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Token Daily for August 6
 

TWEET OF THE DAY


"The biggest ideological gap I've seen between people discussing Bitcoin isn't fiat vs. cryptocurrency, tokens vs sound money, or anything like that.

It's between people who think the goal is 'cashing out' if BTC moons in USD vs. those who think 'cashing out' means trading USD for BTC.'"


- @arbedout.
 
 
  
IN CASE YOU MISSED IT



๐Ÿ’ฐ Goldman Sachs is considering offering a custody solution for crypto funds, but details are still being discussed. For what it's worth, we think Jill Carlson put it best when she said: "Iโ€™m not interested in recreating Wall Streetโ€™s systems around a new asset class. Iโ€™m interested in creating a new system around Wall Streetโ€™s asset classes."


๐Ÿ‘€ WSJ reviews trading data and identifies over 175 pump and dump schemes involving at least 121 different coins from January to July of 2018. The biggest Telegram pump group analyzed was "Big Pump Signal" whose members generated an estimated $222 million in trading activity. 


๐Ÿ›  First crypto-related IPO on the London Stock Exchange. Argo Blockchain, a crypto mining service (known as the "Netflix of crypto Mining" because of its subscription model), just raised $32.5m through its IPO, bringing the company's total valuation is around $61 million.  


 ๐Ÿ“Š Kyber Network recently released a company update that summarizes the team's community and ecosystem activity in June and July. Highlights include: the launch of KyberDeveloper Portal, 4 new decentralized projects in the ecosystem (Betoken, MoatFund, Easwap, and Galion), and the team's expansion into the Japanese market. 


๐Ÿค” Robinhood adds Ethereum Classic to its app a few days before Coinbase's anticipated listing of the same coin


๐Ÿšจ 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. 



  
PRODUCT LAUNCH
 

๐Ÿš€ Middleman Dani Grant's ushering along mainstream adoption of Web 3.0 with her latest brainchild, Middleman. Middleman is a dev tool that makes it easy for dapp developers to onboard non-crypto people onto their apps. If a user doesn't already have a wallet, the dapp developer can still let the user get started, and spin up a wallet for them in the background using Middleman. 

If you have feedback or requests for Dani, you can reach her at: [email protected]. And if you haven't read Dani's writing on blockchain and crypto, do yourself a favor and head over to USV's blog. 

      
READS OF THE DAY


๐Ÿ“– Breaking even in PoWH3D And the math behind curved token bonding. In his latest post, Onur Salzman attempts to clarify the logic behind PoWH3D by walking through the math of breaking even. 
 
  


๐Ÿ“– Sponsored burning for TCR  Alex Van de Sande describes a model for decentralized sponsorship for token curated communities.
 
  
 
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.

Mansi Prakash:
 
"If we look at the origin of Bitcoin, back to Satoshiโ€™s whitepaper, we can see that it was designed to be a trustless peer-to-peer electronic cash system. Using the blockchain as its underlying infrastructure, the original goal was to carry out electronic payments without the need of a trusted third party. Over the last 9 years, different use-cases for Bitcoin have emerged. To name a few:

Read on to learn which use cases Mansi identifies. Plus, she provides an overview of how Lightning is expected to help scale blockchain networks.
 
  
QUESTION OF THE DAY 


Something I've been thinking about, what are other incentives for people that are non-monetary or reputation based? - Aparna Krishnan from Thunder Token

Have an answer you'd like to share? Reply to this email, and we'll feature your response in a future issue.
 

  
THING TO KNOW

Rootstock

Smart contracts on Bitcoin. Functioning as a sidechain, Rootstock (RSK) is a smart-contract platform that incorporates a Turing Complete Virtual Machine to Bitcoin. Although the crypto community was initially bullish on RSK and its possibilities, progress has been relatively slow and excitement around the project has largely fizzled out - for now. 

 
  
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