1confirmation Newsletter - Issue #75
Geopolitical tension dominated world headlines in the past week, and Bitcoin price action has shown a strong correlation with the price of gold. This correlation supports the store of value narrative for Bitcoin, which seems to be acting as a safe haven asset during turbulent times.
While most of the innovation in the space is now happening outside of Bitcoin, BTC remains well-positioned to benefit from macro tailwinds and cryptocurrency innovations outside of Bitcoin that bring new people to the space.
Required reading this week
Progressive Decentralization: A Playbook for Building Crypto Applications — a16z.com
Crypto founders have to build a product, then give up control to a community of users. Jesse Walden explains how progressive decentralization is the path to success.
Tornado.cash — gavinandresen.ninja
Tornado.cash is bringing privacy to Ethereum. Former Bitcoin Core Developer Gavin Andresen describes how it works and how it could be an important building block for the future.
A beginner's guide to DeFi — nakamoto.com
Linda Xie provides an introduction to decentralized finance, covering stablecoins, composability, decentralized lending, decentralized exchanges, and identity.
Bitcoin becomes the Flag of Technology — nakamoto.com Tech is internationalist, capitalist, decentralized, hyperdeflationary, networked, encrypted, digital, volatile, and ambitious. So is Bitcoin.
NBA Reviews Nets Player’s Plan to Sell Bond Tied to Earnings — www.bloomberg.com
Spencer Dinwiddie is attempting to issue a bond to fans in an attempt to empower players and fans and create deeper fan engagement.
1confirmation portfolio reading this week
20 Augur Predictions for 2020 — medium.com
Augur has the potential to break through this year and bring a wave of non-crypto natives onto Ethereum. Ben Davidow shares 20 Augur predictions for 2020.
The NFT Bible: Everything you need to know about non-fungible tokens — opensea.io
Devin Finzer publishes "The NFT Bible", a deep dive into the NFT space exploring his learnings from the last two years building OpenSea.
The history of insurance: from community to corporation and back again — medium.com
A history of insurance and how Nexus Mutual represents the next wave.
Announcing the Nervos Ecosystem Grants Program — medium.com
Nervos announces the launch of the Nervos Ecosystem Grants Program—$30M in funding for individuals and projects to help build tooling for developing solutions around Nervos.
Edgeware mainnet is launching on February 12. A major update to Commonwealth will also happen at that time, including new functionality around governance, funding, and community organization.