Episode 240 - Turning The Crypto Corner
Back in 233, we covered the start of what’s called “The Crypto Winter” - that was back in early July in the midst of a series of token collapses, bankruptcies, and liquidity crunches - that’s stuff that happens in finance when things go wrong.
A few more of these aftershocks have occurred since the last time we spoke about this - but that’s not really what we cover here on the Local Maximum. What’s interesting about crypto winter - or any “valley of disillusionment” in emerging technology (and there's been several in the crypto world) is what’s happening underneath - how is the technology changing this winter that will set up either the phase of crypto adoption, the next bull run, or the next wave of innovations.
Several big changes are coming down the line. The large gorilla in the room is the so-called ethereum merge that is slated to happen in September.
Links
The Wrap (Natalie Oganesyan): Better Call Saul Finale
arsTECHNICA: Ethereum’s “Merge” is about to put every ether miner out of work
CoinDesk (Margaux Nijkerk): What the Merge Means for Ethereum Miners
BitMEX: ETHPoW vs ETH2
Bitcoin Magazine: Is Bitcoin next after Tornado Cash?
Coinbase: Is Bitcoin Lightning for Real?
Related Episodes
Episode 212 with Guy Swann on Bitcoin and the Lightning Network
Episode 238 on New York Times and Censorship
Episode 234 on Simplexes and Distribution
Episode 233 on Crypto Winter Raging
Episode 3 with Stephanie Yang on Foursquare's Rating System
