“The US will solve its currency problems, just as they did in 1930s and 1970s at he expense of the whole World by driving everyone into cryptocurrency cloud. Then the US will devalue that debt and start from zero.”
Anton Kobyakov, a senior advisor to Vladimir Putin made a claim that US seeks to leverage its $35 trillion debt into cryptocurrencies and gold, and the devalue it and start from scratch. He made these remarks at the Eastern Economic Forum in Vladivostok. This way US intends to lower the distrust in US dollar.
Here is a more optimistic opinion. The stable coin companies hold part of their reserves in BTC and could be buying BTC in the future.
Hawk Tuah girl became famous for admitting she spits on the cock to lubricate it. For better sex. She got a podcast that became the fifth most watched and instantly made a fortune. And then she got embroiled in a crypto scam…
Meme coins, tokens, and NFTs are financial darwinism. If you are dumb to invest in Hawk Tuah token, you deserve to lose your money.
Dorks online are calling for the bitch to be jailed. I personally wish she gets a pussy pass. She is too pretty for jail. Also, you should only invest in BTC, and if you speculate, you should lose your money, should make the wrong bet.
These scams give cryptocurrency a bad name but what can one do with idiots that watch Hawk Tuah girl, and what is more would spend money on a token she promotes? This kind of stupidity must be punished.
Russia’s largest data center operator BitRiver has partnered with the Russian Direct Investment Fund to build mining and AI computing facilities across BRICS nations.
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“We will focus on creating a mining-based infrastructure – building data centers and connecting them to necessary power sources to enable AI project deployment and development across the country,” said BitRiver CEO Igor Runets according to the announcement.
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The companies cite a global shortage of energy-intensive data center capacity as a key driver for expansion. The initiative aligns with Russia’s push to strengthen its position as the world’s second-largest crypto mining market after the United States.
My plans to own a portfolio of cryptocurrencies have changed abruptly after a moment of mental clarity. Pretty much following my post on analyzing cryptocurrencies, I came to dislike all the altcoins. I am not trading these and I just need the king to hodl. And that’s BTC!
BTC does not have a known founder and the software is pretty much not subject to any drastic changes. There are adresses believed to be belonging to Satoshi Nakamoto but he has never moved his Bitcoin unlike say Vitalik Buterin did with Ethereum.
Also BTC has a limited supply. It is a finite resource. I personally don’t think any of the other coins present an alternative. Maybe Monero with its encrypted transactions could find uses but Bitcoin is king. And there is no place for another.
So I converted anything that I had into BTC, and will not buy anything else from now on.
I found it at the Bitcoin University channel, and somehow this video has altered my desire to acquire certain cryptocurrencies.
So this new Kaspa has this thing called the ghost protocol (Kaspa the friendly ghost 👻) that basically solves the trilema of cryptocurrencies. Guys, I am not very keen on the technicalities of the software but I am very interested in monetary theory, what is money, what is sound money? And the trilema is basically this:
I somehow do not get why these should cause a dilemma. Scalability is basically about the ability to divide the “coin” into smaller units, for instance Bitcoin is divided into 100 million satoshis. Bitcoin would have to get really expensive for its scaleability to be threatened. They say that Kaspa means silver in Aramaic. The authors of Kaspa are trying to sell it by saying that this is silver to Bitcoin that is gold. Bitcoin is not gold, BTC is a fucking software, and silver is shit. 💩
1 oz price, feel the difference?
Historically, silver coinage appeared to make gold scaleable. Every gold coin was worth some amount of silver coins, and silver coins could be divided into copper coins. Every land had a different standard of minting coins, and international exchange rates must have been a nightmare. Gold is a proper precious metal, along with platinum, palladium. Although, I am not sure the other two do not oxidize…
Pure silver also does not tarnish in normal temperatures. But silver is more abundant in nature than any of the other metals mentioned above. I am taking Litecoin from the list of cryptocurrencies I want to acquire. Billing your coin as silver to Bitcoin doesn’t work here.
Another issue is decentralization. Currency should be neutral as possible, it should not be tied to a single entity. Cryptocurrency should not be issued by a bank, crypto exists to circumvent banks. I am wary of coins linked to exchanges like Binance. Kaspa is apparently developed by a team of Israelis and the founder posts pro-Israel tweets.
I personally have nothing against people harboring biases based on ethnicity, this is quite a strong thing. But in this respect, Kaspa has nothing on Bitcoin. We don’t even know, who Satoshi Nakamoto, the founder of Bitcoin is. Nobody has ever seen Satoshi, he doesn’t tweet. It is presumed he owns like million BTC but has never moved his coins. What’s he gonna do with all that Bitcoin remains to be seen. I don’t care if he sells it all, and the price drops, I will pump my financial reserve into it. Trust me, much bigger fish will scoop up that Bitcoin even faster.
Also, there seems to be space for one or very few cryptocurrencies at the top. I think BTC will remain the undisputed ruler but there are other interesting projects that have qualities people find appealing like anonymity of payments like in Monero. If you want a coin that will likely preserve its value, go for Bitcoin, it has a limited supply of 21 million. For instance Pepe coin has the supply of 420 billion (420 😆) coins, and people are wondering whether its price will ever reach $1.
There are some indicators one should follow. The market capitalization and number of transactions in a given cryptocurrency. Either of these indicate a future success of the cryptocurrency but they are an indicator of current adoption. Adoption is very important, basically, there isn’t a space for the myriad of cryptocurrencies there currently are. However, I do leave room for a particularly good cryptocurrency bursting on the scene and becoming really popular but BTC kinda kicks ass and is used everywhere.
So, recently I have identified 7 cryptocurrencies which I want to have in my portfolio by the end of next year…
They are Bitcoin, Ethereum, Cardano, Solana, Monero, Litecoin, and USDC…
Bitcoin, Monero, and Litecoin are projects that I like personally, and that I think have a lot of potential. ETH, Cardano, and Solana can be staked. I wanna see how they behave.
USDC gains interest if you hold it, and can be spent using a Coinbase card. I am mostly investing in BTC and ETH and the other 5 I invest in on the margins.
USDC is a stable coin backed by US treasury notes among others…
I have discovered a new love for crypto but I am a novice crypto hodler. Let me get this straight, so these meme coins and NFTs exist on Ethereum blockchain. Ethereum blockchain is no hidden and transactions can be traced, that kinda sucks. An Ethereum wallet can contain this garbage as long as it is on the Ethereum blockchain. This is a new one for me, fair enough. But I see USDC as well, explain this to me. How did they get the receiving addresses?
Harry Potter?
Why send even shitcoins to the largest investment fund in Murica and perhaps the whole world? You paid for this shit…
Insomniac Resurrected 