"I'm looking for the best & funniest bitcoin / crypto cartoons (preferably not about it being a scam). What are your favorites?"
- Arianna's tweet (and all the replies) to help you get through this bear market.
IN CASE YOU MISSED IT
⚡️ Coinshares Just published an update to their bitcoin mining series. The report covers why bitcoin miners are "shutting down hardware and exiting the network," why this doesn't spell out a death spiral, and illustrates how bitcoin mining is predominantly powered by renewable energy.
READ OF THE DAY
A LessWrong Crypto Autopsy Reflections on the first LessWrong post about bitcoin in 2011, how readers predicted if bitcoin became popular other cryptocurrencies would also emerge, and how to recognize more opportunities early on to make better choices.
🌱Organic foods and bitcoin It feels sacrilegious writing about this in a time where bitcoin carnivorism runs rampant, but humor me for a second.
These two studies illustrate how consumer behavior changes during and post-recession. Both studies find green consumerism and organic food purchases increase after a recession because consumers take more ownership and become more mindful of their financial decisions. They know, on a visceral level, that their choices affect the economy at large:
"[Postrecession] consumers seek for change and know they can rely only on themselves. Recession is an opportunity to step back and think deeply. They will look for something “bigger than self”, from “active pessimism” to “proactive mindfulness”. Despite their anxiety, people are changing the status quo and take greater control of their present lives and futures.
Thus, consumers have become more vigilant new and more aware of their ability to influence the world with their consumer choices. During the economic crisis a series of parallel steps have made their presence, resulted in the new consumer orientation on organic products."
The behavioral shift towards more control, self-reliance, and break from tradition post-recession is precisely the type of fertile environment required for bitcoin adoption to flourish. Coupled with the usual hallmarks of a recession - including the drying up of liquidity and interbank markets seizing up, it's easy to see how bitcoin's perceived value could spike in the aftermath of a global financial crisis, and how it could cement its status as a safe haven asset over a few recessions.
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Week 2: The Importance Of Checks-and-Balances in Blockchain Governance
Before Thanksgiving, we told you about a new Governance Peer Review & Working Group initiative from Storecoin. Each week, readers can review a new piece about some aspect of governance and debate, challenge and discuss different approaches.
This week, Storecoin is sharing the "why" behind their model of decentralized checks-and-balances and how governance design can combat plutocracy and populism. If you have feedback or questions for the team, reach out here.