Tweets Into Thoughts Series - #33 Week Recap
Curated List of Insightful Crypto Developments for the Week - Jan 9th to 15th 2022
Hello Reader,
Welcome to this weekly newsletter capturing some of the Most Impressive + Informative data I have come across on Twitter, related but not limited to mainstream Crypto Adoption, FUD busting along with Macroeconomics, NFTs and Metaverse for the week starting January 9 - 15th, 2022.
Multiple major financial services to add Bitcoin to their mutual fund offerings
A jab for every variant could be the norm ?
The User experience matters for widespread adoption, be it Web3 or Web100
Cathie Wood from ArkInvest says digital assets will be a $40 trillion market by 2030
Silly amounts of QT wont solve a decade long effects of QE
The Fed is still buying (QE) $60 billion of securities this month, and another $30 billion next month. So, why not just end QE in two weeks? It will take months of QT just to reverse these purchases. https://t.co/kMAooZXzKm“Inflation is running very far above our target and… that’s telling us… the economy no longer needs or wants the very accommodative policies we’ve had in place to deal with the pandemic and the aftermath,” Fed Chair Powell says. “It’s a long road to normal from where we are.” https://t.co/1n0aykC6uOYahoo Finance @YahooFinanceEntity adjusted dormancy flow reaches historic bottom levels
It is the ratio of the current BTC market cap and the annualized idle value (measured in USD).
US Senator introduces bill to re-evaluate CBDCs to make them more open and less authoritarian - read thread
Strike expands into Argentina, enables Bitcoin savings & cross-border transfers
Venture capitalists invested $33bn in crypto/blockchain startups in 2021, more than all prior years combined.
Crypto startups draw record VC money, may lead to more IPOs in 2022 yhoo.it/3HQk2Gv by @alexandraandnycCrypto retail adoption is growing. Its decentralization in terms of user base, not custody.
Inspired me to look up the same numbers. For Coinbase, Q1 2019 was 30% outside the Bay Area, and last quarter (Q4 2021) was 89% outside the Bay Area. Tech is definitely decentralizing. Silicon Valley is now in the cloud.In Q1 2019, 39% of Stripe's hiring was outside Bay Area and Seattle. Last quarter, it was 74%. I think the rate at which tech industry is going global is still under-appreciated, and that this will be a big tailwind for the world over the next decade.Patrick Collison @patrickcCrocs walks into the Metaverse
The effect of EIP-1559 visualised
New Study by Bank Of America Shows Solana Could Flip Ethereum To Become “Visa Of Crypto”
Island nation Tonga joins the league of El Salvador to adopt Bitcoin as legal tender
North Korean hackers stole nearly $400 million worth of crypto assets in 2021
Mayor of Rio de Janeiro, Brazil pledges to invest 1% treasury in #Bitcoin and cryptocurrency
Inflation is not your friend. Wake up before you get poor.
If you are on the fence regarding #Bitcoin and any crypto investment, this should be your confirmation. 👇 Also if you are concerned about #privacy , its not too late to learn more about #Monero . Don't be a victim of #inflation designed to make you poor. Take the orange pill.US #inflation rises to 7% in December, highest level in 39 years. Gasoline: 49.6% Beef: 18.6% Pork: 15.1% Chicken 10.4% Fresh fish: 10.2% Oranges: 9.9% Furniture: 13.8% Dresses: 8% Jewelry: 8.8% New cars: 12% Used cars: 37.3% Hotels: 27.6% Car rental: 36%Emel Akan @mlakan
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Unlike most coins including Bitcoin which are fully transparent, you can store and spend Monero safely on-chain, knowing that no one else can see your balances or track your activity, or create more supply than what is predictably programmed. It is well established with a large number of users, open source code while the network is up & running since 2014. It was a fair launch, not an ICO, has no founder or a CEO. Monero has the third most active number of developers working on the protocol among ALL cryptos while dev effort for each new feature is fully crowdfunded by the community.
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