📈 Web3 TLDR: 🪙 Bitcoin Was Almost Called Netcoin?!
The Web3, NFT and Crypto Newsletter
Here Are The Things You Need to Know:
Current Price: $18,871 - 7D Change: -3.56% - 30D Change: -6.20 - YTD Change: -128.96%
Current Price: $1,296 - 7D Change: -6.22% - 30D Change: -15.02% - YTD Change: -135.13%
Disclaimer: This newsletter is not financial advice. Always do your own research
- 🥶 Filecoin continues to grow despite bear market
- 🪙 Bitcoin Was Almost Called Netcoin?!
- 📈 STOCK Act Gets Busted
Post Merge Update
Job of the week
AND NOW THE NEWS
Filecoin continues to grow despite bear market
Crypto is not just about the prices. The technologies and use cases continue to stabilize and grow in users as the space matures. FileCoin, the decentralized file sharing platform has reported that nearly 20k users are using its platform to store 50 million data objects in dApps (Decentralized Applications.
At a conference in Singapore this week, Filecoin shared the growth numbers in addition to major upgrades coming to the platform coming in early 2023.
Filecoin's currency lets users buy and sell decentralized computer storage helping data storage providwers break away from legacy competitors such as AWS or Google.
Written by: WarBiscuitNFT
Bitcoin Was Almost Called Netcoin?!
What a fun trivia fact! A well-known crypto locksmith, known for recovering lost seed phrases and private keys, unveiled some information about the origins of the term "bitcoin" and it's down right interesting. Bitcoin.org was registered via a Japanese anonymous domain registrar called AnonymousSpeech on August 18, 2008. However, there was another similar domain name registered just one day before, called Netcoin.org on the same registrar. There is no other data to uncover here, as it looks like the domain stayed dormant until it was re-purchased by a subsidiary to Web.com in 2010.
Did you know? A day before the domain was first registered, someone purchased netcoin.org using the same registrar. Looks like Satoshi was contemplating between the two names and later dropped netcoin.org
— Or Weinberger (@orweinberger)
Sep 23, 2022
First off, thank goodness that it's still called Bitcoin. Netcoin sounds like something that came out of the Dot Com bust in the late '90s. I can imagine how a conversation in the late 2000's about this would possibly go:
"Dude, did you hear about Netcoin?"
"No man, but it sounds lame and I'll probably never invest in it."
"Same. By the way, this housing bust is crazy, dawg."
"I know, bro-sef."
PHEW, we definitely dodged a bullet there!
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upcoming policies which can be used to strategically line their pockets. The STOCKS Act was supposed to put some accountability on lawmakers, but that has waned over the decade in the eyes of the public. Proposed by Committee on House Administration Zoe Lofgren, she stated:
“Congress can act to restore the public’s faith and trust in their public officials and ensure that these officials act in the public interest, not their private financial interest, by restricting senior government officials — including Members of Congress and the Supreme Court — and their spouses and dependent children from trading stock or holding investments in securities, commodities, futures, cryptocurrency, and other similar investments and from shorting stocks.”
Personally, I do experience "wtf" moments when I read the types of stock/asset purchases lawmakers have enjoyed in the last decade. It's clear that these purchases are based off internal knowledge and the STOCKS Act in its' current form isn't that effective. Blocking them from purchasing while holding office might seem extreme to some, but I believe it's necessary, given just how much information they have access to. However, I do expect push back from some lawmakers, and we'll see how far this proposal actually goes.
One Last Thing...
If you cannot do 3rd grade math, then your portfolio is doomed...
Surprised a lot of people struggle with this, maybe my followers didn’t lack oxygen at birth
— Algod🫐 (@AlgodTrading)
Sep 25, 2022
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