This week’s recap reflects the intense regulatory and government scrutiny lavished on crypto in recent days. US lawmakers exhibited a wide-range of stances from recognition of BTC as ‘an unstoppable force ‘ to repeated calls to hit it with the ban hammer. This is just the beginning of a multi-year (decade?) debate on blockchain and cryptos. There are going to be many missteps and anyone hoping for a smooth transition to a post-legacy finance era is surely going be bitterly disappointed. Strap-in, be realistic and prepare for volatility – destination unknown.
Picks of the Week
Why BTC? – this article makes a convincing case. Ray Dalio has made a wildly successful career out of being ahead of the economic curve – his article on a pending paradigm shift in the global economy is fascinating.
A reality check on the ‘myth’ (in most cases) of early adopters of BTC:
Volatility argued as a positive for BTC:
Centralizing chain-tokens to achieve speed/lower costs comes with other consequences:
Now you can track EOS 1.8 upgrade progress:
Thoughts on EOS, community, BPs, voting incentives etc:
Secretary Mnuchin talked crypto but was anything new really said?:
Nic Carter’s take on ‘Bitcoin is based on ‘thin air’:
Is the establishment beginning to catch on to the existential threat BTC poses?:
Trading support and resistance levels:
A rebuttal of quantum computers as a pending issue for crypto:
Why BTC – an accessible discussion of money – security/privacy and freedom (highly recommended):
Trying to please everyone has its costs:
Libra hearing partial transcript:
Blockchain has a lot to offer charitable organizations:
Trouble ahead for the global economy? – Ray Dalio certainly thinks so (highly recommended):
Beware those who pander to your prejudices (non-crypto):
Discussing Bitcoin’s energy profile (recommended):
Bitcoin as a New Wealth Paradigm – inspired by Ray Dalio’s endorsement of gold (timestamp 3:08):
Crypto is weird this being yet another case in point (recommended):
Digital Identity – a concise explanation:
Recent months have been very kind to BTC buyers (a pullback might be viewed in that context): expectation:
Website / Utility
A very handy tool for assessing the staking rewards offered by different cryptos:
A high stakes week with many more to come. The establishment is just beginning to sniff the existential danger crypto poses to the status quo – let the games begin!
Note on Sources:
Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.