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Where the Wild Things Are

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Welcome to The Block. I'm Jeremiah Lewis, a crypto-enthusiast and early adopter. This is a weekly ema
 

The Block

January 10 · Issue #9 · View online
Weekly curated #cryptocurrency news and commentary.

Welcome to The Block. I’m Jeremiah Lewis, a crypto-enthusiast and early adopter. This is a weekly email digest comprising one or two short topical essays followed by a manageable collection of curated links.
If you know anyone who’d be interested in this kind of content, forward this email, or they can subscribe here. I love feedback, so don’t hesitate to email me.

We live in tumultuous times. Well-known crypto-bulls are sounding the alarms on crazy market valuations and over-speculation of products that have no product. And on the flipside, Jamie Dimon is sounding more contrite lately. The Wild Things are dancing in the moonlight and there’s a hint of danger in the air. Are we going to get burned??
This newsletter is going to be short because I’ve got a pretty full schedule lately, but I want to put some thoughts in your head about the wilderness, because assuredly that’s where we are, despite the fact that we’re nine years into the most audacious financial experiment since double entry accounting was invented. And nearly everyone missed it!
The wilderness is not just a place of unknown dangers, though it’s that. It’s also not just a place where one simply goes to plant a flag, though throughout time humans have built amazing and horrendous things in the pioneer spirit. Progress is never single-sided.
The wilderness is a place of dreams and of imagination, and it is where we must go if we’re to make anything of cryptocurrency and its attendant possibilities. We must be clear about what cryptocurrency is and isn’t, and it is a hard truth.
Nothing has any inherent value except the value we put into it through imagination and hard work.
This includes everything from the dollars in your bank account to the cryptocurrency you just purchased on an exchange.
If you are waiting for your ship to come in because you dropped $2,000 on Bitcoin back in March 2017, you are likely to be waiting a long time and will wind up disappointed. Bitcoin is not the final destination, nor is it the journey itself. Bitcoin is only the beginning, like a child’s map of her backyard.
Likewise, cryptocurrency–the vast ecosystem of altcoins and shitcoins and shill projects and get-rich-quick schemes masquerading as whitepapers–is not the end product. Cryptocurrency is the vehicle that will get us there. But it will only happen if we keep the car filled with gas and we keep our heading straight and true and we observe the sides of the road as we pass, keeping our bearings and watching for the signs of where we need to go.
Now, more than ever, we need visionaries and idea-people to guide us into the wilderness. You could be one. Where do you see cryptocurrency taking us? Where do you want to go?
Please let me know your thoughts on this newsletter, or the questions I’ve posed today. I want to hear from you.
Links of Note
Metascarcity and Bitcoin’s future
A look at bitcoin's boom and how cryptocurrency works
6 ways to regulate Bitcoin, Ethereum and other cryptocurrencies without destroying its future | WIRED UK
Litigating Cryptocurrency: Is Bitcoin’s Future Doomed? | The Legal Intelligencer
China's Crackdown on Crypto-Mining Threatens Bitcoin's Future
Currency Blankets: Textiles as Money
Wrap Up
That’s it for this week. Thanks again for reading. If you find this newsletter useful and interesting and you think someone else would enjoy it, please forward it to them. You can always subscribe or read back-issues here.
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