The Intrepid Report Issue #72
Here’s what’s in store for you this week: Bitcoin’s finite supply debate, and a Venezuelan explains how Bitcoin is saving his family. We’ve got thoughts from The Blockchain Review on the difference between Blockchain and Distributed Ledger Technology (DLT), as well as insights on blockchain governance, a response to Bitcoin critics, and more. Check it out below!
Binance Releases a First Version of its Decentralized Crypto Exchange
Binance, the world’s largest crypto exchange, has launched an initial version of its highly anticipated decentralized trading service. Decentralised exchanges (dex) allow users to trade directly from their wallet, as opposed to the cumbersome exercise of transferring tokens into an exchange to trade and then withdrawing them afterward. Here’s more on Binance’s dex.
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Don’t Expect Bitcoin’s Supply to Change
Wladimir van der Laan, the lead maintainer of bitcoin’s most widely used software, has harsh words for those engaged in an ongoing debate about whether the cryptocurrency’s finite supply will ever be increased. Here’s more on the rationale behind keeping Bitcoin’s supply finite.
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Venezuelan Explains How Bitcoin is Saving His Family
As the situation in Venezuela intensifies, a local bitcoin user details how he and his family use the cryptocurrency to survive the country’s ongoing crisis. Keeping all of his money in bitcoin, he only exchanges small amounts into the hyperinflating bolivar when necessary.
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What’s the Difference Between Blockchain & Distributed Ledger Technology?
Even though they are different, the terms Blockchain and Distributed Ledger Technology (DLT) are often used interchangeably. This has led to a significant amount of confusion. So, what’s the difference?
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No Such Thing As Decentralised Governance
The terms off-chain governance and decentralised governance are used with abandon in the ‘crypto’ space and without a full grounding in political philosophy. Here’s a trias politica model (separation of powers) which could provide more appropriate framework than traditional corporate governance or full on-chain governance.
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A Response to Bitcoin Critics
In response to crypto skeptic David Gerard’s piece on “Forget Bitcoin, try your mattress”, this response talks about where the critics are right but also the flaws in Gerard’s argument. We also cover why Bitcoin is secure and safe; how it does things that we can’t do with our existing financial system; why it’s not a waste of energy; why progressives and libertarians should both be fans; why now is the best time to learn more and get involved, and more.
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