Ethereum Rhapsody

Caught in a landslide, no escape from the reality of the bear market.

One of the Ethereum dev teams currently building the decentralized future wasn't looking for sympathy but did announce that they are poor.

Bismillah! Their prayers were answered by Vitalik Buterin the creator of Ethereum himself.

This sparked quite a reaction from Vitalik's followers who were apt to point out Vitalik's nickname... "Non-giver of Ether."

Thanks to the transparent nature of Ethereum, we can trace the transaction back to one of Vitalik's wallets and see a little silhouette of his presence on the network. YOLO!!

Perhaps most notable are his holdings in Maker, Kyber, and OMG. His Spank balance is near empty but he does have one digital kitten...

(Click on image to enlarge)

All jokes aside, the 1000 ETH sent were certainly not a giveaway at all. It was a strategic investment in the network to support the much-needed efforts to scale the Ethereum blockchain.

Let's hope the rhapsody pays off.

Today's Highlights

  • Carry on, Carry On
  • Galileo Figaro Magnifico
  • Face the Truth

Traditional Markets

Too late. The Fed's time has come. Monetary tightening sends shivers down my spine. The economy is aching all the time. Goodbye quantitative easing. ZIRP has got to go. Gotta leave the President and the markets behind and face the truth. 

Mama... this is the way the wind blows...

Today the US Federal Reserve is expected to raise their benchmark interest rate by 0.25%. Markets have been on edge since early October in anticipation of rising interest rates but at this point, it's simply too late to back down. Anything but a full delivery of what economists are expecting would project weakness. Certainly, they'd prefer to spare us from this monstrosity.

Now for some perspective here's a graph of the S&P500 over the last 50 years where each candle is three months. That last one was probably put aside by Beelzebub.

1 2
View single page >> |

Disclaimer: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.