The Final Step in the P2P Revolution
The Battle to Preserve Peer-to-Peer Marketplaces
Click on the images in the newsletter to read the pieces cited.
This week, I published a piece on Ray Youssef, CEO of NoOnes, a peer-to-peer (P2P) marketplace that predominantly serves residents of the Global South.
While I initially planned to speak with Ray about how he planned to scale his business, we ended up having a much more philosophical discussion.
Ray shared his thoughts on how governments around the world are trying to stop online P2P marketplaces because they are the last step in cutting out the (mostly corporate Western) middle people.
He highlighted the fact that the US government made an example out of Ross Ulbricht, who got two life sentences for setting up and running a P2P marketplace on which people could use bitcoin to buy and sell goods, Silk Road. And he also touched on how the US government pressed charges against Changpeng Zhao (CZ), the former CEO of Binance, likely to stop him from running the world’s largest global marketplace (Binance), which happened to be a bitcoin/crypto marketplace.
Ray also discussed how no digital forms of fiat currencies can be used across borders in Africa, adding the the “financial apartheid” on the continent, before pointing out that Bitcoin fixes this.
I highly recommend you read the piece.
And if you’d like to learn more about Ray’s work, you can check out my previous interview with him:
Bitcoin Mining Companies Running on Renewables
You’ve probably read a lot in the mainstream media about how the Bitcoin network is bad for the environment because it uses to much energy.
What often doesn’t get reported, though, is that well over half of the Bitcoin network is powered by renewable energy at this point and that the amount of renewable energy used to power the network continues to rise.
This week, I published two articles on bitcoin mining companies that are using either 100% renewable energy or mostly renewable energy to mine bitcoin:
Feel free to bookmark these articles and share them with people who say things like “bUt BiTcIoN bOiLs ThE oCeAnS.”
And be sure to ask those same people how much non-renewable energy the global banking and financial systems use.
Gold and Silver Prices on the Rise
Gold and silver prices have been running this week. I’d been writing about both metals in the paid edition of my newsletter for weeks, saying that they were in accumulation zones.
They’re now leaving said zones and are in the early stages of their melt-up, in my opinion.
What’s a melt-up? Go back to this edition of the newsletter and watch the interview with David Hunter.
Note: Please don’t interpret this information as my telling you to buy gold or silver. This isn’t financial advice, nor is anything printed in this newsletter. Your financial decisions are yours and yours alone.
Reminder: I’ll Be Hosting a Free Event This Week
On Thursday, April 11, I’ll be hosting a panel at PubKey, located in Greenwich Village, NYC.
We’ll be discussing how Bitcoin is a tool for human rights activists and how if certain legislation is passed, it could put activists who use the network and asset in danger.
Click on the image below to RSVP.
Thank you for reading, and have a great week!
And I hope to see you on Thursday!
Best,
Frank
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