2/ Let’s start big. On Friday, the parent group of the New York Stock Exchange announced a new crypto ecosystem with partners like Microsoft and Starbucks. Some called the announcement – and the institutional validation it implied – the news of the year. https://t.co/XnRKxAIGrz
— Nathaniel Whittemore (@nlw) August 5, 2018
4/ @CaitlinLong_ made the interesting point that this sort of Wall Street involvement actually had another hidden downside – financial claims to bitcoin not backed by actually bitcoin that effectively decrease BTC scarcity. https://t.co/BsgiiYsBsn
— Nathaniel Whittemore (@nlw) August 5, 2018
6/ A lot of this discussion comes down to what market narratives we use to make sense of what's happening around us (“interest on the part of institutions will drive price higher”) and how we’re left scrambling when the world doesn’t seem to align with them.
— Nathaniel Whittemore (@nlw) August 5, 2018
8/ When it comes to *when* that bull market comes, @TuurDemeester offered a different narrative altogether, arguing that Bitcoin is unlikely to see new highs in 2018. Must read for recent historical perspective on the industry https://t.co/sMKQxfvLd9
— Nathaniel Whittemore (@nlw) August 5, 2018
10/ Related, @csheffield3 wrote a really interesting piece on Token Economy looking at ETH as a long term national security asset. This one might be better with a whiskey than a coffee. https://t.co/JrlCJulusl
— Nathaniel Whittemore (@nlw) August 5, 2018
12/ To dig deeper into the currency black market specifically, check out this piece on NPR’s @planetmoney https://t.co/wYdUlkVvNt
— Nathaniel Whittemore (@nlw) August 5, 2018
14/ Also consider this thread from @cburniske that takes the dimensions of crypto polity up another level, arguing that there is a supranational “Republic of Value” emerging that significant restricts any one national jurisdictions ability to stamp it out https://t.co/izlk2xsQFE
— Nathaniel Whittemore (@nlw) August 5, 2018
16/ In that spirit, here are a few more great pieces from this week.
— Nathaniel Whittemore (@nlw) August 5, 2018
18/ In Token Economy this week, @yanroux and @stefanobernardi highlighted a conversation prompted by @jbrukh about how the narrative of “crypto investor" is evolving to mean something closer to “network builder” https://t.co/FFWodP8eZa
— Nathaniel Whittemore (@nlw) August 5, 2018
18/ In Token Economy this week, @yanroux and @stefanobernardi highlighted a conversation prompted by @jbrukh about how the narrative of “crypto investor" is evolving to mean something closer to “network builder” https://t.co/FFWodP8eZa
— Nathaniel Whittemore (@nlw) August 5, 2018
20/ Then, if you’re prepared, get ready to go real deep with this 4,000 word tome on crypto governance by @Steven_McKie which argues that a set of different, loosely-coupled groups all have different roles to play to advance protocols https://t.co/q0pN3AUmR2
— Nathaniel Whittemore (@nlw) August 5, 2018
22/ I also really liked this conception by @daltonan of an NFT category of “Cosmetic Collectibles” – skins/avatars that could be ported across games in an interoperable way without disrupting in-game economies. https://t.co/nBKXJ9EzMP
— Nathaniel Whittemore (@nlw) August 5, 2018
24/ I literally couldn’t decide which of @Melt_Dem’s ⚔️🔥🤘 threads to focus on, so screw it. Here are three. Read all of them.
+ on token holder activism & Tezos https://t.co/yEC8pyQhqX
+ on liquidity https://t.co/ObWLRJdeX0
+ on the role of VCs https://t.co/7d62KpX4bn
— Nathaniel Whittemore (@nlw) August 5, 2018
26/ Phew. Like I said, just another week in crypto. What’d I miss? What were the best things you read this week? What conversations do people need to be a part of?
— Nathaniel Whittemore (@nlw) August 5, 2018
Just noticed a new format from @mdudas and @TheBlock__ that recaps/summarizes great Medium writing. All about this and excited to see it evolve. https://t.co/3gxLSpnzkY
— Nathaniel Whittemore (@nlw) August 5, 2018
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