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Actually, I think right now they are trying to do exactly this. Many people are saying the Fed needs to crash the economy in order to bring demand down so they can get inflation under control. From what I read, interest rates in the past always had to go higher than than inflation, and this...

Sierra keeps saying IB is the problem. If you pay for their Denali exchange, I think that fixes everything, but I'm not sure if the symbols match up well for trading, but at least the data should be good. It sounds like Sierra would love for you to use their routing service for orders, but the...

And here is the investigation....

Right, but this doesn't solve anything. Fiat currencies all go to zero eventually. Right now it's a delicate balance of trying to maintain the value of the dollar but not crash the economy. If rates stay high, economy crashes. If they are forced to print, there goes the dollar. There is no...

And the circulating supply of this will be what? And how much will they add every year to dilute the supply? Stocks already take a major dump when a company has to sell more shares to raise capital. With what you describe, governments will just print at will. I doubt we will all be rushing...

I'm not sure either about bridges, but honestly, I would only trust a hardware wallet. When you write down your seed and hide it, there is simply no way to lose your Bitcoin by accident. Your trezor will have to be used for any transaction, and you never enter your seed phrase again. With...

Remember when the London Metals Exchange shut down on the nickel spike I think, simply because the wrong people were making money? And then they even reversed transactions? That is essentially theft for the people who had profitable trades reversed.

This is exactly what I have been saying! And it's not like the market for paper gold where they just let you buy more than is actually available. Sure, some might use futures as a way to get exposure which would suck, but owning the actual bitcoin should hopefully be seen as superior now...

The short version of my answer is the government is FTX. They print up tokens that have no real value or backing. This is essentially fiat currency. Then businesses use fiat currency, and government gets to choose who to keep afloat since they control supply of said currency. But this...

I'm not sure I understand how you can use it as a backup. When I set up my trezor, it gives you your 24 word seed phrase. Does the exodus wallet do the same thing? Will you use the trezor by doing a restore function with the seed phrase you already have? It gets tricky because of the...

Honestly, I don't mind at all. CEO pay is a function of the free market. If shareholders don't mind, there should be no regulation around this. But the problem is that these business aren't operating in a free market capitalist environment. ZIRP policy for over a decade kept horrible...

Excellent points made by Jack. It simply amazes me that the smart people here at ET don't get it. I understand if a banker badmouths bitcoin, or a politician, since they benefit from the ongoing scam that fiat is, but clearly most here don't fall into this category. I wonder what part they...

Sure, you raise a good point. Somewhere there is going to need to be an intermediary when you mix the digital world with the physical world. Perhaps there will be insurance to safeguard against this sort of thing. Much like each sailing of a container ship has insurance incase it sinks on...

I don't think they can since there is no official business in the US. I honestly don't mind at all. People should just understand that you need to hold your crypto yourself. You go on an exchange to buy, and then transfer it. If you use a lending product, understand the risks. For the ethos...

I think there are enough nuances that will take this in a different direction. For example, I remember when I learned about the argument that the taxpayer subsidizes Walmart shareholders. What???? Yes, I said it right. Its because Walmart pays employees so little that most need to be on food...

Thanks for checking out the link and following up... I honestly don't see how the current system is going to survive, so maybe crypto doesn't have to do much. The economy can now only function on perpetual handouts, never mind these high interest rates. But from what I read, this rates are...

Except that this is what we actually get... https://wolfstreet.com/2022/04/03/my-wealth-disparity-monitor-of-the-feds-money-printer-era-holy-moly-april-update-of-the-greatest-economic-injustice-in-recent-history/

Well, do you think the government printed too much money? What will stop them from doing this in the future? Is it even right that they can print whatever they deem is necessary. Look at it this way. Money is what we get for working. Money represents stored work. I exchange my work for...

This is what you don't understand. Why do we need audits if everyone has bitcoin and the blockchain can verify exactly if you have what you say you do? Same thing for transparency... the blockchain already provides transparency. Insurance, sure, buy some if you want, although I'm sure they...

I do actually agree with you here. He should have just quietly sold what he had. No need to announce it, and especially if he really thought it would cause panic like it did. In fact, he may have assumed this is what it would do, and against the best interest of Binance, he wanted to create a...