Bitcoin remains poised to breakout - though a sharp retracement along the way remains a firm possibility. Ethereum however, seems on its way to higher highs having blown past $400. This despite the network being crippled by very high fees. The knock-on effect is the dapps running on Ethereum are becoming prohibitively expensive to use. ChainLink continues to forge new highs with a slew of other cryptos also posting solid gains.
A week of wild rides for those playing in the DeFi space. Yams were a thing for a whole day until a series of protocol bugs derailed the whole project. Then Curve apparently launched before its developers intended it to - enabling a very shady premine. There are redflags all over this space…
Picks of the Week
This thread highlighting some of the best Bitcoin articles. Also this thread on the all too familiar and costly journey many Bitcoiner’s take… This report delving into the Bitcoin’s place in the market. Finally, this visual explanation of yield farming.
An excellent compilation of essential Bitcoin articles (highly recommended):
https://twitter.com/anilsaidso/status/1290768068373696512
- anilsaidso
One Bitcoiner’s journey - it might save you a lot of money (highly recommended):
https://twitter.com/potapac1/status/1292796404621090816
- potapac1
Another key aspect of Bitcoin’s appeal - portability:
https://twitter.com/matt_odell/status/1292078833361915907
- matt_odell
Debunking Eth’s supply issue problem (highly recommended);
https://twitter.com/aantonop/status/1292877311570857990
- aantonop
Current FED monetary policy continues the failures of the past (recommended):
https://twitter.com/JeffBooth/status/1292143427480518656
- JeffBooth
The art of contrary thinking:
https://twitter.com/jsmian/status/1292413589882646528
- jsmian
On Defi in China:
https://twitter.com/celiawan2/status/1291795359958806530
- celiawan2
Articles
A deep dive in Bitcoin’s value proposition by Adamant Research - email required (highly recommended):
https://docsend.com/view/ijd8qrs
Hodlers matter and here’s why:
https://www.danheld.com/blog/2019/1/6/hodlers-are-the-revolutionaries
7 flaws of the legacy monetary system:
https://medium.com/@ssaurel/the-seven-deadly-sins-of-the-current-monetary-and-financial-system-that-will-cause-its-collapse-41e4361679fb
New Bitcoiners are on the way:
https://hackernoon.com/here-comes-a-new-wave-of-mainstream-bitcoin-adopters-ot4j3y9o
Why a 51% attack on the BTC network isn’t as attractive as it may seem:
https://cointelegraph.com/news/why-chinese-miners-wont-stage-a-51-attack-on-bitcoin
A DeFi legend considers moving on:
https://decrypt.co/37995/exclusive-yfi-andre-cronje-broke-quitting-defi
A tale of a rotten YAM (recommended):
https://www.coindesk.com/yams-market-cap-falls-from-60m-to-zero-in-35-minutes
Beware DeFi rollouts (recommended):
https://twitter.com/lawmaster/status/1294120639792652288
- lawmaster
Podcasts
Pomp talks Bitcoin and beyond (recommended)
https://open.spotify.com/episode/62ZfzaizWlXtYQPC11XfQm
How Bitcoin fixes banking (recommended):
https://open.spotify.com/episode/6wdI6e5eokR1ipid9aDQGj?si=w3-97wunTtW62tQQ8q4DVw
YouTube
Always lighthearted but nonetheless informative perspectives on Bitcoin:
Ethereum basics by some-one who wrote a book on it (highly recommended):
Another wide-ranging cryptosphere discussion from Colin:
What is yield farming - a clear explanation (highly recommended):
Data analytics explained:
Infographics
ChainLink has some competition:
twitter.com/CapitalistDog1/status/1291937366983225351/photo/1
DeFi ecosystem continues to expand:
https://twitter.com/Block_Ark/status/1291707457635377152/photo/1
- Block_Ark
Is this you? If you are an investor - it matters:
https://twitter.com/EsotericExposal/status/1292373813980622848/photo/1
- EsotericExposal
Website / Utility
If you’ve got a lot of Bitcoin questions - this website has a lot of answers:
https://bitcoin.stackexchange.com/questions?tab=Votes
Another fascinating week in crypto. It’s only getting started. As always, looking forward 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.