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@rdbase. That type of censorship is clearly bad, yes. It will also push away big users. Joe Rogan has already leaving youtube and has made a deal with Spotify for $100m. The deal might only be for the money, however, Alsx Jones who is a close friend of Joe Rogan said that it was because of the needless censorship.
Alex Jones' info wars show was also banned in youtube.
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There is a real chance that the remaining primary contests may be called off. In that case, Biden with 1566 out of the 2704 (58%) of the delegates declared so far will be confirmed as the Democrat nominee. I don't think that any of the other candidates are going to challenge this decision, especially as Bernie has endorsed Biden a few months back. If there is no unforeseen emergency, such as health issues, then Biden will be the Democrat candidate.
But these health issues is exactly what OP considered when placing his bet on a different candidate. And that's something a lot of us here in this thread agree on: Joe Biden's not really in a condition to run a country. Even now he already makes weird statements sometimes and gets things mixed up. But the thing is not over after the election in November. Quite the contrary. The real work for him will only have started. Beeing president is a hard and stressful job. If Biden really gets elected, I doubt he'll be able to serve the full 4 years term. Even if he is having health issues, the media is not going to highlight them. And in a country which is sharply polarized such as the United States, health concerns are always secondary. The Trump presidency since 2016 has polarized the Americans like never before. Now we have only two types of people. Those who want to elect Trump and those who don't. Whether Biden is healthy enough or not, is simply irrelevant here. However, would it continue to be a secondary issue during the 2020 presidential election? I speculate that his mental fitness might become the biggest issue if Biden will do the accidental gaffe during the debates versus Trump hehehe. |
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Ripple users cannot be their own bank because Ripple is centralized. It controls permission on who becomes a validator, control all the rules and the company behind Ripple controls the issuance of XRP.
I reckon many people have a widespread shortage of understanding of basic concepts on the cryptospace.
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However, is education their only goal on their recommendations and future recommendations for the SEC? I am skeptical. This will also be the beginning of the legal and regulatory infrastructure for proof of stake coins in America. I predict if the alliance is successful, it might become a big influential lobbyist for cryptospace law and bill proposals. This is very dangerous for the projects not included in the alliance hehehe.  Evan Weiss, founder of the Proof of Stake AllianceThe Proof of Stake Alliance (POSA) is a very niche trade association on Capitol Hill in the blockchain space. The alliance of Coinbase Custody, Cardano Foundation, Polychain and Tezos, and others such as Bison Trails, AVA, Binance.US, and the Web3 Foundation, among others, looks to provide regulatory clarity around how securities laws at the SEC apply to certain blockchains.
The founder of POSA spoke at Consensus Distributed, a week-long virtual conference, about their goals with the SEC as well as a white paper that was published, and also how they hope to provide standards as well.
Originally reported in CoinDesk, the group’s founder, Evan Weiss, who is also Chief of Staff at Bison Trails, stated the idea the group seeks to convey to the Securities and Exchange Commission (SEC), that entities using stake networks should be seen as service or infrastructure providers, rather than financial product providers.
Weiss noted the group shared recommendations with the SEC, including the idea that investment advice should not be provided to market participants or view staking rewards as a ‘profit opportunity’ and no guarantees on staking rewards.Read in full https://www.forbes.com/sites/jasonbrett/2020/05/14/proof-of-stake-alliance-posa-meets-with-sec-on-blockchain-consensus-designs/#35a29ddf4ed8https://www.proofofstakealliance.org/ |
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I had an idea that Google is going to create its own crypto environment in the future, so they are suppressing the competitor now.
Google is not only censoring news and videos about bitcoin, the censoring also occurs on independent news creators. I reckon that Google is doing this for their politcal agenda. They only want the political storyboards that are similar to their political views. |
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@JollyGood. The replies in here are similar to the replies since the ending of the fight hehehe. Can you change the poll to what fight do you want to have for Tyson Fury? The options clearly being Anthony Joshua and Deontay Wilder hehehe.
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The conclusion of this study by the academics in U.C. Berkeley contradicts the real occurences on the cryptospace. Tether has the highest volume and it is predominantly the supporter of the whole cryptospace market, however, it cannot affect the price's inflation or collapse? I am very skeptical on this study. Zhao Dong, vouches for Bitfinex bank balancesStablecoin issuances do not push up the price of bitcoin or other cryptocurrencies, according to research funded by University of California Berkeley’s Haas Blockchain Initiative.
In their report, issued Friday, Richard Lyons, U.C. Berkley’s chief innovation and entrepreneurship officer, and Ganesh Viswanath-Natraj, assistant professor of finance at the Warwick Business School, found stablecoins serve as tools for investors to react to market movements and not as drivers of price inflation or collapse.Read in full https://www.coindesk.com/stablecoins-arent-inflating-crypto-market-study-concludesYou read that study and also read this article. These journalists are confusing hehehehe. Tether stablecoin settled $212 billion worth of value in 2019.Read in full https://www.theblockcrypto.com/linked/66326/tether-stablecoin-settled-212-billion-worth-of-value-in-2019 |
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@The Pharmacist. Bitfinex claimed that tether is backed 100% again. However, the evidence might only be snapshots on certain dates hehehe. Source https://www.coindesk.com/tether-says-its-stablecoin-is-fully-backed-againIn any case, there are bull and bear tokens created by ftx.com. They are tokens based on a 3x leveraged position on bitcoin. The problem is the only markets available are paired with USDT. This cancels the idea of the bear token for The Big Short scenario hehehe. |
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@carlfebz2. However, who was the real winner? Bitcoin, I reckon hehehe. She was induced by the people to talk about it in front of her millions of followers.
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It appears Brian Armstrong's Coinbase might become America's only powerful bitcoin exchange if the move becomes permanent hehehe. Politics and corruption is also real in the cryptospace.  Brian Armstrong, CEO of CoinbaseA former top lawyer at Coinbase is about to take the top job at a major U.S. bank regulator, at least temporarily.
Brian Brooks, the first deputy comptroller and chief operating officer in the Office of the Comptroller of the Currency (OCC), will become acting comptroller on May 29 after his boss, Joseph Otting, steps down from the role.Read in full https://www.coindesk.com/a-former-coinbase-lawyer-is-about-to-become-acting-head-of-us-bank-regulator |
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@jossiel. It is a movie about some people who knew that there was a scam in the housing debt derivatives market. They were subprime loans labeled as stable loans. However, the market was pumping until it was unsustainable.
Similar to the coronavirus pandemic. Many people are losing jobs, economy is down, business profits down, however, stock market up? Is this sustainable?
Thank you, that's interesting. I guess we have an idea what would be consequences with all of those factors. I haven't found a copy of the movie but will look for one to watch it. It is based on a true story of real people hehehe. It shows the overconfidence of people within the banking system and their readiness to look the opposite direction of the scam to sustain an unsustainable condition. |
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Also, 70% of the total bitcoin trading in the cryptospace is made in USDT. This is an old source, however, I reckon the % might be close to similar at this moment.
@exstasie. Is this really fud,
considering that your percentage is a total nonsense and your title is also a bigger nonsense (Big Short is about the corruption of banks and how they have the economy in the palm of their hands, something that doesn't exist in bitcoin world), yes it is FUD. Coinbase (100% fiat exchange) has ~35% of total volume Bitstamp (100% fiat exchange) has ~22% of total volume Bitfinex (both fiat and tether) has ~17% of total volume -> 89.5% ($22.04 mil) in fiat and 10.5%($2.61 mil) in tether Kraken (both fiat and tether) has ~16.5% of total volume -> 99% ($60.05 mil) in fiat and 1% ($0.5 mil) in tether gemini (100% fiat exchange) has ~4.5% of total volume bit-x (100%(?) fiat exchange) has ~3.5% of total volume the rest are too small to be counted (~2% among 10+ exchanges). that means the total bitcoin trading in USDT is only 10.5%*17% + 1%*16.5% = 1.95% or merely 2%. other tether volumes you see on sites such as coinmarketcap.com is the altcoin trading volume not bitcoin. data is taken from https://data.bitcoinity.org/markets/volume/30d/USD?c=e&t=b and https://coinmarketcap.com/currencies/bitcoin/marketsThe list of bitcoinity.org is very incomplete hehehe. It does not cover all the trading volume of USDT and fiat for bitcoin. Check listed pairs in coinmarketcap.com. I reckon this tells us that USDT volume is clearly more than 2% of the total volume. https://coinmarketcap.com/currencies/bitcoin/marketsAlso, check total volume of all cryptocoins. Tether has the highest trading volume, more than bitcoin, which implies that tether has become a dominating coin in the whole of cryptospace. https://coinmarketcap.com/ |
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@exstasie. Is this really fud, however, and not a reasonable concern for the people in the cryptospace? Similar to The Big Short movie, everyone except for a few were very confident that the housing market would never collapse.
We know the ending of that movie.
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USDT was crticized in this forum because it does not have the 100% backing of real USD. According to Bitfinex, the tethers are backed 100% again. However, how are we certain? Bitfinex also has pending inquiries on the New York State attorney general's office. Whether or not USDT is fully-backed has long been a point of contention. The company has promised an audit of its stablecoin reserves (though it has not delivered one, and has since dissolved its relationship with its auditor), produced a third-party report saying it likely had more funds than outstanding tokens, and had a bank write a letter vouching for its holdings. (The latter two reports both acted as snapshots, only assuring the crypto community that on specific days, Tether’s obligations did not exceed its assets.)Source https://www.coindesk.com/tether-says-its-stablecoin-is-fully-backed-againAlso, 70% of the total bitcoin trading in the cryptospace is made in USDT. This is an old source, however, I reckon the % might be close to similar at this moment. In August, BTC trading into USDT represented 71.23% of total volume (traded into fiat or stablecoin).Source https://www.cryptocompare.com/media/35651527/cryptocompare_exchange_review_2019_08.pdfAre we sitting on a timebomb similar to the movie The Big Short? Dr. Burry, The Big Short |
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@smooth. What would be your suggestion for the leaders of the 2 platforms? My suggestion would be to ignore Steem as a failed project that is now a centralized sham of a blockchain little different from Onecoin or other such scams. If you think that Hive is sufficiently different as to escape that fate then it might have merit otherwise the same thing applies. I reckon this opens a space for another entry of a reddit type cryptospace project. It might be possible to create and develop this on Monero's sidechain, Tari? The whole /r/Monero and /r/Aeon subreddits can be moved there hehehehe. |
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@tromp. What can you say and do about this? I find it very unconvincing coming from a single person who runs shitcoin.com that spreads fear and doubt among the community while pumping and hyping the coins they like. I had to read over much of the GRIN source code due to lack of documentation. The Rust code appeared to be written by someone with very little Rust programming experience.Source https://twitter.com/abrkn/status/1262324530363629569 |
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@jossiel. It is a movie about some people who knew that there was a scam in the housing debt derivatives market. They were subprime loans labeled as stable loans. However, the market was pumping until it was unsustainable.
Similar to the coronavirus pandemic. Many people are losing jobs, economy is down, business profits down, however, stock market up? Is this sustainable?
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Jonny Bones will not stop hehehe. I predict that Thiago Santos, Dominick Reyes and Israel desanya will certainly stop talking loudly about him if he wins versus the big fellow.  Jones and Ngannou have gone back-and-forth on social media since UFC Jacksonville on Wednesday night (May 13). Jones talked about a potential heavyweight run and how he’s beginning to consider it more as time passes. Ngannou questioned just how serious Jones is and the two have since expressed desire in fighting one another.Source https://www.mmanews.com/jon-jones-to-francis-ngannou-ill-expose-you/ |
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