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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (171533)5/11/2021 10:16:34 PM
From: TobagoJack1 Recommendation

Recommended By
maceng2

  Read Replies (2) | Respond to of 218083
 
Re << Casper = $40 down to 74c in fast move. Wow! That is volatility. That's a LOT of fun in a week.>>

I observe a few items to give you a sense of the arena of play

(1) I noted before trading open that Message 33316479

at us$ 40 per token. The moment cannot last long, but might foreshadow a bright future.

Public trading starts in three hours and x min

I think it should go to USD 1.00 to suffer its first 99% drop. Even at 1.00 with Casper @ cost-basis 0.011 remains my topmost ever good and fast investment of this life time.

Crypto is a killer app. We greet the future.

(2) eeriest be that it was almost as if ordained, the 99% fall from nirvana, as if programmed into the smart-contract token, to briefly illuminate the future, the bright metaverse, then fade out. A taste, and a come hither

(3) Coinlist, the ICO exchange, did not release the coins of the weak hands or any hands, even as the coons traded as high as 40+ on other exchanges w/o ways of transferring coins from the ICO

(4) begs a question and the only question, “where were the coins traded sourced from? Because even now the ICO coins have not been unlocked from Coinlist, the ico exchange.” The coins traded are not IOUs but actual coins.

(5) the fellow-fellowetteship likely sold coins by right of a fine print, and at modulated pricing, to feed itself, to sustain the ship, so that good works are and continue to be done, for the greater-good

(6) as I am locked in for 12 months, great-good is good for me, and the greater the better, since I do want to be able to recover capital soonest, ideally out of coin earnings due to staking of validation toil, and sell the 6-8% earnings-only at rampaging pricing at 12-months mark, and let the core holdings, the initial coinage, ride at the wheel of good fortune.

(7) I like exponential math function, that which the simpler annual compounding function is riding on top of, governed by the law, or rather THE LAW, metcalfe's law, the law that says numbers matter in the universe, and crypto numbers matter in metaverse
(8) what’s next? Who can know, but I am supposing that an announcement that anything like an IBM endorses the network to its clients, and something like a Wall Street journal tells a tale about anything that mention the ghosts, etc etc would be nice, else the project has no traction and loses the short-attention span and exponential-math-challenged mob

(9) I remain an enforced diamond hand hodler

And am continuing to be rewarded by the largest gain of my life to date

huobi.com






To: Maurice Winn who wrote (171533)5/12/2021 6:14:13 AM
From: Snowshoe  Read Replies (1) | Respond to of 218083
 
"Cry Havoc!", and let slip the dogs of crypto war...

Dogecoin copycats are driving up Ethereum fees and vexing parts of the crypto community
marketwatch.com

If imitation is the most sincere form of flattery, then recent efforts to mimic dogecoin represent a genuine appreciation for the surge in demand for the meme assets. However, some market participants are concerned that a proliferation of dogecoin copycats might end badly for digital-asset investors.

One virtual, China-based cryptocurrency, Shiba Inu, which was minted recently and modeled as a “fun” crypto a la dogecoin DOGEUSD, -1.58%, has seen its value surge in recent weeks along with dogecoin and some complain that it is having a negative effect on the broader crypto market.

The coin, which is sometimes described as an alternative, if not a rival, to dogecoin, has surged more than 1,500% in the past seven days. Even with this rally it was last changing hands at $0.00003296, according to crypto data site CoinMarketCap. com. The coin, which is sometimes described as an alternative, if not a rival, to dogecoin, has surged more than 1,500% in the past seven days. Even with this rally it was last changing hands at $0.00003296, according to crypto data site CoinMarketCap. com.

SHIB, which presumably derives its name from the fact that dogecoin is pegged to the image of a Shiba Inu dog, is now the 19th largest crypto in the world. Dogecoin stands as the fourth largest crypto, according to CoinMarketCap.com.

Creators of SHIB describe it “as an experiment in decentralized spontaneous community building,” and have dubbed it a “DOGECOIN KILLER,” on the website. The creators are also trying to market two other cryptos loosely pegged to SHIB known as Leash and Bone.



To: Maurice Winn who wrote (171533)5/12/2021 10:58:18 AM
From: TobagoJack  Respond to of 218083
 
Gobble gobble and munch munch

Straight out of the gate and going for the head shot

Message 33318024

Crunch crunch



To: Maurice Winn who wrote (171533)5/13/2021 6:20:10 PM
From: TobagoJack  Respond to of 218083
 
gobble gobble crunch crunch crunch chump chump chump ... burb

deers in the headlights

bloomberg.com

A New Global Monetary Order Threatens the Dollar

There's a parallel financial system led by stablecoins that's starting to jeopardize the greenback's status as a reserve currency.

Jim Bianco
12 May 2021, 22:00 GMT+8

Markets

By



Is this the dollar about to become obsolete?

Photographer: Alex Wong/Getty Images

The history of modern finance has seen several monetary orders, from the gold standard of the 19th century to the current fiat-based era starting in 1971. Each period had its dominant reserve currency, starting with gold and then moving to the British pound and U.S. dollar. The current system is 50 years old, about the average length of previous monetary orders.

The lesson is that nothing lasts forever. The prudent should be preparing for the next monetary order, with all signs pointing to decentralized finance using a stablecoin as its reserve currency. How regulators and Wall Street handle this transition will significantly impact the global economy, as it seems destined to happen with or without their blessing.

Cryptocurrencies are decentralized computer networks that run on networks with no on/off switch or an overarching authority that makes rules. The mantra here is “code is law.” Using smart contracts on networks like Ethereum and Solana, an entirely new financial system is under construction. Such architecture aims to cut out the need for traditional banks, brokers, insurance companies, and exchanges for many processes, including collateralized borrowing and lending, market-making, insurance underwriting, and trading.

Stablecoins are cryptocurrencies that have their value pegged to another asset, such as the dollar. Their feature is that they have little-to-no volatility against the peg, making them the ideal trading pair in the cryptocurrency universe. The most widely circulated stablecoins are USDC and Tether. They are designed to be precisely worth $1. Unlike the current international banking system, transferring stablecoins as a means of payment is fast, easy and cheap.

The growth of decentralized finance, or DeFi, and stablecoins has been extraordinary. The dollar amount of coins involved in this space is known as total value locked. According to the website DeFi Pulse, it has grown from $900 million to $70 billion in just a year. It has been doubling about every two months. Since the beginning of 2019, stablecoin turnover has boomed, rising from a few billion dollars a day to an average of $100 billion in April 2021, setting a record of $250 billion on April 16. Stablecoins account for the majority of the daily volume in the crypto universe.

The “real world” is awakening. PayPal Holdings Inc. and Visa Inc. recently announced they would allow payments with stablecoins on their platforms. EBay Inc. is looking into it. Using stablecoins for cross-border payments is getting some serious consideration.

But the awakening is the most pronounced outside of the developed world. A 2020 global consumer survey by Statista found cryptocurrencies are owned or used by 6.2% of U.S. citizens, 5.2% in Germany, and 4.7% in the U.K. But in countries with many unbanked or confiscatory lending and inadequate protections, the percentages jump. In Nigeria, 32% owned or use cryptos, 21% in Vietnam, the Philippines is 20%, Turkey is 16%, and Indonesia is 13%.

The U.S. and Europe enjoy tremendous benefits from the current centralized financial system and the dollar’s reserve currency status. So, it makes sense they are lagging in adoption. What is attracting the developing world to cryptocurrencies? As a paper on DeFi published in December and co-authored by Campbell Harvey, a senior adviser at quant firm Research Affiliates and professor at Duke University notes:

Our legacy financial infrastructure has both limited growth opportunities and contributed to the inequality of opportunities. Around the world, 1.7 billion are unbanked. Small businesses, even those with a banking relationship, often must rely on high-cost financing, such as credit cards, because traditional banking excludes them from loan financing. High costs also impact retailers who lose 3% on every credit card sales transaction. These total costs for small businesses are enormous by any metric. The result is less investment and decreased economic growth.



Matt Levine's Money Stuff is what's missing from your inbox.We know you're busy. Let Bloomberg Opinion's Matt Levine unpack all the Wall Street drama for you.

The current financial system extracts high rents for its services, and those on the losing end are looking for alternatives. Now that these alternatives are starting to look like a parallel financial system that can threaten the status quo, the question turns to what position do developed country financial regulators and banking officials adopt? Do they take the Charlie Munger view that what is happening is “disgusting and contrary to the interest of civilization?” Or do they see financial services as next in line to get disrupted and should be encouraged?

Given the high adoption rates in the rest of the world and how previous bans in China, Russia, Nigeria and India have not stopped its growth, any similar attempts at banning it in the developed world are likely to be equally ineffective. At worst, they could leave the developed world with a lesser role in designing the new financial system.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Jim Bianco at jimb@bloomberg.net

To contact the editor responsible for this story:
Robert Burgess at bburgess@bloomberg.net

Before it's here, it's on the Bloomberg Terminal.
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