Trust, reputation and ambiguous freedoms: financial institutions and subversive libertarians navigating blockchain, markets, and regulation: Journal of Cultural Economy

papers | Research Notes | trust

This article departs from the post 2008 financial crisis context, from its intersection with technological developments, and from the socio-technical arrangements configured by this conjuncture. It explores plans and actions – of mainstream financial institutions, and of a community seeking for alternatives to centralised economy and governance – for the use of digital platforms supported by blockchain infrastructure. In particular, it explores how such plans and actions relate to conceptions of public and peer trust and how they appear to produce, or reinforce, reputational imaginaries and quantification practices within added value philosophies. By illuminating a tension between the two identified case examples, I seek to render alternative communities’ and financial institutions’ conceptions, imaginaries and practices (more) visible and to analyse their organisational marketing strategies – where there is a pragmatic and discursive operationalisation of technology as well as of trust as means to gain more self-sovereignty in action, while navigating markets and regulated actual world contexts.

Source: Trust, reputation and ambiguous freedoms: financial institutions and subversive libertarians navigating blockchain, markets, and regulation: Journal of Cultural Economy: Vol 0, No 0

ICO Issuers, Class Action Lawsuits Find Succor from US Regulator

blockchain | cryptocurrencies | law | Research Notes

Following action against Decentralized Exchange EtherDelta, last week also saw the US Securities and Exchange Commission issuing settled orders against two companies, Airfox and Paragon, for the sale of unregistered securities after raising capital through an Initial Coin Offering. The regulator may have given class action lawsuits against token issuers much needed guidance, one of which was filed against Paragon earlier this year. On the flip side, Washington has also given those who raised capital through the contentious vehicle an opportunity to make good allowing for the retroactive filing of their token as a security.

Source: Volume 2 Issue 45 – Diar

Plans for digital currency spark political crisis in Marshall Islands | World news | The Guardian

cryptocurrencies | finance | politics | Research Notes

The only female leader in the Pacific Islands is facing a no-confidence challenge after pushing ahead with the controversial introduction of a digital currency for the Marshall Islands.In February this year President Hilda Heine announced plans to introduce a cryptocurrency to operate as the country’s second legal tender alongside the US dollar, saying her country must not remain idle but “advance into the future”.The cryptocurrency, known as Sovereign or “Sov” was to be issued by an Israeli start-up company, which, according to the International Monetary Fund has “limited financial sector experience”.

Source: Plans for digital currency spark political crisis in Marshall Islands | World news | The Guardian

NYTimes: Alas, the Blockchain Won’t Save Journalism After All

applications | blockchain | critique | opinion | Research Notes

Still, a problem remains: People don’t buy into blockchain applications unless they can make money. There is no evidence that people want to use it to “fix” journalism. There is also no evidence that anyone really understands how that would even work.
For now, Civil is essentially just another media operation with venture capital funding. The money underwriting it, from ConsenSys, remains, you know, regular money. The company uses some blockchain technology underneath the hood, including a plugin for its publishing software. But the technology remains difficult to comprehend, and, for any news consumer’s purpose, irrelevant.

hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs

cryptocurrencies | law | opinion | papers | politics | Research Notes

THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing on “Exploring the Cryptocurrency and Blockchain Ecosystem.”  The witnesses will be Dr. Nouriel Roubini, Professor of Economics and International Business, New York University Stern School of Business; and Mr. Peter Van Valkenburgh, Director of Research, Coin Center.All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.

Source: hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs

Quality Magnet Coin

applications | blockchain | copyright | Research Notes

The goal of Quality Magnet Coin QMC for short, is to build a large torrent magnet index that’s impossible to take offline, censor, or block.

The core idea is fairly straightforward. The application uses the blockchain to create a decentralized database of torrent magnet links which doesn’t rely on a hosting service or domain name, making it virtually impossible to take down

Cryptocurrency Startup Creates a Decentralized ‘Pirate Bay’ Alternative