Long Reads Sunday #55. The Donald Debrief. Let’s be real, no matter what else happened, this will forever be the week that Trump tweeted about Bitcoin. How’d we get here, and what does it mean? Strap in friends, it’s long reads time!
3/ The week started with a bang, as 18,000 Deutsche Bank bankers showed up on Monday to discover they didn’t have jobs. Some pondered what it said about the state of the global banking system, but most grabbed on to a very specific picture. https://twitter.com/MartyBent/status/1148244749452623872
9/ Seriously, as soon as Bitcoin began picking up, people started asking this question. I just don’t see it happening - not enough profit yet in BTC; average buyer more sophisticated, and bear market advocates told the BTC story https://twitter.com/woonomic/status/1149050679094206465
19/ In ANY OTHER WEEK basically since 2010, Powell’s statements would have been *THE* big story, endlessly repeated and analyzed. But, in true Trumpian fashion, DJT stormed in will the most aggressive “Hold my beer” in Bitcoin’s History. (CryptoScamHub Image)
30/ @TwoBitIdiot and @jillruthcarlson hung out with @TheStalwart and discussed, among other things, just how different Bitcoin and Libra are, with Jill arguing that BTC has more in common with gold. @pierre_rochard did a great summary with clips https://twitter.com/pierre_rochard/status/1150193562732118020
31/ I also agree with the implication of @jeffreyatucker’s tweet, which is that - ready or not, the world is coming to Bitcoin/crypto. Either we can let someone else shape the narrative, or we tell the story, loudly and direct to everyone who will listen https://twitter.com/jeffreyatucker/status/1149637885198397441
37/ Anyway, it’s my strong guess that we’ll be discussing and dissecting this one for, well, ever. So let’s take a few more tweets to check out some of the other great content I haven’t mentioned yet.
45/ Is the term “Decentralization” causing more harm than good? This conversation, in the context of a recent move by 0x protocol to thwart a bug, turned into a pretty expansive exploration of just that. https://twitter.com/nlw/status/1150056611194560512
48/ Given how much oxygen Libra, Powell and Trump sucked out of the room, my feeds were a little Ethereum light, but I still noticed this interesting thread from @MuteDialog about the platform’s ascent as a global platform for all digital assets https://twitter.com/MuteDialog/status/1149047398532075526
51/ Phew, alright, there we have it. This week was one for the record books - I’m glad you could hang out and join for this ride. As always, let me know what you liked and what I missed. You can sign up to get LRS via email at https://www.getrevue.co/profile/nlw