Round of Applause 👏 by Blockstreet — Volume 3, August 3, 2018
Curating the most clap-worthy blockchain-related Medium stories of the week
Them Lightning Network Nodes Sure Do Look Centralized To Me! What Gives?, StopAndDecrypt
When people first see a visualization of the lightning network, they often call it centralized because of what looks like the presence of hubs. In this article, he explains why this is mostly just a fallacy via the visual eye trick. He also provides his own informative visualizations and context.
“People who have no idea what they’re looking at, even if they think they do.”
Bitcoin: we don’t expect new highs in 2018, Tuur Demeester
Tuur Demeester bucks the common consensus and explains why he doesn’t think Bitcoin will reach new all time highs this year. In this short but informative article, he provides reasons why its not likely to happen, and instead, why the market needs time to recover from its most recent 30-month rally.
“While institutional investors are certainly getting involved in Bitcoin, the vast majority of the firms are trading firms who are looking to make markets regardless of price: they’re just as happy to take on short positions as they are to go long.”
The Other Side of the Coin, Nik Custodio
Nik Custodio gives an easy to follow introductory article on the concept of DApps (Decentralized Applications). He does a good job at helping provide context as to why and how tokens are necessary for fueling these decentralized platforms.
“Now what if I told you that there was an application — just like iCloud. It’s got a friendly interface, and you can upload and download stuff too — except unlike iCloud, you can’t point to the one thing that owns it. Spooky.”
Why Third Generation Cryptocurrencies Are Game-Changers for Venezuela, Amir Hagafny
Amir goes into the benefits of third-generation cryptocurrencies like NANO and how they are able to differentiate themselves from Bitcoin. He uses a real world example of how they’ve already made a huge impact in the lives of struggling Venezuelans.
“It all started as a “Thank you” thread at NANO’s subreddit aimed at a user that donated 0.5 NANO (around 1$) to him. Hector admitted it was more than what he earned last month.”
Blockchain & The Entertainment Industry, Teddy Zee
Renown film producer Teddy Zee writes the first article in his new series Blockchain On Spec — delving into the realm of blockchain and the entertainment industry. Using his extensive personal experience, he’s able to offer an in-depth look at the subject.
“Considering the DotCom explosion of the 1990s and Web 2.0 of the early 2000s, many believe that blockchain technology signals the next wave of transformation in the entertainment industry.
Looking back, we tend to forget about the many casualties along the way. After all, Amazon wasn’t created overnight and it wouldn’t have become the giant it is without busts like Pets.com or HomeGrocer.com.”
Round of Applause is written weekly by David Fan of BlockstreetHQ.
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