Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week Elon Musk: Bitcoin Has 'Quite Brilliant' Structure, Paper Money is Going Away
What is this all about?
Elon Musk, tech entrepreneur and CEO of Tesla, said that Bitcoin's structure is "quite brilliant," noting that digital currency is "a far better way to transfer value than pieces of paper"
What else did he say?
Musk did point out some of the downsides of crypto, namely that it is energy-intensive computationally, but added that Tesla resources could help bring about the use of sustainable energy in crypto
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Mark Zuckerberg Considers Blockchain Authorization of Data
What happened?
Facebook CEO and founder Mark Zuckerberg considered a potential blockchain use case by which users could have control over their data during an interview with Harvard Law professor Jonathan Zittrain
What is his point?
Mark Zuckerberg stated that a decentralized system may give users more control over their data, but could also lead to more abuse, and any recourse would be far more difficult than on a centralized system
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Bitcoin Will Hit $1 Million, Says IBM's VP of Blockchain Jesse Lund
What is this all about?
The vice president of blockchain and digital currencies for IBM, Jesse Lund, said that he expects Bitcoin's price to eventually hit $1 million, clarifying, "I'll go with $5,000"
What is he based on?
Lund explained that he "likes that number," given that "if Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny." He noted that at such a value, the whole network would have over $20 trillion of liquidity
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Ethereum Co-Founder Vitalik Buterin Discloses Non-Ethereum Cryptocurrency Holdings
What happened?
Ethereum co-founder Vitalik Buterin shared a list of his cryptocurrency holdings, answering to an AMA session on Reddit ('Ask Me Anything').The AMA post is dedicated the Ethereum leadership and accountability, asking those in leadership positions in the ETH community to share their possible conflicts of interest
What does he have?
Buterin noted that he owns "Non-ethereum-ecosystem tokens" like Bitcoin Cash, Bitcoin, Dogecoin and Zcash, but those makeup less than 10 percent of all of his ETH holdings
Details here
New Samsung Galaxy S10 Smartphone Contains Cryptocurrency Private Key Storage
What is this all about?
Samsung announced the release of its new smartphone, the Galaxy S10, noting that it contains the Samsung Knox function, as well as a hardware-backed secure storage for housing private keys for blockchain-enabled mobile services
What about ETH rumors?
Before the release, rumors had surfaced that the smartphone could possible have a blockchain keystore with an Ethereum wallet option, but this week's launch has no mention of these rumored features
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