Understanding Blockchain

[amd]

Crypto investors panic during market bloodbath: ‘I will lose my home’

Even the most dedicated crypto “hodlers” showed signs of panic as a sustained selloff of bitcoin and other leading tokens sparks fears that the bubble is starting to burst.

nypost.com

 

[johnwester130]

Crypto investors panic during market bloodbath: ‘I will lose my home’

Even the most dedicated crypto “hodlers” showed signs of panic as a sustained selloff of bitcoin and other leading tokens sparks fears that the bubble is starting to burst.

nypost.com

Only Terra Luna and Anchor Protocol got wiped out

For people who only buy and hold, the situation is fine.

For people new to crypto - it's a perfect entry point

 

[johnwester130]

Someone who may or may not be me predicted all of this


View: https://old.reddit.com/r/ImmutableX/comments/up3816/i_predicted_the_gamestop_partnership_terra_would/

 

[amd]

That particular case was another peg in a long history of failures, nothing new.

That was an example of what can happen when you try to create a "stable" coin, but that is not the main problem (tangent issue).

Is like humans are incapable of learning from past mistakes, cursed to repeat them over and over, but now is digital ..

What people should be focusing on is the end of whatever freedom is left with digital currency:

- Individual micro control
- Programmable money
- Omnipresent taxation
- Over dependency on the power grid

"Cryptocurrencies" are not even close, as you can see, to money or currency. They are very volatile and intangible trading instruments that served their purpose to sell the idea of "digital currency" (if only in name).

Myopic views ignore everything else (another curse), oblivious to what the end-game is.

What makes anyone think that the government won't outlaw anything competing with their digital currency? It has happened before, we have international precedence.

Don't we know the government after all this time? Do we learn to think ahead or we go with the flow?

Now we know they are moving not to a CBDC (central bank), but to "political" digital money controlled by the US Treasury (ECASH != blockchain).

Don't focus on one thing at the expense of everything else (priorities), or you could end up ignoring reality ..

There will always be a few that benefit from the misery of everyone else, so you need to be smarter ..

The infrastructure bill makes crypto tax-reporting failures a felony

Violations of section 6050i of the US tax code carry up to a five-year prison sentence.

qz.com

Crypto advocates have worried for months about US president Joe Biden’s $1 trillion infrastructure bill, which includes new tax reporting requirements for “digital assets” like cryptocurrencies and nonfungible tokens (NFTs).

As legislators inched closer to passing the bill, digital rights advocates lobbied hard against a provision that requires “brokers”—a vague term that could include developers, miners, and middlemen—to disclose identifying information about their clients or users, arguing that it threatens individual privacy and thwarts the anonymous design of crypto.

Unstable Stablecoin: How Crypto’s Crash Broke The Buck For TerraUSD

A popular token pegged to the dollar dramatically collapsed on Monday, causing the crypto market capitalization to lose a staggering $300 billion.

www.forbes.com

TerraUSD (UST), a digital token with a $16 billion market capitalization that is designed to maintain a 1:1 peg with the dollar, known as a stablecoin, nosedived over the past 24 hours. Its price fell below $.65, before somewhat recovering to $0.93 as of this writing. In other words, UST failed spectacularly at the one thing that it was supposed to do - maintain parity with the dollar.

The episode is reminiscent of when the Reserve Primary Fund, a money market mutual fund with $68 billion in assets fell from $1 per share net asset value to $0.97 during the financial crisis after Lehman Brothers filed for bankruptcy in 2008.

 

[Makrosky]

@fico it is also worth keeping in mind that cryptocurrencies are also not as independent and censorship-resistant as they might want us to believe. And not because of the governments, but because of the developpers/miners/exchanges.

An example of this is the Ethereum hard-fork that completely perverted the "code is law" and "the blockchain is immutable" principles. An absolute shame that made me rethink deeply about all the cryptocircus. We are still far to have something close to what they claim it is.

There is money to be made for sure. But at the end you own nothing. Protected by nothing. Very 2030. You are not even safe from the developers, they will save their skin and dump you if something goes wrong. Same for exchanges.

 

[amd]

- Liquidity refers to the ability to quickly and cost-effectively convert assets into cash.

- While Bitcoin and other cryptocurrencies also trade 24 hours a day around the globe, they are far less liquid than other asset classes.

- This means that transacting in Bitcoin or exchanging it for cash can come with a cost and/or time delay.

Again, the question about speculative assets like "cryptocurrencies" is "how much risk are you taking"?

@Makrosky You read a lot of "best-case scenario" information online, but there's an underbelly that most people haven't started figuring out.

 

[Peatness]

The short video was made in 2008

Gaia 2050​

View: https://www.bitchute.com/video/XASS6sTLsCYd/

 

[Peatness]

S1/E17: Aman Jabbi: The Trojan Horse of the Digital Panopticon​

View: https://www.youtube.com/watch?v=p1i3k-zrYWE

 

[docall18]

 

[Peatness]

Alison McDowell Intersections of Finance, Education, Video Games, Crypto, Metaverse and Blockchain​

View: https://www.bitchute.com/video/Zn7DMJYAnnZE/

 

[Peatness]

Aman Jabbi – The Final Lockdown – Street Lights That KILL in Smart Cities, CBDC, Digital ID​

View: https://www.bitchute.com/video/VH3es1KOQryO/

 

[amd]

Good one, should use it more often .. Madoff, Corzine, Bankman-Fried, the list keeps growing.

FTX Sam Bankman-Fried Hiding In The Bahamas:

"I hate what happened and deeply wish that I had been more careful"

Sam Bankman-Fried tries to broker FTX bailout from his home in the Bahamas, despite being booted from the crypto company

Sam Bankman-Fried is hunkered down in an upscale neighborhood of Nassau, still scrambling to raise billions to plug a hole in now-bankrupt FTX.

www.cnbc.com

 

[Peatness]

From 2018 - Helpful for putting bitcoin in context

The Bitcoin Psyop​

View: https://www.bitchute.com/video/FkhUn7nh33Q/


TRANSCRIPT AND SOURCES: Episode 328 - The Bitcoin Psyop - The Corbett Report

2022

What Is The Bitcoin Psyop? - Questions For Corbett #086 - The Corbett Report

This week on Questions For Corbett, Coll writes in to ask about the bitcoin psyop. What is crypto and how does it work? Is it evil? James gets into all the Byzantine details.

www.corbettreport.com

 

[amd]

Technology, nor religion has changed the basic human nature.

What's the point of pretending that you can talk about issues independent of human nature when is not about the tool, but what humans do with it.

And that's why is not hard to foresee the future when you know the past.

Only Terra Luna and Anchor Protocol got wiped out

For people who only buy and hold, the situation is fine.

For people new to crypto - it's a perfect entry point

 

[Peatress]

I don't think people understand that they are building their own prisons

Mother of Conscience Gets Bumped By Social Innovators For Explaining How Children Will Be Securitized on Blockchain

This happened to me today (three-a-half-minute clip below): So much for meaningful community participation and relationship building. This demonstrates that the P3 / NGO complex is a theater of bus…

wrenchinthegears.com