#21 - Money supply expanded the most since march
6 hour autopilot FSD drive from Los Angeles to Silicon with 0 human driving and Bitcoin FUD
Markets
Just saying…
Tech
Tesla Autopilot FSD Beta drives from Los Angeles to Silicon
Started at SpaceX headquarters in Los Angeles (Hawthorne) and made one charging stop in Kettleman City before arriving in San Jose. Absolutely 0 human driving for the entire 6 hour trip. Only thing the driver had to do was charge the car –– about 1 minute and 15 seconds of human control over a 6 hour drive.
In the video below you can watch the whole trip in high speed - the audio included is taken from Tesla autonomy day where Elon Musk explains the vision of “robotaxis” and autonomous driving in the future and much more.
Bitcoin
There was no shortage of Bitcoin FUD this past week which likely had an impact on the price action - at least one company sold their entire position!
Bitcoin.org, BitcoinCore.org and later on Square received allegations of copyright infringement by hosting the white paper on their sites. The letter comes from none other than Craig Wright, whose lawyers are quoted stating in the letter that Wright "owns the copyright to the paper, the Bitcoin name, and ownership of bitcoin.org." In addition, the owners of both sites were asked to take down the white paper in order to avoid further legal action.
As a response to that from the community the Bitcoin white paper can now be read and downloaded at various new destinations, as dozens of companies and individuals have made the the document available on their websites within just 24 hours including MicroStrategy, Square Crypto, SkyBridge Capital, Fidelity Digital Assets, Blockstream, Coin Center, Chaincode Labs, Facebook’s Novi, Paradigm and Casa.
“Wright might be able to abuse the legal system to take a copy down, or even to take down bitcoincore.org entirely (maybe even bitcoin.org entirely). And what effect would that have on Bitcoin? NONE. No effect at all. What effect would it have on the availability of the whitepaper? If anything it would make it more available. But even if he managed to get the whitepaper taken off every site-- a total impossibility-- what would that do to Bitcoin? Still nothing”
- Gregory Maxwell, January 21st, 2021
False Bitcoin double spend claim was spread by reckless media coverage. Bitcoin recovers from a sudden dive below $30,000 after an inaccurate interpretation of a routine event snowballed into claims that the entire Bitcoin blockchain had been compromised.
tl;dr - nothing unusual for bitcoin and it is not broken - more in the video below
Headlines
Former Canadian prime minister names Bitcoin as possible reserve currency
Man who ‘binned £200m in Bitcoin hard drive’ offers 25% to search landfill site
Why everyone from Square to Facebook is now hosting the Bitcoin White Paper
Institutional investors predict bitcoin will reach $115,000 to $400,000
The 2nd Global Bitcoin meet-up was published this week:
Tweets
This newsletter is for informational purposes only. Individuals and entities should not construe any such information as legal, tax, investment, financial, accounting or other advice. Nothing contained in this newsletter constitutes a recommendation or endorsement by the author to buy or sell bitcoin, cryptocurrencies, music rights or other financial instruments. #DYOR
Don’t trust. Verify.
À Bientôt