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A highlight from Stani Kulechov: Aave 3.0
A highlight from Stablecoin LUNAcy with Brad Mills
"The crypto world is notorious for its risk and its unpredictability. And this past week has seen both of these features surface in a big way as the tarot ecosystem has collapsed upon itself, losing investors, billions of dollars. What happened and what can we learn from it? Today we welcome podcaster and author Brad mills to the show to discuss in detail the warning signs and the end result of this digital Ponzi scheme. Brad called it accurately back in January and he's got a lot to say about Bitcoin DeFi jpeg centralized exchanges and more. In fact, if we didn't end the interview, he'd still be talking, but it's all worth listening to and you won't want to miss a moment of it. It's an extra large family size. You might be a Luna tick episode number 608 of the bad crypto podcasts. Who's that? You might think I'm crazy 'cause I bought Luna. I actually had a little bit of an a Travis. You did? Yep. Yep, I lost, I don't know how much I lost, but I lost. The crypto markets are down so much and you losing everywhere. So it's like, okay, it's all part of the same mishmash of wins and losses. The goal is to have more wins than losses. Yeah. Well, what's funny is about 16 hours ago, the price of Luna was .000000 9 9 9 and it is actually up 8830% since then. And I actually bought some Luna, not quite at that all time low, but I'm actually up a little bit on my Luna. You are a lunatic. I'm a lunatic. Not too many people at this point could say they're up on Luna. But I did buy some at like two or three satoshis. And now it's like 20 satoshi's. Nice. Cash it in while you can. It's a large Travis. Take the money and run. So you discovered Brad mills, although other people had previously discovered them because he hosts a podcast called magical Internet money. And he called this back in January. You spotted this information in a video you were watching about Luna. And I thought, okay, we got to do a show on this. So let's get somebody on who knows stuff because, you know, you and I were bad. And neither one of us were deep into the Terra ecosystem. I had some money in it, but I didn't really know what I was doing. I was just being a lemming and following along. So this is a long interview, Charlotte Travis. We talked for, I believe it's like an hour and a half, and it is packed with content. Well, I mean, well, I was there for an hour and a half. You were there for about an hour. We locked it down and see if you noticed when the moments when Joel actually had to go do some delivery stuff, which is funny. No, it was great. It was like a chat in the conversation. It wasn't so much more like an interview as it was an ongoing conversation. Probably more candid and conversational than usual, but I tell you what, Brad's really smart on a lot of this stuff. He is a Bitcoin maximalist kind of guy, but he has called a lot of things very accurately. And he called, you know, what could happen with Luna? He predicted this back in January. He saw this with the rebase tokens when those things went down. And he's called a lot of things pretty accurately. He's got his own podcast called magical Internet money podcast. Really sharp guy and really covers a lot of the bases on what all happened on this. Indeed. So we invent you guys to listen in, settle in for this interview with Brad mills and on the backside. We're going to tell you about something we'll be launching soon called the bad crypto nifty club after Brad gets done crapping on NFTs.
A highlight from Chun Wang: stakefish From Proof-of-Work to Proof-of-Stake
"And they've also started adding some other things in there like liquid avax, Solana and Matic staking, and lots more things coming. And they also have multi chain and if you support now. So you can go and download steak wallet on iOS or Android. Now stake is felt like the meat you eat, not like the normally people do. Staking, so STE 8 K, or you go to the website steak wallet FI. And with that, let's get to a conversation. Joan, thanks so much for joining us today. So Taylor, first of all, where are you, where are you calling in from? Yeah, I'm from the longer beam. So I bought this article island and the weather is great. And I just have to close my curtain because the super bright, but it will set. And we have about 24 hours and it's wonderful living here. So I was reading that you traveling across the world and have been doing for a while, but are you now settled in this Arctic island up there? I'm trying to settle everywhere, but maybe this is quite a strong preference. If I were to settle down, I probably strong consider down here. So what attracts you about this? 'cause I've never heard anyone say like, okay, I would really like to settle down on some tangy remote island near to the Arctic, this is a second vessel place on the earth. And only after Antarctica, because if it doesn't countries, it's starting to arthritis. So 1960s. And which forbids the people leaving our tataka. So. Let's make this Roberts the best practical place. If you value political neutral and you should definitely try this out. So but it's not its own country, right? You said it was part of Norway? Yeah, it's partial of Norway, but they're so trading system. Signed in 1925, which allowed people from the order nationalities. They must be treated as same as Norris. They don't need a Visa. You don't need work with just a comment, you can do no agents. I must say there's no local people here because it's not allowed to get born here. So everyone can be from elsewhere. And how many people live up there? Here is more than 2000 people. Something maybe it was on the planet. Okay, so it's just like tiny, tiny bunch of sort of eccentric people who ended up there. What kind of people are staying there? Not tiny anymore. People quite a sidewalk. Yes or they are. Russians, Ukraine, they live in peaceful together. They don't have currently they have more data with more than 200 people. And it's about 50 kilometers away from here. Yeah. Compared to that long Airbnb. Yeah. All right, so actually I kind of want to come back to something related, I guess later in the episodes because you talked about space travel, but let's go back and start a little bit in the beginning. You've been involved in crypto for a long time. Can you tell us what inspired you initially? How did you get involved in the crypto space? Initially, I was contributing to a city at home, which was using really scope collect signals trying to find the audience from a signal received by a radio telescope. And by doing that, you contribute to your computing power from your personal computers, spare time. And when they read about Bitcoin from slash dot and I learned about it using one night and I left on my laptop running Bitcoin for node trying to buy something out, but I can second morning throughout zero by then, so my wallet. So I went to a local market to describe the tools GPUs. That was here with 20 2011. And system I never stopped, you know, technically the minor, but I only a person of mine, Bitcoin in the first two years, presently using TPUs later, a 6. But I stopped mining myself in 2013. But started buying pool and people contributed mining powers to the mining pool. Basically, I'm running a server side. It's a depends on how you define the Bitcoin mining. If you use your strict definition and no longer a minor. So what was your idea? What was your vision for F two pool? Where did you want to take it? I think just to say the latest development, we all know that Bitcoin is going to change to a few hours, which is we don't know why, but I think the progress as a matter of events. So after that, we will only see how many points we have currently. Actually, we have a 20 different coins. But there's a very few innovations and development POW site to basically, I think, after Ethereum become a POS, basically we are able to pull become a bit more company. So if we see anything, October side, I think we'll almost become a pure Bitcoin company in the next year. Now that you've been involved in pre OS as well of work and I'm curious, when you compare proof of work and mining pool versus the proof of stake validators, what are the biggest differences between
A highlight from AMA with Sylvester Stallone
"He's a legend of pop culture. He is the only living actor to have topped the box office in the last 6 decades. And he's one of the most inspirational people of our time. Countless people have run up the Philadelphia courthouse steps and raise their hands in the air, triumphantly, mimicking his iconic character. If you haven't figured it out by now, I'm talking about the one and only Sylvester Stallone. I recently had the privilege of interviewing sly for an ask me anything in the planet sly Discord. It's a social channel dedicated to his upcoming NFT launch on which I am a founder. Our members had great questions that provided insight into slides mindset and where he finds his inspiration. So coming to you from Puerto Rico, Mexico and on set with Sylvester Stallone in Oklahoma. This is the yo Adrian. Episode number 607
A highlight from Florian Glatz: The European Crypto Initiative Why Europe Needs a Regulatory Shift to Avoid Crypto Irrelevance
"Welcome to epicenter, the show which talks about the technology's projects and people driving decentralization and the blockchain revolution. I'm Brian crane and I'm today speaking with chlorine gluts. Florian is one of the most kind of knowledgeable people at this intersection of law and crypto. He's been a guest on this podcast before actually 6 years ago. I checked before. We did an episode about smart contracts to dal and he's been deeply involved in the crypto space for a long time. I was organizing the Bitcoin meetups back in like 20 14, 13 and he would show up there at the very beginning and he's also the proud owner of a very cool domain name that's kind of indicates how early he was with the thing. Blockchain lawyer so we're going to speak about regulation and crypto today like lots is going on in regulation with some focus on Europe where chlorine is based and we're fluorine is most expert but you know we're going to try to cover it also in the global context. So before we get into that briefly some words from our sponsors, first of all, course one.
How to Make an Extra $1k This Weekend with Sam Parr
"All right let's start. Let's start with bitcoin. I what are your current thoughts on bitcoin. Crypto-currencies what are you doing. So i told you my my ross albright Story right you did. He went a party and ross. Was there yeah. So i've met ross years and years ago and he was my neighbor he lived near me And when he got arrested. I told my friend and my friend is was billy draper Billy's dad tim draper and bill was like yeah like bitcoin. It seems really cool. My dad like says it's gonna be great. And i was like oh well if your debts is going to be great. He's smart guy. So i bought some back that and so that was my my only bitcoin. Purchase back then. And then i own A for me. A fairly large stake in a theory. I'm and i don't do anything or just let it set yes. Bitcoin an ether and pretty much. That's it that's it okay. And then i don't even log it. And then i know this song giving you a softball but how do you think about investing in crypto versus investing in other assets. Yeah so. I consider it to be highly volatile. So i put a relatively single. Digit percentage networth in there. And then most everything else. I put into an etf. Am i. don't look at it. And i don't touch it and i don't do anything. I'm always such a boring investors So i allocate some high risk money to it to crypto in the rest. I put the most boring index funds. Ever which crypto nerds. They like laugh at me. And i'm like i don't know man i i don't i don't stress. It makes me good money. I'm happy
China Intensifies Hunt for Cryptocurrency Miners in Hiding
"When the history books are written the actual factual mining ban in china will be a key. Part of the crypto story of twenty twenty one. Remember the first rumblings we got about. China targeting crypto in may we sort of brushed off as more bluster and reconfirmation of old policies. At first it was just the banks reinforcing that they weren't allowed to interact with crypto. And so on and so forth but that ultimately changed and when it changed was when the vice premier made a statement saying that they were going to look into a bitcoin mining ban that signaled to all of the local provinces that this was serious and it also signaled that to the local mining operations that we can we saw one of our biggest drawdowns coming off of the rally between december and april and part of that was that minors were actually liquidating their bitcoin and the theorem to try to give themselves mobility to make decisions quickly. Subsequently of course we've seen one of the most significant if not the most significant hash rate migration in bitcoins history. Much of that has been to the benefit of north america. So far but that as we'll see in a minute could change in either case. The blocks will fees. How has a new report out about how provincial governments in china are dealing with the ban in inner mongolia the development and reform commission has hired a contractor to help it monitor for illegal mining operations. This is interesting because there are reports that some chinese bitcoin and the theory of mining operations have quietly even secretly resumed their operations. This partnership with the contractor suggest that the government is going to stay on the case now one interesting nugget from the bidding process is the government's ten bullet list of the areas that it wants to know about which includes the production and development process of crypto mining domestic and international policy stances and regulatory environment over crypto mining. The initial purpose and policy perks that inner mongolia gave to big data and cloud computing enterprises the cost revenue energy consumption and taxation breakdown of crypto mining operations locally the physical distribution breakdown of krypton mining operations locally techniques for differentiating crypto mining operations from other big data and cloud computing projects analysis of mainstream mining hardware and their energy consumption breakdown relevant legal basis for clearing out crypto mining operations the impact of shutting down mining operations on achieving the carbon neutrality goals and long-term regulatory responding mechanisms over crypto mining operations
Deflation Is the Key to an Abundant Future
"How are you good. Cpap absolutely great to see you as well Before we get started. Maybe let's just remind folks you have a great framework of looking at legacy inflation deflation kind of intersecting what technology forces. So maybe remind everyone kind of how you view the macro structure of the market structure of inflation and deflation Sure we're going through a phase transition in markets and things won't look the same on the other side of that search and it's driven by technology technology is Exponentially trying to reduce costs as moving faster and faster into everything around us. We vote our time with things get cheaper and more effective so we vote for things that give us more value yet. The market is designed the exact Away market is designed to make prices rise forever and so that credit based system that we live in that we measure everything by housing. Everything else is is is up against a new reality that central bankers don't understand and so if they understand that there's nothing they can do about because technology wants to essentially give us more for less of and that's the opposite way of our the way our financial systems are designed when you think about a great example of technology trying to give us more for less. Is there one or two examples. You're like okay. This is a great way for people to wrap around that idea. We'll look at your phone You and look at everything on your phone right the year. Look at your camera on your phone. Look we don't pay for photographs anymore. We get abundance billions of photos. Trillions of photos that are free. We used to pay for a distribution network photography. Take a couple of photos inside and develop a month later others iran today we get that abundance for free mean. It's not just phones. Music is not just Photos it's music. It's every everything on your phone so look at every app on your phone and it's a perfect example
FTX Teams up With Steph Curry & Tom Brady
"Tom brady and his wife giselle whose last name i can't pronounce ages caught a bag. I got twenty million dollars or doing like a minute and a half commercial for. Which is you know. Major crypto exchange. But besides that steph curry was involved. And i think this was wednesday is when it was announced that he was going be partnering up with fda as well so to the biggest names in american sports right now. Hoppy on the crypto. Y'all crypto hype train and doing it with fda access has been making waves all year. Long as steve. If you remember. But the my hand miami heat's at arena. I guess arena stadium. Basketball arena will now be the fda arena A major east boards organization at tsn. They actually sold away their naming rights so their official name is actually. Tsm teac now. Now this is all within the last six months. This is the happening so wild times are fda and big moves as well.
FCA Warns Over Crypto Assets Pushed by Kim Kardashian
"Can't believe everything, Kardashian says now warning now from Great Britain's financial conduct conduct authority, which is kind of like our Securities and Exchange Commission, and it might be difficult to hear the chairman of the FDA is warning investors that they shouldn't take Cryptocurrency advice from Are you ready? Kim Kardashian. I know that's shocking. Apparently, it's best to avoid all crypto advice from social media influencers. Thanks, Captain. Obvious that's right Pick about any of these social media influencers, many of whom are paid to promote different types of crypto Kim Kardashian was paid to promote Ethereum Max community asking her instagram followers to speculate on crypto by joining in the fun. By the way, she has 250 million followers. Now the problem goes beyond that. That's just bad advice regarding real crypto is that you also have scammers paying influencers to promote these sketchy crypto tokens as part of advertising scams. So the key takeaway here is that crypto. It's risky. You need to do your business. Your research rather before you do business, rather Ed, and if you are looking for the definitive guide Cryptocurrency one. Oh, one. I wrote it. Just search for commando on Amazon or on your kindle, and we're going to walk you through everything from a to Z about Cryptocurrency
Investing $750 Million in Crypto With Dan Tapiero
"Dad what's up man. I'm great tap. Eero as i said. That's how you say it directly many times before. So i don't know what god said. His aim wrong what zoom he started roasting me for saying. I know you have problems with names ending an all but you know this is an easy one here you hear. How are you good good. I mean i've been busy as can be you know we've sort of had even limited interactions. It's just been a whirlwind. The last four five months in been off twitter. I mean on but not as much as before and you know not as deeply ingrained in sort of the the markets as we build up the ten t it talked to us about ten t and what the original idea was and then walk us through this seven hundred fifty million dollars fundraiser across the various vehicles. Yeah you know. the idea. Originally was to build a broad sort of macro sector exposure to the digit to the growth in the digital acidy. Go system so. I'm pretty hardcore big pointer when i also think there is a world where there are lots of things growing up in the overall ecosystem lots of great businesses that have grown up. And i'm not. My background is not as a venture capitalist. So i don't have specialty in. You know trying to figure out which code is better. Which chain is going to work for whatever it is and so i said to myself look. There's there's a lot going on. And this in the private equity world in the digital ecosystem. There are a lot of companies that are a lot larger than people understand. And you know. I'd like to get that kind of exposure for my own personal portfolio ended de tap capital and so went about the idea of constructing this portfolio of ten to fifteen businesses operating in the
El Salvador Embrases Bitcoin
"Firming topic today. We're doing a global tour of bitcoin who's embracing this disruptive digital gold this proto money system. Let's start by doing a quick revisit to el salvador on tuesday's show. We discussed some of the controversy leading into el salvador's bitcoin day. The formal enactment of their bitcoin legal tender law on surprisingly and continuing the themes that i was just exploring the gladiatorial battle on twitter continued throughout the day professor. Steve hanky who has really really tried to use. This crypto cycle to jump to the very top of the bitcoin antagonist list. Just would not shut up about it. I mean we are talking about ten twelve separate tweets many which said the same thing over and over. Here's a good example contrary to president. Bu kelly's unfounded claims el salvadorians do not want. Bitcoin is legal tender. The only ones who applaud are criminals. They know that the bitcoin law paves the way for rampant money laundering and corruption. This is one of those arguments. Where as soon as you even dine to make it. I look around at myself. Everyone that i know. Who's working in this industry. All the people that i know who are connected to this industry all the people who are in places like asante who have proven over the last few years how. Bitcoin has relevance for community like el salvador. And i mostly just stopped listening to what you have to say. Because you're clearly not in it for an actual conversation. And yet he continues. He tweeted at least three times about bitcoins. Volatility bitcoin nineteen percent to a twenty four hour. Low of forty two thousand nine hundred and twenty one per bitcoin today to queens volatility is an obvious reminder that it can never be a reliable unit of account and thus can never be used as a currency. Btc is nothing more than a highly speculative asset. Naib kelly's bitcoin law will do el salvador. Never mind his careful use of hash tagging on. Bitcoin and btc gotta make sure. Everyone sees his angry tweets. Professor hanky also hated it when president. Bu pele bought the tip and made fun of the imf all in one tweet saying buying the dip one hundred and fifty new coins added. It appears the discount is ending. Thanks for the dip. Imf we saved a million and printed paper el salvador. now hold five hundred fifty bitcoin.
Bitcoin Is Now 'Legal Tender' in El Salvador
"El salvador has adopted bitcoin as legal tender. And you in el salvador. You'll walk into wherever. Mcdonald's you walk into mcdonald's you buy a cup of coffee and you pay in bitcoin and you know you can see i've seen little pictures of cash registers and things where they're you know you can see. It says the amount of bitcoin on the cash register now. This is a little odd to me because el salvador currencies pegged to the us dollar so. You have the same issue that i have with. Bitcoin is as any kind of a form of payment in that it's really ultimately just dollars. It's a payment system not a currency however it's an amazing step forward for an entire country clunky as it may be for them to do this because as i said you know. It's basically dollars twice removed. In this case of and clunky as it may seem. It's still a huge step forward
Bitcoin Prices Fall After Plunging During El Salvador Rollout
"Bitcoin prices. That was wild yesterday at one point. Ten thousand after breaking through fifty two thousand late. Monday got his lows about forty two thousand el salvador adopted. Bitcoin is legal. Currency tumbled as much as sixteen percent. Right now i saw it this morning around. Forty six thousand. The country temporarily disabled chievo. That's the government run bitcoin. Wallet to increase the capacity of servers and crypto adjacent stocks also fell that's term including big drops from micro strategy and coin base and ether also fell sharply yesterday continues to slide this morning. There were protests in el salvador. A lot of young people that they were more protesting against not having a say in work and how it was adopted. When you decide you're going to do something and then demand closes down the wallet. I don't know whether it was just that they weren't ready but they seem to say that there was so many people trying to do it that they couldn't that they couldn't do
Bitcoin Is Now Legal Tender in El Salvador
"Salvador began accepting bitcoin as a legal tender. Yeah there we go. It's one of the many crypto experiments. that's happening across the globe. That's the way we're seeing knackers. You heard on this podcast. I in june just a few months ago. Remember well jacka. El salvador announced that bitcoin would be legal tender. I think we recorded that together. In new york person remember that. Oh yeah this week. During the different sweet green orders and menu. You went on the menu now. El salvador doesn't have their own currency they just use the us dollar but now they will also accept bitcoin interesting. Although el salvador also has fewer people than new york city where we recorded this guy and they announced this with like literally only three details at the time. All right rule number one. They announced in june. Every business in the country must accept bitcoin for the business that they do a single pusa. You can pay for that with a fraction of a bitcoin. Roll number two. The government will accept bitcoin to pay your taxes. And then jack rule number three kind of a little bonus cherry on top situation here. Citizens will not have to pay any capital gains taxes if they own. Bitcoin and bitcoin goes to the moon well yesterday. Bit salvador went live and we got a whole bunch more details. How the pulling this thing off. I i the central bank wanted to make a pr splash and lead by example. So they bought twenty one million bitcoin. The central bank. I mean el salvador. It's a tuesday tree yourself. There you go and then they set up a bunch of bitcoin. Atm's all across the country to get the populace excite and then to really get things going with bitcoin and in el salvador. They launched a brand new walla tap for forbid it's called chievo which is slang in spanish down in el salvador for cool very nice and with this app. Typical el salvadorians can conduct business and bitcoin yet. Every single salvadorian got thirty dollars worth of bitcoin. We've got like an oprah situation here in the app right right there waiting for you
Bitcoin Falls 17% as El Salvador's Crypto Rollout Falters
"Price of bitcoin fell as much as seventeen percent today from its five. Pm eastern value on monday that coincided with the move by el salvador to become the first nation in the world to adopt bitcoin as its national currency. Here's our markets reporter caitlyn mccabe. It's possible that some traders may have sold their positions anticipating that the launch of bitcoin there had pushed prices to a peak going into today. There was a lot of investor enthusiasm and the price of one. Bitcoin had surpassed fifty thousand dollars. Which is considered a key level for bitcoin so some traders and analysts have said that we were likely seeing some profit taking at that level and that was also likely exacerbated by a large volume of cryptocurrency bets being liquidated in the last twenty four hours so those are likely to of the main factors driving the sell off tuesday. In addition to the fact that crypto in general tends to be very volatile and
Power, Money, and Ego With Teddy Schleifer
"Are a part of a team that is releasing a new media. Publication called the puck. Website puck dot news. And i couldn't help start the conversation. And when i went to the website it's simply says a new media company covering power money and ego and those three words i think Elicit all kinds of emotional responses from people power money and ego But you've been writing about a lot of the stuff for a while. Where does the personal fascination or interests come from in covering some of these topics so in some ways. The role is very big and in some ways. It's very small What what. I mean by that is there. Are you know. Three hundred and fifty million people in the united states But a very small number of people have enormous amount of influence in american society. People who like you know. I think lots of listeners might not even know their names if you look at the floors four hundred list from time to time. I'm always Humor that like how many people even as someone who covers billionaires. I have never heard of you know people who have thirty forty billion dollars who made their money in some got awful boring industry Who have enormous amount of assets and can convert that into political influence rob against wince Influence in just kind of in public life more so pucks. Kind of central conceit is that the world is actually driven by a small number of people And that there is a big world that is governed by people in hollywood people in washington people on wall street people in silicon valley And that ultimately that that world needs to be a unspoiled for the rest of us to understand and these rather also. I feel like often very are treated as isolated power sectors right people in hollywood who cover hollywood really wealthy people on wall street. Who covered the or system really. Well you know. I've covered silicon valley This is actually really one world right. The people on wall street have influenced in washington. People washington or regular people in silicon valley and silicon valley is attacking hollywood and creeping on kind of traditional studios. So one of the other ideas of pop is that. Let's let's kind of narrow the synapse here and try to really uncover this as one world
El Salvador Leads World in Adopting Bitcoin as Official Currency
"Salvador is one of the poorest countries in the western hemisphere and relies heavily on remittances payments setback from workers in the united states since two thousand and one el salvador has used the us dollar after ditched its local currency the cologne. The country is not known for leading the world in financial innovation. But on tuesday it's set to become the first nation in the world to accept bitcoin as a national currency. The move has been celebrated by bitcoin fans across the globe but on the ground. The reaction has been different with protests and popping up in the capital. San salvador are deputy editor for latin america. Santiago perez recently visited the country to find out how the government plans to make this transition work. And why it's taken this bold move and he joins us now to discuss high santiago. Hello how are you today. I'm doing well This seems like a pretty big deal. El salvador is a country of more than six million people. Starting today. it's going to be the first in the world to accept bitcoin as legal currency. How is that going to work well to start this giant step for the evolution of bitcoin. So it is quite remarkable that such a tiny country embarking such experiment so as of september seventh of others. We'll have the option to either pay for services with us dollars which that became the national currency almost two decades ago or they can use bitcoin for
Official Bitcoin and Crypto Fall Preview
"What is the dominant macro-contexts. That's going to shape the fall for the bitcoin industry in particular to understand that. I think we have to i ask what was the story of the summer and i think the summer story in macro was in fact a transition. At the beginning of the summer inflation numbers were heating up consumer demand consumer spending were surging. The delta variant wasn't yet a huge problem and the general belief the operating framework for many in the market was that the fed's hand was going to be forced around tapering dovish monetary policy support for the markets. That would mean an earlier than expected reduction of bond purchases and eventually earlier than expected increase in interest rates. The way the market started to price this in was by selling off on tack in the high risk things that had been some of the biggest beneficiaries of that low interest rate environment that spilled over into bitcoin and crypto as well which are obviously even farther out on the risk spectrum than things like archetypes however over the course of the summer the biggest thing that changed was the rise of the delta variant it is created new questions about the return of economic strength limited lockdowns more mask mandates just general disruptions to the way that people lived and so it started as a recovery summer then turned into a. Maybe we're going to have to deal with this forever sort of environment when it comes the monetary policy discussion. This was really summed. Up by powell jackson hole. The annual jackson hole symposium put on by the kansas city fed is where the fed likes to signal big shifts or changes and up until a few weeks before this year's august event markets were expecting powell. To confirm that it was time to start tapering. Or at least time to start thinking about tapering as it caught closer. Though as the kansas city fed had to move the event from in person to virtual that shifted and instead what we got was a confirmation that dovish nece is going to remain intact for some time. What that means going towards the fall is that we're likely to see this low interest rate party and all of the attendant consequences for risk assets. Continue at least through the end of the year. If that changes it could have a pretty dramatic impact though on bitcoin. In the crypto. Seen as a whole
How Crypto Will Fix South Americas Money Problems
"Simon's here. how are you good. Man figure permanent. Of course Let's start with value. Do you guys building what. What is the goal here. So in simple terms we are a business. I crypto payments solutions for letting america and we are focusing venezuela which is going to hyper inflation and because of that people are looking for stable currencies right for for new solutions and the interesting thing is that typically benders are the ones who said the medium and the currency that they wanna accept right so being a business for solution is actually an interesting way to tackle this problem because we're focusing on giving businesses away to charge in stable points their costumers and in a way we're creating this marketplace say namic within consumers and businesses and the final objective say is to create crypto economies in latin america.
A $1.5T Asset Manager Is Getting Into Bitcoin
"Block works. This morning tweeted a job application from franklin templeton who are hiring a traitor dash crypto space currency. Yes that is how they described. Crypto currency crypto space currency. Franklin templeton is a company that was founded in nineteen forty seven it went public in nineteen seventy one and is basically just kept growing. The firm has more than four hundred fifty different mutual funds. The story here of course is just the continued integration of bitcoin into large institutional offerings and the current system along that front bitcoin magazine reported on a similar story. Customers at vast bank can now buy and sell bitcoin directly from their. Fdic insured checking accounts. Vast ceo. brad. Scrivener has made the argument in the past that he thinks that banks should be the best place to buy bitcoin quote or familiar with regulation. We're going to do the right things. We're going to do things to make sure the financial system is kept safe and sound. There's lots of different customers out there. That may want to control everything and have their own wallet. They're on passcodes. And then there are those who are crypto curious and may prefer to work with the bank or an intermediary just because they don't quite understand. Now that's the same argument driving a lot of the partnerships that breakdown sponsor ninety has been doing to get bitcoin buying selling in holding straight into customers bank accounts. So it's clear is. The mainstream is just plotting right along coming to bitcoin at its own pace in the meantime btc. The acid is back up over fifty k. But still many are wondering where. Bitcoin is from a market perspective for that. I'm going to do a mini long. Read sunday right in today's episode by reading this excellent thread from my friend and frequent breakdown. Guest travis cling he writes. Bitcoin is an interesting spot at the moment. A couple thoughts forty four days ago. The bitcoin chart was in big trouble. It had broken all sorts of support levels and had many people seriously doubting whether thirty thousand could hold again in the subsequent forty four days. Bitcoin covered a tremendous amount of ground. It did that thing it does. Sometimes we're just runs away from people. Oh you thought you were going to buy thirty or even lower. How about forty eight. A massive amount of damage has been repaired to the chart. We punched major fibs and points of control retested and held. Sr flips battled with the two hundred day and then firmly reclaimed. It impressive stuff.
Jack Dorsey Is Building a Decentralized Exchange for Bitcoin
"In july jack dorsey and square doubled down on their commitment to bitcoin. First they announced they would be open sourcing the development of bitcoin hardware wallet then they went even further with the announcement of tb. Not just a special project. Td is an actual new business. Division of square that sits alongside its seller cash app entitled divisions. Here's how jack. I described it squares. Creating a new business joining seller cash title focused on building an open developer platform with the sole goal of making it easy to create non-custodial permission list and decentralized financial services. Our primary focus is bitcoin. Its name is like our new bitcoin hardware wallet. We're going to do this completely. In the open open road map open development and open source mike. Brock is leading and building this team. And we have some ideas around the initial platform primitives. We want to build. How is this different. From square crypto square doesn't give direction to square crypto only funding. They choose to work on l. d. k. And are doing an incredible job. Td we'll be focused on creating a platform. Business will open source our work along the way so when you read that. A lot of people noted that they sort of sounded like they wanted to build defy on top of bitcoin and mike brooks tweets around the announcement seemed to point in that direction. As well quote. I also believe that technology has always been a story of decentralisation from the printing press to the internet to bitcoin technology has the power to distribute power to the masses and unleash human potential for good. And i'm convinced. This is the next step. As jack said we're going to be biasing towards being open and transparent so we'll be sharing a lot more about our plans in the coming days and weeks we're also going to be thinking of ways to include the community in our planet so stay tuned well at the very end of last week. We got confirmation that they were indeed looking in that decentralized finance direction. Here's mike brooks threat about it from friday. There's been a lot of speculation about what. Td is an isn't over. The last few weeks or team has been determining what needs to be determined. We wanted to finally share direction. And we have some questions we believe. Bitcoin will be the native currency of the internet while there are many projects to help make the internet more. Decentralized our focuses solely on a sound global monetary system for all
Understanding Bitcoin and Blockchains With Nic Carter
"Bitcoin right. Now is very interesting. Place you i was telling my brothers. Were like the voice of reason throughout all of the es g mining china ban of mining premium. Anytime that somebody in the mainstream media said something stupid it was like i gotta go right another rebuttal and you're just cranking them out. How do you evaluate where we are right. Now with mining specifically honestly. I think we're in an extremely good place okay. As far as money is concerned a lot of people were upset with. Musk myself included for what he had to say about. Bitcoin mining but for better for worse his comments catalyzed reaction among the mining community specifically in bitcoin. And we've seen this enormous reaction to create nonprofits associations just groups of individuals that are engaging in disclosure regarding what kind of energy they're using. We've also seen the shock. Which was the chinese hash rate migration. We couldn't plan for that. But that just so happen to have enormously positive effects for the mining space and i think the in the space of year bitcoin mining industry has gone from this completely opaque sort of unaccountable largely chinese industry mind with significant amounts of coal to almost a you know a strongly north american american industry. I mean not not exclusively but by the end of the. I wouldn't be surprised to see fifty percent hash rate in the us or canada. That wouldn't shock me at all right now. It's probably forty percent and hash. Rate is much more transparent about its operations not only that these miners increasingly publicly traded. We're seeing new listings all the time. We're seeing spikes. Ipo's all the time for these miners. The has made it clear they consider yes g. to be an important part of us capital markets again for better for worse the miners responding to that. And they're seeking out these renewable sources of
What's Happening in the Bitcoin Markets This Week?
"Yeah so again in the market. We've seen quite a bit of opportunity in this space You know. Bitcoin touched all the way up to fifty tried to touch up to fifty one And met resistance around fifty one thousand. It's broke down. I would imagine we'd probably see some consolidation For a moment here we saw a theorem. Continue to hires will gone away up to around thirty four thousand Donald reese an all time high which was mazing. One of my crypto calls of the week. You're welcome And several others That have done tremendously well Another thing that i like to bring up to is The overall market cap so the overall market cap we got above two trillion again We're almost got around two point one trillion Which is phenomenal The larger liberal market cap. The better thing. I wanna point out Bitcoin dominance It's has lowered down the forty three point seven percent right now and the reason why bitcoin dominance continue to go lower while the entire market cap continues to rise. It is essentially saying that we're seeing more and more cryptos starting to depart How it moves intrinsically with bitcoin. So i think it is healthy as bitcoin on continues to go lower And the prices continued to increase the. We're gonna see more and more of these Larger Crypto projects start to gain more value without having to correlate directly with the price of bitcoin. What about y'all would've Y'all been seeing the market this last week
The World Economy's 'Transitory' Supply Chain Issues Don't Seem so Transitory
"Here in the us. There have been many debates about what's good and what's bad about globalization on the bad side. The hollowing out of the american manufacturing and middle class and the attendant set of social problems. That has come with it. On the good side the reduce costs associated with the things that we buy the significant increases in. What's available to us. And how fast it gets to us. In other words a lot of consumption base things but few people tend to think about the bad side of globalization in terms of the inherent tradeoffs of just in time supply chains that trade off at core was trading resilience for efficiency. When you're based on a system of just in time supply chains. If one thing gets disrupted it can disrupt the rest of the entire system. What's more there's also a political risk. The world had been sufficiently organized around america for long enough. That the idea of an entire big chunk of the global supply chain going off line because of geopolitical reason seemed largely impossible. But what if it wasn't a geopolitical reason. What if instead it was say a virus last year the first domino to fall in the virus was of course china and that meant almost immediately significant disruptions trade and manufacturing by the time the virus got to the us we were seeing supply chains though in a whole different light. Remember those harrowing pictures of frontline medical staff using hockey masks and the like has protective equipment. That reality was caused by the fact that basically no personal protective equipment for medical professionals is made in america. Any longer supply chain issues then. All of a sudden weren't just an economic consideration but also a health consideration of public policy consideration and even a national security consideration this at the stage for the elections last year one of the few things biden and trump could get together on. Was that china sucked and we needed to be less. Reliant on them fast forward to this year so much of the macro conversation has been focused on creeping inflation. And what's going into it. The overarching framework. That officials have tried to sell the idea of inflation being transitory and a lot of that has been blamed on supply chain issues.