Dubai: Crypto & Coffee at 8: 🚨 20th Sep 🚨 🚫Inflation vs Crypto adoption what is the correlation❓ #ETH = Ultrasound Money? Two Events by Blockchain DXB - a podcast by Blockchain DXB

20th Sep
🚫Inflation vs Crypto adoption what is the correlation❓ Cardano Vasil upgrade ➕ #ETH = Ultrasound Money?


❌Argentina’s inflation — 80% — Crypto Adoption 11
❌Nigeria inflation — 20.52%- Crypto Adoption 13


💭 Input Output (IOHK) mentioned via Twitter a few hours ago that #Cardano is approaching the #Vasil upgrade which will bring increased functionality, performance, scalability, and interoperability to the #blockchain through new features and improvements. The hardfork will take place on the 22nd the day after Federal Reserve Board chair Jerome Powell talks about the interest rate hikes. Could this impact the price of #ADA?


🚦 While the upgrade takes place 3 days from now Vasil functionality becomes available on September 27 — in one epoch time after the hard fork on September 22


✋🏻A blog here explains all info https://bit.ly/3LolUcF What are your thoughts on this blog? A bit too perfect


💰 Grayscale Investments out of nowhere tweeted a video of Charles Hoskinson dating back to the 23rd of June this year, where he was talking about The Future of Digital Asset Regulation at the House Agriculture Committee available via YouTubeThe timing of this tweet through. Video here https://bit.ly/3Lp9CAO


🧐 While the multi-billion giant is tweeting about “The power of blockchain technology is its universality and permissionless model for innovation,” Let’s look at crypto adoption in Argentina & Nigeria
The CPI number for Argentina states its inflation is 78.5% Official info here https://bit.ly/3UmAlly Bitcoin.com article states The poor performance of the Argentine economy has led its citizens to explore alternative ways of maintaining their purchasing power against inflation & Argentina is no longer in the top 10 countries with the most cryptocurrency adoption. Article here https://bit.ly/3drWj60

👣 As per Chainalysis Inc. Vietnam, Philippines, Ukraine, India, USA, Pakistan & China are among the top Countries for Crypto Adoption, Interesting that given the Chinese government’s crackdown on cryptocurrency activity, the adoption rate has not been affected Official info here https://bit.ly/3LpvV9x

🚨 Let’s look at inflation vs crypto adoption for the top 5 countries
1. Vietnam 2.89%
2. Philippines 6.3%
3. Ukraine 23.8% ( Adoption mostly due to donations/war)
3. India 6.02%
4. USA 8.3%
5. Pakistan 27.3%

🦇🔊 Ethereum ultrasound money?

- Bitcoin vs Fiat Currency: #BTC Supply fixed, Demand varies
- Bitcoin vs Ethereum: #ETH Supply is cleverly managed


👀 Thanks to the London hardfork in Aug 2021 EIP1559 the supply is cleverly managed and a greatarticle by Jamie Redman von Bitcoin.com states 4.6 Million Fewer Ethereum by Next Year thanks to EIP-1559 and Post-Merge ruleset changes & post-merge data indicates that 297,000 ETH will be burned annually at current rates and issuance has dropped from 3.78% per annum to 0.22% to 0.25% per year. Info here https://bit.ly/3QXoZSa

💥2 UAE news (See slides)

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