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The Most Important Bitcoin News of the Week: SEC Statement

Today when reading the morning headlines, I noticed the following three articles, all expressing skepticism about the current state of bitcoin growth - all from sources that have been typically fairly 'pro' bitcoin:

Wired: BitCoin is Soaring - Here is Why It's Not Ready for the Big Time 

Ars Technica: I used to be a bitcoin bull—here’s why that changed

Preethi Kasireddy: Fundamental challenges with public blockchains

These all discuss a number of technical challenges to BitCoin and are all very well written and worth the read. However, not one of them mentions the single biggest thing to happen in BitCoin news this quarter, which is the statement from SEC Chairman Jay Clayton released as of this Monday, December 11, 2017, entitled:

Statement on Cryptocurrencies and Initial Coin Offerings

A few choice tidbits:

Tokens and offerings that incorporate features and marketing efforts that emphasize the potential for profits based on the entrepreneurial or managerial efforts of others …
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Why Stack Overflow Doesn’t Care About Ad Blockers – Stack Overflow Blog – A destination for all things related to development at Stack Overflow

As an interesting follow-on to Wired's article earlier today, see the this post by StackOverflow regarding its advertising policy:

But really: anything that doesn’t speak specifically to the Stack Overflow audience is not permitted. We also don’t accept rich media like animated ads, expandable ads, or video, which are the norm for most publishers today. This strict policy means we leave money on the table, but our team wants to protect Stack Overflow from those kinds of ads, as they run the risk of alienating that established trust.For those of you that don't know, StackOverflow is a forum where users go to post software development / programming questions and answers. It is one of the single most valuable resources available to any developer out there - I have used it more times than I care to count. To put it mildly, they have very high street cred, and this policy seems totally consistent with that reputation.



Well done, StackOverflow.
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Apple is not Vertically Integrated (Response to 'Why Big Companies Keep Failing: The Stack Fallacy' | TechCrunch)

Why Big Companies Keep Failing: The Stack Fallacy | TechCrunch: Apple continues to successfully integrate vertically down  — building chips, programming languages, etc., but again has found it very hard to go up the stack and build those simple apps — things like photo sharing apps and maps.

This is super confusing to read from Techcrunch. Surely @anushublog is aware of the fact that Apple is not an OEM and is actually nowhere near vertically integrated? They are a design shop, and up until very recently, 100% of their manufacture was outsourced.



Additionally, one of Apple's core competencies is its software - iphoto is actually great. Apple Maps is not amazing - but certainly way better than it used to be. Apple's messenger app is great. Its mail app is great. Its video editing software (Final Cut Pro)  and music editing software (Logic Pro) are actually industry standards.



This is pretty careless, IMO. Maybe the point is that Apple is bad at making social-media apps? Well, m…
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