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@Kakmakr. Agreed. Similar to any type of new technology that causes a foundational change on how we were doing things, there will always be the traditionalists like government or an outdated corporation who will fight this development to maintain the old order of things. In the cryptospace, it is also happening. There also many cryptotraditionalists who are rejecting Defi, ICOs and NFTs.
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@kidbounty. The layer 1 blockchain projects with strong communities are only Ethereum and Binance smart chain. I reckon if you still hold tokens in those other blockchains with weaker communities, it might be good for you to sell them now. Much of them will not be noticed on the next bull market where it will be the newer projects that will get all the hype.
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@PlataOcrypto. Do you as issuer of the NFT have a marketplace for them for buying or selling? It would be very helpful for potential investors to see a floor price and it will certainly create more interest if the NFT can be sold at higher prices in Opensea or Looksrare. In any case, Putty Finance might be useful for you and the holders of Platao's NFTs. I reckon maybe NFT issuers can work with them. https://testnet.putty.finance/https://docs.putty.finance/overview/introductionDefi options and other Defi platforms to extract value and create liquidity for NFTs might be the future of services like yours. |
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After the listing of Coinbase's shares on the stock exchange, we saw more transparency, although it is not a good thing, but the central platforms get a lot of information and may contribute to the manipulation that sometimes occurs.
If we compare Binance and coinbase in listing policies, Coinbase is better, But does anyone know any information about the assets that will be listed? It's the first time I've heard all of them.
I have heard of only Media, Stepn in Solana, the stablecoins and the tokens of Defi services Dappradar and Dextools. There others appear to be going to obscurity or will go to obscurity in the next bear market. In any case, the chosen token by Coinbase is Stepn. It is the first project to release a token for the cryptospace's new move to earn storyline where users walk, jog and run to earn tokens. This is yield farming through exercising hehehe. |
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Elon "did" managed to influence bitcoin, mainly doge but I am sure some of that helped bitcoin price to go up as well, specially that 1.5 billion dollars purchase news. Twitter purchase could impact it as well if he somehow integrates it into twitter as well but aside from that I do not see any connection. Twitter is already filled with crypto influencers, unless something changes about that subject, leaving it as it is shouldn't really be a big problem. Even the news of him trying to buy it increased doge which makes no sense, there will no sustainable increase but hypes like these, but it will always be temporary if he doesn't connect the two together.
The community should return to reality. Elon Musk made a margin loan of $12.5 billion to buy Twitter. He used $62.5 billion of stocks of Tesla as collateral for this. It is speculated that if Tesla dumps by 43%, Elon will have a margin call. This -43% dump is when the price of Tesla stock is $571. The American economy, similar to other countries' economies, might enter a recession. $571 per Tesla stock is very much a possbility if we enter a recession. What do companies do if they take risk and needs more liquidity? They sell assets. What is one of the easiest assets to sell that Tesla owns in their treasury? Assuming a starting value of $1,000 per share, the margin call comes at a share price of $571, at which point Musk would have to find $2.6 billion to lower the outstanding amount of the loan and bring the loan to value ratio down to the reset level. This could force the sale of some of Musk’s Tesla shares, putting downward pressure on the share price and lowering the collateral value further.Source https://seekingalpha.com/article/4503494-tesla-stock-as-collateral-to-buy-twitter-avoid-buy-the-dipAlso, there were articles that Michael Saylor has also made loans against Microstrategy's bitcoin as the collateral. |
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I reckon it might look very similar to the bear markets of the past where much of the other attempts of the old layer 1 blockchain projects have failed to help the growth of their ecosystems. Fantom, Atom, Avax, Terra, Algorand, Cardano might slowly enter obscurity similar to Nxt and Nem.
There will also be many failures of tokens issued in those layer 1 blockchain projects. The development teams of those projects might dump and leave the project or just leave and let the projects die. I also speculate that it might also be a similar occurrence in the NFT ecosystem. Teams will run out of money and leave.
Much of the gamefi ecosystem will also die with only a very few of those projects to survive. We are presently already witnessing this.
The projects that were created during the bull market will have their first token unlocks this year and next year which will cause more selling and dumping on their communities.
Also, the regulators will be coming and this will cause more fear and pressure within the cryptospace.
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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.
100% right. At least you learned your lesson about getting tricked by hype etc. Remember that even El Salvador was kind of a move by big bitcoin whales in the Miami conference. I don't think personally the president ever thought about it himself, the idea was just planted and they did everything, all he did was sign the presidential decree (obviously it had to be since the people never heard about it much to say even voted). We all need to be smarter than taking sauce  Bitcoin's recognition as legal tender or an official currency in many countries will be good, however, El Salvador and the Central African Republic being 3rd world countries, their implementations for infrastructure will be with many failures similar to El Salvador's Chivo wallet. This also does not make a bitcoin pump to a new all time high a certainty. An argument can be made that all the weak hype articles are only stories created out of desperation. I speculate a whole cryptospace market dump within this year. Everyone hyping for all time high on 2022 will be wrong. |
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<…> Does that imply that everything about this is only fake news from sauces? <…>
Not necessarily. I’m currently more lenient to remaining sceptical, being there a lack of proper official source so far. I often try to go to the root source (or nearby) as a habit on relevant news, but it seems quite a task so far to move away from some stray tweet from a non-official source. The amount of noise on the matter from all sorts of media, reputable and whatnot, suggests that there is likely something that is taking place, and it could turn out to be true, but we have seen recently how some new get blown out of proportion in a widely fashion, and how bitcoin legal tender was being attributed to Madeira, when the reality is a watered down version, closer to favouring its use there than anything else. My scepticism may well be proven ungrounded in the aftermaths, and I really hope it is by finding a proper source and the real details behind of how it is going to be played out. Amongst other issues, the estimate of population with internet in the country is only 7,1%, which is a massive handicap to address in the bitcoin as a legal tender scenario. Edit: This seems to be the president's Twitter: https://twitter.com/FA_TouaderaAnd this the press release found on a post on his account, which brings officiality to the matter: https://twitter.com/FA_Touadera/status/1519300171615592448?cxt=HHwWgICzxZvd0ZUqAAAABill: see complete law here: https://bitcointalk.org/index.php?topic=5396366.0Looks real now, although I don't get the incongruence between making bitcoin legal tender and the bill that verses on the term "cryptocurrencies" in general (look at articles 10 and 11 in prior link). I speculate that what it might be is the government of the Central African Republic is making their jurisdiction open to all of the cryptospace and not favoring only 1 cryptocurrency. Does this imply that it is on the business owner to make the decision of which cryptocoin he wants to accept? This would be similar to gambling sites in the cryptospace where they can accept bitcoin, litecoin, dogecoin and many others to choose from. You are correct that this news is being blown out of proportion again. However, my argument before is if a government recognizes a currency by law as a means to pay taxes, settle debts, payments and other financial obligations, does this not imply that the currency recognized is legal tender? |
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Completely forgot that there is going to be Jake Collier vs Andrei Arlovski fight this weekend. This guy, Arlovski just cant get enough of fight. 43 years, 55 fights in professional career, been in UFC for 22 years. Again, Arlovski is sort of a card feeler, as his opponents record is like zebra - win/lose/win/lose... Arlovski has replaced Justin Tafa, who withdrew from fight. Well, that does not make Collier fight easier  I think Arlovski is going to win this fight (because Collier won previous fight and "zebra" rule gonna be used here ) Agreed with your bet. Also, Andrei Arlovski is winning his last 3 fights versus other fighters with no names very much similar to Jake Collar hehehe. Arlovski's last defeat was versus Tom Aspinall. However, Aspinall has shown that he is championship material during his last fight versus Alexander Volkov where he won easily. |
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@DireWolfM14. Carolina Panthers and the New York Giants are the only teams that picked players for offense as of now. However, they are not quarterbacks, wide receivers or running backs. This draft is very different from the draft of last year. Last year was very exciting beginning the pick with Trevor Lawrence with other teams picking their own quarterbacks that might be the future of their franchises hehehe.
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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.htmlYou will notice this is a growing trend in the NFL. More and more you see guys making a huge fuss about things they wouldn’t have in the past. A lot of it having to do with the franchise tag, that of course the players and their union hate. I don’t see Deebo going anywhere. Just like how Kyler Murray who removed all his Cardinals photos from instagram isn’t going anywhere. This is how they get teams to meet them halfway, or give them what they want either the next year or when their contract comes due. I reckon if Deebo wants to be traded to win a ring, I speculate Kyler Murray is making it appear he wants to be traded to get a bigger contract offer than his present contract hehehe. However, there were some teams where he was rumored to be traded. Las Vegas is not one of them which might be the most suitable for him if the Raiders wants to replace Derek Carr. |
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@Sir Legend. We should begin to become more skeptical about Do Kwon and the purpose of his $10 billion bitcoin buy announcement, I reckon. Was it to hype bitcoin? This did not work. Was it to hype Terra? That did not work also. Will Terra hold $10 billion in bitcoin in their treasury? Where will this $10 billion come from? By printing UST? However, Terra will only print UST if there is demand in Terra's Luna token.
It appears being a contrarian where the market is bearish, I want to be bullish has made me become less skeptical and more of a hypeman.
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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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