User talk:Ellenchannn/sandbox

In your sandbox (Links to an external site.), write a few sentences about what you plan to contribute to the selected articles. Think back to when you did an article critique. What can you add? Post some of your ideas to the article's talk page, too. Compile a list of relevant, reliable books, journal articles, or other sources. Post that bibliography to the talk page of the articles you'll be working on, and in your sandbox. Make sure to check in on the Talk page to see if anyone has advice on your bibliography.

Improving existing articles?

Identify what's missing from the current form of the article(s). Think back to the skills you learned while critiquing an article. Make notes for improvement in your sandbox (Links to an external site.). Keep reading your sources, too, as you prepare to write the body of the article.

Bitcoin ATM article
Bitcoin ATM article In "History" section, update on lead players and how they have expanded since the page was last updated -- ATM operator Coinsource has the highest number of bitcoin ATMs (54), then it is EasyBit, which has 50 Bitcoin ATMs.

Peer Reviewer:Explain the importance of these lead players and how they have directly impacted the production and distribution of bitcoins? Would be good to expand on both the positive reception and the controversy/ criticisms of the BitCoin. This could also be tied to the history of its development and how these lead players may have/ may have not played a role in producing these reviews. It would be interesting to see how the ATM was able to gain enough attention/ investment for it to be institutionalized. What were the challenges with expanding its growth/ how successful or not successful have these ATM's been in affecting accessibility/ usage?

Peer Review Response: I think the controversy/criticisms of BitCoin would be more relevant on the official BitCoin page, however, I can try to find the controversy of these ATMs machines -- that might be interesting. I can also try to find a timeline of the different Bitcoin ATM players and why the competitive landscape has changed. I think how the ATM was institutionalized is a good point. I will also look into where these ATMs are legally installed. Will also find the challenges for expansion and more legal problems.

Robocoin — The First Bitcoin ATM (New Article)
Robocoin provided one of the first Bitcoin ATM machines in Vancouver in October 2013. . By 2014, Robocoin had around 45 machines globally. These Bitcoin ATMs are like regular ATMs but with different compliance features such as ID doc scan. The machines were sold in three variations ranging from $15,000 to $35,000 per machine. Robocoin closed down in 2015.

Peer Reviewer: Would be good to explain who invested in RoboCoin/ who were the competitors in its development? How did Robocoin gain its reputation and how was the reputation impacted by 2015 (when it closed down?). Explain key advocates/ opponents of RoboCoin esp. in response to policy fears regarding centralisation. Maybe explain how similar technologies have sprung up due to the development of the RoboCoin and how new conversations/ discourse is emerging regarding this technology.

Peer Review Response: I will look into the investments and initial competitors. Will also explain who the opponents of RoboCoin were, and see if these issues apply to Robocoin specifically or to the general Bitcoin ATM company.

Process of Withdrawing Money Users scan hands for identification purposes, then money comes out of the Bitcoin ATM through a virtual wallet on their phones. Then, users receive a QR code and a receipt.

Peer Reviewer: Maybe find quotes/ reception about the launch of RoboCoin- did this make it more convenient for users? Were there criticisms/ skepticism about its development?

Peer Review Response: I will try to find a credit source with quotes, but that might be a little tough. However, I will see if there is any skepticism about the development of the fastened process

Campaign against Robocoin Robocoin's CEO, Harrison told one of its operators that he could continue with the Robocoin 1.0 version on his ATMs, but later enforced Robocoin 2.0 and received allegations for centralization.

I also plan to explore regulatory issues faced by Bitcoin ATM machines companies and Robocoin and who has gained market power after Robocoin closed down.

http://www.forbes.com/sites/kashmirhill/2013/10/31/why-are-people-so-excited-about-a-bitcoin-atm/#4a3c607b539f

Peer Reviewer: This is a great focus! Definitely make sure to include info about key players before and after it shut down!

Peer Review Response: Thanks! I will definitely look into the key players.

The Social Wallet (New Article)
The Social Wallet is a project designed to offer users to store and exchange fund for free. The Social Wallet Organization is a non-profit. Users can access to the wallet, regardless of geographical location and access to banks, in real-time. It allows users to spend money at anytime without limitations and without fees.

Funding

Campaign

Peer Reviewer:Discuss the reception around the social wallet- positive/negative. Who are their funders? How have they gained enough acclaim to be worthy of a wiki article? What has their impact on society been/ what have been the results and conversations related to this impact?

Peer Review Response: This is a good point. The project might not be scaled big enough to be worth a wiki-article. I will look into the wiki guide to double check that.

Bitfinex Hack (New Article)
The second-biggest breach of a Bitcoin exchange platform, Bitfinex, caused 120,000 units of digital currency bitcoin, which is about $72 million, to be stolen. The news was announced on August 23, 2016 and the company has not decided how to address losses. The bitcoin was taken from users' segregated wallets and Bitfinex has been tracking down the hack. Significant hacker funds transactions were signed off by Bitfinex's security provider, without full security.

Law Enforcement and Loss Incurrence The U.S. Commodity and Futures Trading Commission ordered Bitfinex to pay a $75,000 fine for offering illegal off-exchanged financed commodity transactions. The terms of Bitfinex stated that “bitcoins in your multi-signature wallets belong to and are owned by you,” and imposing losses on customers who were not hacked would breach the terms. . However, users would receive another asset called BFX tokens in exchange for the loss that customers suffered from. These BFC tokens could be redeemed by Bitfinex or by its parent company, iFinex.

In september 2016, Bitfinex announced that it had bought back over 1% of the BFX tokens to pay customers back for the losses. The USD/BTC exchange rate rebounded to over $600 from $540, the price after the hack, after the announcement in hopes of further equity conversion and redemption of BFX tokens.

I plan to dive further into how customers are paid back and any legal breaches Bitfinex has when it transferred losses to customers.

Peer Reviewer:Good idea to talk about the legal breaches and the system of reimbursement. How has this impacted the trust/ reception people have about BITCOIN?

Peer Review Response: Yes, I will incorporate the legal breaches and governance and a little of people's change in perception but perhaps not too much because I don't want the article to be too biased.

Lack of Bitcoin Governance There is no obligation for intermediaries to verfiy users' identity. Bitcoin transactions are irreversible and there is no way for users to reverse an unwanted transaction. Bitcoin is unlikely to fall under the definition of securities because securities are "any note, stock, … transferable share, [or] investment contract." Currencies, which bitcoin is more similar to, are excluded from securities laws. However, there is also an increasing number of people treating Bitcoins as investment opportunities. However, the SEC has shown flexibility in that regard: a federal judge in Texas qualified Bitcoins as securities in a case.

Peer Reviewer: Would be good to explain that specific case- plaintiffs, defendants, outcomes. Did this set a certain precedent for future cases? What impact could this legal language have on how bitcoin is utilized or regulated? Have their been suggested bodies of governance? What were the conversations/ critiques about these suggestions? Have there been recent developments to address this issue?

Peer Review Response: This is a good point, I will add the legal language changes from this case, and if any government bodies have taken initiative to tackle this problem.

Causeway Bay Books disappearances Article
This is not related to a particular social movement we talked in class but I found more things to add.

Under the Disappearances for Gui Minhai, the following could be added: Gui's daughter who is in the U.K., did not think that her father returned to China out of his own will.

Under Lee Bo's section: The Hong Kong police received a nine-word notification from the Chinese province of Guangdong that Lee was in China but there was no specification of what he was doing there. The Hong Kong Secretary of Security had written to request access to Lee and has not received any information on the other missing men. The Phoenix TV reported that Lee voluntarily handed himself over to the Chinese to assist in investigations but his travel document was found after the disappearance. There was no record of Lee crossing the border to mainland. The U.K. said the Lee most likely did not voluntarily hand himself to the Chinese government.

Peer Reviewer:Consider why this is impactful to write about? How does this controversy relate to greater socioeconomic conditions/ existing markets?

Peer Review Response: I wanted to write about this because I am doing my presentation on the Umbrella movement in Hong Kong and this points out the tension between China and Hong Kong. — Preceding unsigned comment added by 2607:F140:400:A00C:30FF:9FBF:2D6C:CFB9 (talk) 23:14, 8 November 2016 (UTC)