This week’s news was dominated by stories out of Blockchain Week and the Consensus 2018 conference held in New York City. There was free beer served from an ID-validating dispenser, Warren Buffet was criticized for his “rat poison” view of cryptocurrency, and there were plenty of business announcements, including news from eToro, Netki, Bitmain and Circle. Catch up on these stories and more in this week’s Bitcoin Magazine review.
Featured stories by Amy Castor, Colin Harper and Kyle Torpey
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Fred Wilson Explains Why Warren Buffett Doesn’t Get Bitcoin [2]
In his 2018 annual shareholder meeting at Berkshire Hathaway recently, Warren Buffet referred to bitcoin as “rat poison.” Venture capitalists Fred Wilson and Balaji Srinivasan had a chat with Wall Street Journal reporter Paul Vigna on the mainstage of Consensus 2018. The pair of tech investors pointed out the differences between Buffett’s approach to investing and how the crypto asset market works.
Civic Demos Proof of Concept With Beer Vending Machines, Launches ID Codes[3]
Blockchain identity verification platform Civic[4] has emerged from Consensus 2018 with a project that imagines a network of validators and service providers who work together to verify individual identities. Conceptually, new users would put identity information on a smart contract that would get validated with references on the blockchain that attest to its validity. Then service providers can request to validate said information, which would streamline ID checks and help prevent against fraud.
Civic showed a working proof of concept using their Civic app. Anyone verified on the platform can scan a QR code to prove that they’re of legal drinking age. In a partnership with Anheuser-Busch, Civic
