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Photo by Simon Abrams via Unsplash

Re-sharing below the latest edition of #Web3 Weekly, my regular newsletter about decentralization. If you’d like to get it in your inbox every Sunday, subscribe here.

Not sure which I have more of right now — leftover turkey from our Thanksgiving holiday here in the U.S. or tech headlines from a very busy week indeed:

  • The Ethereum 2.0 upgrade is set to go live on Tuesday. Launch of the new network, based on a new proof-of-stake consensus method that should provide much faster transactions, was set after its deposit contract secured enough funds to secure its deployment. (CoinDesk) Link:
  • Bitcoin narrowly missed a new all-time high in a seesaw stretch of trading. At its apex for the week, the grandaddy of crypto tokens traded above $19,000, just shy of its 2017 record. Unfortunately, a sharp selloff followed on Thanksgiving, fueled by worries about possible new regulations from the outgoing Trump administration covering self-hosted wallets. …

If you’re eager for a more decentralized tech ecosystem, this may be a mixed bag.

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Photo by Jon Tyson via Unsplash

The following post is adapted from #Web3 Weekly, my regular newsletter about decentralization. If you’d like to get it in your inbox every Sunday, subscribe here.

As the U.S. presidential election is on everyone’s mind right now, I offer a few predictions below about its likely impact on tech decentralization. Hey, why not?

For reasons we’ll explore further on, I’ll stick approximately to the first two years of the Biden administration. So let’s say this is what I’m expecting through year-end 2022:

There will be no new laws clarifying federal crypto regulation. In the absence of such a bill from Congress, we’ll continue to have a mishmash of administrative agencies “creatively” applying existing law, courts ruling on the correctness of those assertions, and the occasional state government doing its own thing. …

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Right back atcha, Mark.

This post is adapted from a recent rant in my e-newsletter Web 3.0 Weekly. Subscribe here to get it in your inbox every Sunday.

We urgently need to fix our commons, starting with our understanding of what one is in the first place.

As in many things, Wikipedia is by no means the final word on this question but does provide a pretty good starting point. Here is their definition of a commons, with some added emphasis of my own:

“The commons is the cultural and natural resources accessible to all members of a society, including natural materials such as air, water, and a habitable earth. …

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Image by Rob Hampson via Unsplash

Fans of the Telos blockchain, like those of any other crypto platform, tend to be passionate about its technical features, the importance of decentralization in general, and similar high-level principles. We’re out to change the world, after all.

That said, if the goal is to drive adoption among newcomers, it’s vital to show, not just tell, why Telos is so awesome. One of the best ways to do that is highlighting cool decentralized apps (or “dapps”) that people can use on their phones or laptops right now, all running on the Telos chain.

Here are six such examples, with links so you can check them out yourself. Each of these dapps leverages the Telos network’s fast transactions, governance structure, and other features in its own truly unique…

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Image by Amador Loureiro via Unsplash

I feel like a palate cleanser is in order after my rant yesterday about digital paywalls for local news. On a more hopeful note, here are some alternatives I see as more promising:

  • Paid events. Local publishers have connections to their communities that tech giants don’t. Why not leverage that advantage to bring people together in physical space?
  • E-Commerce. A risky one since it flies in the face of the mighty Amazon. But, again, maybe there’s room to leverage local knowledge, since neighborhood merchants aren’t exactly fond of the House that Bezos Built either. …

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Image by Bank Phrom via Unsplash

Among my friends in journalism, paywalls are quite a hot topic right now. Everyone has pretty much given up on advertising as a business model, dominated as it is by Facebook and Google. Thus the emerging conventional wisdom is that getting the audience to pay out of pocket for news must be the way to go instead.

I’m not so sure about this idea, frankly. In particular, I’m concerned about the focus on subscription models for local publications, where the industry’s attention is increasingly focused. Rightly so, as such publishers are truly in crisis.

The problem as I see it is that the top of the sales funnel for locally defined publications is too narrow, perhaps to the point that it will never plausibly produce enough paying subscribers to provide bread-and-butter support for the newsroom. …

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Image by Jordan Rowland via Unsplash

As of last night, here are the market capitalizations for all the stablecoins I could find on CoinMarketCap. I still might be missing a few obscure ones, to be honest, but this strikes me as a pretty good sample, including all the most active tokens:

  • Tether: $4.1 billion
  • USD Coin: $481 million
  • Paxos Standard: $260 million
  • TrueUSD: $183 million
  • DAI: $87 million
  • MonaCoin: $68 million
  • Stasis Euro: $36 million
  • Gemini Dollar: $8 million

That comes out to almost $6 billion total, including Libra’s market cap of $0, because it doesn’t exist yet. Someone please tell the mainstream press.

Thanks for spending some time with Indizr today. For regular updates about Web 3.0, subscribe to our email newsletter

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Image by Israel Palacio via Unsplash

I recently realized, happily, that almost all my favorite tech podcasts are either solo hosted or co-hosted by women.

For all the justified concern about gender diversity in tech these days, this strikes me as a bright spot worth sharing, especially since I honestly didn’t plan my media consumption this way. I just went looking for the most relevant content to play in the background throughout the day while I’m working, and that happened to be a lot of shows hosted by some really sharp ladies.

Here are my top five tech staples, with links to subscribe:

  • Unconfirmed: Weekly long-form interview show about blockchain hosted by Laura Shin. I find she really gets a great cross-section of guests, including folks working on quirky, cool projects I’ve never heard of and major household-name figures in the blockchain space as well, like Ethereum founder Vitalik Buterin. …

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Header image by NeONBRAND via Unsplash.

Catching up on Recode’s Pivot podcast today, something co-host Kara Swisher said about Facebook’s latest publicity disaster really struck me.

Some background: The Verge’s Casey Newton recently got his hands on recordings of CEO Mark Zuckerberg speaking candidly to in-house meetings at Facebook about several topics he would normally be more reserved about, if not completely mum, in public. These included trash talk about Twitter, lamenting a possible Elizabeth Warren presidency, and other remarks definitely not ready for prime time.

In the first Pivot episode after this little scoop broke, it of course came up as a topic of discussion. Swisher, a longtime tech journalist and former colleague of mine at the Wall Street Journal, says a little after the 14:30…

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Image by Pepi Stojanovski via Unsplash.

I’ve been reading up on Modern Monetary Theory lately. Honestly, I’d previously heard the term in the news and had a vague understanding it favored easier central bank policy in the U.S. and elsewhere, but I didn’t understand it any deeper than that until now.

The more learn, the more I find MMT pretty scary, to be frank. And, crucial for purposes of this blog, it strikes me that any widespread adoption of MMT by governments will likely speed the process of cryptocurrency replacing fiat money in the global economy. More on that later.

For now, let’s start with a working definition of what MMT is, excerpted from an excellent long-form explainer that Bloomberg published back in…


Peter A. McKay

Consultant and writer focused on Web 3.0. Former award-winning reporter for WSJ, Washington Post, and Vice. Sometime founder and product manager as well.

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