New Money Weekend Links

Weekend Links: 07/25/20

NEW MONEY Weekend links is a recap of relevant news, links, and content from the week in Bitcoin, published by Adam Pokornicky of DAIM Digital, a Registered Investment Advisor for Bitcoin and Digital Assets. Opinions are my own. Twitter: @callmethebear


Jumping into the new format as promised. If you find this valuable, please share it with interested friends and/or your social media for others to find. I appreciate you.


This Week in Bitcoin and Digital Assets

Crypto Custody in U.S. Banks - In a powerful move toward mass adoption, the U.S. Office of the Comptroller of the Currency has finally acknowledged, "banks can continue satisfying their customers’ needs for safeguarding their most valuable assets, which today for tens of millions of Americans includes cryptocurrency." Read More

PayPal Takes Another Step Toward Crypto - PayPal has reportedly officially partnered with Paxos in an effort to launch crypto services very soon, which could increase prices through mass adoption. Read More

Senate Hearing Sees Digital Dollar as a Tool for Economic Supremacy - The idea of a U.S. digital dollar is no longer a fringe novelty, it may be a means to an end. See what the Senate is saying about it and recall my comments from back in April on the coming digital dollar and what that means for surveillance and privacy. Read More

ETH is the Star of 2020 (So Far) - "Ether, the second-largest cryptocurrency by market value, has more than doubled in value this year..." Read More

"Bitcoin is money." - A D.C. federal court rules that Bitcoin is indeed money in the context of money transmission licensing Read More

Visa, Mastercard And PayPal Are Changing Their Tune On Bitcoin And Crypto Banks, credit cards, and even eventually central banks will all capitulate on bitcoin. The if you can't beat it join it mentality is a natural reaction to bitcoin's ever-increasing growth driven by demand caused by its incentive structure. - Read More


Weekend Reading Links:

Jim Chanos: ‘We are in the golden age of fraud’ - Harriet Agnew, FT

The infamous short-seller dishes on being a bear in a bull market, betting against Tesla and why he thinks ‘trouble’s coming’

Dumb Money Making Smart Stock Picks in Yearlong Robinhood Rally - Bloomberg

One unexpected casualty of the 2020 market will be the popular notion that the pros have it over the amateurs when it comes to choosing stocks. Between r/wallstreetbets, Tiktok pump groups and Dave Day Trader Global, the amateurs are winning big

No Business Like War Business - Radigan Carter

Step back and see who doesn't waste the opportunity to spend money on wars. In a strong bipartisan vote, House lawmakers passed a $740.5 billion plan for the annual defense authorization bill, including provisions for a hefty military pay raise next year, as long as the Defense Department rename bases honoring Confederate leaders. Thanks Democrats. Real courage here.

The Poison of Male Incivility - Rebecca Traister

The framing of uncivil men being passionate and disruptive while women responding to it being labeled as fiery, chaotic, doing it for their brand or status-seeking is such a hypocritical double standard form of gender power imbalance that needs to be confronted. "until we can see how white men have taken advantage of sexism and racism for their own gain — how they’ve built their own “brand”— on the backs of the f*cking bitches forever, we’re not really reading a full story."

Quantitative Easing, MMT, and Inflation/Deflation: A Primer - Lyn Alden

This is a super long read but one of the best content pieces I've seen to understand inflation/deflation, Quantitative Easing, MMT, and all the f*ckery and sorcery central bankers are doing with your money to keep the party going.

Hackers Tell the Story of the Twitter Attack From the Inside - Nathaniel Popper, NY Times

Several people involved in the events that took down Twitter this week spoke with The Times, giving the first account of what happened as a pursuit of Bitcoin spun out of control.

100 Couples Share Their Secrets to a Successful Relationship - Polina Marinova

This is a little off the beat, but I thought others might find it interesting. Given how Covid-19 has forced us to live on top of each other and in many cases a greater degree of closeness to our partners and loved ones, we could benefit from experiences and advice from others. “If you stop investing in yourself, your bad habits and poor communication will chip away at your relationship — whether you’re married or not.”

Following Funds From The Twitter Hack & Bitcoin Scam - Affecting Joe Biden, Elon Musk, And Others - Nicholas Gans, Forbes

Bitcoin is a public blockchain, so anyone can pull and investigate all of the hack-associated transactions and addresses from the Twitter Hack and the public address used and follow the funds. In this article, the author uses this publicly available blockchain data to model the funds received and subsequently sent by the scammer(s).

The Message Behind Gold's Rally: The World Economy Is in Trouble

As 5yr real yields on US Treasuries are hovering near seven-year lows, Gold topped $1,900 an ounce first time since 2011. t's easy to forget now but there was a time early on in the pandemic when the price of gold was in freefall.

What Is Yield Farming? The Rocket Fuel of DeFi, Explained - Coindesk

Broadly speaking, yield farming is any effort to put crypto-assets to work and generate the most returns possible on those assets. At the simplest level, a yield farmer might move assets around within decentralized services, constantly chasing whichever pool is offering the best APY from week to week.


Podcasts:

The What Bitcoin Did Podcast - Brian Armstrong, Coinbase CEO

This interview with the founder of Coinbase discusses the difficulties in running a large startup, regulations, the Neutrino acquisition & providing analytics to government agencies with Coinbase Analytics was so polarizing to the digital asset community that #deletecoinbase began trending on Bitcoin twitter.

The Joe Rogan Experience - #1508: Peter Schiff

Peter Schiff is a well known Gold bug and Bitcoin hater. The wide-ranging, three-hour with this interview covered a number of topics, including a critique of socialism, the 2020 presidential election, the recent social unrest, how to fix troubled communities, how the minimum wage hurts workers, and the economic impacts of the coronavirus

The Importance of Free Speech by @Ayishat_Akanbi

This is not really a podcast but it’s long enough(~5min or so) that it sort of fits in this section. I’ve watched this video at least 5x and can’t reiterate how important it is to listen carefully and understand what she is trying to say. Humans are complex, they're not the packages of pure good and pure evil, and once you're quick to vilify them, you immediately take away from all the good that they have done & you hurt other important causes. Free speech must be protected at all costs, so different ideas can keep going to battle until the best argument wins. It's the only path to the truth.


New Money Bits

Bill Miller, formerly of Legg Mason Value Trust, reiterates what we’ve been pounding the table at DAiM. That Bitcoin should be at least 1% of every individual’s portfolio. Don’t believe me, even if you hate Bitcoin, just follow the data from our Modern Portfolio Theory research analysis. If you are an individual and you want help adding Bitcoin to your brokerage or retirement accounts email me [email protected]. If you’re a Financial Advisor/Wealth Manager and you’d like to learn about Bitcoin or explore how you can provide access to clients email me as well. We are happy to help anyone that wants safe, secure, and compliant access to Bitcoin and Digital Assets.

Learn To Money

My colleague and friend, Tyrone Ross, Jr just launched “Learn to Money” ..Learn to Money will cover budgeting, saving, managing and avoiding debt, making smart purchases, investing, home buying, credit scores, and more. He’s gonna do it in a way that won't put young people to sleep. The videos will be full of dope graphics, expressed in relatable language, and will be posted on Instagram, YouTube, Twitter, and TikTok. If you want to support his extraordinary venture, you can at GoFundMe.

The Black Bitcoin Buyout is happening. You should participate.

The #BlackBitcoinBuyout is designed to showcase the buying power of the black community with millions of Black people buying Bitcoin at once. If you are considering Bitcoin, this a powerful movement and way to GET OFF ZERO.

If you are ready to get started with Bitcoin and want to open a brokerage or retirement account(401k, IRA or SEP), fill out our client profile. Everything is free to get going. Once you are a client, you can refer friends and earn USD or Bitcoin for any referrals of friends and colleagues.

The next Bitcoin Bull market is getting started…I’m absolutely here for it 🚀🚀🚀

Ok..that’s it for the first issue of Weekend Links. If you like this format or want to provide feedback let me know.


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