2/ The core idea animating this is that market narratives are marketing or, at least, that anyone sharing a narrative has an upside – be it financial or in terms of social status. Narratives are attempts at self-fulfilling prophecy. pic.twitter.com/hig23Kvzlq
— Nathaniel Whittemore (@nlw) August 21, 2018
4/ The first category of narratives I’m looking at are “Emergent” – basically new narratives shaping the conversation. Last week saw the emergence of the “ETH Death Spiral” as a thing that was happening, not just a thing that could happen. https://t.co/Y2fbOP9LpB
— Nathaniel Whittemore (@nlw) August 21, 2018
6/ A couple more pieces on the Ethereum skepticism. @JonathanCheesm4 wrote this “wake up call” https://t.co/G3gYcLttQ2 and it was hard to avoid this newsletter last week: https://t.co/MDCTlkr4R6
— Nathaniel Whittemore (@nlw) August 21, 2018
8/ Of course, as Fat Monies is rising, so too are the arguments that belief in the essential importance of crypto as digital money doesn’t preclude being interested in other uses for blockchains. https://t.co/hRmAFOzpi6
— Nathaniel Whittemore (@nlw) August 21, 2018
10/ One more ascendent narrative. A few weeks ago, there was a big hullabaloo about whether holding BTC was free riding. Since then, the notion of holding (store of value) being *the use case* for Bitcoin has gotten much stronger. See @BMBernstein's piece https://t.co/cQf2QrRTYE
— Nathaniel Whittemore (@nlw) August 21, 2018
12/ What about narratives that are floating around but not really a big thing yet? I put these together in a “Watchlist”
— Nathaniel Whittemore (@nlw) August 21, 2018
14/ What if it’s not fat protocols but Fat Apps that can capture value? I’m watching to see if this fat app idea starts to provide a counter narrative for the strict crypto-is-only-good-as-money narrative. Start with this @KyleSamani / @multicoincap piece: https://t.co/wuU4olM0QN
— Nathaniel Whittemore (@nlw) August 21, 2018
16/ So that's the first Crypto Narrative Index. I’m really interested: what are other narratives that you’ve seen that we should be keeping an eye on? What’s emerging?
— Nathaniel Whittemore (@nlw) August 21, 2018
17/ Addendum: One of the arguments under lying a lot of the Fat Monies v. Fat Protocols debates is what accrues value? I love this essay by @robustus and @QWQiao that tries to add real heft to how we define Store of Value. https://t.co/MRd6pl86KP
— Nathaniel Whittemore (@nlw) August 21, 2018
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