This week in Bitcoin was dominated by the price and the budding of a culture war. People bring their own bias to Bitcoin, there’s no dominant bitcoin culture. You see what you want to see. This week we also saw a new All Time High is hashrate and difficulty in Bitcoin. Lastly, I discuss the Lightning Network Plateau.
We’re back with another Friday Fundamentals. Stats of note this week are the number of shorts falling off a cliff, the difficulty not budging dispite almost 2x in price movement in 2 months, CME volume is surging again, and mempool being elevated. Our one news item in this episode is the Microsoft Decentralized Identity System called ION. I speak about it for a few minutes as a layer 2 for Bitcoin.
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.
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This is a regular Friday Fundamentals episode. News items are centered around the shaky Chinese situation. We may not be able to rely on any significant growth from China to save the global economy.
A Friday fundamentals episode full of metrics, insights, news and opinion about Bitcoin. We look at the fake volume reports from Bitwise and the new site OpenMarketCap that takes the reports findings into account.
This is a Friday Fundamentals episode, so we take a look at a lot of metrics from around the space and simple technical analysis. After that we discuss fake volume and overweight altcoins. Finally, we talk about Lightning Loop.
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.