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😤 Binance postmortem; Examining Tether;; The sacred & the profane; Bitgrail theft & counterparty risk

February 12 · Issue #1 · View online
😤 Binance Incident Recap
Changpeng Zhao, CEO of Binance, wrote a postmortem of the recent downtime and DDoS attack, probably setting the baseline for handling incidents like this for all the other exchanges. He talks about what really happened, how they handled the fix, support, communication, the inevitable FUD, and the aftermath. A must read.
One of our team members threw up, literally.
🧐 A Closer Look At Tether’s Blockchain
Alex Vikati and Edwin Wong did an excellent analysis of the Tether blockchain, using data to highlight what’s been happening on-chain: the addresses, the relationships among them, supply ownership, and the transactions themselves.
Yes, the top 0.2% owns over 90% of the token’s total supply. This is more than double BTC’s wealth concentration.
🙏🏼 A New Beginning:
Taylor Monahan details the journey from MyEtherWallet to, highlighting the challenges of building a product, the impact of Ethereum’s success, supporting users, and their plans for the future. Rooting for her and the team.
😮 The Sacred and the profane
An amazing work by Pascal Bouvier, showing the parallels between the printing press and cryptocurrencies, specifically on the former’s impact on the catholic church and how the latter will affect the banking and financial system. He then goes on to outline what blockchain and cryptocurrencies have already proved to be possible, the remaining work needed, and a reason to be hopeful for the future.
💸 Thoughts on BitGrail theft and counterparty risk
A twitter thread by @notsofast on the recent BitGrail theft, our relationships with exchanges in general, the inherent risks involved and how we need to think and deal with them.
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