TD₿: European Central Bank Says Bitcoin Has Failed 😂 - (a Swan original video series) with Dante Cook
TD₿: European Central Bank Says Bitcoin Has Failed 😂 - (a Swan original video series) with Dante Cook
TL;DR: Bitcoin remains stable at $52K despite miner sell-offs and GBTC outflows, hinting at ETFs reducing volatility. We easily debunk the ECB's claim of Bitcoin's failure as a global currency.
Hey Bitcoiners,
A nest of Bitcoin Twitter cyber hornets swarmed the recent European Central Bank blog post claiming "Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation."
The ECB failed in the court of public opinion to argue why the recent approval of an ETF doesn't change the fact that Bitcoin is costly, slow, and inconvenient. Each claim was thoroughly debunked in real time throughout the day.
Plus, while Bitcoin miners' selling pressure and GBTC outflows continue, Bitcoin's price has remained stable at around $52k. Dante gives a few thoughts about the ECB post, why Bitcoin has remained stable, and what to expect moving forward.
Enjoy!
Tick tock next block,
Cory Klippsten
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Welcome to Bitcoin: 101 Series
Swan understands that learning about Bitcoin can be daunting, and articulating its concepts to your loved ones can often appear like an insurmountable task. So, we created this free 1-hour Welcome to Bitcoin: 101 Series. It’s the best way to orange-pill your friends and family.
With host Natalie Burnell, you’ll learn the many ways Bitcoin can benefit you, such as:
Inflation Protection: Protect your savings from inflation and manipulation.
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Help kickstart your loved ones Bitcoin journey today!
Quote of the Day
“Bitcoin isn't about getting your money out of your country. It's about getting your country out of your money.”
- Farbood
Job of the Day
Job Title: Asset Power Trader Manager/Director
Department: Operations
Location: Remote
Reports To: VP of Energy Development
SUMMARY
As the Asset Power Trader Manger / Director you will be responsible for managing and growing the group’s capabilities to optimize the daily trading and dispatch of its operations in the power markets. Regular duties include determining and executing trading positions in coordination with dispatch capabilities, including buy/sell commitments for real-time, day ahead, and ancillary services markets.
Coordinating market activities with the company’s risk management policies and procedures. Primary ongoing responsibility is to capture learnings from operations and implement into daily trading decisions and optimization applications.
ESSENTIAL DUTIES and RESPONSIBILITIES
Include the following. Other duties may be assigned.
Develop trading & bidding strategies based upon forecast inputs, market knowledge and technology constraints to determine optimal market deployments on a day-to-day basis.
Implement processes to execute daily trading & scheduling decisions for next-day operations. Scheduling options will include hourly commitments in the Day-Ahead Energy Market, Day-Ahead Ancillary Service market, or allocation of capacity into the Real-time market for price-based dispatch.
Leverage skills in statistical analysis, market fundamentals, ISO protocols, and regulatory issues to drive the insights into historical and forward pricing curves for power, ancillary services, renewable energy credits, and all other cost components of retail and wholesale electricity products.
Establish communication protocols to minimize any gaps between commercial operations activities analysis/scheduling/market commitment and asset management activities deployment/dispatching/performance.
Analyze market data to develop expertise regarding ISO dispatch processes, ancillary service market dynamics, and strategies to use market tools to manage risks of limited-duration exposure (e.g. the ability to manage exposure through a portfolio of multiple assets).
Articulate the development and improvement of the risk metrics, and the proper representation of assets and existing hedges in our management information systems.
Collaborate Engineers to develop and automate iterations to existing algorithms for operations & optimization modeling solutions.
Support the portfolio management leadership through evaluation and recommendation of new operating strategies for assets, such as revised bidding and hedging strategies.
Perform performance analysis and review of market activities and outcomes in energy and ancillary service markets to support ongoing improvement in performance and market positioning.
Congestion Modeling to simulate scenarios, analyze results, and propose strategies to hedge congestion.
Support Business Development, offering views on particular ISO’s protocols, regional congestion landscape, price of the products commercialized, available incentives, etc.
Trade Power, ancillary and congestion products, utilizing both automated and manual execution strategies.
Research and analyze trends across power markets and cultivate a thorough understanding of current market events and their impact across data center technology landscape.
Investigate the potential application of existing strategies to new asset classes.
Collaborating with management to implement trading strategies and system features.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
EDUCATION and/or EXPERIENCE
Bachelor’s degree in Finance, Economics or related field is preferred.
Minimum of 5 years of experience in a similar role, ideally within the power markets.
Strong understanding of market trends and trading strategies.
Excellent analytical and decision-making skills.
Ability to work under pressure and make quick decisions.
Strong understanding of risk management policies and procedures.
Proficient in data analysis and interpretation.
Excellent communication and teamwork skills.
Strong knowledge of regulations and standards in power markets.
Marathon Digital Holdings is an Equal Opportunity Employer
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
BTC Prague 2024
PVA Expo Prague, Czech Republic
June 13 - 15th, 2024
BTC Prague 2024 – Building on the highly successful inaugural 2023 edition, BTC Prague returns to the capital of Czechia in June 2024 for the largest Bitcoin-only conference in Europe.
What To Expect
Curated world-class Bitcoin speakers on 4 stages
100+ companies & open-source projects at the Expo
10,000+ attendees from all across Europe and beyond
A message from the organizers:
“We are hosting BTC Prague in a country and city that has given the Bitcoin world many great projects. The whole event was born out of this fertile ground. As organizers, we curate the topics, speakers, and companies. Our goal is to talk about the most important topics, help Bitcoin adoption, and bring the community together. We devote our energy to making the atmosphere at the event welcoming and friendly as well, giving rise to new connections and ideas.”
Speakers
Michael Saylor, Executive Chairman, MicroStrategy
Allen Farrington, Author & investor
Pavol ‘Stick’ Rusnák, Co-Founder, SatoshiLabs
Marek ‘Slush’ Palatinus, Co-Founder, SatoshiLabs
Giacomo Zucco, Bitcoin Entrepreneur & Consultant
Peter Todd, Cryptochronomancer / web-π dev
Anita Posch, Bitcoin Educator & Author
Rational Root, On-Chain & Cycle Analyst
William Casarin, Bitcoin Core, Lightning & Nostr dev
Samantha de Waal, 13-year-old Bitcoiner
Rahim Taghizadegan, Austrian Economist & Entrepreneur
Ben Arc, Bitcoin FOSS Hobbyist & Advocate
Niko Jilch, Journalist & Podcaster
Thank you,
Swan Team
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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