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The anti-crypto thread

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njdevilsfan87 said:
Yes, the wild west DeFi 200% volatile crypto collateralized loans with made up algorithmically backed stablecoins, minimal access controls so anyone can join - are very much representative of a mortgage loan based on an asset that has never depegged (USDC) and requires no collateral up front (because even the downpayment isn't exactly that) with 1:1 access control so only you and the lender can actually interact with it. /s

The rules of obtaining a mortgage aren't likely to change much just because funds are being funneled through... Uncle Sam's CBDC network in the future. But the transparency at least should.
Click to expand...
CBDCs like the boston fed's Project Hamilton POC, which aren't cryptocurrencies and aren't trustless?

Despite using ideas from blockchain technology, we found that a distributed ledger operating under the jurisdiction of different actors was not needed to achieve our goals. Specifically, a distributed ledger does not match the trust assumptions in Project Hamilton's approach, which assumes that the platform would be administered by a central actor. We found that even when run under the control of a single actor, a distributed ledger architecture has downsides. For example, it creates performance bottlenecks, and requires the central transaction processor to maintain transaction history, which one of our designs does not, resulting in significantly improved transaction throughput scalability properties.
Click to expand...
 
The pattern holds. Three up, one down.

BTC per year :

2011 +1500%
2012 +299%
2013 +5400%
2014 -43%
2015 +37%
2016 +130%
2017 +1516%
2018 -80%
2019 +80%
2020 +306%
2021 +64%
2022 -64.24%
 
Train said:
The pattern holds. Three up, one down.

BTC per year :

2011 +1500%
2012 +299%
2013 +5400%
2014 -43%
2015 +37%
2016 +130%
2017 +1516%
2018 -80%
2019 +80%
2020 +306%
2021 +64%
2022 -64.24%
Click to expand...
but each successive 3 yrs went up less and less
 
snoopy7548 said:
So you're saying this is the time to put everything I own into Bitcoin?
Click to expand...
i'm mortgaging my house and putting all my $ into the de facto bitcoin surrogate when btc drops to $10k.

Some billionaire said:
when people fear, buy buy buy!
 
Last edited:
Crypto firm Wyre said to shut down as CEO admits "scaling back"

www.axios.com.ico
Axios|11 hours ago
Details: Two former employees confirmed news of the shutdown, with one noting that CEO Ioannis Giannaros informed some via email during the holiday season that the the company would liquidate, and planned to terminate services in January 2023.



Also, there is word that Juno Bank is telling people to cash out their vaporbux as they can't cover them.


"This is an important announcement.

Juno doesn’t custody crypto assets and relies on crypto partners for providing these services. Due to uncertainty with our crypto partner who is responsible for crypto operations for Juno, we strongly recommend withdrawing your crypto assets into a self-custody wallet. You can also choose to sell these assets for cash and keep them secured in your Juno checking account which is FDIC insured up to $250,000 via Evolve Bank and Trust."
 
As far as Recovery? Well ....

US recover ransom paid to hackers by Colonial Pipeline which caused widespread gas shortages

en.mercopress.com.ico
MercoPress|39 days ago
FBI Deputy Director Paul Abbate described DarkSide, the alleged authors of the ransomware that was used in the attack, as a "Russia-based cybercrime group," offering no evidence for the claim.
FBI Seizes 63.7 Bitcoin Allegedly Tied To Colonial Pipeline Hack Ransom

bitcoinmagazine.com.ico
Bitcoin Magazine|2 years ago
The FBI has seized 63.7 bitcoin ... "ability to track and recover digital ransom payments" will continue to be developed. The 63.7 bitcoin seized allegedly represent part of a ransom payment made by Colonial Pipeline, the largest pipeline system ...
 
I've been wondering when a federal investigation will be revealed for Binance. There are bad apples in every one of them.
 
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