Ravencoin Update – June 2022

Ravencoin Update – June 2022 It's now deep into summer in the Northern Hemisphere, just after the summer solstice, and crypto has dipped pretty deep which is likely from unwinding leverage and the erasure of the easy money environment formerly created by the Fed.

Inflation reared its ugly head as most Austrian economists would expect. Our Keynesian trained economists running the show seemed surprised, and just assumed it was transitory and a side-effect of supply issues. Reality eventually caught up with their belief system as reality is wont to do. Suddenly there's a scramble to tighten the money supply.

Now we find ourselves wondering if we've started to recover from the crypto bottom or whether we're experiencing a dead cat bounce. Can the US Fed keep raising rates and crushing the $@*#! out of the US economy, or will they relent? If I had to hazard a guess, I'd say we're in a similar situation to January 10, 2008 when Ben Bernanke said "The Federal Reserve is not currently forecasting a recession.", only this time it's Janet Yellen touting an even less convincing "We expect a transition to steady and stable growth, but I don't think a recession is at all inevitable." I expect reality to teach Ms. Yellen another valuable lesson soon.

The macro environment will dominate until the leverage is wrung out of the system, or until the Fed capitulates to save the US economy.

What does all this have to do with Ravencoin? It means crypto, including Ravencoin, is in crypto winter. Ravencoin was born in crypto winter, as are many of the best projects. Ravencoin has better relative fitness for crypto winter than most other projects. Why? Because it isn't supported by leverage, and it isn't hyped. It has moved up 18 positions since the crypto drop. Proof-of-work mining still has the same tried and true economics, and the difficulty adjusts every single block as miners enter or exit to keep the system balanced. All Ravencoin is mined into existence. It isn't airdropped, given preferentially to friends, family, or VCs, and it wasn't gifted to founders. It is earned through a competitive lottery — similar to Bitcoin.

Ethereum is still moving towards proof-of-stake which will likely free up lots of GPU miners which will need to find a new project. Ravencoin is in a small group of profitable GPU minable coins and should benefit from the renewed interest in top-tier alternative GPU minable projects.

There's been recent discussion in the Discord #dev-meeting chat about moving forward with a hard fork to activate P2SH for assets on Ravencoin. While it has been code complete for some time, there are always significant risks associated with hard forks. The risk may not be worth the reward at this time. The features are available on testnet for anyone wishing to use or experiment with P2SH. If there's enough community support for it, it will be necessary to ensure that all economic actors (exchanges, swap sites, merchant tools) are switched over to the new version before a sufficient amount of hash power switches over to activate the consensus-level feature via BIP9. To use the improved UI, and other non-consensus features, you can get a new version now through the develop branch on GitHub. There will be more discussion about the pros and cons, starting with a Spaces on Twitter by @MorganCrow_NFT at 3pm ET on Wednesday June 29th.

Here are just a few links you might be interested in, or that you might have missed.

Why are Ravencoin assets better than ERC-20 tokens on Ethereum? https://tronblack.medium.com/ravencoin-assets-vs-erc-20-9ff1593c100d

Why are Ravencoin NFTs (unique assets) better than ERC-721 NFT tokens? https://tronblack.medium.com/ravencoin-nfts-unique-assets-vs-erc-721-ab28b186d0d

Why are Ravencoin Restricted Assets better than ERC-1404 security tokens? https://tronblack.medium.com/ravencoin-restricted-assets-vs-erc-1404-cc5a5dd2c3ed

Looking to tokenize real estate, projects, or equity? Look at Digishares + Ravencoin assets. https://tronblack.medium.com/ravencoin-digishares-nirvana-c2c09735647d

Want to run your own Ravencoin full node – with a few clicks and copy/paste? https://tronblack.medium.com/ravencoin-how-to-run-full-nodes-85f92d2ebc1a

Are you still wondering "Why Ravencoin?" Wonder no longer. https://tronblack.medium.com/why-ravencoin-af62e00121bc

Ravencoin is healthy, active, and stable. The value comes from a combination of the open-source code, which is free to everyone, combined with the emergent Ravencoin network, plus the amazing community which supports the project and uses the token creation utility of Ravencoin.

Just a crypto beginner? Ravencoin is perfect for you. Under $0.10 (for now) and fun to experiment. People in Ravencoin a generally friendly and helpful. Here's a beginner's guide: https://tronblack.medium.com/ravencoin-a-beginners-guide-fe809b6e1492

To learn more, directly from the community…. Join Twitter and follow @Ravencoin, @tronblack, @leon_texas, @jeroz6, @rvn_foundation, and monitor #Ravencoin. Then follow others to be a part of Ravencoin Twitter. Join Discord Join Telegram

Want to see what tokens have been created on Ravencoin? https://ravencoin.asset-explorer.net/

MoonTree wallet is almost ready. I've been using the beta for weeks now.

Full core wallet: https://ravencoin.org/wallet/ Easy wallet (keep your keys): https://mangofarmassets.com/