https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 Ah, yes. The "Tether truthers." Or in other words, just refute any of the data in the article. Just open your reserves to an audit. Do anything that instills belief that you are not a bunch of fraudsters. Tether's lawyer: "We are legit. nfm"
Congrats to all of you whom have dipped your toes into the ETH waters for the moon ride we are about to embark on
So at the moment, China + Russia + Malaysia + Kazakhstan + Iran account for over 85% of the Bitcoin hash rate. Nice.
lol wait, wut? Bitcoin Twitter shills, can you please expound on this? It does not fit your narrative surrounding this gentleman.
Nice one from Uncle Marty https://tftc.io/martys-bent/issue-914/ Spoiler: FULL TEXT Bitcoin does a very good job of highlighting the deluded lengths some individuals will go to defend the State and call for the shutdown of Bitcoin. Here's an interesting argument from Michael Green, the Chief Strategist at the investment advisory firm Logica; any American who supports Bitcoin is "intentionally undermining the resources available to [their] country or being naive." The act of exerting your free will to use bitcoin as a savings technology or a peer-to-peer medium of exchange means you are complicit in the empowerment of the enemies of the United States. Bitcoin is their lifeblood and supporting the network makes you a bad or naive American. This is probably a very compelling argument for individuals who are driven by fear and a lack of critical thinking skills. Your Uncle Marty won't beat around the bush, bitcoin is certainly competing with the US Dollar as the world reserve currency and I believe it will overtake the US Dollar as the dominant reserve currency within my lifetime. I am an American. I don't believe I am aiding and abetting foreign enemies as they attempt to undermine the US. Yes, Bitcoin enables peer-to-peer transactions that are hard to censor and both myself and some of those the US deems as enemies use Bitcoin. That doesn't mean I'm actively supporting these enemies. It means we both find that the Bitcoin Network serves our needs better than the incumbent system. I get a sound money that can't be debased by a group of subjective micromanagers with PhDs. Enemies of the US are able to access a network to receive and send money around the world without fear of having their transactions censored or funds frozen. This may make some uncomfortable, but it is the truth and it is OKAY. The US government has done FAR more to empower its "enemies" at the expense of US citizens via the Dollar Reserve system than the Bitcoin Network could have ever hoped to achieve in the first twelve years of its existence. Ripping the country off the gold standard and flooding the underdeveloped world with US dollars in exchange for cheap labor for decades on end has harmed the citizens of the United States in ways that may be irreparable at this point. This should be really straightforward for individuals like Mike. Hollowing out the manufacturing base at home and shifting it to countries like China has created extreme wealth inequality in the US while benefiting China immensely. Also, there is nothing that precludes the United States and its citizens from participating in and benefiting from the Bitcoin Network. Mike saying that bitcoiners are "intentionally undermining the resources available to [their] country" is funny to read for me considering what we're doing at Great American Mining, turning previously wasted US resources, particularly natural gas, into productive resources. Helping to make the US more energy efficient and productive in one fowl swoop. If US regulators were to sanction US citizens from participating in the Bitcoin Network, it would only hurt US citizens and the ability for the US to compete on the global stage. People in other countries aren't going to stop running nodes and sending and receiving transactions. They will continue innovating on and utilizing Bitcoin. The US will be left behind. It would be a great shame to see this happen. A people shouldn't be forced to use a currency controlled by a very small group of people who have proven time and time and time and time and time and time and time and time again that they are corrupt, incompetent, and have completely lost control. If you understand how the US Dollar system has been weaponized against US citizens, it actually makes a lot of sense to park some of your wealth in an apolitical and neutral monetary system like Bitcoin. Painting the network as something nefarious that is being used to undermine the US is a misdirection tactic that forces people to actively ignore the fact that the US Government is its own worst enemy.
Academic study on whether tether or other stable coins are driving the btc price. Also has an analysis and critique on the 2017 paper that Husk loved to post about back when I didn’t ignore him. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3672909
Close the thread down. Gamestop is now the official digital store of value. It's the new gold. And institutions ARE BUYING.
Welp - in the month of January, I’ve gone from zero crypto to holding ETH, BTC, XRP, LINK, and UNI - in that order. Probably gonna lose it all, might be a billionaire. 2020’s shaping up to be a wild decade
I don't own it but I'd be proud of 800% or whatever it's at now. None of this shit makes sense anymore so not sure why you're throwing shade at people that own something up 800%, even if it's a joke coin based on a dog.
I’m not throwing shade but more making the same argument as you. It doesn’t make sense, nor does bragging about it. I’m not accusing anyone here of bragging either.
It’s no different than watching people bitch about RH when buying stocks. If I’m throwing any shade it’s how you’re acquiring your coin or stock, so take that FWIW
ive been out of the crypto game since i stopped mining in 2018. You guys mostly buy and hold or do a lot of day trading?
My friend has been mocking his wife relentlessly for stacking doge coin since last February. Today... he might become a millionaire