👉 What Happened on Crypto Twitter at the End of December

Great Crypto Dramas of 2019, Halvening Speculation, Crypto YouTube Purge, and more

Jan 06, 2020

Hey everyone welcome back to Crypto Twitter TLDR, I’m Colin Goltra and here’s what happened on Crypto Twitter at the end of December.

Favorite Crypto Dramas in 2019 🥩🥊

@danhedl started a great thread reflecting on some of the best crypto dramas of 2019, including debacles by Justin Sun/Tron, legal bullshit and shenanigans by Craig Wright involving @hodlonaut, the Quadriga CX hack and mysterious Founder death, and - even more frightening - all the stuff that probably went on behind closed doors in the ecosystem.

Dan Hedl @danheld

What was your favorite crypto drama of 2019?

Alex Shin @AlexShin

@danheld That TRON dinner that never happened.

Carsten [Now➞₿ 🔑 ∎] @CarstenBKK

@danheld Delisting of #BSV as a consequence of the offering a bounty for doxxing @hodlonaut and the corresponding law suite. There is still hope, that the 'Crypto' community isn't just about selfish profit seeker but also has values worth to defend at a cost.

FlippinBitz @FlippinBitz

@danheld Quadriga CX, nothing even close! If it was written in a book of fiction, it would not be bought because its too silly.

Alena Satoshi @AlenaSatoshi

@danheld the one behind the scenes

Is the Halvening Priced In? 📈📉⁉️

As December came to an end, a lot of time was spent looking ahead to events on the horizon in 2020. Most notably, the 3rd Bitcoin halvening (halving) is currently projected to happen in May of 2020. Historically, the halvening events have corresponded with dramatic price increases as the unit economics change to adjust to the new stage of the supply issuance curve. In light of where the ecosystem is today versus the last halvening in 2016, notable Crypto Twitter personalities have weighed in on the potential for this upcoming halvening to serve as another price catalyst, or whether that potential price action is already priced in by the market.

Rhythm @Rhythmtrader

Bitcoin halvening progress: ▓▓▓▓▓▓▓▓▓▓▓▓▓▓░ 90% Bitcoin's inflation rate will be cut in half to 1.8%. Why is that important? It will become lower than that of central bank's 2% target inflation rate and even with gold's yearly supply rate increase.

Eric Wall IS RIGHT @ercwl

Opinion: the efficient-market hypothesis (EMH) *cannot* have priced in the halvening with any accuracy because no one has any idea what impact a reduction from 1800 to 900 BTC/day will have. EMH could have over- or underestimated the impact though!

Meltem Demirors @Melt_Dem

1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.

Meltem Demirors @Melt_Dem

5/ the more bitcoin becomes an investable asset, the more it’s price becomes decoupled from its value and its supply and demand. it becomes yet another backwater in the great game of global speculation. it becomes “financialized.” it becomes correlated to macro markets.

The Christmas Purge of Crypto YouTube ▶️👾🎄

As Christmas rolled around, many Crypto YouTube channels were shocked to find that Google had inexplicably suspended their YouTube accounts. This caused serious concerns from creators, calls to build a decentralized video platform, and theories about what Google’s motives might have been.

Brad Michelson @BradMichelson

The Crypto YouTube Purge of 2019

Alex Saunders @AlexSaundersAU

Hi @TeamYouTube with over 100 videos removed & 2 strikes in 24 hours I have still not even received an email from you. This is really scary. We've hired new staff. I have a wife & baby to support. I can't fix the problem if I don't know what I've done or who to communicate with!?

Muneeb @muneeb

When Google takes down crypto videos on YouTube, we respond by starting a decentralized YouTube. Not your keys, not your videos.

Kim Dotcom @KimDotcom

YouTube is now reinstating the videos of crypto influencers. This wasn’t an accident. YouTube & Google are in bed with the deep state. This attempt to silence the crypto community has failed. We are many and we made noise. Let this be a warning. Expect / prepare for more trouble.

Steven D. McKie @Steven_McKie

Google must have big plans for crypto in 2020. All these unjust suspensions must be preparation for something they’ve built in-house.

Crypto Culture 👏👏👏

Ending this one as we always do with random crypto tweets. Hit me with feedback on this week’s letter (@goltra), Happy New Decade Crypto Twitter - to the moon ┗(°0°)┛