Long Reads Sunday #75. In this edition, we continue to plow through end of year content, digging deeper into the battle to shape the story of 2020, as well as check in on some of the key happenings of last week, including a bit of regulatory rancor! Strap in friends, it’s long reads time.
5/ Others, however, were somewhat less enthused. The critiques I saw tended to fall into a few categories. Some felt like it was a pretty bitcoin specific conversation that perhaps ignored much happening in other realms such as DeFi https://twitter.com/ljxie/status/1204991152769814528
9/ The reason I think this is worth spending so much time on is that I believe it gets at the heart of two important emerging narratives. The first is this notion of bitcoin (and DeFi like DAI, depending on who you ask) as a tool to overcome repressive circumstances that has been a key part of 2019’s story.
10/ The second, however, is a narrative that I see trying to claim its place heading into 2020, which is a return of the idea of experimenting with tokenized networks for use cases other than money. @yanivgraph captured this in a thread debating Jill’s piece https://twitter.com/yanivgraph/status/1204528194658824193
11/ My sense is that there is a significant amount of pent up energy in experiments that got their intellectual start during their ICO days, but basically haven’t had narrative room since then because of how warped the token landscape got. https://twitter.com/ErikVoorhees/status/1205104637310914565
12/ This tweet from @Arthur_0x gets at it: “We shouldn’t forget that a well designed crypto economics is an extremely powerful tool of aligning incentives of network participants.” That was the theory of 2017 that really never got to be tested https://twitter.com/arthur_0x/status/1203394736360263681
13/ One last note on this point, last week not one but two of the biggest 2017 vintage token projects resurfaced. First, Coinbase announced that it would be listing the token for Orchid’s decentralized VPN project. Check out @Timccopeland’s recent profile https://twitter.com/Timccopeland/status/1205228198943973376
15/ Okay, that was a whole lot of narrative talk, so let’s do some quick hits on more news-y items. First, crypto got a rare cross over into mainstream media this week, although unfortunately it was for arrests in a $722 million dollar Ponzi scheme. https://twitter.com/HaileyLennonBTC/status/1204487637010014208
16/ Another bit of regulatory action came from the SEC as it charged the Shopin CEO with fraud surrounding their $42m ICO. It turns out that the consequences of all those “partnership” announcements are more than just seeming annoying on Twitter. https://twitter.com/jchervinsky/status/1204889673920851973
24/ Lastly, @jack continues to show why he’s one of the most interesting thinkers on the internet. Twitter is creating a new skunkworks-style lab to support or develop open protocols for social media, akin in some ways to @sqcrypto but looking at the architecture of social media itself https://twitter.com/jack/status/1204766078468911106
26/ Please please subscribe to The Breakdown! Over the next few weeks I’m going to have some absolutely awesome guests who will be joining the conversation to share what they think the narrative of 2019 was, and predictions for 2020 https://plnk.to/nlw?to=page