What’s up today? (Part 1)

I admit without torture, I did not… Wooow, this forum is so early on new stuff. July 2019! Thank you @happybeing, its like bringing info about coronavirus in December 2019. :smiley:

And I am 4 months late :smiley:

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Real Vision released yesterday a new free “crypto” specific section, interviews and analysis for those interested in a larger picture of the space.

[edit] Vitalik interview mentions MaidSafe briefly.

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In what context is MaidSafe mentioned?

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Trezor increased privacy by connection to TOR directly with latest update:
Look like nice introducing and use case for TOR.

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Really?! That’s pretty awesome. It would be great to clip that small section of video to share around. Anyone up for that? I might be able to over the weekend. If you happen to have a time stamp that would help.

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https://www.unlock-bc.com/news/2020-11-17/digital-assets-cryptocurrencies-and-wallets-now-legalized-in-uae

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Here is video of Vitalik mentioning Maidsafe briefly in his Real Vision interview. Please share.

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What’s up today with bitcoin … and some other fun thoughts:

"Rick Rieder, BlackRock’s CIO of Fixed Income, told CNBC on Friday that, “Bitcoin is here to stay.” While conceding that he is not a Bitcoin bull, Rieder said the flagship currency “will take the place of gold to a large extent [because] it is so more functional than passing a bar of gold around.”

Also this:

BTC appears to be supplanting gold as the value-hidy-hole-of-last-resort. What would BTC look like if we ignore central bank money printing, pretend the dollar is stable and only consider a move from gold to BTC?

Just some quick math:

Jewelry: 92,947 tonnes, 47.0%
Private investment: 42,619 tonnes, 21.6%
Official Holdings: 33,919 tonnes, 17.2%
Other: 28,090 tonnes, 14.2%
Below ground reserves: 54,000 tonnes

Let’s ignore Jewelry, below-ground, and ‘other’ as it’s not nearly as liquid … if it’s not liquid it’s not in play in the financial marketplace.

So we have:

Private investment: 42,619 tonnes, 21.6%
Official Holdings: 33,919 tonnes, 17.2%

total of which is: 76538 tonnes or 2,699,798,503 ounces

spot price of gold 20th of Nov. 2020: US$1871.

So hypothetical marketcap of gold is: US$5,051,322,999,000 about 5 Trillion USD.

Bitcoin is only at around a third of a Trillion today – One 15th the marketcap of gold.

Interesting possibilities here for BTC, and many other crypto projects IMO :wink:

References:

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One day (hopefully sooner rather than later) some company or government is going to drag a metal rich asteroid back to earth and gold will cost the same as copper does today. It’s only a matter of time. The only true store of value will likely be based on math or a utility token. Once you have infinite resources, scarcity isn’t really a thing anymore :slightly_smiling_face:

Do you know the difference between a natural diamond and an artificial diamond? Document of validity. If one company controls the large amount of gold / diamonds, their price can still be high …

Speaking of artificial diamonds:

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More likely will be mined on the spot and the refined metal will be shipped directly.

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I’m not going to argue this point, but will just say that IMO, human wants are unlimited, so scarcity will always be with us. What is considered scarce will change though. Perhaps in 100 years when we are mining the asteroid Psyche and building fleets of intersteller spacecraft, gold will be plentiful, but iron will be scarce! Who knows.

Basic astrophysics - see nucleosynthesis - tells us iron will not be scarce in this universe.

Relative to iron, gold will ALWAYS be scarce, no matter how efficient our asteroid mining becomes.

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Once you have infinite resources, you destroy everything around you.

Hardware switches for the modem, radio, mic, and cameras. User replaceable battery and it will drive a 30" monitor.
I’d love to see SafeNetwork running on a platform like this. I know we have to wait for the network. I can’t help but dream. :slight_smile:
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A real production Linux phone? Finally? This sounds amazing. Thanks for sharing. I’ve still got a neo freerunner in a drawer somewhere, for anyone that played with those back in the day…

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