Saved by Sam Blumenthal
The Maltese Falcoin | J.P. Morgan Private Bank
While the gold standard of the nineteenth century was arguably the closest thing that the world had ever seen to an ideal sound money, it nonetheless had its flaws. First, governments and banks were always creating media of exchange beyond the quantity of gold in their reserves. Second, many countries used not just gold in their reserves, but also
... See moreSaifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
The world’s total gold total above-ground supply is worth ~$11T today³. Digital stores of value lower friction, provide better access and offer programmability, which could increase the total market size compared to gold.
Gui Laliberte • From Digital Oil to a Digital Nation—Narratives for Ethereum in 2021
Three years ago, I felt crypto’s only proven use case was bitcoin as a store of value was the only clear, proven use case (it was clear that would endure and build retail and institutional value). Now, I see programmable money in Ethereum and Ethereum’s competitors as the next proven use case, with the massive influx into DeFi and NFTs a critical p... See more
Mario Gabriele • What to Watch in Crypto | The Generalist
Crypto’s original application required its original sin: tokenized architecture. The corrupting force of financialization ultimately overpowered the usefulness of the technology.