Technology Review: “Money is one of humankind’s most remarkable innovations. It makes it possible to trade products and services across great geographic distances, between people who may not know each other and have no particular reason to trust each other. It can even be used to transfer wealth and resources over time. Without money, trade and commerce—all human economic activity, really—would be severely constrained in terms of time and space…We now stand at the threshold of another era of upheaval. Cash is on the way out, and the digital technologies that are replacing it could transform the very nature and capabilities of money. Today, central-bank money serves at once as a unit of account, a medium of exchange, and a store of value. But digital technologies could lead those functions to separate as certain forms of private digital money, including some cryptocurrencies, gain traction. That shift could weaken the dominance of central-bank money and set off another wave of currency competition, one that could have lasting consequences for many countries—particularly those with smaller economies.”
The Milk Road on 5 questions to ask before investing (in crypto): “What’s the big idea? AKA how does this change the status quo? Who is going to love this (aka, who is the customer?) Why will they love it? (what problem does it solve for them?) What is it most comparable to (in web3, or web2) and how is it different? Are the “tokenomics” set up for the coin to go up in price if the project works?”
Walter Issacson on Elon Musk: “I’ve always been interested in innovators and people who push the boundaries, and he’s pushing the most important and difficult boundaries, which are electric cars, solar, sustainable energy, space travel and robot and human computer neural link interfaces.” Issacson is writing a biography of Musk.
