Long Reads Sunday #48. Welcome to a very special long weekend long reads. For readers in the USA celebrating Memorial Day, happy official beginning of summer. As this week’s LRS shows, the weather’s not the only thing that’s heating up.
4/ Exchanges and VCs and the shift in power from an old model to a new were also at the center of the conversation around Sequoia and @cz_binance, who took the firm back to court in order to make the results of their previous suit public. https://twitter.com/cz_binance/status/1131525122228023296
7/ As it gets clearer and clearer that IEOs are here to stay, we’re seeing more analysis pop up. Check out, for example, this monster thread from @arca’s @jdorman81, which shows how IEOs are and aren’t like tradition equity/debt offerings https://twitter.com/jdorman81/status/1131612706509770752
10/ These sort of narrative tensions - builder energy moving up the stack on winning chains vs. being dispersed to new chains to lure IEO capital - was the subject of a talk I gave at @etherealsummit and threaded for Twitter. https://twitter.com/nlw/status/1131189917634179074
11/ Another one of the narrative battles I discussed had to do with forks and whether we’d continue to see forks designed to remove the friction of native tokens. In his Proof of Work newsletter, @wheatpond discusses this in the context of Veil and Augur https://proofofwork.news/p/proof-of-work-67
17/ Part of the reason there is so much emphasis on infrastructure across chains is the presumed impending entrance of larger institutional players to the crypto markets. @MattWalshInBos brings us inside the minds of corporates peering over at “blockchain” https://twitter.com/MattWalshInBos/status/1130494356715114496
22/ Of course, despite regulatory concerns, it’s impossible to deny that those of us who are celebrating Memorial Day in the US have it good relative to many parts of the world. @MotamediMaziar writes how LocalBitcoins has been pushed out of Iran https://twitter.com/coindesk/status/1131832587469639680
24/ Still, for as exciting as the potential of cryptoassets is around the world, we should be cautious of blithely pushing the developing-world-as-use-case for the sake of our adoption narratives, as @MiguelCuneta forcefully argues here https://twitter.com/MiguelCuneta/status/1131013422412206080
25/ Okay, everyone’s got some BBQing to do, so let’s wrap up with just a few more.
28/ Speaking of big themes, the impending launch of ZuckBucks is undeniably one of the most talked about events in the space. The BBC reported that Facebook plans to launch ‘GlobalCoin’ in 2020 https://www.bbc.com/news/business-48383460
33/ For whatever reason, this week saw even more infighting than usual - which is frustrating in that it crowds out space for discussion about, you know, real things that matter. One breath of fresh air in that was this piece by @imacallyouJawdy https://twitter.com/MustStopMurad/status/1130863502791512064
37/ Phew and there we have it! Your long weekend long reads, complete. As always, let me know what you loved and what I forgot. Sign up to get LRS via email, and keep your eyes peeled for something very special tomorrow! https://www.getrevue.co/profile/nlw