Friday 17 April 2020

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Today's Briefing: Why Has Tether Dominated the Stablecoin Space?, BNB Holders to Enjoy New Utility as Binance Takes on Ethereum, Bitcoin, Ethereum, and XRP Back in the Green...
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No long weekend ahead, but it's Friday. And that means online courses and long reads. 

As college campuses around the world shift to online platforms, the costs of physically attending classes are coming under question. The coverage isn't unique, however. Tech startups and Silicon Valley have been speculating on the real value of Stanford for years. 

The conclusion is still unclear, but the fact that so many big brains are working to "unpack education," means it might be a legitimate pursuit. 

Like any good founder or tech bro, the typical approach is to reduce education, as far as we understand it, to it's smallest parts. Yes, you go to learn, but it's difficult to pin that term down. More practically, you go to university so that after you can get a good job. Still, this definition doesn't quite capture all the whatness of college either. 

There's also the social aspect and the connections you make during your four years. The number of startups that have emerged from college friendships is so high that it's not even a cool way to start a business in 2020. 

Ultimately, an undergraduate experience is some combination of skill acquisition and community. 

Yes, there's all the fluffy, subjective bits thrown in. But remember, we're thinking like rational tech bros hoping to crack the education industry. 

For good measure, we should also throw in the power of signaling. It's the idea that the acceptance letter to Harvard is actually more valuable than spending four years of your life studying in Boston. 

According to Bryan Hobart, this is an incredibly inefficient model for separating the wheat from the chaff. He wrote

"It's easy to misread the signaling critique to say that schools don't provide any value, when the real critique is that elite schools provide value inefficiently. What Harvard really does is 1) tell 18-year-olds they have the Harvard Stamp of Approval, and then 2) Make them wait in line for four years to collect it. No wonder college students spend so much time partying and protesting. They're bored."

In that same essay, Hobart argues that Y-Combinator is actually better at this than both Harvard and Lambda School. Better here is defined in a few parts.

First, it takes less time. YC cycles out groups of young, college-aged kids, in roughly three months. Secondly, it curates these groups to only include Harvard-esque talent. Last time I checked, actually, it might be harder to get into YC than Harvard. 

And three, it has these sharp minds work on projects together. Then they expose these projects to wise VC-types, who then pluck the best (and offer a nice bonus to the lucky winners). 

The best part, in my opinion, is that YC does all this within a stone's throw of America's top ivy league. 

Anyway, I bring all this up not because Coinbase was a YC graduate, but because people are back thinking about the meaning of education. It's not just tech bros, either. With schools closed, parents are looking for quick and entertaining ways to make sure that their kids stay well-informed. 

There are a ton of lists out there for this kind of thing, but I thought I'd add a few more suggestions that I think are helpful. We shouldn't forget that curation is a fundamental piece of the education stack. So, here goes: 

 

That's all from me. Stay safe and sane this weekend. See you on Monday.
The opinions expressed in this publication are those of the author(s). They do not purport to reflect the opinions or views of Crypto Briefing as a whole.

Why Has Tether Dominated the Stablecoin Space?

Since 2014, Tether's U.S. dollar-denominated stablecoin, USDT, has grown to dominate the crypto space. The token has found a home among traders looking to hedge against volatile digital assets like Bitcoin and Ether. Along the way, however, it has been met with various controversies. 
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BNB Holders to Enjoy New Utility as Binance Takes on Ethereum
The crypto exchange Binance is preparing to enter the smart contracts market by launching a new Ethereum-compatible blockchain. The move is set to increase the utility of Binance's native token, BNB, which could see its price jump.

Bitcoin, Ethereum, and XRP Back in the Green
Bitcoin, Ethereum, and XRP surged in the last few hours, making a rebound alongside the stock market as COVID-19 pandemonium cools. It seems that the crypto market is ready for a further advance.
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