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DDCT #106 - 2/2/2022 (The NFT Ecosystem Is a Complete Disaster)
#Bitcoin #JackDorsey #NFT
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://www.marketwatch.com/story/bitcoin-owners-expect-a-rebound-to-55-000-in-six-months-study-finds-11643709870?mod=flipboard_markets
Bitcoin owners expect a rebound to $55,000 in six months, study finds
Bitcoin has lost about 45% of its value from its record high in November, but it didn’t dampen some retail investors’ interests, as they expect the price to bounce back and are “buying the dip,” a new study finds.
Roughly 21% of U.S. adults surveyed by data intelligence provider Morning Consult were considering buying bitcoin BTCUSD, -0.78% as of Jan. 24, when the cryptocurrency traded at as low as $32,983, according to a Tuesday report. The rate is unchanged from that at the beginning of November, when bitcoin climbed to its all-time high of $68,991, the report shows.
https://www.theverge.com/2021/12/21/22848162/jack-dorsey-web3-criticism-a16z-ownership-venture-capital-twitter
Jack Dorsey says VCs really own Web3 (and Web3 boosters are pretty mad about it)
“Habanero” Jack Dorsey did some spicy tweets last night.
The Twitter founder and Block CEO tweeted out some thoughts on crypto and “Web3” that managed to exasperate some of the idea’s biggest boosters. This wasn’t the kind of Web3 criticism we’ve seen time and again — Dorsey didn’t come at them with a “right-clicker mentality” or anything so trivial. Instead, Dorsey went for the metaphorical jugular: he said users don’t actually own Web3, which is a movement that prides itself on decentralization and community.
In reality, Dorsey said, it’s big venture capital firms like Andreessen Horowitz, which has dedicated more than $3 billion to investments in the space (and has made investments in several dozen crypto companies, including OpenSea and CryptoKitties / NBA Top Shot creator Dapper Labs), that will control these new web systems.
https://bitcoinist.com/bitcoin-bullish-signal-number-wallets-exceeds-40m/
Bitcoin Bullish Signal: Number Of Wallets With Non-Zero Balance Exceeds 40M
On-chain data shows the number of Bitcoin wallets with a non-zero balance has set a new all-time high above 40 million.
Number Of Bitcoin Wallets With Non-Zero Balance Hits New ATH
As per the latest weekly report from Glassnode, the number of BTC wallets that hold a non-zero amount of coins has now reached a new ATH of around 40.16 million.
https://www.coindesk.com/markets/2022/02/01/first-mover-asia-crypto-prices-rise-with-investors-appetite-for-risk/
First Mover Asia: Crypto Prices Rise With Investors' Appetite for Risk
Market moves: Bitcoin opened February higher; China’s crypto community remains active after all.
Technician's take: Sideways trading between $35K-$40K BTC could persist this week as long-term momentum fades.
Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.
https://www.vice.com/en/article/xgdvnd/the-nft-ecosystem-is-a-complete-disaster
The NFT Ecosystem Is a Complete Disaster
For the past year, as NFTs have breached spectacular and speculative heights, we’ve seen a growing amount of skepticism. The most recent wave was touched off by a 138-minute video essay by Canadian media critic Dan Olson that condemned NFTs and other blockchain-based technologies as fundamentally broken and unworkable. In just over a week, it’s garnered more than three million views on YouTube. Regardless of your perspective on the video, it’s hard to deny that there is a lot of bullshit percolating when it comes to NFTs. Even hardcore Bitcoiners agree. And despite what the loudest NFT boosters insist, the beatings have continued and morale has not improved.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
View all episodes
By Dave D#Bitcoin #JackDorsey #NFT
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://www.marketwatch.com/story/bitcoin-owners-expect-a-rebound-to-55-000-in-six-months-study-finds-11643709870?mod=flipboard_markets
Bitcoin owners expect a rebound to $55,000 in six months, study finds
Bitcoin has lost about 45% of its value from its record high in November, but it didn’t dampen some retail investors’ interests, as they expect the price to bounce back and are “buying the dip,” a new study finds.
Roughly 21% of U.S. adults surveyed by data intelligence provider Morning Consult were considering buying bitcoin BTCUSD, -0.78% as of Jan. 24, when the cryptocurrency traded at as low as $32,983, according to a Tuesday report. The rate is unchanged from that at the beginning of November, when bitcoin climbed to its all-time high of $68,991, the report shows.
https://www.theverge.com/2021/12/21/22848162/jack-dorsey-web3-criticism-a16z-ownership-venture-capital-twitter
Jack Dorsey says VCs really own Web3 (and Web3 boosters are pretty mad about it)
“Habanero” Jack Dorsey did some spicy tweets last night.
The Twitter founder and Block CEO tweeted out some thoughts on crypto and “Web3” that managed to exasperate some of the idea’s biggest boosters. This wasn’t the kind of Web3 criticism we’ve seen time and again — Dorsey didn’t come at them with a “right-clicker mentality” or anything so trivial. Instead, Dorsey went for the metaphorical jugular: he said users don’t actually own Web3, which is a movement that prides itself on decentralization and community.
In reality, Dorsey said, it’s big venture capital firms like Andreessen Horowitz, which has dedicated more than $3 billion to investments in the space (and has made investments in several dozen crypto companies, including OpenSea and CryptoKitties / NBA Top Shot creator Dapper Labs), that will control these new web systems.
https://bitcoinist.com/bitcoin-bullish-signal-number-wallets-exceeds-40m/
Bitcoin Bullish Signal: Number Of Wallets With Non-Zero Balance Exceeds 40M
On-chain data shows the number of Bitcoin wallets with a non-zero balance has set a new all-time high above 40 million.
Number Of Bitcoin Wallets With Non-Zero Balance Hits New ATH
As per the latest weekly report from Glassnode, the number of BTC wallets that hold a non-zero amount of coins has now reached a new ATH of around 40.16 million.
https://www.coindesk.com/markets/2022/02/01/first-mover-asia-crypto-prices-rise-with-investors-appetite-for-risk/
First Mover Asia: Crypto Prices Rise With Investors' Appetite for Risk
Market moves: Bitcoin opened February higher; China’s crypto community remains active after all.
Technician's take: Sideways trading between $35K-$40K BTC could persist this week as long-term momentum fades.
Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.
https://www.vice.com/en/article/xgdvnd/the-nft-ecosystem-is-a-complete-disaster
The NFT Ecosystem Is a Complete Disaster
For the past year, as NFTs have breached spectacular and speculative heights, we’ve seen a growing amount of skepticism. The most recent wave was touched off by a 138-minute video essay by Canadian media critic Dan Olson that condemned NFTs and other blockchain-based technologies as fundamentally broken and unworkable. In just over a week, it’s garnered more than three million views on YouTube. Regardless of your perspective on the video, it’s hard to deny that there is a lot of bullshit percolating when it comes to NFTs. Even hardcore Bitcoiners agree. And despite what the loudest NFT boosters insist, the beatings have continued and morale has not improved.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations