This is The Block. I was out of town last week and unfortunately I’ve been playing catch-up this week, so this is going to be light/non-existent on commentary. Enjoy the links below and I’ll return next week with some good stuff!
A Calming Tweet for Troubled Times
In case you’re worried about this sustained bear market…
Anyone seriously interested in this new market should read the paper, not as an authoritative last word, but as a plausible account backed by some data. And here’s a whole Reddit thread talking about the paper–both its flaws and the useful data it presents.
The ICO market has successfully proved the token model for raising capital works, but the failure to deliver value beyond speculative investor returns combined with a Crypto bear market risks pushing this new model into a death spiral.
The purpose of this article will not be to give the news that the SEC revealed that they would not deem Ethereum to be a security. Instead, however, the purpose of this news will be to dissect the SEC’s decision and try to make an educated deduction, based on what they have stated, on how they might rule on other cryptocurrencies in the near future.
No, it’s not the identity of Satoshi Nakamoto, it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activates the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact the security of their funds.
That’s it for today! Thanks for reading.
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