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What do I think about this news? After being tricked by the announcement of Do Kwon which might only be hype and the news about the Central African Republic's acceptance of bitcoin which might come only from sauces, I am beginning to notice something. There might be some whales out there who want to hype bitcoin out of desperation. This is what I think about this news. I am back to being the skeptical me. Call me the antagonizer again.
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There is still a lot of confusion on this matter, with recent headlines still stating that bitcoin has indeed become legal tender in the country. There are some alleged documents around that back this, although, as far as I’ve been able to see, there is still doubt on their authenticity: 1) Alleged official press release: https://twitter.com/AnitaPosch/status/1519209997212819456The tweet does not state where the poster got the document from. It also cast’s a doubt as to whether it is in effect, or planned to be in effect. Google lens translation: https://twitter.com/bluefish_79/status/1519245407854989314(likely not too precise -> i.e. "establishes bitcoin as the official currency" should, in any case be "establishes bitcoin as an official currency") 2) Alleged crypto law for the CAR: https://twitter.com/FxEnablers/status/1519270144555507713Note that it seems incomplete (despite the poster labelling it as complete), and looks like a regulation of crypto in any case, and not specific to bitcoin. Both the above are being echoed by the media (and me now), although I’m substantially sceptical about the authenticity of either until I see it in an official media (as opposed to someone’s sourceless tweet). Of course, having abandoned the usage of some of the official communication channels does not help whatsoever (unless they’ve changed them and Google still show old ones here and there): https://twitter.com/GouvCFhttp://gouv.cf/Does that imply that everything about this is only fake news from sauces? I am presently shaking my head because much of the articles from mainstream media writes that it has been adopted as legal tender or a national currency, however, you might also be correct that we should be more skeptical about this. In any case this is the latest article I can find that published the news without confirmed sources except for that letter signed by the chief of staff of the president of the Central African Republic. It is not the president that signed the letter. If this is fake news, my compliments to the sauce hehehe. He tricked influencers, bitcoin news media, mainstream news media and much of the cryptospace community. The Central African Republic has adopted Bitcoin as an official currency, the presidency said on Wednesday, making it the first country in Africa and only the second in the world to do so.
A bill governing the use of cryptocurrency was adopted unanimously by parliament last week, said a statement signed by Obed Namsio, chief of staff of President Faustin-Archange Touadera.Source https://www.aljazeera.com/economy/2022/4/27/bitcoin-is-now-official-currency-in-central-african-republic |
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Username: bbc.reporter
Current post count: 9308
BTC SegWit Address: bc1qat8p8lcrcys83cl3e8le5mln8fspuaj2r927wn
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This appears to be very good news that would pump bitcoin to another all time high, however, there are other articles that suggest it will be the employers' decision if they decide to allow it similar to this New York Times article. https://www.nytimes.com/2022/04/26/business/crypto-401k-fidelity.htmlThis is very good for the future of bitcoin's adoption as an investment, however. In any case, through Fidelity's new offering, I am quite certain that this will cause more retail money to slowly enter bitcoin once there is more stability in certain important markets, including the cryptospace have finished dumping and found the bottom. I also reckon that if bitcoin is very much widely adopted by much of the mainstream, we might witness more stability and the pumps of +10% in an hour might not occur anymore. Bitcoin might become normalized and move like something similar to traditional finance investments. Fidelity Investments said Tuesday it will offer investors the option to put bitcoin in their 401(k)s, making it the first provider to offer crypto for retirement savings.
The crypto offering will be available for 23,000 employers that use Fidelity to administer their retirement accounts by midyear 2022. With $11.3 trillion in assets under administration, Fidelity is the nation’s largest retirement plan provider and its decision could make crypto even more popular and mainstream.Read in full https://www.cnbc.com/2022/04/26/fidelity-offers-401k-investors-access-to-bitcoin-a-retirement-plan-first.html |
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This looks like yet another case where terminology leads to jumping promptly to conclusions, without knowing full well the underlying details. The term "adoption" is often maximized to the point of linking it to legal tender. Nevertheless, it can also be tied to softer meanings such as setting a legal framework for it to be used, but not as legal tender. This happened recently when Portuguese island of Madeira was echoed as adopting BTC as legal tender, when in fact, the intent was to make the conditions more favourable on the island, but not reaching the legal tender status. I’ve gone over dozens of articles clearly stating that BTC has become legal tender in the CAR, whist a few have now started pointing to having overdone it again with the interpretation, promptly hitting the headlines. The below article is one of those that states that: - BTC has not become legal tender in the CAR - What has actually happened is that the CAR has approved a framework for crypto usage in the financial markets. The new law would reportedly allow traders and businesses to make crypto payments and also make way for tax payments in crypto through authorized entities.
In any case, I’d wait for "someone" to fully dissect the approved bill (if the can find it – I can’t) to see the extent of the implications. Some frameworks are more favourable than others, and we’ll have to see where this case really falls. See: https://cointelegraph.com/news/the-central-african-republic-reportedly-passes-a-bill-to-regulate-crypto-useI am very sorry for causing this confusion. However, I also searched for other articles, all of them not from the circle jerking bitcoin news media, to confirm this. They all published articles of bitcoin as being accepted as legal tender by the Central African Republic. https://www.businesstoday.in/crypto/story/central-african-republic-accepts-bitcoin-as-legal-tender-331077-2022-04-25https://gadgets360.com/cryptocurrency/news/central-african-republic-bitcoin-legal-tender-bill-el-salvador-2918953https://www.youtube.com/watch?v=2t_WKc7zZR0Also, on the argument if the Central African Republic has adopted bitcoin or not, it is very clear that it has adopted it. I reckon any country that recognizes and allows a currency to be used to pay for their taxes and to conduct business activities is adoption. Is bitcoin legal tender in the Central Africa Republic? I do not know because of that article published in Cointelegraph. But search for the definition of legal tender.Legal tender is anything recognized by law as a means to settle a public or private debt or meet a financial obligation, including tax payments, contracts, and legal fines or damages.Source https://www.investopedia.com/terms/l/legal-tender.aspHowever, you are correct. It is still a mistake to assume until we read the details of the law. |
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There are speculations that Samuel Deebo might leave the 49ers, however there is no news on why he wants to leave or where he will be traded. Will it be as simple as he only want to leave California? If it is really his reason, I speculate that he might be moving somewhere in Texas hehehe. It might also be Nevada? While we still don’t know the precise reason(s) for Samuel’s trade request, the fact that it’s gotten to this point counts as a failure, at some level, by the team. Unless the sole reason is he doesn’t want to be in San Francisco, the 49ers could have said or done something to keep the relationship from disintegrating to this point. And even if it’s as simple as Deebo not wanting to live and work in California and nothing more, his decision to disclose his desire to seek a trade suggests that there’s a level of animosity that shouldn’t exist between an NFL team and such an important player.Source https://sports.yahoo.com/deebo-samuel-continues-intent-leaving-235904205.htmlIt could be as simple as he wants a ring.  For a ring, does this imply that he wants to go to Kansas? There is no more Tyreek Hill in Kansas anymore hehehe. It might also be to the Packers. I just read an article that there is also no more Davante Adams in Green Bay. It might also be the Cowboys? Amari Cooper also was traded to Cleveland. They might have a chance for a good performance in the playoffs. There is also Tampa Bay. I'm sure they would all line up for him but the chances of the Cowgirls getting a ring this year are nil to none. Hehehe, I will only believe that he wants a ring if he accepts a deal with a smaller salary from his new team. I speculate that this might be Tampa Bay or Green Bay. |
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It appears that FTX might become the most dominant major player in the American crypto market hehehe. Sam Bankman Fried and also his VC and market making team at Alameda Research are presently beginning to conquer everything. There was an article that Alameda market makers are the largest borrowers of USDT, rumored to control more than 33% of USDT issued. In any case, has anyone tried using FTX.us before? How good is it if compared with Coinbase or Binance.us? Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, met Goldman Sachs (GS) CEO David Solomon in the Caribbean to discuss potential collaborations between the two firms, the Financial Times reported Thursday.
The two chief executives discussed Goldman Sachs advising FTX, which was valued at $32 billion in January, on future funding rounds and taking a role in a potential initial public offering (IPO), according to the report, which cited people familiar with the matter.Source https://www.coindesk.com/business/2022/04/21/goldman-sachs-eyes-collaboration-with-crypto-exchange-ftx-as-ceos-meet-report/ |
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There are speculations that Samuel Deebo might leave the 49ers, however there is no news on why he wants to leave or where he will be traded. Will it be as simple as he only want to leave California? If it is really his reason, I speculate that he might be moving somewhere in Texas hehehe. It might also be Nevada? While we still don’t know the precise reason(s) for Samuel’s trade request, the fact that it’s gotten to this point counts as a failure, at some level, by the team. Unless the sole reason is he doesn’t want to be in San Francisco, the 49ers could have said or done something to keep the relationship from disintegrating to this point. And even if it’s as simple as Deebo not wanting to live and work in California and nothing more, his decision to disclose his desire to seek a trade suggests that there’s a level of animosity that shouldn’t exist between an NFL team and such an important player.Source https://sports.yahoo.com/deebo-samuel-continues-intent-leaving-235904205.htmlIt could be as simple as he wants a ring. For a ring, does this imply that he wants to go to Kansas? There is no more Tyreek Hill in Kansas anymore hehehe. It might also be to the Packers. I just read an article that there is also no more Davante Adams in Green Bay. It might also be the Cowboys? Amari Cooper also was traded to Cleveland. They might have a chance for a good performance in the playoffs. There is also Tampa Bay. |
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There are speculations that Samuel Deebo might leave the 49ers, however there is no news on why he wants to leave or where he will be traded. Will it be as simple as he only want to leave California? If it is really his reason, I speculate that he might be moving somewhere in Texas hehehe. It might also be Nevada? While we still don’t know the precise reason(s) for Samuel’s trade request, the fact that it’s gotten to this point counts as a failure, at some level, by the team. Unless the sole reason is he doesn’t want to be in San Francisco, the 49ers could have said or done something to keep the relationship from disintegrating to this point. And even if it’s as simple as Deebo not wanting to live and work in California and nothing more, his decision to disclose his desire to seek a trade suggests that there’s a level of animosity that shouldn’t exist between an NFL team and such an important player.Source https://sports.yahoo.com/deebo-samuel-continues-intent-leaving-235904205.html |
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Current number of post (Including this one): 2185
Telegram username: @mimble1wimble
BitLucy username: bbcreporter
Merit earned in the last 120 days: 77
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Are we witnessing only the beginning of bitcoin's adoption as legal tender around the world? What would the world be like if more developing countries and 3rd world countries adopt bitcoin and begin trading each other using bitcoin? Everyone knows I am a skeptic and have speculated these countries accepting bitcoin as legal tender are only doing it for publicity. However, I am presently not certain of this anymore hehe.  The Central African Republic has become the first country in Africa to adopt Bitcoin as a payment currency. In a worldwide first, the National Assembly unanimously adopted the bill to help put the country’s plan for economic recovery and peacebuilding on track.
The minister of digital economy, post services and telecommunications, Gourna Zacko, and the minister of finance and budget, Calixte Nganongo, initiated and submitted the draft law establishing both the legal framework for cryptocurrency regulation and Bitcoin as an official currency in the Central African Republic.Read in full https://forbes.mc/article/first-african-country-adopt-bitcoin-legal-currency-central-african-republic |
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@masterrex. Agreed. For those users who underestimate this and think that this will not happen to them, be careful because this type of attack has a victim already. Where the floor prices presently are for MAYC, there might be more than $200k in NFTs stolen from this user. Hey y’all, let’s see how amazing this community can be. My entire wallet was just stolen. Totally wiped out, MAYC 28478, MAYC 8952, MAYC 7536
Gutter cat 2280 , 2769, 2325
Also stole 100k in ape coin.
Looking for all the help I can get.
100kreward
@BoredApeYC @GutterCatGang
This is how it happened, Got a phone call from apple, literally from apple (on my caller Id) Called it back because I suspected fraud and it was an apple number. So I believed them
They asked for a code that was sent to my phone and 2 seconds later my entire MetaMask was wipedSource https://mobile.twitter.com/revive_dom/status/1514751885126914051?s=12 |
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Defi and NFTs will not only be important elements in the cryptospace, I reckon Defi will be the main element that will serve as basic infrastructure for all digital items created in the cryptospace. This will include NFTs as mentioned and will also serve cryptocoins like Bitcoin, Ethereum, other altcoins and stablecoins. Defi can also serve casinos, DAOs and many other usecases.
Before I had a wider understanding about Defi, I thought it was only another new scam in the cryptospace that will be forgotten. This is because I thought Defi would try to serve real world assets of value that will be tokenized. I was clearly very wrong in this type of thinking. It was when I was beginning to witness the longterm cultural value of NFTs when I realized of Defi's importance as an infrastructure for anything with value in the cryptospace.
In any case, there are Defi projects in the cryptospace already serving NFTs to provide liquidity for them. I speculate they will be the next 10x - 100x projects.
DeFi won't be a thing as long as crypto people are using it to run away from regulators when they should embrace and integrate regulations. For now they work as a proof of conceptbut RegDeFi is where we should be headed. Even Andre Cronje who is basically the godfather of DeFi wants to focus on regulation focused projects now. https://www.coindesk.com/tech/2022/04/19/defi-developer-andre-cronje-teases-new-regulation-focused-crypto-projects/Here's a project that's currently furthest ahead in tech and Regdefi: https://www.youtube.com/watch?v=LqDTGk6yuBgNFTs on the other hand can be used for lots of things. I disagree because there will always be users in the cryptospace who will always be willing to use Defi's infrastructure because the need it. They will need it for loans, they will need it for yields, they will need it for swaps and many other usecases. Regulators cannot do anything to enforce the law because those smart contracts are immutable. Also, you should not trust Andre's words. He rugpulled his followers and made more than $1 billion and he returns with an article telling everyone that regulation is needed in Defi? This is head shaking. |
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Disable icloud automatic backups for Metamask or turn off icloud backups to avoid unrequested backups for the data in your device. Also login to your icloud.com account to see which of your data have been uploaded without your knowledge. You might have personal selfies that you do not want others to see hehehehe. If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds.Read in full https://mobile.twitter.com/metamask/status/1515727239391809536?s=12 |
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It appears that there is a new entry in the algorithmic stable coin market. Justin Sun and his USDD hehehe. According to their development team, USDD will also hold a reserve worth $10 billion similar to Terra's UST. However, it might not be 100% in bitcoin. They only mentioned $10 billion of highly liquid assets. I am quite certain bitcoin will be a big portion of this and it will certainly provide more buy pressure for bitcoin. TRON DAO joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin in human history, making finance accessible to all by applying mathematics and algorithms. As a result, it enjoys perpetual existence without relying on any centralized entities.
The roadmap of TRON-based USDD consists of four stages—1.0 Space, 2.0 ISS, 3.0 Moon, and 4.0 Mars—echoing both mankind’s and TRON's efforts in future space exploration. In 1.0 Space, the USDD management will be entrusted to the TRON DAO Reserve and other major blockchain institutions. The former will be tasked to provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry, use them as an early-stage reserve, keep the exchange rate of USDD stable, and enforce convertibility fully.Source https://www.hejustinsun.com/post/an-open-letter-on-the-issuance-of-usdd-a-decentralized-algorithmic-stablecoin-on-tron |
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The idea of decentralized finance may be good and very promising, but the prevailing question until today is that which particular decentralized platform in the whole wide defi space is truly decentralized? It is easy to claim decentralization, but upon investigated very closely, will there be any single defi project that is really decentralized?
The idea of decentralization is that there won't be any single point of failure. Looking closely at defi projects, could we give at least a single defi project that doesn't have a single point of failure?
I have a similar criticism and have created threads about them a few times. What I can tell you is it is arguable for both sides between if someone replies yes and no. Where would you argue for if you think there is a single point of failure? In any case, this thread is not about that argument. It is an argument about Defi as infrastructure for digital goods, fungible or nonfungible.This might be a antagonistic opinion, however, I reckon the NFT market might become more popular than the fungible cryptocoin market. The cultural value of NFTs appear to be very underestimated by much of the users in the cryptospace. Also, to the skeptics of Defi as an infrastructure for digital goods. 2 years ago I might agree, however, similar to bitcoin's skeptics, the skeptics of Defi who say it will die in a few years will also be proven wrong. |
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It appears that we might have fallen for Elon's tricks again. I speculate that Elon only wants to pump his twitter stocks similar to how he pumps dogecoin. By tweeting about them hehehe. This is only a speculation, however. Elon Musk bought 9% of twitter stock and filed with the SEC a proposal telling everyone that he wants to buy the whole company for $54.20 a share. This filing allows him legally to tweet and say anything to pump the stock in social media. Very much similar to the way he pumps dogecoin hehehehehee. |
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Defi and NFTs will not only be important elements in the cryptospace, I reckon Defi will be the main element that will serve as basic infrastructure for all digital items created in the cryptospace. This will include NFTs as mentioned and will also serve cryptocoins like Bitcoin, Ethereum, other altcoins and stablecoins. Defi can also serve casinos, DAOs and many other usecases.
Before I had a wider understanding about Defi, I thought it was only another new scam in the cryptospace that will be forgotten. This is because I thought Defi would try to serve real world assets of value that will be tokenized. I was clearly very wrong in this type of thinking. It was when I was beginning to witness the longterm cultural value of NFTs when I realized of Defi's importance as an infrastructure for anything with value in the cryptospace.
In any case, there are Defi projects in the cryptospace already serving NFTs to provide liquidity for them. I speculate they will be the next 10x - 100x projects.
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Agreed, the smart contracts are immutable. I speculate that Tornadocash's statement is only for the purpose of protecting itself from the government. They make it appear that the sanctioned wallets are really blocked, however, everyone in the community knows this is impossible to do hehe.
These are just bureaucratic mechanisms, I understand. All these statements about blocking are made for accountability, nothing more. If it were possible to block tornado cash, it would have been done long ago and mixing of stolen ETH would have been prevented. But regulators understand that they are powerless against decentralized services, that's why we see these ridiculous statements. Agreed again, this is nothing more than a frontend block by Tornadocash. Another development team can fork Tornadocash and allow all coins from all sources to be mixed and use all the same smart contracts as Tornadocash. @Yogee. I am only skeptical if the Lazarus group is really from North Korea. Also do not trust everything you read in the news. |
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