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Rabbit holes are more fun when you're not alone...

Hey friends,
I am not embarrassed to say that I got my first vaccine shot the other day and almost passed out… (note to self to eat breakfast for shot #2). This past week I’ve been thinking a lot lately about the topic for my next essay, and I’m very excited to announce that I’ll be writing my first collaborative piece with Sam Auch, COO at Brooklyn-based startup Huddle. Sam and I have a lot of interests at the intersection of DeFi and the future of money, so I’m looking forward to going down the rabbit hole of research yet again and writing with a partner.
If any of you are curious about writing online, I highly recommend you check out Compound Writing (soon-to-be known as Foster). It’s an online community of writers that help you flesh out ideas and edit your drafts. It’s also where I met Sam, so it’s a great place to network and build relationships. Feel free to message me if you want to hear more about my experience!
Chicago is finally getting warmer outside, so to all my friends in Chicago: take advantage of the sun! I’ve been taking more walks as of late and it’s been great for the mind and body.
Stay healthy,

I’m a big fan of Antony Lewis for his book, The Basics of Bitcoins and Blockchains, and his ability to break down complicated topics so they’re easy to understand. This article is no exception. Antony argues that we think of as programmable money is actually designer money, and the implications go beyond just automating payments. The concept of programmable money is a pillar to cryptocurrencies, and this is a great introduction for those unfamiliar.
PR company Edelman released a survey last year that measured the general population’s feelings towards capitalism. The results were not good: 56% believe that capitalism “does more harm than good in the world”. New Yorker writer Nicholas Lemann offers his perspective on a concept known as “racial capitalism”: racism as a technique to divide working-class whites and blacks so as to enable white capitalists to get richer. The concept is central to slavery historian Walter Johnson’s latest book, and it challenges our notions of capitalism as we know it. While the entwinement of capitalism and racism is up for debate, there is one thing clear about capitalism from Edelman’s survey: people are losing their trust in it.
Trevor McFedries is the co-founder of Brud, a technology startup that incubated virtual Gen Z icon Miquela. For those unfamiliar with @lilmiquela on Instagram, she is literally a digital avatar that has 3 million followers and was named one of Time’s 25 Most Influential People on the Internet in 2018 (along with Rihanna, BTS, and DietPrada). What is so great about this podcast is hearing Trevor’s amazing journey from software engineer, to DJ, to artist manager, to now startup founder. He has big plans for Brud that involve Web 3.0, the next iteration of the Internet that aims to be more open, decentralized, and free market.
NFT of the week
This week's tweet
Bo Ren
DAOs are an existential threat to venture capital as we know it. VC is going thru a reckoning and will continue to be in the next 5 years. When paradigm shifts happen you want to make sure you’re on the right side of history. Evolve or die. Specialization is for insects.
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Phil Hendricks
Phil Hendricks @PhilLHendricks

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