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Totally agree, and it is crazy that we are at a point where banks actually use political reasons against you.

Amazing results. Out of curiosity, what is the basis of your algo? Is it just crunching numbers on prices and volume? Any type of cross market referencing or looking at options to help gauge market direction?

They at least do help people get their accounts back if they have been hacked. Perhaps Jason is just shit posting now in order to steer things in a different direction.

His Twitter account also seems to be hacked. He had a scam post where he offered to send back more Bitcoin if u send him some first, and now I see the account pushing an NFT mint and airdrop. Surprised it hasn't been dealt with yet.

Initially there can be selling from people just being scared and leaving the whole crypto space. I'm personally waiting for some type of credit event to hit the markets, thereby causing a crash, just like 2020, and dragging bitcoin down with it. I want more sats for every dollar! We saw a...

But the question is, does @RedDuke see it? I find it impossible to believe that even without tether, the shrimp army, as you mentioned in an article you linked weeks ago, will be a very powerful force to gobble up all available sats. So even if USDT was responsible for a certain percentage of...

I actually don't think so. I think he has a sincere desire to do good in the world, and given what happened to his uncle and the huge role government had in killing him, he will likely work hard on reducing the corruption within the government.

Phew.... We have reached consensus! LOL I would hate to be on the opposite side of you on a critical issue. I'm actually not in the camp that there can be nothing but bitcoin. The technical innovation of other chains is just too revolutionary to pass up. Things like smart contracts can...

Totally agree here, and I'm glad we can agree on this issue. It can affect many tokens, and I'm sure it will. How do we know that in the future, governments won't attack smaller transactions or even block certain merchants all together? It's all possible once the validating moved to PoS. Of...

Out of curiosity, if you think this will happen, what will be the effect on bitcoin? I would think if it collapses over hours or days, there will be a mad rush into bitcoin. Its not like people can take their USDT to the bank and get cash. If I recall, only certain institutions can actually...

The timing is incredibly good for them right now. The banking collapse back in the spring was brought about because banks were holding too many bonds only yielding 0.25% and hence, if sold vs. held to maturity, would take a massive haircut. And the banks had to sell since they had so many...

You of course have way more experience with all of this than I do. Its too bad you don't like my analogies, but I do believe they are solid, at least I think, as a way to illustrate the difference between was is censorship resistant and what may not be. What I find unfortunate if that you...

Its not a common occurrence, but simply the fact that it can happen has to be taken into account when assessing your risk model. It is actually difficult to dig up information relating to this, which means that it really isn't happening, but there is this headline from a year ago. The...

This I can absolutely agree with. But we also cannot discount the slim chance of Tether going bust. So while holding USDT might make much more sense than a local currency, and especially if inflation is 50% per month, you do have to consider that stablecoins do still represent some risk...

Although I think its more of a bearer asset than cash in a US bank, I think everyone should realize that this isn't really the case when compared to something like a true bearer asset, like bitcoin. There is still huge counterparty risk with USDT, since its centralized, and correct me if I'm...

It is for this reason that most people refer to them as stablecoins, alluding to the fact that they should be stable in price and maintain their peg. The crypto part simply means that the transactions are secured through cryptographic means, meaning math. Even using currency in the word is...

I'm big on presenting both sides of an issue, so here is an excellent FUD piece that actually makes a lot of sense. A follow-up post shows how USDT was transferred from an unknown wallet to Binance, 72 million, and then 72 million of USDC was burned. I guess this allows for the withdrawl of...

He is very pro, and even wanted to back up, I forget what though, with 1% bitcoin. He has already mentioned that what we have is crony capitalism, which is so true. Its always privatize profits and socialize losses. This BTFB program to keep banks afloat is exactly that.

Just wanted to add an update which directly addresses the crowd that thinks people should just get another bank because banks are private institutions anyway. It looks like RFK addresses exactly this and I think he is absolutely spot on. They are absolutely central to the payment system...

Sorry I don't have time for a proper reply, but just one point real quick. You mention the ponzi scheme aspect, and I was worried about this as well. Not exactly ponzi scheme, but a tulip bubble. Once I saw people able to sell coins back for fiat, or use those coins to buy actual things, and...