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Token Daily for August 31

TWEET OF THE DAY



"Tomorrow...

The Reductioning
"


- Eric, yesterday, on #EIP1234 which passed today. The proposal delays Ethereum's difficulty bomb for 12 months and reduces block reward from 3 ETH to 2 ETH. 
 

 
  

IN CASE YOU MISSED IT



🚫 Dapple Store Apple recently ordered Coinbase Wallet to remove video game War Riders which facilitates the purchase of NFTs. As Todd Goldberg's noted, reasons Apple required the delisting likely include: "[the inability] to get their traditional 30% cut on digital goods, since they don't have a way to receive Ether, and the interoperable nature of digital goods (i.e. goods can go between games/apps) is new."


💰 Bitcoin Transaction Value just reached $1.3T, surpassing PayPal and Discover. Though a more accurate comparison would be between PayPal and Bitpay (or any other crypto merchant), the significant growth in transaction value is a healthy indicator of bitcoin's momentum.


🚨 
Product Hunt + Finimize + Token Daily We're teaming up to send one reader $800 of BTC and a few other prizes. To be in the running, just submit your email.



For a complete list of today's trending articles, head on over here.


  

READS OF THE DAY



📖 Hodlers are the revolutionaries Dan Held highlights the unobvious value in hodling to develop cryptocurrency networks.


  


📖 Changing token models: Broken promises or a necessary innovation? Ambrož Homar on how the crypto ecosystem should react to token model changes.


  
 

THOUGHT OF THE DAY


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.

Josh Johnson:
 

"Right now, there are people focused on tying NFTs to physical goods, but there are numerous digital goods like coupons that allow for crypto-unique experiences. Coupons/Groupons are native digital assets/NFTs that can be used fairly easily within a smart contract platform like Ethereum.

For instance, since coupons are basically pre-paid invoices, they could be traunched and borrowed against, allowing the business access to credit in proportion to the NFT’s cash value, unlocking previously inaccessible capital. Or several customers could sweep up NFTs into a multi collateralized token like DAI that can earn interest and disperse to holders. The NFT could have location-based features that give local franchises customized deals. This is just the tip of the iceberg with respect to what is unique and possible on an open smart contract platform."


 
      
QUESTION OF THE DAY 


Will there be any ways to reduce the energy consumption of Bitcoin mining in the future? Or to make mining more eco-friendly?

Jameson Lopp's answer over here.

 

  
LAUNCHES OF THE DAY 


🚀 Coinbase Wallet Bookmark: Save your favorite dapps for easy access.
 

      



🕵️‍♀️ LibSubmarine: Temporarily hide transactions on Ethereum.
 

      

THING TO KNOW


Bits

In BIP-176, authored by Jimmy Song, Bits is proposed as the standard term for 100 satoshis (or one-one millionth) of a bitcoin. 
 

  
 



 

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