The CoinAge Chronicles

A timely look into the trends, technologies and mainstream growth of blockchain and crypto currency.

When Is A Blockchain Not A Blockchain?

As early as March 2016, that’s over a year ago – a decade in Bitcoin years – a global banking consortium completed a series on tests of blockchain technologies, hoping to divine how the blockchain could be used in global financial markets. According to an IBM survey later in 2016, 15 percent of the 200 top global banks were intending to roll out full-scale, commercial blockchain products in 2017, and 65 percent of these banks expected to have blockchain projects in production in three years. Personally, I doubt if many of these trees will bear fruit. To understand why, we need first to understand what a blockchain is.

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Jamie Dimon’s Dubious Diatribe

Jamie Dimon, the Chairman, President and CEO of JP Morgan, took a few shots at Bitcoin, while addressing a conference in New York. He was “talking his book” as they say, extolling the virtues of Wall St banking and dissing the rising competition. Make no mistake, Bitcoin and its fellow mutant currencies are the coming competition for the banking world.

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How Many Coins Should You Mint?

If you sort through the top 100 cryptocurrencies, you discover that some of them have a “thin coin population.” At the moment, for example, Byteball has 583,896 (GBYTE) coins in circulation and Melon has 599,400 (MLN). The obese coin populations are the likes of Bytecoin with 183,253,534,612 (BCN) in circulation and Dogecoin with 110,977,964,374 (DOGE). When we choose to mint 100,000,000,000 ALX, we chose fat over thin.

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