I am not sure if Tether and TUSD with their unsubstantiated claims of "fiat backing" can be considered stablecoin. Though something like MAKR DAI does seem like a stablecoin because of the locked cryptocurrency that backs them.

Also, the popularity of these seems more likely a result of low bank interest rates as well as the negative interest rates that the banks have enforced in developed countries. Anybody would be better off earning interest from staked collateral as an alternative investment. This is not so applicable to the retail investors in developing countries because the interest rates at similar instruments hasn't reached similar abysmal levels yet.

Good try at becoming a meme but i think he isn't just blaming Binance or Alt-coins like everybody else is pointing out. I highlighted the important parts, especially the last line.

I think he is talking about how price has become everything. Those early adopters who became twitter influencers are constantly trying to defend the drops by parroting the same old "Its gud for bitcoin" quotes. Then there is the honeybadger memes on r/bitcoin. Everything is about fucking price and nobody talks about the developers or the new use-cases for bitcoin showing that it can be more. Or even the enterprising streak that the early adopters professed about the new economy.
There has to be something more to the technology than just price..

The macroeconomic parameters of USA at present are anything but strong with it 22 Trillion USD Govt debt out of which 4.1 Trillion is owed to foreign Govts (1.11 Trillion to China). The unemployment rates are high and the Govt Debt will soon come calling as more and more people retire from the workforce.

Right. The "many variables" you talk about is basically the geopolitical clout that USA has which means it can more or less have its own way in agreements and world policies, no matter what it does for climate or for instability in other countries. For example, Trump pulled out of the Paris deal without anyone batting an eye.
The only thing that stand for the USA and they continue to leach off the world is because of their national consumption and USD still being the reserve currency, they can keep printing more of it.
China on the other hand is much more methodical with increasing its own clout in Asia and pushing its currency for the de-facto currency of the world. USA under trump is basically like a drunken brawler with heavy arms while China is the stealth assassin with the right weapons. Its lights out for the assassin IF a few punches land but there is an equal chance that the brawler won't see the knife to the jugular.

I had no idea that there is a parameter that measures number of business failures. Is that like a real macroeconomic parameter? The entrepreneurial streak in capitalist USA makes everyone run after a "successful business". Everyone wants their own gig/ side-hustle to succeed.
This pursuit of financial independence has been so explicitly linked with the pursuit of happiness in that culture that "growth" has become a liability for every individual and community.

The formula of getting a stable job, paying your taxes, raising a family has been overtaken by the need to be successful as well as grow. Who does it benefit at the end? Does it benefit the general populace or those big industries and the state in whose best favor it is to have a hardworking workforce? Depending on an individual's inclination, some people are naturally good at this cut-throat, on-your-feet competition. Then there are those who just don't get it and fall for the mind numbing effects of drugs, sedatives etc.

This constant pursuit of growth irrespective of needs has brought about a lot of winners and relegated a whole bigger lot of losers. I think Gandhi had a point when he said "The world has enough for everyone's needs, not everyone's greed".

The rewriting is going on full swing and you are a favorite target for the gang when it comes to the whole Old devs VS Core devs drama. Nobody has the time and the willingness to go through the actual history. What is especially disappointing in this regard is that r/bitcoin has become a wall of memes and stupid arguments.
Any newcomer would find r/btc to be much more "informative". It doesn't matter if their narrative is wrong. These public logs that you mention can be a treasure trove to solidify the truths of the matter. We should be doing this in mission mode. I am sure a lot of us would be interested in helping you out.

Regards

So an Ex-CEO who almost definitely knew that this Cap-lifting was coming registers a company which then goes on to buyout the right s to .org registry.
Doesn't that make it confidential information and conflict of interest? Isn't there supposed to be a law for board members to not utilize their position for personal gains? In most Govt departments I have seen, you are not allowed to bid for a contract if you are directly related to any officer over-seeing the purchase.

What is this "Truth about Jews"?? The truth about them as a community isn't any worse than that of other Abrahamic religions. If you consider plain wrongdoing and persecution, the Jews are nowhere near the Christians or Muslims in this regard.

Yet somehow, the conspiracy theories are reserved for them. This I think is due to two reasons:
1. Basically just jealousy
2. A general antipathy towards the very interdependent and family life that the Jews represent. LOL, Westerners loves hedonism and materialism. The steadfastness of Jews goes against this but they still manage to be the smartest, wealthiest MFs around including Rothschilds, Goldmans, Lehmans etc etc. All of this anti-semitism is basically the result of this jealousy.

The average westerner resents that how can the Jew be so steadfast about his beliefs and yet surpass everyone in terms of sheer achievement. The western method of individuality and materialism has given the world a lot of positive things too but when it comes to a peaceful and spiritual way of life, Jews as a community have balanced it with success (enormous success) much better.

The western culture on the other hand has come to be defined by basenss, vanity, over-sexualization and its only natural for the average westerner to feel a sense of loss over this.

Theymos started a thread where anybody could share a caption and the most iconic posts in the last 10 years. I think he has randomed the ads section to contain one of those captioned posts.
Here is the link to all of those captioned posts:
https://bitcointalk.org/captions.php?info

Most new technology that comes to mass-manufacturing stage starts in the developed west. When it comes to rare earth elements, it is nothing new that people in developing countries get exploited. If its not rare earth elements then it is working condition of cheap labor in countries like India, Bangladesh.

There have been times when companies have taken positive steps to prevent such things but taking the moral responsibility for the whole supply chain isn't something that can be asked of them. This applies well to countries that have a stable, functioning Govt. For example, Walmart blacklisted one of the suppliers in Bangaldesh after that factory collapse of 2013.

Yet, in countries like Congo, that have actively suffered due to developed country interests (Patrice Lumuba, the post-independence leader of Congo went to US, Canada and UN for help but didn't get any as Belgium convinced them that he was a "communist"), I think people like Elon Musk can take responsibility to ensure that the business they are giving to Congo remains exploitation free and bring the fruits of labor to whatever populace works there. This needs some social media activism from the Africans, if they can agree to rally together.

The history of the loot of Congo and the events that lead to assasiantion of Patrice Lumumba is one of the saddest parts of Modern History. Imagine what Africans could have done with a leader like him at the helm who advocated Pan-African unity in the 50s and 60s.

It is also somehow impossible to understand the  deep hatred that Africans reserve for Africans. Starting from the genocide in Rwanda to the current civil war in South Sudan, almost all the time these people are killing, raping and maiming their own fellows. They have had the concept of a common outsider enemy for almost all their modern history, yet instead of uniting, they have almost always been fighting against each other and letting themselves be manipulated by Western interests.

I followed the Trump Saga interestingly and chuckling along at the clever takes from people like Stephen Colbert etc. Yet, Didn't it all turn out a dud after that less-than-enthusiastic Robert mueller hearing? Mueller wasn't really the forceful, tight-lipped, straight forward tough guy that the democrats and left-media had tried to portray him as. Everyone was hoping, me included, that he would come up with some clear cut evidence of "collusion" and be the end of this misogynistic, foul-mouthed man who says stuff like "Grab'em by the pussy" on camera... I mean the righteous fury to have him put into his place was real.

Instead, Mueller sounded confused and unaware at times. I recall that one senator/ congressman even grilled him over there being no legal definition of "collusion" and that stuff about him not having the power to "exonerate". That was painful.

That was when i realized that this drama is not about Trump but about the left-liberals losing their monopoly over righteousness and all that is good. Trump is a despicable (hillary-term) human with a foul mouth. Yet it is not hard to see that the left-leaning media has its own way of brainwashing people into accepting stupid policies. The left media is conveniently served by the coolest kids in the block with their Stand-up comedies and Yale credentials. In reality, they aren't any better and in fact may be worse for a country in uncertain times. At such times, the man who speaks the harsh truth becomes everyone's favorite punching bag. Don't know if Trump is brave or just quixotic, but he has indeed been brave enough to become that punching bag.

Dude, Its not bitcoin's fault if you choose to hang out with the wrong crowd. There definitely is a lot of greed, being so that money is involved. I  am trying to figure out where envy, fear and lust came in. Maybe you are talking about those Roger Ver and Craig Wright Alts that like to call themselves "The real bitcoin". My sympathies if you fell victim to their manipulations.

When it comes to BTC, it is just a software that started running on humble 2009-10 PCs over the internet. This network then gave birth to a whole industry of GPU-mining, ASIC-mining and peer-to-peer trading. It has opened people's eyes to the fact that Govt. control over your finances should not be taken as unquestionable, especially when they can dilute and eat away at your hard earned savings with the smallest of legislations. That is the Bitcoin that I know.

1. Do your own research.
2. Don't invest more than you can afford to lose.
3. Don't believe people trying to sell you dreams.
4. Lighten up

---

This is a natural concern for people who bought into bitcoin as a Get rich quick scheme. People heard from a friend about a friend who bought them and sold during the 20K ATH. Then they decided to invest into it with a zeal that should only be reserved for things you understand.
The fault lays with those super enthusiastic posts about moon and lambos on twitter and Reddit There was a lot of manipulation too. There are lot of people who will advice you to buy but the best way is to get involved, Stack Sats and only invest the surplus. Use it if you understand it and it benefits you.
The early adopters who held on during wild swings only have themselves to give credit to if their patience paid off. That is true for any investment. Irrational hatred towards them is no use. I do wish though that these so called "millionaires" did more to promote actual economic activity than building their own fiefdoms.

That was Fun.. Love the vibe..Here is the Sequence of Events if you want a shorter version. I highlighted some of the moments i found interesting:

1. Maxwell expressing concern over trolls in old forum


2. Cocern over Devs facing legal uncertainty (Guilt by association)

3. Jeff asks Theymos about new domain

4. Jeff and Theymos argue whats official

5.ROFL @ That was only temporary


6. Jeff asks Theymos to move the "illegal activity" posts. Theymos sticks to the policy.

7. Theymos warms up to the idea with his  Centralization vs Decetaralization remark.

Happy 10th anniversary to the forum and people who have been here since the beginning. Its fascinating to see people like BitcoinFX, Phinnaeus Gage and of course Theymos who posted in that thread and are still here. (BitcoinFX was user 30). Definitely wonder what the first 500-1000 users are doing today, Maybe @LoyceV could run one of his magic numbers and come up with interesting facts about how many of them are active here.

Well, wherever you guys are, you have been pioneers. Thanks for it all.


The next 10 years will be awesome. The concept of a new "Territory of Freedom" is mind-boggling. Here is hoping for a better world with no wars and political machinations that make common people suffer everywhere. Lets make the world Governments realize that the people will not just sit back and watch helplessly as wealthy bankers and Regulators keep hiding their sins in the name of Austerity and Inflation. Spread the Code..

The personal assets mentioned in the article seem to be the Tokens/ Coins that get listed on exchanges post ICOs or other forms of fund-raising. I don't think that trading of these assets actually comprises "Asset Manangement" yet.
In the traditional sense, when you have a portfolio of stocks being managed by an asset manager, they are investing your money into companies that are part of different economic sectors. Depending on the market and business conditions, they make decisions to manage the portfolio in such a way that you end up with a decent return.

On the other hand, calling the trading of Alts vs BTC or Alts vs USDT as "Asset management" is presumptive. This would not be the case if these Alts actually had a live user base and were being actively used for economic activity. Even the most prominent of the Alt-coins like Ethereum, EOS etc have not yet been able to come any closer to launchiung a proper DAPP econsystem. The app that is advertised at the end of the article basically provides access to data on the rates of Alts and BTC in major exchanges. Such API's have existed for a long time and trading bots have been utilizing them for quite sometime. How so you call this "Asset management"?

One of the problems with blockchain solutions is that a lot of times they are trying to solve problems that do not exist. Platforms like Facebook and Youtube are not personal repositories for people that you can complain about "privacy".
If you are so concerned, then there simply is no need to announce yourself to the world.

The other concern is about censorship. We can all agree that certain content does need censorship and should be given no space for propagation. Yet, absolutely disgusting stuff easily finds its targets. Censorship related to ideas is something that is worrisome but it is again only a reflection of the way society is evolving. What maybe cool and politically correct today may not remain so tomorrow. Should the masses all  be left in their own silos of "decentralized platforms" where nobody has any control or can moderate what trolls can spew. I don't think so.

Like Pennyworth told Bruce in The Dark Knight, "Some men just want to watch the world burn". They will spew hatred and venom just for the sake of it. Decentralization doesn't work in this case, Centralization does.

Congrats. Good to have you all around..

His articulating openly that he intends to support open finance does mean something, even if it is under the US Law.I don't think mass adoption will come or that cryptocurrency will fulfill its promise without co-opting the existing systems in some way.
Again, using the "More money in his pocket" argument is very Socialist to me. Even Satoshi holds keys to a million BTC, Right?

You took it as a personal attack so I accept your reply. Yet, My problem isn't like most others in the forum. I am not an early adopter and  couldn't care less after the intial 2017-18 craze whether BTC or crypto makes me rich or not. This is just one of the many things I'll need to do as an individual if i ever hope to get rich.

LOL, Thanks for the quote. Hail the proletariat..

Woah..Seriously Akh?? Nothing big..This is pretty huge. Binance is influential and very pro-active in terms of breaking into new areas as well as doing all sort of "jugaad" to keep crypto economy going (IEO's, Binance Launchpad etc etc.)

First of all, i think it is a validation for WazirX and their CEO Nischal who have been very active on twitter trying to gather enough support from public and politicians. Good for him. Secondly, having a bridge to INR on Binance app should be cool. I don't now how it'll work as i haven't checked it on the app yet. You should also see that Binance is into altcoins in a big way. Most Indians have also had their first taste of crypto through these alts. This means a lot of those Alt-coin hodlers will have easier access to INR through the app.
It lowers a lot of entry barriers. This is good. Thanks for sharing!

This is the kind of stuff I hate to read from people who I consider old blood as far as the forum is concerned. Maybe not to the general bitcoin ecosystem but at least to the forum you can be considered a veteran. It's quite preposterous to say that He is just "some Brian"..LOL This is the CEO/ Co-founder of coinbase you are talking about, the largest , most influential cryptocurrency exchange in USA.

So saying something like "His opinion is not important" is pretty stupid. Brian has had a consistent stand towards enabling Open financial systems and for everyone to be able to have access to finance irrespective of their country and screw-ups by their respective Governments. (Say, Zimbabwe, Venezuela). His Vision statement on the blog is pretty genuine if you want to have a look. For any newbies wanting to understand how cryptocurrency can actually affect the world, its a must watch.
Here is the link:

https://blog.coinbase.com/the-coinbase-mission-vision-strategy-a3d68b0a7d6a