The premiere of Corona Cam Show, a new YouTube dating-advice cabaret created by Lee Rayment and written by Nic Adams, premieres tonight, Wednesday, January 13th, at 9pm on The Exponential Festival's YouTube channel.
Driven to near madness by quarantine and the moratorium on live shows, dating-advice cabaret iconoclast Dr. Eustice Sissy (played by Rayment) enrolls the help of his personal assistant/nephew/interim producer Toby (played by Fernando Gonzalez) to bring his extravaganza to a new audience-YouTube! While Sissy bemoans the loss of his second true calling (still a practicing Psy.D.), Toby flourishes: finding love, equanimity, and sass. Through gay nonsense, original songs, and a collision of stillness and madness, Corona Cam Show is one less night you'll have to spend alone.The cast for Corona Cam Show includes Lee Rayment as Dr. Eustice Sissy, Fernando Gonzalez (Minor Character) as Toby, and will feature guest appearances by Becca Blackwell (Is This A Room, "High Maintenance"), Cristina Pitter (Behind The Sheet), Nic Adams (Duet-ed, Icarus in the L.E.S.), and Leonie Bell (Electric Feeling Maybe), and surprise guest stars. Running thirty minutes in length, Corona Cam Show will be viewable on The Exponential Festival's YouTube channel after its premiere. No tickets are required but guests are encouraged to donate through the festival, with 100% of donations going to the artists. Corona Cam Show is part of a double-bill with Leonie Bell's Einst träumte ich von dir: A Maybe-Myth of Runny Nuns OR Once, I Dreamed of You: A Maybe-Myth of Runny Nuns, which will begin around 9:30pm.Photo Credit: Lee Rayment
Continuing price volatility around bitcoin and other cryptoassets illustrates the need for, and importance of, stablecoins and other less volatile cryptoassets.
Bitcoin and other cryptocurrencies had been on a bull run, but with some of the steam being let out of this potential price bubble recently, the need for lower volatility cryptoassets once again has come to the forefront of the blockchain conversation. Stablecoins and other asset-backed-coins are not a brand-new idea or iteration of cryptoassets, with many of them having been traded and used since 2018. With a combined market capitalization in the tens of billions of dollars, this subset of cryptoassets is a major driving force behind wider adoption and utilization.
Taking this one step further, however, and moving beyond simply using stablecoins or other asset-backed-coins or tokens as a medium of exchange, the conversation around tokenized and other asset-supported crypto is just beginning.
Based on both individual and institutional interest, and setting aside the price volatility for the time being, the case for wider blockchain and cryptoasset adoption and investment is clear. As an ever-expanding pool of potential investors and users seek to gain exposure to this area, however, there is a simultaneous push for less volatile, and more sophisticated, crypto investment options.
Building on this demand is the importance of more stable cryptoassets for new and emerging blockchain applications such as decentralized finance (DeFi), which might seem paradoxical at first glance. Peeling back the layers reveals that these two concepts – decentralized finance applications and more centralized cryptoassets - actually operate more closely together than might otherwise appear. To move DeFi, which promises to deliver many of the financial inclusion and accessibility goals that originally led to the development of bitcoin in the first place, stablecoins and other asset backed cryptoassets will play an important role.
DeFi, high profile as it may have become recently, is just one path forward and topic that more stabilized cryptoassets can address and need to factor into further development decisions.
Let’s take a look at just a few of the criteria that are going to be necessary to accelerate and further develop the cryptoasset sector via advanced stablecoin development and implementation.
Price volatility must be reduced. Bitcoin and other cryptoassets certainly make headlines due to the price action that continues to dominate the space, but every large gyration can also discourage entrepreneurs and institutions from using these instruments as a medium of exchange. How this ultimately plays out will, of course, vary from instrument to instrument, but a large part of making blockchain and cryptocurrency more palatable to a larger percentage of the population will necessitate that these instruments have lower associated volatility.
Put simply, if individuals and organizations are going to use cryptocurrency as a legitimate fiat alternative, consumers of all sizes and forms must have confidence that the value of this alternative will be consistent from day-to-day. Stablecoins, in and of themselves, do provide a potential partial solution, but also open the door for more sophisticated blockchain applications.
Cash flows must come first. A common attribute (some would say drawback) of many cryptocurrencies is the lack of any associated cash flows, income, or dividends. In other words, and notwithstanding developments such as yield farming and the like, the only returns that investors generally receive are those directly linked to price appreciation. Connecting some cryptoassets to enterprises or other forms of income generation, be it via a stablecoin or some other iteration of cryptocurrency, is a logical step forward.
In addition to opening the door to more institutional investors seeking cash flows and income generation, this will also help reduce price volatility. Must like how some mature organizations issue dividends and have relatively stable stock prices, having the income associated with the stablecoin might generate a similar effect on the cryptoasset in question. Clearly it is too early to state this definitively, but the potential for tokenized assets to expand the blockchain and cryptoasset sector should not be undersold.
Collateralization. One of the more interesting applications and facets connected to DeFi is the importance of collateralizing loans and other aspects of DeFi operations. How this normally plays out will be different depending on the coin or token in question, but there is almost always a requirement that any transactions be over-collateralized, with collateral requirements sometimes running as as high as 150%. Further complicating this process is, once again, the price volatility that is so commonly associated with the cryptocurrency sector. Without diving into too much specificity connected to any one particular coin or token, price volatility and swings can - potentially - result in the liquidation of smart contracts and other blockchain-based applications.
A more stable underlying cryptoasset will help reduce this risk, and again, make the entire sector more accessible and understandable for the much larger non-expert or non-enthusiast population.
There is no magic solution or tool that will revolutionize or solve all of the issues that are accompanying the rapid evolution and development of the blockchain and cryptoasset sector. That said, stablecoins and other asset backed coins and tokens provide a viable path forward toward broader and non-expert utilization. The topics and ideas raised above represent just a handful of the considerations and factors that should be a part of this conversation.
Stablecoins increasingly look like the future of crypto, with good reason, and will continue to open the door to new and exciting applications moving forward.
In all, bitcoin prices are up more than 120% so far in the fourth quarter. If it were to close out the quarter right now, it would be bitcoin’s best performance since Q2 2019.
The latest performance is even more impressive, as bitcoin finally broke out over the key $20,000 mark. In 2017, the cryptocurrency was flying higher on hype and momentum. It started off the year near $1,000 and cleared $19,500 less than 12 months later in December.
Any move of that nature will get the public’s attention.
Now though, we’ve had a few years to let prices mellow out a bit, slowly drawing in real buyers with staying power. Better yet, we’re starting from a higher base. In 2016, bitcoin was only a few hundred dollars. It didn’t take long to get toward $20,000.
While 2019 ended with a nice ramp in prices, the cryptocurrency topped out near $13,000 before retreating and finding support near $6,500. That’s about 15 times higher than where it was trading in mid-2016.
Looking at the way bitcoin trades is actually an important observation. Like it or not, technicals play a role in the way many assets trade. That’s particularly true for bitcoin, in my opinion.
Why Does This Matter?
In many assets, particularly here in the U.S., there are a number of different ways that regulators and exchanges can impact the “flow” of the market. First, there are set trading hours. But there are also circuit breakers, day-trading rules, uptick rules and other considerations for trades to make before stepping into the ring.
The great thing about bitcoin is that it’s largely a “true market,” meaning it doesn’t have as much influence and noise in the way it trades. When bulls are bullish, they can drive the stock up. When sellers get in control, they can crush it down.
Bitcoin trades like a true market, and that’s great for investors — even though it can put you on an emotional rollercoaster at times. That’s not to say regulations are a bad thing, as they in fact bring legitimacy to the table.
Instead, all of this is to say that bitcoin’s technicals will continue to be a driver among buyers and sellers.
Bitcoin prices were under pressure on Monday morning, falling to the 10-day moving average where it quickly found support. I had been looking for a move to new all-time highs, which has recently been achieved with the surge to $24,000.
But as much as bulls love a runaway-train rally, a dip would be the most helpful to keep the longer-term move intact. Remember, we are here for the long haul, not a couple of weeks. A dip back into the low $20,000s would give buyers an excellent buying opportunity.
The Demand for Bitcoin Continues
A few years ago, there was a ton of skepticism surrounding bitcoin and other cryptocurrencies. Now, it’s becoming more accessible and more legitimate. Consumers didn’t know what bitcoin was. Many still don’t. But the education of cryptocurrency has continued over the years, and with more education has come more trust.
Companies continue to get involved in the cryptocurrency. For some, that means buying it outright and holding it along with its cash and equivalents. For others, we have some of the most reliable names in the business acting as a broker, allowing investors to buy and sell bitcoin and other cryptocurrencies.
These are the kind of developments we need to see in order to get more investors interested in buying bitcoin — and that’s what will continue to take prices higher. It helps when legendary investors like Paul Tudor Jones are championing the cryptocurrency as well.
The increasing financial aid from Congress, the Federal Reserve and various global central banks makes bitcoin and other alternative currencies another consideration. It’s why gold has also done well this year (although not nearly as well as bitcoin).
Central banks have had to take action against the economic impacts from the novel coronavirus, and there’s nothing wrong with that. But it weakens fiat currencies and strengthens other assets whose supplies cannot be magically raised overnight.
I don’t know how this all ends — no one does. But it’s likely that bitcoin will be there. Thus, we are buyers on the dip.
On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
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In urban environments, allergic diseases are more common among dogs and their owners compared to those living in rural areas. Simultaneous allergic traits appear to be associated with the microbes found in the environment, but microbes relevant to health differ between dogs and humans.
In a joint research project known as DogEnvi, researchers from the University of Helsinki, the Finnish Environment Institute and the Finnish Institute for Health and Welfare have previously observed that dogs are more likely to have allergies when their owners suffer from allergic symptoms. In a new study, the researchers investigated whether such simultaneous presence of allergic traits is associated with gut or skin microbes shared by dogs and their owners. A total of 168 dog-owner pairs living in rural and urban environments participated in the study.
"Research shows that dogs and owners living in rural areas have a lower risk of developing an allergic disease compared to urban areas. We assumed that in rural areas both dogs and owners are exposed to health-promoting microbes. We found that the microbial exposure of both was different in rural and urban environments. For instance, the skin microbiota varied more between individuals in rural areas compared to their urban counterparts. A diverse and varying microbial exposure may be precisely what provides the associated health benefit," says Senior Researcher Jenni Lehtimäki, PhD, from the Finnish Environment Institute.
Dogs and their owners seemed to share microbes on their skin, but not in their gut. The study demonstrated that the living environment had a markedly more significant effect on the skin microbiota than on that of the gut in dogs and humans. Dogs living in urban areas had on their skin more microbes typically found on human skin, which may be caused by the accumulation of microbes typical to humans indoors and in urban areas, a phenomenon that has been previously observed.
In a study conducted earlier, the researchers noticed that both the living environment and living habits affected the canine skin microbiota.
"The same was now observed in humans. For both dogs and humans, the risk of developing allergic diseases was at its lowest when the skin microbiota was shaped by a rural environment and a lifestyle that promotes microbial abundance. Such a lifestyle was associated with a number of different animals in the family, as well as larger family size," says Professor Hannes Lohi from the University of Helsinki.