@cryptocracy
@cryptocracy
Cryptosocial Report, August 2022 It’s time for another cryptosocial earnings report. No fluff. Let’s begin. Bastyon Bastyon, ever faithfully the bastion, has me coming in this month with an humble chip on my shoulder. The token one earns on the platform is **PKOIN**, which is valued at just over 72 cents. That should give some encouragement as 100 PKOIN tokens will yield a $72 crop. Unfortunately, I don’t own that field. https://coinmarketcap.com/currencies/pocketnet/…
@cryptocracy
$200M in Slumbering BTC Rises to New Life $200 million in bitcoin that hadn’t moved in years **finally does a jig**. Independent researcher says bitcoin price will collapse after Ethereum’s Merge because it will be “**regulated away**.” *There is absolutely no way to regulate Bitcoin. It’s not a company. It’s not a person. It’s a protocol. Regulating Bitcoin would be like regulating hopscotch.* More than half of bitcoin trading activity is likely **fake or non-economic**,…
@cryptocracy
Bitcoin Summer: Why So Cruel? **To my U.S. friends, Happy Labor Day! Now let’s begin …** How repurposing bitcoin mining heat can solve the **global energy crisis** **(AWESOME CHARTS)**. Can your government **track bitcoin**? Does it matter when the summer’s been **this cruel**? *Bitcoin may have had a cruel summer, but it is resilient enough to pick up again.* https://cointelegraph.com/news/repurposing-bitcoin-mining-heat-can-solve-global-energy-crisis-arcane…
@cryptocracy
Listen to the Defluenced Podcast Live *A couple of weeks ago, a reader of my book* ***Cryptosocial: How Cryptocurrencies Are Changing Social Media*** *contacted me and invited me to join him as cohost on a new podcast he was starting. Needless to say, I was flabbergasted and gobsmacked. But* ***Uncle Bonehead*** *and I had a couple of meetings to discuss it and decided to move forward. If I had chosen not to join him, I’m confident he would have moved forward without me.…
@cryptocracy
Will the U.S. Ban Bitcoin Mining? President Joe Biden’s executive order on crypto regulation has the Office of Science and Technology (OST) saying **bitcoin mining should be banned**. Securities and Exchange Commission (SEC) Chair Gary Gensler says Commodity Futures Trading Commission (CFTC) should be the **regulator for bitcoin**. *We’ve had clear signals before from Gensler that he believes bitcoin is a commodity. Ultimately, I think the CFTC will be the bitcoin regulator,…
@cryptocracy
CBDC: Banks Will Fight Like Hell Bitcoin made its **biggest leap in six months**. Could it have **hit bottom**? Meanwhile, **open interest on crypto exchanges** is growing. https://www.coindesk.com/markets/2022/09/09/bitcoin-tops-20k-as-inflation-expectations-slide-hopes-for-2023-rate-cut-persist/ https://cointelegraph.com/news/3-bitcoin-price-metrics-suggest-today-s-10-pump-marked-the-final-cycle-bottom…
@cryptocracy
Bitcoin & Wall Street Don't Need Each Other Announcement: The first episode of the Defluenced podcast will air this coming Wednesday at 8 a.m. EST. Find it at the following podcast broadcast stations: **Anchor.fm** https://anchor.fm/defluenced **Spotify** https://open.spotify.com/show/1CjlqFLbVJ5tXax1phf7BQ **Apple** https://podcasts.apple.com/us/podcast/defluenced/id1642713445 **Google** https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9iMmYwNTBlOC9wb2RjYXN0L3Jzcw…
@cryptocracy
Ethereum Steals the Show, Web3 Looks for Its Identity How bitcoin shatters the **greatest illusion ever made**. Bitcoin’s “slowness” is **its superpower**. *I couldn’t agree more with both conclusions, but don’t call me a maxi.* Is Bitcoin the perfect **settlement layer** for building apps? Another Fed rate hike could **impact BTC’s price**. https://bitcoinmagazine.com/culture/the-greatest-trick-that-bitcoin-shatters…
@cryptocracy
Defluenced - The Podcast About Cryptosocial Media A few weeks ago, I was reading a blog post on Hive where a blogger who calls himself Unkle Bonehead said he was **launching a podcast** dedicated to decentralized social media. He was calling the podcast Defluenced. I commented on the post and invited him to read **my book on cryptosocial media** and review if he liked it. Not only did he like it, but **he loved it** and invited me to co-host the podcast with him.…
@cryptocracy
28 Links On Ethereum's Merge After the Merge, BTC falls $20,000 and **ETH slides 8 percent**. *Did you see the pump and dump coming? If not, you must have been sleeping.* How **bitcoin is performing** after the Merge. “Black Swan” author calls **bitcoin a tumor**. In the blockchain chess game, it’s **bitcoin’s move**. ETC has its its own **price swing** after the Merge. https://cointelegraph.com/news/bitcoin-price-loses-20k-eth-price-drops-8-after-monumental-ethereum-merge…
@cryptocracy
A Digital Dollar Is Not to Be Feared The U.S. Treasury releases report recommending the U.S. begin **developing a CBDC** just in case one is “determined to be in the national interest.” According to those watching the space, a digital dollar could mitigate fraud while **protecting consumers** and businesses. Read the White House’s **framework for a digital currency** for yourself. Crypto fans should not fear **a digital dollar**, yet. *The only scenario in which crypto…
@cryptocracy
Ethereum is More Centralized Post-Merge, Thanks to Flashbots Bitcoin fell to a new **three-month low**. Despite this, a Bloomberg analyst is doubling down on **$100,000**. But … could Goldman Sachs send **BTC to $12,000**? Whether it does or doesn’t, bitcoin could be at the **tail end of something**. Enjoy this excerpt from “**Bitcoin: Let There Be Pain**”: https://www.reuters.com/technology/bitcoin-falls-below-19000-cryptos-creak-under-rate-hike-risk-2022-09-19/…
@cryptocracy
Ether Has Slid 15% Since the Merge MicroStrategy bought another 301 BTC for $6 million, now holds **130,000 bitcoin**. Bitcoin is on the rebound but the market is **still bearish**. *If bitcoin investors were whales, MicroStrategy is Moby Dick. Follow Moby.* https://cointelegraph.com/news/michael-saylor-can-t-stop-microstrategy-now-holds-130-000-bitcoin https://www.barrons.com/articles/bitcoin-crypto-market-today-51663669034 Ether has **dropped 15 percent** since the Merge,…
@cryptocracy
Defluenced, Ep. 2: Why We Need Cryptosocial Media Before I get into the latest edition of the Defluenced podcast, I think you should I published yesterday’s Cryptocracy as a **limited edition NFT on Cent Pages**. There are only 4 left. https://cent.co/account/posts/2783 Yesterday morning, the second episode of Defluenced hit the airwaves. If you missed the announcement in Cryptocracy, here’s your chance to catch the recording. Unkle Bonehead and I are talking about our…
@cryptocracy
What Kind of CBDC Is the U.S. Treasury Pushing For? One of the biggest concerns regarding the recently published Treasury Department report on CBDCs, titled **The Future of Money and Payments**, is that a central bank digital currency (CBDC) could easily be used to track private citizens. And because it could be used that way, the fear is that it *will* be used that way. Of course, much of that fear springs from imaginations belonging to people who haven’t read the document.…
@cryptocracy
Ethereum Validator in Turmoil as Amazon Hack Costs $235K in Crypto stakefish, one of Ethereum’s largest validators, is in a state of turmoil after **25 percent of its employees** depart. **How to run an Ethereum validator**. *The Merge was a day of excitement in more than one way, as the stakefish story shows.* https://www.coindesk.com/business/2022/09/23/ethereum-merge-vastly-increased-stakefishs-profile-but-25-of-its-employees-are-gone-anyway/…
@cryptocracy
ETH Issuance is Down 98% Since the Merge ETH issuance has fallen **98 percent** since the Merge. Is Ethereum POS a **threat to Bitcoin dominance**? Cardano Founder Charles Hoskinson tweeted that Ethereum would have completed Merge faster by using the **Snow White upgrade**. The SEC claims **all ETH transactions are in the U.S**. And Ethereum Cofounder Vitaik Buterin says he’d like to see Dogecoin and Zcash **follow Ethereum to POS**. *The discussion on whether Ethereum poses…
@cryptocracy
BTC Outdoes GBP, Yen, and More Fiat Currencies Bitcoin outperforms **major fiat currencies**. A little more on the British pound’s collapse and **impact on cryptocurrencies**. https://fortune.com/crypto/2022/09/27/bitcoin-is-outperforming-the-worlds-major-currencies-pound-yuan/ https://cointelegraph.com/news/the-british-pound-collapse-and-its-impact-on-cryptocurrency-watch-the-market-report Ethereum blows Bitcoin’s net inflation rate **out of the water**. The path forward…
@cryptocracy
Defluenced, Ep. 3: What is Decentralization and Why Do We Need It? In case you missed it, the **third episode of Defluenced** dropped yesterday. Unkle Bonehead and I discuss decentralization. What it is and why it’s necessary in our over-centralized world. https://defluenced.online/ep003-what-is-decentralization-and-why-is-it-needed-setting-somegoals/ Before I embed the video, I’d like to share the 90-day growth trajectory of Cryptocracy. It’s been a pretty steady climb…
@cryptocracy
The One Thing That Could Double BTC's Price, According to the CFTC Professional traders don’t expect bitcoin to stay over $20K **any time soon**. Bitcoin’s **climate impact** could be bigger than gold mining’s. CFTC Chair Rostin Benham says regulation could **double bitcon’s price**. Did you know you can **buy bitcoin with SWIFT**? *I’ll side with professional traders. Bitcoin will go over $20,000 again and stay there, but not this year. And if you think the CFTC chair is…