Some thoughts about the impact of China's policy on #Bitcoin mining industry: The current situation of #Bitcoin mining in China is not as serious as you think.

CAPITULATION

"web3" instead of "crypto" is such a great vehicle for reframing & legitimizing the space in the eyes of people who already wrote off bitcoin/ethereum/whatever very next gen

Nice take from Michael Housmans link.medium.com/rVmNZ4ZjQlb Second order thinking says... Pamp it

The VCs are the problem *not the people

Markduša Gary Vaynerchuk

Instead of a KYC mandate, this could be a GOLDEN opportunity for a digital identity solution using zero knowledge proofs. Real humans authenticated + privacy preserved + catalyst for crypto adoption = Win/Win/Win

U can only snipe the bottom if u keep your passion in crypto when everyone has left

Sobering image of the Terra implosion... Nov 10 was the literal top of the bull, and then UST (a "safe asset") did a 6x in market cap from there. Tragic.

#Bitcoin billboard says “Your savings are being printed away. Plan ₿” 👏

As explained on TMC, there are technical reasons why this rally might extend into year-end. But please contextualize. Assuming earnings grow 5% in 2023 (brave...), buying the SPX at 4200 means investing at 18x P/E. That's a 5.5% earnings yield. With risk-free rates at 4-5%.

WTF

Here Come "Programmable Dollars": New York Fed And 12 Banking Giants Launch Digital Dollar Test zerohedge.com/markets/here-c…

Twitter has broken just about every piece of this FTX story using blockchain analytics, while NYT is writing puff pieces on a criminal. Feels like a turning point for citizen journalism and loss of trust in MSM.

couple more liquidations then up only

Clown world

SEC Commissioner Hester Peirce Jan. 20, 2023 Remarks before the Digital Assets at Duke Conference "profound consequences for human freedom" 🫡

If everything around you is polished and professional, you are not on the frontier.