The largest wire I sent from US to Ukraine was around 5k. It was in USD. No transaction fee on sending end And they receive full amount less few dollars.
my point is that current system does everything that crypto claims to solve. Give me one example of what crypto invented?
There is nothing wrong with Crypto or blockchain. In fact they are great ideas. What is wrong is what was done to create fake value. US, EU and China governments needs to shut down anyone who issues fake money aka stable coins and let real market determine its price just like any other asset on...
I send a free wire from my mobile to Ukraine and it arrive within an hour tops. I used Zelle as example. There are tons of others. Crypto so far did not solve a single problem apart from helping criminals and wasting tons of energy.
That is your lack of knowledge how crypto market operates. it is all about USDT, remove it, allow crypto to be traded in real money, and price would plummet. Fake money has no fear.
I wish I was :D
the argument is still valid. Not a single audit since its inception for BitFinex. Tether is world largest financial fraud and whole crypto market is based on it.
No conflict at all. Dimon does not like or believe in Bitcoin but Chase making money of it. Crypto best usage now is illegal activities, its price is fake but why shouldn’t we trade it???
Germany selling of BTC clearly showed when real money are being asked for BTC interest evaporates.
John,
you are 100 percent right I do know a lot about crypto and how it’s tech works.
I own crypto not because I believe in it. My crypto holding is a bet that Tether fraud does not get busted. The entire crypto market cap is artificial supported by Tethers that are printed out of thin air...
:D
how about Zelle to transfer value. Of sending money via text message. Crypto did not solve a single problem still and created huge ones.
I will personally contact Fink to inform. :D
You missed my point entirely. It has nothing to do with my crypto holdings. I own it, it is a fact that president and vp on board with crypto. Crypto could displace usd as reserve currency. Now, currently its best use case is illegal activities but it is currently. If tether and alike are...
all it would take to destroy crypto US or EU special forces shutting down BitFinex. Crypto then will die and become a small niche thing.
I was not born in US and have travelled and seen the world.
for reason not known to me BitFinex are allowed to exist and compete with world governments.
I know that US does not control BTC. That is my point. They can kill crypto in few weeks should they want to but for some reason they letting it getting bigger and bigger
Pure madness, they supporting destruction of USD as world reserve currency. I understand that we or some of us like crypto, but government should do all that they can to destroy it or make it hard to function :D
exactly. US did horrible things in Iraq and Bush should burn in hell, but US never intended to take away an inch of Iraq, where Putin just wants to conquer independent nation for himself, as if Russia is not biggest territorial country already.
they would still exist but their valuations would have been based on fundamentals and not printed free money. when you have car company that creates 1% of cars having double market cap of all other car manufacturers combined or NVIDEA being worth more then whole German stock market, you know...