- Forbes story on Bitcoin’s recent surge minting New Billionaires, with the total value of cryptocurrencies having briefly touched $1 trillion.
- A16Z summarising the year 2020 in Crypto in 5 charts – mostly going from the lower left to upper right. Including, “the number of daily active ETH addresses has doubled this year, from 200,000 to 400,000. Bitcoin grew from about 700,000 to almost a million.”
- Avoiding the Bitcoin Nuclear Option: “Instead of Mutually Assured Destruction, the biggest deterrent to a hostile economic takeover will be Mutually Assured Consumption: not an arms race, but a deadlocked competition to mine more Orange Gold than the enemy.”
- NYT story on Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes. Still some benefits of an old-fashioned bank clerk: “Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis.”
- What Changes Will CBDCs Usher in for the New Year? Will more emerging countries follow the example of the Bahamas Sand Dollar and launch Central Bank Digital Currencies to make financial services more accessible to the unbanked of the world? “Small businesses in developing countries are increasingly using cryptocurrencies to settle international transactions rather than in major international currencies such as the U.S. dollar and the euro, which involves a complex, costly, time-consuming process...”
- Twelfth anniversary of the first-ever Bitcoin transaction sent to Hal Finney, who got the 10 Bitcoin from Satoshi Nakamoto.
- Wired piece on “how the bitcoin bubble will burst”. NB written by a journalist; the text does not actually back up the claim in the heading.
Tuesday Crypto Reads
Published
Western Decline 