The Wolf Den #384 - Is This What Progress Looks Like?
thewolfden.substack.com
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.Progress happens when bold innovators push boundaries. We are here today because one brave man (or woman, or group) took a risk and created a digital currency that he believed could change the world. We have seen countless trailblazers push the envelope in crypto, offering a catalyst for each major step forward. Michael Saylor is a perfect example - he sparked institutional interest in Bitcoin by adding it to the MicroStrategy balance sheet.All progress is not created equal, and sometimes we see a move in the wrong direction. Let’s look closely at what one innovative health care company is up to today.Ask The Doctor is a well-known Canadian healthcare company. They have drawn attention a number of times for what many critics considered daring stunts. In 1996, the company was the world’s first to answer a medical question online and accept a credit card payment. Not to my surprise, this decision was met with government backlash. Apparently, the doctor was even publicly called a “quack” (slang for healthcare fraud) for accepting the digital payment.In 2006, the company completed the world’s first telemedicine consultation and online Q&A service. It was a breakthrough in the medical industry, particularly for people needing healthcare that lacked access. The company once again received backlash in the form of a cease-and-desist letter from the Canadian Medical Association.In 2016, the company announced its acceptance of Bitcoin for medical consultations. Their reasoning was to improve privacy, particularly around sensitive medical concerns and payments. This too was met with criticism.Today, the company has taken an even deeper dive into the crypto world. Their breakthrough announcement this time was twofold: first is that $DOGE, $SHIBA, and $FLOKI will be accepted as alternative payment methods and second is that $1.5M worth of Shiba is being added to the company’s balance sheet, specifically as an investment.For the record, I fully support both the rights of individuals and companies to decide how they wish to spend their money. That said, this is not the direction of "progress" that I was expecting or hoping for.I don’t blame the company. They ran a poll and the meme groups showed up in the largest numbers. But at what point does the madness stop? And what are the real intentions? It’s hard to imagine that the motive was financial inclusion, privacy, and increased healthcare access.Meme coins are experiments at best - if you don’t believe me, take some time and read their white papers. They are fun assets created specifically for trading. But that’s not my main concern. This is a missed opportunity, and I fear that we are losing site of what truly matters. At the very least, we are not delivering that message to the mainstream.Ask The Doctor's investment can go wrong in many ways, drawing unnecessary scrutiny and criticism for the industry. I think we can all agree that we would have rather seen them just buy Bitcoin.We are here to change the world, not pander in memes and jokes. It's up to us to consider how our actions assist in moving us forward... or unintentionally pull us back. We are witnessing a financial revolution in real time. I would hate to see it fall short because of a meme.Enjoy your weekend! You can read the article that started this idea HERE.In This Issue:Is This What Progress Looks Like?Bitcoin Thoughts And AnalysisAltcoin ChartsTrade The GapBanks Are Exploring Bitcoin LoansMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #384 - Is This What Progress Looks Like?
The Wolf Den #384 - Is This What Progress…
The Wolf Den #384 - Is This What Progress Looks Like?
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.Progress happens when bold innovators push boundaries. We are here today because one brave man (or woman, or group) took a risk and created a digital currency that he believed could change the world. We have seen countless trailblazers push the envelope in crypto, offering a catalyst for each major step forward. Michael Saylor is a perfect example - he sparked institutional interest in Bitcoin by adding it to the MicroStrategy balance sheet.All progress is not created equal, and sometimes we see a move in the wrong direction. Let’s look closely at what one innovative health care company is up to today.Ask The Doctor is a well-known Canadian healthcare company. They have drawn attention a number of times for what many critics considered daring stunts. In 1996, the company was the world’s first to answer a medical question online and accept a credit card payment. Not to my surprise, this decision was met with government backlash. Apparently, the doctor was even publicly called a “quack” (slang for healthcare fraud) for accepting the digital payment.In 2006, the company completed the world’s first telemedicine consultation and online Q&A service. It was a breakthrough in the medical industry, particularly for people needing healthcare that lacked access. The company once again received backlash in the form of a cease-and-desist letter from the Canadian Medical Association.In 2016, the company announced its acceptance of Bitcoin for medical consultations. Their reasoning was to improve privacy, particularly around sensitive medical concerns and payments. This too was met with criticism.Today, the company has taken an even deeper dive into the crypto world. Their breakthrough announcement this time was twofold: first is that $DOGE, $SHIBA, and $FLOKI will be accepted as alternative payment methods and second is that $1.5M worth of Shiba is being added to the company’s balance sheet, specifically as an investment.For the record, I fully support both the rights of individuals and companies to decide how they wish to spend their money. That said, this is not the direction of "progress" that I was expecting or hoping for.I don’t blame the company. They ran a poll and the meme groups showed up in the largest numbers. But at what point does the madness stop? And what are the real intentions? It’s hard to imagine that the motive was financial inclusion, privacy, and increased healthcare access.Meme coins are experiments at best - if you don’t believe me, take some time and read their white papers. They are fun assets created specifically for trading. But that’s not my main concern. This is a missed opportunity, and I fear that we are losing site of what truly matters. At the very least, we are not delivering that message to the mainstream.Ask The Doctor's investment can go wrong in many ways, drawing unnecessary scrutiny and criticism for the industry. I think we can all agree that we would have rather seen them just buy Bitcoin.We are here to change the world, not pander in memes and jokes. It's up to us to consider how our actions assist in moving us forward... or unintentionally pull us back. We are witnessing a financial revolution in real time. I would hate to see it fall short because of a meme.Enjoy your weekend! You can read the article that started this idea HERE.In This Issue:Is This What Progress Looks Like?Bitcoin Thoughts And AnalysisAltcoin ChartsTrade The GapBanks Are Exploring Bitcoin LoansMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO