Several happenings in the blockchain space this week: Bitcoin’s SegWit update has activated, Bitcoin hit a record price of $4,400, and several new token funds were announced. While this news is exciting, the more important elements to consider when evaluating how this space will evolve over time are the fundamentals of the technology - how can blockchains scale? are they truly secure? are tokens a flash-in-the-pan or a new paradigm for capital allocation?
This week’s newsletter focuses on the fundamentals, which are the most important parts to watch when strategizing over the long-term.