Iterative Co-founder and Partner Chris Dannen stopped by the Williamsburg studios of Marty Bent this week to record a two-hour, Japanese-whiskey-fueled discussion of the origins of the Iterative Capital thesis and its implications. The podcast (entitled "Tales from the Crypt") has some of the most devoted and knowledgeable fans in the Bitcoin world, and a lively Twitter discussion ensued.
Tales from the Crypt #56: Chris Dannen
"Join Marty as he sits down with Chris Dannen, co-founder and Partner at Iterative Capital, to discuss a range of topics including the evolution of software development culture, destroying the technostructure, the poison that is mainstream media, and much more."
Maduro Denied in Bid to Pull $1.2 Billion in Gold From Bank of England
"Nicolas Maduro’s embattled Venezuelan regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied in its bid to pull $1.2 billion worth of gold out of the Bank of England, according to people familiar with the matter."
Despite Bitcoin’s Dive, a Former Soviet Republic Is Still Betting Big on It
"As soon as Bitfury opened its doors, Georgia created “free economic zones” where mining activities and electricity weren’t taxed. When Bitcoin and other cryptocurrencies were exchanged for dollars or pounds, Georgia treated the exchange as an export exempt from value added taxes, so Bitfury could keep every penny of earnings."
Zuckerberg Plans to Integrate WhatsApp, Instagram and Facebook Messenger
"The move, described by four people involved in the effort, requires thousands of Facebook employees to reconfigure how WhatsApp, Instagram and Facebook Messenger function at their most basic levels. While all three services will continue operating as stand-alone apps, their underlying messaging infrastructure will be unified, the people said. Facebook is still in the early stages of the work and plans to complete it by the end of this year or in early 2020, they said."
Taproot Is Coming: What It Is, and How It Will Benefit Bitcoin
"Bitcoin users may, before long, be able to benefit from a trick called “Taproot.” First proposed by Bitcoin Core contributor and former Blockstream CTO Gregory Maxwell, Taproot would expand on Bitcoin’s smart contract flexibility, while offering more privacy in doing so. Even the most complex smart contracts would, on the blockchain, typically be indistinguishable from regular transactions."
Pretty stark chart from JPMorgan. The US stock market has grown by $13.7tn since the end of the financial crisis, helped in large part by nearly $5 TRILLION of buybacks. That's bigger than the Fed's entire QE programme. pic.twitter.com/z5fGnG4iVT— Robin Wigglesworth (@RobinWigg) January 25, 2019
Decred Launches ‘Debug Decred’ Bug Bounty Program
"With this program, Decred aims to stay true to its core value of leveraging collective intelligence in a decentralized way. That’s why we’re crowdsourcing from many bug bounty hunters, both inside and outside the community, anywhere in the world, to find and fix security vulnerabilities and further our goal of becoming a superior store of value. Impactful contributors will be rewarded handsomely — up to $25,000 for critical fixes."
Innosilicon is happy to announce that our world class engineering team is currently designing a very cool Grin Asic miner to support the Grin community. We are going to launch our best-in-class miner early summer this year.— Innosilicon Miner (@Inno_Miner) January 25, 2019
The Rise of Netflix Competitors Has Pushed Consumers Back Toward Piracy
"A new study shows that after years of declines, BitTorrent usage and piracy is on the rise again. The culprit: an increase in exclusivity deals that force subscribers to hunt and peck among a myriad of streaming services to actually find the content they’re looking for."