It’s news like the EU Parliament voting for a mandatory upload filter - a destructive counterstrike by media companies against user-created content nicely wrapped in an unimaginably-abusable privacy nightmare - that remind me why this whole permissionless, decentralized, [buzzword-that-means-a-re:distribution-of-power-on-a-fundamental-level] thing matters. It also makes me wonder how we could possibly talk about anything else. Still, in point of fact, there was quite a bit to talk about this week - from spillover-builder-excitement post ETHBerlin to the reconceptualization of venture capital, mining and the line between capital and labor. Happy Long Reads Sunday.
SEPTEMBER 16, 2018
1/ Long Reads Sunday #12. Now this, THIS was a week in crypto. We’ve got data, debates, emergent privacy technology, regulation, enforcement, mining 2.0, stablecoins (so, so many stablecoins), and, for good measure, the emergent global competition for citizenship.
2/ Rumors of Ethereum’s death have been greatly exaggerated. At least, that’s the attitude of the array of developers who participated in the various events around ETH Berlin last week. Check out the projects + memory hole of a 2014 hackathon https://twitter.com/ntmoney/status/1038845304064233472
6/ In the SoV question, one important element is unpacking “value” vs. “value accrual.” Joining @laurashin on Unconfirmed, @alexsunnarborg explains how its possible to believe that Ethereum will create immense value without betting on ETH as a currency https://twitter.com/laurashin/status/1040610026203828224
7/ If you’re noticing a lot of podcasts in LRS, it’s because more than ever they’re the atomic long-form knowledge-sharing unit of crypto. In addition to producing one of the best, @WhatBitcoinDid has now stepped up to curate a weekly best-of podcast list as well. Hero. https://twitter.com/WhatBitcoinDid/status/1040641101156306944
10/ Still, the biggest regulation news wasn’t about crypto, per se, but about the internet as a whole. The European Parliament passed a new wave of copyright legislation that makes terms like “draconian” and “surveillance state” seem quaint. https://twitter.com/nlw/status/1040595964766105600
12/ In all seriousness, whatever version of the EU law that actually gets implemented dramatizes the need for greater personal digital security. @Udiwertheimer pointed to an ongoing series on Privacy Coins by @AaronvanW for @BitcoinMagazine https://twitter.com/udiWertheimer/status/1041076951761469441
16/ One more great resource on privacy. Peter interviewed @fluffypony about Monero, @tari, and why privacy is a right that extends far beyond nefarious activity but is actually intrinsically tied to our potential to imagine and shape new futures. https://twitter.com/WhatBitcoinDid/status/1040584338801352705
17/ With laws like EU’s upload filter as well as the news that Google was demo’ing a censor-able Chinese search connected to phone #, the potential for an Axis of Oppression between overpowered states and overlarge corporate data networks is getting more real. https://twitter.com/real_vijay/status/1041191476615507968
18/ Whew, privacy is heavy man. Let’s catch our breath for just a second and then we’ll round out this LRS with stablecoins, changing VC strategies and Bitcoin PoW energy counter-narratives.
21/ A vocal critique of algorithmic stablecoins, @prestonjbyrne finds quite a bit interesting about GeminiCoin, most specifically the idea of “hybridizing the separate approaches of the coins on the one hand and the enterprise applications on the other” https://prestonbyrne.com/2018/09/10/thoughts-on-geminicoin/
29/ In one of the most fire thread of the week, @danheld makes a comprehensive and thorough argument that the energy critique of Bitcoin mining, among other points, massively underestimates the incentives it creates to find cheaper energy https://twitter.com/danheld/status/1040621230691213314