For oligarchs, the rise of digital finance provides large moneymaking opportunities. But for the rest of us, it increases the risk of another financial crisis.
Some thoughts. ⬇️
Some thoughts. ⬇️
Comments
I’m not savvy enough about crypto but that’s how I’m reading this.
Please correct me if I’m misunderstanding.
MAKE OLIGARCHS GREAT AGAIN
"Trump faces his greatest obstacle yet: Vagina Neck" The Daily Show clip here:
https://x.com/TheDailyShow/status/862352883551014913?lang=en
That's wrong...
It'll take LESS THAN 4 years for Trump to destroy US and world economy.
Has no one watched Ozark?
That is the history of crypto.
https://www.ukfinance.org.uk/news-and-insight/blog/do-digital-currencies-and-cryptocurrencies-pose-higher-risk-money-laundering#:~:text=Cryptocurrency%20payments%20can%20also%20often,2022%20estimate%20of%20%2431.5%20billion.
It's all a big scam, designed to support a network of smaller scams, one of which is in turn designed to support an entire ecosystem of even smaller scams.
Crypto is like Chuck-E-Cheese tokens for criminals, absolutely mad we let any of them exist outside very limited and regulated applications.
Just because people have done bad things with cryptocurrency doesn't mean it can't or won't be useful. Bitcoin was designed to truly democratize finance by having a currency that was beholden to no nation and was available for anyone to mine and acquire.
It happened in 2012. Ethereum was barely a blip on the radar at the time. How's that "Lightning Network" coming along, anyway?
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You say this, like it's a bad thing.
VOTE FOR DEMOCRATS IN EVERY ELECTION
#VoteBlueAndGetOthers2JoinU
An issue surely is that governments aren't fully in control of money anymore anyway - less so recently
You may ask.
I forecast that the crypto collapse will be more devastating than the subprime mortgage crisis that tanked the global economy from 2007 to 2009.
Where's Clinton?🦗
Where's Hilary?🦗
Where's Obama?🦗
Where's Biden?🦗
Where's Kamala?🦗
Where's Pelosi?🦗
All we heard was how bad things would be. Now, nothing. Have they given up?
Are they off enjoying a nice peaceful vacation?
Guess we're on our own!
The article, along with added extra links, is in this Bluesky thread.
Tap above the 'article pic' and scroll ⏬
Advancements in quantum algorithms like Shor's could break these encryption methods.
A currency that can not adapt will lose its security foundation and, by extension, its investment value.
A platform like Ethereum can adapt.
They must sell all assets including retirement funds!
That shown you stop people from this type of behavior. They cannot hide behind LLC’s or trusts!
Educated guess: Trump's new cyber currency is key to this plan...