BITCOIN
Bear Markets Create Bitcoiners
Bitcoiners Create Bull Markets
Bull Markets Create Shitcoiners
Shitcoiners Create Bear Markets
Just buy and hold Bitcoin, no leverage. Scams/ponzi schemes like LUNA or Celsius were driving the $btc price to $69,000 USD
Picture of Bitcoin Core Developers
Learn about Hal Finney. Finney is known to be the second-ever user of Bitcoin after Satoshi Nakamoto himself.
Bitcoin whale Michael Saylor urges governments to step in and regulate crypto’s ‘parade of horribles’ By Christiaan Hetzner
Microstrategy CEO Michael Saylor argues the more than 19,000 cryptocurrencies and digital tokens in circulation must be viewed as “unregistered securities” that cannot be likened to a hard commodity like Bitcoin—which has no issuer, no management, no employees, no product cycle, and only a finite supply. “What you have is a $400 billion cloud of opaque, unregistered securities trading without full and fair disclosure, and they are all cross-collateralized with Bitcoin,” he argued He added mainstream financial institutions often won’t touch an asset like Bitcoin “because of the slime that gets onto the asset class from all the unregistered securities.
The Parade of Horribles
“If I make a list of the parade of horribles,” Saylor said, “they’re all going to reasonably reverse in the next 10 years.”
@saylor took the gloves off.
“What you have is a $400 billion cloud of opaque, unregistered securities trading without full and fair disclosure, and they are all cross-collateralized with Bitcoin,” he argued.
Saylor said “added mainstream financial institutions often won’t touch an asset like Bitcoin “because of the slime that gets onto the asset class from all the unregistered securities.”
“He cited crypto hedge funds like Three Arrows Capital, or 3AC, as hindrances rather than facilitators to cryptocurrency adoption.
“The general public shouldn’t be buying unregistered securities from wildcat bankers that may or may not be there next Thursday,”
“The crypto exchanges, offshore and onshore, are unregistered, unregulated and offer 20x leverage, they don’t have mature Chinese walls,” Saylor said, referring to a common practice of keeping various financial services separate to prevent inherent conflicts of interest.
RIPPLE
@RJGonzalez40
INTRODUCING RIPPLE
Meet the latest digital currency, Ripple (XRP).
VITALIK BUTERIN @VitalikButerin
#ETH #ethgate @ethereumJoseph @SECGov @congressdotgov
FEB 26, 2013
https://bitcoinmagazine.com/business/introducing-ripple
What the original Ripple project sought to accomplish is effectively the democratization of this idea: everyone can be their own bank, issuing, accepting and acting as a conduit for loans all at the same time. The project saw some success; the largest current implementations of the idea, maintained by Ryan Fugger himself, can be found at classic.ripplpay.com and villages.cc, and the former has over four thousand users signed up. In September 2010, Sepp Hasslberger wrote that “Ripple is alive and well.”
The Ripple project is actually older than Bitcoin itself.
The original implementation was created by Ryan Fugger in 2004, the intent being to create a monetary system that was decentralized and could effectively empower individuals and communities to create their own money.
Ryan Fugger
IRONY: FROM THE FUGGER BLOODLINE TO BITCOIN
SCROLL DOWN find the FUGGER HISTORY OF BANKING
Fugger History of Banking – The Old Money Overview – How Bankers Get Started
Fugger Family of German financiers who exerted great economic and political influence in the 15th and 16th centuries.
Jackob Rugger : In This Picturesque Village, the Rent Hasn’t Been Raised Since 1520 Tenants in German Enclave Pray Daily, For Good Fortune and the Souls of Bankers