LibreCharts

2021-03-03 00:13:43 Huh? What does this mean?

Is Grayscale buoying the price of Bitcoin with their sales? Because we've been led to believe that their closed-ended fund has only received additional investment by demand (or does this mean that they're receiving a consistent avg. of at least $100 million in institutional demand?)

https://cointelegraph.com/news/grayscale-ceo-outlines-6-themes-that-will-shape-crypto-market-in-2021

This is another vector / metric that should be watched closely if you want to anticipate whenever the end of this bull run is going to come Open / Comment

2021-03-02 20:48:05 Read “The Block” newsfeed for institutional news. They are the best source for that.

I don’t like them on a personal level, but you need to use them as a reference. Open / Comment

2021-03-02 08:59:26 One quick look at the above figure is all that's needed to see that the growth of USDT has exploded exponentially in comparison to the other two synthetic derivative assets (WBTC and USDC). Curiously, it does appear that USDC has experienced a considerable… Open / Comment

2021-03-02 08:58:41 One quick look at the above figure is all that's needed to see that the growth of USDT has exploded exponentially in comparison to the other two synthetic derivative assets (WBTC and USDC).

Curiously, it does appear that USDC has experienced a considerable uptick in issuances over the past year or so.

The management of this asset is publicly tied to Grayscale since its parent company (Digital Currency Group) was one of Coinbase exchange’s original seed investors and USDC was launched as a joint venture by Coinbase and Circle.

The Value of Ethereum is Not Equivalent to its Value as an Ecosystem

The report notes that 'Ether' (name for an individual unit of Ethereum) is technically not necessary to fulfill its mandated purpose within the Ethereum ecosystem (payment for 'gas' needed to complete the computational execution of a requested transaction). Open / Comment

2021-03-02 08:57:12 Growth of Stablecoins and WBTC on Ethereum

Grayscale did us the favor of illustrating this growth over the past two years (dating back to Nov. 2018) via the following figure Open / Comment

2021-03-02 08:56:45 The figure above (from the report) shows Ethereum's valuation as a percentage of the 5 different assets / indices selected for comparison (BTC Value, '10% of Gold's Value', 'Global Gold Value', 'Global M1 Money', and 'Global M2 Money').

This section of the report punctuates its postulations with the following observation:

"Ether's use as collateral within the decentralized finance ecosystem continues to broaden. However, an uptick in the use of stablecoins (digital currencies pegged primarily to USD) and Bitcoin as collateral on Ethereum, may be challenging Ether's position as the ecosystem's preferred collateral" [this is a curious observation by GBTC! typically this space likes to steer clear of any revelations that may remind investors of the menacing, uncertain regulatory future for USDT and its cousins in the cryptocurrency sphere] Open / Comment

2021-03-02 08:56:41 Evaluating Ether as ‘Money’

Curiously, the report provides credible arguments against considering Ethereum to be 'money' in a traditional sense (ignoring the irony here that these projects are classified as 'crypto**currencies**') Open / Comment

2021-03-02 08:56:06 Its worth noting that, at the time of writing, BItcoin has consistently settled over $25 billion worth of transactions daily since the beginning of this year (2021)

source = https://bitinfocharts.com/comparison/bitcoin-sentinusd.html Open / Comment

2021-03-02 08:55:53 The report unfortunately goes on to reiterate many of the false narratives about blockchain (Bitcoin, in particular), that have been spread as a means of shifting the general public's expectations for how they should be used.

Specificially, it states:

"Etheruem and Bitcoin enjoy a symbiotic relationship, drawing liquidity, mindshare, and value from the outside world. Bitcoin is the preferred store of value in the digital ecosystem, whereas Ethereum has emerged as the leading financial infrastructure, settling over $12 billion of daily transactions." Open / Comment

2021-03-02 08:55:35 1. Bitcoin is not 'hardened', nor is it 'inflexible'. In fact, one of the characteristics of the project that Satoshi Nakamoto touted in his initial e-mail to the Metzdowd mailing list introducing Bitcoin. Specifically, [he stated that the, 'The network itself requires minimal structure'](https://satoshi.nakamotoinstitute.org/emails/cryptography/1/) to emphasize that it was built to be flexible by design. This is also evidenced via the existence of 'op codes', which affords users an infinite number of configurations to augment the management of their funds.

2. Ethereum's best known innovation - smart contracts - have been both a gift and a curse for end users in the crypto space since the project's inception. As it relates to the 'curse' part, many of the issues surrounding the construction of smart contracts stem from the fact that they are immutable by design. As a result, smart contract compromise / exploitation is an ordinary, frequently occurring event that end users have been forced to accept as an inevitable drawback of using Ethereum

3. Saying that the protocol cultivates an "environment of innovation and iteration" is outright lazy. Pure fluff (did they have a minimum word count they needed to meet?) Open / Comment