coinspeak

20 years as an IT consultant. Escaped the rat race in 2015. Addicted to travel and tacos.

An Inconvenient Truth

Fear, Uncertainty and Doubt (FUD) surround new markets, assets and commodities. This is especially true for cryptocurrency. Empirical analysis can cut through FUD and blatant lies. One piece of information that stands out at the moment is this: In the three vertical columns we see BTC, BCH and BSV. These are the three SHA256 coins laying claim to being Bitcoin. …

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El Salvador Isn’t Using BTC

Let’s get some facts straight on the stories about El Salvador adopting BTC as legal tender. First, the average retail worker’s wage in El Salvador is ~$400/month. The average transaction fee on BTC is ~$5 and has recently spiked over $50. Given these facts how would a person making $400 / month use a system that has fees for a …

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Markets and Little Fluffy Clouds

In the post we’ll review trends and targets for BTC and ETH. BTC daily cloud below. There were several notable moments on this chart: when price broke below Kijun (red line) around 56k, when price closed inside cloud around 50k and finally when price went below cloud around 42k. All of those signals were tradable. Behind the paywall I’ll show …

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BTC CULT LIVE FROM MIAMI

The largest BTC conference in the world is happening this weekend. Day 1, June 4th, is available here: Let’s see how BTC Miami is going: BTC Miami is the new Fyre Festival. — Emin Gün Sirer (@el33th4xor) June 4, 2021 Oof, let’s check in on a keynote from Day 1, Max Keiser and Michael Saylor. where did we go wrong? …

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LAZER EYES MAKE SALTY TEARS

Nassim Nicholas Taleb is hitting BTC cucks between the eyes with two by fours of logic.   Taleb’s Twitter account is locked so let me summarize his replies to the angry BTC crowd with a picture. I don’t know what Taleb will say at the pro BSV Coingeek conference in June. But the fact he’s telling BTC cucks on twitter …

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Suck it BTC Snowflakes

The speaker list for the (BSV focused) Coingeek Conference June 8-10 has been updated. Looks who’s been added. Mr AntiFragile himself, Nassim Nicholas Taleb is now listed as a speaker at Coingeek. Predictably, Crypto Twitter has erupted in fury. It’s hilarious. Mr Taleb has been very critical of BTC for a long time. He’s recently been seen roasting small blockers …

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Paint By Numbers TA

I have a few indicators that I consider my gold standard. These indicators have proven to be reliable over long timeframes. They are slow moving and are never wrong for very long. Markets swooned fast and hard but zooming out gives us a better idea of what these large moves mean. Where are the current prices in relation to the …

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The Problem is Choice

The Matrix trilogy explores universal human themes of questioning authority and the hero’s journey to enlightenment. The protagonist starts out unaware he is trapped in a simulation to being fully aware of reality and a master of his own fate. The Matrix is an updated exploration of Plato’s Cave allegory. Let’s take a brief look at the main themes of …

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A Primer On Ethereum

Vitalik Buterin was a barely 21 year old contributor with Bitcoin Magazine when he approached BTC Core about ideas he had for computation on BTC. By this time BTC was under control of Blockstream who were not interested in Vitalik’s project so they blew him off. Vitalik took his ideas and created Ethereum because his project was hamstrung by the …

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Memes Are The New Money

Viral images/videos are, at their essence, data. Sometimes this data travels the world many times over to the point it becomes a part of a culture’s shared experience. Today there are few opportunities to monetize a meme or any form of unique data on the Internet without access to large centralized platforms like Instagram or YouTube. The “network effect” benefits …

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