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. FORMER PAID MEMBERS! WE WORKED OUT A WAY TO MANUALLY CANCEL ALL OF YOUR SUBSCRIPTIONS, SO YOU DON'T HAVE TO DO ANYTHING. WE HAVE ALSO MANUALLY RESUBSCRIBED ANY PAID MEMBERS THAT WERE FORCED TO UNSUBSCRIBE WHEN CANCELING. WE ARE GOOD TO GO. I CAN FINALLY SLEEP AGAIN.It is nearly impossible to predict what the landscape of crypto will look like in the future. Much of what we know now was a pipe dream even a year ago.We know that mainstream adoption of Bitcoin is likely, but the path to acceptance is largely unknown.Few guessed that El Salvador would adopt a Bitcoin Standard or that MicroStrategy would take the most daring Bitcoin bet in history.Today, I want to look at what’s known in crypto, unknown in crypto, and what’s an unknown unknown in crypto. While the last category may seem confusing, unknown unknowns are the future developments that are not even on our radar, that we can't plan for and that nobody is predicting.*For my philosophical folks, there are known unknowns and unknown knowns, but I decided to keep it simple*Here is an example of the three at work:We know Bitcoin exists and has a creator. It’s unknown who Satoshi is or if we ever will know his/her/their identity. An unknown unknown is the extent to which Satoshi is present today and influencing the market. This example works, but the unknown unknown isn't perfect. Let's look at a past illustration.Here is a better example:We know El Salvador has adopted a Bitcoin standard and plans to build a Bitcoin city. It’s unknown how many citizens and expats plan to move into the city. It was an unknown unknown that Bitcoin would be mined through a volcano in order to fund a city. Nobody would have ever conceived or guessed that mining would take place through geothermal vents back when the white paper was first published. It was completely off the radar, not even a consideration.Here is one last example:We know that Bitcoin is a peer-to-peer digital cash system. This information was contained in the white paper. It is unknown how exactly the world plans to utilize this technology moving forward. Will the Lightning Network go mainstream and micropayments become the norm? Will stablecoins backed by Bitcoin become everyday currency? Does Bitcoin replace metals and become 21st-century digital gold?These are all unknowns.Looking back to 2008, the unknown unknowns were the incredible ways that Bitcoin would change people's lives. Nobody would have ever guessed that a single mom in Uganda that makes jewelry would be able to buy food and diapers with Bitcoin. It was entirely an unknown unknown that truck drivers in Canada would rally around Bitcoin donations to fund their fight for freedom. Or that Bitcoin would symbolize hope for a nation under attack in need of supplies and support. Or that fleeing refugees would preserve their life savings and survive because they memorized a seed phrase. Looking back, it is easy to say that these developments were predictable. Hindsight is 20/20. But these use cases and the power of Bitcoin were hard to conceive of when it was barely a functioning idea. The narrative surrounding the asset is constantly evolving in ways that are hard to predict.As with any technology, the unknown unknowns slowly dwindle away as new discoveries are made and the tech advances.We know that Bitcoin brings people together and promotes freedom. How it will continue to do this in the future is largely unknown.The unknown unknowns are the world of possibilities that the asset will open in the future.In This Issue:The Knowns And UnknownsBitcoin Thoughts And AnalysisAltcoin ChartsMetal Seed PhrasesThe Future Is Bright - Must WatchExxon Mining Bitcoin With Excess GasRussia To Accept Bitcoin For Oil?Bank Leumi To Offer Crypto TradingXCOPY Sells 23M In NFTS... In Ten MinutesDigital Assets Bill, Coming Soon To A Country Near YouMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #465 - The Knowns And Unknowns
The Wolf Den #465 - The Knowns And Unknowns
The Wolf Den #465 - The Knowns And Unknowns
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. FORMER PAID MEMBERS! WE WORKED OUT A WAY TO MANUALLY CANCEL ALL OF YOUR SUBSCRIPTIONS, SO YOU DON'T HAVE TO DO ANYTHING. WE HAVE ALSO MANUALLY RESUBSCRIBED ANY PAID MEMBERS THAT WERE FORCED TO UNSUBSCRIBE WHEN CANCELING. WE ARE GOOD TO GO. I CAN FINALLY SLEEP AGAIN.It is nearly impossible to predict what the landscape of crypto will look like in the future. Much of what we know now was a pipe dream even a year ago.We know that mainstream adoption of Bitcoin is likely, but the path to acceptance is largely unknown.Few guessed that El Salvador would adopt a Bitcoin Standard or that MicroStrategy would take the most daring Bitcoin bet in history.Today, I want to look at what’s known in crypto, unknown in crypto, and what’s an unknown unknown in crypto. While the last category may seem confusing, unknown unknowns are the future developments that are not even on our radar, that we can't plan for and that nobody is predicting.*For my philosophical folks, there are known unknowns and unknown knowns, but I decided to keep it simple*Here is an example of the three at work:We know Bitcoin exists and has a creator. It’s unknown who Satoshi is or if we ever will know his/her/their identity. An unknown unknown is the extent to which Satoshi is present today and influencing the market. This example works, but the unknown unknown isn't perfect. Let's look at a past illustration.Here is a better example:We know El Salvador has adopted a Bitcoin standard and plans to build a Bitcoin city. It’s unknown how many citizens and expats plan to move into the city. It was an unknown unknown that Bitcoin would be mined through a volcano in order to fund a city. Nobody would have ever conceived or guessed that mining would take place through geothermal vents back when the white paper was first published. It was completely off the radar, not even a consideration.Here is one last example:We know that Bitcoin is a peer-to-peer digital cash system. This information was contained in the white paper. It is unknown how exactly the world plans to utilize this technology moving forward. Will the Lightning Network go mainstream and micropayments become the norm? Will stablecoins backed by Bitcoin become everyday currency? Does Bitcoin replace metals and become 21st-century digital gold?These are all unknowns.Looking back to 2008, the unknown unknowns were the incredible ways that Bitcoin would change people's lives. Nobody would have ever guessed that a single mom in Uganda that makes jewelry would be able to buy food and diapers with Bitcoin. It was entirely an unknown unknown that truck drivers in Canada would rally around Bitcoin donations to fund their fight for freedom. Or that Bitcoin would symbolize hope for a nation under attack in need of supplies and support. Or that fleeing refugees would preserve their life savings and survive because they memorized a seed phrase. Looking back, it is easy to say that these developments were predictable. Hindsight is 20/20. But these use cases and the power of Bitcoin were hard to conceive of when it was barely a functioning idea. The narrative surrounding the asset is constantly evolving in ways that are hard to predict.As with any technology, the unknown unknowns slowly dwindle away as new discoveries are made and the tech advances.We know that Bitcoin brings people together and promotes freedom. How it will continue to do this in the future is largely unknown.The unknown unknowns are the world of possibilities that the asset will open in the future.In This Issue:The Knowns And UnknownsBitcoin Thoughts And AnalysisAltcoin ChartsMetal Seed PhrasesThe Future Is Bright - Must WatchExxon Mining Bitcoin With Excess GasRussia To Accept Bitcoin For Oil?Bank Leumi To Offer Crypto TradingXCOPY Sells 23M In NFTS... In Ten MinutesDigital Assets Bill, Coming Soon To A Country Near YouMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO