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Nathaniel Whittemore
@nlw
, 4 tweets, 4 min read Read on Twitter
Today's Crypto 3@3:

1. Libra second day narrative: maybe it won't launch?

2. OSS funding and a new $450k BTC dev fund

3. Algorand's auction leads to $60m

Referenced links below

pscp.tv/w/b9p9hjE0Nzc1…
1. Libra narrative

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2. OSS funding and BTC dev fund

@La__Cuen on @DoveyWan efforts coindesk.com/hard-core-fund…
3. On Algorand

+@AmberAIGroup primer medium.com/@amberaigroup/…

+@arringtonXRPcap primer arringtonxrpcapital.com/2019/06/17/the…

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Nathaniel Whittemore
@nlw
A hell of an opener if you want to start a war on crypto.

US Secretary of the Treasury won't allow virtual assets to operate in the "dark shadows," or be the tool of "rogue regimes" or "sympathizers of illicit causes."

I.e. crypto = terrorist money.
From FATF comments today home.treasury.gov/news/press-rel…
For the sake of somewhat more dispassionate analysis
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Nathaniel Whittemore
@nlw
Exactly 2 years ago today, @naval posted one of the most viral blockchain threads ever. In the time since, the idea of market networks “governed w/o kings, priests, elites, corporations" reached stratospheric heights, cratered, and is poised for resurgence
2/ June 2017 was heady times. In addition to Naval's thread, @cdixon wrote a piece on open network design that presaged his seminal later piece "Why Decentralization Matters" medium.com/@cdixon/crypto…
3/ Of course, we all know what happened next. A unique combination of friction free fundraising, pent up investor demand, a massive FOMO creating hype cycle and heady ideas of decentralizing the world led ICOs to raise $14b in ~a year, and crashed just as quickly.
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Nathaniel Whittemore
@nlw
It is official: the day 2 narrative is skepticism of the viability of the project (which reflects in part the speed with which regulators took umbrage yesterday).
See also @AriDavidPaul on this
And @mdudas
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