Web 3.0 is turning out to be an absolute mess. Someone named otterooo (that’s all anyone knows about him) is on Twitter accusing a cryptocurrency exchange that operates in over 200 countries, KuCoin, of being insolvent. In response, the CEO is posting on the company blog his conversations with otterooo (translated from Mandarin) along with […]
A large number of young Americans believe there’s some elusive shortcut to wealth. The cause could be any number of reasons – Hollywood drivel that’s peddled as entertainment, the 15-second TikTok attention span, or today’s financial pundit touting ten stocks under $10 – whatever the cause might be, the snake oil salespeople of crypto have […]
Bitcoin miners are going to be up Schitt’s Creek without a paddle if the Web 3.0 community decides that conserving the electricity used to mine bitcoins is more important than the joys of decentralized finance. That’s the direction Ethereum 2.0 is going, so nothing says bitcoin couldn’t make the same move. It takes about $12,500 […]
Anybody who tells you money is the root of all evil doesn’t have any. That line was dropped by Ben Affleck in his iconic Boiler Room speech which epitomizes the alpha male drive for money which characterized investment banking environments at the time. Money may not buy happiness, but there’s a correlation between depression and […]
The SEC is not doing their job very well. Back in 2017, we wrote a popular piece titled Why Cannabis Science (CBIS) Should Scare You to Death which was met with a great number of threats and accusations from people who didn’t like the facts we presented and the red flags we raised. Shortly afterwards, […]
Irrational exuberance was a term coined by Alan Greenspan to describe “the psychological basis of a speculative bubble” where “news of price increases spurs investor enthusiasm, which spreads by psychological contagion.” He coined that term in the bathtub, and first used it publicly about three years before the dot-bomb crash. Bearing that in mind, take […]
Big news across the pond in Yankville for you Brits out there. A copy of the American Constitution was being auctioned off at Sotheby’s, and a group of attention seekers crypto thought leaders decided to pull together funds to buy it. That’s right. ConstitutionDAO crowdfunded upwards of 40 million USD (about 29.6 million quid) to […]
In today’s era of 140 characters or less, people think a single-sentence critique is a sufficient way to challenge someone else’s thesis. “Boy, that didn’t age well,” they’ll say. If they completely disagree with everything you said, you’ll get a similar intellectually lazy response. “You’re gaslighting everyone,” or the classic “okay boomer.” The latter happens […]
Investors should only invest in what they understand. If you invest in something you don’t fully comprehend, that’s more akin to speculating. Most people dabbling in cryptocurrency haven’t a clue about the intrinsic value of what they’re buying. For evidence of that, look no further than Dogecoin (DOGE), a cryptocurrency that started off as a […]
You’d be excused for not knowing much about El Salvador, the smallest country in Central America and the only one without a Caribbean coastline. Surfing is probably the most cited reason why El Salvador is on someone’s travel list, though the country has much more to offer than just breaks. Lately, El Salvador has been […]