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USA's national debt
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2024-08-01 at 4:32 PM UTC
Originally posted by Charles Ex Machina theyre already in the process of doing that.
under trumpf, the fed reserve is going to print near unlimited money to buy bitcoin and using bitcoin as their new reserve currency.
bitcoin will then just be as worthless as fed reserve notes but the bit-diots wont be any wiser to realize this and will continue to perceive bitcoins as real "currency".
That is abolishing the dollar not the fed dumbass. -
2024-08-01 at 5:02 PM UTC
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2024-08-01 at 5:18 PM UTC
Originally posted by Donald Trump https://www.usdebtclock.org/
Can't believe I missed the $35,000,000,000,000 rollover.
OMG look at the GDP
it's higher than our GDP. this is scary. keep lifting the debt ceiling, guys.
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2024-08-01 at 5:19 PM UTCBiden wants to make sure he wipes out one generation of Student Loans over everyone else.
gives 6 billion to Ukraine. all of his crimes are being memory holed. he'll die before a proper court would bring him in over the Laptop Ukraine connection along with his son over questionable dealings. -
2024-08-01 at 5:36 PM UTC
Originally posted by Charles Ex Machina theyre already in the process of doing that.
under trumpf, the fed reserve is going to print near unlimited money to buy bitcoin and using bitcoin as their new reserve currency.
bitcoin will then just be as worthless as fed reserve notes but the bit-diots wont be any wiser to realize this and will continue to perceive bitcoins as real "currency".
No they won't. They will never own more than 5% unless they buy it from China, Russia or Venezuela.
You don't know anything about economics or bitcoin. -
2024-08-01 at 5:46 PM UTCIf the USA wants to own 10% of global bitcoin reserves they will need to transfer a large amount of money, cash, gold, bonds, maybe a fleet of ships. It's going to cost them a large % of GDP to get that Bitcoin, which is a commodity, not a currency.
also >buying bitcoin in 2024
the government should have invested into nuclear doge mining 10 years ago. America has already lost forever
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2024-08-01 at 5:47 PM UTCwould that level off and stabilize the value of Bitcoins or will it just crash it's value
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2024-08-01 at 6:15 PM UTCIf a national entity is buying large amounts from a national entity that will increase trade demand, the price will likely go up.
I think there is an upper limit, the idea of $1mil/BTC is definitely possible but for a government to try and own more than 5% of global supply they would essentially need to transfer trillions of dollars if they want it, if the price is that much.
Or new unfounded levels of wealth unheard of in human history. I think by design Bitcoin can become the most valuable asset on the planet which would make it physically impossible to own "all" Bitcoins because you would need the combined wealth of every nation state, plus every kilogram of gold and every precious metal, every fiat on earth and you would still only be able to afford 50% of global supply, and then the price will go up.
Donald Trump himself admitted in his Bitcoin speech that it has already surpassed the total global value of Silver
https://niggasin.space/thread/90608
Also why the fuck are we talking about Bitcoin in this thread? Because of that retarded chink pedophile? Just ignore him, everything he says is wrong. If you want the real skuttlebutt check out my thread above^ listen to Donald Trump and industry experts, not me. I am just parroting what they say SQUAK SQUAK SQUAK HODL !!!!The following users say it would be alright if the author of this post didn't die in a fire! -
2024-08-01 at 6:26 PM UTCDuh?
Your just now realizing this? -
2024-08-01 at 6:35 PM UTCwhy did Coinbase Pro end? everyone had to shift their info over to basic coinbase.
this shit is unstable as fuck, Scron. another FTX?
they claim they don't have a HQ but move their office around. it says HQ on Market San Francisco but then another one says NYC. you can say that's for protecting their customers from hackers but most recently people can't cash out. their accounts are on "Standby". seems there is a rush on cashing in. -
2024-08-01 at 6:43 PM UTC
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2024-08-01 at 6:58 PM UTC
Originally posted by Lanny Lanny why did Coinbase Pro end? everyone had to shift their info over to basic coinbase.
this shit is unstable as fuck, Scron. another FTX?
they claim they don't have a HQ but move their office around. it says HQ on Market San Francisco but then another one says NYC. you can say that's for protecting their customers from hackers but most recently people can't cash out. their accounts are on "Standby". seems there is a rush on cashing in.
Coinbase is bad but they have monopolistic control of the market. They are controlled by Banks
I have $999 sitting in a coinbase wallet and I feel pretty confident that even if I don't touch it for years they are legally registered as a company in Canada so even if they exit scam me I can take them to court.
But realistically I plan to pull out all my money this week, it has just been sitting in coinbase for over a year but I lost access to the account.
I no longer trust any exchange. After I withdraw from Coinbase I am only going to use them for off-ramping. But I don't even want to do that.
Since 2022 there have been many changes even under intense global government crackdown. You can buy crypto directly through metamask with paypal (through coinbase) MoneyMart ANY DAY NOW will be fully web8 integrated but exchanges are becoming pretty outdated.
I think the market is more decentralized now with less big "crypto exchange houses" handling all transactions. They act more like clearing houses now with the main action happening directly on-chain and miners/pools are selling to so many people that you can find pretty much ANY coin on any DEX these days
Binance is better than Coinbase, but Binance is illegal in USA. Coinbase is American I think.
https://localcoinswap.com/
https://simpleswap.io/coins/monero
https://p2p.binance.com/trade/all-payments/BTC?fiat=USD
Holding crypto on an exchange is generally a bad idea, they are all scammers. But Coinbase is also beholden to big banking and have had my account locked for a year because of KYC regulation bullshit which makes me think they aren't scamming if they are being such bank kikes. But it wouldn't surprise me if THE WEEK I get access to my account they don't let me withdraw, just my luck. -
2024-08-01 at 7:10 PM UTC
Originally posted by the man who put it in my hood Coinbase is bad but they have monopolistic control of the market. They are controlled by Banks
I have $999 sitting in a coinbase wallet and I feel pretty confident that even if I don't touch it for years they are legally registered as a company in Canada so even if they exit scam me I can take them to court.
But realistically I plan to pull out all my money this week, it has just been sitting in coinbase for over a year but I lost access to the account.
I no longer trust any exchange. After I withdraw from Coinbase I am only going to use them for off-ramping. But I don't even want to do that.
Since 2022 there have been many changes even under intense global government crackdown. You can buy crypto directly through metamask with paypal (through coinbase) MoneyMart ANY DAY NOW will be fully web8 integrated but exchanges are becoming pretty outdated.
I think the market is more decentralized now with less big "crypto exchange houses" handling all transactions. They act more like clearing houses now with the main action happening directly on-chain and miners/pools are selling to so many people that you can find pretty much ANY coin on any DEX these days
Binance is better than Coinbase, but Binance is illegal in USA. Coinbase is American I think.
https://localcoinswap.com/
https://simpleswap.io/coins/monero
https://p2p.binance.com/trade/all-payments/BTC?fiat=USD
Holding crypto on an exchange is generally a bad idea, they are all scammers. But Coinbase is also beholden to big banking and have had my account locked for a year because of KYC regulation bullshit which makes me think they aren't scamming if they are being such bank kikes. But it wouldn't surprise me if THE WEEK I get access to my account they don't let me withdraw, just my luck.
What are uour thoughts/opinions on PI coin?The following users say it would be alright if the author of this post didn't die in a fire! -
2024-08-01 at 7:22 PM UTC
Originally posted by Speedy Parker What are uour thoughts/opinions on PI coin?
I've actually heard of this, I can't remember much about them. It looks like a PoW crypto ecosystem to me though which is pretty cool, those are mainly the projects/technologies i'm interested in so these guys have come up on my radar before. The purple and gold and Pi logo is very distinct. They seem pretty small scale though. I can't remember if it's new or old, if it's old and still not popular, that sucks. But if it's new and still growing that's different.
https://minepi.com/
I don't follow their main account on twitter but I did follow a bunch of PI COMMUNITY accounts a year ago
https://x.com/Pi_UNIVERSE_VN
https://x.com/PiCoreTeam
their main account is followed by KimDotCom
https://x.com/KimDotcom
lol so it's chinks? That must be why they aren't very popular. Still a cool project regardless, I wish them success in their ventures supporting real crypto technology
the reason I think these guys might be cool is I remember learning about it through BOINC. I think their crypto ecosystem is built in a similar way where it's a big distributed computing network and if you offer compute power to it you get paid in PI
https://en.wikipedia.org/wiki/BOINC_Credit_System
I might be thinking of something else though -
2024-08-01 at 7:25 PM UTCI have over 1200 PI but don't know how to get value for it.
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2024-08-01 at 7:34 PM UTC
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2024-08-01 at 7:35 PM UTCI have never seen it on any exchange.
It's VERY unpopular and can only be swapped for USDT on chink exchanges. Very chinky coin
35.707968 PI/USDT
https://www.htx.com/trade/pi_usdt?inviter_id=11345710&invite_code=zh5i6223
HTX says you can swap that much PI for 42600.14160000 USDT which is worth 1:1 with the USD and can be exchanged anywhere.
But something tells me HTX is a big scam and will never let you withdraw anything, but if they did that would be easily sold for USD on any American exchange, or swapped to BTC. There are 4 other chink exchanges that list PI/USDT trade pairs, I don't think that has changed since I looked at it last which is probably why I forgot this existed.
https://coinmarketcap.com/currencies/pinetwork/ -
2024-08-01 at 7:37 PM UTCI have 948 pi coin is it worth anything?
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2024-08-01 at 7:37 PM UTC
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2024-08-01 at 7:39 PM UTCUSDT is also a chink coin and will be worth 1 penny eventually
https://x.com/bitfinexed
https://bitfinexed.medium.com/
https://bitfinexed.medium.com/tether-isnt-a-blockchain-company-63bda5402812Official Profile of Paolo Ardoino, Tether CEO, featuring the Joker.
Tether claims to be a “crypto” company, or a “Blockchain” company, the truth is, they simply use Blockchain as a database, which in the grand scheme of things, with regards to Tether, is no different than an SQL database that is used by a bank.
Imagine a traditional bank that uses an SQL database, with no column fields for the identity of their customers, instead the bank maintains a second table, to identify some of their customers (the ones that deposit funds directly, like Sam Bankman-Fried, allegedly).
Anyone, including ponzi scammers, financial frauds, pig butcherers, sanctioned countries, money launderers, etc. can sign up for an account at this SQLBank, providing absolutely no information about themselves, they literally just get assigned a bank account number. They simply go to SQLBank.com and click “Generate Account” and a public/private key appears, and they’re off to the races!
SQLBank, despite holding an account for this “entity”, attempts to not even call them a “customer”, but they have an account number… and their… “entity”, can send and receive funds without the slightest interference just as if they’re a “customer”.
It’s like a US bank allowing anonymous accounts, or numbered bank accounts, where anyone that knows the number and a password can access the funds.
This bank would be completely illegal to operate.
Of course, SQLBank still could freeze these accounts, but if they receive a court order to freeze the accounts belonging to… terrorist organizations, it’s not like they can identify which accounts are subject to the freezes, they would need the address to freeze, which they might not get until after a terrorist attack, and after the money has been laundered.
The Role of NO-KYC/AML Crypto Exchanges and Shitcoins
This is where NO-KYC/AML Crypto Exchanges and Shitcoins come into play. The role of these exchanges and shitcoins is to cycle dirty money through hundreds, if not thousands of various crypto shitcoins, in order to function as a mixer. By the time authorities find the addresses to freeze, it’s been laundered a thousand times by a NO-KYC/AML exchange and belongs to someone else who may not be involved.
This is what you’re seeing when you see some random new shitcoin skyrocket 1,500% in ten minutes on exchanges, and why they inevitably always crash once they’re done laundering. It’s why you see JPEG’s selling for more than a house. They’re laundering money.
This laundering of funds would not be possible without frauds like Tether, because they would not have a dollar reference that they could use, because these NO-KYC/AML Crypto Exchanges could never hope to open actual bank accounts, so they use frauds such as Tether.
Tether is critical to these criminal enterprises. As more scrutiny comes onto Tether, it can trigger panics, where criminals who have Tethers, seek to launder them by buying every shitcoin under the sun, triggering a “bull market”, and with the recently scrutiny against Tether, it could be a tell that the current bull market is simply illicit financiers looking to launder their money before the hammer drops.
Shutting down NO-KYC/AML exchanges is a fools errand
Attempting to shutdown NO-KYC/AML exchanges is absolutely pointless, because they literally just have Whitebox Exchange software that they can just slap a new coat of paint, and do it all over again, remember when BTC-E shutdown as a result of FBI seizures, they just created WEX, and whatever subsequent exchanges that came after WEX blew up. It’s a never ending cycle of exchanges that pop up to launder money.
The only solution to this, is to simply shutdown the illegal bank supporting these platforms. Tether.
It recently came out that Tether laundered over $20 billion dollars for Russian entities on Bloomberg.
Source
Tether claims to be “working with authorities”, however, their’s not much they can do because the vast majority of Tether transactions, Tether has no idea who they are, in violation of every possible financial law you could imagine. Tether is de-facto providing US dollar based bank accounts for Russian exchanges in violations of US sanctions.
The NO-KYC/AML exchanges further complicate the situation by allowing dirty money to be mixed with crypto shitcoins and Tethers. It’s one of the reasons why these exchanges tend to die shortly after being forced by regulators to implement KYC/AML rules.
Circle, the issuer of USDC was dumb enough to buy Poloniex for hundreds of millions of dollars, and then brought in KYC/AML compliance. The Poloniex exchange pretty much died immediately, and Circle sold the exchange to Justin Sun, who immediately removed all of the KYC/AML compliance to turn it back into it’s original shitcoin casino.
It’s also why Binance fought against KYC/AML compliance for years, because at the end of the day, these exchanges know they’re simply money laundering conduits, and compliance destroys their ability to launder money, and kills off their exchanges. The executives knew what they were doing.
There’s no “fix” for this!
Tethers claim to fame is non-compliance with KYC/AML, in fact, their website original bragged and advertised this fact, advertising that you could convert Crypto to Tethers without any KYC/AML.
Source
Tether still operates this way, but Tether simply doesn’t brag about it on their website anymore. Tethers compliance with financial laws is mostly just pretend, much like how FTX pretended to comply with KYC/AML, but in reality, didn’t.
Bringing Tether to compliance is a non-starter, because Tether would have to operate on a Whitelist mode, meaning Tether would need to maintain full KYC/AML on every single Tether address.
Tether is ill equipped to comply with this requirement, demonstrated by their inability to even complete a single full financial audit in the past seven years, despite promising one repeatedly. If Tether cannot even conduct a financial audit of their transactions and reserves, performing full KYC/AML compliance is an even taller order.
The crypto industry has long ignored the Tether fraud, hoping that it would just go away, but we can assure you, it’s not going away. Tethers fraud is just getting larger and larger, which is why we’re seeing Tether being hit by the US Congress, and their counterparty Cantor Fitzgerald being identified as enabling Tethers illicit finance.
When I warned people about FTX in 2021, people ignored me. A lot of people lost a lot of money because the questions I raised about FTX/SBF were ignored. I submitted questions to reporters to ask SBF, and most reporters didn’t bother to ask them.
FTX likely would have collapsed much faster had those questions been asked.
It’s time to ask the difficult questions to the Tether fraud, but notably, their Chief Financial Officer, Giancarlo Devasini, is nowhere to be found.
Interestingly, FTX officials have been caught bragging in insider chat rooms about how “Money for Sam is Money for Giancarlo”.
Where did Sam Bankman-Fried send all of his stolen loot? Remember when he stole customers funds to buy shitcoins? Who sold him the shitcoins?
Tether co-conspirators.
