This Week in Startups State of the crypto market, Tornado Cash blacklisted, $COIN Q2 + The Blueprint Part 5 | E1531
Aug 11, 2022
Sunny Madra, co-founder of Definitive Intelligence, and Vinny Lingham, co-founder of Civic, dive into a robust crypto landscape analysis. They discuss the implications of the US Treasury blacklisting Tornado Cash and its effects on privacy in digital transactions. The duo evaluates Coinbase's Q2 earnings and debates the need for smart regulation and governance in the crypto space. They also tackle the evolving market after a major pullback, emphasizing the importance of fundamentals and ethical concerns surrounding anonymity in financial transactions.
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Crypto Yield Mechanisms
- Crypto projects need a yield mechanism to incentivize ownership, unlike stocks or bonds.
- This lack of inherent value makes some traditional investors view Bitcoin as a Ponzi scheme.
Filecoin's Utility
- Filecoin, despite a price drop, demonstrates utility as a decentralized storage network like a "decentralized Amazon".
- Users stake Filecoin to provide storage, showcasing a token's inherent value and potential for recovery.
Crypto's Return to Fundamentals
- The crypto market's shift from over-speculation to fundamentals requires projects to demonstrate real user value and utility.
- Building successful projects now demands proving value, unlike the previous hype-driven market.
