26/ PRIVACY RIGHTS
While crypto entrepreneurs should set clear guidelines on KYC/AML reporting while preserving privacy, peer-to-peer transaction reporting & disclosure requirements on self-custody assets are unconstitutional overreaches. Get a warrant, or we’ll see you in court
While crypto entrepreneurs should set clear guidelines on KYC/AML reporting while preserving privacy, peer-to-peer transaction reporting & disclosure requirements on self-custody assets are unconstitutional overreaches. Get a warrant, or we’ll see you in court
https://twitter.com/harmonyprotocol/status/1476286771608489985
27/ While it is built for decentralization, using crypto for nefarious purposes leaves an excellent paper trail for prosecutors to lock in a conviction. People who build products that aim to serve dark markets almost always get caught & go to jail.
open.harmony.one/stephens-inter…
open.harmony.one/stephens-inter…
28/ LAYER 1 PROTOCOLS
ETH sits at ~60% market cap dominance [vs 98% in early 2021] among Layer 1s, & it’s likely that we’ll see >80% of on-chain EVM transaction volume move to L2 chains within the next year. Time is of the essence as other Layer 1s continue to gain market share.
ETH sits at ~60% market cap dominance [vs 98% in early 2021] among Layer 1s, & it’s likely that we’ll see >80% of on-chain EVM transaction volume move to L2 chains within the next year. Time is of the essence as other Layer 1s continue to gain market share.
29/ Interoperability of state & value is likely to place downward price pressure on layer-1 blockchains that have no monetary premium while enabling strong middleware protocols to achieve cross-chain, where winner-takes-most dominance in their services
open.harmony.one/why-harmony-te…
open.harmony.one/why-harmony-te…
30/ BITCOIN MARKETS
Fears over stablecoins’ independence, censorship resistance or collateralization could lead to more interest in bitcoin-collateralized crypto dollars.
Bitcoin: The king has no real rival... parity with gold would bring us a $500,000 bitcoin
Fears over stablecoins’ independence, censorship resistance or collateralization could lead to more interest in bitcoin-collateralized crypto dollars.
Bitcoin: The king has no real rival... parity with gold would bring us a $500,000 bitcoin
31/ It is expected that wrapped/synthetic bitcoin tradeable on other blockchains will double again in 2022, as more long-term bitcoin holders realize they can borrow more cheaply against their holdings in DeFi than on centralized services.
open.harmony.one/strategy-roadm…
open.harmony.one/strategy-roadm…
32/ BITCOIN ADOPTIONS
Bitcoin futures ETFs approved in October are terrible for non-Wall Street investors.
Even with a fee of 65-85 basis points, they will likely cost closer to 5-10%/year in hidden costs due to their structures, bitcoin’s volatility & the market’s bullish trend
Bitcoin futures ETFs approved in October are terrible for non-Wall Street investors.
Even with a fee of 65-85 basis points, they will likely cost closer to 5-10%/year in hidden costs due to their structures, bitcoin’s volatility & the market’s bullish trend
33/ An earlier approval could have created centralization risks in bitcoin’s money supply - a risk that is minor today, reducing the odds Wall Street can ever manipulate the bitcoin markets. New products will likely go for direct exposure & lower fees
open.harmony.one/strategy-roadm…
open.harmony.one/strategy-roadm…
34/ DAY ONE STARTUP
Crypto companies are simply bigger, faster, more aggressive, and unshackled by the distractions of maintaining 50-year-old parallel TradFi infrastructure.
Therefore, you should work relentlessly hard, shut up and build, and earn your stripes in the world.
Crypto companies are simply bigger, faster, more aggressive, and unshackled by the distractions of maintaining 50-year-old parallel TradFi infrastructure.
Therefore, you should work relentlessly hard, shut up and build, and earn your stripes in the world.
35/ OlympusDAO may be the year’s most important new project, and non-pegged stablecoins may be the best bet this industry has when it comes to de-pegging from the US dollar. The Graph, Helium & Arweave, too reached billion dollar network status this year.
open.harmony.one/yearn-for-vast…
open.harmony.one/yearn-for-vast…
36/ The report caps an epic year for crypto and talks about the key market trends for 2022.
👇Read the #theses2022 by @MessariCrypto
messari.io/pdf/messari-re…
👇Read the #theses2022 by @MessariCrypto
messari.io/pdf/messari-re…
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