At least #zulip will not create a #crypto shit #coin https://blog.zulip.com/2021/11/12/why-no.. It's really concerning how many #companies / #platforms are getting involved with the #blockchain - including #facebook , #telegram , #signal , #twitter and #reddit ... Probably the biggest reason not to #implement it is the fact that #chat and #socialmedia do not need this.
Yes, #bitcoin and #crypto *is* a #ponzi scheme: https://www.ic.unicamp.br/~stolfi/bitcoi.. I get people message me all the time "should I invest?". When normal people, who know nothing about how it works, are looking to get involved, it is already a #latestage #pyramidscheme ... #growth will either taper out or it will #crash entirely. Given that there is no intrinsic #value to #cyber #coins - I suspect it will crash *hard.*
#tether - a ' #stable ' #crypto #coin is being #fined by the #cftc for #lying about #reserves - as expected: https://www.bloomberg.com/news/articles/..
#bitcoin could in #theory #trigger a #global #crash - but I think there are more pressing issues the #brankofengland should be worrying about: https://www.theguardian.com/technology/2.. #regulation for #crypto is incoming, but I suspect they are more worried about securing #tax ...
#crypto #regulation in the #west incoming - you have been warned: https://www.reuters.com/business/g7-fina.. Now #centralized #banks want a bit of that action, after even #paymentprocessors have been tangled up in it.
Apparently there may be an incoming #kiwicoin - a #crypto #coin based in the #nz #dollar https://aardvark.co.nz/daily/2021/1007.s.. Apparently this is the first step towards a #cashless #society - and possibly a sign of #inflation on the #horizon ... I would be *extremely* #hesitant to get on board with this - I really suspect the rug will be pulled from underneath people.
Blah blah blah, more #crypto people lose their #money https://www.pcgamer.com/hackers-drain-cr.. Imagine my surprise when this completely #unregulated #market acts #shady ...
I wasn't expecting #crypto to #rebound after #china #banned the #mining and #trading of it! https://www.lotuseaters.com/cryptocurren.. I actually really suspected that #tether and the like had bought into #evergrande and the like, especially how the only other #market coming close to their #growth rate is the #chinese #bubble !
A bunch of #china #economy stories this morning. The #ccp have #banned all #crypto #currency #trade in the wake of this #evergrande #default https://www.zerohedge.com/markets/future.. I suspect this is to stop #investors getting their money out of China as nerves build over a crumbling economy. This has hit the #us and #eu #futures as a result. I for one am watching the #stockexchange 's closely!
I think #nft 's will not grow too much more, people will realize they are just as unreliable as #investing in #crypto #ipo 's: https://pomp.substack.com/p/i-made-a-mis.. Also there is a fundamental problem with " #ownership " when all people can make copies of the #digital #art ... We already have a #solution to this problem - you can buy #physical art or own the rights to digital art. I have personally already done exactly this on #fiver !
@barray on Mon Sep 20 17:48:58 UTC 2021 said: &eAnd the #chinese #company #evergrande could have massive implications for the #crypto #market too, with #tether possibly left holding the bag: https://www.msn.com/en-us/money/companie.. The #cryptocurreny market crashing would also have a major impact on #western markets too - remember that many #banks and #diversified their #assets to include #coins ... Add #covid #economic #recovery ... This is looking like a perfect storm.#china is in a lot of trouble over this #evergrande #property #investment https://www.reuters.com/world/china/chin.. There is no good way out of this for the #chinese - no amount of bullshitting will cover $305 billion in #liabilities - a mix between local Chinese investment and #foreign ... Perhaps they will #nationalise , but #investors will get screwed and foreign investors will get cold feet. If they buy the #debt they bleed their #economy anyway!
The #eu is really heading down the #authoritarian route: https://www.euronews.com/next/2021/07/21.. First they ban #encrpytion , #privacy and now #decentralized #crypto - very concerning! Whenever I see something like this I know that it's just a matter of time till the #uk stupidly does exactly the same. It's disappoints me to no end.
Looks like the #crypto #exchange #coinbase is locking out thousands of customers right now: https://twitter.com/CryptoWhale/status/1.. It could just be a #bug or it could be about to go very seriously sideways.
Interesting #crypto #coin #hack on the #polynetwork - where $600 million was #stolen and return by an #inexperienced #hacker https://www.youtube.com/watch?v=iB7hJA1E.. Crazy times we live in, but great video from #coffeezilla !
A pretty interesting #argument made against #ethereum #crypto #coin https://tomerstrolight.medium.com/the-pr.. Essentially it boils down to the #difficultybomb being pushed further and further back, without #accountability . My biggest concern is the lack of #regulation (which could be thought of as accountability) and the fluctuations of such a currency. It's both #decentralized - but also #destabilized !
#jordanpeterson has an interesting #podcast on the #advantages of #bitcoin https://www.youtube.com/watch?v=iVym9wto.. One thing I was not aware of is that #bitcoin #mining will apparently come to an end in the 'near' #future ... I still believe for the most part most #crypto #coin is a #pyramidscheme - but I am now more compelled by the #argument they make. I really suspect 99.99% of people using it *do not* understand it, but then that could also be said of standard #money too. I cautiously watch...