Everything from Every

Happy Sunday!

We're now fully immersed in fall, so we hope this email finds you all cozied up in your favorite reading chair with your warm, pumpkin-flavored beverage of choice.

Here's everything we published this week:

I Was Wrong About Olympus

Nat isn't afraid to admit when he's wrong! And this week, he takes another look at Olympus ($OHM) to find that not only is it not a Ponzi scheme, but it might be one of the most important DeFi protocols ever built. By combining a bonds program for liquidity and staking incentives for stability (and creating a program for other crypto project to do the same), Olympus created a cryptocurrency backed by more than just memes. As a store of value, OHM could even replace Bitcoin.

Read.

What is “Intrinsic” Value?

Nathan Baschez / Divinations

Prompted by a recent statement from the CEO of JP Morgan Chase, Nathan gets philosophical on us. Rather than debate whether crypto (particularly Bitcoin) has "intrinsic value" or not, Nathan argues that the concept of "intrinsic value" is...not really a thing. In fact, we'd do better to abandon the term altogether, because "value is fundamentally non-fungible. It always connects back to individual humans with individual circumstances, knowledge, desires, and dreams."

Read.

Do “Stress Cancelling” Headsets Work?