JawKnee

A world where it is pointless to go to work? Sign me up!

El Salvador and CAR hold BTC. It's only 13 years old. Just a matter of time before other countries follow and adopt gold 2.0.

Haha. If you think that is going to persist once GDP takes a nosedive then you really haven't been paying any attention. The BOE's .25 point hike last week was derided globally as being miniscule compared to what it needed to get inflation under control. Of course it is designed to make us think they are doing something but they've got a housing market to protect first and foremost. Before you know it, they'll be lowering rates and firing up QE again to bring down government borrowing costs.

As if central banks are never going to print money again. Probably sooner rather than later when QT tanks the economy. Your posts are hilariously short sighted.

I'd love to say but don't want to risk saying more than I should. We are big, mostly retail and commercial banking. Looking at ways we can use smart contracts to streamline complex loan procedures amongst other things. No amount of price depreciation in the crypto market is going to affect this.

Spoken like somebody who has no clue about what they are talking about. 😂 I work for a major bank as a software engineer. We are about to start moving some core operations on to these networks for the efficiencies and innovations they bring to the sector.

Proper capitulation territory. This has some way to fall I think. What makes this different from 2017 is that is is being driven by hedge fund forced liquidations instead of retail. Back then smart institutions were standing on the sidelines picking up cheap crypto. Once in a generation opportunity now to scoop some extremely cheap coins from the whales who have no option but to sell. Might take a while but once the dust has settled, this is going to rebound hard.

Not well but that's beside the point. An aeroplane with proper cockpit controls can still crash. But one with pointless buttons and levers resembling something from the Early Learning Centre raises a whole other set of questions, like "how the ****** is this thing still airborne?"

Most staking systems in crypto are used to secure consensus layer of the underlying blockchain, maintain pegs on stablecoins or secure AMMs. Hex's staking system as far as I can see does absolutely nothing. It exists purely for the sake of printing tokens out of thin air to make holders feel richer so they don't want to sell. One of the biggest ponzis in crypto right now.

A ban means absolutely nothing. Look at China, still happily mining away despite the CCP's own laws.

If it goes sub 22k I'll be buying big

MBS ETF is falling off a cliff. One to keep an eye on! https://twitter.com/NotThatTodd1/status/1520770322475241476?t=H53e0qfoWNcwpFWV0Z_YDw&s=19

They'll be making the sequel to The Big Short if this is anywhere near accurate.

Yes, Eth is expensive to use right now but I don't think that's a bad sign for its future. I don't know much about Elrond but I see their marketers claim to have solved the blockchain trilemma(!), which I'd take with a massive pinch of salt. The amount of times we heard that during 2017 from projects like EOS, IOTA, DAG, BCH etc who in reality all made massive trade offs to either decentralisation or security of their projects. Maybe Elrond is different, but forgive my scepticism for now. The base layer of a cryptocurrency is allowed to be slow and expensive as long as the layers above it scale sufficiently and are still permissionless and as remain as decentralised as possible. Such an ecosystem is analoguous in some respects to traditional finance where the blockchain = SWIFT network taking days to clear/overnight inter-bank settlements and layer 2 crypto = VISA and 'Faster Payments' which clear in seconds or hours. Similar set ups but the blockchain version is superior for its openness and fairness.

Just my opinion but Layer 1 chains have matured and solidified. BTC and ETH are here to stay and will dominate everything, I wouldn't bother investing in anything other than those two as base layer blockchains. That means ignoring the likes of XRP, ADA, DOGE, BSC or any of that nonsense. They simply aren't going to make it in the long run. The big gains are now in nascent layer 2 scaling solutions (TRU), infrastructure (LINK), DEXes (UNI/SUSHI/1inch) and lending protocols (AAVE, COMP, AMPL, SNX) built on top of ETH. These are the building blocks of the upcoming DeFi revolution. Pretty much everything else is fighting a battle which has already been won.