🤔 Goldman Sachs drops bitcoin trading plans Kind of. According to recent reports, Goldman Sachs will continue to put off trading actual bitcoin. But, as Nathaniel Popper has noted, the firm is still moving forward with trading crypto futures and forwards for clients.
🐦 Twitter, but on the blockchain During a Congressional committee Wednesday, Twitter CEO Jack Dorsey said he's looking into blockchain solutions to verify user identity and fight misinformation on the platform. According to Jack, blockchain has "untapped potential around distributed trust and distributed enforcement."
🇦🇷 Ripio rolls out crypto-powered loans across Latin America. S/O to Leigh Cuen for candidly opening the Coindesk article with: "Here's something you don't see every day: an ICO that has actually led to a shipped, working financial product."
For a complete listof today's trending articles, head on over here.
READS OF THE DAY
📖Principles of Bitcoin Come for the BTC price, stay for the principles. A wiki primer on the fundamentals of Bitcoin.
📖Let's Ditch "Decentralized" Tony Sheng on the meaninglessness of the term "decentralized" and quantifiable alternatives we should use instead.
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.
"I’m often asked for advice by people looking to break into cryptocurrency. Hopefully, the following is helpful – I cover a very broad variety of backgrounds and goals (accountants, lawyers, traders, developers, etc).
First – we’re at the “sweet” spot for job hunting in cryptocurrency right now. A year ago, there were hardly any options. There simply weren’t many cryptocurrency companies or investment firms on the planet and those that existed were small and mostly hiring via personal relationships. Today, there’s a wonderful set of options that span the spectrum of risk and upside potential.
Before diving into specific career paths, let me ask you three important questions to start noodling on:"
🚀 Dmunity: Reddit curation markets. Import your Reddit account and receive more tokens based on the amount of karma you already have.
🌏 FOAM map user guide: In anticipation of FOAM's launch tomorrow, the team's published a step-by-step guide for cartographers who will contribute to building a consensus-driven map of the world.
THING TO KNOW
A point people converge on without formal communication because it seems natural or relevant. Economist Thomas Schelling illustrated this point by asking a group of students where they would meet a stranger in NYC. The most common answer, or "natural" point, was Grand Central at noon - for no specific reason.
The inherent challenge is: how do you get parties to converge on these choices without communicating? One example of Schelling point in Bitcoin is its fixed supply. Bitcoin is a social phenomenon - its 21M hard cap is a Schelling Point enforced by social consensus, not by code.
🙌S/O to Ana Olsson for requesting today's Thing to Know