2/ Within hours of last week’s LRS @Melt_Dem went and dropped what became and stayed my favorite thread of the week: Decentralization Is A Myth. TL;DR we should identify the outcomes of decentralization we’re striving for. https://t.co/Pky2Dq22eJ
— Nathaniel Whittemore (@nlw) August 26, 2018
4/ For those screaming that even if there are benefits, who cares because decentralization is a pipe dream, I’d point you to this piece that looks across 8 different risk factors that make centralized monopoly networks susceptible to disruption https://t.co/8P4ly5dr4X
— Nathaniel Whittemore (@nlw) August 26, 2018
6/ For now, it remains theoretical, as the SEC iced the full monty of derivative-backed bitcoin ETFs. @jchervinsky broke down the decision, saiying they want (i) a surveillance-sharing agreement (ii) with a regulated market (iii) of significant size.” https://t.co/qc8ef0k3h4
— Nathaniel Whittemore (@nlw) August 26, 2018
8/ @wheatpond’s attitude about the China regulatory activity is full Goldblum “life finds a way” non stress, calling the ban a “complete nothingburger” https://t.co/xsWHbHga9i
— Nathaniel Whittemore (@nlw) August 26, 2018
10/ Another regulatory-related concept this week came from @LindsayxLin’s essay “Regulatory Tribalism” arguing that crypto needs a nimble coalition system that can organize groups w/ divergent beliefs to come together to combat regulatory threats at will https://t.co/z7KmodVLrr
— Nathaniel Whittemore (@nlw) August 26, 2018
12/ Coalitions, however, are unlikely to come easy. In this great piece, @tonysheng uses the psychology of mass movements as a lens to understand the tribalism that forms a central part of the crypto conversation in these early days https://t.co/ojbB5v8f3n
— Nathaniel Whittemore (@nlw) August 26, 2018
14/ Relatedly, @robustus and @QWQiao provide a deep dive into the first and second order properties that make a token a good SoV candidate, including immunity to theft, credibly low inflation, low cost of conversion. https://t.co/3YS3dJxT55
— Nathaniel Whittemore (@nlw) August 26, 2018
16/ Of course, it’s always useful that, as we debate the properties that make tokens better or worse stores of value and prohibitive contenders to become digital money, we remember why it matters. In that vein, read this essay by @sonyaellenmann https://t.co/xsP40HRMI7
— Nathaniel Whittemore (@nlw) August 26, 2018
18/ One of the underlying concepts animating Bitcoin (and now, newer phenomenon like NFTs) is the idea of bringing scarcity from the physical world to the digital world. Check out Vijay’s historical trajectory of scarcity here: https://t.co/1zqJCIcylW
— Nathaniel Whittemore (@nlw) August 26, 2018
20/ A narrative I’m watching at the moment is the concept of crypto token buy backs – where projects use capital reserves to purchase tokens back from holders. It’s started to happen in a few places, as pointed out by @venturecoinist responding to this: https://t.co/Bzh4oAXytx
— Nathaniel Whittemore (@nlw) August 26, 2018
22/ @danheld has been crushing the thread game, quickly becoming one of my favorite CT accounts. This one going for the throat of Lightning critiques is an incredibly useful introduction to layer 2. https://t.co/WiITrpp0aW
— Nathaniel Whittemore (@nlw) August 26, 2018
24/ Those paying attention to the FOMO3D game know that it ended surprisingly and suddenly. @glyphxzero provides an overview: https://t.co/XnWXwFKC5M
— Nathaniel Whittemore (@nlw) August 26, 2018
26/ For those looking for more resources like LRS throughout the week, I continue to be impressed by the @MessariCrypto article approach. Summaries are an order of magnitude better than links alone. https://t.co/psNz3oVDdE
— Nathaniel Whittemore (@nlw) August 26, 2018
28/ Finally, for fun, let’s leave it on a debate. Will there be millions of tokens some day? @spencernoon thinks so. Highly recommend adding to what has become a great discussion. https://t.co/DkgCJOp79M
— Nathaniel Whittemore (@nlw) August 26, 2018
Token Economy just came out and @yanroux and @stefanobernardi went deep on Fomo3D. Check it out: https://t.co/YMGrkkZIfC
— Nathaniel Whittemore (@nlw) August 26, 2018
Another really good thread – in conversation form – about decentralization: https://t.co/F0Jqtk6rs2
— Nathaniel Whittemore (@nlw) August 26, 2018
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