QUOTE OF THE DAY
"There isn't a way things should be. There's just what happens, and what we do."
—Terry Pratchett, A Hat Full of Sky
The crypto markets are experiencing a small pullback. You're favorite cryptocurrencies are probably effected. Tune in for the next episode to find out if it's better to hold your coins, or dump em.' (Not really though, because anything you read here is not financial advice, just the thoughts of a brilliant idiot).
Vitalik Buterin + Omise Go + Central Bank of Thailand
So Vitalik and the folks at Omise Go, met with the Central Bank of Thailand together yesterday.
I found an insightful comment on reddit where a user wrote that "its easier to talk to regulators / policy makers in emerging economies. They don't hold huge amounts of legacy infrastructure and are more willing to experiment with newer tech to encourage growth, as opposed to throwing a huge regulatory blanket over it." Fair point good sir, fair point.
Oh, and I almost forgot, Vitalik had a Q&A type thing yesterday where he answered questions about himself, Ethereum, Plasma, etc...
You can check that out here. What? Grr, okay fine, here are some highlights.
Bitcoin ETF Filed with SEC by Leading Gold Fund Manager
Investment management firm Vaneck has filed with the U.S. Securities and Exchange Commission to list and trade a bitcoin ETF. However, the "Vaneck Vectors Bitcoin Strategy ETF" will not hold actual bitcoin.
According to the filing, "The fund seeks to achieve its investment objective by investing, under normal circumstances, in U.S. exchange-traded bitcoin-linked derivative instruments (“Bitcoin Instruments”) and pooled investment vehicles and exchange-traded products that provide exposure to bitcoin."
Oh yeah, and someone at Vaneck has called Bitcoin a fad. "Bitcoin and other digital currencies are a fad that has attracted the attention of programmers, speculators, and early adaptors."
Click here to read the story.
Problem's I Didn't Know Existed
Are you afraid of food made in China? Do you want to look at a detailed history of your steaks—from when the cow was born to what it was eating? Now you can. #inblockchainwetrust.
Click here to read the full article about how blockchain tech could fix a key problem in China’s food industry.
John McAfee write an article titled "Here's why you can't call bitcoin a 'bubble'."
John write, "I believe that the blockchain is, even now, ushering in a new economic and social paradigm that will rival, if not exceed, the impact that agriculture had in human society."
You can read the article here.
A Story Of Three Ukrainian Lawmakers
"Three Ukrainian lawmakers have declared their bitcoin holdings as part of the country’s new electronics declaration system aimed at preventing corruption. The three hold altogether 11,644 bitcoins, worth approximately $47 million."
Here's an article about it from ZeroHedge.
THINGS I DON'T LIKE
From An Expert On Business Growth
This article from Fortune. It started off fine. Most people don't know what Bitcoin's are? Sure I agree. You're going to give us an explanation of what Bitcoin's are? Sure, it's not the worst explanation I've read. So then he talks a bit about stored value ok cool, etc...sure, good.
Ah finally! We get to my favorite part! Are you ready for this? So the author starts telling us why we shouldn't invest in Bitcoins, and to be fair, he starts off with a few good points. He says "There are speculators and traders who make markets in things like Bitcoins. They don't care about the underlying value of anything." Yes true.
Then he gets to his magnum opus
"They have no inherent value, because they are a currency which represents value rather than having value themselves. The Bitcoin currency is not managed by any government agency, nor is it backed by any government. Bitcoin values are purely dependent upon holders having faith they will continue to have value."
Dam Litecoin, you scary.
My Current Sentiment: Neutral
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