Finishing|
In this issue of Satoshi Mamoto’s Notes, we break through the usual 5 selected articles with 20 times leverage, and let’s review the high-quality articles of this year. This may be the last dry article about the blockchain before 2020.
For many cryptocurrency investors, 2019 is a sad year, although this year, there are some cryptocurrency projects with bright currency prices (BTC as a hedging asset in the first half of the year, the platform currency detonated by IEO, XTZ and ATOM in the Staking economy , Defi's SNX, the king of cooperation and Memecoin represent LINK, but most of the mainstream or non-mainstream currencies have fallen below new lows with the weakness in the second half of the year.
This year has been hailed as a year of many. Some people say that this year is the year of PoS and Staking, and Coinbase and Binance began to fully support the pledge economy; some people say that this year is the year of Defi, and the value of Defi locked on Ethereum has repeatedly broken new highs; Some people say that this year is the year of DAO, and MolochDAO leads the trend of DAO; others say that this year is the year of cross-chain, and the ecology of Polkadot and Cosmos has brought new attention to the market. This year’s currency price may be a sad year, but the stories and foundations of various themes are constantly changing and trying new things. After a few years, when we look back, this may be a sad year and a turning year.
first level title
January | Forecasts are blooming, and Defi and DAO are emerging
01) Cryptocurrency Investment Thesis, 2019 Predictions
When: January 2, 2019
By Arjun Balaji
Category: Investment Philosophy
Introduction:
Introduction:
At the beginning of 2019, there were several forecast articles about 2019. This is one of the best works, and I personally think that it is the best forecast for 2019. Arjun is a partner of Shomei Capital (now he has gone to Paradigm). This is not only a forecast, but also a lot of popular science knowledge and thinking about the industry. Even looking back a year later, many of his predictions are very advanced. Although most of them have not been realized, many parts are on the track according to his predictions. You take his predictions as the annual predictions for 2020, The content is still very engaging. To quote him at the end "In the next few months and years, we will enter a fairly long-term low ebb. Many people will spend time thinking about what is the next thing that can be landed in the crypto world. After the 2013/2014 cycle, there are new ones like Ethereum Protocols, payment processing tools, etc., but most people who enter this space in the bubble will get out. But anyway, the crypto genie was out of the bottle as early as ten years ago, and it has brought many stories and change, and this change is bound to continue.”
Full text link:
https://medium.com/@arjunblj/crypto-theses-for-2019-dd20cb7f9895
02) How VCs ruined ICOs in 2018
When: January 5, 2019
By Chris @ICODog
Category: Financing
Introduction:
Introduction:
The end of 2017 and the beginning of 2018 were the happiest time for ICO, and with the bear market, many ICO projects fell by nearly 95%. ICOdog is an ICO project evaluation website. Chris is a member of the team. He wrote this article (divided into four parts) about his analysis of the reasons for the ICO crash in 2018, pointing at the greed of cryptocurrency institutions and funds that led to ICO Walking into the unsustainable development status, he explained the Pump and Dump in the ICO (pulling the plate, smashing the plate and cutting leeks) with examples, and among them, FBG, which was all-powerful in 18 years, also became the object of his example. At that time, the ICO market sentiment was at an absolute trough,
Full text link:
https://icodog.io/news/how-the-vc-cartel-is-destroying-icos-episode-1/
03) Pantera's Investment Thesis: Decentralized Finance
When: January 8, 2019
By Joey Krug
Category: Investment Philosophy
Introduction:
Introduction:
To be honest, this majestic article by Pantera on decentralized finance may be of great significance, an article that really kicked off the popularity of DeFi. Before this article, Defi was still a scattered combination, a concept that was taking shape, and some pioneers talked about investment stories. To a large extent, this article gives a formed investment theory and a summary of investment directions, bringing decentralized finance and Defi into the mainstream media and mainstream currency circle investment institutions. Looking back at this article, you will find that the development of Defi this year, the number of applications and the popularization of knowledge, are very gratifying compared to a year ago. Thanks to Joey Krug and Pantera.
full text link
https://medium.com/@PanteraCapital/a-crypto-thesis-47eaacf861ca
04) Explore the ability of decentralized network virus transmission through Meme
When: January 13, 2019
By Max Bronstein
Category: Cryptocurrency Community
Introduction:
Introduction:
@fast chain@fast chain, this is a Chinese self-media that I see alone spreading and doing Meme). Chainlink in 2019 is the biggest representative of Memecoin. The community created a large number of spoof pictures that are easy to spread, and successfully created the most destructive communication community after XRP Army and Dogecoin. In the final analysis, Bitcoin is also a Memecoin. The author tried hard to systematically explain what a Meme is. It may not be a very easy-to-understand explanation, but it is a good attempt, and of course there is nothing else that can do it better. Meme more needs to be done and immersed in it.
full text link
https://maxbronstein.com/exploring-decentralized-networks-through-memetics-part-1/
05) 96 predictions for blockchain in 2019
When: January 15, 2019
By Ryan Selkis
Category: Investment Philosophy
Introduction:
Introduction:
Ryan Selkis, the editor-in-chief of Messari, wrote 96 predictions for the blockchain in 2019. Their recent predictions for 2020 are very good. Looking back now, this 2019 is a bit crude in comparison, but it was already a good work at the time. There are many excellent predictions in it, such as "BTC and ETH have bottomed out", and there are also a lot of slaps, such as "EOS will surpass ETH". It is recommended to read it together with Arjun Balaji's 2019 forecast.
full text link
https://medium.com/messaricrypto/96-theses-for-crypto-in-2019-1498fe1a14e
06) The Year of Ethereum (2018)
When: January 16, 2019
By Josh Stark, Evan Van Ness and Daniel Zakrisson
Category: Currency Guide
Introduction:
Introduction:
L4 co-founder Josh Stark and Ethereum "spokesman" Evan Van Ness worked together. Evan himself was also the editor of Week in Ethereum News. At that time, there was no emergence of ETH Hubs, so this was the most comprehensive and cutting-edge at that time. The annual summary of Ethereum, if you look at the following six items of the annual summary of Ethereum in 2018, you will know how cutting-edge it is, because it is very cutting-edge even now. "The most important developments in Ethereum in 2018: 1. More people are starting to use Ethereum to do more things - but we are nowhere near mass adoption; 2. Decentralized Finance (DeFi) and stablecoins - A new type of application that has seen many product launches and some groundbreaking successes; 3. Year of #BUIDL - Building applications on Ethereum just got easier. Our development and security tools have improved dramatically , we did a better job of sharing best practices, hackathons became a trend; 4. Layer 2 Scaling – launched multiple “Layer2” applications, and we made progress in making these scaling solutions accessible to developers 5. Zero-knowledge technology – zkSTARK…”; 6. ETH 2.0 / Serenity — roadmap solidified and shifted from research project to engineering work. "
full text link
https://medium.com/@jjmstark/the-year-in-ethereum-87a17d6f8276
07) Why 2019 will be the year of the DAO
When: January 17, 2019
By Stefano Bernardi
Category: Blockchain Governance
Introduction:
Introduction:
Stefano Bernardi is the community leader of Aragon, the DAO foundation project, and executive director of the Aragon Association. Interestingly, this article was published very close to Moloch DAO’s article. The article mainly lists six major trends, including: a. Talent globalization and “work” transformation, b. Resource-rich stakeholder network needs to be coordinated , c. The rise of decentralized finance, d. Participation in governance standardization, e. De-platform monopoly, f. The rise of political/social organizations. It leads to the fact that 2019 will be the year of DAO, but now, the development of these trends is still too far ahead. The use of DAO remains to be seen, but the application examples of DAO are exciting.
full text link
https://tokeneconomy.co/why-2019-will-be-the-year-of-the-dao-20f18117e4c1
08) Moloch DAO: Collapsed Corporations
When: January 17, 2019
Author: Simon de la Rouviere
Category: Blockchain Governance
Introduction:
Introduction:
In the previous article, Stefano Bernardi told the annual story of DAO, while MolochDAO used himself as an application example to start an annual story of DAO, which successfully set off the DAO trend in the Ethereum community. This article introduces the idea and design principle of Moloch DAO in detail.
full text link
https://medium.com/@simondlr/the-moloch-dao-collapsing-the-firm-2a800b3aa2e7
09) The rise and fall of the cryptocurrency narrative
When: January 24, 2019
By: Dan Held
Category: Cryptocurrency Narratives
Introduction:
Introduction:
Each development period of cryptocurrency has a unique cryptocurrency narrative. This narrative (story) serves as the core of communication, better for communication and public awareness, and at the same time as an investment argument. The article cites various narrative developments in Bitcoin and Ethereum, proposing "Narrative Antifragility".
first level title
https://tokeneconomy.co/quantum-narratives-859cde44401b
February|Compound's first appearance as the overlord, the middle layer protocol is popular
10) Realization of digital asset loans through open protocols 2018 report
When: February 4, 2019
Author: Bloqboard
Category: Defi
Introduction:
Introduction:
Also known as "2018 Defi Development Report", you can see the development status of Defi in early 2019, because Defi was mainly focused on lending at that time, so this can be viewed as a Defi industry report. At that time, Maker accounted for more than 80% of the market, Compound was emerging as the overlord, and Dharma was still a rising star with high expectations. At that time, there were very few projects. If you want to explore the development of Defi, this is a very interesting report.
full text link
https://bloqboard.com/research
11) Cryptocurrency Industry Map
When: February 7, 2019
By Ash Egan
Category: General Basics
Introduction:
Introduction:
Ash Egan is a partner of accompliceVC. The biggest highlight of the article is the map (industrial structure framework). For many traditional institutions or investment institutions that are new to the cryptocurrency industry, it is enough to lay out unicorns according to his industry map. It can well capture the industry dividend of blockchain. His perspective is not limited to currency, but investment in the entire industry. The article is more capital-institutional, not retail investors.
full text link
https://medium.com/@Ashaegan/market-mapping-crypto-f2c138130356
12) The middle layer protocol is the most beautiful
By Chris Burniske
By Chris Burniske
Category: Investment Philosophy
Introduction:
Introduction:
Placeholder has always been one of my favorite institutions. This article was written by their partner, Chris. Chris is famous for his research on valuation, and their other partner, Joel, is famous for his "fat agreement" investment. author of the theory. In this article, to a certain extent, they are a "negative" extension of the "fat agreement", taking the "middle layer" as the investment target. The reason is that "interoperability of state and value could put downward price pressure on layer 1 blockchains without monetary premiums, while enabling robust middleware protocols to cross-chain in their respective services, in their domain The winner takes all."
full text link
https://www.placeholder.vc/blog/2019/2/14/the-defensibility-of-middleware-protocols
13) A Primer on Changes in Bitcoin Investor Sentiment and Saving Behavior
When: February 20, 2019
Author: Adamant Capital
Category: Valuation Theory
Introduction:
Introduction:
For institutional investors, the question "What is your model for valuing Bitcoin?" is often asked. Investors want to know what are the fundamental drivers behind BTC price fluctuations and whether Bitcoin is overvalued, undervalued or at fair value at a given time. Adamant Capital provides a brief history of Bitcoin’s valuation theory and proposes two new ways to measure changes in Bitcoin’s preservation behavior: Relative Unrealized Profit/Loss Ratio (≈Investor Sentiment) and HODLer Position Changes (≈Insider Buying /sell), and also introduced “Liveliness,” a metric that reflects the extent to which depositors are meaningfully using cryptocurrencies.
full text link
https://medium.com/@adamant_capital/a-primer-on-bitcoin-investor-sentiment-and-changes-in-saving-behavior-a5fb70109d32
14) Decentralized Charity Ecosystem
When: February 21, 2019
By Joe Waltman
Category: Application
Introduction:
Introduction:
Despite Bitcoin’s early idealism, the potential of using digital currencies to bring aid to people in regions where currencies or governments have been undermined is often overlooked. The author describes a fairly comprehensive decentralized charity ecology.
full text link
https://medium.com/givecrypto/the-decentralized-charity-ecosystem-8cf8eaea7b21
15) The Next Fintech: Global "Open Finance" Infrastructure
When: February 22, 2019
Author: Andrew Wong
Category: Defi
Introduction:
Introduction:
Open Finance "Open Finance" - an open source financial services infrastructure based on public blockchains - may be the next major form of digital finance after Fintech. Driven by the transformation of virtual liquidity (deposits in bank accounts) to digital liquidity (tokens in digital wallets), the level playing field can provide financial inclusion. New monetization mechanisms are introduced, encouraging innovations that were not possible before.
full text link
https://medium.com/macro-narratives-in-blockchain/the-next-fintech-global-open-finance-infrastructure-90ac093a411b
16) Surviving Crypto Winter 3: Why Privacy Coins Will Rule the Next Bull Market
When: February 26, 2019
By Daniel Jeffries
Category: Privacy
Introduction:
Introduction:
MimbleWimble at the beginning of the year brought a wave of upsurge in privacy coins, and also set off a new in-depth thinking about cryptocurrencies and privacy. This article gives a very comprehensive and systematic development and thinking about privacy coins. It’s a bit lacking in depth, but it’s pretty good in terms of generality. It’s a very comprehensive article on privacy issues and tokens.
full text link
https://hackernoon.com/surviving-crypto-winter-part-three-why-privacy-coins-will-rule-the-next-bull-run-7a50a093e596
17) The era of blockchain: the blockchain market is eating the world
By Taylor Pearson
By Taylor Pearson
Category: Cryptoeconomics
Introduction:
Introduction:
From ancient times to the present, the author lists the economic structure of each era to explain to us the significance of Bitcoin and blockchain. "Whether or not Bitcoin survives, Pandora's box is now open. In the same way that computing and the Internet opened up new frontiers for the economy that the market swallowed, so does blockchain and cryptocurrency technology, another that the market swallows." Domain: Currency."
first level title
https://www.ribbonfarm.com/2019/02/28/markets-are-eating-the-world/
March|Scalability and privacy are on the same line, and the first and second layer solutions still have a long way to go
18) Bitcoin, Pizza and the Lightning Network
When: March 1, 2019
By Connor Dempsey
Category: Scalability
Introduction:
Introduction:
The author is from Circle. In order to better understand Bitcoin’s Lightning Network, the author uses Lightning Network to order pizza. In fact, he ordered a lot of pizzas. By ordering pizza, he can experience Bitcoin’s Lightning Network. This is an experience report, and finally experience The conclusions are both pessimistic and optimistic.
full text link
https://medium.com/circle-research/bitcoin-pizza-and-the-lightning-network-8a8980cbab41
19) MimbleWimble report
Time: March 8, 2019
Author: Circle Research
Category: Privacy
Introduction:
Introduction:
Circle wrote a lot of reports at the beginning of the year. This report is also the first report that I think comprehensively introduces and organizes Mimblewimble. With the decline of Circle, the original address may no longer be available, but you can still search for titles on Baidu. Find some Chinese translations.
full text link
https://www.circle.com/en/research/mimblewimble
20) Establish a token correlation trading strategy to arbitrage
Time: March 8, 2019
By Alex Woodard
Category: Arbitrage Trading
Introduction:
Introduction:
Overall irrelevant assets (BTC digital gold and ETH world computer) move together, indicating immaturity of the market. In a highly correlated market, the fundamental value and quality of the item becomes less important, and the price is mostly arbitrary. Overall, this leads to reduced portfolio diversification and increased risk for cryptoasset investors and managers. But this high correlation presents an opportunity for savvy investors. In this blog post, the author introduces currency pair trading in cryptoasset investing, looks for statistical differences between return correlations for pair trading opportunities, and presents a case study of currency pair trading between Ethereum and Augur .
full text link
https://medium.com/@alexwoodard17/arbitraging-inefficient-markets-building-a-trading-strategy-on-correlations-a5c3eacad914
21) Cosmos Network: The internet of blockchains is coming
Time: March 12, 2019
Author: Paradigm Fund
Category: Cross-chain
Introduction:
Introduction:
At the beginning of the year, the star project Cosmos was launched, which attracted a lot of attention as a cross-chain duo. This is a relatively detailed introduction and analysis of the Cosmos project at that time.
full text link
https://medium.com/paradigm-fund/cosmos-network-the-internet-of-blockchains-is-coming-9ce956c7b78
22) Schnorr signatures and the inevitability of Bitcoin privacy
Time: March 14, 2019
By Lucas Nuzzi
Category: Privacy
Introduction:
Introduction:
Schnorr signatures may be the most important improvement of Bitcoin in the past one or two years, but many people may not have heard of Schnorr signatures or know little about them. This is the best popular science article on Schnorr signatures so far. Mass adoption of Bitcoin depends on the strength of its privacy guarantees. At the same time, the popularity of the Lightning Network and its own potential for private payments has created uncertainty about the future demand for on-chain settlement after the last bitcoin has been mined. Therefore, the need for privacy and the long-term sustainability of Bitcoin without block rewards are perhaps the two most worrisome issues surrounding Bitcoin today. Fortunately, the privacy mechanisms enabled by Schnorr can potentially solve both problems at the same time.
full text link
https://medium.com/digitalassetresearch/schnorr-signatures-the-inevitability-of-privacy-in-bitcoin-b2f45a1f7287
23) Where is the value of tokens?
When: March 20, 2019
By Boris Wertz
Category: Valuation Theory
Introduction:
Introduction:
During the ICO bubble of 2017, almost every cryptocurrency project introduced tokens (often solely for fundraising purposes). However, few have answered why they actually need a unique token for their project and how that token will actually generate value. While the concept of how tokens actually increase in value over time has evolved somewhat over the past few years, the fundamental question has always been whether there are more people wanting to hold that particular token than sell it (which is implying that prices should rise).
full text link
https://versionone.vc/where-is-the-value-in-tokens/
24) Understand the generalized Plasma structure
Time: March 26, 2019
Author: Plasma Group
Category: Scalability
Introduction:
Introduction:
The Plasma Group, the research arm of Ethereum's second-layer scaling technology, has published an article describing our new work on the broader Plasma architecture. This post describes the architecture in more detail for those interested. We'll explore how everything fits together at a high level, and then dive into an example implementation in Python.
first level title
https://medium.com/plasma-group/plapps-and-predicates-understanding-the-generalized-plasma-architecture-fc171b25741
April | IEO lacks sustainability, WorkToken becomes a hot spot for exploration
25) The impact of the IEO phenomenon on the market and token models
When: April 1, 2019
By Derek Hsue
Category: Financing
Introduction:
Introduction:
A researcher from Blockchain Capital wrote that when the IEO sentiment was high, he published an article to draw everyone's attention to sustainability and risks, and the performance of the subsequent IEO was also as expected. The most classic sentence is "high-quality projects will not raise funds through IEO".
26) Why Ethereum will be the global settlement layer
When: April 9, 2019
By Joe Lubin
Category: Investment Philosophy
Introduction:
Introduction:
Joe Lubin, co-founder of Ethereum and founder of Consensys, gave a speech at the Seoul Blockchain Week, kicking off the story of "ETH is Money". This is a big milk article on Ethereum. It mainly wants to say that Ethereum will become the base of decentralized finance and the global settlement layer.
full text link
https://media.consensys.net/joe-lubin-why-ethereum-will-become-the-global-settlement-layer-9b5f90d85be2
27) Token Staking Economics: Exploring Work Tokens
When: April 13, 2019
By Anjan Vinod
Category: Cryptoeconomics
Introduction:
Introduction:
Work Tokens have emerged as a novel way to interact with and contribute to decentralized applications. Work tokens introduce a new method of network participation. With the right incentives, in theory, participants are motivated to actively contribute to the network. In the work token system, network participants need to pledge a certain amount of tokens to provide services for the network and obtain corresponding income. Similar to the taxi license model, where individuals pay a high upfront cost to obtain a license, which entitles them to drive a taxi or lease the license for additional income.
full text link
https://blockchainatberkeley.blog/stake-to-play-token-economics-exploring-work-tokens-7e1b30ec53dc
28) Why DAI is the biggest threat to Ethereum
Time: April 15, 2019
By David Hoffman
Category: Defi
Introduction:
Introduction:
The author puts forward a new point of view on the role of DAI in the ether relationship. DAI is the center of decentralized finance, its role is gradually enlarged, and it becomes the sun of Ethereum, and Ethereum revolves around DAI.
full text link
https://medium.com/pov-crypto/dai-is-not-1-dollar-470c5e00abd4?
29) Status of DAO
Time: April 18, 2019
Author: Vu Gaba Vineb
Category: Blockchain Governance
Introduction:
Introduction:
In this article, the author lists the most famous DAOs that ever existed, are already running and will be released in the near future. When discussing DAOs, I will categorize them according to 3 main attributes: nature of decision making; rewards for participation and level of decentralization. Along the way, there are also the author's comments on the DAO, and concerns about any mechanism. With the launch of Polkadot, MolochDAO, DigixDAO, GenesisDAO, DxDAO, WBTC DAO, and PolkaDAO, 2019 can be said to be the year of the DAO. It's nice to see a variety of different concepts among those new to the DAO space. In practice, some of these concepts may work, and some may not. Regardless, it will be exciting to witness early experiments with new approaches to human coordination via DAOs.
full text link
https://hackernoon.com/the-state-of-the-daos-b7cba318460b
30) Reveal the ecosystem financing pattern
Time: April 18, 2019
By Marc Weinstein
Category: Investment Philosophy
Introduction:
Introduction:
Advanced technology may not be enough to win this smart contract platform war, so the team is using every tool available to grab the attention of developers. This includes deploying funds through foundations and funds. Gaining widespread developer attention could positively impact future core protocol development. The fat protocol argument may play out in the long run, but for now, the capital flow initially injected into layer 1 is moving up the stack back to the application layer, which is critical to bringing users to these platforms. Many people underestimate the impact of ConsenSys on the growth of the Ethereum community. Remember, over the past two years, ConsenSys has deployed hundreds of millions of dollars in equivalent capital to dozens of startups and developers.
full text link
https://medium.com/wave-financial/unraveling-the-ecosystem-financing-landscape-f819a159baf5
31) How the utopian vision of Web 3.0 collides with reality
When: April 22, 2019
By Marlene Ronstedt
Category: Web3.0
Introduction:
Introduction:
Marlene Ronstedt is a writer and artist who has written a broken dream essay on Web3.0 from a social and historical perspective. The article is mainly divided into three parts, what is Web3.0, who is building Web3.0, and why this is just utopia. I like her two points very much: "We have been pursuing decentralization, but found that we have only been decentralizing our infrastructure, but not decentralizing our wealth." "It is difficult for us to pass a new Decentralizing the internet to fix our old internet, and this new internet funded by the old internet’s funders.”
full text link
http://hackernoon.com/how-the-utopian-vision-of-web-3-0-clashes-with-reality-60a8dfb2fb3b
32) Bitcoin and the Lightning Network Stack
When: April 25, 2019
By Spencer Bogart
Category: Key Concepts
Introduction:
Introduction:
The Lightning Network is just one layer in the emerging Bitcoin stack. These different layers, or protocols, will likely all serve different functions, but share one underlying commonality: they exist to make Bitcoin more useful than it already is.
full text link
https://medium.com/blockchain-capital-blog/lightning-is-only-the-beginning-the-emerging-bitcoin-stack-fb6d4aefb664
33) Is Defi the killer app of Ethereum? Compound case
When: April 26, 2019
By Dave Kajpust
Category: Defi
Introduction:
Introduction:
Compound is a money market protocol built on Ethereum, which provides Ethereum users with the function of shorting and earning interest on idle assets. If the decentralized financial agreement can attract enough pledged assets, they can charge a fee of 0.1%-4% with reference to the traditional financial system and profit from it. The traditional currency market is expected to have a market size of US$3 trillion, which is a huge opportunity, and global financial products are expected to have a market size of US$100 trillion, all of which bring opportunities for decentralized financial products. They develop products in silence and then release them to the public when they are ready for use. This gives them a clear first-mover advantage, helping them build their brand and attract more money. This is a realistic strategy for many decentralized financial products, showing that there is no market demand for protocol tokens that have no utility value. If Ethereum loses its edge, these decentralized financial products can migrate to other smart contract platforms.
first level title
https://medium.com/@davekaj/is-defi-ethereums-killer-app-60f18bf785af
May|The market is boring, looking for more tricks of Staking and Defi
34) All roads lead to Rome (Three Narratives and Audiences of Bitcoin)
When: May 3, 2019
Author: Andrew Wong
Category: Investment Philosophy
Introduction:
Introduction:
Born out of the depths of the 2008 financial crisis, Bitcoin sought to position itself as an alternative to the existing currency and banking system. Its very existence has sparked a global soul-searching, especially among young people, that has questioned what "money" really means. While it’s too early to judge Bitcoin’s long-term success, this article explores the narrative forms that have driven interest in the topic. It explores 3 main narratives and audiences about Bitcoin 1) people who oppose the "dragons" of money and banking; 2) the search for a "store of value" asset;
full text link
https://medium.com/macro-narratives-in-blockchain/all-roads-lead-to-rome-8978f3c608a1
35) Introduction to CIRI: Crypto Rate Index
Time: May 6, 2019
By Marc Weinstein
Category: Investment Philosophy
Introduction:
Introduction:
Healthy fixed income markets require well-known reference rates. In the absence of such an index, it is difficult for market participants to fairly price various fixed income instruments. In short, they don't know the price everyone else is paying. Without this information, it is difficult for parties to reach an agreement and for markets to properly price credit risk. An interest rate index would remove this information friction and ultimately help improve overall market liquidity. In order for a thriving fixed income market to emerge in cryptocurrencies, we need to determine an appropriate "risk-free" benchmark rate.
full text link
https://messari.io/article/introducing-ciri-crypto-interest-rate-index
36) 7 Ways To Earn Passive Income Via Cryptocurrencies
Time: May 16, 2019
Author: Staking Rewards
Category: Investment Philosophy
Introduction:
Introduction:
In this article, the author introduces 7 main ways and specifically mentions how you can capitalize on the trend of productive crypto assets and finally start earning a decent passive income. There are mainly staking, work tokens, Defi loans, market-making liquidity, payment channels, security tokens, algorithmic trading, etc. In fact, these 7 methods still have a lot of potential development space. With the emergence of Staking and DeFi, people can use encrypted assets in many ways to generate passive income. All the above opportunities are just the beginning, and we are still at the beginning stage.
full text link
https://medium.com/@stakingrewards/7-ways-to-earn-passive-income-with-cryptocurrencies-8de66090628d
37) Blockchain past and future: where we are going and why
Time: May 24, 2019
By Spencer Bogart
Category: Investment Philosophy
Introduction:
Introduction:
Overall, even industry insiders have greatly exaggerated the possibility of the new chain surpassing Bitcoin. Bitcoin has more users, more value-at-risk, more visibility, more on-ramps, the best supporting infrastructure, and arguably the most prudent set of "tradeoffs" in the public blockchain space ( Emphasis on security, long-term scalability and perfect) predictable monetary policy).
full text link
https://medium.com/blockchain-capital-blog/the-past-future-of-blockchain-where-were-going-and-why-2b26acb45091
38) DAOstack: The Future of Smart Companies
Time: May 27, 2019
By Josiah Swaim
Category: Blockchain Governance
Introduction:
Introduction:
Decentralized autonomous organization, referred to as DAO. DAOstack is not only for financial innovation, but also for the potential of social technology and human civilization. Are these just the dreams of Cypherpunks and idealists in a future where many believe they have the power to revolutionize organizational structures? Or what else are these thoughts? This article introduces some of the characteristics of DAOstack, why it can effectively organize and reorganize society, and fit more closely with the general public.
full text link
https://hedgetrade.com/daostack-the-future-of-smart-companies/
39) Satoshi Nakamoto's predecessors inspired the vision of Bitcoin
Time: May 28, 2019
Author: Tony Sheng
Category: Historical classics
Introduction:
Introduction:
In this article, Tony Sheng introduces some of the "cryptocurrency" related projects that preceded Bitcoin. E-Cash by David Chaum in 1982; Associated Timestamp by Haber and Stornetta in 1991; b-Money by Wei Dai in 1998; Hashcash by Adam Back in 2002; Bit Gold by Szabo in 2005.
full text link
https://tonysheng.substack.com/p/design-goals-bitcoin-predecessors
40) MimbleWimble application in IoT
When: May 30, 2019
Author: Grayblock
Category: Privacy
Introduction:
Introduction:
Realizing privacy and anonymity in INT transactions, using the popular Mimblewimble, this article also gained a certain amount of attention at the time.
first level title
https://medium.com/coinmonks/mimblewimble-in-iot-72cdec6bedec
June | Various DAOs are coming into view, and Rollup has become a Layer2 star solution
41) Design principles of Ethereum 2.0
When: June 7, 2019
By Raul Jordan
Category: Currency Guide
Introduction:
Introduction:
Much has been written around Ethereum 2.0's roadmap, its research proposals and current state. However, little has been publicly reported about the design principles and invariants behind many of its inner workings. Having a clear set of invariants is critical to the success of this coordinated, multi-year effort, and it also allows implementers to be on the same page when it comes to Ethereum philosophy. This article will explain some of these design decisions, their background, and why they are critical to the future of the protocol. The author of the article is the co-founder of Prysmatic Labs and also a partner of zk Capital, mainly responsible for the development of Ethereum 2.0.
full text link
https://www.tokendaily.co/blog/design-principles-of-ethereum-2-0
42) Binance Defi Report
Time: June 8, 2019
Author: Binance Research
Category: Defi
Introduction:
Introduction:
The report, the first in a DeFi series, will cover different platforms and protocols aimed at disrupting the existing financial industry and infrastructure. Specifically, this report will discuss the fundamental cornerstone of DeFi: decentralized crypto asset lending platforms.
full text link
https://research.binance.com/analysis/defi-1
43) The Crypto Wave: Past, Present and Future
Time: June 8, 2019
By Kerman Kohli
Category: Investment Philosophy
Introduction:
Introduction:
Speculator -> User -> Builder (designer, product manager, developer) -> Entrepreneur. Over time, the number of this group dwindles rapidly, but the results become more and more mixed as people reach the end point over the decades. Technical problems are the easiest to solve, convincing people to believe in the ideology behind the blockchain movement is the hardest. Before the expansion wave, there will be 1-2 speculative waves. Each speculative wave will be 10 times higher than the previous one.
full text link
https://hackernoon.com/the-crypto-maze-the-present-future-2111fd948292
44) Cryptopolitical Theory
Time: June 11, 2019
Author: Erik
Category: Cryptopolitics
Introduction:
Introduction:
It is the inviolability of mathematics that animates cryptography that has spawned a new form of economic, social, and political power: cryptosovereignty. By rendering the violent physical force of state legal apparatuses and other savage adversaries useless in digital space, cryptocurrencies create a value through a series of mathematical operations that is completely free from the control of any state. The world turns pages. This is the birth of a new type of socio-political digital economic complex.
full text link
http://cryptosovereignty.org/the-political-theology-of-crypto/
45) DeFi Series: MakerCDP Loans and Top User Statistics
Time: June 14, 2019
Author: alethio
Category: Defi
Introduction:
Introduction:
MakerDAO locked about 96% of the ETH in the main platform (worth 1.65 million ETH, $410 million on June 7, 2019). This article digs into Maker CDP-related activity and presents statistics on its active users and top DAI borrowers.
full text link
https://medium.com/alethio/the-defi-series-statistics-around-maker-cdps-loans-and-top-users-67d5a634c58c
46) Facebook and Bitcoin
Time: June 16, 2019
By Jonathan Caras
Category: Currency Guide
Introduction:
Introduction:
This article was written before the launch of the Libra white paper. At that time, many people wrote Libra speculations, and this is one of the best.
full text link
https://medium.com/lionschain-capital/facebook-vs-bitcoin-bbbbf4b832f2
47) Highlights of four DAO projects (Aragon, DAOstack, Colony, Moloch)
Time: June 16, 2019
By Daniel Kronovet
Category: Blockchain Governance
Introduction:
Introduction:
This article mainly compares the basic methods of four typical Ethereum DAO projects. Among them are Aragon, DAOstack, Colony, and MolochDAO. A brief overview of the four Ethereum DAO projects, and trying to understand the basic ideas and notable technological innovations that form the basis of their respective values. For those who want to understand and invest in the DAO theme, this can be a crash article. Take a look at these four projects , is basically enough for now.
full text link
http://kronosapiens.github.io/blog/2019/06/16/aragon-daostack-colony-moloch.html
48) Some trade-off design of Bitcoin
Time: June 19, 2019
By Nic Carter
Category: Cryptoeconomics
Introduction:
Introduction:
In this article, I discuss some of the trade-offs that Bitcoin has chosen to take unpopular or more challenging paths in pursuit of ambitious long-term goals: regulated/unregulated exchange rates; uncapped/capped supply; Frequent hard forks; discretionary monetary policy/non-discretionary monetary policy monetary policy; unlimited/limited block space. If you come across a feature of Bitcoin that seems clearly wrong, dig deeper and you'll discover its raison d'être.
full text link
https://medium.com/@nic__carter/bitcoin-bites-the-bullet-8005a2a62d29
49) Overview of several Layer2 solutions
Time: June 20, 2019
Author: Alexander Skidanov
Category: Scalability
Introduction:
Introduction:
This article is shared by NEAR and introduces some existing Layer2 solutions. The core idea behind any layer 2 solution is that it allows multiple parties to interact securely in some way without publishing transactions on the main chain (i.e. layer 1), but still somehow Utilizes the security of the main chain as an arbitrator. . Different layer 2 solutions have different attributes, advantages and disadvantages. They think that the most exciting L2 solution is Rollups, and they are very accurate. Rollup is really hot now.
first level title
https://nearprotocol.com/blog/layer-2/
July | "ETH is Money"! Ethereum wants to bring Bitcoin into the Defi ecosystem
50) Bringing Bitcoin to Ethereum
When: July 2, 2019
By David Hoffman
Category: Cryptoeconomics
Introduction:
Introduction:
Open Finance will create a one-way process from BTC to Ethereum, and Open Finance will be extremely attractive to Bitcoin. Ethereum BTC (EBTC) will be worth more than BBTC when someone can trustlessly receive a loan backed by BTC, or pay interest on the BTC you provide. BBTC will be a static asset, as EBTC can earn interest or be utilized in other ways. Dormant BBTC may also have migrated to Ethereum and borrowed on Compound, DYDX or Dharma in order to earn loan interest, the potential is limitless.
full text link
https://medium.com/coinmonks/bringing-bitcoin-to-ethereum-4c3b561080e7
51) The essence of the cryptocurrency market analysis of three trend strategies
When: July 8, 2019
Author: Adaptive Analyze
Category: Valuation Theory
Introduction:
Introduction:
Three trend-based strategies are proposed that will outperform Bitcoin in the long-term. 1) Yearly Average Price Momentum Strategy: At the end of each month, if the price of Bitcoin is above the average price of the past year, you maintain or enter a long position. Convert to fiat if it happens to be below the average price over the past year; 2) 200 SMA Momentum Strategy: Buy when Bitcoin’s price crosses its 200-day moving average up and sell when it crosses its downside; 3) Altcoins BTC momentum strategy: This strategy is based on the idea that in a trending market, if an altcoin outperforms in a given month, it is more likely to outperform in the next month.
full text link
https://adaptiveanalysis.substack.com/p/the-nature-of-cryptocurrency-markets
52) zk-SNARKs: Advanced Primer
Time: July 18, 2019
Author: klmcd
Category: Privacy/Scalability
Introduction:
Introduction:
zk-SNARKs are powerful cryptographic tools that provide new ways to achieve data privacy and authentication. But what are zk-SNARKs? This primer introduces zk-SNARKs and explains why they are so important in the blockchain environment.
first level title
https://medium.com/clearmatics/zk-snarks-a-high-level-primer-7cc031a49f2f
August | DCR enters the privacy currency, Defi emphasizes "combinability"
53) The Future of Decentralized Finance
Author: Linda Xie
Author: Linda Xie
Category: Defi
Introduction:
Introduction:
One of the most unique aspects of DeFi is composability. Protocols can plug into each other like Legos and create entirely new content. There is even the idea of collateral being transferred to a different system called hyperliquidity. There will also be more platforms where users can deposit funds and then borrow on the highest interest rate DeFi protocols (such as MetaMoneyMarket), so users don't have to manage it themselves. Users will also be able to customize various settings. For example, you can set a maximum loan amount of X% for a single protocol to reduce smart contract risk, only lend to a specific list of protocols, return funds if the interest rate is lower than Y%, or choose to convert from a different stablecoin (such as USDC to DAI ), depending on which is less costly/more favorable.
full text link
https://lindajxie.com/2019/08/07/the-future-of-decentralized-finance/
54) How to be decentralized enough, taking DAO as a case
Time: August 9, 2019
By Mohamed Fouda
Category: Basic Popularity
Introduction:
Introduction:
DAO may be the main tool to further improve the decentralization of DeFi products. DAOs allow DeFi users to make big decisions, and DeFi protocols will eventually need to decide between delegating control to DAOs in order to be truly decentralized. In addition to improving the distribution of control over current DeFi products on Ethereum, DAOs can also play an important role in bringing DeFi to Bitcoin. Many viable ways to use Bitcoin in DeFi depend on creating sidechains (such as Blockstream's Liquid) or creating Bitcoin pegs on other blockchains like Ethereum (such as WBTC or Cosmos). The problem with this approach is the centralization of peg validator selection. This problem can be greatly improved by using a DAO, where participants can decide who will act as validators. DAO participants can also earn rewards from the fees generated in the anchor zone to incentivize them to work honestly.
full text link
https://www.tokendaily.co/blog/becoming-decentralized-enough
55) Investigating the Privacy Coin Landscape
Time: August 21, 2019
By JAKE YOCOM-PIATT
Category: Privacy
Introduction:
Introduction:
When Decred announced the deployment of privacy features in the second half of the year, it concluded a market survey of the anonymous currency market. The various privacy techniques and motivations are explained, comparing the trade-offs of the various projects and techniques they use. It's a comprehensive comparison.
full text link
https://blog.decred.org/2019/08/21/Surveying-the-Privacy-Landscape/
56）WBTC vs. TBTC
By Lucas Campbell
By Lucas Campbell
Category: Defi
Introduction:
Introduction:
In 2019, we mainly saw two systems that brought BTC to the Ethereum network. These systems are wBTC and more recently TBTC. The biggest advantage of WBTC is the first-mover advantage, which allows any deposit size and the shortest lock-up period. The disadvantage is that it must pass KYC/AML. The biggest benefit of TBTC is the removal of trust in the overall system, the downside is the 6-month lock-up requirement and strict limits on the size of Bitcoin deposits.
full text link
https://defirate.com/wbtc-vs-tbtc/
57) Re-examine the cross-chain infrastructure
Time: August 27, 2019
Author: Synthetix
Category: Defi
Introduction:
Introduction:
The author developed the Defi project based on the lessons of his own blood and tears (from Ethereum to EOS), and concluded that, except for Ethereum, other platforms are immature in developing Defi. Reasons include composability, tools, talent, capital allocation, and network effects, among others.
full text link
https://blog.synthetix.io/cross-chain-infrastructure-revisited/
58) Cryptocurrency Economic Policy
Time: August 27, 2019
Author: Messari
Category: Cryptoeconomics
Introduction:
Introduction:
Categorizes and measures various aspects of a cryptocurrency's supply: Method of Issuance (defines how and how the first tokens are issued.); Initial Supply (defines how many tokens are initially issued, and how These tokens are distributed among stakeholders.) Emission Type (defines the monetary policy for issuing new tokens for a given cryptoasset.) Supply Cap (defines whether the cryptoasset supply is capped or uncapped), and then passed Study the top 80 cryptocurrencies and analyze various metrics of cryptocurrency economic policy.
full text link
https://medium.com/messaricrypto/crypto-monetary-policies-bef1779e1422
59) Decred Privacy Scheme
Time: August 28, 2019
By JAKE YOCOM-PIATT
Category: Privacy
Introduction:
Introduction:
Decred's privacy solution is an interesting hotspot in the privacy field in the second half of the year, otherwise there will be very few topics about anonymous coins in the year after get off work. It cannot be said that Decred's solution CoinShuffle ++ is amazing, but it is the most valuable and Decred in general. This article explains why Decred chose CoinShuffle++ and some of its implementation principles.
first level title
https://blog.decred.org/2019/08/28/Iterating-Privacy/
September | 26 DAI derivative projects, re-examining whether privacy is a function or a product
60) Bitcoin in the Deflationary Era
When: September 4, 2019
By Kevin Virgil
Category: Cryptoeconomics
Introduction:
Introduction:
Once in a deflationary era, deflation reduces the need for inflation hedges. In a deflationary world, investors denominated in dollars or euros who don't worry about inflation in the base currency will hold fewer assets like gold or bitcoin. However, the Negative Interest Rate Policy (NIRP) has increased the demand for cash alternatives. Stablecoins will benefit and most altcoins will go to zero. Momentum for Central Bank Digital Currencies (CBDCs) will accelerate significantly.
full text link
https://medium.com/messaricrypto/bitcoin-vs-banks-what-happens-when-your-bank-charges-you-to-hold-your-money-7520ad92d3fd
61) Cryptographic implications of cryptocurrencies
Time: September 11, 2019
Author: Erik
Category: Character Narrative
Introduction:
Introduction:
Explore the meaning of encryption in cryptocurrencies by starting with ancient meanings and expanding to pre-Bitcoin history. Encryption is roughly the entire historical ark of the past 2500 years, in which the written term κρυπτός has been used alone as a strategy for self-protection through obscurity. Encryption is about the power of privacy, and the power of decryption when the laws of anyone and everyone cannot prove and guarantee that information is hidden.
full text link
http://cryptosovereignty.org/the-encrypted-meaning-of-crypto/
62) DAI Family: Various DAIs
Time: September 14, 2019
By Kyle J Kistner
Category: Defi
Introduction:
Introduction:
Fueled by the endless creativity of the Ethereum community, we are experiencing a portfolio explosion of new products. It feels impossible not to keep up with all the new projects being released every day. This article shares more than 20 derivative projects of DAI.
full text link
https://medium.com/bzxnetwork/a-tour-of-the-varieties-of-dai-9ff155f7666c
63) Define ether as an asset
Time: September 20, 2019
By David Hoffman
Category: Cryptoeconomics
Introduction:
Introduction:
The fundamental value proposition of Ethereum. We need to increase the price of ether, so we can direct more funds to more financial platforms. This means that as Open-Finance becomes more useful, the price of Ether should expand to match demand. The higher the demand for ETH generated by Open-Finance, the better the equity ratio of ETH. Taken together, both of these forces pull the price of ETH to increase the bandwidth of Ether in Open Finance, as well as the security mechanisms that support the Open Finance economy.
full text link
https://thedefiant.substack.com/p/ether-is-the-best-model-for-money
64) Interpretation of LAO in one article: building a Silicon Valley on the blockchain
Time: September 23, 2019
Author: The LAO
Category: Blockchain Governance
Introduction:
Introduction:
The core of LAO is to resurrect DAO (this is the first major experiment of Ethereum). This article mainly addresses some questions and responses to LAO when LAO first came out.
full text link
https://medium.com/openlawofficial/unpacking-the-lao-e463f7357b4b
65) Privacy is a feature, not a product by itself
Time: September 24, 2019
By Ryan Gentry
Category: Privacy
Introduction:
Introduction:
Privacy is a feature of valuable cryptocurrencies, not a product offered by them. Users don't have to take balance sheet risk for less valuable, less secure cryptocurrencies (eg, by selling some BTC or ETH for ZEC) to achieve privacy. This article will argue that general-purpose platforms like Bitcoin and Ethereum already provide sufficient privacy guarantees for most users that niche privacy-focused blockchains are no longer needed.
full text link
https://multicoin.capital/2019/09/24/privacy-is-a-feature/
66) Compatibility and composability within Ethereum
Author: Linda Xie
Author: Linda Xie
Category: Valuation Models
Introduction:
Introduction:
Within Ethereum, protocols and applications can be easily plugged into each other and combined to create something entirely new from the ground up. This is sometimes called "Lego bricks" in the community. It might even be a completely new concept, not possible in the traditional world, rather than just a decentralized replica of our existing assets. Combining compatibility with NFT or dApps will produce unexpected products.
first level title
https://lindajxie.com/2019/09/25/interoperability-and-composability-within-ethereum/
October|Defi and Cefi will eventually fight and will eventually integrate
71) Cryptocurrency Entrepreneurs Guide
When: October 5, 2019
By Haseeb Qureshi
Category: Financing
Introduction:
Introduction:
Haseeb Qureshi, a partner of Dragonfly Capital, wrote a guide to cryptocurrency entrepreneurs, sharing a lot of suggestions he summarized in communicating with many entrepreneurs as a VC. Build something! Get users! Hire great people! repeat!
full text link
https://medium.com/dragonfly-research/so-you-want-to-build-a-crypto-startup-8904ca300794
72) Bitcoin Security and a Model of Block Reward Decline
Time: October 10, 2019
Author: Hasu
Category: Valuation Theory
Introduction:
Introduction:
More than any external attacker, the greatest threat to Bitcoin's security resides in the protocol itself. Mining experience is scheduled to drop as part of Bitcoin's fixed emissions program, which will result in lower commitments from miners. Without a growing market for block space, the decline in block rewards poses a significant risk to the future.
full text link
https://uncommoncore.co/research-paper-a-model-for-bitcoins-security-and-the-declining-block-subsidy/
73) The three major transformation directions of Ethereum and the four pillars of the moat
Time: October 12, 2019
By Joseph Lubin
Category: Investment Philosophy
Introduction:
Introduction:
Consensye founder Joseph Lupin gave a speech transcript at the Osaka Blockchain Week in Japan, mainly milking Ethereum. Good point about Ethereum's moat. All post-2015 protocols must have four pillars: 1) Tokens must be distributed widely and fairly; 2) The community must remain engaged, vibrant, and grow over time. One way to achieve this is by enabling tokens held by the community to appreciate in value. As a side note: the community must also attract a large number of the best and brightest developers and entrepreneurs; 3) the project must bring in enough capital so that it can be delivered, maintained and continuously improved; 4) Finally, here's the new piece of the puzzle: the Projects must meet regulatory requirements. Yes, the SEC has become a moat for Ethereum.
full text link
https://media.consensys.net/joe-lubins-full-speech-from-devcon-5-how-we-get-to-a-decentralized-world-wide-web-1f83b35b2a0c
74) Has Ethereum settled for Defi? Or will it lose out to these new competitors?
Time: October 19, 2019
By Mohamed Fouda
Category: Investment Philosophy
Introduction:
Introduction:
The author compares the current status, advantages and disadvantages of each public chain that has the potential to compete with Ethereum on Defi. The richness of Ethereum development tools and the maturity of Ethereum infrastructure allow developers to transform DeFi products from mere ideas to viable products in a relatively short period of time. EOS, Tezos and other Ethereum competitors currently lack the same factor. The result is a widening gap between Ethereum’s DeFi ecosystem and its competing alternatives. Companies that are just starting to target some of these competing protocols have also gradually added support for Ethereum to benefit from the growing DeFi ecosystem.
full text link
https://www.tokendaily.co/blog/dare-to-defi-away-from-ethereum
75) Overview of cryptocurrency wallet landscape
Time: October 23, 2019
Author: Richard Chen
Category: Investment Philosophy
Introduction:
Introduction:
Wallets are the key infrastructure for cryptocurrencies. Every crypto activity (whether buying or selling cryptocurrencies, holding cryptocurrencies, sending cryptocurrencies, staking cryptocurrencies, etc.) relies on wallets in some way. Just like the web browser is the gateway to the Web2 Internet, the wallet is also the gateway to the Web3. Given its importance, the crypto wallet business has received close to $400 million in funding to date, with Ledger ($88 million), Blockchain ($70 million), BRD ($54 million
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