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True story. I woke up Saturday morning prepared to kick out my Saturday issue of Cryptocracy, but my computer’s battery was dead. At 5 a.m.
Since I live in a van with my wife, the only way to power up is to plug into our off-grid solar system and turn on the inverter. Since there’s no sun at 5 a.m., that’s a little risky, but I would have had to reach over my wife, who was sleeping, to plug in, and that’s an even bigger risk. I put the computer away and went back to bed.
When I woke up a couple of hours later, it was time to hit the road. We were traveling from Pennsylvania to Texas. Still haven’t made it yet. Now, our van is in the shop in a small town in Alabama because one little plastic piece that holds the shift linkage in place broke off. It’s like a 20-minute fix for someone who knows they’re doing.
That means we stayed in a motel room last night because the auto shop is closed on Sundays. We should be back on the road today—I hope.
Here’s my van just before driving it off the tow truck.
Bitwise CEO Hunter Horsley says the next bitcoin bull run will begin in 2023. Former Morgan Stanley CEO John Mack says bitcoin could be “a huge way that monetary transactions take place”—50 years from now. Of course, he also said it’s hard for him to understand why BTC has value, but he owns some. Shark Tank’s Kevin O’Leary believes it could be sooner, right after the Stablecoin Transparency Act passes. He’s not the only one who believes regulation will benefit bitcoin. ARK Investment analyst predicts BTC will hit $1 million within seven years. I’ve been saying for a couple of years now that regulation is inevitable and that it will benefit cryptocurrencies, especially bitcoin. Regulation makes people feel comfortable and less like they’re paying a hooker. If you take your date to dinner and end up with some nookie, it feels like a reward. You hand over a nifty fifty and ask for some love pudding, suddenly your name is John. Bitcoin is no hooker and most investors don’t want to be Johns.
Ethereum has seen 50 percent of its post-Merge blocks censored due to Office of Foreign Assets Control (OFAC) compliance enforcement. Two ways to earn passive income from Ethereum.
Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.