The Sunday Crypto Recap - Down the Rabbit Hole 85


https://pixabay.com/photos/books-bookstore-book-reading-1204029/

Apparently, how $600 billion dollars of public funds is spent is now 'private' even to government oversight bodies. Such government obfuscation can only be possible where mind-bending sums of dollars can simply be conjured into existence.

Bankruptcy stock buying is now a (short-term profitable) thing. Magic internet money appears sensible by comparison.

The buy Bitcoin narrative isn't in any danger of losing steam. Could we see a sharp drop if the current (absurd) stock market rally stalls/reverses? - Of course. Does that matter in the long term? - Not one bit.

India's move to ban all crypto is sadly likely just the first of many such bans - plan accordingly. They will ultimately fail but that doesn't mean there won't be many crypto casualties along the way.

As per usual - the cryptosphere offered up a treasure trove of fascinating developments, discussions, and division.

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# Picks of the Week

These articles - The intolerant minority a Bitcoin [narrative reframed](https://uncommoncore.co/bitcoin-and-the-intolerant-minority/) and [Millionaires](https://medium.com/the-capital/the-myth-of-millionaires-and-bitcoin-3870f1fc79bf) are probably not your best BTC bet. This podcast unpacking the [offshore dollar economy](https://open.spotify.com/episode/6BqMgLfk4puE8Sf92D6RMC) and why it matters.

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# Twitter

Bitcoin is here to stay (recommended):
https://twitter.com/dergigi/status/1269918932913324034

Interesting times we live in:
https://twitter.com/SimonDixonTwitt/status/1269878157500448768

BTC demonstrating resilience (recommended):
https://twitter.com/100trillionUSD/status/1269917068310327296

BTC's balancing act:
https://twitter.com/katmaiBeast/status/984112095976275968

This is fine (not):
https://twitter.com/Sawcruhteez/status/1269533092634669056

Monies destroyed by lack of hardness/difficulty to produce:
https://twitter.com/naturalmoneybtc/status/1269485970417545218

Time to drop the tax charade?:
https://twitter.com/EconguyRosie/status/1268509845839319041

Good stock picks - bro:
https://twitter.com/NorthmanTrader/status/1270024028850454529

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# Articles

'Bitcoin is less defended by an intolerant minority than it defends against an intolerant minority'. (highly recommended):
https://uncommoncore.co/bitcoin-and-the-intolerant-minority/

Are millionaires coming to the rescue? Probably not (highly recommended):
https://medium.com/the-capital/the-myth-of-millionaires-and-bitcoin-3870f1fc79bf

Henry Ford was a visionary in more ways than just car production (recommended):
https://cryptocoin.news/cryptocurrency/henry-ford-predicted-bitcoin-almost-100-years-ago-33231/

Music and blockchain -natural friends:
https://cointelegraph.com/news/blockchain-to-disrupt-music-industry-and-make-it-change-tune

A deep dive into crypto exchange metrics (recommended):
https://blog.bitmex.com/may-2020-report-into-cryptocurrency-exchanges-from-cryptocompare/

EOS making some progress in terms of blockchain gaming:
https://www.dfuse.io/en/blog/gaming-on-blockchain-platform-overview-eosio

The FED has really set the market on fire - this will not end well (may be gated):
https://www.ft.com/content/52a46bcf-f238-43cd-82dd-c48c3c1883e3

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# Podcasts

Exploring the offshore dollar behemoth (highly recommended):

https://open.spotify.com/episode/6BqMgLfk4puE8Sf92D6RMC

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Holding BTC re-awakens our sense of individual sovereignty (highly recommended):

https://open.spotify.com/episode/24uyR22Hzjv2xkovIE3nzw

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Tech titans aren't planning on quietly fading away - lots to learn here re Facebook, Google, Amazon:

https://open.spotify.com/episode/11W6qlcPhAK3m0fIRDM4sZ?si=-mTpuiP3RA-vTbYdH7KIZw

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# YouTube

BTC mining centralization is still an issue (highly recommended):

https://youtu.be/qctnB6DHMLA

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Onwards and upwards for BTC:

https://youtu.be/YdfH3F4ZDhc

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Making the case for BTC buyers at much higher prices:

https://youtu.be/ENGAGSfRzcE

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Bullish scenarios for Bitcoin by Alessio Rastani:

https://youtu.be/W3G5VhPQKF8

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Andreas Antonopoulos on inflation and BTC (recommended):

https://youtu.be/oLaLSCGuwL0

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# Infographics

If only there were a trend...:

https://twitter.com/ssaurel/status/1269605968679182337/photo/1

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Good advice all around:

https://twitter.com/BKFUniversity/status/1226202337888235521/photo/1

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# Website / Utility

Excellent crypto research library:

https://blog.bitmex.com/research/

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Well, that was yet another fascinating week in crypto! Time-consuming - sure. Challenging - no doubt. Worth the time? - Absolutely! As always, looking forward to your comments and suggestions.

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**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.*

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Also published on TIMM.


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