the lightening network for payments
defi products will need to be secured by the bitcoin blockchain or companies
like fidelity will know have a defi product suite or clients money using defi
algo and 2nd layer / 3rd layer products secured on bitcoin blockchain ( SOVRYN will be a big one )
and ALGORRAND are going to take a large portion of atheneums and new defi
algo smart contracts are going eat way into ethereums MC
Bernanke is behind the curve. There is a pending legislation allowing the Fed to create its own digital coin. The government ultimate goal is all about controlling the flow of the capital. Eventually, the only gateway to crypto world is via the Fed stable coin. The more crypto exchange based in the US, the better. China/Europe had the opportunity, the dropped the ball.
There is a inherent bias of central bankers for alternative currency, they will never admit crypto is going parabolic largely thanks to the Fed endless supplying of cheap liquidity in the last 20 years or so, but they can remove the froth from the assets by taxing or quantitative tightening.
This is a good recap from Bloomberg interview regarding the upcoming Fed QT policy.
There is a inherent bias of central bankers for alternative currency, they will never admit crypto is going parabolic largely thanks to the Fed endless supplying of cheap liquidity in the last 20 years or so, but they can remove the froth from the assets by taxing or quantitative tightening.
This is a good recap from Bloomberg interview regarding the upcoming Fed QT policy.
absolutely , plain and simple. as this
separate from the government .. simply business data is king , data is oil / gold ,
yes or yes ? yes
the government using the st Louis whatever bank whatever annual report says there
best estimate of how much paper and coinage US currency in circulation is within
1 trillion .. there best estimate is that the they can guess within 1 trillion ..
whereas with a digital currency on a blockchain .. they know where every fraction
of a digital penny resides .. and with KYC they are filling in the gaps of the whos
and not the where's ..
slowly the off the grid crypto holdings are dwindling .. and they have methods to close that gap
by allot
the thing slowing down crypto adoption is how are they going to move all the bribery within
ukraine prior to this war that was going one, on chain ?
in any event you are correct im just adding to it
even with your dexes and other methods to use non kyc platforms etc
its a tiny price to pay .. and is people that want have self custody of their finances
and those types need to be perfect one error and they land in their web
that group isnt a pimple on the ass of the money the fed needs to keep its grip on
governments love crypt .. bankers do not , then again the fed Blackrock etc
already making their moves I think usdc will be the , or one of the few , stable coins that will work in concert with a fed coin it might already be a fed coin for all we know
its a tiny price to pay .. and is people that want have self custody of their finances
and those types need to be perfect one error and they land in their web
that group isnt a pimple on the ass of the money the fed needs to keep its grip on
governments love crypt .. bankers do not , then again the fed Blackrock etc
already making their moves I think usdc will be the , or one of the few , stable coins that will work in concert with a fed coin it might already be a fed coin for all we know
this new BiP 119 is actually more proof of the fed infiltrating crypto
bitcoin specifically ..
BIP 119 that no-one wants added to the bitcoin code , it does have a reason to be on a second
layer and there are second layers that it can be integrated into easily I think STAX for example
so why crow-bar it into the code , expediting the vote amongst miners
the " right to a speedy vote" of the miners is more fishy than the functionality
very bad potential if miners vote this bio 119 in
its like how you can't by cigarettes and alcohol with an EBT card
its adding a rule or restriction on certain bitcoins .. primarily restricting which exchange you
can transfer it out from ..
so the government sends you many in the form of bitcoin on coin base for example exchange A..
that bitcoin can only be sold on exchange A
if you took into a. cold storage. and tried to use it a decentralized exchange it would have reject
has to go back onto exchange A to spend it / use it / transfer it to a bank account that is KYC'd
bitcoin specifically ..
BIP 119 that no-one wants added to the bitcoin code , it does have a reason to be on a second
layer and there are second layers that it can be integrated into easily I think STAX for example
so why crow-bar it into the code , expediting the vote amongst miners
the " right to a speedy vote" of the miners is more fishy than the functionality
very bad potential if miners vote this bio 119 in
its like how you can't by cigarettes and alcohol with an EBT card
its adding a rule or restriction on certain bitcoins .. primarily restricting which exchange you
can transfer it out from ..
so the government sends you many in the form of bitcoin on coin base for example exchange A..
that bitcoin can only be sold on exchange A
if you took into a. cold storage. and tried to use it a decentralized exchange it would have reject
has to go back onto exchange A to spend it / use it / transfer it to a bank account that is KYC'd
Great call with ALGO for the future. They've gone under the radar and haven't hit yet. They partnered with FIFI and will get a lot more exposure at the World Cup. I don't think that they'll cut into ETH if ETH2 has 100k/TPS. Right now no one has built on Algo but they have many directions that they could go.
ethereal has Vitalik and he says dumb things off the cuff sometimes
in todays environment like thatbtc does not have a face to say the wrong thing
even if Elon owned bitcoin for example it would prevent some people from using it.
I like the faceless aspect
and I like Algo for many reasons but throw you tps etc out the window
algos smart contract programming language is user friendly and the. fix is in on. ALGO
forget everything else than this, the fix is in on algo
they can wLK INTO the front door of any of the largest entities and have meaningful dialogue
wal mart - amazon etc whenever they time comes they need smart contracts you can bet they will
be on algo over ethereum
im almost certain usdc is on ALGOS chain and Blackrock is involved
algo is a very very very connected organization and they are playing ball
not too mention being carbon negative just for the loons that give a shit about that
but they check that box
having said that , algo is boring as fuck
I would be buying algo systematically with like your children college fund money so to speak
its not a high flier .. they dont pump their fist , or their coins
they run it like a real company and they have a long term goal for domination not
"when moon"
for that short term lots of places to get better cash flow
but long term people will look back and say damn it was right in front of my
face this entire time and I didnt give it the time of day
I would be buying algo systematically with like your children college fund money so to speak
its not a high flier .. they dont pump their fist , or their coins
they run it like a real company and they have a long term goal for domination not
"when moon"
for that short term lots of places to get better cash flow
but long term people will look back and say damn it was right in front of my
face this entire time and I didnt give it the time of day
