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Token Daily for August 9



"Bitcoin is the black hole, and these assets are close to the event horizon:

- Gold ($8T)
- Negative Yielding Bonds ($10T)
- Offshored Cash ($20T)

Current Y2050 Market Cap of BTC: $135B (0.35% of above) 


- Dan. We think he meant: πŸš€πŸŒš 


πŸ’° Binance offers a first look at their DEX which is still in 'pre-alpha'. You can view a recording of the demo over here. 

β›“ ENS + Gitcoin ENS, Ethereum Name Service, is a distributed, open, and extensible naming system based on the Ethereum blockchain. The team recently joined forces with Gitcoin to offer bounties to dApps integrating ENS into their infrastructure. 

🀝 Tron partners with smart toilet company MOSHROOM and Crypto Twitter wasted no time getting to the πŸ’©coin jokes. 

 πŸ‡¨πŸ‡³ Tianya One of China's largest social networks announced the launch of an internal blockchain token (TYT) on its platform. Hot tip: if you're interested in quality reporting of crypto happenings in China, we recommend following PoW China Report - curated by Eric Meltzer, Tiemae, and Daniel, a few of the most trusted voices in the space.

🚨 We're actually giving away BTC 800 dollars worth to be exact. And you only have to submit your email to be in the running. 


πŸš€ Everipedia The Wikipedia competitor announced its blockchain went live earlier today. 


πŸ”΅ Namebase Just made an open-source chrome extension that lets you access Handshake domains. 


πŸ“ District0x Education Portal An information hub specific to both the district0x network and the cryptocurrency ecosystem at large. 


πŸ›  Aragon DAC A Decentralized Altruistic Community on the Giveth platform that's working on building core Aragon infrastructure from the end user's perspective. 


πŸ“– Valuing tokens based on collective utility Early stage investors largely invest based on criteria like market size, entrepreneurial talent, and value prop rather than cash flows. But all long term investors, regardless of stage, are ultimately investing in the creation of utility value. Wendy Xiao Schadeck takes a look at where that value is derived across different categories of crypto projects in her latest post

πŸ“– Handshake, ENS, and Decentralized Naming Services ...explained. Imran Khan walks through a history of DNS and provides an overview of how Handshake is approaching the DNS space. 

πŸ“– Reducing the risk of catastrophic cryptocurrency bugs Director of Digital Currency at MIT Media Lab Neha Narula expands on Cory Fields' post about a vulnerability in Bitcoin Cash he anonymously disclosed earlier this year. Specifically, Neha examines the incentives (or lack thereof) for devs to report bugs, best practices around bug reporting, and security tools she believes need to be developed moving forward.

πŸ“– An overview of privacy in cryptocurrencies Richard Chen maps out the current landscape of privacy-focused cryptocurrencies and the three major areas privacy researchers are focusing on today. 

πŸ“– A guide to 99% fault tolerant consensus Vitalik's latest post describes and reformulates the Byzantine Generals problem in a simplified form.

πŸ“– Aggregation theory, thin protocols, and recentralization: Augur edition Multicoin's Kyle Samani walks through a thought experiment where a dapp could steal value from the protocol its built on. 


Opinions and observations from our readers. Have a thought you'd like to share? Reply directly to today's issue, and we'll review your submission.

Alan Curtis:
"Within the crypto community, we seem to have readily accepted the idea that crypto projects shouldn’t be treated like traditional software companies. But that isn’t entirely true. From a founder’s perspective, there remain universal company-building fundamentals that apply whether or not your project comes with a token." 

Alan does some comparative analysis on building a company in Web 2.0 vs. Web 3.0 over here.

What are the key benefits of using BigchainDB for the Ocean Protocol? 

Ocean Protocol's Trent McConaghy weighs in.


Precoiner vs Nocoiner

S/O to Brian Lockhart for this break down.

Precoiner = Someone who's either unaware, uninterested, or undecided. Hasn't yet gotten to either a "yes" or a "no" stance on cryptocurrencies. 

Nocoiner = Someone who's done some research, but came away with a negative opinion and now says "no" to the idea of hodling.


Republic lets anyone invest in promising new startups. You can become an Angel Investor with as little as $50.

If you're interested in learning about projects you can invest in, sign up for the Republic newsletter over here. And if you're in New York on September 6th, the team's putting on their first conference, RepubliCon - you can attend by registering here.

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