And it is showing up on Substack!
Mainstream media is missing out on these stories.
There are so many exciting stories to tell in technology. Mainstream media serves an important function in society holding functions accountable, but when the entire incentive system is build on who can tear something down, there are great stories that will be missed.
Not to mention the inherent conflict, working in an industry that was disrupted by tech. We wouldn't ask Pepsi for an unbiased review of Coke, and we can't ask mainstream media for an unbiased review of tech.
Hit pieces may drive clicks, but they are addictive like sugar or instagram likes, should only be used responsibly.
My guess is that all media (new and old) can adapt to this new world, drive new business models, and drive thoughtful stories that help advance society.
Meanwhile, I'm glad we have innovation happening here with articles like this from Noah Smith.
Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.
For those who don't know - self-hosted crypto wallets (also known as non-custodial wallets or self-custody wallets) are a type of software that lets individuals store and use their own cryptocurrency, instead of needing to rely on a third party financial institution.
Self-hosted crypto wallets are important, because they allow anyone to use this new technology to access basic financial services - just like anyone can use a computer or smartphone to access the open internet.
In the wake of other companies struggling with Apple's App Store restrictions, I want to share a bit about Coinbase's own struggle here.
Many companies are reluctant to speak out on these topics for fear of retaliation, but I feel like we need to continue the dialog in the open.
We've tried discussing this through regular channels with Apple, and I reached out directly to leadership to request a dialog, but we seem to be at a dead end.