Pi Day Links!
Pi is a concept in Mathematics. Pie, however, is the collaboration and partnership of a doughy flakey crust with a gooey and delicious filling. And while some may choose to honor the almighty 3.14 today, I instead will focus on other partnerships that are as good as pie. For example:
Bithumb announced today that they will partner with BitPay to facilitate what they expect will be a 200 billion dollar business of money transfers between South Korea and the rest of the world. Instead of high forex fees, wire costs and multi-day transfers. BitPay expects that crypto remittances could cost as low as 1% and take less than a day. That’s almost as good as an apple pie.
Now, being located in New York, I’m pretty familiar with 18" pizza pies. That’s a big pie. While I’m open to debating for hours whether or not pizza could or should even be considered a pie (@uncrypt_vlad is my twitter if you’d like to hash it out), let’s just stick with the premise that 18" inches is a BIG pie. And you know what’s a BIG partnership? Barclays and Coinbase. A crypto giant meets a finance giant, both in the U.K., and it would seem, big finance dipping a second big toe into the water of crypto.
I’m not super into lemon meringue pie. It leaves a bad taste in my mouth. Just as today’s U.S. House Subcommittee hearing on cryptocurrencies did to me as well. This one didn’t leave me as hopeful as the previous Senate committee hearing did. Here’s a link so you can rewatch and see for yourself. Again, please share your thoughts with me about it @uncrypt_Vlad on Twitter and also Will O’Leary.
And finally, I’m posting this link because I have to. It’s extremely relevant news that Google is banning ICO and crypto ads. You know what? Fine. Good. Not all crypto projects are pump and dumps, but I suppose cutting off the ability to even advertise such a scheme is a good thing. Actually, come to think of it, seeing an ad for a cryptocurrency and counting that as doing your own research is pretty weak. Still though, I’m annoyed about two things. 1: Stop acting like this is the catalyst for the market being down today. Nothing has changed fundamentally from this. 2: Can we please stop throwing the baby out with the bathwater in terms of choking off scammy ICOs and pump and dumps? Let the good projects advertise to get the word out, and have their banners link directly to their white papers. C’mon Google, you have the capacity to vet these things. No Pie theme to this one.
