Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world.
NYDFS proposals following the Twitter hack are a warning to everyone using centrally-controlled "designated" platforms.
Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services.
The decentralized design of the web gives it the potential to be more privacy-preserving than any other system. Yet, there are long range threats at play.
Tokens continue to show little correlation between usage and value, confounding efforts to build better valuation methods.
Edan Yago looks to reclaim "decentralized finance" as Bitcoin's, not Ethereum's, turf.