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The Sunday Crypto Recap - Down the Rabbit Hole 97

cryptosdecryptedPosted for Everyone to comment on, 4 years ago3 min read


https://unsplash.com/photos/OobxlWxuLaA

Don't let choppy price action or even steep retraces mislead you - Bitcoin looks great from a whole host of angles from all time highs in hash power to ever-broader market penetration. Clearly, further downside could be on the cards as the stock market continues to exert influence on crypto price movement. However, it's worth remembering that Bitcoin will remain highly correlated to US stock action until it doesn't....

DeFi continues its obsession with food monikers: Kimchi, Sake et al - lots of scams amongst the more legitimate endeavours. Sushi being a prime example of the chaotic state of much of the current DeFi space. Even Binance has entered the fray...Ethereum's insane fees have obviously both curtailed broader use of DeFi and left the door open for other chains to catch up.

As to the wider crypto landscape - as ever there's far too much going on to catch it all but what follows is at least a sample.


Picks of the Week

This article outlining Bitcoin's immense potential value. Also this podcast rendering of the same material. While you are at it -don't miss this discussion of fiat, slavery, and Bitcoin.


Twitter

Now, that's a quality Bitcoin meme:
https://twitter.com/BitcoinMemeHub/status/1300711859906019330

Bitcoin for kids - a resource thread (highly recommended):
https://twitter.com/anilsaidso/status/1283786805460914178

XPub - bringing more privacy to Bitcoin - a thread (recommended):
https://twitter.com/dannydiekroeger/status/1300154226123984896

Collected recent reports on Bitcoin (highly recommended):
https://twitter.com/100trillionUSD/status/1300367955486797825

Eth pulling in serious fees these days (double-edged sword of course):
https://twitter.com/fintechfrank/status/1301080905260445696

Sushi- the saga continues - a thread (recommended):
https://twitter.com/NomiChef/status/1304442521137811457

YFI - an explanatory thread (recommended):
https://twitter.com/AlexSaundersAU/status/1300376218475220994

A Vampire Attack? Yep, that's a thing (recommended);
https://twitter.com/martinkrung/status/1298363320270032897?s=20

If you going to delve into DeFi - Andre Cronje is a must follow:
https://twitter.com/AndreCronjeTech/status/1305023112275259392

Is Apple throttling crypto-innovation?:
https://twitter.com/brian_armstrong/status/1304490135610748928

Currency wars have gone digital:
https://twitter.com/avichal/status/1304490417614778370


Articles

The case for a 500k Bitcoin (highly recommended):
https://winklevosscapital.com/the-case-for-500k-bitcoin/

On mem pools an what can be divined from them (recommended):
https://blog.knoxcustody.com/bitcoins-town-square/

On Bitcoin's monetary attributes:
https://medium.com/in-bitcoin-we-trust/the-secret-of-bitcoin-future-dominance-lies-not-in-its-technology-but-in-its-monetary-attributes-ac2b771bbc48

Staying in the DeFi game:
https://cointelegraph.com/news/how-can-defi-projects-avoid-getting-cloned-and-dying

The trillion dollar case for Ethereum:
https://bankless.substack.com/p/the-trillion-dollar-case-for-eth-eb6

dep dive into Ultra - an EOS based gaming platform:
https://medium.com/@ultrafan84/ultra-one-stop-shop-f26e389c45e2


Podcasts

Why Bitcoin is heading towards 500k (highly recommended even if you don't quite buy the price projection):

https://open.spotify.com/episode/6qf5UdghewFhyDVJWRVDtB?si=tH_M6w6sTq2L-MMHYjnMpw


On fiat, slavery and Bitcoin (highly recommended):

https://open.spotify.com/episode/19tCawUtbOq9jco5wnKnz7


YouTube

Onwards and upwards for BTC (recommended):


Ethereum 2.0- what to expect?:


Dan Larimer on EOS:


Making the case for DeFi:


A quality overview of Synthetix:


Infographics

There's a trend:

https://twitter.com/ChartsBtc/status/1300490373756669955/photo/1


Where are you?:

https://twitter.com/parman_the/status/1292844810852642819/photo/1


Website / Utility

If tracking EOS DeFi is your thing:

http://www.eospayout.com/defi/


Wild weeks behind us - tsunamis ahead - strap in folks. 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.

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