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Long Reads Sunday #31.
You know, at first this week seemed boring. Then tokenized donuts took over a community, Messari went to war, Venezuela’s oppo leader was recognized by the US, and everyone on CT started yelling about "crypto law."
☕☕☕ It's LRS time! 👇
You know, at first this week seemed boring. Then tokenized donuts took over a community, Messari went to war, Venezuela’s oppo leader was recognized by the US, and everyone on CT started yelling about "crypto law."
☕☕☕ It's LRS time! 👇
2/ It’s Sunday morning, so let’s talk donuts🍩Long story short, it was an accidental experiment in tokenized online reputation, that ended up showing off DEXes, deploying a Harberger Tax and highlighting some challenges with holdings-based governance
3/ @brian_armstrong even chimed in, so I think we can safely assume $DONUT is coming to @Coinbase.
In all seriousness though, I think Brian connecting the dots between Donuts and a larger shift in attention economies is right on.
In all seriousness though, I think Brian connecting the dots between Donuts and a larger shift in attention economies is right on.
4/ And hey, speaking of governance, @VladZamfir got all of crypto flapping with his post advocating for a “a new crypto legal system.” I think Kyle’s distillation of the piece “why we should be able to change the thing” is the closest to a TL;DR I saw.
5/ @VitalikButerin joined the conversation, with (to me) his most important argument being that there is only so much to debate without defining examples of (to use @KyleSamani’s language) “what things should we be able to change”?
medium.com/@VitalikButeri…
medium.com/@VitalikButeri…
6/ The best counterpoint I read came from @lex_node, who reaffirmed the idea of social-trust-minimization-via-blockchain but also made the point that different blockchains can deploy different approaches and leave it to markets to decide what’s best medium.com/@gabriel.j.sha…
7/ I tend to think we’re going to see approaches to governance more actively compete for people’s devotion. Don’t like the politics of this chain? Well we’ve got a different politics over here. Then again, in this fun hot takes thread @wheatpond calls BS
8/ Speaking of @wheatpond, his partner at Primitive @doveywan wrote this super interesting thread about how changes in China’s tax system might impact crypto and other assets as capital flees.
9/ While China’s tax system might create incentives to put money into crypto, other states are experimenting with special economic zones to attract crypto business. @hasufl highlights an NYTimes story on Georgia (the country) working to enable mining.
10/ The UK was also in the news with regard to crypto policies. The country’s FCA regulators wrote a piece of guidance rejecting the SEC’s “decentralization test.”
@msantoriESQ with the recap
@PatBerarducci adds thoughts here
@msantoriESQ with the recap
@PatBerarducci adds thoughts here
11/ @katherineykwu meanwhile took the FCA conversation in a different direction, pointing out that countries can and are wading into crypto by providing guidance that is easier to navigate than the US
12/ Part of what makes crypto so hard to regulate is how many different things are meant by the moniker. @_jillruth kicked up a great conversation about how many different types of assets “crypto” really includes
13/ @_jillruth has also been surfacing a ton of high signal content around Venezuela, where this week @jguaido was named interim president (and quickly recognized by the US.
Background:
What Crypto Can Do by @criptodiana medium.com/@aguilardi/the…
Background:
What Crypto Can Do by @criptodiana medium.com/@aguilardi/the…
14/ I also highly recommend a re-watch of @Codiox livestream about Venezuela, hyperinflation, and how people are using Bitcoin.
Eduardo also recorded an Off The Chain with @APompliano that will be out next week. 🔥
Eduardo also recorded an Off The Chain with @APompliano that will be out next week. 🔥
15/ Another key theme from this week was surveillance and the power of social networks. @matthew_d_green noticed a report that WhatsApp, Insta and Messenger would be moving to an integrated infrastructure
16/ @SarahJamieLewis put the implications of the news more bluntly:
“they will build the largest surveillance system ever conceived and will sell it under the banner of consumer encryption.”
“they will build the largest surveillance system ever conceived and will sell it under the banner of consumer encryption.”
17/ WhatsApp also made news on a report that it would limit the number of times a user could forward a message to 5. @antoniogm provides a historical perspective on why this is unlikely to have the intended consequence
18/ If the conversation about the impact of social networks on society is growing, what’s less clear is alternatives. In this thread, I look at the state of crypto-powered alternative social networks.
Do any of them have a chance?
Do any of them have a chance?
19/ As you can see, this week got decidedly unboring. A few more good ones before we wrap.
@danheld riffed on the market narratives are marketing idea and asked what happens when narratives can no longer co-exist.
@danheld riffed on the market narratives are marketing idea and asked what happens when narratives can no longer co-exist.
20/ With so much attention on @grinmw in the last few weeks, it’s a nice shift to explore some of the privacy technology poised to come to Bitcoin itself. Check out @AaronvanW’s piece on Taproot for @bitcoinmagazine
21/ There was some great content over in the world of #DeFi, as well.
First, check out this piece by @mikejcasey about how proof of stake could lead to crypto banking and why we might want to think twice about that coindesk.com/proof-of-stake…
First, check out this piece by @mikejcasey about how proof of stake could lead to crypto banking and why we might want to think twice about that coindesk.com/proof-of-stake…
22/ @jmonegro and @cburniske published their investment thesis around Maker this week.
Read the thesis here placeholder.vc/blog/2019/1/23…
or check out this thread on Maker adoption ($200m in loans in Y1!)
Read the thesis here placeholder.vc/blog/2019/1/23…
or check out this thread on Maker adoption ($200m in loans in Y1!)
23/ @ByteSizeCapital has been crushing the thread game lately, and this post mortem on the 2017-2018 ICO cycle is no exception
24/ Speaking of ICOs - one of @ConsenSysAndrew predictions in this 2019 prediction piece I had missed before is that “The end of token fever will lead to better tokens.” Read the rest for what’s a generally bullish take on the year ahead media.consensys.net/welcome-to-the…
25/ The Bank of International Settlements wrote an essay critiquing Bitcoin proof of work, arguing that it can’t secure itself without the block rewards. @lawmaster does a great job with the summary overview here theblockcrypto.com/2019/01/22/ban…
@lawmaster 26/ If questions surrounding Bitcoin security in the context of a post-block reward world is of interest, @TheBlock__’s @teo_leibowitz gives it a substantial treatment here theblockcrypto.com/2019/01/24/bit…
27/ And of course, I have to mention the huge research report from @MessariCrypto that suggests XRP’s market cap could be overstated by more than $6B, and which is bringing up a larger conversation about circulating supply
28/ Finally, in honor of Holocaust Remembrance Day, let's end with this powerful story of data, conviction and heroism.
29/ Happy Long Reads! To get these via email, subscribe here: getrevue.co/profile/nlw
