Coin Sheet - July 17, 2017

◤WHAT PEOPLE ARE TALKING ABOUT

The Market: The cryptocurrency market cap dropped to as low as ~61 Billion, so you could say crypto has had a rough couple of days. Some folks are speculating that the market has now shows signs of a recovery. Those folks need to hold their horses, we still need to get here to break the downtrend.

 

In China News: China's chief justice received a briefing on blockchain technology last week during an inspection of the city of Guiyang in southwestern China.

Babyboomers: What stops older generation from using Bitcoin? tl;dr - Steep learning curve, buying cryptocurrency isn’t easy, no safety net, there aren't many ways to spend it, and the price is volatile.

Oh, and Coinbase has apparently been hemorrhaging money last week after data showed it had been paying double transaction fees.


◤THINGS I LIKE

This article from Anthony Sassano on The Irrationality of People.

This wonderful piece from Nick Szabo's Unenumerated, Money, blockchains, and social scalability.


◤MARKET SENTIMENT

What is this? Read here under "MARKET SENTIMENT".

What is this? Read here under "MARKET SENTIMENT".


◤QUOTE OF THE DAY

“Your beliefs become your thoughts, your thoughts become your words, your words become your actions, your actions become your habits, your habits become your values, your values become your destiny.”
— Mahatma Gandhi

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