Technology

In Search of the New Cryptocurrency God – TechCrunch

Hello and welcome to Week in Review!

Last week I wrote about technology challenging Disney. This week we will talk about exploring the new Crypto Messiah.

If you’re reading this on the TechCrunch site, Newsletter page, And follow my tweet @lucasmtny..


Big one

Earon is no longer welcomed among the Illuminati cryptocurrencies, and Bitcoin followers are looking for a new emperor god.

Thousands of crypto followers and investors attended a Bitcoin-themed conference in Miami this weekend.

I haven’t attended the conference directly (the main stage panel was livestreamed online), but there are plenty of after-party invitation emails featuring endless conversations about the dangers of celebrities, open bars, and fiat. There is. The crypto community has grown and become richer than ever, thanks to the most enthusiastic bull market ever. People are the best, despite the fairly notable revisions of the past few weeks. I believe that things haven’t come yet.

It is the patron saint who seems to be still lacking even though there are so many.

For the longest time, it was SpaceX and Tesla CEO Elon Musk, urging Tesla to invest cash on the balance sheet in Bitcoin and encouraging Tesla to accept Bitcoin payments for vehicles. As I mentioned in this newsletter in the past,Musk struggled to adjust the pure energy use of Bitcoin’s global network and the bravery of his eco-warrior, which seems to have led to his calm and uneven excommunication (although he). I’m sure you’ll always be welcome).

There are many celebrities trying to fill his shoes. Recently Approval was wrong Soulja Boy’s work was one of the more comical examples.

Crypto is familiar with glyphs — perhaps even the most hardcore crypto glyphs can agree — and the only leader who can truly preach the gospel is already too wealthy and even unnecessary. I think there was. More money. This is one of the reasons why the community paid tribute to Ethereum’s founder, Vitalik Buterin. He donated about $ 1 billion worth of cryptocurrencies to India’s Covid relief efforts. However, cheerleaders like Mask serve another purpose, so the community is looking for a good millionaire.

The best runner-up at the moment seems to be one Jack Dorsey, but like Mask, he’s another CEO, but his attitude and desire for the spotlight are quite different from him. I will. However, he was the headline speaker for the Bitcoin conference in Miami.

Dorsey has the most headlines in his work on Twitter, but Square is the strongest source of his enthusiasm for cryptocurrencies. Users can already buy Bitcoins using Square’s Cash App. Minutes before the stage on Friday, Dorsey details Square’s interest in building its own hardware wallet that allows users to store cryptocurrencies like Bitcoin outside the exchange. I tweeted the thread to describe.

“Bitcoin will definitely change everything,” Dorsey said on stage. “I don’t think there is anything else important to work on in a lifetime.”

And while billionaire Dorsey looks like a good choice on paper, he often tweets about Bitcoin, good Tweet He defends the impact on the environment. He attends a false alarm hearing in the House of Representatives. Bitcoin tracker clearly visible in the background. Unfortunately, he’s also the CEO of Twitter. Companies trying to dominate more annoying users, including one very annoying user, are with him and the very loud libertarians of the crypto community. Caused a crack during.

Dorsey didn’t get into his speech much before Heckler made the scene He called him a hypocrite for all this with a few others involved, but as the good potential crypto king knows, he quietly waited for the noise to disappear. Was.


(Photo courtesy of BRENDAN SMIALOWSKI / AFP via Getty Images)

Others

Here’s a TechCrunch news article that caught the eye this week:

Facebook’s card ban lasts for at least two years
In response to a recommendation by the Facebook Oversight Committee to provide more specifics on the ban on former President Trump, the company announced on Friday that it would ban Trump from its platform until at least January 2023. To extend the deadline if necessary …

Nigeria pauses Twitter
Nigeria has suspended access to Twitter in the country because government officials have “used a platform for activities that could undermine the existence of Nigerian businesses.” Twitter called the closure “very concerned.”

Stack Overflow acquired for $ 1.8 billion
Stack Overflow, one of the most visited sites for developers across the technology industry, has been acquired by Prosus. Heavy hitter investments are best known for owning huge amounts of Tencent. The founder of Stack Overflow states that the site will continue to operate independently under the new controls.

Spotify enhances its personalization
Music service Spotify launched a dedicated section this week called Only You. This section is intended to capture some of the personalization we’ve provided in our annual Spotify Wrapped review. Highlights of this new feature include blended playlists with friends and mid-year reviews.

Supreme Court restricts US hacking law in groundbreaking cases
Conservative and liberal judges have united and issued a groundbreaking decision limiting the types of actions that can be prosecuted under the controversial Computer Fraud and Abuse Act.

This one email describes Apple.
This is the email exchange that created the App Store between the late Steve Jobs and software engineering SVP Bertrand Serlet, annotated by my boss Matthew Panzarino.


Illustration of raining money

Image credit: Bryce Durbin / TechCrunch

Extra things

My favorite reading from this week’s Extra Crunch subscription service:

Differentiation is an iterative process for SaaS startups.
“The more you know about your customers’ problems with your current solution, the more noticeable they are. Take every opportunity to learn about the people you are trying to serve and the problems they want to solve the most. Analyst reports on the sector may be helpful, but hopefully there is no better source than those who will pay to use your solution. “

Three lessons learned by raising $ 6 million from 50 investors
“… Because it was a pre-commercial stage at the time, we had to rely on our experience and vision to give investors confidence and urgency. Unfortunately, that wasn’t enough. Investors feel that our experience does not fit into the space we are trying to enter (productivity / scheduling) or our vision is to invest on the conditions we want. I felt it wasn’t as convincing as it was worth it.

Existential costs due to slowing growth
“Just because a tech startup has a hot start doesn’t mean it will grow rapidly forever. In most cases, it gets worse somewhere in the middle or even worse. Simply put, scale. There are more tech companies that work or get a little worse after reaching

Again, if you’re reading this on the TechCrunch site, Newsletter page, And follow my tweet @lucasmtny..



https://techcrunch.com/2021/06/05/in-search-of-a-new-crypto-deity/ In Search of the New Cryptocurrency God – TechCrunch

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