Redhat sells out to IBM

https://www.zdnet.com/article/how-the-cloud-wars-forced-ibm-to-buy-red-hat-for-34-billion/

The one real big open source success story and example for every business who wanted to be like redhat just lost the biggest example.   Who knows the entire story here , but if Redhat was forced to or wanted to sell to big blue IBM, it kind of kills the philosophy that you can actually run a legit open source business and make money.  And Redhat sold licenses so it wasnt even like they operated as Apache or MIT. 

It'll be interesting to see how this plays out.  Probably a good move by IBM. 

Don't use Coinbase.

https://mashable.com/article/sec-coinbase-complaints-fraud/

There are many stories like this. And worse.   Coinbase has been great for getting average non Technical users into crypto with their ease of use and mobile app.  But they are worse than the banks people complain about.  And with none of the actual benefits the big banks offer. 

The reality is coinbase has no legit customer service or the support either doesn't care or can't do anything.  They overcharge and blame others.    They hold money for months.  Their shift card partner is another terrible company in itself and money seems to disappear or charges  get denied and you have to delete and reinstall and configure over and over. 

The sad reality is coinbase could have pushed crypto and blockchain to the masses in a great way, instead they are just more overlnflated egos from wall street who founded a company and created a wall street like company without the wall street  benefits.  

Stay away from Coinbase.  

Nonsense blockchain articles

https://www.businessinsider.com/ioex-iot-solution-cut-costs-2018-10

This article sounds like a sales pitch with random key words thrown together and there isn't anything in the article that actually tells you what or how it works or will work.  But it's really the norm now and the fake nonsense marketing news is all we get from the shills.  And the fan lemmings who bow down to nothing and don't even know what they are talking about. 

   The IOT space has a ton of challenges and new and old Technologies. As well as legacy philosophical mindsets at times.  Many challenges won't be technological at all, but political and psychological.  Add to that some blockchain and crypto and AI and RPA and then you read nonsense articles that Proclaim they have conquered it all in an open source world , yet offer nothing to where they actually solved any of the problems in one space much less ten different verticals. 

  I spoke with one company who basically blocked me from asking any more questions because I was honestly interested in how they solved the Ethereum scaling and latency challenges as well as the computational challenges AI presented.   And they solved iot security vulnerabilities.  It was really promising if they figured any of them out. Yet they had nothing of value to add and honestly didn't even seem to realize any of these challenges existed in the first place.  At a certain point it's obvious many of these companies are just full of nonsense.

Walmart blockchain .. hyperledger really

https://www.bloomberg.com/news/articles/2018-09-24/walmart-sam-s-club-start-mandating-suppliers-use-ibm-blockchain

  So Walmart is forcing their suppliers to use hyperledger fabric blockchain.  It's heavily IBM influenced, probably some kickbacks with them, but being hyperledger is open-source, there could be some valuable ways to integrate and use. 

Proof of stake ... A better way ?

Has pos, and not just theoretical, been figured out ?

https://www.coindesk.com/the-creator-of-proof-of-stake-thinks-he-finally-figured-it-out/

One of those hope tomorrow is a better day

One of those days where not a lot of real news , but a lot of losses.   Maybe tomorrow will be a better day.   But I'm not sure most altcoins or even Ethereum will last.  

    Most won't go to zero, but as everybody loves to Proclaim "remember the early internet in 1995" memes almost all of those internet companies didn't last.   Microsoft and Apple were not internet. Apple was practically bankrupt back then too and irrelevant. And kind of missed out early on and Microsoft was soon broken up.
 
Google came later and stole the thunder from the Yahoo's and altavista's and so on.   Netscape and Prodigy and CompuServe disappeared.   AOL and their free 3.5 inch disks became irrelevant.   Even Amazon wasn't really internet.  They were an online book store that sold cheap books. 

   So taken with a grain of salt things like Ethereum and Litecoin and others are great early adopters to push things forward and the Vitalik's and Lee' and many others may go on to form various startups, but most of the early companies disappear. I think a lot of the hodlrs who dream of 100 bucks becoming a million  will be depressed in a few years.  

And blockchain and decentralized have many advantages, but most tokens are pointless.   And two thousand tokens are definitely a mostly pointless endever.    But maybe a cardano will eventually have a "real" platform. Or not.   Or a fixed Iota for autonomous cars.    Or a Square token payment system. Or QTUM or something we don't even know about yet. Or real quantum computing will change everything. 

Time will tell, but an interesting space to be in.

https://cointelegraph.com/news/crypto-markets-see-sharp-decline-as-total-market-cap-drops-12-billion-in-one-hour

BITCOIN HASHRATE HITS NEW RECORD WITH 50% GAIN IN AUGUST

Bitcoin hashrate records record gains in August 2018.  Good stuff.