The Intrepid Report Issue #34


The Latest Cryptocurrency News

Blockchain & Cryptocurrency News & Insights

Here’s this week’s cryptocurrency news: HTC is developing a blockchain-powered phone, Ethereum’s blockchain shows more signs of its scalability problems, and a fraudulent multi-million dollar crypto project gets busted in China. We’ve got insights from The Blockchain Review on cryptoeconomics as well as other valuable posts from the interweb on bounty programs, network effects, and airdrops. All this and more in this week’s Intrepid Report.

P.S. Had a chance to check out Metabase yet? We’re building a new blockchain platform to power next-generation businesses. Join our Metabase Telegram channel to learn more.

Key news highlights. What’s going on in the world of Blockchain?

HTC is Launching a Blockchain-Powered Phone
HTC is developing a new Android phone that will be powered by blockchain technology. The phone, named Exodus, will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications. We’ll have to wait and see what a blockchain-powered phone can offer to improve the experience of cryptocurrency and DApp users over regular smart phones.
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Shrimp, Frogs, and Drugs Are Clogging the Ethereum Blockchain
Fresh doubts over Ethereum’s readiness for enterprise use have emerged. A clutch of new games have raised gas prices and show the fragility of the Ethereum blockchain in its current state. While not as fatal as Cryptokitties, ethereum’s first viral onchain game, Ether Shrimp Farm and its spin-off Ether Cartel have still taken their toll on the network.
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Nobody Knows Exactly How Much Energy Bitcoin Is Using
By the end of this year, Bitcoin may account for a whopping half of a percent of the world’s total energy demand. It doesn’t sound like much, but that is roughly equivalent to the energy needs of Austria, a country of nearly nine million people.
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Tea Tokenizers Arrested in China for Alleged $47 Million Crypto Fraud
Another cryptocurrency project has been busted by law enforcement in China for allegedly soliciting money from investors with fraudulent claims. According to Guangdong Daily, a provincial government organ in China, police in Shenzhen arrested six individuals Monday who allegedly defrauded 3,000 Chinese investors out of $47 million by selling a cryptocurrency they claimed was backed by a commodity.
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The latest insights, thoughts, and analysis from the Intrepid Team

What is Cryptoeconomics? An Introduction for Beginners
Understanding the mechanics of a blockchain can be challenging – especially if you don’t have a technical background. Most people continue to struggle to comprehend how a blockchain works and that doesn’t bode well for the industry. If you want to understand how a blockchain works, cryptoeconomics is the place to start.
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Articles, white papers, ebooks, and more

On The Network Effects of Stores of Value
Bitcoin has a network effect. Many crypto evangelists assert that the network effect of Bitcoin is so strong that hyperbitcoinization is inevitable. But this isn’t quite right. Network effects are nuanced, and generally misunderstood.
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Bounties are Not The Future of Work
Bounties are a great way to incentivize contributions to projects, but they impart significant cognitive overhead and coordination cost on the issuer of the bounty. For Decentralized Autonomous Organisations to provide a fairer, more open and inclusive Future of Work, we’ll need more flexible ways to coordinate and contribute.
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Growth Hacking with Airdrops and Forks
Airdrops are a way of driving project growth and adoption without asking users to pay for access, or to prefund development. The model ends up being reversed – the project may already be funded, and the team is distributing value to the community to incentivize adoption. While airdrops might boost certain vanity metrics, are they really beneficial to the long-term viability of a project?
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Updates on what we’re up to and our upcoming events

Building Next-Generation Blockchain Technology Platforms
We have been working on Metabase for some time now here at Intrepid Ventures, and we’ve put in over a year’s work in research and system design to develop a crypto platform that performs differently. In this post, we outline why we strongly believe Metabase is a next-generation blockchain that will have a big impact for developers around the world.
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Blockchain 3.0
Here is an interview Block Asia did with Zach Piester, Co-founder & Chief Development Officer of Intrepid Ventures. Zach shares his thoughts on the blockchain ecosystem, current challenges the industry is facing, and what it’s going to take to take things to the next level.
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Get the latest cryptocurrency news daily. Join the Intrepid Report Telegram channel to get breaking crypto news & intelligence.

Want to learn more about blockchain? Check out our new micro-site How Does the Blockchain Work, a clear and non-technical guide on how blockchain, Bitcoin, and Ethereum works, and more. Check it out.

Interested in learning from leading entrepreneurs in the blockchain world? Check out our Founders in Focus interview series on YouTube. A show where we uncover the personal stories and journeys of founders and innovators from the crypto sphere. 

Julien Breteau is Head of Content Marketing at Intrepid Ventures, a blockchain venture studio. He’s focused on championing Intrepid’s mission, delivering thought-provoking, high-quality content, and engaging with Intrepid’s growing communities around the world.