Blockchain inshorts #14
In short, we bring you what is the most interesting and important news in the blockchain world
Did we Double-s(p)end it?
Because bitcoin certainly didn’t
In other Bitcoin news, Microstrategy bought another $10 million in BTC
Global chip shortage hits China's bitcoin mining sector
Expect prices of bitcoin miners to rise
Skybridge Bitcoin fund grows to $370 million
BlackRock to “engage certain funds in futures contracts based on Bitcoin” as per recent SEC filings
Xapo receives a banking license in Gibraltar
Xapo is now a “fully-fledged bank,” according to the British Overseas Territory’s Finance Minister Albert Isola
OkCoin to integrate Lightning network
First ever documented exchange rate for bitcoin
28th dec ‘09 : 1578 bitcoin for $1
22nd Jan ‘21 : 1578 bitcoin for $51 million
To mint or to not mint?
That is the question debated by Yearn finance.
There have been multiple debate on governance forum, and on Twitter on the benefits and drawbacks of minting more.
We break it down for you
Olaf Carlson-Wee, Polychain capital - YES
“I am absolutely supportive of investing in growth and long term success. What that means to me is sometimes you have to subsidize growth“
Andrew Kang, Mechanism capital - YES
“Will the value created by minting outweigh the cost of minting (i.e. dilution) for token holders The answer is clearly yes“
Crypto Cobbie - YES
“You have two yfis: yfi-classic and yfi-2
- yfi-classic has no supply increase
- yfi-2 has the 3% dilution dev fund
- All yfi-2 developers now work on yfi-2.
Which yfi do you want? “
Nick Almond - YES
“Print more tokens, generate a runway, keep the talent happy, fund growth and development”
Andre Cronje, test in production
“Clear contributor vs holder divergence, both sides citing greed; Within the last 24 hours, nothing on yearns roadmap or execution has changed”
Yearn finance governance post - Funding yearn’s future, Keeping yearn great
Evolution of token distribution models
How to reduce gas prices on Ethereum - using gas tokens