“The pure present is an ungraspable advance of the past devouring the future. In truth, all sensation is already memory” - Murakami/Bergson
As 2018 becomes 2019, we wanted to take the opportunity to provide our readers a quick recap of some of the interesting takes and viewpoints on the current state of cryptocurrencies and what the future of cryptocurrencies could potentially be. As can be expected, the posts have been authored by angular personalities with very strong views, and are unique in the perspective they provide, cutting through all the clutter we have seen in crypto literature, especially over the past 12 months or so.
We kick-off this round up of thematic and insightful pieces for 2018 with Bitcoin - the first and so far arguably the most successful implementation of DLT (Distributed Ledger Technology). Over the coming days, we will be doing a fair bit of these ‘ look back’ series, interspersed with the occasional regular missive.
This concept-heavy post sheds light on various aspects of Bitcoin’s functioning, its philosophically divided community rift and the analysis of proposed systems aimed at improving the protocol. For a better understanding, we urge our readers to read the prelude
to the above post first.
A succinct post that applies the fundamental financial concepts of risk-free rate and risk premia to Bitcoin’s second layer Lightning Network. Click here
to learn more about Lightning Network and the problems it can potentially solve in scaling on the network.
A must-read post on the constantly evolving narratives of Bitcoin since its inception a decade ago, starting from an e-cash proof of concept to a p2p payments network to digital gold to the darknet’s darling to reserve currency in the crypto world to uncorrelated financial asset.
Vijay basically makes a case for BTC already having found its product-market fit, as a store-of-value (SoV) even better than gold. Leaning heavily on Austrian economics, this interesting blog post explores the evolution of money over centuries and talks at length about how fiat currencies acquired the properties they have today, as well as how Bitcoin has all the properties to become the de facto SoV that the modern economy craves.
Leading Bitcoin developer Jimmy Song presents his take on the perhaps the most contentious topic out there and compares the Bitcoin’s SoV against its medium-of-exchange characteristics.