Hello and welcome to the Netcetera newsletter! If you’re just joining us, we’re a team of Myosin.xyz writers and creators demystifying the innovations driving the new internet. 📣👓 We enjoy writing about all corners of the internet (not just web3), but this week and next we are really focusing on our time at ETH Denver.

The conference, as well as Breckenridge afterward, felt like a real “vibe check” for the crypto space — it did last year two but with very different results from the check, let’s say. Sentiments were high and change was very much in the air. On that note, read Chevy’s reflection on imminent change and check out a supercut of Blake’s footage from ETH Denver below. And keep an eye out for in-depth thoughts on the conference next week!

Rowan Spencer | Editor-in-Chief

Learnings from ETH Denver my mate Greg

So, next week we’re running our ‘learnings from ETH Denver’ edition…

And seeing it on the schedule reminded me of an ‘Oh man, that hits home moment’ I had after:

1. Reading an interview with Ethereum co-founder Joe Lubin.

2. Having a conversation with my mate Greg.

It was about two weeks ago that I heard Joe Lubin give his two cents on the industry, saying:

“I think the momentum is picking up, and it's unstoppable…

We are ready for a new system of the world.”

Which is kind of a nebulous statement on its own – but it really connected thanks to a conversation I’d had just six hours beforehand with my buddy Greg (which also got a mention in Web3 Daily).

The subject of the conversation was money transfers. Cool? No. Important? Yes – and it went something like this:

[For context, Greg’s Australian]

“Yeah, so I’ve decided I’m going all in on crypto (Bitcoin, Ethereum, and Solana). I have $60k in stocks, and $12k in Dogecoin (of all things).

So I grab my Ledger, open the app on my phone and convert my Doge evenly in BTC/ETH/SOL (it takes all of two minutes).

Next, I open my brokerage app and liquidate my shares. The money shows in my brokerage account, but I can’t withdraw it (it takes two days to ‘clear’).

So I wait two days, withdraw my funds, and send them to the exchange.

Immediately after I hit ‘confirm’ on the transaction — I’m locked out of my account and get a message from my bank telling me to call their fraud hotline.

Long story short mate, it’s taken me 7 straight days, 16 phone calls, four separate liability wavers signed, and I reckon 6+ hours on the phone yarning with the customer service departments of two different banks.

(I had to start a new account with a ‘crypto friendly’ bank to move the funds cause friggin’ Commbank doesn’t let its customers move more than $10k to crypto exchanges per month — the dogs).

In the time it’s taken me to move that cash, Bitcoin has moved 21%, ETH is up 13% and Solana’s up a solid 25%.

I did the maths and it’s a good $17k of price appreciation that these bastards have ‘protected’ me from.”

Money transfers aren’t the sexiest ‘killer use case’ — but my chat with Greg made it clear:

We’re ready for a “new system” of banking.

ETH Denver ‘24 Recap (Myosin House)

Quick Bites

• Solana Mempools = Corrupt Emergency Room Nurses (It’ll Make Sense When You Read It)

• Craig Wright Is Not Satoshi, Didn't Author Bitcoin Whitepaper, Judge Rules

• Google Bans U.S. Election Questions in Gemini AI

• Ethereum’s ‘Dencun’ Glow Up (What It Is, and Where We’re Headed Because of It)

• Bitcoin Is in Price Discovery—How Much Higher Will It Go?

That's it. That's all we got! Talk next week.
The Netcetera team 👋

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