Bitcoin and cryptocurrency round-up 25 July 2018

Posted: 25 July 2018 8:15 pm
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What's happening in cryptocurrency?

Augur awkwardness, crypto Ponzi games, construction's data problem, tax time reminder and Ethereum weekly price analysis.

1. Gambling is a sin. And gambling on murder and genocide is ultra-sin

Prediction markets have been around for a long time. But in the absence of a dedicated UX they've just been called predictions.

Attaching a gambling-type market interface to unsavoury predictions doesn't suddenly make them unethical.

2. Ponzi: The Game

FOMO3D is so hot right now.

It's even hotter when you look at it in the context of cryptocurrency's long running history of Ponzi games.

3. A man walks into a bar

He sees the bartender writing "2 drinks for $2" on a sign. It sounds like a good deal, so he asks for two drinks.

The bartender pours them, then says, "That'll be $5."

Unhappy, the man argues that the sign says $2.

"The sign must be wrong," the bartender shrugs.

Data issues in the construction industry are causing budget blowouts and other problems. Enter the blockchain.

4. Make tax time fun

By having someone else do it.

Find a cryptocurrency-friendly tax accountant in Australia.

Ethereum price analysis: Proverbs edition

A rolling stone gathers no moss, but slow and steady wins the race.

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VET, XLM, BTC, ADA

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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