The FCA/Cryptoassets Task Force Report: mostly boring

So the FCA’s Cryptoassets Task Force Report is out today. Compared to the last time the FCA chimed in on crypto, there are few surprises/not a lot to write home about.

For this reason, rather than writing a blog post, I have decided to go all “Web 2.0” on everyone by writing a Twitter thread¬†instead.

Highlights include:



The Cryptopocalypse

Recorded last week, out this morning.

“Cryptopocalypse.” Quite timely title for it, too:

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Listen to the whole thing.

How high transaction fees threaten cryptocurrency institutions’ solvency

I guess you really can have too much of a good thing, even in Bitcoin:

If the above is right, it constitutes a major own-goal by companies that should really should have known better.

A dark knight is better than no knight at all

Great piece by Brett Scott:

Thus we find Silicon Valley tech entrepreneurs brimming with optimistic expectations of disruption and future success, proclaiming the word of blockchain rebellion as a universal tool of empowerment for all, contrasting themselves to the parasitic Wall Street banker. The critical observer, though, might just take a step back, and conclude that this is really just one group of elites fighting another group of elites for control of the ramparts of power, both invoking the interests of Average Joe in the process.

Read the whole thing.