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re: Anyone mostly crypto and dropping banks?
Posted on 2/15/22 at 12:38 pm to biscuitsngravy
Posted on 2/15/22 at 12:38 pm to biscuitsngravy
Majority of my savings is crypto and it’s been good.
No going back for me. Ride or die homies.
No going back for me. Ride or die homies.
This post was edited on 2/15/22 at 12:39 pm
2
Posted on 2/15/22 at 12:40 pm to biscuitsngravy
I skimmed that article and it was full of half baked lies. not going to read something from dweebs who have no idea what they're talking about
also if you don't like tether. don't use it. other stable coin options
also if you don't like tether. don't use it. other stable coin options
Posted on 2/15/22 at 12:42 pm to JayDeerTay84
most people would rather simp for the state than take sovereign control of their finances.
Posted on 2/15/22 at 12:43 pm to rocket31
Exactly. I do trading bots with 3Commas but Coinbase Pro has more USDT pairs than other stables. I wish this wasn't true.
Posted on 2/15/22 at 12:44 pm to rocket31
quote:
most people would rather simp for the state than take sovereign control of their finances.
as the state slowly encroaches more and more upon peoples sovereignty over their funds, people will gradually be eyeing the crypto lifeboat more and more as well.
In my opinion, of course.
Posted on 2/15/22 at 12:46 pm to rocket31
quote:
also if you don't like tether. don't use it. other stable coin options
yep, and that's great for the space. The day will come where your stable options are plentiful and no one stable dominates the market share. On that day this Tether FUD might finally die because if it did fail it would go out with a whimper instead of a bang.
Posted on 2/15/22 at 12:49 pm to Ross
the separation of economic activity and state is the next step fwd for humanity.
this is just basic human rights and freedom. seems like it would appeal to most types of people on this board
but they've brainwashed everyone into thinking that crypto is just a scam and money laundering and tether is insolvent etc
fascinating that people can still read Bloomberg articles and think they're being forthcoming and honest. they clearly have an agenda
this is just basic human rights and freedom. seems like it would appeal to most types of people on this board
but they've brainwashed everyone into thinking that crypto is just a scam and money laundering and tether is insolvent etc
fascinating that people can still read Bloomberg articles and think they're being forthcoming and honest. they clearly have an agenda
This post was edited on 2/15/22 at 12:52 pm
Posted on 2/15/22 at 1:01 pm to rocket31
For me, the dollar is already in decline. Sunk cost.
This post was edited on 2/15/22 at 1:02 pm
Posted on 2/15/22 at 1:09 pm to JayDeerTay84
quote:Ahem.
No going back for me. Ride or die homies.
Posted on 2/15/22 at 1:43 pm to rocket31
quote:
tether has been audited more times than any bank in existence at this point
Yet have zero documentation to prove it.
They just provide attestation, such which amounts to trust us.
Posted on 2/15/22 at 2:42 pm to UltimaParadox
like every other bank in existence?
what an argument dude. keep going im learning so much
what an argument dude. keep going im learning so much
Posted on 2/15/22 at 6:43 pm to TimeOutdoors
Waiting for crypto's flux capacitor to generate enough intrinsic value to buy me a DeLorean.
Posted on 2/15/22 at 6:53 pm to rocket31
quote:
like every other bank in existence?
Lol, yeah those pesky external auditing requirements by the FDIC. They just ignore those.
FDIC requirements
FDIC financial report requirements
Or those pesky Dodd-Frank stress tests
Federal Dodd Frank stress test
Large firms like PWC who claim to be independent auditors for banks like JPM Chase never actually do anything.
Sure sure
Posted on 2/15/22 at 8:52 pm to UltimaParadox
So we are down to comparing Crypto to banks fricking up the economy in 2009?
Posted on 2/15/22 at 9:26 pm to kingbob
Crypto has become too large and is way too backed by major financial institutions for this to ever happen. If USA suddenly banned crypto exchanges, it would literally crash the entire system.
Posted on 2/15/22 at 9:41 pm to rocket31
quote:
rocket31
Why are you the way that you are?
You just can’t help but say something completely asinine in every thread on crypto/fiat on this board.
Posted on 2/15/22 at 9:44 pm to rocket31
quote:
but they've brainwashed everyone into thinking that crypto is just a scam and money laundering and tether is insolvent etc
A big thing is that most people don’t really understand it. The understand $1 bill. They understand the value of a dollar. They don’t understand the value of 200 Shiba that they had to pancake swap on Meta Mask.
If that’s an ignorant example it’s because I, like most others, am ignorant when it comes to crypto.
Until that changes, government propaganda and misinformation is going to be very effective at holding crypto back.
This post was edited on 2/15/22 at 9:46 pm
Posted on 2/15/22 at 9:51 pm to Sgt_Stedenko
quote:Good luck. Centralized exchanges are no better than your typical bank accounts. I'm 100% decentralized and only use a cex as fiat on/off ramp.
Not Dropping, but definitely leaning more towards Crypto.com (Indigo Visa) and their 10% rewards.
Along with Coinbase / staking / and their Bitcoin rewards card.
KuCoin for stacks of XRP.
Posted on 2/16/22 at 12:04 pm to slackster
the way I am?
what do you mean. you dweebs have been misleading people about stonks and fiat for 5 years plus now on this board
5 years that they could have taken a large position in Bitcoin or eth
you should be ashamed. it's sickening
what do you mean. you dweebs have been misleading people about stonks and fiat for 5 years plus now on this board
5 years that they could have taken a large position in Bitcoin or eth
you should be ashamed. it's sickening
Posted on 2/16/22 at 12:09 pm to supadave3
quote:
Until that changes, government propaganda and misinformation is going to be very effective at holding crypto back.
I agree with you.
then there is a large group of the population who would rather simp for banks than take sovereign control of their finances
dweeb types who need a credit score to finance things. ignore them at all costs
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