I see crypto as a symptom of a sick economy. Desperate people are easy marks and the proliferation of gambling prays upon that. The same goes for the rise of sports betting and online casinos.
This is how the rich will get richer - at the expense of people who don't understand risks of cryptocurrency! If banks won't touch it, then neither should we!
cryptocurrency is Coin Clipping
Coin Clipping? At its core, coin clipping was a method of skimming precious metals from the edges of coins made from gold or silver. Skimming Financial Data from the Internet a Bit at a Time All Your Money Transactions Clipped!
Oligarchs and grifts are desperately trying to frame a accountability software strategy as merely money, rather than a means to enforce ethical market behavior that truly it is. With the right laws & infrastructure in place aided by tokenized accounting, their exploitation is harder to hide.
Makes me even less interested in crypto. Sounds like the oligarchs want to use it to build distrust for our financial institutions to make a quick buck.
The only value determinant of crypto currency is what the NEXT person will pay for it. It is absolutely worthless, not backed by government, and lacks liquidity. Will some folks make money on it? Sure. But it is rank speculation.
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Call me cautiously pessimistic.
Coin Clipping? At its core, coin clipping was a method of skimming precious metals from the edges of coins made from gold or silver. Skimming Financial Data from the Internet a Bit at a Time All Your Money Transactions Clipped!
Why is U.S. media ignoring all the evidence of ballot fraud, especially in connection to foreign adversaries?
We will not obey in advance. Knock this off and report on BRICS and global oligarchs trying to coup.
https://readtheroom.site/questions/9b9b2349-6a47-42d8-99c1-50e6716b8366
https://www.theatlantic.com/ideas/archive/2025/01/cryptocurrency-deregulation-future-crash/681202/
New regulations (FIT21 or a similar bill) may remove the protection gap, allowing more traditional firms to engage with crypto, which could increase risks and instability.
Hilarious.
He runs casinos as well.
Into bankruptcy.