Well, that escalated quickly - Paypal, Mastercard, and Visa now all want to play crypto. US banks have been greenlit to custody by the OCC (Office of the ComPtroller of the Currency) and Ethereum seems to have finally thrown off its slumber. Over 4 billion dollars is now locked up in DeFi and Bitcoin just strapped a rocket on. All in all, an excellent week in crypto. Comment
Oh, and GPT-3 is a thing.
Picks of the Week
This epic thread on the recent guidance by the OCC. This thought-provoking exploration of progress as a myth. A fascinating outline of tech/deflation and destructive monetary policy with Jeff Booth. This highly instructive visualization of being 'dumped on'. While you are at it - watch this sobering visualization of money printing.
High-value thread examining the implications of recent OCC crypto guidance (highly recommended):
https://twitter.com/CaitlinLong_/status/1286226852244160512
- CaitlinLong_
On one aspect of Satoshi’s genius:
https://twitter.com/gladstein/status/1283906498154962949
- gladstein
It’s demanding to be a Bitcoin maximalist (highly recommended):
https://twitter.com/Croesus_BTC/status/1285390811111100416
- Croesus_BTC
On BTC price moves (recommended):
https://twitter.com/alphaazeta/status/1284585367702773762
- alphaazeta
Is price stability a worthy goal?
https://twitter.com/pierre_rochard/status/1284908820888727552
- pierre_rochard
Debunking - ‘Eth has no value’ (recommended):
https://twitter.com/MorganTBennett/status/1283891876098121728
- MorganTBennett
Get on the Bitcoin ark:
https://twitter.com/Moon__Capital/status/1284979890488516608
- Moon__Capital
Erc-20 tokens marching on:
https://twitter.com/MessariCrypto/status/1283830758986207234
- MessariCrypto
A mega-thread on GTP-3 (highly recommended):
https://twitter.com/JayAlammar/status/1285498971960598529
- JayAlammar
The global economy is very fragile:
https://twitter.com/NorthmanTrader/status/1282966507513937921
- NorthmanTrader
Articles
Analyzing the Bitcoin journey (highly recommended):
https://dergigi.com/2020/06/15/the-bitcoin-journey/
Reframing hashrate (highly recommended):
https://blog.kraken.com/post/5719/kraken-intelligence-introduces-new-statistical-model-for-bitcoins-hashrate/
US banks cleared to handle crypto:
https://cointelegraph.com/news/us-banking-regulator-green-lights-crypto-custody-at-federally-chartered-banks
The Twitter hack was not about Bitcoin but there were lessons to be gleaned from it (recommended):
https://medium.com/in-bitcoin-we-trust/the-7-big-lessons-that-twitter-massive-hack-teach-us-on-bitcoin-62351b2bfb1a
An introduction to building DeFi on Ethereum (recommended):
https://blog.coinbase.com/introduction-to-building-on-defi-with-ethereum-and-usdc-part-1-ea952295a6e2
A stablecoin of the future? (highly recommended):
https://medium.com/@atvanguard/a-curvy-defidollar-c249438c154a
Progress as a myth (highly recommended):
https://wrongalot.substack.com/p/progress-as-a-myth-the-thielian-moment
GPT-3 an explanation (highly recommended):
https://medium.com/analytics-vidhya/a-simple-explanation-of-gpt-3-571aca61208c
Discussing FED corporate intervention:
https://www.politico.com/news/2020/07/16/fed-corporate-intervention-worry-365047
Debt, debt, debt (recommended):
https://app.hedgeye.com/insights/86668-the-world-is-drowning-in-debt?type=macro%2Cmarket-insights
Podcasts
Jeff Booth on the tech/deflation dynamic (highly recommended):
https://anchor.fm/podcast-8f267c0/episodes/The-Price-of-Tomorrow-with-Jeff-Booth-BEC044-egif69/a-a2ltcka
Gigi on Bitcoin (highly recommended):
https://bitcoinundco.com/en/gigi/
Is (global) dollar shortage no longer an issue (highly recommended):
https://open.spotify.com/episode/6koaym6FnUApVXrTndj3hfYouTube
Unpacking Bitcoin’s history to date (recommended):
Plotting the next BTC breakout:
Watch and learn (highly recommended):
https://twitter.com/will__price/status/1283860523981983744
- will__price
Token swap in action (how to earn fees as a liquidity provider - EOS specific):
Overview of Crypto.com:
A sobering visualization of money printing (highly recommended):
Infographics
CME open interest ramping up:
https://twitter.com/skewdotcom/status/1286585167851683840/photo/1
- skewdotcom
So true…
https://twitter.com/CryptoBull/status/1282965149343604744/photo/1
- CryptoBull
Also true:
https://twitter.com/Melt_Dem/status/1282442479455928321/photo/1
- Melt_Dem
Crazy world we live in:
https://twitter.com/lisaabramowicz1/status/1284534182539141120/photo/1
- lisaabramowicz1
Website / Utility
A good resource re the DeFi space now - 4 billion and counting:
https://defipulse.com/defi-list/
If last week didn’t excite you - perhaps you weren’t paying attention? 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.