Crypto Thread

  • Crypto Thread

    Posted by metta on September 10, 2021 at 3:16 am

    A thread to talk about crypto. Do you have any favorites coins, favorite crypto related people you follow on YouTube/Twitter/etc.?

    BlackFitSenior replied 3 months, 1 week ago 4 Members · 11 Replies
  • 11 Replies
  • metta

    Member
    September 10, 2021 at 3:32 am

    <b itemprop=”headline” elementtiming=”TTVR.ViewsContentHeader”>Biden’s SEC is ready to regulate cryptocurrency

    <b itemprop=”headline” elementtiming=”TTVR.ViewsContentHeader”>https://www.msn.com/en-us/money/markets/biden-s-sec-is-ready-to-regulate-cryptocurrency/ar-AAOgSBd

  • metta

    Member
    November 24, 2021 at 7:13 pm
  • This content has been hidden as the member is suspended.
  • metta

    Member
    December 8, 2021 at 1:54 pm

    Be especially careful with NFT’s

  • metta

    Member
    January 28, 2022 at 12:05 pm

    New bill would hand Treasury blank check to ban crypto at exchanges


    And not just crypto. Provision in the America COMPETES Act would allow Treasury to secretly prohibit any kind of transaction it deems a “concern” without any public notice or input.

    https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/

    • BlackFitSenior

      Member
      June 27, 2022 at 10:25 pm

      EXACTLY.

      The SEC has stepped in at once to deny the average citizen any cryptocurrency investment/interest opportunities. For instance, BlockFi in New Jersey. It offered its patrons up to 8% annual COMPOUNDED interest on crypto placed in their accounts. The SEC sanctioned them because this act directly competes with traditional banks.

      https://techcrunch.com/2022/02/14/what-blockfis-100m-settlement-with-the-sec-means-for-future-of-defi-lending/

      The SEC immediately stopped BlockFi from allowing deposits into interest-bearing accounts–UNLESS the account holders is an “accredited investor”.

      Right now, the cryptocurrency industry is still very young and there remain opportunities for the average person but it’s the intent of the US government to systematically block them until US citizens are denied all opportunities by default.

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  • Sumpter

    Member
    January 29, 2022 at 4:56 pm

    How does one “ban” bitcoin? Any details?

    It seems like it would be like trying to ban barter exchange.

    In practice it’s not really possible.

    • BlackFitSenior

      Member
      June 27, 2022 at 10:10 pm

      By denying access to any crypto platform (like Coinbase) in your country and providing no way to convert bitcoin into a spendable form. A country’s government applies pressure to outside platforms, threatens to impose sanctions if they do business with their citizens–EXCEPT for “accredited investors”. All platforms and exchanges then block citizens from those undesirable countries.

  • BlackFitSenior

    Member
    June 26, 2022 at 11:27 pm

    I do not have any “favorite” crypto, I just want some balanced diversity in my finances.

    I signed up with Uphold.com, a US-based platform that lets me hold wallets in 20+ fiat country currencies, as well as 75+ different crypto coins/tokens, plus digital palladium, platinum, silver and gold.

    ALL are spendable and ALL can be immediately converted into each other. For US members, a free Mastercard debit card is available.

    I like holding many different currencies at once. If suddenly China or Russia finds a way to devalue the Euro or the US dollar, I will already have alternative monetary value and can convert my US dollars to something else (gold, for instance) and make that my standard.

  • BlackFitSenior

    Member
    June 27, 2022 at 10:01 pm

    “I have Bitcoin and Ethereum. Will be interesting to see if they continue climbing. They have been pretty unexciting lately”

    It might be a good idea to think about crypto (and the emergence of new tokens/coins) as a growing new infrastructure in an evolving future economy. For instance, Solana.

    “Solana is an open source blockchain crypto that uses several new technologies to create a decentralized market platform to make scalable and fast applications – decentralized apps (dApps).”