LibreCharts

2021-03-20 17:13:29 As punishment for Coinbase’s nefarious actions, the CFTC announced that Coinbase had been fined a total of $6.5 million and ordered to “cease and desist from any further violations of the Commodity Exchange Act or CFTC regulations, as charged.”

The report goes on to state that Coinbase’s actions “[undermined] the integrity of digital asset pricing”, which - in laymen’s terms - is a polite way of stating that Coinbase’s actions essentially ‘rigged’ the markets. Open / Comment

2021-03-20 17:13:29 On March 19th, 2021, the CFTC published a press release on their website revealing that Coinbase, the cryptocurrency exchange, was found guilty of engaging in, “reckless false, misleading, or inaccurate reporting as well as wash trading by a former employee on Coinbase’s GDAX platform.” Open / Comment

2021-03-20 17:13:29 Coinbase Found Guilty of Engaging in Market Manipulation, Wash Trading and Rigging the General Crypto Markets

https://librehash.org/coinbase-found-guilty-of-engaging-in-market-manipulation-wash-trading-and-rigging-the-general-crypto-markets/ Open / Comment

2021-03-13 23:43:21 Bitcoin Target $70k Homies Open / Comment

2021-03-07 00:43:53 Here's the ratio of their hashrates.

Almost identical. That's pretty profound Open / Comment

2021-03-07 00:43:31 Price ratio of Bitcoin Cash : Bitcoin Core = 1.02% Open / Comment

2021-03-03 00:50:54 Not a "Believer" in Any of These Projects

Don't mistake anything written in here to mean that I am a "believer" in any projects.

I wholly disagree with Cardano's Ouroboros scheme + think that Polkadot has made a grave error in assuming a "Proof of Stake" blockchain structure over Proof of Work.

The difference however in my disagreement with those above two mentioned projects' implementations and those of other projects (like Arweave) is that the latter's proposal is simply not practical or possible in the way that they've described.

For Cardano & Polkadot, their proposals are more than possible. By that, I mean that they can definitely construct a protocol that functions in the way that they have described. Thus, my analysis and critique of those protocols is meta-analytical.

Contrasted with Arweave where they simply did not consider other critical facets of a p2p storage-based solution, which leads me to question the legitimacy of the project as a whole as well as the competence and intentions of the ones that designed it.

Projects Like Arweave Would've Blown Up in 2017

I'm sure that its gotten some attention, but don't expect to see that bullshit anywhere near the top 10 in its lifetime.

Investors are getting smarter.

Projects aren't going to be able to hustle the same bullshit project with grandiose claims like, "Unlimited storage that lasts forever", and just draw in a bunch of dopes dumb enough to take the project's word at face value because their website looks cool.

So if you're looking to see who the winners are, you need to start with projects that:

1. Have a comprehensive protocol design. An OG project like this would be 'LBRY'. Again, this is another one that I do not think will catch on, but LBRY is a legitimate construction. Their blockchain does everything that they say it does in their documentation. So they're not finessing or fleecing the general public. This is critical.

2. Have received VC funding from some of the top funds in this space. We're talking about Galaxy Digital, Andresen Horowitz, Coinbase Ventures, NGC Capital, Paradigm, et. al ; this is not always a surefire way of choosing projects, but it certain does help a whole hell of a lot. This is one of the main reasons for why I was mentioning 'The Graph' so much in the past.

3. Evaluate the ecosystem. Do they have a wealth of documentation. Is the content that they provide more substantive or is it more promotional? If its the latter, you might want to back the fuck out ASAP.

You Have Time

Was surprised to see so many people still trying to jump into private sales.

When you factor the R/R of IEOs & backroom OTC deals - its hard to justify putting one's self in harm's way. Especially when there's a chance to gain a shit ton of ROI from the time it gets listed on exchanges. Open / Comment

2021-03-03 00:50:54 Another Thing That Polkadot and Cardano Show Us

There's a shifting trend in the types of projects that are going to receive any funding from anyone in the future.

That's not just toward professionalism, but actual technical merit as well.

I've carved up countless projects in here for terrible ideas. Arweave is a recent, notable example of a project that looks like it was designed by a bunch of high schoolers for a group project.

Cardano's "Mary" Documentation Makes Sense

They forked the project recently to implement their 'Mary' upgrade.

I reviewed the documentation for how they plan on implementing multi-assets on the chain.

Their idea actually makes sense within the scope of blockchain. I was pleasantly surprised.

One of the main problems with Ethereum tokens is that they can be produced out of thin air with nothing more than the "gas cost" of the contract itself. However, with Cardano, they've made the intelligent decision to price peg these tokens to Cardano's native asset ($ADA), which means that generating a token and distributing it must be done with an associated amount of $ADA attached to it - which inherently imbues it with at least some sort of value.

Polkadot's Technical Merit

I've already shelled this out for you all in this chat. But before Polkadot launched as a project, I had a decent # of their Git Repos starred for my own personal research & experiments (toying around w diff blockchain solutions). Open / Comment

2021-03-03 00:26:34 JP Morgan Agrees With Me About Dumb Corporates

In that report, they state:

"It is, however, wrong to view all these institutional flows of last year as entirely driven by long-term investors. We believe that a significant component of last year's institutional flows into bitcoin reflect speculative investors seeking to front run other more real-money institutional investors."

"It is difficult not to be concerned about a buildup of institutional speculative long futures positions in bitcoin."

This is Why I Don't Care About People Getting Mad at What This Channel Writes

Some people got mad when I said Michael Saylor is an idiot.

I really don't care. He is one. And because I know he's one, I'm able to use that as another (accurate) data point in my analysis to determine what direction the markets are really headed in.

This is Why I'm Right - Often

I'm not a savant or a guru. I'm just someone that's entirely detached from all of this stuff going on that will take the time to calmly sit down, evaluate data and trends in front of me and actually read these reports published by investment banks like JP Morgan.

I don't like 'The Block', but I still read the content that they have that provides me with information that I would not otherwise know. I soak it all up like a sponge and then I come up with hypotheses and see if I can confirm those.

Then I publish that publicly.

You're free to leave and join another channel that's going to tell you what you want to hear. I can't compromise the accuracy of my content to appease to the lowest common denominator.

Thank you for your understanding. Open / Comment

2021-03-03 00:20:58 "There is little doubt that the institutional flow impulse into bitcoin is what distinguishes 2020 from 2017. And there is no better metric to capture this institutional impulse than the flow trajectory of the Grayscale BItcoin Trust [...] This is because many institutional investors are only allowed to prefer to invest in bitcoin in fund format for regulatory or other reasons. In fact, many of them are not even allowed to hold restricted shares of the Grayscale Bitcoin Trust via private placements given the 6-month lock up period, and are thus forced to pay a premium by buying these shares in the secondary market."

URL = https://www.tbstat.com/wp/uploads/2021/01/JPM_Flows__Liquidity_2021-01-04_3601705.pdf (JP Morgan report from January 2021) Open / Comment