I’m here in Florida introducing the baby to her great grandparents, so no intro this week! Back to our regularly scheduled LRSing next week.
Long Reads Sunday #39. Another week of nonstop crypto action. We’ve got initial exchange offerings, fear and loathing at the Fed, pumped up kicks volume, and more bounce than the Cuban (Junior) National Twerk Team. Strap ya seatbelts it’s long reads time!
2/ Crypto no gracias? The more time passes, the more world governments are going to firmly position themselves as for or against crypto. The latest to join the against team is Mexico. @CoinCenter has the write up on regulation that would effectively ban exchanges. https://twitter.com/NeerajKA/status/1108753528871403520
10/ Another fascinating dimension of the current monetary policy discussion in the US is the emergence of Modern Monetary Theory or MMT. @AriDavidPaul connects the dots between Bitcoin and MMT arguing that they’re both reactions to the “grand experiment in unbacked fiat” https://twitter.com/aridavidpaul/status/1108401596495482880
14/ One major question of the new crypto-powered financial system is which asset (or assets) have the ability to become a store of value. While Bitcoin tends to dominate the SoV narrative, @JamesSpediacci breaks the “taboo” on talking Ethereum price and argues for ETH’s path to SoV https://twitter.com/JamesSpediacci/status/1107109612635848705
15/ On the topic of Ethereum, one of the critical conversations has to do with the transition from ETH 1.0 to Eth2.0. If you’re trying to wrap your head around what 2.0 means, you can do a lot worse than this thread from @ljxie https://twitter.com/ljxie/status/1108863439378604032
17/ Debates around the right way to incentivize an open source community will continue to get louder. In the meanwhile, @jack announced a formal commitment to contribute to the Bitcoin community and introduced @SqCrypto. Phenomenal stuff. https://twitter.com/jack/status/1108487911802966017
18/ Also in the Bitcoin realm, this Medium essay looks at Bitcoin market dominance but weighted for liquidity and volume. The result, “Volume-Weighted Cap” suggests a much higher portion of the total market cap of crypto belongs to BTC than CMC’s Market Dominance https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf
23/ The opportunities for active management are getting more and more interesting as bigger swaths of the DeFi/Open Finance landscape come online. To start wrapping your head around all the advancements in this area, check out @Delphi_Digital’s just released landscape https://twitter.com/Delphi_Digital/status/1108390033671815169
26/ As we round the corner on another LRS, let’s zoom out and think big for just a minute. In that spirit, @OVioHQ recently published an update to their investment thesis that they’re calling the Convergence Stack. https://twitter.com/OVioHQ/status/1107740713360474113
27/ From a systemic thinking perspective, doesn’t get much bigger than the conversations at @RadxChange. @RhysLindmark has been documenting in this ongoing thread, and @VitalikButerin is set to keynote today. Interesting to see the overlap between this and the crypto community. https://twitter.com/RhysLindmark/status/1109110933803155458
29/ A little personal shill, I’ll be speaking at @EtherealSummit in NYC in May. I think it’s going to be a live look in on the most important narrative battles in the space. If you do want to attend, you can use the code NLWETHEREAL for 15% off the price. https://twitter.com/EtherealSummit/status/1108430746996408322