Twitter - HackMD

![](https://i.imgur.com/33vYHSo.jpg) Photo by[ Jessica Ruscello](https://unsplash.com/photos/OQSCtabGkSY) on Unsplash --- This weeks recap reflects the intense regulatory and government scrutiny lavished on crypto in recent days. US lawmakers exhibited a wide-range of stances from recognition of BTC as 'an unstoppable force ' to repeated calls to hit it with the ban hammer. This is just the beginning of a multi-year (decade?) debate on blockchain and cryptos. There are going to be many missteps and anyone hoping for a smooth transition to a post-legacy finance era is surely going be bitterly disappointed. Strap-in, be realistic and prepare for volatility - destination unknown. --- ## Picks of the Week Why BTC? - [this article](https://medium.com/@wiz/why-bitcoin-359ada12629e) makes a convincing case. Ray Dalio has made a wildly successful career out of being ahead of the economic curve - his article on [a pending paradigm shift](https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio/) in the global economy is fascinating. --- # Twitter A reality check on the 'myth' (in most cases) of early adopters of BTC: https://twitter.com/zhusu/status/1149575395529781252 Volatility argued as a positive for BTC: https://twitter.com/danheld/status/1150766969253031936 Centralizing chain-tokens to achieve speed/lower costs comes with other consequences: https://twitter.com/matt_odell/status/959146749091749888 Now you can track EOS 1.8 upgrade progress: https://twitter.com/EOSauthority/status/1150734034605084672 Thoughts on EOS, community, BPs, voting incentives etc: https://twitter.com/tokenstate/status/1151555321438957568 Secretary Mnuchin talked crypto but was anything new really said?: https://twitter.com/jchervinsky/status/1150837275917508608 Nic Carter's take on 'Bitcoin is based on 'thin air': https://twitter.com/nic__carter/status/1150955296283602945 Is the establishment beginning to catch on to the existential threat BTC poses?: https://twitter.com/real_vijay/status/938139480531255296 Trading support and resistance levels: https://twitter.com/krugermacro/status/1024791983309680640 A rebuttal of quantum computers as a pending issue for crypto: https://twitter.com/jimmysong/status/1150621392674664448 --- # Articles Why BTC - an accessible discussion of money - security/privacy and freedom (highly recommended): https://medium.com/@wiz/why-bitcoin-359ada12629e Trying to please everyone has its costs: https://cointelegraph.com/news/libra-is-so-screwed-should-have-used-bitcoin-says-samson-mow Libra hearing partial transcript: https://cointelegraph.com/news/key-comments-from-libra-hearing-at-us-house-of-representatives Blockchain has a lot to offer charitable organizations: https://hackernoon.com/blockchain-projects-are-helping-to-bring-trust-back-to-charity-xc9ze38ty Trouble ahead for the global economy? - Ray Dalio certainly thinks so (highly recommended): https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio/ Beware those who pander to your prejudices (non-crypto): https://old.trybe.one/archives/demagoguery-masterclass/#comment-93453 --- # Podcast Discussing Bitcoin's energy profile (recommended): ![](https://i.imgur.com/nrtrQ6n.png) https://podcasts.apple.com/au/podcast/michel-rauchs-on-bitcoin-electricity-consumption-index/id1317356120?i=1000444601823 --- # YouTube Bitcoin as a New Wealth Paradigm - inspired by Ray Dalio's endorsement of gold (timestamp 3:08): https://youtu.be/VdApz_HSyiM --- Crypto is weird this being yet another case in point (recommended): https://youtu.be/cpCvzvsEZXM --- Digital Identity - a concise explanation: https://youtu.be/PBFjZ-Nfz6g --- # Infographic Recent months have been very kind to BTC buyers (a pullback might be viewed in that context): expectation: ![](https://i.imgur.com/oTPM2UT.png) https://twitter.com/Rptr45/status/1148566552448524293 --- # Website / Utility A very handy tool for assessing the staking rewards offered by different cryptos: ![](https://i.imgur.com/VNlJHue.png) https://stakingrewards.com/asset/neo --- A high stakes week with many more to come. The establishment is just beginning to sniff the existential danger crypto poses to the status quo - let the games begin! --- **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.* --- Also published on TIMM. ![](https://i.imgur.com/UivZJ9J.png)

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