, 37 tweets, 22 min read Read on Twitter
Long Reads Sunday #42.

Who woulda thunk it? After all the tension, infighting, and tribal bickering, the thing that gets us to set aside differences & unite against a common foe is a threat to dox a spacecat.

Saddle TF up, it’s Long Reads time! 👇

Image: @CryptoScamHub
2/ Here’s the TL;DR. Craig Wright, who is absolutely and most definitely Satoshi, upped the stakes on his campaign against those who claimed otherwise by offering a $5000 bounty to reveal the identity of @hodlonaut (aka the person who kicked off the #LNtrustchain)
3/ It was a step too far.

Pomposity, outlandish claims, and outright scams are par for the course in crypto. But an outright attempt to dox someone is a straight up “fuck you” to everything anyone legitimately in this space believes in.
4/ #WeAreAllHodlonaut was born.

First, legal CT joined the cause.

Baltic Honeybadger, an event that was targeted responded medium.com/@hodlhodl/offi…

Even CZ stepped in.
5/ With threats of lawsuits flying around like plagiarized ICO white papers in December 2017, some took the opportunity to point out the absurdity of the whole thing.

Here’s the threat @PeterMcCormack received

And response
6/ At the end of the day, I think @jchervinsky got it right with this take. It’s good too see moments when, despite all the disagreements, the community finds common cause when a core value is threatened.
7/ Everyone: Okay, enough of this UNITY bullshit! Today’s the premier of the last season of Game of Thrones! Where the hell is our disagreement and battle for crypto coin supremacy?

Crypto: hold my beer
8/ First up, let’s hope on over to Ethereum where the @AragonProject community is debating whether to buy DOTs required for a parachain on @polkadotnetwork.

@Ameensol fought back through the process
9/ For @econoar, however, it was exemplary of why on-chain coinvote governance is problematic.
10/ Over in the land of #DeFi, there are large and growing questions about Dai’s ability to maintain it’s peg (and whether the stability fee is enough to manage it). @WarcMeinstein’s comments on @bennybitcoins threads are reflective
11/ Then, of course, there are the barely launched projects with nine figure ecosystem funds and endlessly recursive relationships between protocol teams and capital allocators.
12/ Indeed, one of the major issues at the moment is treasury. Back in Ethereum, there is a serious and sometimes heated ongoing conversation about protocol level funding and the right ways to incentivize developer contributions.
13/ Questions of treasury aren’t unique to Ethereum, of course. @Shaughnessy119 breaks down recent trends in project funding approaches.
14/ In this LRS Takeaway video, @Shaughnessy119 notes that 1) projects need money to continue; 2) treasuries = fork resistance; and 3) that community-allocated treasuries are likely to be a continuing trends.
15/ Finally in this quick rundown of controversial conversations, if you’d just like the crib notes on the key question for each community, @RyanSAdams has you covered with this thread on hard questions.
16/ Another great place to get a sense of everything trending - controversial & otherwise - is the new Quarterly Macro Outlook from @Delphi_Digital. I contributed my latest #NarrativeWatch piece about 5 conversation I see shaping the crypto conversation.
17/ One of those convos picking up steam is the return of token sales in the form of Initial Exchange Offerings. This week, @derek_hsue from @BlockchainCap shines a light on IEOs in the context of what they do for the underlying exchange’s native token. medium.com/blockchain-cap…
18/ When it comes to IEOs, I tend to agree with @cburniske’s assertion that we’re at the beginning rather the end of experiments in capital formation.
19/ Regardless of one’s thoughts on IEOs, the power exchanges have in shaping the crypto markets right now is undeniable. To dig deeper with how one of the biggest in the space sees things, check out @Venturecoinist latest interview with @CryptoHayes.
20/ Speaking of trying to track the forces shaping the industry, one of the things I spend the most time on is the global crypto landscape, which often tells a very different story than here in the US. Let’s dig in a bit on that.
21/ As hinted with Nic’s tweet above, one of the big global “stories” was a rerun of China-bans-Bitcoin-mining. To get the details that go beyond either sensationalism or denialism, check out @katherineykwu’s essential thread
22/ @Boxmining had a slightly different take. Assuming the ban goes through, he thinks miners will “comply” in a very “let the government show that we’re complying” sort of way while mining goes on unabated
23/ Another interesting observation from the global crypto scene came from @AlexShin, who pointed out the disparity in financial user experience between crypto and traditional fiat in the Korean context.
24/ Let’s bop on over to Europe for a second where the French National Assembly actually made it easier for life insurance companies and pensions to invest in crypto. Given how huge the resources those types of firms allocate, it seems like a big deal.
25/ Speaking of Europe, @hasufl flagged this fascinating piece by @Galois_Capital on how a European debt crisis might impact the price of Bitcoin.
@hasufl @Galois_Capital 26/ And speaking of debt, @_jillruth was tweeting from #DebtCon3 earlier this week during a conversation about central bank digital currencies (CBDCs), sovereign digital currencies, and state-ICOs.
27/ Back home in the ol’ US of A @CaitlinLong_ lamented the current state of the #TokenTaxonomyAct, including the significant watering down of the definitions of digital tokens.
28/ In more positive regulatory news, however, @blockstack announced that it was filing for a fully compliant, Reg A exempted $50m token offering. Reg A is a more difficult compliance, and the sale could set a good precedent.
29/ With positive, regulatory compliant offerings like Blockstacks, the crypto space makes it more accessible to institutional actors. In this piece @wences argues why most allocators should have at least a small hedge into Bitcoin. kanaandkatana.com/valuation-depo…
30/ To get a better sense of exactly what the state of the market is, as institutional investors see it, check out the livestream recap from @arca’s second annual #FO256 event, hosted by @DavidJN79 ar.ca/fo256-live-str…
31/ If family offices getting hotter on crypto isn’t enough to get you going, how about the biggest YouTuber in the world moving his streaming to a crypto platform? Lots to dissect, but affirms the interest in alternatives to today’s centralized networks.
32/ Okay okay, we’re already in the 30s and this LRS is getting a little long. I know you have the GoT premier to get to, so let’s do just a few more sundry gems.
33/ DEXes are one of the more interesting pieces of infrastructure coming online, complete with new arbitrage models that surround them. For some fascinating thinking around decentralized exchange arbitrage, check out this essay and thread from @phildaian
34/ From the new metrics and models files, the inimitable @woonomic and @kenoshaking share here two new models: Cumulative Value Days Destroyed (CVDD) and Balanced Price.
35/ Finally, as I was prepping LRS, I saw @nic__carter drop a new 27-minute-read essay on scaling Bitcoin and proof of reserves. I haven’t had a chance to read the full thing, but knowing Nic I’m comfortable putting a downpayment on this as essential. medium.com/@nic__carter/h…
36/ Okay, let’s call it there! There are even more good pieces I could point to this week and every week. With that in mind, you can now keep track of what I’m tracking via this @MessariCrypto board. boards.messari.io/b/long-reads-s…
36/ As usually, please let me know what I missed and what you loved. Sign up for LRS via email here - special goodies this week for email subscribers only. getrevue.co/profile/nlw And now, it must be said…WINTER IS HERE!
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