What's your opinion on Jack Palmer's thoughts on cryptocurrency?

[Stedsm]

You can read here: https://mobile.twitter.com/ummjackson (there are only those 10 tweets, nothing to scroll)

Although I preach how good crypto is to people I meet. His thoughts do make sense. What do you think?

Yes, they really do make sense.
To me, it's a feeling like we've now become puppets of those so-called institutions who themselves suck toes of banks in order to get their own money, and we were thinking that we've become our own bank holding crypto. I mean, after reading his thoughts and getting very, very much depressed as to what crypto has done to the ones who bought in with their entire life-savings and some even sold their houses to go all in on crypto (it's those guys' choice to sell their coins but still, if nobody would sell, how can someone buy?), if they bought at the top (an altcoin) and it's now less than 30% of its entire value, what would be their condition ATM? I mean, I don't say that stocks and other things doesn't have these things, but then, why the hell are we crying for regulations? So to get into the hands of those centralized powers completely and I guess we are already, as they've taken over everything and even if they drop crypto to its ground after taking their profits, they won't lose anything as that's their agenda.

[maju69]

what is clear, let's see when Dian discusses on the 21st of this month, so we will know where JP's thoughts are going, and without us realizing the impact of the results of the discussion between JP and Elon Musk has a significant impact on the potential of cryptocurrency
Well, at least it will affect the price increase or vice versa, depending on how the conclusion will be.

[Alanaz]

But I disagree that crypto is supposed to replace fiat, it won't happen. Governments around the world are now experimenting with CBCD. But whatever, to each its own.

There is no perfect system.

absolutely right, I agree with what you said about crypto not to replace fiat. for whatever reason it's not very good. because we are still very involved with people living without crypto and of course our job is not to change either. crypto exists in comparison to the value of inflation and thus balance remains the main factor to run the economic order.

[marilynmanson21]

a reasonable argument, but the conclusion of his tweet led to a lot of price manipulation cryptocurrencies supported by crypto influencers. that's what I caught in one of his chirping,
it can be said subtly that he discusses doge subtly whose price has been increased by Elon, here he as the founder of doge also benefits from Elon's tweets

[mrongos]

Lost your savings account password? Your fault. Be a victim of a scam? Your fault. Billionaires manipulating the market? They are geniuses. This is a dangerous type of “free for all” cryptocurrency capitalism which is unfortunately designed to facilitate from the start. From Jack's tweet we can conclude, we must not trust anyone, we purely have to have our own thoughts in the crypto world, we are not encouraged to hate people, but we have to learn from each of their posts...

[mrongoz_imut]

If you say what I think about Jack Palmer's thoughts on crypto,? I will definitely give an answer I don't agree with his opinion, I think JP and Elon Musk are millionaires who want to take advantage of the situation, he posts things that can benefit him, sometimes he posts negative things to scare weak hands, so he can buy a lot of bitcoins , other times he posted positive things about bitcoin, to boost the price of bitcoin, then he started selling their bitcoins,, that's their game..

[Wind_FURY]

I mean, there is some truth to what he said, but correct me if I'm wrong, but isn't there anything new with what he said to anyone with decent knowledge in this space? Most cryptocurrencies being centralized, pump and dumps, manipulation, and other shady stuff and all that. In a mostly anonymous and pseudonymous industry, it's almost guaranteed to have a lot of bad actors.

I believe his tweets tell everyone it’s more than that. He has a deeper point. It’s about this entire “industry”, which he believes has become corrupted, with a kind of corruption which they have in traditional finance, copied within the Bitcoin industry.