The Sunday Recap - Down the Rabbit Hole 33

June 15, 2019

 

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.

 

 

Twitter

 

The tension between regulated BTC and free transmission of wealth (recommended):

https://twitter.com/nic__carter/status/1138868057936470017

 

Katherine Wu's epic annotation of SEC filing against KIK (crypto-wide implications):

https://twitter.com/katherineykwu/status/1135977773246373888

 

Colin Talks Crypto's take on Ivan-Dan Larimer interview (KYC specificially):

https://twitter.com/ColinTCrypto/status/1139017196661825538

 

Crypto is not going to be welcomed with open arms by governments:

https://twitter.com/GordonBuckley3/status/1138440187124387840

 

Short, to the point, and in my opinion true:

https://twitter.com/jimmysong/status/1139338929457565696

 

Looks like US customers will soon be unable to trade on Binance (though a US-based platform is in the works:

https://twitter.com/AlexSaundersAU/status/1139428892815417350

 Articles

 

Fincen (US) wants in on crypto services (highly recommended):

https://medium.com/@matthaynes_59552/what-the-fincen-what-the-new-cvc-regulations-mean-for-crypto-applications-and-the-rest-of-us-a001c1da2302

 

Bitcoin an accounting revolution with social ramifications:

https://medium.com/@permabullnino/bitcoin-an-accounting-revolution-40efcb903d7b

 

A blockchain 'architect' recounts what they have learned while working in the space:

https://hackernoon.com/i-was-the-blockchain-architect-for-a-dozen-projects-and-this-is-what-i-learnt-7a17b36bad02

 

Update on pEOS design and intended functionality (all theoretical at this point):

https://medium.com/@pEOS_one/introduction-71b9c55419b4


Being heard in today's media landscape is a significant challenge with a possible solution:

https://www.eoswriter.io/4027_everyone-deserves-a-real-voice.eos

 

Crypto lending platforms compared:

https://hackernoon.com/which-crypto-lending-platform-to-use-for-passive-income-8af869ab6ca6

 

Identity and decentralization examined:

https://hackernoon.com/state-of-identity-for-the-new-decentralized-economy-1d0a70477f5f


Digital privacy and control matters:

https://hackernoon.com/the-worlds-most-ominous-problem-d084caf0039b

 Podcast

 

 

Absorbing discussion on open sourced decentralized IDs and why Microsoft is working on them (highly recommended):

 

https://open.spotify.com/episode/3F7I1K8SSTQdIMk2LoYOGG

 YouTube

 

A conservative but reasoned approach to buying Bitcoin on a correction (recommended):

 

https://youtu.be/TiUUJxdynaY

 

Dan Hedl has launched a new vid series and discusses a range of Bitcoin talking points (recommended for BTC enthusiasts):

https://blocktv.com/watch/2019-06-11/5cffdbec4be6a-hodl-with-hedl-volatility-key-to-bitcoin-success

 

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):

 https://www.youtube.com/watch?v=iCY-VtfMHrA

Excellent update on recent EOS developments (highly recommended):

 https://youtu.be/-yU_hu_LGos

 Website / Utility

 

Test your crypto tech/market knowledge base (recommended):

https://www.binance.vision/quiz/glossary/difficulty

 

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.

 

 

 

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