Long Reads Sunday #43. Welcome to the epically exhausted Easter Bunny edition of LRS, brought to you from a Red Eye en route back to JFK. May this 40,000 foot view of the world bring some insight (or at least some snark). Let’s dive in, shall we?
It is an interesting moment - I’ve seen some argue that it demonstrates an industry immaturity that will turn off investors, while others see it as the community defending its values. https://t.co/0dFP367GCD
4/ One important context for the conversation around BSV is the question of whether delisting represents some form of censorship. I tend to agree with @AriDavidPaul that our conversation about censorship needs to be much more nuanced.
6/ One area where exchanges have faced scrutiny lately is around volume. In the wake of a @BitwiseInvest report to the SEC, @nomicsfinance announced new transparency ratings that categorize exchanges on the basis of the type and way they share data. https://twitter.com/ClayCollins/status/1118268380249776128
8/ Token Migration is one of the most interesting emerging narratives of this moment. Is it just for a price pump? Does it suggest developers will be more agnostic about base chains? I tried to capture and track some sentiment. https://twitter.com/nlw/status/1118914996740583424
9/ One obvious question arising from token migration is what the impact of the trend (to whatever extent it becomes a trend) might be on Ethereum. I thought Spencer articulated the “Ethereum shouldn’t be worried RN” perspective really well.
11/ In a related by different point, @TonySheng discusses the importance of network effects and how they’re likely to play out in the context of the smart contract platform wars. He doesn’t discuss BNB specifically, but it’s definitely related. https://www.tonysheng.com/bootstrapping-crypto-network
12/ One point that many made when I asked about BNB Chain was that token migration is pretty low on Ethereum’s list of issues to address. One major topic of conversation is ongoing project funding. @RyanSAdams comments on a new EIP to add block reward funding for Ethereum devs https://twitter.com/RyanSAdams/status/1118938565306613762
13/ I think that the question of the right way to align incentives between base layer protocol devs and other types of stakeholders is incredibly important - and better done around real examples. @Owocki summarizes the proposal in this second LRS Takeaway. https://www.youtube.com/watch?v=QbvjdoS5taA&feature=youtu.be
17/ Indeed, there was even more evidence this week of investor interest in crypto…or…well, at least, Bitcoin. The new report “Bitcoin in Heavy Accumulation” from @TuurDemeester’s Adamant Capital was read by more than 7,000 investors worldwide within 24 hours of release. https://twitter.com/TuurDemeester/status/1119272239122264064
31/ Alright team, my face is going to fall off. For anything that I’ve missed (and I’m sure there’s a bunch) apologies and let me know in the comments. Sign up to get LRS via email below. https://www.getrevue.co/profile/nlw