1/ Good report from Coin Metrics. Quantifying "usage" of a cryptocurrency is still generally undefined. It is good to see more objective analysis digging into this.
Generally agree with the data in the report but have some different interpretations.
2/ Our view is that crypto networks are analogous to economies. There is not one unified metric to define the health of an economy. GDP is one variable, distribution of wealth is another (Gini coefficient), etc.
Jun 8, 2019 • 17 tweets • 5 min read
1/ Palley: “any complaint that is decently written by a decent lawyer is going to make the reader think: oh no, that’s bad”
With 2 years and 50k+ documents of source material, anyone could paint a disparaging picture by piecing together sentence segments and truncating context.
2/ While the SEC’s complaint paints a picture of a “failing” business, in reality, Kik, like every other messenger (FBM, WA, Telegram, Snapchat) was indeed not profitable yet continued to find a way to innovate when most others have died or been acquired and repurposed.
