It appears that Janet Yellen has a supporter in the Senate and also an old woman like her hehehe, senator Elizabeth Warren. Everyone should also know that Elizabeth Warren is in the senate finance committee and the senate banking committee. This implies that not there will only be executive orders against the cryptospace. There might also be legislation created against it. U.S. Sen. Elizabeth Warren (D-Mass.) backed recent negative comments on bitcoin (BTC, +3.87%) by Treasury Secretary Janet Yellen during an interview with CNBC’s “Squawk Box” on Tuesday.
Asked if she agreed with Yellen’s comments made last month that the cryptocurrency was a “speculative” asset, Warren did not give a direct answer, saying, “I think Janet’s a really smart woman.”
When pressed, she said, “‘Speculative in nature and going to end badly’ – I don’t think Janet left a lot of room for ambiguity.”Source https://www.coindesk.com/bitcoin-warren-yellen-speculative-nature |
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@TopTort777. It is clickbait hehe. He might not be expecting the fans to take him seriously even if he appears to be serious. Paulo Costa certainly knows how to be in the news. He should be an adviser for marketing of an ICO project hehehe.
@Welsh. Agreed. The changes in his training routine only to add more weight in his body might cause his conditioning to have more negative effects than positive. Israel also knows his body. He has experience in light heavyweight and heavyweight in kickboxing.
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@Hueristic. In a fictional world where the president of the one world government, Janet Yellen has begun persecuting miners of the free people's currency, hidden bot mining is the only hope hehehe.
However, the Biden administration might begin to go after bitcoin miners in America. Janet Yellen's statements have not been very optimistic for the cryptospace.
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@bustabitsboy. This type of oppression does not only exist in poor countries in Africa. This is all over the world, in Asia, South America, in Eastern Europe. The people who run the banks and who own much of the economy control the government and the central bank. Do you think their policies are there to help the people get out of poverty hehehehe?
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That's really a sad statement coming from the governor of CBN. They should look into the welfare of their people and how cryptos are helping each of them. I don't think that they look into that stance and instead, they're just doing things according to their interest and not to their people.
The best interest for the people of Nigeria is that, if they're making well with cryptos then why they have to ban it? telling it that banning is in the best interest of Nigerians is misleading.
If reckon any government and central bank from any country will never give up their monopoly and control on currencies. Also, where did you get the notion that they care for their people? Do you think that poor countries are poor only by accident hehehe? |
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It is being speculated that some original miners and early adopters are dumping their coins since December. Why they are doing this is unknown. However, I speculate that they might become early adopters of another project. That project might be the other coin that theymos accepts for copper memberships hehehe. This coin has also received a donation that came from a coinbase transaction of an original miner.  Source https://twitter.com/n3ocortex/status/1364699416012222465?s=12Article about that large BTC dump here, looks like there are several cash outs from a single mining output so kudos to that miner who waited for a decade. Its amazing to think how long these guys has been holding. I wonder why he cashed out one time? I bet there are a lot of other early adopters out there who are only cashing out now. It might because they want to invest on another cryptocoin project, I speculate on its mining infrastructure, or maybe also some project that is not in the cryptospace that needs urgent funding. However, yes they appear to be acting very fast to have their coins sold. |
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Monero botnet miners might like this article hehe. It might also be made to use the private Monero blockchain and the view key for the corresponding public key for untraceability from outsiders. In America, uncensorable mining and unenforceable mining shutdowns might be the future of the cryptospace if Yellen’s crackdown begins. When hackers corral infected computers into a botnet, they take special care to ensure they don’t lose control of the server that sends commands and updates to the compromised devices. The precautions are designed to thwart security defenders who routinely dismantle botnets by taking over the command-and-control server that administers them in a process known as sinkholing.
Recently, a botnet that researchers have been following for about two years began using a new way to prevent command-and-control server takedowns: by camouflaging one of its IP addresses in the bitcoin blockchain.Source https://arstechnica.com/information-technology/2021/02/crooks-use-the-bitcoin-blockchain-to-protect-their-botnets-from-takedown/ |
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Agreed. However, there should be a balance between speculation and emission to acquire the needed hashrate for the security of the coin.
Grin's slow emission gives it a much higher security than other coins in the long term. Coins that keep halving the block subsidy but that do not develop a fee market like Bitcoin does, will face a future security crisis. Also, Grin’s holders will not live for 98 years.
Grin is as much for future generations as it is for the current one. I agree in the longterm, however, in the beginning of a coin with a monetary policy similar to Grin and in the present state of the cryptospace where the only interest is on get rich quick cryptocoins, I reckon Grin is vulnerable unless miners agree to mine with a loss by not selling what they mine. |
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Is another American company that he knows buying bitcoin? I speculate that he might know something and that he might be buying now before the something he knows begins making a move on the market and pumps the price hehehe. |
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@acquafredda. However, the policies created under the Biden administration might still not be good for bitcoin even if she herself knows that what she has been telling everyone is wrong. She does not care if she is wrong. She only wants her billions of campaign funds against bitcoin.
As I have mentioned, higher taxes and stricter licenses for miners in America will be the beginning. I also predict that in America, Asic resistant cryptocoins will become more popular for miners.
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The Las Vegas Raiders will be looking for a star quarterback again to be ready for the fans in their new stadium. There are also NFL articles that say Texans’ Deshaun Watson is unhappy with his team. Other articles are saying that the Raiders wants Russell Wilson. However, Russell Wilson does not want to leave. Deshaun Watson might be the pick? Who are the star quarterbacks available as free agents or unhappy with their teams?
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Establishment talking points:
Bitcoin is "used for illegal activities"
Bitcoin is "not green"
Bitcoin is "risky"
Bitcoin is "volatile"
Bitcoin is "a bubble"
etc. etc.
They will be spouting these and others more and more as they see people moving away from their currencies as a store of value and embracing something else.
Bitcoin is not a threat to the utility of fiat currencies. We need them for day to day transactions.
Bitcoin is a threat to their control of the economy through their manipulation of their currencies.
It also appears that the Biden administration is creating another push for the storyboard that bitcoin is wasting electricity. I predict higher taxes for miners in America and millions of keyboard typing attacks on bitcoin users from liberal social justice warriors in social media. Bitcoiners would wish it was Trump. |
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~snip
An ETF is very good. Bitcoin investment trusts similar to Barry Silbert’s Grayscale does not allow investors to redeem the asset behind the derivative. This traps your money in that market because you can only get your money back by selling the asset. It might be okay if the market is liquid. In an ETF, you can redeem the bitcoins this represents. Investors do have the ability to get the Bitcoin equivalent in their investments but the problem is will these investors have the ability to pull out their money on their own especially when the market is about to go down? These people chose Bitcoin ETF as an alternative for directly trading in a crypto exchange for one reason and that is because they are still or don't have any knowledge how to trade directly in the crypto exchange so maybe they still have the same mindset as a lot of newbies that in order for them to make money is all they do is sit back and watch their money grow. No, Grayscale’s bitcoin trust does not give the investors the ability to redeem for the underlying asset. This requires another type of license and the approval of the SEC. Redemption is only possible on an ETF and none of the applications for an ETF has been approved in America presently. Redemptions of shares are not currently authorizedSource https://grayscale.co/wp-content/uploads/2019/01/BTC-Trust-Fact-Sheet-January-2019.pdf |
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@atenolol. I am quite certain there are types of Wall Street traders who like more volatility because it places well with their trading tactics. I reckon day traders of penny stocks might discover bitcoin and other cryptocoins very attractive for trading. Where can they find a return on investment of 3x in 1 week that occurs every week during a bull market?
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Waiting for next event and Adesanya kicking some polish ass.
 Did Jan Błachowicz hurt you in school and bullied you  . Looking forward for that fight and if Adesanya wins i hope he fights Jon Jones rather than running away again after calling him out a year ago  . My picks for this card is Ramazan Kuramagomedov, Ronnie Lawrence, Sabina Mazo, Magomed Ankalaev and Ciryl Gane. Jon Jones’ next fight will certainly be in heavyweight. He has already dumped the light heavyweight championship like a founder of an ICO hehehe. Why would he return to fight for the belt that he never lost? I speculate that it might also be versus Cyril Gane after his win hehe. |
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@Silberman. I shake my head. How can people in the forum say this? The fiat system is not going anywhere. Do you know that the technology and comforts you enjoy in this time of economic expansion and technological advancement is because of the fiat system?
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Will this be really a good news for the crypto industry or not? Because for me this might be a double-edged sword where the Bitcoin ETF is just confirming that we have a lot of demand and the other part is this Bitcoin ETF entered in the market on a bullish season where everything is up right now. The risk for this investors is more compared to the people who have entered it when Bitcoin was just below 20,000$ meaning the 590$ million assets under management they are handling right now is without any margin of safety and they are relying on Bitcoin going up above the current market value for their investors to have a profit. If everything will fail this could be a multi-million dollar disaster waiting to happen for these investors.
An ETF is very good. Bitcoin investment trusts similar to Barry Silbert’s Grayscale does not allow investors to redeem the asset behind the derivative. This traps your money in that market because you can only get your money back by selling the asset. It might be okay if the market is liquid. In an ETF, you can redeem the bitcoins this represents. |
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The problem is everyone who has witnessed the fast price growth of bitcoin wants this to also occur similar to their next coin held.
For many people, that is the case. They only want to speculate on coins in order to profit. Grin doesn't need to cater to these people. Every other coin already does. But not everyone is like that. Some see the value in having the simplest and fairest emission of 1 per second forever. 98 years from now, when comparing century+ old coins, all of which will have negligible inflation, there will be only one that has been evenly distributed throughout the whole century, much like Gold throughout its history. Agreed. However, there should be a balance between speculation and emission to acquire the needed hashrate for the security of the coin. On Grin it can be argued that it is harder acquire the needed hashrate because of miner sell pressure on the price. This is very dangerous for Grin’s safety from 51% attacks. Also, Grin’s holders will not live for 98 years. |
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It is being speculated that some original miners and early adopters are dumping their coins since December. Why they are doing this is unknown. However, I speculate that they might become early adopters of another project. That project might be the other coin that theymos accepts for copper memberships hehehe. This coin has also received a donation that came from a coinbase transaction of an original miner.
they are dumping since december but why there was no real drop happening in the past months . miners are also like us and the reason why we sell our coins because we want to profit . they are experts and they believe that the price of btc last time was the highest so they sell what they got and they also sell because like what you said they are investing on another new coin but was that coin not the mimble wimble coin something ? because afaik that was the coin that was introduced on this forum before or they might be a new addition in the team . thats cool though The project is called Grin and it is only a speculation. It might also be a biased one hehehe. In any case, this does not appear to be or to cause a bear market. We can only speculate why the original miners are dumping their coins. |
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@tromp. The problem is everyone who has witnessed the fast price growth of bitcoin wants this to also occur similar to their next coin held. For many people, the only way for this to occur is to implement a monetary policy with limited supply which causes scarcity to come much faster than infinite emmission. I reckon we can say that it has become the standard in the cryptospace hehehe.
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