My way of thinking: I don’t care how much fiat I have on paper. I care how much BTC, ETH, and DOT I have in reality.
The issue with centralized national currencies is they are controlled by a few people and the supply keeps increasing dramatically, hurting the poor tremendously when the prices of assets and living goes up while the value of their savings and monthly income keeps going down.
With decentralized digital currencies, there is a fixed supply (ex: there are only 21 million Bitcoin and more cannot be created) so you can trust that your savings are safe and not continuously debased.
We are now in a 15 year period of moving from nation-state backed currencies for medium of exchange to moving to decentralized and programmable digital currencies as the primary medium of exchange. Decentralized currency that moves across borders in milliseconds and programmable smart contracts are the foundational layer upon which we are creating a more transparent, fair, and innovative global financial system.
It’s an inevitable evolution for human society, and one that beautifully will greatly empower the poor and middle class as their savings and income won’t be able to be debased continually any longer.
Nation-states will attempt to issue their own digital currencies the next five years however these will have the same issues as their non-digital currencies—their supply can be increased at will.
Only decentralized currencies where the supply is fixed (ex: Bitcoin) or deflationary (Ethereum 2.0) will be accepted by the majority of the people.
Digital currency is the people’s money. 👍💛
With decentralized digital currencies, there is a fixed supply (ex: there are only 21 million Bitcoin and more cannot be created) so you can trust that your savings are safe and not continuously debased.
We are now in a 15 year period of moving from nation-state backed currencies for medium of exchange to moving to decentralized and programmable digital currencies as the primary medium of exchange. Decentralized currency that moves across borders in milliseconds and programmable smart contracts are the foundational layer upon which we are creating a more transparent, fair, and innovative global financial system.
It’s an inevitable evolution for human society, and one that beautifully will greatly empower the poor and middle class as their savings and income won’t be able to be debased continually any longer.
Nation-states will attempt to issue their own digital currencies the next five years however these will have the same issues as their non-digital currencies—their supply can be increased at will.
Only decentralized currencies where the supply is fixed (ex: Bitcoin) or deflationary (Ethereum 2.0) will be accepted by the majority of the people.
Digital currency is the people’s money. 👍💛
Someone asked in the comments channel, “what do you think about government regulation as it related to blockchain sector” ... here are my thoughts...
1. The Blockchain industry is becoming the #1 taxpayer industry this decade. Jurisdictions who embrace the industry will thrive as capital and talent and taxes flow into their borders. Countries that embrace crypto (Singapore, Switzerland, USA) will thrive economically while those who don’t, won’t. Municipalities like Miami, Geneva, New York, and Singapore are already competing for who will be the most blockchain innovation friendly. Why? They want to become/stay the leaders of the next 20 years and attract talent, companies, innovation, and tax dollars.
2. Decentralized exchanges (Uniswap, PancakeSwap, Loopring, BakerySwap) and decentralized blockchain currencies can’t technologically be stopped without blocking the entire internet. Satellites are now broadcasting the Bitcoin blockchain from space back to Earth, making it accessible even to places without internet access.
3. Political candidates who support the blockchain industry in the next few political cycles will receive a lot of funding and contributions. Those who don’t, won’t. There’s a huge incentive for forward thinking public sector leaders like Andrew Yang, Cynthia Loomis, and Francis Suarez to embrace Blockchain tech.
For those who think carefully about game theory, the game is already over—it’s just playing out in front of our eyes the next 15 years.
The macro game of the 20th century was Controlled Government Economic Planning vs. Competitive Markets. Competitive markets won.
The macro game of the next 20 years is Centralized Control vs Decentralized Innovation.
Imagine the entire international legal and financial system rewritten on smart contracts and you’ll be able to imagine what is coming.
What’s coming:
1. A global economic and legal system that treats all people equally regardless of where they are from.
2. A global decentralized digital currency and medium of exchange that can’t be debased or controlled by the few.
3. The entire global financial and legal system (markets, stock exchanges, contract law, etc) rewritten on efficient and transparent smart contracts. Code = Law.
It’s going to be a really interesting next two decades. Here’s to creating a more beautiful world for all.
1. The Blockchain industry is becoming the #1 taxpayer industry this decade. Jurisdictions who embrace the industry will thrive as capital and talent and taxes flow into their borders. Countries that embrace crypto (Singapore, Switzerland, USA) will thrive economically while those who don’t, won’t. Municipalities like Miami, Geneva, New York, and Singapore are already competing for who will be the most blockchain innovation friendly. Why? They want to become/stay the leaders of the next 20 years and attract talent, companies, innovation, and tax dollars.
2. Decentralized exchanges (Uniswap, PancakeSwap, Loopring, BakerySwap) and decentralized blockchain currencies can’t technologically be stopped without blocking the entire internet. Satellites are now broadcasting the Bitcoin blockchain from space back to Earth, making it accessible even to places without internet access.
3. Political candidates who support the blockchain industry in the next few political cycles will receive a lot of funding and contributions. Those who don’t, won’t. There’s a huge incentive for forward thinking public sector leaders like Andrew Yang, Cynthia Loomis, and Francis Suarez to embrace Blockchain tech.
For those who think carefully about game theory, the game is already over—it’s just playing out in front of our eyes the next 15 years.
The macro game of the 20th century was Controlled Government Economic Planning vs. Competitive Markets. Competitive markets won.
The macro game of the next 20 years is Centralized Control vs Decentralized Innovation.
Imagine the entire international legal and financial system rewritten on smart contracts and you’ll be able to imagine what is coming.
What’s coming:
1. A global economic and legal system that treats all people equally regardless of where they are from.
2. A global decentralized digital currency and medium of exchange that can’t be debased or controlled by the few.
3. The entire global financial and legal system (markets, stock exchanges, contract law, etc) rewritten on efficient and transparent smart contracts. Code = Law.
It’s going to be a really interesting next two decades. Here’s to creating a more beautiful world for all.
We will pass $100k this year (likely around August 2021) and likely reach $200k before the next big market correction. Bitcoin operates on a four year cycle based on its programmatic mining supply, which restarted in May 2020 when the last halving occurred. Bull cycles last around 15-18 months after the halving event occurs. Study the stock to flow model to learn more.
In this week's special issue of The Coin Times I break down my personal crypto investment strategy, explaining step-by-step how I got a 161% return in the last 30 days.
https://cointimes.substack.com/p/my-crypto-investment-strategy
https://cointimes.substack.com/p/my-crypto-investment-strategy
Substack
My Crypto Investment Strategy
How I Got a 161% Return in the Last 30 Days
Q3 2021 Bitcoin Price Estimates:
Willy Woo - $200k
Rekt Capital - $170k
Pantera Capital - $115k
Stock to Flow Model - $103k
Sources:
https://willywoo.substack.com/p/013-the-1t-resistance
https://rektcapital.substack.com/p/fouryearcycle2
https://panteracapital.medium.com/bitcoin-rally-2017-vs-today-ba1fe9d7ac79
https://digitalik.net/btc/
Willy Woo - $200k
Rekt Capital - $170k
Pantera Capital - $115k
Stock to Flow Model - $103k
Sources:
https://willywoo.substack.com/p/013-the-1t-resistance
https://rektcapital.substack.com/p/fouryearcycle2
https://panteracapital.medium.com/bitcoin-rally-2017-vs-today-ba1fe9d7ac79
https://digitalik.net/btc/
Year to date returns through today:
BTC: +57% YTD
ETH: +98% YTD
DPI: +207% YTD. (The DeFi Index token)
I expect ETH will appreciate in price to $5000 by August 2021, as
1) The major Ethereum Daaps move to Layer 2 (L2) protocols like Optimism, Polygon, and ZKRollup that move transactions off the main ethereum chain, making them much faster and less expensive.
2) EIP-1559 goes live in July 2021 (The "London Update") which will start burning gas fees (which means reducing the ETH token supply with every transaction). By August 2021, ETH will have a more deflationary money supply than Bitcoin. Most people don't realize this yet.
If you don't have ETH, now is a great time to load up. BTC + ETH + DOT = A Happy Summer 2021.
BTC: +57% YTD
ETH: +98% YTD
DPI: +207% YTD. (The DeFi Index token)
I expect ETH will appreciate in price to $5000 by August 2021, as
1) The major Ethereum Daaps move to Layer 2 (L2) protocols like Optimism, Polygon, and ZKRollup that move transactions off the main ethereum chain, making them much faster and less expensive.
2) EIP-1559 goes live in July 2021 (The "London Update") which will start burning gas fees (which means reducing the ETH token supply with every transaction). By August 2021, ETH will have a more deflationary money supply than Bitcoin. Most people don't realize this yet.
If you don't have ETH, now is a great time to load up. BTC + ETH + DOT = A Happy Summer 2021.
Today on The Breakdown podcast, Nathaniel Whittemore reads the great essay “Can Governments Stop Bitcoin” by Human Rights Foundation CSO Alex Gladstein
https://youtu.be/kmN-dx6_R8Q
https://podcasts.apple.com/us/podcast/the-breakdown/id1438693620#episodeGuid=f06c7778-d310-4149-93c2-fe72b1aeb7e2
I recommend a listen 🎧
https://youtu.be/kmN-dx6_R8Q
https://podcasts.apple.com/us/podcast/the-breakdown/id1438693620#episodeGuid=f06c7778-d310-4149-93c2-fe72b1aeb7e2
I recommend a listen 🎧
The value of Bitcoin is now 7.6% the value of gold. Will we see the value of Bitcoin exceed the value of gold this decade? I think we will.
We have renamed the group and newsletter from The Coin Times to CoinStack.
Please pass along to friends: @thecoinstack
Coinstack.substack.com
👌👌👌
Please pass along to friends: @thecoinstack
Coinstack.substack.com
👌👌👌
Here are the top monthly gainers for February 2021... happy to have been early into BakerySwap, PancakeSwap, and PlasmaPay.
I first wrote about BakerySwap and PancakeSwap in the February 2nd issue... https://coinstack.substack.com/p/whos-the-king-bitcoin-vs-ethereum
Will keep researching and sharing fundamentals-based quantitative analysis in each weekly issue. 👍👍
I first wrote about BakerySwap and PancakeSwap in the February 2nd issue... https://coinstack.substack.com/p/whos-the-king-bitcoin-vs-ethereum
Will keep researching and sharing fundamentals-based quantitative analysis in each weekly issue. 👍👍