Messari's Weekend Reads 😎 - Unqualified Opinions

reading, sleep, and self-care (and some new podcasts)

Your daily snapshot from our OnChainFX markets dashboard.

It’s Friday and we’re keeping things light with our weekend reads and some new listens on the Unqualified Opinions podcast. Recent episodes include conversations with Lane Rettig of the Ethereum Foundation, Marc Bhargava of Tagomi, and Julien Genestoux of Unlock.

Subscribe now on iTunes, Spotify, or your favorite podcast platform to catch our new episodes with Alex Adelman of Lolli, Alex & Ilia of NEAR Protocol, and Muneeb Ali of Blockstack coming next week.

📚 Messari’s weekend reads:

  • Act in Satoshi’s Spirit - Griffin Owens

  • One Good to Rule them All - Blockchain, the Ultimate ESG Investment? - Rayne Steinberg

  • Productivity Isn’t About Time Management. It’s About Attention Management. - Adam Grant

  • Analysis of the Blockchain VC Fund Landscape - Hutt Capital

  • Active Network Participation as an Investment Strategy - Devin Walsh

  • Blockchain Voter Apathy - Roy Learner

  • Technological Teachings of Bitcoin - Gigi

  • The End of Nuclear Warfighting: Moving to a Deterrence-Only Posture - Bruce G. Blair

  • The WorkLock: An improved token distribution model - NuCypher

  • On Value Capture at Layer 3 - Rocco

Have a good weekend, y’all.

- The Messari Team

P.S. Share. Subscribe. Tweet at Messari for feedback, comments, or questions.


Messari Compression Algorithm

Content and thoughts from around the web as summarized by the Messari team.

❓ [Analysis] What's the latest on MAST and SCHNORR?

In a Reddit thread asking about the latest Bitcoin Improvement Proposal (BIP), Bitcoin ($BTC) core contributor andytoshi says that the Schnorr BIP has yet to be assigned a number and will most likely be thrown into a larger proposal like Taproot before implementation. Other proposals, which have yet to be assigned BIP numbers but are in heavy discussion, include elimination of non-verify signature checking operation codes (opcode), replacement of chckmultisig threshold-signature opcode, implementation of MAST, and improving sighashing modes to patch Segwit limitations and aid the Lightning Network's development. As signaled by lack of BIP numbers, andytoshi does not have a good date for these implementations, but says they should be available for community review soon. (share or read more)

🤐 [Analysis] Critique of Vitalik Buterin’s Comments About the “Dishonesty” of Projects with Early on Supply Caps - Donald McIntyre

Ethereum's ($ETHVitalik Buterin recently said projects with early on supply caps are "dishonest" and proponents of such strict monetary policy are "angry and ideologically excited people that are extremely attached to their schelling points." Supply caps, and Proof-of-Work systems often behind supply caps, are not dishonest at all, but constant verification of holder's property rights. Variable supply caps cut at the heart of trust minimization. Buterin also attacked Bitcoin's ($BTC) fee structure, saying that today's Bitcoin fees equal the purchasable power necessary to perform a 51% attack, which poses a danger when mining disappears. Today's fee structures are not tomorrow's, however. Vitalik and the Ethereum community fail to push trust minimization and instead lean on inane and arbitrary arguments for monetary policy. (share or read more)

Quick Bits (Don't read that, I read it for you)

Choke Points (Exchange News)

  • 🛑 A recent email to Bithumb traders asks them to stop making cryptocurrency deposits on the site as third party auditors go through accounts. The exchange is still investigating a recent hot wallet, insider hacking that stole around $20 million. The exchange had previously halted deposit/withdrawal services. (share or read more)

  • 🍁 Coinsquare is launching the first Canadian dollar backed stable coin on a one-to-one basis. The eCAD is intended for cross-border payments, remittances, P2P lending, merchant adoption, trade settlements, and as a foreign exchange conversion tool. Coinsquare says the eCAD will be backed by reserves, but did not disclose the method. (share or read more)

Startup Signals (ICOs, Cryptos, and Startups)

  • 👍 Startup 0(1) Labs has raised $15 million from Accomplice, Coinbase Ventures, Paradigm, and General Catalyst for its Coda protocol, a blockchain whose data storage structure allows total participation by users. Using zk-SNARKs to generate proofs, even the smallest applications like mobile wallets can verify transactions against the entire state. (share or read more)

  • 🤑 The recent Bitcoin ($BTC) price surge found its way into popular media, as Google's search analytics shows Bitcoin's search popularity skyrocketed from 30 to 100 points. A score of 100 indicates maximum search popularity weighted to all other searches. In the United States, the most searches occurred in California, Washington, Nevada, New York and Colorado with international rankings highest in Nigeria, the Netherlands, South Africa, Austria, and Switzerland. (share or read more)

  • 🔍 Like Facebook, Russia’s largest social media network, VKontakte, is reportedly working on its own cryptocurrency, according to a report by Russian news outlet RNS, which cites that this information as from a source familiar with the company's plans who provided an internal presentation about the company's cryptocurrency initiative. VKontakte states it is considering rewarding users for their time spent on the platform as well as other specific activities like posting good content. (share or read more)

Did I miss something?

Send me the link, your twitter handle and your best imitation compression algorithm write up. If I like it, I’ll include your bit next issue (with attribution).

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