@cryptocracy
@cryptocracy
How Much BCH I Earned on Read/Noise.Cash in June 2022 This cryptosocial update comes as just the right time as Scott Cunningham and I recently discussed how cryptosocial earnings are correlated with the market cycle on **The MTC Show** with my friend Ryan Gerardi. The YouTube video is below. https://youtu.be/a_eZCSyPIzU https://youtu.be/a_eZCSyPIzU A couple of hours after livestreaming Ryan’s show, Scott interviewed me for his show **Crypto & Things**. That was not…
@cryptocracy
June 2022: Bitcoin's Worst Month Ever In June, bitcoin had its **worst month ever**. Here are **five reasons why**. Some experts are saying the crypto winter will **get worse**. Is bitcoin a hedge against or the **cause of inflation**? Deutsche Bank analyst says it will recover to **$28,000 by December**. *One thing we can be sure of, bitcoin will go up or down. Whichever way it goes first, it will move in the opposite direction later. It could be at $28,000 by December, or…
@cryptocracy
Cryptocurrencies and Fungibility There seems to be some confusion in certain circles about the meaning of *fungibility* with regard to blockchain technology. I will try to clear that up. Fungibility does not mean that one can exchange a crypto unit from one blockchain with another. One bitcoin does not equal one litecoin. That doesn’t mean that one can’t be traded for another, but the trade is simply that—a trade. Blockchain technology is a wonderful thing, but it has its…
@cryptocracy
Will BTC or ETH Recover From Crypto Winter First? Will bitcoin or ether **recover first**? *I have to wonder if it matters. Of the 20,000 cryptocurrencies riding the tidal wave, bitcoin and ether have the best chances at surviving. Historically, bitcoin has been the leader coming out of bear markets. If Ethereum’s Merge goes well, it could be different this time. We’re diving deep; make sure there’s oxygen in your tank.*…
@cryptocracy
Bitcoin's Head Fake and Lady Gaga's NFT Bitcoin jumped to $21.8K, but **was it a fakeout**? Analyst says chart **confirms bitcoin’s bottom**. On the other hand, **derivatives data disagrees**. Is earning a **passive income with bitcoin** dying? *I wouldn’t expect this to be the bottom, and I don’t need a chart to tell me that. On the other hand, I don’t need a chart to tell me bitcoin will rise again.*…
@cryptocracy
Web3 Chronicles: NFT Vs. The Metaverse Happy Saturday! I’d like to invite you to join me next Wednesday, July 13, as I discuss **Web3 monetization and content ownership** with Adam Waring of **gFam.live**. Adam and I will have a conversation about web monetization protocols and then we’ll have a panel discussion with host Ryan Gerardi. It’s totally free to join and listen. ****Learn more right here******.**…
@cryptocracy
Bitcoin, Black Swans, and Goth Girlfriends Bitcoin sees **best weekly gains** in three months, but is its fundamental value **in line with market price**? The amount of bitcoin held on exchanges **continues to decline**. Billy Bambrough says bitcoin is poised for a ‘**black swan shock**’. Check out this history of **bitcoin crashes and bear markets**. *Some people might say bear markets No. 4 and 5 are a part of the same bear market. Everyone is going to have to decide for…
@cryptocracy
A Stroll Through the Web3 Content Economy Book Review: Unapologetic Freedom **Unapologetic Freedom** had received 50 Amazon reviews by the time I wrote mine, a result of very good marketing. Below is a modified version of my review. https://www.amazon.com/Unapologetic-Freedom-Censorship-Sovereignty-Reclaims/dp/B09WXG2V24/ This book has its strong points: It's easy to read. It simplifies the concepts for people new to bitcoin. It's well-designed, well-written, and attractive…
@cryptocracy
Will Miners Drag BTC Down to $13k? Bitcoin production cost has **dropped to $13,000**. Meanwhile, mining rig prices have hit **2-year lows**, and Barron’s says **that could lead** to BTC price falling to $13K. https://www.coindesk.com/business/2022/07/14/bitcoin-production-cost-has-dropped-to-about-13k-jpmorgan-says/ https://www.coindesk.com/business/2022/07/14/bitcoin-mining-rig-prices-slump-to-near-2-year-lows-amid-celsius-bankruptcy/…
@cryptocracy
Bitcoin's 'Extreme Fear' Run + Ethereum's Merge Bitcoin has entered the **longest “extreme fear” period** in its history. Blockchain CEO says bitcoin mining will **continue to flourish** in the U.S. **Limiting crypto mining** helped the Texas power grid. https://cointelegraph.com/news/bitcoin-is-now-in-its-longest-ever-extreme-fear-period https://finance.yahoo.com/video/bitcoin-mining-going-continue-flourish-161455335.html…
@cryptocracy
Is Coinbase Going Insolvent? The saga of **bitcoin, gold, and the euro**. How to **track a bitcoin whale**. *I know: Grab your harpoon, change your name to Ahab, and call him “Moby Dick.”* https://www.coindesk.com/business/2022/07/17/bitcoins-up-golds-down-the-euro-is-dragging-and-its-all-inexorably-tied/ https://cointelegraph.com/news/what-is-bitcoin-whale-watching-and-how-to-track-bitcoin-whales **Rumors of Coinbase insolvency** are growing. *It was bound to happen.…
@cryptocracy
Crypto Back Over $1 Trillion Market Cap If you’d like to see payouts like the one below on Hive, join me tomorrow at 12 noon CDT for a microclass on **Clubhouse**. I’ll be giving an introduction to **Hive.blog** and why I think it should be on your regular posting schedule. https://www.clubhouse.com/ https://hive.blog/ **How to join:** Download Clubhouse. Follow Ryan Gerardi. Click on his profile and look for a room titled “Free Microclass” related to cryptosocial media.…
@cryptocracy
Join the Free Microclass - Introduction to Hive.blog For about three months now, I’ve been working with Ryan Gerardi at Autoconversion on a new initiative called Blockchain Crypto Pros. This is a unique opportunity for people from all walks of life to gather and learn about cryptocurrencies and how they are transforming our society. Specifically, internet culture. https://autoconversion.net/ https://autoconversion.net/blog/acwebinars/blockchain-crypto-pros/ As a part of that…
@cryptocracy
These 7 Crypto Red Flags Are Really Red Herrings Tesla sold **75 percent of its bitcoin** holdings. CEO Elon Musk says the company may **buy more bitcoin** in the future. *Musk said his company is shoring up cash, which is typical for large companies in an economic downturn.* https://www.cnn.com/2022/07/21/investing/tesla-bitcoin-dogecoin-elon-musk/index.html https://fortune.com/2022/07/21/elon-musk-tesla-bitcoin-sale-loss-impairment-dogecoin-q2-earnings/ A former U.S.…
@cryptocracy
BTC Mining Difficulty Drops to 5% Bitcoin mining difficulty **drops to 5 percent**, but has the **bitcoin mining winter** arrived? China’s financial crisis and the strengthening U.S. dollar could have stark **implications for bitcoin**. https://www.coindesk.com/tech/2022/07/22/bitcoin-mining-difficulty-sees-largest-drop-since-july-2021-as-miners-feel-the-texas-heat/ https://www.bloomberg.com/news/videos/2022-07-21/bitcoin-mining-winter-is-here-video…
@cryptocracy
The Merge: Is Ethereum Destined To Be a Security? Researchers say The Merge is Ethereum’s chance to **flip bitcoin**, but will it then be **classified as a security**? Will Ethereum **be deflationary** when The Merge is complete? Is Ethereum a better **long-term buy** than bitcoin? Is the crypto market now poised for an **$8.9 trillion earthquake**? *Questions that crypto pontificators are asking leading up to The Merge.*…
@cryptocracy
Facebook Restricted Me and Now I'm More Sold on Web3 Than Ever Since the day I entered the crypto space in 2018, I’ve heard the warnings about the threats that Web2 platforms like Facebook and Twitter pose to personal security and content freedom. I’ve witnessed vicariously through the headlines the devastation that such events as Cambridge Analytica can have on people’s lives. And I saw how Twitter canceled a sitting president simply for exercising his First Amendment right…
@cryptocracy
The Fed Funds Rate Hike and Solana's CryptoPanties Bitcoin sees **biggest single-day gain** in six weeks. But could that be a **fakeout**? https://www.coindesk.com/markets/2022/07/28/bitcoin-awaits-us-gdp-after-biggest-single-day-gain-in-6-weeks/ https://cointelegraph.com/news/3-bitcoin-trading-behaviors-hint-that-btc-s-rebound-to-24k-is-a-fakeout Ethereum is the **most-trending cryptocurrency**. *The Merge has everyone talking, and anticipating.* The blockchain only has…
@cryptocracy
BTC Doesn't Care About Some Recession (And Neither Should You) Let me remind you of this: If you’re reading this newsletter anywhere other than Substack, you could miss some issues. The reason is because centralized social media platforms (and practically all of them are centralized to some degree) could **restrict my content** at any time, or ban me, just because they don’t like something I say. For that reason, **I encourage you to** ****subscribe at Substack**** **to…