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Hi everyone, it’s been so fast and another week has passed and the month is almost over. We meet again here at “Weekly Crypto Stories” and in this article I will share my personal perspective on some of the highlights of the past week.
Well, last night, Mr. Thuan and his friend Thien had a livestream commenting on the market as well as sharing with you some other information related to investment, the talk was really interesting. . If you haven’t seen it yet, click the link below:
If talking about the most prominent news of the past week, it is impossible not to mention that Facebook has changed its name to Meta and this is the main thing that Zuckerberg is preparing for his $ 900 billion social network to completely focus on. The next wave of the internet – Metaverse.
What does this mean?
Is it Web 2 has peaked.
And now we are in the era of cryptocurrencies.
This is a long story and needs a lot of evidence, unfortunately I am not a scholar to be able to share this with you. However, in this interview with Mark Zuckerberg about Metaverse on Strategyery, you will get a better idea of what Mark is thinking.
AND the second story I want to share with everyone is this:
and the controversy associated with it.
I have also shared with everyone about the story of inflation in previous posts. But there is the story of “Inflation” not “Hyperinflation” as Jack is above.
Obviously, with what the Internet has to offer, as well as freedom of speech, when you say something you will always get opinions from two sides: “Those who hate you” and “Those who like you”. . And here I will not talk about both groups of people, but about the group of neutral and really educated people, like:
Cathie Wood had a long string of opinions through Jack’s tweet, she meant 2008-2009… when inflation happened in assets, technology was a kind of natural deflation. As we are seeing in real time, this circle is real: 1) when tons of money are printed, 2) prices will go up, 3) for companies to survive, 4) they will have more robots/software to replace human labor, 5) prices both will go down, 6) unemployment goes up when humans are replaced by robots, 7) unemployment needs money/support, 8) prints tons of money… go back to step 2.
As you can see, the reason that prices don’t spike is because of technology. If you go back to 2008-2009, the new iPhone just gained traction. Instead of being forced to buy cameras, phones, text messaging packages, books, etc. You just put it all in your phone.
A short list of things you won’t need to buy when buying an iPhone/or any other smartphone: 1) maps, 2) camera, 3) HD video recorder, 4) voice recorder, 5) laptop, 6) wifi if you use unlimited data and many more. If you buy all of those items separately, which will cost you tons of money, you can instead do all of the above with just a $600 iPhone (no need for the latest generation). Piles of money -> $600 = massive deflation to offset the money printing machines.
At present, when everything or technology is relatively saturated, what happens when the cycle returns to step 2. And what will happen next if technology continues to become a kind of natural deflation? .
Will it be as Jack says or as Mark thinks or is it all just part of a bigger picture that we (ordinary people) cannot foresee.
***Looks like I’m thinking too much.
Next Week Events
Notable events for everyone next week:
October 31 – November 2: CryptoCon 2021 is a conference geared towards crypto and NFT education in North America. Come and learn from top crypto and NFT experts here.
November 1 – November 2: ICBTA 2021 is an international conference that aims to bring together leading scientists, researchers and academics to exchange and share their experiences and research results on all aspects of Technology. and Blockchain Applications.
November 2 – November 3: LA Blockchain Summit 2021 is the leading conference & exhibition focusing on blockchain investment, construction and adoption going mainstream. An exclusive, curated, high-impact, informative and thought-provoking event presented by some of the world’s leading innovators, change makers and leaders stand out in the blockchain ecosystem.
Below are notable news from the projects:
October 31: Alice: Halloween NFT Series on Binance
November 1st: Premi: Premia Mainnet v.2.0 Launch
November 1st: Peercoin: Hard Fork
11/2: COTI: Mainnet v.2.0
03/11: Zignaly: Wallet Launch
04/11: ICON: Mainnet v.2.0 Launch
These are the important information in the coming week, hope that the information I provide in this article will help everyone.
Hello everyone and have a great weekend.
By Dung Bui – CHK Team
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