admin Posted September 30, 2021 Report Share Posted September 30, 2021 style="height: 100%;margin: 0;padding: 0;width: 100%;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;background-color: #FAFAFA;"> Enjoy the Latest Edition of Crypto Trader Digest - Silicon Sojourn A Message from Alexander Höptner, CEO of BitMEX Trying to explain the metaverse to just about any normal person is usually enough to make their eyes gloss over. That’s understandable, I suppose, if one thinks of the metaverse as a cartoonish video game or a place to speculate on cute NFTs. But if we zoom out, as Arthur does in this week’s Crypto Trader Digest, we find that to consider the metaverse is really to consider the human condition, and our need to socialise, flex, buy, and consume things in our world. In the tech world right now, debate is raging about censorship, fake news, and who has the power to decide what ‘truth’ is. In the next few years, that debate will also extend to the metaverse, Arthur reckons. The stakes will be high - so it’s more than worth your time to start thinking about the metaverse now. The choice is yours - red pill or blue pill? - Alex (@AlexHoeptner) From the Desk of Arthur Hayes Silicon Sojourn (Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Looking back on recorded human history, it becomes apparent how much luck played in the circumstances of our modern existence. Readers of this blog-- using internet-enabled devices,sitting in climate-controlled environments, and discussing the best way to allocate modern excess income-- are some of the luckiest humans on the planet. The most likely outcome of the ovarian lottery is starvation, slavery, mindless toil, and/or brutal combat. We don’t like to admit the role luck plays in our existence, because it directly conflicts with the notion of self-determined life outcomes. However, as modern citizens of various nation states, we strive to create level playing fields where individuals can achieve a life of plenty, regardless of their birth conditions. Some countries are more successful at this than others, but in general, things are admittedly a lot better than they used to be -- thanks in large part to our most effective field-leveling ideas spreading more easily through international travel and the web. Nation states have always been a collection of humans who share similar beliefs. A nation state is a squiggly line on a map with a founding story / myth to confer legitimacy on the ruling governing body. Those heretics who live amongst us are either tolerated, expelled, or slaughtered. The number of users or subjects contained in a nation state at a macro level determines the resources their governments can draw on. That is why governments pay great heed to demographics. The inclusive or extractive nature of a particular government determines its tolerance for the free movement of people. Because if your territory’s power rests on ideals that favour only a small fraction of society, and the switching costs are low enough, people leave. People move because of ideological issues they have with the dominant story or narrative, and/or due to a dearth of resources / opportunity. The pre-COVID affordability of global travel is an anomaly when viewed over the span of human history. It has not always been -- and in some places still isn’t -- a given that if you want to practice a certain religion or work in a certain industry, you can just purchase a budget airline ticket and restart your life multiple times. Click here to continue reading this edition of Crypto Trader Digest – Arthur Hayes, Co-Founder of BitMEX (@CryptoHayes) From BitMEX Research BitMEX 2021 Open Source Developer Grants BitMEX is delighted to announce that we have awarded two new open source Bitcoin developer grants to Rene Pickhardt and Chris Coverdale. The grant program for 2021 is now closed. Rene and Chris have each been provided with an eight month grant, US$33,333 of committed funding each, until May 2022. This is equivalent to a rate of US$50,000 per annum. This interim funding is designed to potentially help aspiring developers transition from employment or education to full time Bitcoin development. Latest Commentary from BitMEX Leverage is Not the Enemy The simple truth is this – leverage is useful for a range of trading strategies, both in the traditional markets and in the crypto markets. But there’s a key improvement in crypto markets that takes away significant downside to the trader – the nonexistence of near unlimited liability. This structural improvement is often ignored by critics, yet is the key to understanding how our markets differ. So let’s shake off our biases and talk about it. - Alexander Höptner, CEO of BitMEX Social Spotlight View this email in your browser No articles in this email should be copied or reproduced in whole or in part. The information contained does not constitute research or a recommendation. Neither HDR Global Trading Limited nor any of its affiliates make any representation or warranty as to the accuracy or completeness of the statements or any information contained in these articles and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. This is not providing any financial, economic, legal, accounting or tax advice or recommendations. In addition, the receipt of this email is not to be taken as constituting the giving of investment advice nor to constitute such person a client of the BitMEX trading platform. This email was sent to <<Email Address>> why did I get this? unsubscribe from this list update subscription preferences BitMEX · Suite 202, 2nd Floor, Eden Plaza · Eden Island · Mahe · Seychelles Quote Link to comment Share on other sites More sharing options...
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