Cryptocurrency Contents Archive

JP Morgan CEO says "crypto is a ponzi scheme", meanwhile they have their own Bitcoin fund...

Yesterday we had the meeting of most evil people at the house of even more evil people. Bank CEOs met at Capitol hill to testify for various instances. Crypto was not that big on the program but we still had some statemets about it. The most meaningful one was the JP Morgan CEO saying that cryptocurrencies are a "decentralized ponzi scheme", whateer that means... So you can see that JP Morgan was speaking full-on against crypto. While their actual actions are something else... Already in 2021 they launched their own Bitcoin fund for private clients and just like other investment banks they were expanding crypto too. Either they are trying to behave good in front of the government or they are lying to us. But it's clear that institutions can not be trusted as they will change their opinion according to the people they talk to.

Jefferson in 1802. Somehow the message got lost until 2008

‘Entire Crypto Industry Goes Parabolic’ If Ripple Takes Win Over SEC In XRP Lawsuit: Pundit

Proof of Work vs Proof of Stake

$XRP killing it this week. #1 gainer in top 100 with 33% gains… and yet this is only a taste of what is to come for the #xrparmy. Your patience will be rewarded.

JUST IN: 🇬🇧 Britain’s economy is now in recession, the Bank of England has said - The Guardian

Celsius Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens - the lender owes 500,000 creditors nearly $5 billion.

Lebanon Banks have now been closed indefinitely. This shows a legit use-case for Crypto: Cutting the middlemen.

There has been some drama regarding Lebanon Banks in the past weeks. Due to rising inflation and prices and with bad sentiment toward their government, people in Lebanon were starting to increasingly withdraw their money from the bank. Causing banks to shut down for three days because they could not hold up with demand or did not want to give people their money. Now they are shutdown "till further notice". Either way, this is very messed up that you just lose access to your own money that you trusted the bank with. And this is the one usecase that will always remain for Crypto: Cutting the middlemen. This is also the most important use-case for Crypto and one of the reasons it was made. With crypto you don't have to trust any middlemen of you have done it right (not entirely on exchanges), you will always, 24/7, have access to your money.

Michael Saylor Sees Bitcoin Trading at $69,000 in the Next Four Years

We should take 1 % of distributed moons, sell them for ETH and distribute that too

Since Moons are on the mainnet, tipping is dead. It was on life support before but now it's dead. Because nobody has the ETH here on Reddit to tip. Yes there are faucets, yes you can get ETH otherwise but it isn't easy. Those Reddit NFTs are such a huge success because everything about them is easy and you don't have to jump though hoops. Tipping Moons is NOT easy and nobody does it because we're not circus animals Take 1 % of every persons Moons and sell it constantly over the next month. Next month distribute 99 % of the moons and the generated ETH from the last month. The problem is solved, without people having to do anything. Perfection! BOOM - Tipping is back

We're back with another Twitter Space AMA with @cz_binance! 🗓️ September 23, 2022. ⏰ 11:15am UTC. 📍 Binance Twitter Spaces Get those questions ready. https://t.co/f46RZbQ605

You will believe the world is ending if you spend enough time on Twitter

"This policy of regulation by enforcement is a failed policy," @Ripple General Counsel @s_alderoty says. He chats about the @SECgov case, saying the agency is "seeking to remake the law, and they don't have the power ... only Congress can." Watch more: https://t.co/MzhzCOj66d https://t.co/kpevUCX6vb

Bear Market Stories

I’d like to hear from people who are going through their second, third or fourth bear market and what it was like back then? Right now everyone is saying that this time it’s different, this time a *real* crypto winter is going to come along and stay for a few years. I’d like to hear what it was like when the market crashed in the previous years and what did you do with your funds and if you were experienced already or fought with yourself, considering selling it all to cut the losses? Right now it just feels like throwing money down the drain. It stings, but *i want to believe* (Agent Mulder Style) that the bull is gonna come riding in and everything’s going to pay off in the end. But who knows? Would like to hear some stories how you dealt with the anxiety and what it was like to get back in the green and what were your takeaway points from this experience? Thanks!

NEW - President of El Salvador: 🇸🇻 is "the land of volcanoes, of surfing, coffee, #Bitcoin, and liberty."