Big Bank Musical Chairs: Examining Bitcoin Through A Lens Of Price Manipulation
Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.Part One: But This Is How We’ve Always Done Things …There is a great story floating around the web about a married couple and a ham (full story). In brief, the wife is preparing a ham for dinner and in doing so, cuts approximately 1 inch off of two sides of the ham and throws them away. The husband, visibly upset, proclaims, “That’s a waste of good ham!” When asked what the rationale was, the wife didn’t know, simply stating that this was the way that her mother had done it. Later, the wife....
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Kicking the can down the road, versus capturing pieces of immutable scarcity. This is the choice that bitcoin brings to the table.
The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications. Lens Protocol Is Live – Aave Founder Believes People Are ‘Ready for a Better Social Media Experience’ On Wednesday, the blockchain company Aave announced that the Lens Protocol is now live and roughly 50 applications have debuted on the platform. Aave first revealed the Lens....
Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet. Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol is a network which is used to build decentralized social media […]
Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi Chairs Crypto Meeting India’s Prime Minister Narendra Modi reportedly chaired a very comprehensive meeting on cryptocurrency and related matters Saturday. ANI News reported, citing government sources: Today’s meeting chaired by PM Narendra Modi on the way forward for cryptocurrency....
Bitcoin’s journey in gaining price, purchasing power and salability have been instrumental in its path to becoming money. The post The Emergence Of Bitcoin Through The Lens Of Austrian Economics appeared first on Bitcoin Magazine.