📺 ROLLUP: SHIB | WorldCoin | Twitter, Reddit, Disney NFT Platform | Facebook Meta
4th Week of October, 2021
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📺 ROLLUP: 4th Week of October
October 29, 2021
Market
Releases
News
Takes
Positive Feedback Loop
More PoS validators ➡️ More shards providing data More data from shards ➡️ significantly more data available on rollups faster / cheaper rollups ➡️ more net economic activity more net economic activity ➡️ more fees for PoS validators more fees for validators➡️more validators
Unconstitutional Fed
By creating many trillions of new dollars out-of-thin-air, The Fed set in motion an economic disaster. The warnings are over. Inflation is now here. Every excuse will be offered up as "the reason" for economic pain. Don't be deceived. The unconstitutional Fed is the reason.
Hyperinflation
Why Fiat Worked
Fiat only works because no one knows how fiat really works. This was fine for decades. Then crypto came. Crypto pays people to learn how money works. It's gamified economics. And when a new generation learns how money really works do you think they'll hold crypto or fiat?
Unrealized Gains Tax
Stocks are worth $100 Print a lot of money, stocks are now worth $200 Tax the unrealized gain of $100 Rinse, repeat
Facebook Whistleblower
The Facebook whistleblower says she doesn’t need financial support because she bought “crypto at the right time.” She is in Puerto Rico in part to join her crypto friends, who are there seeking a tax shelter. Now I’m entertained.
Owning NFTs
MEME OF THE WEEK
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.
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