The landscape of digital money is rapidly evolving, with cryptocurrencies and state-issued alternatives competing for dominance. The widespread adoption of stablecoins like USDC and USDT in international payment settlements highlights the U.S. dollar’s role as a de facto global reserve currency, reinforcing the significance of self-custodied digital money in enhancing financial autonomy and efficiency.
In the ever-changing landscape of the crypto market, understanding its current state is essential. In this insightful article, we explore the nuances of the ongoing bear market and its potential turning points. While market timing remains uncertain, there are key observations to consider. The article examines the experience of crypto hodlers and the importance of backing projects with conviction. It also emphasizes the relative perspective of drawdowns, illustrating how seemingly substantial losses can pale in comparison to further drops. The piece highlights a consolidation and capitulation trend, with tokens gravitating towards established cryptocurrencies like BTC and ETH. Moreover, recent regulatory developments in the US indicate a fundamental shift, suggesting that crypto is here to stay. The article concludes by summarizing significant news headlines that hint at a market poised for a rally. Whether you’re a hodler or a new entrant, this article provides valuable insights to help you navigate the crypto market’s depths.
TLDR Summary; The current established systems for conducting commerce online have their limitations. These systems have not yet evolved to service the global and borderless nature of the internet, which is why there is a need for a global internet native currency. A global internet native currency, based on a cryptocurrency, would offer low transaction …
Money infuses our lives at so many levels from such as young age it becomes a ‘given’, not unlike the air we breathe. Indeed, our understanding of money typically forms more by a slow hypnosis from childhood than by way of structured learning.
Unpicking that puzzle in our minds is a huge challenge, requiring the shedding of deeply held beliefs and abandonment of totemic imagery our minds have weaved together in an effort to make sense of it all.
Threshold signatures are
– A weapon for privacy
– Increasingly used to secure exchange and institutional custody wallets
– Represent a fundamental change in understanding of ‘not your keys not your coin’
– Used as a fundamental design of most/many cross-chain bridges
You might be giving people the wrong impression of what a private key is or can be.
“Cosmos is coming to Kill your Fat protocol Thesis” – Zaki Manian If you have time I encourage you to watch this mind-expanding episode, link here: https://www.youtube.com/watch?v=pO5OO5vOlys If you don’t have time right now, I offer a summary below. Guests Sunny Aggarwal (SA)Zaki Manian (ZM)HostsRyan Sean Adams (RSA)David Hoffman (DH) IntroductionZaki @zmanian & Sunny @sunnya97 …
Podcast summary: Cosmos / Atom 2.0 with Sunny Aggarwal and Zaki Manian. Bankless Ep 139 Read More »
“(ZK SNARKS are ) as important a technological breakthrough as blockchains themselves” Vitalik Buterin – Sept 2022
If Vitalik is correct, shouldn’t you know a bit more about them, just in case ? spend 4-5 minutes here to get you started.
“If I had to choose between giving up on the Verge versus giving up on ZK Snarks I would give up verge”.
ZK Snarks can offer a kind of ‘poor mans’ verge.
“(SNARKS are ) as important a technological breakthrough as blockchains themselves”
We will see more and more of them in the next decade
“Privacy is normal!” – Zooko
PODCAST Summary: Bankless ep 135 – Crypto Wars 2.0 with Zooko
Key points raised during this fascinating discussion. Privacy is just a means to an end, that end is freedom. Are we sleepwalking into another missed opportunity to reset society with true economic freedom and autonomy?
Back in 2020, the Iranian government quietly amended its regulations on cryptocurrencies to allow locally mined bitcoin to be used for funding imports, likely a forced move at a time of increased pressure due to blocks on financial services after Trump reinstated US sanctions. The idea seems to have been to repatriate revenue from Iran’s …
Central bank digital currencies (CBDCs) are digital forms of a country’s fiat currency issued by its central bank. They are being explored as a response to declining cash usage and the rise of cryptocurrencies like bitcoin that could undermine central bank power. The UK’s proposed “Digital Pound” aims to provide an electronic version of cash that retains its stability while improving aspects like instant peer-to-peer transactions. However, potential risks around privacy, financial stability, disintermediating banks, cybersecurity, money laundering, and government control have made CBDCs controversial. Overall, CBDCs could provide benefits but the risks need to be managed through careful design and regulations.
