The Control - Issue #33
The total market value of cryptocurrencies is down 70% from its all-time-high in January. To those that have been paying attention to the space for years, this is not a surprise; the nascent, open, global nature of cryptocurrencies makes the asset class prone to booms and busts. Until there is more liquidity and more mainstream use cases beyond investment/speculation, that will continue to the be case.
The good news is the infrastructure and middleware is improving and the liquidity and uses cases are coming. Learn more about some of the most promising products in our latest post: 1confirmation Portfolio Product Update (Q1 2018)
Required reading this week
On the Scalability of Blockchains — thecontrol.co
Scalability continues to be one of the most important issues in the space and this piece examines various ways that blockchain scalability could play out.
Governance, Part 2: Plutocracy Is Still Bad — vitalik.ca
Blockchain governance is a fascinating topic and there's no doubt that it will evolve over time, but Vitalik's lays out a strong argument for why pure on-chain coin holder voting mechanisms may be problematic for blockchains to adopt.
The Limits of Crypto-economic Governance — medium.com
Bitshares, Steemit, and EOS founder Dan Larimer followed Vitalik's post with an interesting response, stating that if you assume that the vast majority of people have good intentions, on-chain coin holder voting mechanisms could work well.
In Defense of CryptoKitties — medium.com
CryptoKitties is easy to poke fun at, but clearly the interest and activity around it suggests there's something interesting going on.
Introducing bloXroute: A Scalable, Trustless Blockchain Distribution Network — medium.com
bloXroute recently released their white paper and announced their approach to solving the scalability problem at the peer-to-peer networking layer. This is a very different approach than most are taking and an important endeavor for the ecosystem.
This newsletter is curated by 1confirmation, an early stage crypto fund that supports founders fueling the decentralization of the web and society