Elena Obukhova host of Supermoon Station welcomes us back to another week in crypto. Having recently spoken on a tokenized assets panel at the security token summit in New York Elena shared the successes of the event and positivity in seeing a lot of high-ranking government officials in attendance. Representatives from the DC regulations department sparked a lively discussion about the need for change, while Elena highlighted the challenges of tokenized assets and regulatory frameworks.

Many people at the summit, had a desire for more rules in the crypto spaces, despite Elenas' belief that none are required. We need to teach people how to spot frauds and how to avoid hiding behind corporations. The blockchain industry has influenced many improvements in global institutions, yet education remains stuck in the past. When even huge bankers like JP Morgan criticize the US regulatory system, you know there's a problem.

With thousands of applicants, Supermoon Camp developed its' own exclusive Mansion event sponsored by Computecoin Network, bringing together significant players in the blockchain and web3 industries. Elena, enthusiastic about the possible expansion of the crypto field in Austin, as Texas welcomes the advancements since New York is not the easiest area to start a crypto business due to hefty regulations.

Earlier this month the crash of Luna and Tera wiped out $40 billion, and advocate Mike Novogratz was finally silenced, so we asked Elena her thoughts on it, one being we’re hitting a correctional state in the market which will wipe out the people just hear for quick returns and you have to be prepared to learn from your losses.

This week, inflation in Canada reached a 31-year high, matching recent price increases in the United States and the United Kingdom. The Federal Reserve recently raised its benchmark interest rate by 0.5 percent, and it is likely to do so again in June and July. The last time rate hikes came so quickly and frequently was during the dot-com disaster, raising the issue of whether we are in the early stages of a similar situation now.

There are some market similarities to the dot-com era, with a lot of enthusiasm around the web3 space and a fast surge in projects that can be readily built. Governments are failing to learn from the 2000 disaster, instead creating complex regulatory frameworks that prevent many start-ups from participating in the Ipo. Instead of attempting to stop trading in a volatile market, governments should focus on education, inclusion, and crowdsourcing, as they did in 2000.

Interesting, with inflation always on the rise, why is the advice always to save money, why not teach people how to invest?

“Federal prosecutors arrested a 50-year-old long island man and accused him of defrauding hundreds of investors by offering large gains of 5% per week from a fictional trading platform”

Crypto and financial scams are not a new development in the industry however they are becoming more elaborate as seen in the above headline from the New Yorker. Human beings are blind to risks or scams when all they hear is profitable returns like five percent per week. This brings us back to the fact that in the crypto space you have to do your own research and self-education to avoid falling for such scams.

In recent interviews, Micheal Sailor has said that Bitcoin is similar to energy and that people should start thinking about it in that way. The Supermoon crew had a concept about how people who had millions of dollars in Fiat or dollars can accomplish a lot more with it going further. People who have a lot of Bitcoin may have more energy or do more things in the actual or digital world.

Both Instagram and Spotify began testing NFTs on their platforms this week, indicating that larger platforms are entering the NFT market and taking it more seriously. Instagram dubbed theirs a digital collectible, allowing creators to connect third-party wallets and share NFTs on Polygon and Ethereum chains to their feed, stories, and messages. While large corporations like Instagram, Twitter, and Facebook face a lot of criticism, seeing them integrate new blockchain technology on their platforms can only be good for growing the community and developing trust with non-adopters.

NFTs have taken over the art, gaming, ticketing, and music industries, with 2.3 million buyers in 2021. According to the Wall Street Journal, the number of NFTs sold daily has dropped by 92% from 225,000 in September to 19,000 presently. As previously stated, the crypto space is in the correction stage, filtering out scams and ventures with no utility or longevity, which could be the cause of the drop.

Another exciting week in the music industry as music platforms, began offering splits, where partners can have it defined in the smart contract, varying royalty percentages, and it removes any complications when making or cementing that contract. As a result of these cooperations, individuals will simply earn their income. Elena feels that these NFT use cases could help NFTs reach a far larger audience by raising awareness of the benefits that blockchain technology can provide.

Supermoon Station met with Davinci Jeremie, a crypto influencer who told everyone to buy Bitcoin in 2013 when it was only $1 for an exclusive interview. After the 2008 financial crisis, Davinci started educating himself about money and financial structures discovering that our monetary system is a fraud against the whole world. Noting the inevitable collapse of this fraud, he ventured into broad conversations on his YouTube channel around gold and silver to begin.

In 2011, Davinci believed Bitcoin to also be a scam, “how does a digital asset exist without knowing that somebody else has taken a copy and sent it to somebody else?”, upon realizing Satoshi Nakamoto solved that problem, Davinci pondered the thought “every once in a while, something comes along that makes poor people rich because they bought it really cheap a long time ago and this is one of them”.

Our properties' high prices aren't due to a surge in buyers, it's due to the fact that you could go to the bank and print money to buy a house. As a result, you can print money to purchase the house, however obviously, prices will rise beyond the means of the average person, “because of that our house prices, have been inflated to incredible amounts, and the real value once the system stops working because it will stop working is what somebody can save, work hard, and pay for in cash. That is the real value of a house”. Davinci predicted house prices to fall and be true once Bitcoin becomes the money.

Supermoon station interviewed Davinci on the speculation around Bitcoin as a deflationary currency and the potentially serious impact it could have on the economy. America was actually in a deflationary economy up until the Federal Reserve in its existence. Davinci relayed “we managed our system fine with a depreciating currency all up until 1913 because the reason why is because humans adapt”.

In agreement with many crypto advocates, Davinci stated the biggest problem Bitcoin solves is the government for example the United States healthcare and education system “In fact, I got worldwide health insurance except in the United States because it's too expensive. There is a clear pattern of government involvement in developments leading to higher prices. The worst thing they messed up is that with our current system, they can print money and go to war and there's no consequence for them to do so”. That's the main thing Bitcoin solves in the future, wiping out all governments.

Davinci sees the ideal future situation as a free market economy where there is zero income tax, “But I don't mind governments taking a tax on, for example, consumption, and that would be the ideal way to organize both the government revenue and also taxes, also freedom”.

Davinci being Canadian spoke to us about why the government is going so strict with crypto regulations there, for example, in Ontario people can’t register for Binance, “Perhaps because they see the writing on the wall like for example, in what was called funding, freezing funding from Go Fund Me and other places and banks, their bank accounts even went around with cryptocurrencies”. Davinci and the Supermoon community will continue to dismiss the noise around governments banning crypto, they may slow it down but there's no stopping it.

The foundations for how a decentralized community would work regarding giving power to ordinary individuals on political or economic decisions could be an issue. Davinci reckons “yes, that's all possible once crypto is mainstream and everybody's using it directly, then we can have strict voting absolute where we know exactly who voted, but not that an actual person did vote”. While there is still room for improvement within the Bitcoin space with friction arising among potential adopters. When we look at past failings of global monetary systems for example, in Turkey and Venezuela governments took personal assets and then converted them to the local currency, this is Davinci’s prediction for cryptocurrencies noting the importance of taking ownership of your crypto now.

As we are still in the relatively early stage of blockchain it is possible we will face more painful lessons in order to understand how to secure our personal investments and savings. Davinci finds some dangers while entering the cryptocurrency space with the possibility of a person’s NFTs and crypto being stolen through scams around NFT drops. Aspects such as that is where self-education is of importance before people get into the NFT and cryptocurrency space. With low privacy functionality on the blockchain, educating newcomers is a high priority for Supermoon Camp enabling the longevity of the growing crypto community. Developers are going to have to incorporate higher security measures in the near future “I hope to see wallets that implement some of the security features of Bitcoin and with the new upgrades to Bitcoin Protocol, Schnorr Signatures, and Taproot, that will be infinitely more difficult to hack”.

On analysis of Ethereum moving to proof of work, Davinci sees this as a waste of resources, “they don't need it because proof of work is only for systems that prevent government action to make changes, to prevent past history of the blockchain. And we've already seen that happen where there was a big problem back in the early days of Arrium. the government said, hey, you got to fix this. And they fixed it by giving out a new piece of software, since they can do that, why are they doing proof of work”. Proof of work was meant to prevent that from happening therefore not in the best interest of Ethereum.

With rising concerns in the community around environmental issues caused by proof of work, Elena disagrees, seeing added value through innovation and less impact than the financial sector. Bitcoin uses the cleanest energy out there because miners have a high incentive to lower their energy costs, “getting the energy from a volcano or digging deep in the ground and getting the heat from the earth itself or turbines, and solar, where it's cheap bitcoin's there because, the less you have to pay in energy, the more you make in Bitcoin''. Bitcoin is also advancing environmental research and development with the number of people incentivized by clean energy growing.

Worldwide governments have been issuing carbon credits, which Davinci has little faith in their ability to solve global warming through yet another taxation scheme, “This is nonsense, let the free market solve this problem they always will do a better job”. For newcomers, Davinci recommends doing your own research and learning while diving into the cryptocurrency space, for example, Bitcoin basics his educational series. To begin the crypto journey Davinci recommends the book “The Bitcoin Standard” to new and experienced crypto enthusiasts. Davinci introduced Supermoon Station to his latest venture NFTShill, a new website that supports both creators and collectors, enabling users to collect and list their NFTs for free where people can browse the NFT artwork and then be a part of that to help build your community.

Supermoon Station's debut interview brings to you the crypto legend Aaron Koenig and his endeavors in crypto art and culture during Bitcoin 2022. Aaron joined the space in 2011 at first a skeptic now turned fanatic, starting crypto film production in 2012. Aaron is a renowned writer in the crypto space, who recently published his fifth book "Crypto Art and Crypto Culture", all the while finding time for public speaking and MCing for conferences like Bitcoin 2022.

Aligning with the Supermoon Camp mantra Aaron is breaking down the crypto space to simply share with all levels of crypto enthusiasts. Aaron started his crypto journey from his natural interest in money and the need to question the traditional financial systems. Highlighted by Aaron, the Bitcoin 2022 conference was advantageous to attend with announcements of upcoming projects.

Aaron and partners Carnaval from Argentina introduced Supermoon Station to their new art marketplace with NFTs on Bitcoin launched during Bitcoin 2022. In partnership, Aaron just launched a new exhibition on crypto culture starting in NYC this June “Crypto Art and Crypto Culture” with the aim of transporting the bitcoin culture to positively reach a wider level of new crypto adopters. With this new project, Aaron hopes to use artwork as a trojan horse to spread enthusiasm around bitcoin, and “make people burn for bitcoin”.

As Aaron says “It’s still early days” so jump into crypto at our next Supermoon Camp in Austin Texas!

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