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This article was originally published in The New Stack. Given how volatile Bitcoin price is, an automated alerting system can be valuable for preserving our attention and sanity. We can pay attention to Bitcoin only when the price action is interesting. Momentum, that is buying an asset that has done well in the past, has been one of the most persistently effective trading strategies — see Clif Asness: “Value and Momentum Everywhere” and Tzouvanas (2019).

Most people in the world are familiar with legal tender paper money — also known as fiat currency — and how to access it online through a bank website, ATM, or mobile app. The idea of “digital money” or cryptocurrency — such as Bitcoin — remains a relatively new concept.

What the heck is Web3 and why is everyone and their mother talking about it? In short, Web3 is a decentralized web-based on blockchain technology. What that means, how Web3 actually functions, and what it means for the future of the internet is a bit more complicated… To understand what makes Web3 so special and so different, we first need to understand why it's called “Web3” and what came online before it.

Queen Elizabeth II received a blockchain journal in the post, and was “interested to learn that the publication is the first open access blockchain research journal available both in print and online, according to a letter from her office. In a letter to the British Blockchain Association, which sent the journal, a member of her office said the queen “much appreciated thoughtful gesture,” as first reported by the Financial Times.