Apparently, how $600 billion dollars of public funds is spent is now ‘private’ even to government oversight bodies. Such government obfuscation can only be possible where mind-bending sums of dollars can simply be conjured into existence. Comment

Bankruptcy stock buying is now a (short-term profitable) thing. Magic internet money appears sensible by comparison.

The buy Bitcoin narrative isn’t in any danger of losing steam. Could we see a sharp drop if the current (absurd) stock market rally stalls/reverses? – Of course. Does that matter in the long term? – Not one bit.

India’s move to ban all crypto is sadly likely just the first of many such bans – plan accordingly. They will ultimately fail but that doesn’t mean there won’t be many crypto casualties along the way.

As per usual – the cryptosphere offered up a treasure trove of fascinating developments, discussions, and division.

Picks of the Week

These articles – The intolerant minority a Bitcoin narrative reframed and Millionaires are probably not your best BTC bet. This podcast unpacking the offshore dollar economy and why it matters.

Twitter

Bitcoin is here to stay (recommended):
https://twitter.com/dergigi/status/1269918932913324034

Interesting times we live in:
https://twitter.com/SimonDixonTwitt/status/1269878157500448768

BTC demonstrating resilience (recommended):
https://twitter.com/100trillionUSD/status/1269917068310327296

BTC’s balancing act:
https://twitter.com/katmaiBeast/status/984112095976275968

This is fine (not):
https://twitter.com/Sawcruhteez/status/1269533092634669056

Monies destroyed by lack of hardness/difficulty to produce:
https://twitter.com/naturalmoneybtc/status/1269485970417545218

Time to drop the tax charade?:
https://twitter.com/EconguyRosie/status/1268509845839319041

Good stock picks – bro:
https://twitter.com/NorthmanTrader/status/1270024028850454529

Articles

‘Bitcoin is less defended by an intolerant minority than it defends against an intolerant minority’. (highly recommended):
https://uncommoncore.co/bitcoin-and-the-intolerant-minority/

Are millionaires coming to the rescue? Probably not (highly recommended):
https://medium.com/the-capital/the-myth-of-millionaires-and-bitcoin-3870f1fc79bf

Henry Ford was a visionary in more ways than just car production (recommended):
https://cryptocoin.news/cryptocurrency/henry-ford-predicted-bitcoin-almost-100-years-ago-33231/

Music and blockchain -natural friends:
https://cointelegraph.com/news/blockchain-to-disrupt-music-industry-and-make-it-change-tune

A deep dive into crypto exchange metrics (recommended):
https://blog.bitmex.com/may-2020-report-into-cryptocurrency-exchanges-from-cryptocompare/

EOS making some progress in terms of blockchain gaming:
https://www.dfuse.io/en/blog/gaming-on-blockchain-platform-overview-eosio

The FED has really set the market on fire – this will not end well (may be gated):
https://www.ft.com/content/52a46bcf-f238-43cd-82dd-c48c3c1883e3

Podcasts

Exploring the offshore dollar behemoth (highly recommended):

Holding BTC re-awakens our sense of individual sovereignty (highly recommended):

Tech titans aren’t planning on quietly fading away – lots to learn here re Facebook, Google, Amazon:

YouTube

BTC mining centralization is still an issue (highly recommended):

Onwards and upwards for BTC:

Making the case for BTC buyers at much higher prices:

Bullish scenarios for Bitcoin by Alessio Rastani:

Andreas Antonopoulos on inflation and BTC (recommended):

Infographics

If only there were a trend…:

https://twitter.com/ssaurel/status/1269605968679182337/photo/1

Good advice all around:

https://twitter.com/BKFUniversity/status/1226202337888235521/photo/1

Website / Utility

Excellent crypto research library:

Well, that was yet another fascinating week in crypto! Time-consuming – sure. Challenging – no doubt. Worth the time? – Absolutely! 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.