2/ On Friday, news broke that Yale’s endowment, led by David Swensen, inventor of the swap (hi Bitmex), had invested in Paradigm, a $400m crypto fund led by @matthuang, @FEhrsam, @_charlienoyes. @APompliano summarized in Off The Stack https://t.co/eq3RVSelAk
— Nathaniel Whittemore (@nlw) October 7, 2018
4/ In other institutional news, early in the week it broke that TD Ameritrade & other Wall Street giants were throwing their weight behind ErisX, a compliant crypto and crypto derivatives market to compete w Bakkt. @fintechfrank & @TheBlock__ w the story https://t.co/W8uICeZxgq
— Nathaniel Whittemore (@nlw) October 7, 2018
6/ Interestingly, @cburniske argued that bear markets are where crypto value capture gets de-risked, arguing that 2018 is de-risking the SoV use case for institutional investors. He also ponders whether governance as a value capture mechanism might be next https://t.co/TsLVdaGFeR
— Nathaniel Whittemore (@nlw) October 7, 2018
8/ The post jumpstarted a huge amount of conversation. One dimension of that was an articulation of Bitcoin specific infrastructure – a set of projects that, for as important as they are, sometimes get crowded out by focus on the main asset https://t.co/Zl8qVT8KzL
— Nathaniel Whittemore (@nlw) October 7, 2018
10/ The idea that apps & infrastructure develop in a cycle doesn’t mean there aren’t some fundamentals that need to be built. In this great thread, @awrigh01 discusses legal primitives – the building blocks of legal exchange that could become programmable https://t.co/MhRy6tkSuO
— Nathaniel Whittemore (@nlw) October 7, 2018
12/ As an aside, from all reports, Crypto Springs was a phenomenal event. For those who couldn’t attend @katherinekywu and @messaricrypto captured interviews with a slew of the attendees and released it as a podcast https://t.co/vujDc9UJM9
— Nathaniel Whittemore (@nlw) October 7, 2018
14/ At the same time, our perspective has evolved as an industry. In this thread, @alexsunnarborg articulates why native payments tokens create friction – and the response was more less “Yup. Agree.” https://t.co/GgTwolQbrF
— Nathaniel Whittemore (@nlw) October 7, 2018
16/ Referencing news that Pantera Capital’s YTD -72.7% was only slightly better then her “Potato Fund” of 10 random coin picks @Melt_Dem reminded us how early we are and that this is part of a normal pattern for new asset classes https://t.co/fN4mnw0xlt
— Nathaniel Whittemore (@nlw) October 7, 2018
18/ For an even deeper historical dive, start with @yassineARK’s thread pulling out some gems from old Bitcointalk and p2P foundation threads, and then go puruse the complete @nakamotoInst archive https://t.co/Es8hpXFKxS
— Nathaniel Whittemore (@nlw) October 7, 2018
20/ One crypto theme that has been present since the earliest days – since before Bitcoin even – is the question of privacy. @AaronvanW has been writing vociferously on the topic, including this recent look at two implementations of MimbleWimble https://t.co/zlMHGMgY54
— Nathaniel Whittemore (@nlw) October 7, 2018
22/ Another gem of the crypto brain space, @QWQiao, explored the theory of the firm as an intellectual predecessor for crypto networks which combine some aspects of firms and some aspects of markets as a new way to coordinate resources. https://t.co/SHWuY3jAwd
— Nathaniel Whittemore (@nlw) October 7, 2018
24/ Speaking of transforming structures, the drums of generalized mining and the notion of venture firms that add value through work not just capital continue to beat. @jbrukh wrote about adventures in staking networks https://t.co/oQcheobOXI
— Nathaniel Whittemore (@nlw) October 7, 2018
26/ Speaking of conversations on the rise, governance is getting more and more of the spotlight as people zoom out and wonder how protocols will be able to adapt to changing circumstances. @VladZamfir wrote a follow up to his last governance post https://t.co/DgHPvSUAmD
— Nathaniel Whittemore (@nlw) October 7, 2018
28/ But then, of course, there’s the issue of what we even mean when we say “blockchain.” @nic__carter argues that the word means too much & too little all at once, and that as an industry as a whole we’ll be better if we eliminate the semantic short cuts https://t.co/0AZQRvuYXd
— Nathaniel Whittemore (@nlw) October 7, 2018
30/ Thanks as always for reading. Let me know what else I missed, and what was important this week, and if you’d like to get LRS via email, sign up here: https://t.co/6WHJY4r6yE
— Nathaniel Whittemore (@nlw) October 7, 2018
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