Bitcoin is knocking on 9k. However, it's regulations and proposed governments crackdowns that have dominated the cryptosphere this week. From a possible ban on 'public' blockchains in Russia, to a wholesale ban in India, to repressive FinCEN ( Financial Crimes Enforcement Network) KYC recommendations on crypto transactions over $1000, the news surrounding crypto regulations has been decidedly negative. None of this has come to pass but there's little doubt regulatory headwinds are on the near horizon.
On a brighter note, Facebook looks set to announce details of it's 'Libra' coin next week. While I've absolutely no interest in a centralized, corporate coin - it will garner world-wide attention and in time lead more people to engage with .
As usual, I’ve selected the articles etc. because I found them enlightening, compelling or challenging in some fashion. I don’t necessarily agree with the sentiments of each Tweet or article but aim to provide a door into the competing narratives that comprise crypto.
Picks of the Week
Ivan on Tech's interview with Dan Larimer is very informative. but far and away the most interesting item is the podcast discussing Microsoft's work on an open source Decentralized ID. Something which would go a long way towards making individual data sovereignty a practical reality in the coming years.
The tension between regulated BTC and free transmission of wealth (recommended):
Katherine Wu's epic annotation of SEC filing against KIK (crypto-wide implications):
Colin Talks Crypto's take on Ivan-Dan Larimer interview (KYC specificially):
Crypto is not going to be welcomed with open arms by governments:
Short, to the point, and in my opinion true:
Looks like US customers will soon be unable to trade on Binance (though a US-based platform is in the works:
Fincen (US) wants in on crypto services (highly recommended):
Bitcoin an accounting revolution with social ramifications:
A blockchain 'architect' recounts what they have learned while working in the space:
Update on pEOS design and intended functionality (all theoretical at this point):
Being heard in today's media landscape is a significant challenge with a possible solution:
Crypto lending platforms compared:
Identity and decentralization examined:
Digital privacy and control matters:
Absorbing discussion on open sourced decentralized IDs and why Microsoft is working on them (highly recommended):
A conservative but reasoned approach to buying Bitcoin on a correction (recommended):
Dan Hedl has launched a new vid series and discusses a range of Bitcoin talking points (recommended for BTC enthusiasts):
Severe regulatory headwinds are building up around cryptocurrency transactions. It' likely to get a lot worse before it gets better. Expecting governments to roll-out the crypto welcome mat is simply unrealistic (highly recommended):
Excellent update on recent EOS developments (highly recommended):
Website / Utility
Test your crypto tech/market knowledge base (recommended):
A big week - some good some bad - but never dull down the crypto rabbit hole. As always, looking forward to your comments and suggestions.
Note on Sources:
Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.
Also published on TIMM.