In this episode I discuss recent price movements and how they corresponded to the tense Iranian over the last week. I look into recent developments of State-sponsored stablecoins and detail the Baidu beta launch. Then I dive into the drama behind Nakamoto,com. Altcoiners using the term "pro-bitcoin" in a desperate attempt to extent their ponzi schemes. Lastly, I quickly talk about the halvening not being priced in.
Links: https://bitcoinandmarkets.com/e196
Baidu network https://xchain.baidu.com/
New York Ledger https://decrypt.co/16155/new-yorks-lawmakers-are-pushing-for-its-own-cryptocurrency
Nakamoto,com is a propaganda site https://twitter.com/Karalhoin/status/1213515397477150721
Veblen good https://en.wikipedia.org/wiki/Veblen_good
Efficient Market Hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis
99% of altcoin volume is fake https://medium.com/swlh/how-to-better-estimate-bitcoins-true-trading-volume-by-fiat-currencies-and-against-altcoins-41623ddc9827