Should The Halving Be Called 'Quantitative Hardening?'
Plus digital dollar skepticism and DeFi comes to bitcoin
Happy Thursday, Blockfolians
The Lede
Bitcoin briefly topped $7,000 today. Unfortunately it retraced quickly enough that it didn’t get to be our lead. Nonetheless, here’s a cool conversation we spotted.
Many have pointed out that there really couldn’t be a better advertisement for bitcoin than the halving happening at the same time that quantitative easing takes hold around the world. Today, however, the idea of making that contrast direct by calling the halving “quantitative hardening” or “quantitative tightening” picked up some serious steam.
With the right media support - it just might happen. No matter what, the contrast couldn’t be clearer.
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Highly Relevant Reading
CZ and Binance have confirmed their acquisition of CoinMarketCap. Juggernaut time.
The next version of Augur’s permissionless prediction market is set to launch in June.
tZERO faced further delays as the SEC has extended its deadline for clearing the company’s proposed security token exchange.
The Financial Action Task Force (FATF) has said that the US is mostly in compliance with AML/KYC directives around digital assets
Community Commentary
Think that the new interest of the US government in digital dollars is good for crypto? Think again, says CoinShares Meltem Demirors
The US Dollar has been the strongest asset in the world as the Coronavirus pandemic spreads economic havoc, but some are looking to what the long term implications of that may be
A Really Big Number We Should Be Paying Attention To
6,648,000
That’s the number of jobless claims this week, making nearly 10 million in the last two weeks. The previous one week high was ~685,000. There is a lot of pain out there, and unfortunately, likely a whole lot more to come. Be good to each other.
A Bonus Bonus Big Number
$5,860,000,000,000
Final Thought
Is DeFi coming to bitcoin?