This will be a fun thing to bring up at the bar this weekend and watch people's heads spin
"So — you see — like $60M got lost a decade ago. But, they fixed it and got a lot of people their money back.
"So that was cool, and now there's $200M left over from the fix."
https://paragraph.com/@thedao.fund/thedao-security-fund-activating-75000-eth-for-ethereum-security
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There are many news roundups, but nothing in crypto is even close to this one.
This week: Tether, Fidelity, Circle // Kansas Reserve // Bitcoin Difficulty eases // Many bears, permabull // NFTs? B(I)RB // HesabPay
https://www.frontstageexit.com/p/backstage-pass-the-bitcoin-difficulty
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Start your Thursday's right: https://www.frontstageexit.com/
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I've been covering crypto a long time now. I've been at it for a decade. Over the last few weeks I sat down and tried to articulate propositions that reflect things I really believe about the space.
I have 13.
It's all broken down in my second post on Paragraph:
https://paragraph.com/editor/RtXbHze0xfZ3LBAsj1zN
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Journalism needs investing very badly. Wild, risky investment. The efforts so far clearly have not been big enough swings because there isn't a newsroom out there that really has a business model right now.
Everything you dislike about journalism right now, I promise, is downstream from the fact that there's no real business model. Not one that's replicable and works, like in the newspaper era.
One of the things about that era that journalists today haven't really gotten over is the fact that, then, the newsroom didn't really need to think about business. It was walled off.
Because news wasn't really the business. It was a loss leader. The business was delivering grocery store inserts house-to-house in a vessel that people would open and see those inserts.
News has to find its new grocery store insert system and that will take bets.
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Thesis: @vgr’s “be slightly monstrous” is good advice for every sector but crypto
Crypto is the one sector that’s been way ahead in monstrous. As society slouches into this best Gramsci gap, crypto should start being slightly human
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Thinking about starting a restaurant that leans into low expectations. Gonna call it: Pretty Good Burrito
Marketing plan:
Pretty Good Burrito: It's not bad!
Pretty Good Burrito: Home of the just-OK salsa and no-complaints guacamole
Pretty Good Burrito: For the price? Yeah.