The Sunday Crypto Recap - Down the Rabbit Hole 85
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.
# 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.
Bitcoin is here to stay (recommended):
Interesting times we live in:
BTC demonstrating resilience (recommended):
BTC's balancing act:
This is fine (not):
Monies destroyed by lack of hardness/difficulty to produce:
Time to drop the tax charade?:
Good stock picks - bro:
'Bitcoin is less defended by an intolerant minority than it defends against an intolerant minority'. (highly recommended):
Are millionaires coming to the rescue? Probably not (highly recommended):
Henry Ford was a visionary in more ways than just car production (recommended):
Music and blockchain -natural friends:
A deep dive into crypto exchange metrics (recommended):
EOS making some progress in terms of blockchain gaming:
The FED has really set the market on fire - this will not end well (may be gated):
Exploring the offshore dollar behemoth (highly recommended):
Holding BTC re-awakens our sense of individual sovereignty (highly recommended):
Tech titans aren't planning on quietly fading away - lots to learn here re Facebook, Google, Amazon:
BTC mining centralization is still an issue (highly recommended):
Onwards and upwards for BTC:
Making the case for BTC buyers at much higher prices:
Bullish scenarios for Bitcoin by Alessio Rastani:
Andreas Antonopoulos on inflation and BTC (recommended):
If only there were a trend...:
Good advice all around:
# Website / Utility
Excellent crypto research library:
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.
**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.