Are we there yet? Not quite. Bitcoin lies poised just below 12k - should it crest this level and stay above it for a few days things could get very interesting. The same can be said of Ethereum. Speaking of Ethereum, it seems there is currently no reliable means of proving how much of it actually exists. DeFi remains a subject of heated interest but buyer beware -there’s a lot of hot-air here too. ChainLink decided to go on an epic stop hunt - it’s another bellwether and worth watching from here.
Picks of the Week
Caitlin Long on banks, regulation, and Bitcoin is a must. As is this discussion of current market turmoil and what lies ahead. This insightful analysis of the sense underlying Bitcoin is another highlight.
There’s plenty about Bitcoin that excites (recommended):
https://twitter.com/gladstein/status/1291600306891943936
Throwing hashpower into the mix (recommended):
https://twitter.com/SGBarbour/status/1290517461310140416
On one aspect of BTC vulnerability:
https://twitter.com/matt_odell/status/1206571153172680705
A thread on DeFi (highly recommended):
https://twitter.com/davesaidthat_/status/1289145640300064769
On leverage trading (recommended):
https://twitter.com/GordonBuckley3/status/1289848037880115201
Hard-won crypto VC lessons:
https://twitter.com/SBF_Alameda/status/1291231303682027520
Someone’s making money:
https://twitter.com/insidernews/status/1289260308775698432
Articles
Bitcoin is a common-sense investment (highly recommended):
https://nakamotoinstitute.org/mempool/bitcoin-is-common-sense/
Bitcoin and its place in a future economy:
https://medium.com/the-capital/what-does-a-future-economic-system-look-like-on-bitcoin-406765274e72
Early FOMO makes a reappearance:
https://www.bloomberg.com/news/articles/2020-08-05/bitcoin-delirium-makes-a-reappearance-while-risk-assets-surge
On mining - who/what/where:
https://cointelegraph.com/news/china-controls-50-of-bitcoin-mining-while-us-hits-14-new-survey
Bit Brain on DeFi:
https://trybe.one/defy-the-market
Has Libra lost its moment?:
https://medium.com/swlh/as-facebooks-libra-loses-its-relevance-what-s-next-for-global-payments-fffb87e1d63
On and on goes the rampant money printing:
https://mises.org/wire/money-supply-growth-hits-new-high-third-month-row#.XyBBFY8X1xs.twitter
Podcasts
One of the smartest minds in crypto talks banking, Bitcoin and Austrian economics (highly recommended):
Oracles and Defi are the focus here (highly recommended):
YouTube
An excellent intro to Bitcoin for the newly interested (highly recommended):
A simple explanation of the Lightning Network:
An excellent discussion of current market conditions, technology, deflation and Bitcoin (highly recommended):
A weekly roundup worth being aware of - a developer’s perspective:
A flight of crypto fancy:
Infographics
The Lightning Stack:
https://twitter.com/BitcoinQ_A/status/1284806939822694401/photo/1
Looks like folks spent their stimulus check on Bitcoin:
https://twitter.com/AlexSaundersAU/status/1291164965873778700/photo/1
This is fine:
https://twitter.com/NorthmanTrader/status/1289145610919084032/photo/1
Website / Utility
For the budding yield farmers among you:
Another week in the crypto history book. Don’t worry, more pages are being written! 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.
