China is All-in on Perpetual Motion Machines – E190

In this episode I go over the bitcoin price movements over the last week and hit on the big news items of the week. The first news item is the China’s complete U-turn into blockchain. The reason for this 180 is obvious if you have been paying attention. Of course, nothing will come of these “blockchain projects”, because of reason I detail in the episode.

Next I discuss the doxxing of customers by Bitmex, Coinbase’s unscheduled downtime and the wide fluctuation caused in the market.

Lastly, I discuss why we are seeing a pull back in the bitcoin mining hash rate.

Links

China blockchain from the Independent

China from Decrypt

Bitmex blog

Bitmex drama on AMBCrypto

Coinbase and Deribit

Bitcoin difficulty estimate site