A Tangled Mess

Some big trouble for IOTA, but good news in other parts of the market

Happy Valentine’s Day, Blockfolians!

The Lede

IOTA is not feeling the love today as the network was hammered with attacks. On Wednesday, they shut down their “Coordinator node” causing many to wonder just how decentralized the network really was. Yesterday, the IOTA Foundation started recommending that users close their Trinity Wallets. Rough.

Highly Relevant Reading

♨️Steemit comes to Tron | One of the original attempts to build a decentralized social network, Steemit is partnering with the Tron Foundation to bring Steem dapps and users to platform. Maybe a move to compete with EOS’ forthcoming Voice?

🏪DAI for merchant payments? | Coinbase’s commerce platform has announced that it had integrated DAI as a payment - another exciting milestone for the leading DeFi asset.

🗻ETHDenver kicks off | One of the biggest Ethereum events of the year is kicking off. We’ve already seen an announcement for Ethereum-wrapped bitcoin coming to testnet. What other cool things will people show off?

Community Commentary

Ex-Monero privacy expert Riccardo Spagni weighs in on the implications of the Larry Harmon case we covered yesterday for privacy software developers
Zane Pocock lit up the BTC community with this threat on bitcoin as the world’s “most tradable information”

A Really Big Number You Should Be Paying Attention To


That’s the size of the new fund that Polychain are out raising, which would top their last by $25m. Now the question is how fast can they close?

Final Thought

On Valentine’s Day, it’s hard not to be proud of how much we love our users. Seriously, you guys are the best.