A slightly less crazy week in Bitcoin this week, but there’s still plenty of news out there. We cover the price, the incredible mining hashrate surge, new estimates on the lightning numbers. For the news items I pass on some insights about CME volumes, tether updates onto ethereum, and the dollar.
This week we go on a trip through the fundamentals in Bitcoin and hit news items along the way. Specific news items I discuss are Tuur Demeester’s new Adamant Capital piece called A Note on the Bitcoin Rally, the block reward as a disruptive subsidy to hash rate, an analysis that shows 51% of dapp Daily Active Users are bots, and stablecoins and Facebook Globalcoin.
In this Friday Fundamentals episode, we hit some conflicting metrics from around the space, including technical divergence, stubborn sentiment, slow mining reaction, and lightning dynamics. For news we hit Representative Sherman’s stupid crypto bill, the Binance hack and a Tether update.
This is a Friday Fundamentals episode where I go over the Bitcoin price, market sentiment, mining, and news that affect the fundamentals. Tether is grabbing headlines right now, but there’s a split growing among Bitcoin supporters. The old-timers seen to support Tether and Bitfinex, while others are overly harsh. I breakdown that dynamic and explain that Tether is the front line in the currency war.
On our Friday Fundamentals episodes we discuss price, sentiment of the market, mining, lightning and development. This episode we also discuss the big Bitcoin news of the day with the Tether and Bitfinex situation.
In this Friday Fundamentals episode I discuss Frances Coppola’s ignorance and dive into Lightning growth and how to think about it. Next, I hit on how China’s involvement in Venezuela is an example of US dominance waning similar to Russia’s beating the US in Syria. After that I share some thoughts about the Bitcoin Lawyer Marco Santori’s dissection of the SEC letter on Ethereum. I end with commentary about the What Bitcoin Did controversy.