THURSDAY

February 1st, 2018

THE CRYPTO NEWS WEEKLY

written and edited by @godo

Culture

Radio on the television

The Grammy Awards is a yearly award ceremony for English language musicians in America. Media barriers and standards are smashed every year at the Grammys, we often have to listen to television on the radio but on Grammy night the reverse of this is true for television viewers, this year many people did not tune in to the spectacle.

Sunday night's broadcast pulled in a 5.9 rating in the 18-49 age range. The 2018 Grammys suffered a 24% drop in viewers compared to last year, and a 5.9 rating viewers from adults aged 18-49 — an all-time low for the crucial demographic, according to The Hollywood Reporter.

On the night of the Grammys it is alleged that Quavo a musician from the group Migos assulted a producer known as Eric the Jeweler and took his gold chain that he was wearing that night pictured below.

The alleged victim, Eric the Jeweler, reported the incident to NYPD on Tuesday ... according to law enforcement sources. We're told Eric and Migos were in the club early Monday morning -- around 4:30 AM -- when smack talk over money Quavo allegedly owes Eric ... turned physical.- TMZ.com

American government wages new war on opium (prices)

President Trump declared in his state of the union address that something must be done to stop the ongoing problem of people taking suicidal dosages of pharmaceuticals to escape reality. Rather than alarm addicts by cutting of the supply he promised to make the pharmaceutical varieties of the drug more affordable so that people can safely taper off and quit.

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Currency & state of the crypto economy

Inflation, deflation, and stagnation, most tokens still on sale!

If you missed the massive price coin discounts at times with BITcoin trading below $10k for a few hours on Tuesday and Wednesday there will be more chances to buy in ahead. While the discounts were impressive they would have been even greater if the sell off had continued. One of the main factors in preventing this type of chain panic sell off lies in the ability of exchange operators to supply USD or USDT to cover the volume of the selloff. There is the possibility that the final straw that breaks the BITcoin pyramid comes from a shortage of capital. In this manner a small market correction could turn into a self perpetuating landslide.

Indian government proposes ban on crpto

The Indian government is added to the growing list of government who have made uncertain the future legality of the use of crypto currency. It can be hard for the common person to tell if these statements have any validity or if it is journalistic embellishment of the truth to add to the growing list of scare sell propaganda. While BITcoin was invented as a currency to exist outside of government influence in the black market, this type of propaganda threatens its return to such status. Many power centers see BITcoin as simultaneously an asset and a competitor. This dichotomy is based fundamentally in greed and helps provide stability to the network by compromising individual integrity of members of government.

To the extent that it is an asset, they will invest resources in the network. On the other hand to the extent that it is a competitor to their nation's fiat they will seek to regulate themselves. Economists around the world are watching and analyzing the product of this regulation on economic activity, many are now trying to form sound opinions and arguments as to what effect this type of system would have once it comes to dominate the world.
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Opinion & Entertainment

Opium crisis

Trump has said before that Mexico would pay for the wall he wants, perhaps he meant that Mexican heroin would supply US drug companies with generations of profitable addicts which would add the necessary tax revenue? Only time will tell if prices will fall enough to get users of the drug to turn to legal vendors for their supply.

Freedom

Freedom is what we live for as Americans, but in an anarcho-capitalist state supporting a communist world government that freedom is only skin deep. Freedom exists nowhere in the world, except inside your mind. You may wish to manifest your freedom somewhere on Earth by homesteading or camping but sooner or later somebody who is paid to take your freedom will come and try and it is your God given right to defend yourself if need be from incursion of the hostile forces that have laid claim to this world.
To the extend that you can experience freedom within the bounds of the incomprehensible amount of laws you must concede the freedom that was once guaranteed in America, while you may lull yourself into believing this is freedom you are compromising.

Memes

Use Steem to create quality content, buy into the network with inflated fiat!

The CNW is a bimonthly blockchain publication.
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With so much uncertainty in markets where we could be next year with our ever shifting economic practices is anyones guess. If you have an opinion about where the overall cryptocurrency industry will be next year please share it with us in the comment section here to be featured in the next issues opinion section. If your post is featured you will recieve 1.0 steem to your account. I look forward to reading your opinions!

Thank you for reading, don't forget to check out the contests link for more ways to win SBD & steem and be on the lookout for a contest from our editor this weekend. Have a great weekend!
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