We're OOO at Crypto Springs the next few days
...but we'll be back in your inbox on Friday.
TWEET OF THE DAY
"There's bold. Then there's Sia bold."
- Josh on Sia deciding to reset the Proof-of-Work algorithm to brick Bitmain and Innosilicon ASIC hardware.
IN CASE YOU MISSED IT
⚔️ Battle of the privacy coins: What we know about Grin and Beam's Mimblewimble. An overview of Mimblewimble's origination, what makes the protocol "special," and weaknesses inherent in the protocol's architecture. And in case you missed Myles Snider's overview on Grin, you can read it here.
For a complete listof today's trending articles, head on over here.
READS OF THE DAY
📖Is (just) some privacy worth anything? Tony Sheng on whether pure privacy vs some privacy is required to protect individual freedoms.
📖The myth of the infrastructure phase USV's Dani Grant and Nick Grossman on why investing in "infrastructure first" is nonsensical.
📖Bitcoin market-value-to-realized-value (MVRV) ratio Murad Mahmudov and David Puelle on how to calculate Market-Value-to-Realized-Value and its significance.
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.
"In 1937, Coase wrote a seminal paper titled “The Nature of the Firm”. It laid the groundwork for a whole new branch of microeconomics, called the theory of the firm, and won the 1991 Nobel Prize.
The mark of geniuses, in social sciences at least, is their ability to uncover important hidden truths that are so self-evident in hindsight. And Coase is one of these geniuses.
In a typical fashion, he asked a simple question that was of no interest to most economists before him: if markets are so good at allocating resources, why do firms exist? After all, markets are one of the most worshipped concepts since Adam Smith, and rightly so.
It was the process of answering this question that unveiled vitally important insights that never occurred to the world."
For more on how cryptonetworks can potentially bridge the gap between the market and the firm, hop on over here.
QUESTION OF THE DAY
Do you think that venture bets will be able to outperform BTC in the next ~5 years?