That’s the decentralized part, right?
Crypto is secure and safe, and right now it’s a perfect time to buy the dip! It’s so mainstream now that more and more of the girls I’m matching with on Tinder are sharing amazing crypto investment opportunities, completely out of the goodness of their hearts! Of course we discuss these opportunities on WhatsApp, the most popular messaging service for 30-somethings in the Greater Boston Area. For security. But hey, I got her number!
Sounds like “she” got your number too.
Didn’t this exact scenario play out with that Canadian exchange where the owner mysteriously died? Suddenly the users crypto assets were inaccessible.
I’m calling it now, Coinbase doesn’t actually have their clients crypto. They either loaned it out for more cash or never had it in the first place. I give it another year before this thing blows up. If you have “money” in Coinbase I’d recommend getting it out asap. There’s gonna be a run and they can’t cover it. Because this isn’t real money and they aren’t a bank.
Like… I could make a website where you give me $30,000 and I increment a number in a database saying you have a Bitcoin.
Thrag
2968
And blockchains don’t have the transactional capacity to handle a run.
I’m sure the whales will get out.
Right and they’re doing it quietly right now, as not to cause a run, so regular suckers are left holding the bags.
Just like the real stock market!
ShivaX
2970
Odds are they run the exchange, so, yeah.
Cofeezilla on the collapse of Luna (though it was recorded yesterday so it’s already wildly out of date, lol. Fallen further from $42 to … lessee … $1.80. )
Be sure watch to the end for a teaser of what’s coming next! I’m guessing the guest is talking about Tether.
If Tether goes, it’s going to be really bad for a lot of people.
Lantz
2973
How could Tether go down? It’s definitely backed 1-1 with 90 billion dollars in reserves. They once said it was so it must be.
(looks up Tether today.) Welp on the one hand, Tether’s price has been headed down all afternoon. On the other hand, it’s currently at (drumroll) $0.996 instead of $1.0. So it’s not like like the dam is bursting or anything.
Crypto markets are tanking today. But, then again so is the stock market.
Thrag
2977
Here’s that thread from the terra guy
Not exactly confidence building.
ShivaX
2978
Down 1% and 1.6% vs down 11%+.
Worse if we start looking longer term.
Bitcoin extended losses, dropping below $31,000 for the first time since July 2021, putting its decline from a November record high to more than 50% amid a global flight from riskier investments.
Vs DJIA 12% for same time period.
ShivaX
2980
“Our Stablecoin isn’t remotely stable, but things will be great at some future point in time probably.”
ShivaX
2981
It’s hard to feel bad for a guy who’s entire persona seems to be “everyone else who invests in literally anything is an idiot, but I’m a genius.”
Dude makes fun of real estate like it’s beneath him and then wonders where all his pixie dust assets went to.
