May 19th from Hong Kong: I was in Hong Kong to Attend Martin Armstrong World Economic Conference (WEC). Bitcoin was hitting All Time Highs so here is the TL;DR for the week.
0:01:00 – Bitcoin Breaks $1,900 for a New All Time High: Bitcoin still has more life. This is just the beginning because the Shitcoins are in a Real Bubble. I also talk about why the transaction fees are kind of high. Calculating fees in Satoshi’s per byte means if a Shatoshi goes up in price by 5x, so do your fees.
0:35:00 – European Retail Giant Alza Accepts Bitcoin: These stories of Retails accepting Bitcoin is not doing any good right now. None of this does any good especially since Bitcoin is not yet ready for mass adoption due to scaling. We also need this bitcoin to move through the economy and not simply accepting it and instantly selling it for Fiat.
0:59:00 – Congress vs IRS Over Coinbase Reporting: I think this is a waste of time. The IRS has the right to this data just like they have the right to the data from my traditional trading account. I think fighting this is silly.
1:10:00 – DogeCoin Tipbot Takes the Money: Almost everyone takes the Bitcoin and Run, and those that don’t, wish they took the money and Ran.