As the FED’s balance sheet crosses $7 trillion and Hong Kong’s independence dies - the case for Bitcoin grows ever stronger. Don’t be fooled though - challenges abound from government antipathy to inter-crypto tribalism - smooth sailing it most certainly shall not be.
Another week of rich narrative discussion - Twitter as per usual being an excellent place from which to observe the ‘great show’.
Picks of the Week
This report examining the unfolding institutionalization of Bitcoin. If looking to round out your knowledge on BTC there is no better podcast resource than this. Also an easy recommendation is this brief discussion of BTC risk factors going forward.
BTC’s properties:
https://twitter.com/pierre_rochard/status/1262154649701945345
The issuance contrast:
https://twitter.com/tylerwinklevoss/status/1259885898138861570
For you Trekkie fans out there:
https://twitter.com/EditionSatoshi/status/1260067498076012544
BTC fiat contrast in the FED’s own words:
https://twitter.com/BChappatta/status/1262164078019084295
Adoption of BTC isn’t as widely required as soon may think:
https://twitter.com/gaborgurbacs/status/1262360088976769024
Institutions are here - now (recommended):
https://twitter.com/MessariCrypto/status/1262399907257868291
Visa had something interesting to say about crypto this week:
https://twitter.com/_RJTodd/status/1262115994467794945
Crypto folks worth a follow:
https://twitter.com/ihatecodee/status/1262922211645669383
Continuous Liquidity Pools - a thread (recommended):
https://twitter.com/Rewkang/status/1232414958706520064
DigiByte founder bows out - in his own words (indirectly highlights one of BTCs competitive advantages):
https://twitter.com/jaredctate/status/1261284080827674625
Thoughts on central bank digital currencies (recommended):
https://twitter.com/cuysheffield/status/1262165232027185152
Hong Kong’s independence just died - a thread on why this matters (highly recommended):
https://twitter.com/milessuter/status/1263806064421736448
Articles
A quality Messari report examining the institutionalization of BTC (highly recommended):
https://messari.io/bitcoin-halving-2020/institutional
Explaining crypt to ‘normal’ people:
https://markhelfman.com/2020/05/15/the-best-way-to-talk-to-normal-people-about-cryptocurrency/
Arguing that PoW is not inefficient (recommended):
https://www.danheld.com/blog/2019/1/5/pow-is-efficent
Unsure of whether to buy BTC?:
https://medium.com/in-bitcoin-we-trust/5-things-to-know-if-youre-hesitating-to-buy-bitcoin-for-the-first-time-44c269b4f493
Outlining BTC core value:
https://medium.com/in-bitcoin-we-trust/open-letter-to-peter-schiff-that-claim-bitcoin-has-no-intrinsic-value-ea95e02d6163
Government policies are in themselves a catalyst for BTC growth:
https://medium.com/in-bitcoin-we-trust/governments-response-to-the-economic-crisis-will-be-a-catalyst-for-the-upcoming-bitcoin-price-4755cfa366b2
Capital markets past/present/future (report format - highly recommended):
http://brucefenton.com/economic-report/
An analysis of how to assign value to crypto assets (highly recommended):
https://bankless.substack.com/p/how-to-value-crypto-capital-assets
A brief outline of BlockOne’s entry into EOS voting:
https://block.one/news/initial-voting-criteria-and-next-steps/
Podcasts
The single best podcast resource for budding Bitcoiners (highly recommended):
https://www.whatbitcoindid.com/the-beginners-guide-to-bitcoin
Examining the diverse and sometimes confusing world of Bitcoiners (recommended):
https://anchor.fm/5-minute-crypto-podcast/episodes/Five-Minute-Crypto--The-Bitcoiner-Menagerie-ee04jn/a-a1pvsb
Misir Mahmudov outlines his new BTC book (recommended):
https://play.acast.com/s/tales-from-the-crypt/8555c47a-42a9-42e8-acdd-9f69488c6cc2
YouTube
Andreas Antonopoulos discusses some common threat vectors for BTC going forward (highly recommended):
An intro to BTC for those Potter fans among you (also highly entertaining):
Alex Saunders on markets and opportunities (recommended):
A somewhat gushing overview of pending ETH developments - informative but uncritical (recommended):
Where to from here for the global economy (recommended):
Recessions - brief overview (recommended):
Infographics
Hashrate has taken a hit (as expected):
https://twitter.com/ssaurel/status/1262283215303294977/photo/1
On the other hand Bitcoin addresses holding more than 1 BTC continue to rise:
https://twitter.com/glassnodealerts/status/1262629520307298304/photo/1
BTC has returned to a blissful lack of correlation with stocks:
https://twitter.com/lawmaster/status/1260869426586451969/photo/1
Website/Utility
What better way to while away the day than with this BTC transaction visualization tool:
So much happening around the cryptosphere. It’s hard to keep up but well worth the time invested. As always, looking forward to your comments and suggestions.
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.
