RyanTanaka

RyanTanaka

As of last year, the top 3 most well-known coins - Bitcoin, Ethereum, Dogecoin - have all become "predictable" in terms of its coin supply. BTC has always had a fixed supply cap, ETH has become aggressively deflationary after its EIP-1559 upgrade started "burning" its supply, and Dogecoin is technically "disinflationary" since the rate at which the protocol issues...

12:07

RyanTanaka

Following this week's inflation report and the much-anticipated "The Merge" on Ethereum's ecosystem, the crypto markets took a massive dip - in particular, ETH itself. This is the classic "buy the rumor, sell the news" pattern as the hype towards the merge date neared, then the massive-selloff right after. But not all coins were in the red - COSMOS (ATOM) did...

RyanTanaka

The much anticipated "merge" has happened on the Ethereum network as of last night - so far there doesn't seem to be any major shifts, although if you're an ETH holder you may have noticed a sharp drop-off in price as of this morning. (The market is down as a whole, but ETH took a bigger hit than most, as of today.) This pattern can be seen pretty often in the...

19:57

RyanTanaka

Lots of things happening in finance today. US inflation is at 8.3% (higher than expected with no end in sight), which tanked both crypto and the stock market at the same time. Goes to show that there's still a lot of overlap between the two right now. Also coming up is the much anticipated "merge" on Ethereum (going to happen some time this week, according to...

RyanTanaka

During recessionary economies, the money-classes that take the biggest hits are usually assets - stocks, real-estate, speculative assets, which, yes, also includes NFTs. As they say, during tough times, "cash is king". As we get deeper into it, we're going to see a big shift in the way people use and talk about their money. For crypto investors out there (or...

RyanTanaka

With inflation's end nowhere near in sight, the Federal Reserve this week announced more "tough times" ahead - indicating that they're likely to do more interest hikes for the rest of 2022. Inflation rates in the US right now sits around %8-10 - but since CPI reports exclude food and energy prices by design, the "real" inflation rate is likely a lot higher. Most...

18:40

RyanTanaka

So the reality of the NFT marketplace right now is that there is no way to technically enforce royalty payments for artists since it's up to the platform to decide to honor that or not. (Search the phrase online and you'll see that it's the talk of the industry right now - this includes the original artist for those monkey jpegs too, btw - she was left out of the...

17:19

RyanTanaka

The much anticipated (or dreaded if you're a miner) "merge" coming in Sep 19th will officially move the Ethereum ecosystem from proof-of-work to proof-of-stake. Justin Sun seems to see the opportunity for this event to sow some chaos within his competition by supporting ETHW and ETHS coins on the Poloniex exchanges as of this week. - ETHW and ETHS is similar to...

RyanTanaka

So if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.) The switch from proof-of-work to proof-of-stake should be an...

RyanTanaka

So if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.) The switch from proof-of-work to proof-of-stake should be an...

RyanTanaka

Both stocks and crypto markets have been down in most of 2022 (largely due to inflation, rising interest rates, and talks of an upcoming global recession), but in the last month we've seen a few interesting patterns emerge: - Proof-of-Storage coins, particularly Chia Coin (XCH) and STORJ (STORJ) have seen very favorable gains. - The two major crypto coins,...

RyanTanaka

Back from NFTNYC 2022 (was showcasing and promoting our new company there) and the biggest takeaway from the conference was the NFTs are here to stay, despite the downturn in the markets right now. But during this period of market consolidation there have been a few "spikes" among select alt-coins as people start to tighten up their wallets and look for projects...

19:43

RyanTanaka

Been writing a few long articles lately but the tl;dr of it is that now that interest rates are going up, the asset speculation market (real estate, stocks, venture capital, crypto/NFTs) is largely over and money will start to flow into financial products that provide more "reliable" returns - mainly interest rates. Given that the banks are dragging its feet in...

RyanTanaka

In response to the Federal Reserve increasing interest rates yet again, the markets - both in stocks and crypto (and housing soon to come) - have been dropping pretty hard lately. For crypto investors out there: this is the sound of mainstream money from the general public leaving the space - they came for the party, then left after the party was over. The craze...

19:26

RyanTanaka

News of record high inflation and the federal reserve's plan to increase interest rates this year has a lot of people worried that a recession (probably on a global scale) is coming this year. After over a decade of constant growth in the US stocks and real-estate markets, we're finally going to see the bubble pop. GDP is down, governments are broke, and I would...

RyanTanaka

The crypto market is in "free fall" today, as some of you may have heard. Decided to write something from the perspective of someone who's been through a few "crypto winters" over the last 8 years or so. mirror.xyz -- I feel like a million years old writing in this tone - though everyone in crypto knows that a week in this industry is equivalent to a year in...

19:56

RyanTanaka

This might be somewhat of a controversial take, but for a while I've been warning that Bitcoin's long-term prospects may be in trouble - a lot of it has to do with how the coin's community distanced itself from utility and business cases and leaned hard into the "store of value" idea during last year's hype. - The idea of "store of value" applies to all money and...

13:17

RyanTanaka Updated 

Ethereum holders were hoping for a big rally after this week's "merge" on ETH's primary test network, Ropsten, but so far the markets have been responsive. Coins that offer staking rewards, however, did fairly well this week as a whole - the two winners being Tezos (XTZ) and Chainlink (LINK) which saw big gains today and over the course of this week as a...