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Saturday, 25 January 2020

Chain Reaction - Multicoin's Kyle Samani: The Evolution Of the Web3 Stack

Host Tom Shaughnessy talks to Kyle Samani, Founder and Managing Partner of Multicoin Capital. Kyle discusses his predictions for the middle layer and full-stack development, attracting developers to the crypto space, how competition in the industry will develop, and a complete discussion on the Web3 Stack.

Key Points

While there are a lot of opportunities higher up the stack, there is the most money in layer one because that's what has been proven stable over time.The next few years will see an explosion of Web3 experimentation.In crypto, like with everything in technology, developments will happen very slowly, then suddenly very quickly.Quotes

'œWhen I think about opportunities for investing in the middle layer, they are generally less competitive as a function of market size, and not as many developers recognize that those markets exist.' '"Kyle Samani

'œAs these services continue to mature, we're going to start to see people build world-class applications'"we're going to start to see new things come out over the next 12 months or so.' '"Kyle SamaniEpisode Highlights

Kyle recently published his 2019 update to the Web3 stack, which is about inverting the data model that powers the internet so that users own their own data.Kyle predicts that what we will increasingly see over the next few years will be more heterogeneity in investments, which will lead to more consolidation.Tech companies and teams that don't pivot the right way will likely go down with their last dollar.Kyle thinks companies that are forced to run on a chain other than Ethereum or choose to explore that will choose chains that are very good at one specific thing.It's difficult to attract new developers into crypto because the business models to make money are not yet understood.People are not good at having an historical sense of technology and understanding that once the basic idea for something arises, it takes many more years for the first iteration of the thing that will make those core ideas work.There are a lot of opportunities right now in the middle layers.There is the most money in layer ones.Developers typically want to know what will be possible in 12-24 months so they can build better applications upfront.There are structural issues with pushing complexity up the stack; the whole purpose of layer one is to abstract the complexity.Kyle agrees with Spencer Bogart of Blockchain Capital that most competition will eventually happen vertically, on one or a small number of chains.Kyle predicts that Polkadot will attack Ethereum this year, based on their recent behavior.Full-stack integrated approaches are great, but no one team can pull off all that complexity in any reasonable timeframe.Resources Mentioned:

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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, XTZ, STX, SNX, RUNE, sUSD and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.

via The Let's Talk Bitcoin Network

Crypto and the Latency Arms Race: Market Microstructures

Max Boonen, CEO of market maker B2C2, looks at recent trends in crypto market infrastructure.

via CoinDesk

Friday, 24 January 2020

Proof of Love Ep. 44 Surrogacy with Alice Hlidkova

On this episode of #ProofofLove, we invited Alice Hlidkova on to discuss the topics of surrogacy and freezing your eggs for future pregnancies.

Freezing eggs is a rising trend and Alice who recently went through the procedure gives us some answers to our questions:

  • What does it mean to freeze your eggs and what is the process?
  • What is the average age for a woman to freeze her eggs and at what age do the chances of becoming pregnant go down?
  • Do your genetics affect the likelihood of getting pregnant?

We also discuss the topic of surrogacy and Alice through her research provides us with some answers to:

  • The costs of surrogacy in the U.S.
  • What the legal obligations are for being a surrogate
  • The role of the surrogate mother in the child's life

She gives us some background about her new book, "Pretty Girl Complex: The Story of a Superheroine." The book she describes is based on a conversation with a woman from the crypto space. The character, Katie Washington is a Miami based dancer who becomes a parent before becoming a surrogate parent to a woman named Amy who couldn't have a child due to her contracting HIV. Alice shares with us the driving force and motivation for her writing the story about the death of her stepmom at 36 of ovarian cancer who couldn't have children.

About the Guests:

Alice Hlidkova is a futurist, startup coach, and technology consultant, who was raised in New York City. She is also an international media personality and speaker, who co-founded New Economies LTD to accelerate the adoption of emerging technologies, such as blockchain, fintech, and artificial intelligence through high-quality, educational video content. Alice completed a writing course at New York University. She received her Master's in Public Administration (MPA) from Carnegie Mellon University in 2017, where she helped launch several tech programs and the MetroLab Network Initiative to bring new technologies from labs to cities. As a freelance investigative journalist and entrepreneur, Alice has spent a decade writing articles on technology, business, culture, and women. In recent years, she ghostwrites for clients, with her latest work published in Forbes and Inc. magazines. She continues to explore women as superheroines and how demographic patterns and new technologies intersect. Alice enjoys advocating for women in tech, splitting her time between London and the United States.

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*You have been listening to Proof of Love. This show may contain adult content, language, and humor and is intended for mature audiences. If that's not you, please stop listening. Nothing you hear on Proof of Love is intended as financial advice, legal advice, therapy or really, anything other than entertainment. Take everything you hear with a grain of salt. Oh, and if you're hearing to us on an affiliate network, the ideas and views expressed on this show, are not necessarily of the those of the network you are listening on, or of any sponsors or any affiliate products you may hear about on the show.

via The Let's Talk Bitcoin Network

Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

Independent Reserve will expand to Singapore to take advantage of its "overwhelmingly positive" regulatory response.

via CoinDesk

Davos, CBDCs, and the Rise of Bitcoin Art

The word from Davos is blockchain not crypto, cashless futures, and CBDCs, while Brekkie von Bitcoin gives us his take on the emergent field of bitcoin art.

via CoinDesk

The Beginner's Guide to Bitcoin Part 6: How Bitcoin Works with Shinobi - WBD187

Location: Skype

Date: Friday, 17th January

Project: Block Digest

Role: Host

Beginners Guide Part 6 - How Bitcoin Works with Shinobi:

As a newcomer to Bitcoin, you can begin using the network without understanding the protocol. While in the early days Bitcoin required a level of technical knowledge, there is now a plethora of companies creating products which abstract this away.

As Bitcoin is such a unique form of money, you should invest time in understanding some of the more complicated aspects such as how the protocol works. While there are good wallets which will take care of validating transactions for you, by operating a node, you can become fully self-sovereign by validating your transactions.

The Bitcoin protocol is complicated, so in this episode, we give you an introduction and overview of how it works:

Supply - Bitcoin has a fixed supply of 21 million coins and a fixed supply issuance. Starting at 50BTC per block this reward is cut in half every 210,000 blocks (or ~every four years).

UTXOs - an Unspent Transaction Output which is used as an input for a new transaction.

Open-source - openly available source code that anyone can access allowing anyone to review and contribute to the code.

Consensus rules - the rules that full nodes must follow to be in agreement with all other nodes on the state of the blockchain

Full Node - a program that verifies and validates all transactions and blocks for the entire history of the Bitcoin blockchain

Mining - the process of adding transactions to the Bitcoin ledger and securing the network. Miners create blocks by spending energy in what is known as proof of work.

The difficulty adjustment - this alters every 2016 blocks (~2 weeks) based on the time it took to mine the previous 2016 blocks, which is how the network can maintain a ~10 minute block time.

In Part 6 of the Bitcoin Beginner's Guide, I am joined by Shinobi, host of Block Digest. In this episode, we are looking at how the Bitcoin protocol works. We discuss the supply & halvings, transactions & UTXOs, consensus rules, mining and nodes.

via The Let's Talk Bitcoin Network

Harmony Kicks Off Migration From Ethereum and Binance Chains to Its Own

Harmony is rolling out its token swap process, asking holders of its ERC-20 and BEP-2 tokens to switch to its own native asset to participate in staking and other activities.

via CoinDesk