Great read – Highly recommended.
“The reason I know crypto will disrupt traditional finance is because our system is permissionless and theirs isn’t.
Centralized power, even when in the hands of intelligent and well intentioned people, is much less inventive than decentralized, bottom-up experimentation. This is why market based economies flourish, despite seeming chaotic and haphazard, while command and control economies have all failed spectacularly.
Traditional web APIs are de facto permissioned. They’re controlled by the company that creates them. By contrast, smart contract based applications are de facto permissionless. Every smart contract application exposes an on-chain API which any other smart contract or frontend can utilize. In turn, whatever you build will be a tool in the next developer’s toolbelt. It’s platforms all the way down.
Smart contracting cryptonetworks aren’t just powerful permissionless platforms. They’re permissionless platforms for building permissionless platforms.”
Great in-depth metrics for Ethereum through 2019.
“In 2019, it’s clear that there’s enough real activity at the application layer to give us some confidence that Ethereum is growing in the right directions. The work being done at the protocol level means that Eth1 can be sustainable in the medium-term, and steady tangible progress on Eth 2 builds confidence that Ethereum could someday scale to billions of users. It’s been a harsh winter, but Ethereum kept on building straight through it.“
See Also: What’s New in Eth2: Jan 24
“We’re now at the point where it’s possible to build and track a sophisticated crypto money portfolio without a broker and without a bank.
Wall Street extracts 20% GDP to do the stuff you can do on Ethereum for pennies.“
See Also: Zerion
“Covantis, a blockchain initiative backed by global agribusiness giants like Cargill, has selected major Ethereum-focused firm ConsenSys as a technology partner.
Within the partnership, ConsenSys will build an Ethereum-based blockchain platform to digitize the post-trade finance industry and bring efficiencies and cost savings to the international agribusiness supply chain.
This platform is evidence that blockchain technology has started to deliver on its promise of unlocking value through collaboration and removal of information silos within and across industries.“
See Also: Covantis
“I think a better way to fund development is mining pools voluntarily donate a portion of the block reward.
At current LTC price, 1% of block rewards is about 7x Litecoin Foundation’s yearly expenses. Even if a small percent of miners are generous enough to donate, the foundation would be able to put it to good use by funding developers to work on Litecoin Core, Mimble Wimble, LiteWallet, LN wallet, hosting the yearly Litecoin Summit, and pushing for adoption of Litecoin by merchants and users.”