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Weekend Links: Friday Nov 5th 2021

  1. Is crypto failing? Some good skepticism, followed by some Bitcoin maximalism. Still, worth a read.

  2. A lot of DAI is backed by USDC 🤣 (plus, a reddit discussion on the topic)

  3. Transactions on Aribitrum (an Ethereum layer 2 optimistic roll-up) cost about $2-3 right now. Better than Ethereum but still expensive.

  4. Arbitrum is currently dominating Layer 2 transaction volumes and soon reaching about 10% of total layer one volume on Uniswap.

  5. The start of a long rabbit hole into defining the security budget of Bitcoin.

  6. A good debate between BTC maximalists and ETH maximalists.

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