This could mean the liquidity for the next bull run can come from Asian markets? Print China Print!!! 😂🤣
US Gov sold some BTC today according to WhaleCharts
https://twitter.com/whalechart/status/1656350642426740740?s=46
Welcome Mr Kennedy! Honored to have you!
Tether hold 1.5 BILLION worth Bitcoins 😳
Bitcoin, crypto, and blockchain will go beyond financial uses in the future
A lot of people are upset with the latest news about congestion in Bitcoin and BRC-20 ecosystem.
It's puzzling why the media is portraying the recent rise in network congestion as a "siege". In reality, the surge in usage is a natural step towards achieving mass adoption. More people are utilizing the blockchain for their personalized needs, which is generating additional revenue. Additionally, this trend is encouraging for digital artists and NFT enthusiasts, who are finding new ways to secure their artworks using the blockchain. Not everyone prioritizes the financial potential of the Bitcoin network.
Adopting the blockchain is similar to adopting a multifaceted device like an iPhone. Although the primary purpose of a phone is to make calls, the iPhone revolutionized it by providing various features like taking pictures, playing music, and sharing on social media. Similarly, as more people use the blockchain for their unique requirements, like digital artists and NFT enthusiasts, the blockchain's usage is expanding beyond traditional financial transactions.
Michael Saylor is exploring the blockchain's potential for smart contract applications, including wills and legal contracts that remain immutable once entered. However, with congestion issues already arising, one can only imagine the challenges that will emerge as more people adopt the blockchain. The network must improve to accommodate the influx of users, and the fees will need to make up for the lost revenue of miners due to increased difficulty.
As I have discussed on my Nostr page, the blockchain's hash power needs to move beyond ASICS and GPUs to ensure network decentralization and stability. A diverse range of energy sources must be utilized to guarantee the blockchain's longevity.
The application of blockchain technology extends beyond financial transactions, including securing sensitive healthcare data. For example, Hospitals can provide patients with a card containing a public key that allows for the availability of information anywhere in the world. As with the current Electronic Health Record (EHR) vendors like EPIC Systems, the healthcare system may have to pay a flat fee for blockchain usage annually. If such a use case is built in decentralized Proof-of-Work networks, miners could also receive a cut of the fee.
It is possible that this network may shift away from Proof-of-Work to Proof-of-Stake, but the crucial aspect is that blockchain technology is expected to increase in usage in numerous ways within the next ten years. It will attract more users to the Bitcoin, crypto and blockchain space, even though not all of these applications will operate on the Bitcoin ecosystem. These events will also provide validity to this new technology. The potential for blockchain and cryptocurrency extends beyond conventional financial transactions and is likely to thrive in the future.
UAE’S ROYAL GROUP HAS BUILT A SHORT POSITION WORTH BILLIONS OF DOLLARS IN US STOCKS, PEOPLE FAMILIAR WITH THE MATTER SAID
ROYAL GROUP HAS SHIFTED MORE OF ITS PORTFOLIO INTO SHORT-TERM US TREASURIES AND IS INVESTING MORE IN COMMODITIES AND CRYPTO
Goodnight my fellow Nostralians 😴
Great advice by Warren Buffet [paraphrased]
1) Live in such a way that you will make people really fcking miss you, when you are gone.
2) it’s a short life; be nice to everyone!
In June, the US is likely to sell government bonds, but printing more money is doubtful and would be a limited resort. The possibility of more bank failures exists depending on their position. Though Janet Yellen's doomsday scenario seems unlikely, a government default and social security stoppage have too much political risk. Historical patterns suggest that political parties in power during economic downturns often lose office for extended periods (Republicans have lost Presidency for 12 out of 16 years since the 2008 recession).
Thoughts for today:
According to the research conducted by Fred Davis and Everett Rogers on diffusion of innovations, successful innovations possess two essential traits: perceived usefulness and perceived ease of use.
Bitcoin has hit a home run when it comes to perceived usefulness but Bitcoin has one problem; perceived ease of use. The female engagement with crypto still remains quite low for meaningful adoption to take place, both as end users and also career choice. Don’t believe me? Try explaining concepts such as “self custody” or “seed phrase” or “hardware wallet” to a significant other 😄. This why I think firms such as Fidelity Crypto will be successful in the future and will be used mainly by women users due to its ease of use concept, trust, and security that comes with a brand name like Fidelity.
This disparity has to be addressed via education in self custody, personal sovereignty, and how to safely handle Bitcoin without exposing oneself to fraud and risk.
As Miami 2023 is about to kick off, I hope more such educational events will be available now or in the future for future potential women end users as adoption kicks into high gear in the coming years.
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https://coinjournal.net/research-center/women-in-crypto-statistics/
