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Creation and Resilience of Decentralized Brands: Bitcoin & The
Creation and Resilience of Decentralized Brands: Bitcoin & the Blockchain Syeda Mariam Humayun A dissertation submitted to the Faculty of Graduate Studies in partial fulfillment of the requirements for the degree of Doctor of Philosophy Graduate Program in Administration Schulich School of Business York University Toronto, Ontario March 2019 © Syeda Mariam Humayun 2019 Abstract: This dissertation is based on a longitudinal ethnographic and netnographic study of the Bitcoin and broader Blockchain community. The data is drawn from 38 in-depth interviews and 200+ informal interviews, plus archival news media sources, netnography, and participant observation conducted in multiple cities: Toronto, Amsterdam, Berlin, Miami, New York, Prague, San Francisco, Cancun, Boston/Cambridge, and Tokyo. Participation at Bitcoin/Blockchain conferences included: Consensus Conference New York, North American Bitcoin Conference, Satoshi Roundtable Cancun, MIT Business of Blockchain, and Scaling Bitcoin Tokyo. The research fieldwork was conducted between 2014-2018. The dissertation is structured as three papers: - “Satoshi is Dead. Long Live Satoshi.” The Curious Case of Bitcoin: This paper focuses on the myth of anonymity and how by remaining anonymous, Satoshi Nakamoto, was able to leave his creation open to widespread adoption. - Tracing the United Nodes of Bitcoin: This paper examines the intersection of religiosity, technology, and money in the Bitcoin community. - Our Brand Is Crisis: Creation and Resilience of Decentralized Brands – Bitcoin & the Blockchain: Drawing on ecological resilience framework as a conceptual metaphor this paper maps how various stabilizing and destabilizing forces in the Bitcoin ecosystem helped in the evolution of a decentralized brand and promulgated more mainstreaming of the Bitcoin brand. ii Dedication: To my younger brother, Umer. -
ADMINISTRATIVE PANEL DECISION Case No
ADMINISTRATIVE PANEL DECISION Case No. CN-2101385 Complainants: Canaan Creative Co., Ltd. (Complainant 1); Hangzhou Canaan Creative Information Technology Co., Limited (Complainant 2) Respondent: Bo Wang Domain Name: canaanavalonminers.com Registrar: NameCheap, Inc. 1. Procedural History On February 7, 2021, the Complainants submitted a Complaint in English to the Beijing Office of the Asian Domain Name Dispute Resolution Center (the ADNDRC Beijing Office) and elected this case to be dealt with by a one-person panel, in accordance with the Uniform Domain Name Dispute Resolution Policy (the Policy) and the Rules for Uniform Domain Name Dispute Resolution Policy (the Rules) approved by the Internet Corporation for Assigned Names and Numbers (ICANN), and the ADNDRC Supplemental Rules for Uniform Domain Name Dispute Resolution Policy (the ADNDRC Supplemental Rules) approved by the ADNDRC. On February 7, 2021, the ADNDRC Beijing Office sent to the Complainants by email an acknowledgment of the receipt of the Complaint and transmitted by email to ICANN and the Registrar, NameCheap, Inc., a request for registrar verification in connection with the disputed domain name. On April 9, 2021, the Registrar transmitted by email to the ADNDRC Beijing Office its verification response, confirming that the Respondent is listed as the registrant and providing the contact details. On April 20, 2021, the ADNDRC notified the Complainants that the Complaint has been confirmed and transmitted to the Respondent and the case officially commenced. On the same day, the ADNDRC Beijing Office transmitted the Written Notice of the Complaint to the Respondent by email and post, which informed that the Complainants had filed a Complaint against the disputed domain name and the ADNDRC Beijing Office had sent the complaint and its attachments through email according to the Rules and the Supplemental Rules. -
A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets
Journal of Risk and Financial Management Review A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets Nikolaos A. Kyriazis Department of Economics, University of Thessaly, 38333 Volos, Greece; [email protected] Abstract: This study is an integrated survey of GARCH methodologies applications on 67 empirical papers that focus on cryptocurrencies. More sophisticated GARCH models are found to better explain the fluctuations in the volatility of cryptocurrencies. The main characteristics and the optimal approaches for modeling returns and volatility of cryptocurrencies are under scrutiny. Moreover, emphasis is placed on interconnectedness and hedging and/or diversifying abilities, measurement of profit-making and risk, efficiency and herding behavior. This leads to fruitful results and sheds light on a broad spectrum of aspects. In-depth analysis is provided of the speculative character of digital currencies and the possibility of improvement of the risk–return trade-off in investors’ portfolios. Overall, it is found that the inclusion of Bitcoin in portfolios with conventional assets could significantly improve the risk–return trade-off of investors’ decisions. Results on whether Bitcoin resembles gold are split. The same is true about whether Bitcoins volatility presents larger reactions to positive or negative shocks. Cryptocurrency markets are found not to be efficient. This study provides a roadmap for researchers and investors as well as authorities. Keywords: decentralized cryptocurrency; Bitcoin; survey; volatility modelling Citation: Kyriazis, Nikolaos A. 2021. A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets. Journal of Risk and 1. Introduction Financial Management 14: 293. The continuing evolution of cryptocurrency markets and exchanges during the last few https://doi.org/10.3390/jrfm years has aroused sparkling interest amid academic researchers, monetary policymakers, 14070293 regulators, investors and the financial press. -
Segwit2x –
SegWit2x – A New Statement The Overwhelming power of SegWit2x In order to safeguard the community from an undesired chain split, the upgrade should be overwhelming, but it’s not enough. It should also ‘appear’ as overwhelming. People, businesses and services needs to be certain about what is going to happen and the risks if they won’t follow. My impression is that still too many speaking english people in the western world think the upgrade will be abandoned before or immediately after block 494784 is mined, thus they are going to simply ignore it. That could lead to unprepared patch up and confusion, while naïve users risk to harm themselves. For this reason and for the sake of the Bitcoin community as a whole, we need to show again, clearly and publicly the extent of the support to SegWit2x. We also need to commit ourselves in a widespread communication campaign. I know this is not a strict technical matter, but it could help a lot avoiding technical issues in the future. What we have to do First, we need a new statement from the original NYA signers and all the business, firms and individuals who joined the cause later. That statement should be slightly different from the original NYA though, and I am explaining why. We all know that what Bitcoin is will be ultimately determined by market forces, comprehensive of all the stakeholders involved: businesses, miners, users, developers, traders, investors, holders etc. Each category has its own weight in the process, and everybody has incentives in following the market. -
Trading and Arbitrage in Cryptocurrency Markets
Trading and Arbitrage in Cryptocurrency Markets Igor Makarov1 and Antoinette Schoar∗2 1London School of Economics 2MIT Sloan, NBER, CEPR December 15, 2018 ABSTRACT We study the efficiency, price formation and segmentation of cryptocurrency markets. We document large, recurrent arbitrage opportunities in cryptocurrency prices relative to fiat currencies across exchanges, which often persist for weeks. Price deviations are much larger across than within countries, and smaller between cryptocurrencies. Price deviations across countries co-move and open up in times of large appreciations of the Bitcoin. Countries that on average have a higher premium over the US Bitcoin price also see a bigger widening of arbitrage deviations in times of large appreciations of the Bitcoin. Finally, we decompose signed volume on each exchange into a common and an idiosyncratic component. We show that the common component explains up to 85% of Bitcoin returns and that the idiosyncratic components play an important role in explaining the size of the arbitrage spreads between exchanges. ∗Igor Makarov: Houghton Street, London WC2A 2AE, UK. Email: [email protected]. An- toinette Schoar: 62-638, 100 Main Street, Cambridge MA 02138, USA. Email: [email protected]. We thank Yupeng Wang and Yuting Wang for outstanding research assistance. We thank seminar participants at the Brevan Howard Center at Imperial College, EPFL Lausanne, European Sum- mer Symposium in Financial Markets 2018 Gerzensee, HSE Moscow, LSE, and Nova Lisbon, as well as Anastassia Fedyk, Adam Guren, Simon Gervais, Dong Lou, Peter Kondor, Gita Rao, Norman Sch¨urhoff,and Adrien Verdelhan for helpful comments. Andreas Caravella, Robert Edstr¨omand Am- bre Soubiran provided us with very useful information about the data. -
BITVO MARKET RECAP REPORT June 7, 2021
BITVO MARKET RECAP REPORT June 7, 2021 www.bitvo.com 1 833-862-4886 INSIGHTS FROM THE BITVO TRADING DESK Joel Johnson - [email protected] Yiannis Kanatas - [email protected] WHAT HAPPENED IN CRYPTO LAST WEEK The pricing of alt coins decoupled from Bitcoin last week as alt coins continued to outperform with most increasing by over 10% on the week. Bitcoin, on the other hand, was approximately flat on the week. The price of Bitcoin remains in the mid-US$30,000s as it continues to look for direction and news continues to be mixed (see below). It is currently trading around US$35,500. Meanwhile, the price of Ether is up over 13% on the week, currently trading around US$2,700. Many all-time highs were recently celebrated by Ether, noted below. Overall, the market capitalization of cryptocurrencies globally gained about US$100B last week and is now sitting at US$1.7T. Bitcoin and Ether collectively comprise about US$1.1T of that value. ALTCOIN HEADLINES Big May for Ether Circle Raises Funds NFTs Go To The Olympics Ether’s monthly adjusted on-chain Circle, the company behind the fast- The International Olympic Committee volume surged to a high of US$666B in growing stablecoin USDC, raised (IOC) and video game developer nWay May, representing a 92.7% month over US$440M ahead of a potential special will launch a collection of NFTs that month increase. May also represented purpose acquisition vehicle (SPAC) deal. represent collectible Olympic pins. the first time that the on-chain volume figure for Ether surpassed Bitcoin’s. -
Facilitating Cross-Chain Cryptocurrency Exchanges: an Inquiry Into Blockchain Technology and Interoperability with an Emphasis on Cryptocurrency Arbitrage
Eastern Michigan University DigitalCommons@EMU Senior Honors Theses & Projects Honors College 2020 Facilitating cross-chain cryptocurrency exchanges: An inquiry into blockchain technology and interoperability with an emphasis on cryptocurrency arbitrage Samuel Grone Follow this and additional works at: https://commons.emich.edu/honors Part of the Computer Sciences Commons Facilitating cross-chain cryptocurrency exchanges: An inquiry into blockchain technology and interoperability with an emphasis on cryptocurrency arbitrage Abstract Since the introduction and proliferation of the blockchain-based cryptocurrency Bitcoin, alternative cryptocurrencies also based on blockchain technology have exploded in number. It was once believed that one, or very few, cryptocurrencies would eventually dominate the market and drive out competitors. This assumption, however, was incorrect. Thousands of cryptocurrencies exist concurrently. The vast number of cryptocurrencies leads to a problem—what if the cryptocurrency that an individual possesses does not meet their current needs as well as another cryptocurrency might? The attempt to solve this problem has led to the rise of many cryptocurrency exchanges and exchange schemes. In this paper, we will discuss the motivations for an individual to be interested in exchanging two or more cryptocurrencies by describing and comparing various popular cryptocurrencies with different desirable attributes. While we will discuss these attributes, this paper will give special focus to arbitrage in particular. In addition, we will describe various cryptocurrency exchange schemes and their advantages and disadvantages. Finally, we contribute to the understanding of cryptocurrency exchangeability and interoperability by comparing the historical price data of several cryptocurrencies to determine how often arbitrage has been possible in the past. Degree Type Open Access Senior Honors Thesis Department Computer Science First Advisor Weitian Tong Second Advisor S. -
Delta Provides UPS System for 2018 FIFA World Cup Russia™
Vol. 40 August 2018 DELTA BRAND NEWS Delta provides UPS system for 2018 FIFA World Cup Russia™ SPECIAL REPORT / ABOUT DSM / PEOPLE & PRODUCT / BRAND CIRCLE / Delta provides UPS system Building energy- Happy work, happy life — Delta's smart building and for 2018 FIFA World Cup Russia™ efficient factories, Delta Electronics Beijing Office micro-grid Energy achieving green and Infrastructure Solutions smart manufacturing unveiled at COMPUTEX 2018 CONTENTS DELTA BRAND NEWS BRAND DELTA FROM THE EDITOR SPECIAL REPORT 02 Delta provides UPS system for 2018 FIFA World Cup Russia™ BRAND PEOPLE 05 Capitalize on advantages and generate global business opportunities through advanced technologies Interview with Electric Vehicle Solutions Business Group (EVSBG) General Manager, Mr. James Tang ABOUT DSM 09 Building energy-efficient factories, achieving green and smart manufacturing BRAND CIRCLE 13 Delta's smart building and micro-grid Energy Infrastructure Solutions unveiled at COMPUTEX 2018 14 Delta's 8K laser projector made an appearance at National Museum of Natural Science 15 2018 "Delta New Power Electronics Technology Seminar" supports innovative talent Tsinghua University Professor Xiao Xi named "Delta Scholar" 16 Excellent universities from China, Taiwan, India and Thailand participated in the 5th Delta Advanced Automation Design Contest 17 Delta video walls at the heart of India’s first smart city 17 Delta’s full color LED displays light up new baseball season at Taoyuan International Baseball Stadium and Xinzhuang Baseball Stadium 18 Delta -
Mckinsey on Semiconductors
McKinsey on Semiconductors Creating value, pursuing innovation, and optimizing operations Number 7, October 2019 McKinsey on Semiconductors is Editorial Board: McKinsey Practice Publications written by experts and practitioners Ondrej Burkacky, Peter Kenevan, in McKinsey & Company’s Abhijit Mahindroo Editor in Chief: Semiconductors Practice along with Lucia Rahilly other McKinsey colleagues. Editor: Eileen Hannigan Executive Editors: To send comments or request Art Direction and Design: Michael T. Borruso, copies, email us: Leff Communications Bill Javetski, McKinsey_on_ Semiconductors@ Mark Staples McKinsey.com. Data Visualization: Richard Johnson, Copyright © 2019 McKinsey & Cover image: Jonathon Rivait Company. All rights reserved. © scanrail/Getty Images Managing Editors: This publication is not intended to Heather Byer, Venetia Simcock be used as the basis for trading in the shares of any company or for Editorial Production: undertaking any other complex or Elizabeth Brown, Roger Draper, significant financial transaction Gwyn Herbein, Pamela Norton, without consulting appropriate Katya Petriwsky, Charmaine Rice, professional advisers. John C. Sanchez, Dana Sand, Sneha Vats, Pooja Yadav, Belinda Yu No part of this publication may be copied or redistributed in any form without the prior written consent of McKinsey & Company. Table of contents What’s next for semiconductor How will changes in the 3 profits and value creation? 47 automotive-component Semiconductor profits have been market affect semiconductor strong over the past few years. companies? Could recent changes within the The rise of domain control units industry stall their progress? (DCUs) will open new opportunities for semiconductor companies. Artificial-intelligence hardware: Right product, right time, 16 New opportunities for 50 right location: Quantifying the semiconductor companies semiconductor supply chain Artificial intelligence is opening Problems along the the best opportunities for semiconductor supply chain semiconductor companies in are difficult to diagnose. -
The Legal Status and Regulation of Bitcoin in Australia
The University of Notre Dame Australia ResearchOnline@ND Theses 2017 Future digital money: The legal status and regulation of bitcoin in Australia Chinelle van der Westhuizen Follow this and additional works at: https://researchonline.nd.edu.au/theses Part of the Law Commons COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING The material in this communication may be subject to copyright under the Act. Any further copying or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. Publication Details van der Westhuizen, C. (2017). Future digital money: The legal status and regulation of bitcoin in Australia (Master of Laws (Thesis)). University of Notre Dame Australia. https://researchonline.nd.edu.au/theses/160 This dissertation/thesis is brought to you by ResearchOnline@ND. It has been accepted for inclusion in Theses by an authorized administrator of ResearchOnline@ND. For more information, please contact [email protected]. The University of Notre Dame Australia School of Law FUTURE DIGITAL MONEY: THE LEGAL STATUS AND REGULATION OF BITCOIN IN AUSTRALIA Chinelle van der Westhuizen LLB, LLM (University of Pretoria) This thesis is submitted in fulfilment of the requirements of the Degree of Master of Laws by Research 2017 DECLARATION This thesis does not, to the best of my knowledge, contain previously published or written material by another person except where due reference is made in the text, or any material previously submitted for a degree in any higher degree institution. _________________________________ Chinelle van der Westhuizen _________________________________ Date i ACKNOWLDEGEMENTS First and foremost, I thank God for his abundant love and goodness throughout this research period and for Blessing me with the talents to endure such a challenging research project. -
Trust and Verifiable Computation for Smart Contracts in Permissionless Blockchains
DEGREE PROJECT IN INFORMATION AND COMMUNICATION TECHNOLOGY, SECOND CYCLE, 30 CREDITS STOCKHOLM, SWEDEN 2017 Trust and verifiable computation for smart contracts in permissionless blockchains DOMINIK HARZ KTH ROYAL INSTITUTE OF TECHNOLOGY SCHOOL OF INFORMATION AND COMMUNICATION TECHNOLOGY Abstract Blockchains address trust through cryptography and consensus. Bitcoin is the first digital currency without trusted agents. Ethereum extends this technology by enabling agents on a blockchain, via smart contracts. However, a systemic trust model for smart contracts in blockchains is missing. This thesis describes the ecosystem of smart contracts as an open multi-agent system. A trust model introduces social control through deposits and review agents. Trust-related attributes are quantified in 2,561 smart contracts from GitHub. Smart contracts employ a mean of three variables and functions and one in ten has a security-related issue. Moreover, blockchains restrict computation tasks. Resolving these restrictions while maintaining trust requires verifiable computation. An algorithm for verifiable computation is developed and implemented in Solidity. It uses an arbiter enforcing the algorithm, computation services providing and verifying solutions, and a judge assessing solutions. Experiments are performed with 1000 iterations for one to six verifiers with a cheater prior probability of 30%, 50%, and 70%. The algorithm shows linear complexity for integer multiplication. The verification depends on cheater prior probability and amount of verifiers. In the experiments, six verifiers are sufficient to detect all cheaters for the three prior probabilities. Keywords: blockchain; smart contract; trust; multi-agent system; verifiable compu- tation Referat Blockchains adresserar tillit genom kryptografi och konsensus. Bitcoin är den första digitala valutan utan betrodda agenter. -
Altcoins, Ethereum Projects, and More – Bonus Content
Altcoins, Ethereum projects, and More – Bonus Content Welcome to the bonus online content for Mastering Blockchain – Third Edition! This content complements the main text, with the intention to enhance the reader learning experience. The material covered here has not been included in the core book for reasons of brevity and scope, but it contains valuable information, and has thus been included here for reference and further learning. We'll list and briefly describe the topics covered in these pages here, as an idea of what will be covered in this package. The topics are best read in conjunction with the chapters specified here, but can also be accessed as a reference guide for various topics at any point! • Bitcoin forks: It is recommended that this topic is read after Chapter 7, Bitcoin Network and Payments. It covers alternative Bitcoin projects such as Bitcoin Cash and Bitcoin Unlimited. • Alternative coins: This is intended to be read in conjunction with Chapter 9, Alternative Coins. This topic covers some important cryptocurrency projects such as Zcash and Primecoin. We cover in detail, among other things, how various clients can be installed, and how mining can be performed. • Ethereum networks, trading and investment: It's recommended to read this material with Chapter 11, Ethereum 101. This topic briefly introduces the different types of Ethereum networks and some technical details. Also, we introduce some basics regarding the trading and investment of ether, the Ethereum cryptocurrency. • Ethereum EVM opcodes: This topic should be read in conjunction with Chapter 12, Further Ethereum. Here, we list all EVM opcodes, with descriptions and some technical details, such as their opcode representation and gas consumption.