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This new chart from
@Chainalysis is a helpful starting point for talking about how Bitcoin is being used today.pic.twitter.com/TwNHXEb7mF
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You can see that in this chart that Chainalysis put together, showing how blockchain traffic breaks down.pic.twitter.com/JdgdGQ6vK7
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That has actually captured most of the news coverage to date. But for most ordinary people, there is only going to be so much interest in a new form of financial speculation, especially when, as has been true over the last six months, it has been shrinking.pic.twitter.com/qPM5kXao2d
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All of the data we presented in the story is since 2015, and dark net usage is way up since then.pic.twitter.com/tkIveHr1QC
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here is the chainalysis data for quarterly dark net market transactionspic.twitter.com/w73v6kIo5c
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But the latest data suggests that this logic has not convinced the criminals themselves. They are using Bitcoin for growing amounts of illegal activity, even at a time when other parts of the Bitcoin economy have shrunk. https://www.nytimes.com/2020/01/28/technology/bitcoin-black-market.html …pic.twitter.com/UeUjiBIjEJ
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NEW: While most of the Bitcoin economy has been slumping in recent months, illegal activity continued to rise and hit an all-time high, new data shows. In the final months of '19, online black markets attracted $600 million in Bitcoin — up 60% from '18. https://nytimes.com/2020/01/28/technology/bitcoin-black-market.html …pic.twitter.com/lKxE3ZA4XQ
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One of the big arguments for cryptocurrencies and Libra is that they could bring down the cost of remittances and sending money between countries. But look how the costs of this have already been coming down without cryptocurrencies, acc. to the BIS (https://www.bis.org/speeches/sp191205.pdf …)pic.twitter.com/vDvXpD9vyl
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In a blog post last night, the CEO of Rev, said that the people complaining only represent 1% of the workers and that most are happy. In response, a worker set up a poll on Rev's internal forum. So far over 200 people have responded and 95% say they are unhappy.pic.twitter.com/AgL17ZoYoT
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This seems like quite a discovery from
@bencasselman,@uwsgeezer and@jimtankersley: corporate tax cuts seemed to have little impact on capital investments. Did all the economists predict this would happen? https://www.nytimes.com/2019/11/17/business/how-fedex-cut-its-tax-bill-to-0.html …pic.twitter.com/ItztDffMaO
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How do gig-economy startups compare in their treatment of workers? There isn't a lot of evidence so far, but some of the best data comes from
@TowardsFairWork, which put out scores for how the biggest start-ups in India + South Africa treat contractors. https://fair.work/fairwork-foundations-first-annual-report-released/ …pic.twitter.com/TE3nAwwQ3J
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At the Colombian delivery service, Rappi, couriers tell stories of how the start-up has offloaded all the risks of the job – like robberies and injuries – onto their shoulders. And then has followed that up by cutting their pay over time.pic.twitter.com/Yjwy7ZhGo4
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At the Indian hotel startup, Oyo, suicidal hotel owners told stories of being lured in with promises of guaranteed payments and then having the payments suddenly cut off. Hoteliers have staged protests against Oyo in cities across India over the last few months.pic.twitter.com/92DPTegVd8
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The business model of relying on contractors began in earnest with Uber and ride-sharing but SoftBank has led the expansion to an array of industries, from hotels to real estate, on every continent. SoftBank now has 16 such startups in its portfolio.pic.twitter.com/JmIkdkiT9b
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I wish American companies gave their earnings reports in dramatic visual form like SoftBank did this morning. The stormy waters behind everything. The brutal honesty.pic.twitter.com/auliwzS0Bh
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As the Zuckerberg hearing begins, Maxine Waters is not backing down on her call for a moratorium on Libra: "It would be beneficial for all if Facebook focuses on fixing its existing problems before proceeding any further on the Libra project." Livestream:https://www.youtube.com/watch?v=isTB1Bpl9SA&feature=youtu.be …
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The Feds have recently brought cases against several old initial coin offerings. The one, against a lawyer who advised many ICOs, stands out in the details. https://www.coindesk.com/doj-brings-extortion-charges-against-early-advisor-to-ethereum-tzero?utm_source=&utm_medium=&utm_campaign= …pic.twitter.com/FZ83k2zsyI
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In a story about, among other things, AT&T’s failure to help customers who have had their AT&T phone numbers hacked, this line is particularly telling. https://nytimes.com/2019/09/05/technology/sim-swap-jack-dorsey-hack.html …pic.twitter.com/dZ8xUXrGwN
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The military wing of Hamas is one of the terrorist groups using Bitcoin to fundraise in new ways. The stepped up activity has caught the attention of terrorism experts. https://www.nytimes.com/2019/08/18/technology/terrorists-bitcoin.html …pic.twitter.com/3ibqYHHXoP
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After getting booted off the traditional internet, 8chan was still up and running on the dark web on Monday, though in a very slow, intermittent fashion. Even the dark web relies on old-fashioned internet infrastructure. https://www.nytimes.com/2019/08/05/technology/8chan-website-online.html …pic.twitter.com/iANyg5ZFzD
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