Monthly Archives: October 2021

On Confidently Misunderstanding Bitcoin: A Response To Steve Hanke

The arguments against cryptocurrencies did not accurately reflect current data nor common understanding of terms. Economist Steve Hanke of Johns Hopkins University is well-known in the Bitcoin community for posting innumerable variations of the same tweet — “Bitcoin is too volatile and has a fundamental value of 0.” (I suspect he still hasn’t read my essay on how to think about Bitcoin’s value.) But in a recent opinion piece, “How Innovative Is Crypto?”, Hanke tried his hand at some new arguments. The essay is subtitled, “The case […]

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Top 5 cryptocurrencies to watch this week: BTC, ETH, SOL, MATIC, FTM

Bitcoin’s shallow pullback increases the prospect of a new all-time high in the short term and altcoins like ETH, SOL, MATIC and FTM could move higher while BTC prepares for its next move. On Oct. 15, news that a Bitcoin (BTC) exchange-traded fund (ETF) could start trading as early as next week sent Bitcoin price to $62,933 but the rally has cooled off since then. Some market participants believe that traders who bought the rumor of approval for a Bitcoin ETF product may sell on the news. […]

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The ‘Holding Billionaires Accountable’ Lie — Media, Big Tech Fact Checkers Mischaracterize Angst Toward Biden’s Tax Proposal

U.S. citizens and financial institutions are concerned about the Biden administration’s goals to get banks to report to the Internal Revenue Service (IRS) aggregate inflows from a customer’s bank account annually that exceed $600. Mainstream media is reporting and Big Tech’s swarm of fact-checkers have said that some lawmakers are mischaracterizing the proposal. Biden Administration’s $600 Tax Proposal Ignites Heated Debate and So-Called Fact-Checking In May, it was reported that Biden’s IRS planned to add more staff and focus on cryptocurrency exchange. The accounts stemmed from a […]

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Schrödinger’s Bitcoin

Schrödinger’s cat is a thought experiment in quantum mechanics that demonstrates a paradox of quantum superposition. Schrödinger’s Bitcoin The Center Cannot Hold: 9 “I always go to sea as a sailor, because they make a point of paying me for my trouble, whereas they never pay passengers a single penny that I ever heard of. On the contrary, passengers themselves must pay. And there is all the difference in the world between paying and being paid. The act of paying is perhaps the most uncomfortable infliction that […]

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Portfolio rebalancing through DeFi must be simplified to see adoption

The decentralized finance industry is growing rapidly, and it’s time for portfolio risk management to keep up with innovations. Central banks and key leaders are increasingly raising further alarms for rising inflation, causing spirals of doubt across the world. Just recently, United States Treasury Secretary Janet Yellen called for Congress to either raise or suspend the U.S. debt ceiling, stating that the government will run out of money to pay its bills by October. What seems to sound more like a horror film of the future is merely […]

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Centric Swap leads ‘Uptober’ after a swift 1,000% gain. Here’s why it could go higher

CNS price rallied roughly 1,000% in the past 5 weeks as new partnerships, a chain migration and the promise of “announcements upon announcements” lure new investors. In the past few weeks, Centric Swap (CNS), a dual-token model that gives stakers a fixed hourly yield that “stabilizes over time as it self-regulates token supply to meet ongoing changes in demand,” has rallied more than 850% and still about 200% away from its previous all-time high. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low […]

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Valve Bans Games Built on Blockchain, NFTs, and Cryptocurrencies From Steam Gaming Platform

This past week, Valve, the parent company of the video game digital distribution service Steam updated its distribution onboarding guidelines. According to the newly updated rules, the company is banning any “applications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs.” Newly Updated Onboarding Guidelines for Steam Says ‘You Shouldn’t Publish’ Applications ‘Built on Blockchain,’ or ‘Allow the Exchange of NFTs, Cryptocurrencies’ Valve seems to have an issue with games that involve blockchain technology, crypto assets, or non-fungible token (NFT) collectibles. The company […]

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The Bitcoin Haters And Their Bitcoin Beef

These notorious bitcoin bears have much to say about the technology — may the market decide the winner. “Disgusting and contrary to the interests of civilization” “Of course I hate the bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth. I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization.” – Charlie Munger of Berkshire Hathaway. Those were the words of ninety-seven year-old Charlie Munger, the vice-chairman of the investing […]

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Next Bitcoin price crash will be ‘shallower’ than 80%, says Pantera Capital CEO

Bitcoin price increases will also be less dramatic moving forward, the report suggests. Bitcoin (BTC) market’s tendency to crash by over 80% after logging strong bull runs might come to an end. That is according to a new report published by California-based hedge fund Pantera Capital. In detail, the report notes that the recent periods of BTC price drops have been less severe than in the past. For instance, in 2013-15 and 2017-18, Bitcoin crashed by as much as 83% after topping out near $1,111 and $20,089, […]

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Fasten your seatbelt: Crypto’s impact on marketing has only just begun

The marketing will adjust to a new crypto future, with a decentralized consumer community, operating via Web 3.0. The road to the adoption of blockchain and crypto in the marketing industry is a long and winding road. But make no mistake about it: Transformation is well on its way and the road will soon turn to a highway. As someone who has been a creative director, agency owner/partner, strategic planner, chief marketing officer for fintech startups and an entrepreneur, I’ve seen the marketing industry from multiple vantage […]

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