For those who want to really understand blockchain, there's a new library, Coindexter - Technical.ly Brooklyn

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Jul. 21, 2017 12:41 pm

For those who want to really understand blockchain, there’s a new library, Coindexter

With help from some Brooklyn blockchain experts, Jonathan Libov is here to explain what the hell is going on with cryptocurrency these days.

Ready to jump on the blockchain?

(Photo by Attribution Engine user Namecoin, used under a Creative Commons license)

One of the biggest hurdles to understanding the world of cryptocurrencies is… understanding it.

The crypto exchanges are not like a futures market on corn or wheat or even stocks of companies because they’re hypercomplex and there is little news from established research orgs and journalists on them.

Jonathan Libov would like to change that, however, with a new site, Coindexter. The site will be a collaborative library of research papers on different aspects of the blockchain, and geared toward long-term investors.

As the prices of cryptocurrencies have skyrocketed in the last few months, a lot of people have made a lot of money. And that’s brought a whole new population into the crypto ecosystem.

“I hope that Coindexter helps people focus on the fundamentals of blockchain, protocols and other decentralized tech, rather than short-term arbitrage opportunities on cryptocurrencies, which is already pretty well-served,” Libov said in a direct message.

In a blog post, he adds: “Being a long-term investor in blockchain entails many things, and reading the whitepaper is one of them. Looking to survey the literature on ‘sidechains’ or ‘snarks’ to better your thesis? An index of coins and their financials won’t help you there.”

Libov works on product for the medical startup Figure 1 and was previously at Union Square Ventures.

The site was built with help from two prominent Brooklyn blockchain experts, Nick Chirls, of Notation Capital, and Jake Brukhman, of CoinFund.

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Tyler Woods

Tyler Woods is the lead reporter for Technical.ly Brooklyn. He has previously worked in television and as a small town print reporter. He’ll answer if you email him.

  • BaltimoreDenizen

    I would suggest there is a potential moral hazard created here. On its face, this is a good idea, until you get into the finances of it.

    This could encourage MORE guns coming into the city, legal or not, because the sticker price on a firearm (particularly ones sold/traded on the street) is typically far less than bail. This could encourage a thriving gun trade into the city as a means to post bail for, say, drug offenses. So you’d have more guns in circulation, and more people back on the streets in a shorter period of time than they might otherwise be.

    My suggestions are as follows:

    1) Only handguns should qualify. For two reasons:

    The first: Shotguns and non-semi-automatic rifles are cash-and-carry in Maryland, meaning ones friend could get a firearm (if less than the cost of bail which many $300-$400 hunting rifles — like the Ruger American — and shotguns — like the Remington 870 — are) and turn it in, in order to post bail and game this system (unless there are controls against this). Or simply have stockpile of cheap guns to use for bail purposes, which are subject to theft / misuse.

    The second: Firearm homicides in this city are nearly entirely performed by handgun. A whopping 13 murders out of 372, or 3.5% in the entire state of Maryland in 2015 were performed by Rifle, Shotgun, or “unknown firearm”, while 266 or 71.5% were by Handgun. Source: https://ucr.fbi.gov/crime-in-the-u.s/2015/crime-in-the-u.s.-2015/tables/table-20. Despite the fear of assault weapons, and efforts to restrict/ban them, they comprise extraordinarily few of the homicides in the entire state, much less Baltimore City specifically (by the FBI stats, at *most* 2.7% of homicides — basically excluding known shotgun murders and being generous assuming unknown firearms were “assault weapons”)

    2) Antique firearms should be excluded.

    Similar to my first suggestion, anything made prior to 1899 (mostly revolvers) do not require registration as a “regulated firearm” and are cash and carry as well.

    Just some considerations on how to make this effective and avoid some potential unintended consequences.

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