Why Do Bitcoiners go Nutso When You Say 'Crypto'?

I’m keeping it short today because I’m on the road over the weekend. If you’re reading this on a cryptosocial media platform, you’re probably reading it later because I have to manage the battery on my laptop. Happy reading!

A comedian whose name you need not know said “crypto,” like, a million times at the Bitcoin Conference in Miami and bitcoin maximalists—you know, people who believe Jesus Christ will return with bitcoin in his pocket and take back America for the one true God after kicking the devil back to Russia—went ape do-do. The year is 2022 and the dollar is looking pretty good. Meanwhile, Goldman Sachs has issued its first even bitcoin-backed loan.

Did you know Ripple has a platform for minting, managing, and destroying CBDCs? I didn’t either.

Coinbase NFT Marketplace opened up and saw fewer than 900 transactions the first week. One user tells what he saw when he signed on. But Seeking Alpha is asking if developers will burn Coinbase down.

Eric Schmidt, former CEO of Google, is investing in crypto and Web3.

Panama is on the verge of passing legislation that would allow citizens to pay taxes in cryptocurrencies along with make everyday purchases.

Tron is launching a new stablecoin. U.S. Decentralized Dollar (USDD). Not to be confused with the U.S. centralized dollar, the inflationary currency you can hold in your hand.

80 percent of altcoins are under water within a year.

How DAOs are changing leadership. Personally, I don’t think they’re changing leadership so much as providing a different model for accountability. Instead of some “good old boy” network ensuring that organizational leaders can get away with malfeasance and corruption, the DAO makes leadership transparent, the way it is supposed to be. Being transparent, leaders are less likely to get away with shenanigans.

DeepDAO categorizes hundreds of other DAOs. One DAO just bought a sports team.

Gibraltar became a crypto hub and now wants to manipulate the market.

Snark and commentary in italics.

Cryptocracy is a decentralized newsletter published 4 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.

Image credit: The Verge