In search of a new crypto deity – TechCrunch

In search of a new crypto deity – ClearTips

Hello friends, and welcome to Week in Review!

Last week, I wrote about Taking Tech on Disney. This week, I’m talking about the discovery of a new crypto messiah.

If You’re Reading This On The ClearTips Site, You Can Get It In Your Inbox newsletter page, and follow my tweets @lucasmtny.


big deal

Elon has garnered his reception among the crypto Illuminati, and the followers of bitcoin are searching for a new emperor, the Lord King.

This weekend, thousands of crypto maintainers and investors have descended on a bitcoin-themed conference in Miami, a very real, very heavily-produced conference on a mission to make crypto celebrities and real celebrities waves.

Even though I’m not at the conference in person (its main stage panels were live-streamed online), I have plenty in my email for featuring endless conversations on celebrities, open bars, and the dangers of fiat. All invitations are there. The cryptocurrency community has never been bigger or richer thanks to its most bullish bull run, and despite the marked improvement over the past few weeks, people believe the best is yet to come.

Despite all this, they still lack a patron saint.

For the longest battle, SpaceX and Tesla CEO was Elon Musk, who solidified the currency by pushing Tesla to invest cash on its balance sheet in bitcoin, while also getting Tesla to accept bitcoin payments for its vehicles. Insisted. As I’ve noted in this newsletter in the past, Musk had a hard time reconciling the massive energy use of bitcoin’s global network with his environmental warrior bravado, which leads to their mild and uneven exclusion (though I don’t know what to expect). Sure they’re welcome back at any time).

There are a lot of celebrities to fill their shoes – a Recent approval gone wrong One of the more comical examples was by Soulja Boy.

Crypto has been no stranger to the grift – even the most hardcore crypto grifters can agree – and I think there’s been some agreement that the only leader who can really preach the gospel is him. who are already so rich that they don’t even need much money. This is one reason why the community has paid a lot of respect to Ethereum founder Vitalik Buterin, who doesn’t really care too much about being any rich – he has contributed nearly $1 billion to COVID relief efforts in India. Worth donating crypto. A cheerleader like Musk however serves a different purpose, and so the community is looking for a good billionaire.

The best runner-up at the moment appears to be a Jack Dorsey, and while – like Musk – he is also another double-CEO, he is quite different from her and aspires to the spotlight. However, he was a keynote speaker at the Bitcoin Conference in Miami.

Dorsey makes most of the headlines for his work on Twitter, but it’s Square where he’s channeling most of his crypto enthusiasm. Users can already use Square’s Cash app to buy bitcoin. Minutes before he went on stage on Friday, Dorsey tweeted a source explaining that Square is interested in building its own hardware wallet so that users can store cryptocurrencies like bitcoin outside the borders of the exchange.

“Bitcoin completely changes everything,” Dorsey said on stage. “I don’t think there’s anything more important in my lifetime to work on.”

And while billionaire Dorsey looks like a good choice on paper – he tweets about bitcoin often, but only Good Tweets he defends its environmental impacts. He shows the House misinformation hearing with the bitcoin tracker clearly visible in the background. He is unfortunately also the CEO of Twitter, a company that aspires to reign in its more troublesome users – including one very troublesome user – which has created a rift between him and the very vocal liberal sect of the crypto community Done.

Dorsey didn’t make it very far in his speech earlier a heckler made a scene All this with a few others calling him a hypocrite, but like any good potential crypto king, he waited quietly for the noise to end.


(Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

other things

Here are the ClearTips news that caught my eye exclusively this week:

Facebook’s Trump ban will last at least 2 years
In response to recommendations from the Facebook Oversight Board that the company provide more specifics around former President Trump’s ban, the company announced Friday that it would ban Trump from its platforms through at least January 2023, although the company has basically given himself the ability to extend that deadline if he so desires…

Nigeria suspends Twitter
Nigeria is shutting down access to Twitter inside the country, with a government official calling the use of the platform “for activities that are capable of undermining Nigeria’s corporate existence.” Twitter called the shutdown “deeply concerning.”

Stack Overflow acquired for $1.8 billion
Stack Overflow, one of the most visited sites for developers in the technology industry, was acquired by Prosus. The heavy hitter investment firm is known for owning a large portion of Tencent. Stack Overflow’s founders say the site will continue to operate independently under new management.

Spotify your personalization
Music service Spotify this week launched a dedicated section called Only You, which aims to capture some of the personalization in its annual Spotify Wrapped review. Highlights of the new feature include mixed playlists with friends and mid-year reviews.

Supreme Court limits US hacking law in historic case
Justices from the Conservative and Liberal wing joined in a landmark ruling that put limits on what kinds of conduct could be prosecuted under the controversial Computer Fraud and Abuse Act.

This is an email Apple explains
Here’s a fun, email exchange that gave birth to the App Store between the late Steve Jobs and the SVP of software engineering, Bertrand Serlet, as annotated by my boss, Matthew Panzarino.


raining money illustration

image credit: Bryce Durbin / ClearTips

extra things

Here are some of my favorite reads from our Extra Crunch subscription service this week:

For SaaS startups, differentiation is an iterative process
“The more you know about the pain points of your target customers with existing solutions, the easier it will be. Take every opportunity to learn about the people you want to serve, and what problems they solve the most. Would like to. Analyst reports about specific areas can be useful, but there is no better source of information than those who, hopefully, will pay to use your solution.”

3 Lessons We Learned After Raising $6 Million From 50 Investors
“… being a pre-product at the time, we had to rely on our experience and our vision to drive conviction and urgency among investors. Unfortunately, it simply wasn’t enough. Investors felt either That our experience was a poor fit for the space we were entering (productivity/scheduling) or that our vision was not good enough to invest on the terms we wanted.

existential cost of slow growth
“Just because a technology startup has a hot start, doesn’t mean it will grow exponentially forever. Most will wind up somewhere in the middle — or worse. Simply put, a large number of tech companies There are those that do fine or slightly worse after reaching the mass.”

Again, if you’re reading this on the ClearTips site, you can get it in your inbox newsletter page, and follow my tweets @lucasmtny.

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