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CTO at The 19th. Writing a novel.
Previously: Co-founder of Elgg and Known; former investor at Matter.




ConsenSys Under Fire for Collecting MetaMask Users’ Wallet and IP Addresses

““When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction,” Consensys said.”

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Stephen Diehl: Crypto is the ‘commoditisation of populist anger, gambling and crime’

“In my most empathetic reading of crypto investors, look at this country — how many young people feel that they have a chance of getting on the housing ladder? A lot of them feel that they need to invest in higher-risk assets because they need higher returns.”

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Interview: Fallen crypto CEO Sam Bankman-Fried opens up about FTX, Alameda Research, and his regrets

“It was past midnight Bahamas time, where Bankman-Fried is reportedly still located, and we went back and forth on Twitter for more than an hour.” Remarkable interview.

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FTX’s Balance Sheet Was Bad

“The problem was in its balance sheet, which was full of snakes, and its governance, which put all the snakes there.”

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Blockchain’s real world problem

“Cryptocurrencies and smart contracts truly do reduce the need for trust and centralization! However, if you want to connect them with off chain data, you need to trust the source(s) of that data. Some oracle providers like Artory vet their data sources stringently, but many, like Chainlink, don’t”

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The Only Crypto Story You Need, by Matt Levine

“Which is why we asked the finest finance writer around, Matt Levine of Bloomberg Opinion, to write a cover-to-cover issue of Bloomberg Businessweek, something a single author has done only one other time in the magazine’s 93-year history (“What Is Code?,” by Paul Ford). What follows is his brilliant explanation of what this maddening, often absurd, and always fascinating technology means, and where it might go.” Phenomenal.

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Regulating DAOs

“It’s a mistake to defend DAOs on the grounds that code is free speech. Some code is speech, but not all code is speech. And code can also directly affect the world.”

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Coin Center Says Biden Administration 'Criminalized' Open Source Code

““The Biden Administration criminalized the use of Tornado Cash, an open source software tool that helps Americans maintain their privacy while using cryptocurrency and related assets,” states the 36-page lawsuit.” I don’t agree that this has merit, but we’ll see where it goes.

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Kim Kardashian settles SEC charges over Instagram EthereumMax crypto promo

“The reality TV superstar and influencer has settled Securities and Exchange Commission charges that she failed to disclose a payment she received for touting a crypto asset on her Instagram feed, the agency announced Monday morning.”

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More Than Half Of All Bitcoin Trades Are Fake

“More than half of all reported trading volume is likely to be fake or non-economic. Forbes estimates the global daily bitcoin volume for the industry was $128 billion on June 14. That is 51% less than the $262 billion one would get by taking the sum of self-reported volume from multiple sources.”

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Insider Trading in Cryptocurrency Markets

“We find evidence of systematic insider trading in cryptocurrency markets, where individuals use private information to buy coins prior to exchange listing announcements. Our analysis shows significant price run-ups before official listing announcements, similar to prosecuted cases of insider trading in stock markets.”

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Feds Blacklist Tornado Cash, Ban Ethereum Mixing Tool in US

“In a Monday announcement, the body added the Tornado Cash website and a long list of Ethereum addresses to its Specially Designated Nationals list, banning American citizens from using the tool or transacting with these addresses.”

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Pearson Sees NFT, Blockchain Helping Making Money From E-Books Sales

“The chief executive officer of Pearson Plc, one of the world’s largest textbook publishers, said he hopes technology like non-fungible tokens and the blockchain could help the company take a cut from secondhand sales of its materials as more books go online.”

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Web3: The hope for protocols over platforms

“Let’s experiment in ways that let us slowly deconstruct platforms, by replacing some of the core primitives that they own with open protocols that are collectively owned and governed by their own communities.”

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The Consequences of Silence

On the Celsius freeze: “My entire business is secured and backed by these funds. If they are not returned, my business would go bankrupt, my 15 employees would be let go, and 14 years of my life’s work lost and at the age of 49 years old, I would have to start over with nothing.” “Having my funds frozen has been devastating to me and my family both financially, mentally, and physically. I cannot sleep most nights and am over-whelmed with worry and dread for my family’s future. I have two small children. A 3-year-old daughter and a 2-year-old son. I am the sole bread winner for my family, and I pride myself on making smart financial and parental decisions for them to provide a better life and a bright/positive future.”

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Buy my heart

I'm selling my frozen heart.

Or at least a representation of it. Five representations, to be specific. Five copies of my frozen heart illustration were released as non-fungible tokens, available to be purchased on OpenSea. All you need is a wallet like Metamask and a few ETH.

Credit to my friends at DADA, who dove head-first into crypto-art a few years ago. I'll admit that I was skeptical then, and they were right. It's absolutely fascinating to see how the NFT art market has exploded.

You can also make an offer on my piece Greenwashing.

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Twitter: @benwerd

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