Cryptocurrencies

The Sunday Crypto Recap – Down the Rabbit Hole 90

Global stock markets continue to trend higher – so everything must be fine. Makes sense, right? Comment

Twitter got itself hacked – an event the media happily marketed as a ‘Bitcoin scam’. In any case, Obama and Elon Musk are now Bitcoin bulls, so there’s that!

Bitcoin is clearly approaching a decision point – probably best to think on it before it does…

Some Alts continue to outperform particularly those in the DeFi space – worth noting users are still few and far between. A lot of influencers are now shilling ‘hidden-gem’ DeFi projects – treat these endorsements with extreme skepticism.

As per usual, lots of narratives to explore from this last week in crypto – enjoy!


Picks of the Week

Greed is good? Well, not always. A Bitcoin podcast guaranteed to teach you something. Exploring  Bitcoin in the context of Austrian economics.


Twitter

Now that was a faucet!:
https://twitter.com/DavidJNage/status/1282287317613449218

BTC hashrate already back at all-time highs:
https://twitter.com/_Nick_Chong/status/1282441520285487104

More on hashrate – proof of work equivalent days:
https://twitter.com/BobMcElrath/status/1282690286381039616

On hodling BTC in 2020:
https://twitter.com/caprioleio/status/1241772569235034117

A thread exploring whether altcoin profits end up recycled into BTC and Eth (recommended):
https://twitter.com/AriDavidPaul/status/1282118061311524917

Bitcoin viewed in terms of land (recommended):
https://twitter.com/guydbennett/status/1280911312978161664

BTC’s energy value:
https://twitter.com/caprioleio/status/1280123919211679744

DeFi continues to grow rapidly:
https://twitter.com/econoar/status/1280265740101103616

A step by step Twitter scam:
https://twitter.com/anilsaidso/status/1283544832888070145

In time they (central banks) will all walk this path:
https://twitter.com/crypto_rand/status/1282721205007589377

In defense of ideas freely disseminated (non-crypto specific):
https://twitter.com/eriktorenberg/status/1282427077409386501


Articles

Beware greed…(highly recommended):
https://medium.com/in-bitcoin-we-trust/greed-is-the-number-one-enemy-in-the-bitcoin-world-7d247463d2b8

Bitcoin occupies a space of its own:
https://cointelegraph.com/news/comparing-apple-to-bitcoin-crypto-occupies-a-class-of-its-own

A concise introduction to Bitcoin (highly recommended for those new to the space):
https://bitcoin-only.com/#bitcoin

On ‘the hack’:
https://bitcoinmaximalist.net/twitter-hack-not-bitcoin-scam-twitter-hackers-fool-fools-out-of-bitcoin/

Nic Carter on the Twitter hack (recommended):
https://www.coindesk.com/after-twitter-hack-we-need-user-owned-internet-more-than-ever

Chainlink tokenomics:
https://medium.com/understanding-basic-chainlink-tokenomics/chainlink-tokenomics-the-guide-to-understanding-a-unique-asset-class-link-b766d5a89759

A great outline of how to get off zero when it comes to coding non-crypto specific but highly recommended):
https://hackernoon.com/learn-to-code-in-30-days-my-personal-journey-yv3y3ua0

Is continued dollar supremacy a given?
https://www.project-syndicate.org/commentary/covid19-shock-rapid-dollar-depreciation-by-stephen-s-roach-2020-06

Debt, debt, and a dash more debt:
https://www.zerohedge.com/economics/world-drowning-debt


Podcasts

An hour well spent in the company of some of Bitcoin’s most eloquent commentators (highly recommended):

https://open.spotify.com/episode/0KfUWJoLFBFPftMqvXQfXu

Explaining the intersection of Bitcoin and Austrian economics (highly recommended):

https://stephanlivera.com/episode/71/


Hodling Bitcoin requires an awareness of risk (recommended):

https://anchor.fm/5-minute-crypto-podcast/episodes/Five-Minute-Crypto–The-Bitcoin-Hodler-Rabbit-Hole-Risk-eg7624/a-a1pvsb

YouTube

Broader market investors view of Bitcoin (recommended):


Entertaining but true:


Why no movement for Eth? (recommended):


Colin tours the crypto landscape and debunks the ‘state’ of the economy along the way(recommended):


An overview of the ‘potential of VeChain:


Modern Monetary Theory explored (recommended):


Exploring FED stability:


Infographics

Yep, ATH boys and girls:

https://twitter.com/_Nick_Chong/status/1282441520285487104/photo/1


You know it, I know it, how long until ‘they’ know it:

https://twitter.com/LastCoinStandng/status/1279251603204145152/photo/1


There’s truth here:

https://twitter.com/BitcoinMagazine/status/1282042102126444548/photo/1


Website/Utility

An article resource re DeFi – beware not a lot of objectivity here:

https://defiprime.com/


A week of woe and wonder – crypto rarely does ‘normal’. 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.

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