Satoshi Summary-Week Ending November 3, 2018

Image by Pete Linforth from Pixabay

Satoshi Summary is a Cryptobellum exclusive named in honor of the pseudonymous creator of Bitcoin. It provides a weekly summary of the most noteworthy developments in the blockchain and cryptocurrency space.

Ethereum multi-millionaire, Jeffrey Berns is planning to build a desert utopia outside of Reno. At the core of Berns’ plan is what he calls a “distributed collaborative entity” that grants ownership rights to residents alongside employees and investors. For crypto enthusiasts who don’t want to relocate to the desert to experience a crypto utopia, there’s always Portsmouth, New Hampshire, Crypto Capital of the World.

On Friday, Electroneum announced the launch of the live trial stage of payment acceptance for Joytel customers in Hong Kong and South Korea. Joytel is a mobile virtual network operator (MVNO) in Asia and one of the earliest MVNO agreements that Electroneum signed.

Yesterday, BitMinutes announced in an email that they completed their Token Generation event and that mobile mining will resume for any customer holding BMTs in their BitMinutes wallet. BitMinutes seems to be taking a play from Electroneum’s playbook. They’ve self-presented as being part of a “financial inclusion revolution” not unlike Electroneum coining the phrase “enablement currency.” They also have a mobile mining component, which came after Electroneum’s success in this emerging space. And yes, I’m well aware that it’s “not real mining” as I’ve been acquainted with bitcoin mining since June 2009. Plus, BMT is not even a coin, it’s an ERC20 token. Regardless, BitMinutes is set to disrupt the developing world by providing micro loans to the unbanked.

P.S. TurtleCoin creator, Rocksteady discovered my June article, Searching for Satoshi Nakamoto and referenced it in a recent tweet taunting once-Satoshi, Craig Wright.

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Cryptobellum is a digital publication of Telesto Studios, LLC focusing on the cryptocurrency market and the underlying blockchain technology that fuels it. Created and managed by Sharon Moran, Cryptobellum also provides original features and covers AI and other technological advancements.