  The biggest crypto news and ideas of the day Dec. 3, 2021 If you were forwarded this newsletter and would like to receive it, sign up here. Sponsored by  Welcome to The Node.
Questions? Feedback? We'd love to hear from you! Simply reply to this email.
Today's must-reads Top Shelf  WALL STREET: Goldman Sachs is among a handful of tier one U.S. banks figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans. Banks such as Goldman typically won't touch cryptocurrency spot markets but lean toward synthetic crypto products such as futures. The Wall Street heavyweight also said Thursday that the next major development for cryptocurrencies will be more liquid options markets as more traditional financial firms pile into the rapidly growing asset class, describing cryptocurrency derivatives as being in the "infancy of product scope" when compared with more traditional markets.
DELAYED: South Korean legislators delayed plans to tax virtual assets until 2023 at Thursday's plenary session. The proposed tax would have levied a 20% tax on crypto gains over $2.5 million made in a one-year period . Lawmakers from both ruling and opposition parties are trying to appeal to younger voters, who are more likely to be cryptocurrency investors and therefore against the proposed tax, ahead of the presidential election in March, local analysts said. .
MAKING LIFE EASIER: Crypto exchange and wallet provider Blockchain.com is developing a yet another marketplace for non-fungible tokens (NFTs). The Luxembourg-based company has opened a waiting list for the new platform, which will allow users to buy, sell and store NFTs.
–Helene Braun
A message from Nexo  When it comes to buying, borrowing or earning on your crypto, you won't find and easier, safer way to do it than Nexo. And here's what'll happen next: you and your referrals will both get $25 in BTC within 30 days of them passing Advanced Verification and topping up the equivalent of $100 or more of any asset supported on the Nexo platform. There's no limit on the number of people you can refer, so invite as many friends as you'd like!
Overheard on CoinDesk TV... Sound Bites  "There is no person with two eyes and the ability to reason that will think [the SEC's] approach to the crypto ETFs and the bitcoin ETFs in particular is anything other than Wall Street friendly and retail investor hostile."
–Messari CEO Ryan Selkis, on CoinDesk TV's "First Mover."
What others are writing... Off-Chain Signals 
A message from Horizen  You are invited to Horizen's Zendoo mainnet launch party! There will be ZEN and swag giveaways!
Horizen is the zero-knowledge network of blockchains powered by the largest and most decentralized node system. Its blockchain deployment protocol, Zendoo, is launching on mainnet on Dec 1st, 2021!
Zendoo enables developers and businesses to deploy private and public blockchains with unmet scalability, flexibility, and throughput to support any real-world needs.
Putting the news in perspective The Takeaway  Silk Road Founder Ross Ulbricht, Who Proved the Case for Bitcoin, Can Do So for NFTs Hi, Daniel Kuhn here. Ross Ulbricht, the founder of Silk Road online marketplace that hosted everything from children's books to ketamine, is selling a non-fungible token (NFT) with the proceeds going to his legal fund and children of incarcerated parents.
Ulbricht is now serving two consecutive life sentences, plus 40 years, without the option of parole. He's risen to a near-mythic status within the crypto community for putting his life on the line to make the libertarian case that individuals should be able to decide who to interact with and what to buy – a similar aim of the Bitcoin network.
Now, his latest auction might demonstrate the same utility for NFTs. At heart, NFTs are a way to prove the uniqueness of particular digital items. They are mostly used for in-game items and art, but have applicability across the internet. Like with bitcoin, the idea is that anyone can use, own or trade these assets.
A jaw-dropping amount of wealth has been generated in NFT markets, which is quickly forming its own identity apart from the general cryptocurrency economy. They have permeated into mainstream culture – with celebrities and corporations alike hawking their projects – as both a tool for freedom and something of a joke.
Ulbricht's series has similar potential by showingproving that this is a powerful tool even for causes you may personally object to. That's important. For whatever else crypto may be now or may become, it's vitalimportant to have a digital form of money you can use like cash. (Visa and Mastercard have made online shopping a breeze, but they are the ultimate gatekeepers of what you can buy.)
Auction of the Ross Ulbricht Genesis Collection, which compiles original artwork, political statements, poetry and animations produced by digital artist Levitate into a single token, began yesterday at an Art Basel event in Miami and will run until Dec. 8. The token lives on the Ethereum network, and the art can be viewed and purchased on the curated NFT marketplace SuperRare.
Ulbricht is no doubt a complicated and controversial figure. He was convicted of money laundering, computer hacking and conspiracy to traffic narcotics. There's a strong case that the criminal justice system has failed him – laying out an unconscionable sentence in a misguided attempt to make an example out of him – and thousands of other people. According to the U.S. Sentencing Commission, the average sentence for a drug trafficker is 77 months. He's not a hero, but he deserves justice.
At this point, his mother Lynn Ulbricht, and his defense organization have basically run out of legal options. In his own words, "Decades of incarceration stretch out in front of me." He found God, found purpose and is now an advocate for the countless others done wrong by the U.S. penal system.
"As I face that future, my eventual old age and death in this cage, I find myself looking for meaning and purpose. Why am I here? What good can I do with the time I have left and from where I am? I hope that helping my fellow prisoners through my art is one way," he wrote in a Medium post announcing the NFT launch.
The series has already drawn a tremendous amount of attention and support, though some uppity bitcoin-only crypto investors – once his most vocal and generous supporters – have criticized the project. It doesn't matter what they think. Their worldview is already irrelevant, if they cannot see how closely most of crypto advances their cause toward credibly neutral platforms.
Current bidding stands above 250 ETH, the native currency of the Ethereum blockchain, worth about $1.1 million. That money may not free Ross, but it could go to good use. Money should be free, and (most) people, too.
A message from Techmeme
For over 16 years, technology leaders have depended on Techmeme for an up-to-the-minute executive summary of trending news and commentary relevant to the industry. Techmeme now publishes a free daily newsletter of all the best stories from the past day, formatted for your inbox. Sign up for it here.
The Chaser... 
The Node A newsletter from CoinDesk Copyright © 2021 CoinDesk, All rights reserved. 250 Park Avenue South New York, NY 10003, USA Manage your newsletter subscriptions | Unsubscribe from all CoinDesk email |
Friday, December 3, 2021
Goldman Sachs Wants Bitcoin-Backed Loans
Will Layer 2 Projects Reduce Gas Fees?
  "Combining Rollups and sharding gives a 10,000X increase in scalability (for Ethereum)"
Vitalik Buterin, Lex Fridman Podcast #188
Ethereum today is undeniably the top smart contract blockchain by market capitalization, trusted by top developers building Defi applications, NFT projects and much much more. But high gas fees to use the network have inhibited its growth and use in a variety of situations. Layer 2 solutions for Ethereum such as Arbitrum, ZKSync and Starkware have all reached billion dollar valuations or more in funding rounds this year as they seek to solve this problem.
In this deep dive into the Layer 2 ecosystem, we invite top thinkers and practitioners in the Layer 2 ecosystem to share their analysis on the challenges and promise of Layer 2. Tune in to find out what Layer 2 is and how it promises to change the game for Ethereum, leading to a whole new world of applications that will define the next generation of the blockchain.
 Haseeb Qureshi Managing Partner Dragonfly Capital  Alex Gluchowski Co-Founder & CEO (Creators of ZKSync) Matter Labs  Elena Sinelnikova Co-Founder & CEO Metis  Mihailo Bjelic Co-Founder Polygon  Piotr Szlachciak Founder L2BEAT  Agne Kazakauskaite Host #L2Show  Alvin Lee Evangelist DeGate DAO  Moderator Nolan Bauerle CoinDesk
Copyright © 2021 CoinDesk, All rights reserved.
250 Park Avenue South New York, NY 10003, USA You can manage your preferences here or unsubscribe from all CoinDesk email. |
[Get 39+] Binoculars For Bird Watching Nz
Download Images Library Photos and Pictures. Binoculars, 12x42 Binoculars for adults, Binoculars for bird watching, Compact binoculars with Tripod, Smartphone Adapter for Bird Watching, Hiking, Travelling, Hunting and Sports by Hikkogo - Shop Online for Electronics in New monocular telescope bird watching NZ Best Binoculars for Bird Watching 2020 | Which binoculars should you buy? | liGo Best value for money bird watching binoculars – ScopeUout NZ
[Get 24+] Pintura Barroca Con Tortuga
View Images Library Photos and Pictures. Veintiocho mansiones cabeza peluda tortuga negra tres estrellas, héroe, héroes, personajes de ficción, carnivoran png | PNGWing Adán y Eva en el Paraíso - Colección - Museo Nacional del Prado Guiso barroco para tiempos de pandemia | ctxt.es Decorativa Tortuga Fotos - Libres de Derechos y Gratuitas de Dreamstime
[View 23+] High Gain Antenna In Cellular Mobile Communication
View Images Library Photos and Pictures. 18 Dbi High Gain Panel Flat 4g Outdoor Lte Antenna For 4g Router Dongle Mobile Hotspot Wireless Router Cell Phone Antenna Outdoor Antenna Thfcomms Galaxy S10 S10e S10 Plus Car Cradle Hardwired Inc 9db High Gain Antenna Signal Booster Directional Or Omni Directional Antennas Netxl Blog Smart Guides Guide To Understanding Poor Mobile Network Coverage