Weekly news
Added 2020-08-27 13:57:27 +0000 UTCHello dear Patreons!
Here are the media news which we have compiled for you for an interesting read.
With best wishes
Rose
CRYPTOS / BLOCKCHAIN
BITCOIN
Monetary stimulus is rocket fuel for bitcoin. But...
High Bitcoin Hodling Behaviour in 2020 Indicates an Upcoming Bull Run
CHINA / BLOCKCHAIN
Vitalik Buterin Talks About China’s Blockchain Adoptions in the Recent Q&A Session
EUROPEAN CENTRAL BANK (ECB)
Christine Lagarde encourages young people to engage in the future of the Euro
In a video on International Youth Day, ECB President Christine Lagarde tried to get the younger generations interested in European monetary policy and the euro in particular. She ended the video in which she presents the ECB survey "ECB Listens" with an appeal to the youth.
But it seems young people have already ended with the Euro. The Lagarde video provoked over 330 responses - almost all of them a plea for Bitcoin.
https://twitter.com/ecb/status/1293447789599498241?s=20
FED FEDERAL RESERVE
Jerome Powell's 'Jackson Hole' speech is scheduled today, Thursday 27, 2020
Keypoints:
- Fed Chairman Jerome Powell will speak today (Thursday) during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference.
- He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level.
- “Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time.
- The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the 1980s.
Many analysts are expecting the Fed to quite likely to embark on a groundbreaking campaign to increase inflation. At a time when the people are just starting to ask questions about the intrinsic value of money, the Fed is announcing that they're about to intentionally decrease that value?
Fed Chair Powell’s Jackson Hole Speech Could Hint at US Dollar’s Future
https://www.coindesk.com/fed-powell-jackson-hole-us-dollar
PHYSICS: TIME CRYSTALS
Salt, ice and sugar have one thing in common: their components are arranged in such a way that they form a periodic pattern in space. And because this property was first discovered on frozen water - "krýstallos" means frost or ice - it became a category term for all kinds of substances or materials.
Time crystals were first proposed back in 2012 by the Nobel Laureate Frank Wilczek from MIT, and since then many scientist have been scratching their heads trying to understand the concept. The article “In search of time crystals” by Philip Ball is a good place to learn the basics (https://physicsworld.com/a/in-search-of-time-crystals/).
Every piezo crystal in wristwatches can be made to oscillate by means of electricity, but the time crystal does not need this, it does it by itself. This is the crucial point: we don't have to show the time crystals what makes them tick. Time crystals have the bizarre ability to repeat patterns of motion through time, even when there’s no external force driving them.
Now scientists have observed two time crystals interacting for the first time, which could be the first step towards using them for practical applications like quantum computing.
Physicists witness time crystals interacting for the first time ever
https://newatlas.com/physics/time-crystals-interacting-first-time/
