心齐，泰山移 rén xīn qí, tài shān yí – When people work with one mind, they can even remove Mount Taishan”
Evelyn Cheng – CNBC
Wall Street’s “dean of valuation” Aswath Damodaran said that bitcoin’s price could be justified if it is widely usable as a currency for daily transactions.
DNT: Now, this is a totally different type of approach. A practical one. For Damodaran BTC “is not an asset, but a currency”.
Antonia Timmerman – Deal Street Asia
Bitcoin payment platforms Toko Bitcoin and Bitbayar have closed down following recent announcements made by Bank Indonesia – which stated that it will not recognize bitcoin as a means of payment.
DNT: The side effects of central banks policy are starting to appear…
Yoon Yung Sil – Business Korea
Korean fintech company Dunamu Inc., which operates a popular securities trading app called Kakao Stock, announced that it has started providing an open beta service for a cryptocurrency exchange called “Upbit”.
COBINHOOD announced the completion of its ICO. The platform has successfully raised 10 million USD equivalent ETH through ICO.
Avi Mizrahi – Finance Magnates
Mike Kayamori, co-founder and CEO of QUOINE, talks about solving one of the biggest issues for cryptocurrencies and ICOs.
FAO: QUOINE LIQUID aims to create the “World Book”, a global order book, to provide global liquidity in cryptocurrencies. Take that Jamie….
Emiko Terazono – Financial Times (subscription)
As cryptocurrencies draw both greater interest and scrutiny in countries from the US to Switzerland, Japan has quietly become one of the largest hubs for trading bitcoin.
DNT: Meanwhile in Japan…
FAO: The “cryptoverse’s” undisputed champion.
Wolfie Zhao – CoinDesk
The head of South Korea’s central bank has ruled out classifying bitcoin as a currency, arguing that cryptocurrencies are a form of commodity instead.
DNT: A few lines above, we had a different opinion from Aswath Damodaran, Wall Street’s “dean of valuation”. So, what is BTC: a currency, a commodity/asset? Or both? Who’s right? Personally, I think it can be both. Send us your thoughts.
Stan Higgins – CoinDesk
Tokyo is organizing a new blockchain-focused startup accelerator, set to officially start in January. Tokyo Metropolitan Government is working with Japanese think tank Nomura Research Institute on the “Blockchain Business Camp Tokyo,” the third iteration of a series of accelerator programs that have focused on emerging technologies.
DNT: “Meanwhile in Japan 2”.
FAO: Decebal’s comment sounds like a movie title. Yeah, it’s a Sci-Fi. Japan is “light years” away from any other country in the world…so what else can they do in the future?
Evelyn Cheng – CNBC
A well-respected Wall Street stock strategist is increasing his bets on bitcoin. Fundstrat’s Tom Lee told clients in a report that the Bitcoin Investment Trust, trading under the GBTC ticker, is an “attractive” buy.
FAO: Ahem, said what?
Emmanuel Ocbazghi, Graham Flanagan & Sara Silverstein – Business Insider (video)
In an effort to fairly compare gold and bitcoin in this vein, we went out into the world to see how easy it was to spend both in everyday transactions. It turns out it isn’t easy to spend either.
DNT: Very useful story on a hot topic: store of value vs. medium of exchange. What can we really do with BTC & Gold? Find out in a 2 minutes and 33 seconds video. Or you can read the text.
Daniel Roberts – Yahoo Finance
There’s a paradox inherent in raving about blockchain but disparaging bitcoin, since the two originated together.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News