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In this podcast, hosts Vikram Ramakrishnan and Faizaan Shamsi, partners at the software consultancy QuantLayer, talk to investors and builders of the cryptocurrency arena. We discuss how industry participants think about crypto assets, how they uncover fraud in the market, and which technologies will turn the budding, nascent crypto space into the revolutionary powerhouse early market participants had hoped for.

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  2. #22: Everything is Ded (Bitcoin, “Blockchain,” ICOs, Volatility) and Amazon Takes Over New York City

#22: Everything is Ded (Bitcoin, “Blockchain,” ICOs, Volatility) and Amazon Takes Over New York City

Nov 19, 2018

We review the latest proclamations of Bitcoin’s apparent demise: (1) Axios’s report that Corporate blockchain and bitcoin interest is waning; (2) Galaxy Digital dumping their ICO advisory business; and (3) volatility drying up forcing traders to look for alpha elsewhere. We also look at Amazon’s expansion into New York City, right into our backyard.

Topics:

  • Bitcoin is ded note
    - Blockchain is ded
    - ICO Advisory is ded
    - Volatility is ded
  • What Axios is
  • Galaxy digital
  • Who Galaxy is and what happened
  • What a high watermark is
  • How a reverse merger works
  • Types of shells that exist
  • What a Friday night news dump is
  • Amazon takes over New York City

Links:

Bitcoin Obituaries - https://99bitcoins.com/obituary-stats/
Bitcoin Obituary Generator - https://99bitcoins.com/bitcoin-obituary-generator/
Corporate America's blockchain and bitcoin fever is over - https://www.axios.com/corporate-america-blockchain-bitcoin-fervor-over-fb13bc5c-81fd-4c12-8a7b-07ad107817ca.html
Galaxy Digital Announces Strategic Operational and Organizational Changes - https://www.newswire.ca/news-releases/galaxy-digital-announces-strategic-operational-and-organizational-changes-700167182.html
Novogratz says BTC going to $20k again next year - https://app-alpha.quantlayer.com/dashboard/alert/44d49f15-5617-4a1b-82d9-2f279e2051d4?search=novogratz&searchType=default
Digital Ocean Versus Google Cloud, Polychain’s $1Bn Fund, a16z’s $300mm Fund, How to be a Shady Hedge Fund Manager, and 2nd Layer Solutions for Ethereum and Bitcoin - https://medium.com/@QuantLayer/digital-ocean-versus-google-cloud-polychains-1bn-fund-a16z-s-300mm-fund-how-to-be-a-shady-326bab0d29fd
Pitfalls of Reverse Mergers Into Public Shell Companies - https://www.clm.com/publication.cfm?ID=24
Galaxy Digital LP Management's Discussion and Analysis - https://assets.ctfassets.net/rbgwch8v5pod/1Zvd5REU0sq8KQwM6i2I6a/09b2b567a7224e9d5f5b2eba2aa322f8/Second_Quarter_2018_Management_s_Discussion___Analysis__Galaxy_Digital_LP_.pdf
Streisand effect - https://en.wikipedia.org/wiki/Streisand_effect
Bitcoin’s volatility is hitting its lowest level in two years, and it is forcing traders to shakeup their strategy - https://www.theblockcrypto.com/2018/11/13/bitcoins-volatility-is-hitting-its-lowest-level-in-two-years-and-it-is-forcing-traders-to-shakeup-their-strategy/
QuantLayer Crypto Podcast Episode 20 - http://quantlayer.libsyn.com/20-zrx-estc-a-tale-of-exchange-listing-pops-the-state-of-crypto-reporting-it-sucks-and-how-you-can-make-money-being-contrarian-and-how-monero-xmr-sliced-up-transaction-fees-with-bulletproofs
Amazon takes over NYC - https://d39w7f4ix9f5s9.cloudfront.net/4d/db/a54a9d6c4312bb171598d0b2134c/new-york-agreement.pdf
Bezos’ helipad comic - https://i.redd.it/7734crgsk6y11.jpg