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In search of a new crypto deity – TechCrunch

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Hello friends, and welcome back to Week in Review!

Last week, I wrote about tech taking on Disney. This week, I’m talking about the search for a new crypto messiah.

If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny.


The Big Thing

Elon has worn out his welcome among the crypto illuminati, and the acolytes of Bitcoin are searching out a new emperor god king.

This weekend, thousands of crypto acolytes and investors have descended on a Bitcoin-themed conference in Miami, a very real, very heavily-produced conference sporting crypto celebrities and actual celebrities all on a mission to make waves.

Even though I am not at the conference in person (panels from its main stage were live-streamed online), I have plenty of invites in my email for afterparties featuring celebrities, open bars and endless conversations on the perils of fiat. The cryptocurrency community has never been larger or richer thanks to its most fervent bull run yet, and despite a pretty noteworthy correction in the past few weeks, people believe the best is yet to come.

Despite having so much, what they still seem to be lacking is a patron saint.

For the longest bout, that was SpaceX and Tesla CEO Elon Musk who bolstered the currency by pushing Tesla to invest cash on its balance sheet into bitcoin, while also pushing for Tesla to accept bitcoin payments for its vehicles. As I’ve noted in this newsletter in the past, Musk had a tough time reconciling the sheer energy use of bitcoin’s global network with his eco warrior bravado which has seemed to lead to his mild and uneven excommunication (though I’m sure he’s welcome back at any time).

There are plenty of celebrities looking to fill his shoes — a recent endorsement gone wrong by Soulja Boy was one of the more comical instances.

Crypto has been no stranger to grift — of that even the most hardcore crypto grifters can likely agree — and I think there’s been some agreement that the only leader who can truly preach the gospel is someone who is already so rich they don’t even need more money. It’s one reason the community has offered up so much respect for Ethereum founder Vitalik Buterin who truly doesn’t seem to care too much about getting any wealthier — he donated about $1 billion worth of crypto to Covid relief efforts in India. A Musk-like cheerleader serves a different purpose though, and so the community is in search of a Good Billionaire.

The best runner-up at the moment appears to be one Jack Dorsey, and while — like Musk — he is also another double-CEO, he is quite a bit different from him in demeanor and desire for the spotlight. He was, however, a headline speaker at Miami’s Bitcoin conference.

Dorsey gathers the most headlines for his work at Twitter but it’s Square where he is pushing most of his crypto enthusiasm. Users can already use Square’s Cash App to buy Bitcoin. Minutes before going onstage Friday, Dorsey tweeted out a thread detailing that Square was interested in building its own hardware wallet that users could store cryptocurrency like bitcoin on outside of the confines of an exchange.

“Bitcoin changes absolutely everything,” Dorsey said onstage. “I don’t think there is anything more important in my lifetime to work on.”

And while the billionaire Dorsey seems like a good choice on paper — he tweets about bitcoin often, but only good tweets. He defends its environmental effects. He shows up to House misinformation hearings with a bitcoin tracker clearly visible in the background. He is also unfortunately the CEO of Twitter, a company that’s desire to reign in its more troublesome users — including one very troublesome user — has caused a rift between him and the crypto community’s very vocal libertarian sect.

Dorsey didn’t make it very far into his speech before a heckler made a scene calling him a hypocrite because of all this with a few others piping in, but like any good potential crypto king would know to do, he just waited quietly for the noise to die down.


(Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

Other things 

Here are the TechCrunch news stories that especially caught my eye this week:

Facebook’s Trump ban will last at least 2 years
In response to the Facebook Oversight Board’s recommendations that the company offer more specificity around its ban of former President Trump, the company announced Friday that it will be banning Trump from its platforms through January 2023 at least, though the company has basically given itself the ability to extend that deadline if it so desires…

Nigeria suspends Twitter
Nigeria is shutting down access to Twitter inside the country with a government official citing the “use of the platform for activities that are capable of undermining Nigeria’s corporate existence.” Twitter called the shutdown “deeply concerning.”

Stack Overflow gets acquired for $1.8 billion
Stack Overflow, one of the most-visited sites of developers across the technology industry, was acquired by Prosus. The heavy hitter investment firm is best known for owning a huge chunk of Tencent. Stack Overflow’s founders say the site will continue to operate independently under the new management.

Spotify ups its personalization
Music service Spotify launched a dedicated section this week called Only You which aims to capture some of the personalization it has been serving up in its annual Spotify Wrapped review. Highlights of the new feature include blended playlists with friends and mid-year reviews.

Supreme Court limits US hacking law in landmark case
Justices from the conservative and liberal wings joined together in a landmark ruling that put limits on what kind of conduct can be prosecuted under the controversial Computer Fraud and Abuse Act.

This one email explains Apple
Here’s a fun one, the email exchange that birthed the App Store between the late Steve Jobs and SVP of Software Engineering, Bertrand Serlet as annotated by my boss Matthew Panzarino.


illustration of money raining down

Image Credits: Bryce Durbin / TechCrunch

Extra things

Some of my favorite reads from our Extra Crunch subscription service this week:

For SaaS startups, differentiation is an iterative process
“The more you know about your target customers’ pain points with current solutions, the easier it will be to stand out. Take every opportunity to learn about the people you are aiming to serve, and which problems they want to solve the most. Analyst reports about specific sectors may be useful, but there is no better source of information than the people who, hopefully, will pay to use your solution..”

3 lessons we learned after raising $6 million from 50 investors
“…being pre-product at the time, we had to lean on our experience and our vision to drive conviction and urgency among investors. Unfortunately, it just wasn’t enough. Investors either felt that our experience was a bad fit for the space we were entering (productivity/scheduling) or that our vision wasn’t compelling enough to merit investment on the terms we wanted.

The existential cost of decelerated growth
“Just because a technology startup has a hot start, that doesn’t mean it will grow quickly forever. Most will wind up somewhere in the middle — or worse. Put simply, there is a larger number of tech companies that do fine or a little bit worse after they reach scale.”

 

Again, if you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny.


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Popular journaling app Day One acquired by Automattic | AppleInsider

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Automattic, the company known for running WordPress.com, has acquired popular iOS and macOS journaling app Day One.

Day One announced the acquisition on its blog Monday, but added that the app will remain largely independent. For example, Day One founder Paul Mayne will continue to lead the team.

“When a small software company is acquired by a larger company, the original team is often swallowed up by the larger company. That’s not the case here. I’ll be remaining at the helm of Day One, leading the same passionate team that has been responsible for the development and design behind the app today,” Mayne wrote.

In the future, Day One will introduce integrations with Tumblr and WordPress.com. Beyond that, Mayne said the app will remain mostly unchanged — including current privacy policy and key features.

“Rest assured there are no current plans to change the privacy of Day One; safely protecting memories and creating a 100% personal space is the foundation upon which this company was built,” Mayne said.

Apple named Day One its Mac App of the Year back in 2012. Over the years, the app has remained a popular App Store fixture and has been consistently updated with new features.

The Day One app is free to download and use, though it offers a $3.99-a-month premium tier that allows offers additional features.

Stay on top of all Apple news right from your HomePod. Say, “Hey, Siri, play AppleInsider,” and you’ll get the latest AppleInsider Podcast. Or ask your HomePod mini for “AppleInsider Daily” instead and you’ll hear a fast update direct from our news team. And, if you’re interested in Apple-centric home automation, say “Hey, Siri, play HomeKit Insider,” and you’ll be listening to our newest specialized podcast in moments.

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The evolution of macOS (and Mac OS X)

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Progression of macOS

Image by IDG / Apple

On March 24, 2001, Apple released the first version of its Mac OS X operating system, noteworthy for its UNIX architecture.

To read this article in full, please click here

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Beats Studio Buds are missing some AirPods Pro features and that’s OK

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Today, after more leaks than the Titanic, Apple announced the Beats Studio Buds. They’re earbuds that offer many of the same features of Apple’s existing AirPods Pro. But not all of them.

The new Beats Studio Buds are priced at just $149.99 and come in red, black, and white. AirPods Pro come in any color you want so long as it’s white and at $249, they’re considerably more costly – although the best AirPods Pro deals bring that price down a tad.

So what do you lose when you save that $100? Not as much as you might expect, really. For starters, you get to keep all of the magic audio control features that AirPods Pro brought to the table before AirPods Max arrived. That means Active Noise Cancelling (ANC) technology and Transparency mode are included, for example.

With two distinct listening modes, you are in total control of your sound. Active Noise Cancelling (ANC) continuously blocks unwanted outside noise using a finely-tuned filter that dynamically adapts to your surroundings. When you need to hear the world around you, switch to Transparency mode at the press of a button. The external-facing microphones mix the sounds of your surroundings back in with your music for a natural, ‘open’ listening experience.

You also get a charging case, but it isn’t wireless – so that’s a point for AirPods Pro. There’s more that puts the dub in the AirPods Pro’s court, too. The lack of a W1 or H1 chip means the Beats buds don’t feature instant device switching or iCloud pairing sync, so you’ll be pairing and re-pairing when needed. That alone could be worth the extra $100 to some people.

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But you know who it isn’t worth it to? People using Android phones.

And now it all makes sense.

As much as AirPods Pro do work with Android devices, it’s an experience that’s lacking. You don’t get to control things like what happens when you squeeze the stems – you need an iOS device for that. There’s no Apple app to configure that kind of stuff on Android, but there’s a Beats app that handles the same thing for the Studio Buds.

Android owners never got to benefit from the instant pairing, instant device switching, and multi-device sync via iCloud, either. So why make them pay the extra $100 to not use it? Strip the H1/W1 functionality out and you can offer Studio Buds at a little less than $150 and still offer ANC and Transparency mode. But the reliance on Bluetooth alone doesn’t mean a reduction in sound quality or connection stability, at least from what I’ve been told so far. All in all, Studio Buds seem to be mighty impressive and a great option.

Assuming you don’t want – or can’t enjoy – the niceties of AirPods Pro, that is.

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