The sky isn’t falling but it sure is getting dark around here. The Fed’s intervention into overnight bank lending rates keeps expanding with further fund injections of at least $90 billion scheduled for next week (and beyond) on top of last week’s $278 billion. Apparently everything is fine, so there’s that.
Crypto remains as engaging, distracting, and as divisive as ever. The Alts rallied to more or less universal surprise but they remain far from ‘recovery mode’. Recent rate cuts by the ECB and the Fed could be considered positive for crypto. The BTC chart looks taut…Bakkt long lauded now has many pundits about a pending Bitcoin dump. Well, at least we live in interesting times.
Picks of the Week
This article exploring decentralized identity and individual reputation systems is a highlight. Also highly recommend getting up to speed on the Fed’s recent market interventions.
The real pushback against BTC (crypto) hasn’t even begun:
https://twitter.com/MiguelCuneta/status/1173514669295685632
A light-hearted ‘How to BTC’:
https://twitter.com/HassMcCook/status/1173845516381294593
A BTC maximalist asks – when to sell?:
https://twitter.com/tmsbtc/status/1171619945786105858
Bullish metrics for ETH
https://twitter.com/spencernoon/status/1174048561287311360
DAI is trading at a significant premium in Argentine – here’s why (recommended):
https://twitter.com/CamiRusso/status/1174314821283647489
On the current state of play for ETF proposals:
https://twitter.com/jchervinsky/status/1174342408726818819
Deciphering Ripple’s recent court filing (re: XRP as a security):
https://twitter.com/jchervinsky/status/1175069838647201792
The banks have a plan (highly recommended):
https://twitter.com/i/status/1174659899915214848
Fed intervention in the repo market just became ‘normal’:
https://twitter.com/AlexSaundersAU/status/1174839081148141568
On investing (non-crypto specific):
https://twitter.com/tayooye/status/1173789393628336128
Articles
Exploring the relationship between decentralized identity and reputation systems (highly recommended):
https://lindajxie.com/2019/09/11/decentralized-identity-and-reputation/
Mixicles – yet another new term worth being aware of (relating to smart contract-oracle-privacy):
https://decrypt.co/9037/chainlink-ceo-sergey-nazarov-mixicles-smart-contract-defi-privacy
Impress your (nerdy-dateless) friends by succinctly explaining a ‘Merkle Tree’:
https://hackernoon.com/merkle-tree-introduction-4c44250e2da7
A wallet that addresses Bitcoin privacy and why it’s hard to get anyone to use it:
https://hackernoon.com/bringing-privacy-to-bitcoin-using-design-wasabi-wallet-tk4g43148
This should put you at ease (move along, nothing to see here):
https://www.washingtonpost.com/business/fed-announces-plans-to-provide-more-support-for-repo-market/2019/09/20/233031f0-dbe1-11e9-a1a5-162b8a9c9ca2_story.html
That’s a lot of cash on the sidelines:
https://www.smh.com.au/business/markets/blackrock-head-says-70-trillion-in-cash-sitting-idle-as-opportunities-dry-up-20190908-p52p4u.html
Investment guidance by someone who has well earned the right to offer it (recommended):
https://www.collaborativefund.com/blog/philosophies/
Podcast
Cryptocurrencies and the state are naturally in opposition to each other:
YouTube
Fear and greed or just greed? (highly recommended if you trade):
Examining the relationship between global debt and asset bubbles:
Crypto insurance (for custodial services) sounds great but as usual, the devil is in the details (just an introduction to the topic):
Explaining government bonds and negative yields (recommended):
Infographics
Trading volumes have dropped off in recent months (slightly dated but suppressed volume remains):
Ethereum’s De-Fi network is building out impressively:
https://twitter.com/AlexSaundersAU/status/1171272444100792320/photo/1
As has the Binance Chain ecosystem:
https://twitter.com/cz_binance/status/1172064996441767941/photo/1
Website / Utility
Bitcoin halving countdown utility:
https://www.binance.vision/halving
Interesting times indeed! See you down the crypto rabbit hole once again next week.
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.
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