Weekly Rundown - May 21, 2023

If it's gambling, then treat it as such

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Did you read or listen to my monthly issue? If not, tap the button below to do it now.

We spend a lot of time thinking about markets, prices, and narratives. This month’s issue steps away from that a bit and reflects on people and their reactions to crypto.

As far as markets, prices, and narratives go, make sure you caught my most recent update on bitcoin and ethereum.

You may be wondering why I don’t tweet much or post many YouTube videos.

Frankly, I’m not very good at it! Can you help me? Leave a comment below with questions you’d like me to answer or suggestions for what you’d like me to tweet about or post videos about.

Scroll down for some content you may enjoy.

Bottom line: some British lawmakers want to regulate crypto with the same rules as gambling.

My take: I like that idea. Throw in stocks, too. I don’t know how it is in the UK, but in the US most people depend on stocks to fund their retirements and many high-level corporate workers give up a higher salary in return for stock options. We should remind people that these are speculative investments. Use them or hold them? No problem. Once you start selling or trading them, treat them like the chips you cash out at a casino.

Why we care: it’s good to think outside the box.

Blockware Intelligence interviewed a mining CEO. Watch the video for one perspective on mining and insights into bitcoin’s energy quandary.

Sorry for interrupting your reading but I needed to let you know that I’m looking to finalize my next list of sponsors!

Put your brand in front of over 20,000+ active crypto investors by reaching out through the button below!

I’m a big fan of altcoins but never forget that bitcoin can do everything that altcoins aspire to do, it just requires more engineering.

Ordinals, for example, were not feasible until developers implemented Taproot for bitcoin.

Lightning Network (LN) is another example of this.

With LN, businesses and entrepreneurs can unlock a whole host of new applications. (Unlike ordinals, these applications will not clog bitcoin’s blockchain). But until the past year or two, LN didn’t have the capacity to handle a lot of usage. Now it can. As LN grows, its capacity will continue to grow.

Listen to a recent Business Bitcoinization podcast episode for examples of practical applications that are already getting real-world traction.

Jobs Corner

These jobs come from the ToolsForCrypto newsletter. Check them out!

If you’d like to post a vacancy here (for free), email [email protected]. And, if you’re looking to hire, connect with Recruit Rockstars for 50% off of their normal fee when you use my Recruit Rockstars referral link (I get a small reward when you do).

Relax and enjoy the ride!

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