TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. The unbelievably great podcast, The Missing Cryptoqueen, gets some love in the United Kingdom. Crypto YouTube influencers have an on-air meltdown. Coinbase CEO gets philosophical about people hating him, and Central Bank Digital Currencies are simply more of the same.
#9 Missing Cryptoqueen Nominated for Best British Podcast
The Missing Cryptoqueen podcast told the story in real-time about OneCoin’s charismatic founder, Dr. Ruja Ignatova, and her abrupt disappearance in late 2017. We were able to grab investigative journalist Jamie Bartlett of the BBC to take us behind the scenes during a CoinSpice Podcast episode, and he confessed to having no idea where his serial would end up. Intrigue. Fraud. Heartbreak. Loss. Hope. Aspiration. Lies. It is equal parts funny, sad, maddening, and a real mirror up to the cryptocurrency space
— Jamie Bartlett (@JamieJBartlett) May 19, 2020
The series simply blew up in popularity. As more crypto folks stumbled across it, still more regular listeners unfamiliar with our crazy ecosystem were compelled by Bartlett’s masterful narrative and true crime plot twists. He and partner Georgia Catt fused the mystery with a delve into the world of multi-level marketing hype, and discovered quite a bit of money, in the billions, was made by Ruja and OneCoin.
Where it all went, where she went, is still very much up for debate. Sleuths like Tim Tayshun (who we also interviewed) are still very much on the case, and indictments are regularly being handed down all over the world. In the meantime, The Missing Cryptoqueen has been nominated for a British Podcast Award and, last we heard, was also picked up as a possible multi-part television program.
#8 You Have to Watch This Clip — No Better Metaphor for Crypto Influencers
😂LMAO .. pic.twitter.com/OMCCJPGADK
— TheProfessor 🛸 (@Professor2234) May 12, 2020
#7 At Least Two People Have a Claim on the Very Same Asset
YES IT'S DOUBLE-COUNTING!!! @BullionStar uncovered this interesting disclosure about GLD in its 10-Q. Yes, #rehypothecation is double-counting of collateral–it means at least two people have a claim on the very same asset (!). #NotYourKeysNotYourCoins #NotYourBullionNotYourGold https://t.co/Wrgxj8Pp5o
— Caitlin Long 🔑 (@CaitlinLong_) May 12, 2020
#6 Be OK With People Hating You
You have to be ok with people hating you to do anything interesting it turns out. Nobody mentioned that growing up.
Figure out what you feel is right and go for it, regardless of what others think. The world is full of people who will criticize you, no matter what you do.
— Brian Armstrong (@brian_armstrong) May 13, 2020
#5 Not All Projects Censor Debate
Ask yourself why the Bitcoin community resorted to censorship, but the Bitcoin Cash community still supports free-speech. That alone should tell you which side has stronger arguments.#BitcoinCash
— Roger Ver (@rogerkver) May 14, 2020
#4 Lightning Losing Its Virtue Signal Luster
I've noticed that all the bitcoiners have removed the ⚡ from their Twitter names.
It was a good attempt 🙄
— Gregory (@gregthegreek) May 15, 2020
#3 Fees Just as Bad on ETH as on BTC
The transaction fees on ETH are just as bad as those on BTC right now.
Transacting in small amounts with reasonable time expectations is equally unrealistic on both chains.
For now, the majority of the world has been abandoned by the 2 most dominant cryptocurrencies.
— Chris Blec (@ChrisBlec) May 16, 2020
#2 Halving Will Lead to Insufficient Mining Output and Lower Industry Market Share
BTC can't compare to gold. Gold's system cost is nearly 0 due to chemical stability, but BTC requires high mining cost to maintain stability&security. Revenues depend on mined coins, not TXN fee. Halving will lead to insufficient mining output&lower mining industry market share.
— Haipo Yang (@yhaiyang) May 18, 2020
#1 Central Bank Digital Currencies are Same-Same
The bottom line on CBDCs is that they represent the same sort of "bargaining" (5 stages of grief) response to the disruption caused by truly decentralized cryptocurrencies…as the bargaining that retail and investment banks are doing with "blockchain" and permissioned DLT
— Andreas ☮ 🌈 ⚛ ⚖ 🌐 📡 📖 📹 🔑 🛩 (@aantonop) May 18, 2020
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DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.