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Long Reads Sunday - Issue #32

Happy Super Bowl Sunday. No intro this week, but some great ideas this week. Happy LRS from the Hudso
Long Reads Sunday - Issue #32
By Nathaniel Whittemore • Issue #32 • View online
Happy Super Bowl Sunday. No intro this week, but some great ideas this week. Happy LRS from the Hudson Valley - NLW
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LRS32 | Super Bowl Edition! You might have heard that Tom Brady has thrown 11.4% of all Superbowl touchdowns ever, but did you know that Dan Larimer created 47.6% of all blockchains? This week showed once again that, in crypto, the “big game” is the battle of ideas. Here are 20 
2/ IDEA: Crypto tribalism results in part from different base belief systems. @arjunblj & @yassineARK kicked off a massive amount of lively discussion with this piece on the difference of constrained vs. unconstrained visions of the world. https://twitter.com/arjunblj/status/1090287020029685761
3/ IDEA: If Ethereum has failed in five years, this is why. @lrettig prompted this valuable though experiment that got the Ethereum community self-reflecting in a massive way on what might go wrong and how they could do better. https://twitter.com/lrettig/status/1090086660690374656
4/ As a quick aside, although there were a lot of great contributions to the thread..this one from @ercwl has to take the prize. https://twitter.com/ercwl/status/1091346273192562688
5/ IDEA: Ethereum should optimize for price. Here’s why and how. Speaking of big ideas within the ETH community, check out @ameensol’s argument for why ETH price matters for the Ethereum community and how to address that fact. https://twitter.com/ameensol/status/1090347627609153537
6/ IDEA: 2019 will be the year of the DAO. The Ethereum community wasn’t just gathering online this week, but also came together in Berlin for #AraCon2019 hosted by @AragonProject. Some great talks on decentralized governance and emergent global work on DAOs. https://twitter.com/AragonProject/status/1090862077835730944
7/ IDEA: Apparently in 2019 there can still be good crypto conferences. Despite my feeling that crypto events are a weird junket that shut shuttle the same speakers from conference to conference, between Aracon and Stanford Blockchain Conference, maybe I have to reconsider. All SBC talks here: https://www.youtube.com/channel/UCV-51ddCc8uMYddyqwx7I1g
8/ IDEA: The potential of Bitcoin and crypto isn’t just better money, it’s a better world. @BreakerMag wrote a slew of good articles with this shared underlying argument, calling it “Social Good Week.” Check out this great interview with @billbarhydt as an example https://twitter.com/brianeha/status/1090620210288185345
9/ IDEA: Bitcoin can help prevent genocide. @wheatpond explains why historically, ethnic cleansing has been both motivated and enabled by asset & wealth seizure and why cryptoassets could transform that dynamic. https://twitter.com/wheatpond/status/1089921778649104384
10/ IDEA: Governments that try to ban Bitcoin will eventually recognize the futility in that. @iamjosephyoung shared this article about why Iran reversed a ban on Bitcoin and what it might mean going forward. https://twitter.com/iamjosephyoung/status/1090657351365885953
11/ IDEA: Governments will issue their own cryptocurrencies. Speaking of global nation-state involvement with crypto, news broke this week that Saudi Arabia and the UAE were launching a cryptocurrency trial with the idea to improve remittances between the countries https://www.coindesk.com/saudi-arabia-uae-aim-to-cut-payments-costs-with-common-digital-currency
12/ IDEA: “The Fed is the parent of a kid with a drug problem.” Meanwhile back at home, @Travis_Kling writes about how we’re undergoing the largest monetary policy experiment in history and BTC provides a way to opt out https://twitter.com/Travis_Kling/status/1090813043854864385
13/ IDEA: Global macro patterns around both money and politics make Bitcoin and crypto more attractive. @raynesteinberg similarly flags a set of macro trends relevant for crypto: 1) deflation to inflation; 2) cooperation moving to competition; 3) markets as political tools https://medium.com/arca/whats-truth-worth-7b93fc3cb34a
14/ IDEA: Bitcoin is conservative by design. If BTC represents a way to opt out of the global money printing experiment, this article by @kyletorpey does a great job explaining why “the absolute most important thing is that we do not destroy the system” https://www.forbes.com/sites/ktorpey/2019/01/24/heres-the-critical-difference-between-bitcoin-and-other-crypto-assets/#287beeb02797
15/ IDEA: We have to lay the foundations of privacy technology before we need it. This sprawling essay by @secparam is one of the deepest treatments of blockchain privacy in recent memory. https://www.tokendaily.co/blog/blockchain-privacy-equal-parts-theory-and-theater
16/ IDEA: Unit of Account and Medium of Exchange needn’t be the same. This fascinating essay by @jp_koning explains the curious case of the Haitian dollar, which is used to price things across Haiti, but which doesn’t actually exist. http://jpkoning.blogspot.com/2019/01/the-haitian-dollar.html
17/ IDEA: There is a shift in crypto hedge funds to a more venture fund-like model. The Placeholder team shared some good thinking on the evolutions of professional allocators in the bear market. Essay here https://www.placeholder.vc/blog/2019/2/2/crypto-hedge-funds-vs-venture-funds or check out the convo around this thread https://twitter.com/cburniske/status/1091800476415287296
18/ IDEA: The Herd is Considering. Speaking of professional allocators, this thread by @AriDavidPaul provides some great perspective on the state of thinking from institutional investors in the current market climate https://twitter.com/AriDavidPaul/status/1091399283222499330
19/ IDEA: The market for money may not be as Winner-Take-All as we think. @hasufl and @zhusu ensure that no cows are sacred as they explore the challenges for a proto digital money to reach the escape velocity necessary to become the sole dominant winner https://twitter.com/hasufl/status/1091680368472801292
20/ IDEA: Cryptocurrency ecosystems have to actively design approaches to dev incentives. Prompted by @grinmw, there has been a massive conversation around what the right combination of dev funds, voluntary donations, etc are for core devs. https://twitter.com/nlw/status/1091319888562532355
21/ IDEA: Money is a human narrative that changes over time. Bitcoin is, according @Breedlove22 the latest chapter in the story. As an aside, this is exactly the type of gem that LRS was designed to capture. https://twitter.com/Breedlove22/status/1091022726536474626
22/ And that’s the Super Bowl big crypto ideas edition of LRS! Thanks as always for reading! Sign up to get LRS by email getrevue.co/profile/nlw and let me know what other ideas captured your attention this week. 

 

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Nathaniel Whittemore

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