Lovely. More schenanigans.

 

I never did understand investing in something that requires electricity.

During a hurricane power outage, (7 days) the local Dollar General was open, but only took cash. No CC and certainly no bitcoin. 🤷🏼‍♂️
If you had scrap silver, $.25 cent silver quarter was worth……yep, $.25 cents. Gold, they won’t take it.

The only thing of value in a MadMax type collapse is ammo, food and water. Just a normal disaster, cash is king.

just my opinion.

 

The only thing of value in a MadMax type collapse is ammo, food and water. Just a normal disaster, cash is king.

just my opinion.

And skills/knowledge.

 

Another ponzi…

 

I've always known Sam was a crooked POS. Also one of the reasons I've always been against Solana. Also, he was Biden's second largest donor and apparently has close family ties to Elizabeth Warren. Birds of a feather...

I feel bad for all the people who have been ripped off. Again, not your keys not your crypto. It'll be 100x worse with CBDCs btw, so I hope everyone is willing to fight that tooth and nail.

 

 

 

Again... when I see someone who is calling for more regulation, more centralized control, and an expanded role of government and central banking for pretty much any industry... yeah you know who the enemy is. Progressives have been against crypto from the beginning, because a truly decentralized, free, transparent store of value is the ultimate enemy to the elite. I'm still very pro Bitcoin and especially Ethereum and it's clear to me that long term they are the only hope against CBDCs and the evil they bring with them.

 

Well then there is NO hope because CBDC is coming and its BTC, ETH etc. that opened the door for it.
I truly believe crypto is something the government has allowed as a training exercise for the masses.
I foresee a future where the only private store of wealth is PM's.

 

A friend is a income tax preparer at a fairly high level, lots of yearly training. Taxes on all sorts of things electronic and otherwise.....beware this next year.

 

The level of manipulation feared is made possible by crypto. I've even seen some suggest that ETH will be what CBDC runs on. It seems a matter pride to some that they were early adopters of Skynet.
Imagine the government shutting off your beer and cigarettes because you were late on your child support.
Time will tell who is delusional.
I don't even own a credit card. We do use a debit card.

 

The level of manipulation feared is made possible by crypto. I've even seen some suggest that ETH will be what CBDC runs on. It seems a matter pride to some that they were early adopters of Skynet.
Imagine the government shutting off your beer and cigarettes because you were late on your child support.
Time will tell who is delusional.
I don't even own a credit card. We do use a debit card.

I'd love to hear your take on how "crypto" enables it. A centralized database is what government will use, not blockchain. Ethereum network would be the smartest/easiest way for the world to go CBDC in a credibly neutral fashion but I doubt that government will because it removes the capacity to rig the game and the Fed doesn't want that. They just need an API for banks and payment institutions to tap into. Effectively all current wealth is already digital, Fed just needs to centralize it. Front end will all look the same to people with banks, credit cards, etc while the back end will be the Fed's CBDC mainframe. Easy peasy.

I mean, technically they could do both. Centralized Fed mainframe L2 that points to Ethereum L1 that other countries use as the base layer.

Again, blockchain really doesn't solve any of the problems and road blocks to CBDCs. Decentralization and neutrality don't really embody the values of big, all powerful government. The largest hurtle is public opinion of moving to a cashless society and that was effectively accomplished before blockchain existed.

On the plus side, the Nigerian experiment failed disastrously but Nigerians may be smarter than Americans. Great thread on their failed CBDC implementation.

 

 

Tom Brady, the winningest QB in NFL history reportedly had his est. $650 million fortune wiped out in FTX crash.

He must have never heard the idiom, Don't put all your eggs in one basket eggs in one basket.

Brady will probably be playing football for a while longer.

How Tom Brady Lost All His Money On FTX

Tom Brady, one of the greatest quarterbacks of all time, has lost his entire net worth on the cryptocurrency exchange FTX, which went…

medium.com

 

“FTX is the safest and easiest way to get into crypto”, Tom Brady said in a FTX commercial

 

 

From what I've read today at least 130 companies will be filing BK after this debacle and experts say the crypto investment business will be pushed back years. BTW his parents are both law professors at Stanford.

 

 

Binance pulled out of the deal already.

 

FTX Founder Spent $40 Million As Democrat Midterm Megadonor

FTX Founder Spent $40 Million As Democrat Midterm Megadonor | ZeroHedge

 

How Tom Brady Lost All His Money On FTX

How Tom Brady Lost All His Money On FTX

Tom Brady, one of the greatest quarterbacks of all time, has lost his entire net worth on the cryptocurrency exchange FTX, which went…

medium.com