Good morning,

A quick programming note. Last week was the first week I missed sending a member update on a non-holiday (my week simply got away from me, I’m sorry!). There’s a good chance that none of you noticed, but it caused me some distress so I wanted to publish a policy here both so you can know what to expect from me and to help me stay accountable.

My posting schedule is two posts every week except for bank holidays. That’s what I aim for and if I miss a non-holiday (e.g. sick, personal day), I’ll make up for it on a holiday. At the end of the year, I’ll update the posting schedule page with a retrospective on how I did. I think this sound reasonable but definitely open to feedback from you all.

Thanks, Tony

Wrapped BTC

If you want to make transactions in BTC but don’t want to transact on Bitcoin, now you can use Ethereum. An effort to tokenize Bitcoin as an ERC20 gained steam late last year and, anomalously in the crypto world, launched on time.

I know what you’re wondering:

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Members receive a members-only analysis each week that is timely and substantial. I've been asked to be more opinionated and responsive to current events, so I'll try to do that in this more private forum. If you want my critical take on what matters in the industry, you might enjoy these analyses.

You can see a sample of a members-only analysis here. And a list of all of them here. Don't take it from me, check out these tweets from members:

  • "@tonysheng's writing is the best out there and this is worth every penny" --Myles Snider, CEO of Aurora EOS
  • "Highly recommend signing up for a membership if you're full-time in crypto or passionate about the space" --Spencer Noon, Managing Partner at DTC Capital
  • "All signal, no noise" --Zach Segal, Product at Coinbase

Over time, I'd love to develop more benefits like transcripts of podcasts (maybe host my own), a members-only discussion forum, AMAs with industry leaders, and more.

Thank you. I hope you'll stick around.

–Tony

If you aren’t already familiar with my work, I write long-form analyses on building and investing in crypto, and the impact of crypto on society.

My readers include investors at Union Square Ventures, a16z, Village Global, Multicoin Capital, Scalar Capital, and Polychain and builders of Bitcoin, Ethereum, Zcash, EOS, Tezos, 0x, and Coinbase.

Some awfully nice things people have said:

Tony’s blog is one of the best hidden gems in crypto. The content is regularly some of the most insightful out there. I read every post with a fine toothed comb.

–Kyle Samani, Cofounder and Managing Partner, Multicoin Capital

Tony is one of the most insightful and independent writers in the space. His newsletter consistently provides original perspectives on crypto/blockchain fundamentals that inspire you to think more critically.

–Soona Amhaz, Cofounder and CEO, Token Daily

If you read one person’s writing in the space, make it Tony’s. Tony breaks down complicated crypto concepts and economic theories in ways that educate both the beginner and expert alike.

–Erik Torenberg, Cofounder and Partner, Village Global


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Member updates

April 18, 2019

Do we want some censorship in our systems? (On BSV and crypto-anarchy)

April 11, 2019

The happy path for token projects (is hard)

April 4, 2019

There are only three certainties in crypto