The Bitcoin Bible, Blockchain's Integral Role in Civilization and Explaining Bitcoin to Your Mom
With the Thanksgiving holiday upon us, we wanted to provide you with some knowledge and conversation starters in case you and your family wanted to talk about the hottest topic of the year. In no particular order, we have compiled some of the most important, informative and entertaining stories on blockchain, cryptocurrencies and security tokens. Grab a plate of turkey, get the attention of your family members and dive into one of the most perplexing yet important issues impacting the economy today.
A 7,000 Year History of Trust with MIT's Michael Casey
June 11, 2018
"To the average scholar, the idea of record keeping may not stir the imagination like the great conquests and cataclysms of the ages, but according to MIT’s MIchael Casey, record keeping and the trust it begets have played a foundational role in the development of civilization. The subject makes up the crux of his newly published, roundly lauded book The Truth Machine, written in collaboration with journalist Paul Vigna, which places blockchain in a context of record keeping and institutionalized trust that goes back almost 7,000 years."
+ Centralized record keeping has played an integral role in civilization and Michael Casey believes blockchain represents a profoud leap forward.
Bitcoin: What Is It and How Does It work?
Late Night with Seth Meyers (VIDEO)
December 22, 2017
+ This video is great for your mom that plays mah jong with her friends.
Maybe We Want Financial Regulation
Jeffrey Tucker – Fortune
November 3, 2018
"In the early days of bitcoin, I was explaining the technology to economist Edward Stringham. This new market based money allows individuals to exchange peer-to-peer without financial intermediation, I said. All transactions are finally settled, regardless of geographic proximity, with no previous trust relationships, with zero access to financial institutions."
+ There is a difference between forced intermediation and voluntary intermediation. Jeffrey Tucker points out we aren’t seeking universal disintermediation, rather we want competition and choice.
Regulators are Catching up with the Crypto Boom
Julie Myers Wood – Forbes
September 27, 2018
"Say goodbye to the under-regulated era of cryptocurrency. While crypto trading on the more mainstream exchanges is fueling the market, it's also bringing greater scrutiny from regulators, as shown by the recent report by the New York State Attorney General's Office (OAG) on crypto exchange abuse, and the Financial Action Task Force (FATF) announcements about upcoming crypto standards, and warnings to investors."
+ For your skeptical uncle, Crypto won’t be the Wild Wild West for much longer.
A Crypto Traders Guide to Staying Safe While Trading
Mike Genna – Blokt
August 15, 2017
"It's no secret that trading cryptocurrency can be dangerous. Without regulatory authority, skilled criminals and sleuths have been successful at shutting down servers and stealing millions of dollars worth of altcoins. I say altcoins because bitcoin is not always stolen, in fact, it is almost never the coin victim to robbery."
+ Stay safe, carry mace.
Daniel P Collins - Futures Magazine
June 29, 2018
"The creation of bitcoin a few years ago has led to an explosion of cryptocurrencies of various types and with various purposes. While bitcoin itself was initially viewed as a currency capable of being used as a frictionless way of transacting business across borders, the onset of the broader cryptocurrency spaces – there are well over 2000 individual cryptocurrencies is less clear."
+ Our own Chris Hehmeyer was tapped to talk about crypto as a commodity and how to leverage the volatility in this growing market.
Bitcoin: A Peer to Peer Electronic Cash System
"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model."
+ The Bitcoin Bible. Read this out loud after everyone has finished dessert.
Should Blockchain Tokens Be Regulated
Timothy McDonald – Medium
May 12, 2018
"The Blockchain investment community often speaks breathlessly about the impending wall of institutional capital coming into the sector lifting all boats. The market prices of the large-cap crypto names, and primary FIAT on-ramps, bitcoin and ethereum, experience large swings based on the latest news coming out of the institutional markets. And as goes the large-cap names, so goes the rest of the crypto token complex as investors roll profits down the proverbial cap structure to get exposure to high risk names."
+ This is the case for how regulated futures tokens provide the platform to fund new growth opportunities on Wall Street.
A Slew of Wall Street Giants are Getting Behind an Upstart Exchange Looking to Launch a Suite of Crypto Futures, and Could Be A Big Rival to Bakkt
Frank Chaparro - The Block Crypto
October 4, 2018
"Brokerage giant TD Ameritrade, a slew of high-speed traders, and a long list of Wall Street firms are getting behind a brand new market for crypto called ErisX, the firm announced Wednesday. The venture, which is being led by trading veteran Thomas Chippas, would provide a place for individuals and institutions to trade cryptocurrencies and derivatives tied to digital assets, according to a news release put out by the firm."
+ CME and CBOE Global Markets aren’t the only traditional exchanges getting into this space.
Morgan Stanley Report Says Crypto is a New Institutional Asset Class
Nikhilesh De – CoinDesk
November 1, 2018
"Institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies - while the number of retail investors in the space is staying stagnat - according to a new report by Morgan Stanley."
+ For your younger sister that is looking for a few extra bucks and hasn’t heard of “digital cash.”
We hope that you have enjoyed our list of crypto headlines and want to thank you for being a dedicated reader of the Hehmeyer Trading + Investments blog. We wish you a happy Thanksgiving and look forward to continuing to bring you entertaining, informative and original content again next week.