What we're reading on: Blockchain
Kyle Ellicott, Blockchain State of the Industry, Q3 2021 Overview and Insights. 2021.08.17
So far in 2021 $15 billion of venture capital has been invested in 273 deals in blockchain. At the moment, the leading VC firms in the space are Digital Currency Group (DCG), Coinbase Ventures, Pantera Capital, Andreessen Horowitz (a16z + a16z Crypto), and Polychain Capital.
Chris Dixon, Blockchains Are The New App Stores. 2021.08.17
Programmable blockchains are the computing frontier, as PCs were in the 80s, internet in the 90s, and mobile in the last decade. What will be the next wave of blockchain killer apps? Chris Dixon guesses DAOs, social tokens, blockchain-based social networks, crypto-enabled 3D worlds and metaverse experiences.
Paradigm Capital, Two Rights Might Make a Wrong. 2021.08.21
samczsun on how he found a security vulnerability that put $350M USD of ETH at risk (and fixed it in under five hours).
Vitalik Buterin, Why People Sell Below Market Price and What They Could Do Instead. 2021.08.22
Sellers sometimes choose to sell scarce goods at below-market prices (e.g. concerts, restaurants, some NFT sales and ICOs), resulting in items quickly selling out. Why do they do this? Fairness, the desire to not lock poorer people out and not lose fans. Using proof-of-personhood protocols, we can create an approach that more directly solves these problems with fewer side effects.
Hackernoon, What Is Crypto Adoption Like in Indonesia? 2021.08.19
6.5 million people in Indonesia now have accounts on cryptocurrency exchanges, which is more than the number of people on stock exchanges. A blockchain tracker has been created to track the utilization and availability of oxygen tanks in Indonesia.
Parting thought from Vitalik Buterin:
"Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly"