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Sankalp's Blockchain Express - A Lighter Take (Mar 7th, 2019)

Sankalp's Blockchain Express Weekly
Sankalp's Blockchain Express - A Lighter Take (Mar 7th, 2019)
By Sankalp Shangari • Issue #25 • View online, “Bitcoin Never meme”, Wyoming passes 3 crypto bills, Binance launches DEX, University of Michigan investing in crypto, Thailand approves smart securities, Delete Coinbase Movement, Pantera has raised $125M fund, Samsung Galaxy S10 includes private key storage, BlockFi interest account

Su Zhu
Theres an estimated $2B in cash sitting at crypto funds/holdcos. Theres another $2B+ sitting in stablecoins, and another $2B sitting at exchanges/silvergate/signature.

This is $6B fiat already onboarded to crypto to buy your bags. Imagine thinking we need new money to hit $10k.
For the last few months, I’ve been trying to simplify crypto markets exuberance and simplify price movement. I am not expert and have had my share of “Wrongs” in 2018 but 2019 has been different. I’ve been mostly right with this new found wisdom, and new thinking. All this crypto could go back to dumps but nevertheless I thought I will share my random brainwashed thoughts….From a complex jargon of fancy technicalities, Ive decided to keep my thoughts, life and this newsletter simple.
Like Blaise Pascal said, “All of humanity’s problems stem from man’s inability to sit quietly in a room alone.” So here we go
BTC - Cautiously bullish
  • Still a store of value (SoV) phenomenon and best consensus algorithm out there. While lightening is trying to be the the Maker DAO of Ethereum, it will take a while and until you see mass adoption, skeptic. At least up until December 2020, we may (or may not) see some real traction. Who so ever wanted to hold for SoV, already has.
  • Institutions have started to come in now (at last) and they don’t buy petty change. Even our old Jack@twitter is (supposedly) buying 10K worth of BTC every week. I doubt but then it’s the psychology stupid
  • BTC is halving next year and we will start seeing effects by October this year to see a mega rally back to 15/20K next year. In fact there are options trading at 50K strike for June 2020.
Altcoins - Ones I like and I am bullish for in 2019
  • BNB - I recently started using Binance and was blown away by ease of use and comfort. The DEX, Binance Chain, multiple well executed business plans, transparency and the fact that its a money printing machine, makes it all positive for the coin
  • Ether - Dapps are gaining massive traction and solidity is still the preferred language by most Engineers out there, constantinople worked in the end and increases mining difficulty making it Ether net positive. ICOs have largely sold what they wanted to into USD or BTC.
  • MKR DAO - Short term bullish, but others are catching fast. Keep an eye on other protocols build on Ether like Compound, Settle, Dharma etc. At this rate now, I would half my positions though.
Now the more fun part in this displaced market……
Onwards & Upwards.....
Bitcoin Bolt
Tech billionaire Jack Dorsey just bought $10000 worth of Bitcoin – Decrypt Media #bitcoin
All the DEX rage out there - still not easy to shuffle between wallets and exchanges and DAIs and various platforms, but catching up, getting there - onwards & upwards. 👇
@cz_binance @Binance_DEX I asked my mom to try out this Dex, she spent 40 mins trying to figure it out how this works, needless to say, she left more stressed than ever hahah 🤣
nic carter
me contemplating whether or not to lend my bitcoin and collect a yield or just sit on them for all eternity
Bitcoin Never Meme catches fire…….🔥🔥👇
Neeraj K. Agrawal
I was fired for doing bad tweets

No one can fire bitcoin 🔥🔥🔥
Jason Choi
I was replaced by my ex

Bitcoin can never be replaced 🔥🔥🔥😭🔥
Gone with the wind… fly away… backlash, delete Coinbase movement, and withdrawn…..are we all happy now?
Francis Pouliot 🐂₿
Coinbase acquired Neutrino, built for governments to track/deanonimize bitcoiners. Founded by 2 co-founders (CTOs)+ former COO of Hacking Team, a pro-government mercenary hacker firm that gave Saudis tools/consulting to track/eliminate dissidents 🕳️🏃RUN!
Find someone who looks at you the way @APompliano looks at tokenizing the world.
When you buy the bitcoin break out and it immediately dumps afterwards
Dan Hedl
If you say DeFi a dozen times while looking into a mirror, Vitalik appears
This is serious guys……only government is allowed to do such things like stealing money…..and now crypto?
Crypto Sara
OMG someone stole a Bitcoin ATM and tried to get the coins out!! 😂😂
Mr.Indian hardick
$xrp is so centralised that decentralisation died years before it was released

Dan Hedl
If you say DeFi a dozen times while looking into a mirror, Vitalik appears
Chamath at his best… always….Angry Young Man of Bollywood….aka Amitabh Bachchan…….
Social Capital CEO Chamath Palihapitiya — Recode Decode podcast interview with Kara Swisher and Teddy Schleifer - Recode
Crypto Authority🎙️⚡
There have been some truly fantastic crypto-podcasts in the past 10 days:

• @WhatBitcoinDid - The Mt Gox series

• @APompliano - Episode w/ @cz_binance

• @StephanLivera - Features from @jack + @starkness + @aantonop

Recommend you give them all a listen!
Blockchain Investments, Interesting Projects👇
Excited to be joined by @paradigm ,@PanteraCapital, @multicoincap, @coventurevc, Dragonfly (@alpackaP ) and others in a client-only financing to drive the evolution of the digital asset markets towards price transparency and better execution!
Video we liked.....Currency of Trust
The Currency Of Trust (Rachel Botsman, author 'Who Can You Trust?') | DLD 19
The Currency Of Trust (Rachel Botsman, author 'Who Can You Trust?') | DLD 19
On a serious crypto Thoughts....
Complete DopeFi…..
Anthony Sassano
@DharmaProtocol It would be #dopefi if I could press a button and automatically open a CDP, draw DAI, lend some on Compound & Dharma, provide liquidity on Uniswap and then set up a recurring donation on Gitcoin grants.

Oh and also monitor/interact with all of this through a mobile wallet app.
This is one step forward in the DeFi business. Connecting various protocols. Bullish for Maker DAO IMO.
Spencer Noon
Pretty cool to see $DAI on @DharmaProtocol. We're building an open financial system brick by brick.
Great thread below on how lending your bitcoins creates rehypothetication and is as good as banks stealing your money…..OBIWAN…..
1/Earning interest on your Bitcoin sounds like a great win. You HODL, put your bitcoin to work, earn some extra cash. But wait! @TheRealBlockFi crypto interest account rehypothecates your bitcoin. From their terms of service:
The rising twitter cryptopians.....remember it’s just a list (sighs....)
The rising twitter cryptopians.....remember it’s just a list (sighs....)
Nath’s long reads are always amazing….my favorite to be honest….
Nathaniel Whittemore
Long Reads Sunday #35.

This was a *classic* crypto week, with everything from deplatforming to analysis of a potential exit scam to a major protocol ragequit. Oh, and don’t forget the memes.

Getchya espressos & yer eggos, it’s Long Reads time!
Meaningful life thoughts..what matters in the end....
Rukmini Kumar
When I was a teenager, I asked my mother: ‘How do you know when a person is right for you?’ Her answer stays with me till today: ‘You know a person is right for you when they bring you closer to yourself. If they take you away from who you are, they aren’t.’
Did you enjoy this issue?
Sankalp Shangari

Based in Singapore, Sankalp is involved in most aspects of Blockchain - as an entrepreneur, consultant, investor in several AI & Tech related ventures. You can reach out on twitter /linkedin/ medium @sankalpshangari

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