Tis a beautiful day to be a coiner. The price is mooning, the alts are popping, and the government is going a little crazy.
Here is a quick list of the digital asset happenings over the last few days. After that, I made some poems because I enjoy doing weird stuff like rhyming BTC and Free.
- The OCC just gave Digital Assets a high five. I’m not smart enough to break down the “interpretive letter “written by Brian Brooks (the head of the OCC and former C-level exec at Coinbase), but I am smart enough to know that when the government starts using terms like “stablecoin” the crypto markets should go wild. This seems like a step in the right direction for Ethereum and digital assets in general.
- Nothing is going right for Ripple. They are under attack from all sides. Talk about a Byzantine General’s Problem, am I right? (if you get this joke you are a true nerd, congratulations!) I think the SEC is going to rip apart Ripple, pun intended. The problem comes down to Ripple owning the nodes that are in charge of their token, XRP. They are not decentralized like BTC and Ethereum, which is why the SEC can come after them so easily.
- Russel Okung got paid in Bitcoin and he plays in the NFL. That is wild! I literally turned on Sportcenter a few days ago and saw Adam Schefter talking about Bitcoin. I hope this becomes a trend. I wouldn’t be surprised to see Spencer Dinwiddie be the next athlete to get paid in some sort of digital asset.
Haiku:
Bitcoin just hit
an all time high once again.
36k, yay!
Acrostic:
Bretton Woods and dirty fiat
Instigated a period of money printing
That will probably never stop. You should
Consider
Opting
Into the
Network of freedom
Limerick
There was once a man named by Fiat Fred
A life of stonks and inflation was what he led;
Til he found BTC
which set him free
And now his name is Austrian Economics Ed
-Kram (1/06/2020)
KRAM 