The latest articles and analysis in Commentary & Review.
Michael Saylor’s “Bitcoin Reformation” challenges some of the movement’s deepest orthodoxies—from founder worship and self-custody dogma to its distrust of institutions. His argument is that Bitcoin’s next phase will be defined not by retreating from banks, corporations and governments, but by becoming the digital capital they increasingly build around.
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This year, Justin Drake released a strawman proposal roadmap for Ethereum on behalf of the Ethereum Foundation, known as the Strawmap. It is not meant to be a plan carved in stone but a concrete blueprint offered to the community for examination, critique, and potential modification. Thus, I will offer my own critique founded in problems concerning liveness and complexity.
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The SEC’s proposed Regulation Crypto Assets would give qualifying crypto startups new pathways to raise capital and distribute tokens while developing their networks—but the rules have not yet taken effect.
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Du dix-huitième siècle et de la révolution, comme d’une source commune, étaient sortis deux fleuves: le premier conduisait les hommes aux institutions libres, tandis que le second les menait au pouvoir absolu. —Alexis de Tocqueville.
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Banks and asset managers are bringing deposits, funds and settlement infrastructure on-chain—without surrendering their role as financial intermediaries.
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