Not sure if it's my sixth sense or my newly gained 420 IQ prediction powers from watching about 100 episodes of JoJo's Bizzare Adventure in the past 2 weeks, but I managed to hedge my position pretty nicely in the recent Bitcoin dip.
It was a hunch that came from seeing Bakkt, Bakkt, and Bakkt outside of crypto Steem over the past week. I had guessed then that the market would've already priced-in the hype on Bitcoin and it was about to fall soon after Bakkt Bakkt'd up. It could even be people cashing out for emergency Lambos and mansions.. or a million other reasons, but whatever.
Base image source: Pexels
Anyway, forget about all the nonsense I just said above lol. Sorry for the clickbait. I actually just wanted to share this news:-
Ohad Asor from IDNI's Tau-Chain & Agoras just recently published a new blogpost on "Consensus and Options" around the same day when Bakkt opened its doors. Have a read, particularly on the explanation of "risk free interest without inflation" using the Black-Scholes model.
And there's a fresh github commit on Tau Alpha today! Currently, there are 4 developers working on the meat of the project, so hopefully we're getting closer to a product that we can all use to begin discovering its potential. It has been a long wait.
Obviously, this news isn't the cause of the bloodbath, if it can even be considered one in the first place. But I still think that crypto in general is really just waiting for a technology like Tau for its next breakthrough. *crypto zombie mode*
Website: http://idni.org
Github repository: https://github.com/IDNI
My introduction post on it: https://steemit.com/blockchain/@kevinwong/what-is-tauchain-and-why-it-could-be-one-of-the-greatest-inventions-of-all-time-part-1
Disclaimer: Not to be taken as financial advice.
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