Episode 163 – The Hubris of “The DAO”

Bitcoin block reward halves, again. Uber switches to Bitcoin in Argentina, Arcade City meets Austin, Texas. Dash spokesman criticizes bitcoin. Ethereum votes hardfork and the slock.it team displays arrogance and hubris. Treasuries and the Chinese market moves.

 

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Traditional Markets

Gold    $1365

Silver    $20.25

Oil    $45.12

DOW Jones    18,146

30Y UST    2.11%

 

Crypto Markets

BTC:  $643

LTC:  $4.00

ETH: $10.88

DASH:  $7.40

 

News

Bitcoin Halves (again)

A day later the hash rate is still strong.

 

Uber switches to Bitcoin in Argentina

http://cointelegraph.com/news/uber-switches-to-bitcoin-in-argentina-after-govt-blocks-uber-credit-cards

 

Dash spokesman slams bitcoin

https://www.cryptocoinsnews.com/dash-bitcoin-miner-rewards/

 

Ethereum Hardfork

https://www.cryptocoinsnews.com/ethereum-reaches-unanimous-agreement-hardfork/

 

Treasuries, Who’s buying?

China bought $13B in June while the IMF bought $10B

 

http://www.bloomberg.com/news/articles/2016-07-07/china-reserves-rise-on-valuation-as-brexit-boosts-haven-demand  (noise warning)

 

Chinese Buying Gold

http://seekingalpha.com/article/3987352-chinese-central-bank-gold-buying-back

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