The metaverse has been a hot topic these days, and in our recent podcast, Raoul Pal defined it as "digital mobility."So what exactly is it? Why is it so important? How will the metaverse emerge? How does it relate to the real world and our identity?And what is the role of Ethereum in this whole process? Emergence of the Metaverse:As the NFT mania has grown, so has the conversation around the "metaverse" where everyone talks about it but no one tries to meaningfully define it.This paper provides an actionable proposal for what the Metaverse actually is.The "metaverse" will be a combination of many different layers and technologies, but all components of the metaverse will adhere to a single shared source...
You know,there are a lot of CB rumors right now involving liquidity and potential bankruptcy. First, I have seen no credible report that indicates CB is about to go bankrupt. CB going bankrupt would be a huge setback for crypto and I have to imagine that if CB was in such serious trouble that they were about to go bankrupt there would be a significant number of wealthy people or groups that would be highly interested in buying enough shares of CB to take control of the company or to buy them out and take the company private again. Second, writing stories about CB maybe going bankrupt is a good way to get your article clicked online so I imagine...
For bitcoin to bottom here’s what the market wants to see — and it could mean a further 30% drop But That's not what we're talking about though. One bitcoin can equal many different values when you measure it in fiat. Just like gold, groceries, oil, etc. but by 2140 there will be 21 million btc. No more. Thats why 1 btc = 1 btc. However when it comes to USD or any other central bank issued fiat, they have been constantly printing it since its inception, and more importantly they will never stop. Some years they will print more fiat then others so the rate of devaluation will be higher then, but they will always be printing. $1 from the...
The investment world is not dominated by retail investors. It's dominated by institutions with mandates and heavy regulations. You and I may not perceive Bitcoin as a risk asset, but those institutional investors certainly do. When inflation is high and interest rates are high, institutional money managers go risk off. They sell off their risk assets to buy cash or cash flowing equity. We live in a world where cash is still king. Bitcoin only has 10 years of network effects. The dollar has about 60 years of network effect. It takes time for people to understand what kind of money Bitcoin is, especially when everyone only knows money as government debt that can be created at infinite. It took...
