Up – 9k then down down and up again. The market is certainly poised for a significant break. A steep retrace seems the most likely short-term outcome but zooming out a little the bull looks in. As typical in crypto, lots of news and narratives to recap. Block.one just announced a faster EOS and a new social media platform -jury’s still out as to whether this was an ‘event’ or not.
Pick of the Week
A thorough examination of the remittance market is my pick of the week. Though this week’s podcast for the following quote alone “Quantitative easing is universal basic income for rich people”, comes in a close second.
Ari Paul talks crypto security (recommended):https://twitter.com/AriDavidPaul/status/1129499182153240577
Simple, sound crypto trading advice:https://twitter.com/krugermacro/status/1132954723752009728
An examination of crypto narratives (recommended):https://twitter.com/nlw/status/1131189917634179074
Very informative examination of IEOs from a market professional (highly recommended):https://twitter.com/jdorman81/status/1131612706509770752
Grayscale BTC premium is very high indeed and in demand too: https://twitter.com/iamjosephyoung/status/1133639252615426049
Sometimes you just need to read a 100-page doc on Economic and Non-Economic Trading In Bitcoin:https://twitter.com/nategeraci/status/1132072689416454144
Recent BTC trading activity by region:https://twitter.com/JamesTodaroMD/status/1132837189203648512
People actually getting paid in crypto – baby step but a step nonetheless:https://twitter.com/krakenfx/status/1131631900517289984
Personal Agency examined:https://twitter.com/george__mack/status/1068238562443841538
A reality check of the ‘promise’ of Web 3.0 (recommended):https://hackernoon.com/how-the-utopian-vision-of-web-3-0-clashes-with-reality-60a8dfb2fb3b
Continuing Bit-Brain’s Decentralized Series:https://trybe.one/decentralised-victories-part-ii
An optimistic take on blockchain in China:https://www.forbes.com/sites/muyaoshen/2019/05/20/the-changing-regulatory-landscape-how-blockchain-can-work-in-china/#7eb3c8bb5a2a
Who controls Bitcoin core and the proposal process? (highly recommended):
Trading Crypto (highly recommended):https://hackernoon.com/5-things-to-remember-when-beginning-to-trade-cryptocurrencies-6125df064ba1
What are Lightning Network submarine swaps?:https://medium.com/muunwallet/a-closer-look-at-submarine-swaps-in-the-lightning-network-4417a2e8f93c
Diving into decentralization:https://hackernoon.com/dont-let-them-spit-in-your-beer-decentralization-beyond-blockchain-6a85656bab92
Examining the remittance market highly recommended):https://medium.com/proofofcapital/remittance-market-primer-and-landscape-3213c2c81771
Bitcoin’s relationship to broader financial markets (recommended):
Block.one Announcement stream (faster EOS, Voice platform):
Stock to flow ratio and its possible relationship to BTC price (recommended but only one factor among many)
Bitcoin value explained:
Delegated proof of stake was always going to have growing pains (highly recommended):
Some global corporate giants are partnering up with a range of crypto projects:
That’s it for another busy week in crypto. See you for another rummage next week. 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.