Welcome to Long Reads Sunday #57 - aka the “holy $%#! there’s nothing about Libra” edition! Seriously, no Libra, not a single tweet. Instead, we’ve got sanctions, SEC action, new metrics, paradigm shifts, and a lil Suntroversy.
2/ Let’s start with something cool. The SEC issued a No Action letter for Pocketful of Quarters in-game currency ERC-20. @msantoriESQ gives the background and argues that, although seemingly a small step, is impressive in the context of extremely slow moving regulators. https://twitter.com/msantoriESQ/status/1154539046699319298
3/ There was actually a fair bit about crypto gaming this week. @fredwilson wrote about @CHZWZRDS and the idea of “extensible games” - the idea of which is that true ownership of digital items opens possibilities to expand games outside of their initial worlds. https://avc.com/2019/07/extensible-games/
11/ @Obstropolos also wrote about it more comprehensively here https://twitter.com/Obstropolos/status/1153339522396016640
. The reason this is worth noting isn’t the proposal itself, per se, which seems highly unlikely to pass, but the fact that funding for development is such a hot button and unresolved issue.
14/ To be honest, I think it’s inevitable and healthy that DeFi is facing more scrutiny at this stage of its development. @crypto_bobby makes an interesting point here that it’s okay for it to be interesting and exciting without it having to solve the whole world’s problems https://twitter.com/crypto_bobby/status/1154717707981512704
16/ Still, it’s even worse for Iranian crypto users - really Iranian users of any technology. Yesterday Iranian GitHub users woke up to find themselves completely locked out. @MartyBent summarizes my feelings with characteristic eloquence https://twitter.com/MartyBent/status/1155123577391374336
18/ The fear of bitcoin/crypto undermining the US’s ability to exert economic pressure through sanctions is one of the big complaints antagonistic US regulators have. It may be something we hear more about at next week’s Senate Banking Committee hearings. https://twitter.com/fintechfrank/status/1153800935950311424
23/ On the topic of invasions of privacy, @AmberBaldet also shared her experience opting out of an airport body scanner as a way to make the point that we are being systematically nudged away from privacy in part through inconvenience. https://twitter.com/AmberBaldet/status/1153993729348444161
25/ Okay, just a few more before we wrap. First, check out the latest from @KyleSamani on how he and Multicoin are thinking about the multiple vectors of centralization within Web3 protocols and how it’s impacting their investments. https://twitter.com/KyleSamani/status/1154494493363585024