Cryptocurrency

[Jarman]

First (overdue) step is to prevent this tulip infection affecting the banking system - hence 100% capital requirements, there should be zero lending for such "assets" basically.

Second step would be to purge this infection in all the dark places where it's hiding (starting from big players like hedge funds).

Third step would be aggressive offensive operations lead by NSA/GCHQ against operators of the blockchain with an aim to totally stop their operations.

This cyber menace should be dealt with by 2025 or 2030 at the latest.

1) yea, nah.
2) agree but hedge funds are not the problem in crypto - they can still manipulate FOREX or SPX so if you are against them, good luck.
3) what is wrong with legal use of blockchain?
4) yea, nah.

[AtW]

First (overdue) step is to prevent this tulip infection affecting the banking system - hence 100% capital requirements, there should be zero lending for such "assets" basically.

Second step would be to purge this infection in all the dark places where it's hiding (starting from big players like hedge funds).

Third step would be aggressive offensive operations lead by NSA/GCHQ against operators of the blockchain with an aim to totally stop their operations.

This cyber menace should be dealt with by 2025 or 2030 at the latest.

[Jarman]

“Banks face tough new Bitcoin rules in crypto crackdown

Global proposals forcing lenders to set aside enough funds to fully cover losses could stop widescale adoption of the biggest cryptocurrency

The Basel Committee on Banking Supervision, made up of regulators from the world's major financial centres, said the growth of cryptoassets "has the potential to raise financial stability concerns and increase risks faced by banks".

In a report published on Thursday, the Switzerland-based committee outlined potential risks for banks exposed to the industry including money laundering, terrorist financing, fraud and liquidity risk.

It suggested that the likes of Bitcoin be subject to the highest capital requirements as a result of the concerns. In practice it means that a $100 exposure to assets such as Bitcoin will come with a minimum capital requirement of $100. “

https://www.telegraph.co.uk/business...pto-crackdown/

An elegant way to say tulipvoins are worth exactly that - tulip, whether with smart contracts or not.

ignoring previous (positive) posts are we? spreading potential and speculative FUD are we? You can share millions of ifs, coulds, shoulds, mights, potentially, buts - they mean probably fook all pal.

You could potentially love crypto in a few years but we all know that you'll stick to your inflationary fiat, so it will not matter.

In fact, I am quite happy that you (and your other flat-earther pal @whorty) didn't have anything to say about El Salvador adoption of BTC, because that just proves it - there is nothing to say, while a week ago you were all laughing that crypto will never be a currency, one week later, BOOM! Your face just melted!

Yes, ofc the IMF will have to spread some sh*t about El Salvador because how else will they be making any money? by lending fiat, it's their business model - duhhhhh.

[AtW]

“Banks face tough new Bitcoin rules in crypto crackdown

Global proposals forcing lenders to set aside enough funds to fully cover losses could stop widescale adoption of the biggest cryptocurrency

The Basel Committee on Banking Supervision, made up of regulators from the world's major financial centres, said the growth of cryptoassets "has the potential to raise financial stability concerns and increase risks faced by banks".

In a report published on Thursday, the Switzerland-based committee outlined potential risks for banks exposed to the industry including money laundering, terrorist financing, fraud and liquidity risk.

It suggested that the likes of Bitcoin be subject to the highest capital requirements as a result of the concerns. In practice it means that a $100 exposure to assets such as Bitcoin will come with a minimum capital requirement of $100. “

https://www.telegraph.co.uk/business...pto-crackdown/

An elegant way to say tulipvoins are worth exactly that - tulip, whether with smart contracts or not.

[Jarman]

Price charts and TA is so 2017-18..

Now it's all about aping into degen farms without getting rugged. I believe the term for bag holding these days is having 'diamond hands' or being 'in it for the tech'.

But for us early adopters a bear market at these levels is still significant profit and if it goes sideways we can now stake for income while we wait for the next bull run.

Yea mate, if you know how to trade and how to manage risk, it does not really matter that much if you are in a bull or bear market tho. Again - if you know how to trade

[Jarman]

"even if the bee could explain to the fly why pollen is better than sh*t, the fly would not understand" one for you AtW

[Jog On]

You should try and give it a read on clients' time, it has everything, some interesting tech stuff, war of words from both sides and a charismatic protagonist who can guess price swings via tea leaves with 99% accuracy (but shorted ETH during its path to ATH).

Price charts and TA is so 2017-18..

Now it's all about aping into degen farms without getting rugged. I believe the term for bag holding these days is having 'diamond hands' or being 'in it for the tech'.

But for us early adopters a bear market at these levels is still significant profit and if it goes sideways we can now stake for income while we wait for the next bull run.

[Jarman]

You should try and give it a read on clients' time, it has everything, some interesting tech stuff, war of words from both sides and a charismatic protagonist who can guess price swings via tea leaves with 99% accuracy (but shorted ETH during its path to ATH).

lol - enough said

[TheGreenBastard]

nope, I got in early and I am doing a mix of HODLing and margin trading. I don't know the story behind it, there's close to 900 pages here so it's a waste of time. What happened?

You should try and give it a read on clients' time, it has everything, some interesting tech stuff, war of words from both sides and a charismatic protagonist who can guess price swings via tea leaves with 99% accuracy (but shorted ETH during its path to ATH).

[Jarman]

↑You kept that ↑quiet AtW - probably reading smart contracts as we speak.