Monster report by Peter Van Valkenburgh of Coincenter arguing that applying the Bank Secrecy Act to regulating decentralized cryptocurrency software developers and individual users would be unconstitutional, as would be any attempt to ban, require licenses or force backdoors.
Fred Wilson reacts to Zuck's historic post (A Privacy-Focused Vision for Social Networking) saying it's game on, drawing parallels with Microsoft attempt to reboot itself with the advent of the Internet 20+ years ago. Tl;dr: legacy can hinder.
Super comprehensive report on MimbleWimble and its most popular implementations, thanks to Circle Research team.
I found this to be the perfect way to understand the differences with Bitcoin and how MW uses UTXOs but strips down a lot of other stuff (conditional transactions, use time-locks, state channels (e.g. Lightning network), cross chain atomic swaps) in order to achieve privacy.
Still it's not perfect, as "miners can see transactions in the mempool before CoinJoin and cut-through take place. As a result, nodes watching the network can build detailed transaction graphs, compromising privacy, which is opposed to MimbleWimble’s key value proposition. Though there are potential solutions like Dandelion and dummy UTXOs, they have yet to be perfected in practice."
Ryan Zurrer explores the new trend of crypto-governance, with a prediction for moonshot DAOs.
"I suspect we will see new iterations of VC-style capital-allocation DAOs for emerging industries. I call these “Moonshot DAOs” and predict that we see some for future-looking industries such as space exploration, quantum computing, and psychedelics."
Ah "holy-goddam-wow am I stupid" feel piece from a rocket scientist.
The key takeaways that I got are the presented Nakamoto Framework, which is fairly straightforward to understand, and the fact that crypto networks drastically bring down the costs of coordination and thus fuel more open source and cooperation.
For anything else you'll probably need some Adderal and 30 minutes.
Here's a link to all submissions to #ETHParis, which just took place over the weekend, and was amazing as usual.
Some cools ones in no particular order: - ZkDAO. Implement fully-anonymous voting on DAO proposals thanks to AZTEC Cryptography Engine. - TX Flow. allows developers to see the whole execution flow for a transaction. - goMommy. ENS domains marketplace built on 0x - 12months. With an Estonian ID you can get a DAI loan by collateralizing a real asset like a car! - Contract Genius. A smart contract explorer that uses machine learning algorithms to find vulnerabilities.
+ many many others.
And for those who didn't make it to EthCC (but also for those who made it and couldn't physically be in all the rooms at the same time), here's a link to all the video recorded sessions.
--- PS: massive congrats to Asseth and everyone involved in organizing and pulling off an amazing week.
PPS: apologies for linking to the wrong 'blockchain week' in last week's issue. The right link was obviously blockchainweek.fr.
The Linkdrop team have shared a proposal paper for a generalized protocol that allows Dapp developers to include digital assets and attributes into links and QR-codes, something they've been working for internally for close to a year now.
If this becomes a standard for wallets and dapps, it could really be a boon for referrals and onboarding new users more generally, as literally anyone can interact with links and any flow can be built into them. If you are a developer building a wallet or dapp, go take a look.
Another piece of the defi puzzle is falling into place.
Bloqboard have partnered with Wyre to facilitate an OTC market for large CDPs (> 200,000 DAI). This way CDP holders who have spent or deployed their DAI can still close their position and extract the remaining collateral without having to bother about re-acquiring DAI or MKR in the open market, for a small fee.
Wyre is the counter-party buying the CDPs for now, and sellers have to fill a form and then go through KYC. But it's only a matter of time before the whole process gets automated in a more trustless fashion.
DeFi is happening. LoanScan is an analytics portal for financial instruments such as loans, money markets, derivatives, etc. issued on lending platforms and portals and routed via deсentralized finance protocols (open protocols).
Essentially, you can monitor and track any loan on any platform and access the info via API to add even more interoperability between all of the new marketplaces.
In a headline that brings us straight back to late 2017, Kakao closes a monstrous private token sale and prepares to raise as much starting this week for GroundX, its 'blockchain unit'. It's still unclear what it is they are building and need so much capital for, it sounds like an app store for games kind-of-thing. At a high-level, it's yet another centralized social/messaging business entering the blockchain space.
Participants in the rounds include IDG Capital, Cresendo Equity Partners and Translink Capital.
Amun is building traditional exchange traded crypto indexes listed on the Swiss Stock Exchange, fully collateralized, custodied and insured. They are also building and planning to commercialize the underlaying infrastructure for others issuers to launch crypto ETF-like products.
They closed a $4M round with four undisclosed family offices, Adam Draper of Boost, Graham Tuckwell of ETFS Capital and Greg Kidd from Hard Yaka.
Chinese mining equipment manufacturer has reportedly raised “several hundred million U.S. dollars,” making the company a unicorn, on the back of a failed attempt to IPO on the Hong Kong Stock Exchange (btw Bitmain IPO window could also lapse at the end of March).
Tough times for miners across the board, but there still seems to be capital available for them.