Dec 3, 2019 ⋅ 4 min read
It's not all bad news.
Crypto faces some major challenges ahead, and I've been guilty of expressing frustration and disappointment with increasing regularity in recent weeks.
So are we screwed, or what?
A good chunk of the news cycle that's been top of mind happens to be in areas where I'm more bearish on our prospects: US regulatory and tax regime; Libra's launch viability in the developed world (given FB is a political pariah in all western countries and unavailable in China); the ongoing gradual liquidation of ICOs/IEOs with no real upside catalysts or sticky use cases, the impact of persistent negative headlines, etc.
But there are many areas that still excite me and give me hope!
Should you be bullish, too? Don't take my word for it.
Better to listen and re-listen to this interview last week with Andreas Antonopoulos on the Defiance podcast. Andreas continues to be the clearest and most inspiring teacher in crypto. The full episode is available as a transcript as well, and it's pure gold. My favorite excerpt:
"So why is privacy and financial affairs so important? The reason is that if you understand that money is the language by which society not only coordinates but also expresses value, and where cash is the last remaining mechanism before cryptocurrencies that allows people to coordinate and express value to each other, without anyone else in the transaction without intermediaries, then it becomes obvious that if you lose the ability to have privacy on those issues, it undermines many of our other fundamental freedoms."
It's 55 minutes long, and I listened to it three times this holiday weekend.
It's that good, and Andreas is that good. I needed the pick me up. Maybe you do to.
-TBI
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Prior to founding Messari, Ryan was an entrepreneur-in-residence at ConsenSys, and on the founding teams of Digital Currency Group, where he managed the firm’s seed investing activity, and CoinDesk, where he led the company’s restructuring & annual Consensus conferences. He has been an investor & prolific writer in the crypto industry since 2013.
About the author
Prior to founding Messari, Ryan was an entrepreneur-in-residence at ConsenSys, and on the founding teams of Digital Currency Group, where he managed the firm’s seed investing activity, and CoinDesk, where he led the company’s restructuring & annual Consensus conferences. He has been an investor & prolific writer in the crypto industry since 2013.