Happy Wednesday, Blockfolians
Imagine a Senate candidate who bought their first bitcoin in 2013 at $320.
Imagine them saying: “I’ve watched the fundamentals of bitcoin play out…That scarcity, which under economic theory should store value, has done so.”
Imagine them pointing to cattle and saying: ““Each of those cattle [have] decreased by over $400 a piece because of coronavirus. We need stores of value that are decoupled from the economy.”
Well, you don’t have to imagine, because that’s Cynthia Lummis, a former Congresswoman from Wyoming who has just beat out 9 Republican primary candidates to advance to the general election in a solidly Republican district.
As CoinDesk puts it: “Should Lummis win, she may become one of the most crypto-friendly lawmakers in the legislative body.”
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Highly Relevant Reading
Tether has gone live on OMG to help reduce Ethereum congestion
Apparently, a dispute is brewing between Protocol Labs and Filecoin token investors
The owner and operator of BitMEX has invested $1.5m into a Vietnamese crypto exchange
Chainlink is providing data for this insurance startup
A Russian bank has just provided the country’s first crypto-backed loan, backed by Wavves
This more or less sums up some parts of crypto Twitter
A Really Big Number We Should Be Paying Attention To
That’s how much investors have poured into a memecoin - Spaghetti Money - inspired by YAM just hours after launching
I think my brain just melted.