@benjamincowen So much money in the system from all the stimulus. That’s finally drying up. Recession will deepen by eoy. Middle class is dwindling quickly
• Invest 15% to 20% of your income
Your 9-5 pays a salary, which can be invested in assets to produce more money.
Assets are:
- ETFs
- Mutual funds
- Real estate
- Business
The more income you invest, the faster you can build wealth.
We're very proud to be recognized as one of the five most innovative projects of 2023 by @Bitcoinist 🔥
The need for decentralized #AI is clear, and we will continue to make advancements in this space🤖
Check out the full details in their article 👇
https://t.co/pS2Tf5j3my
🚨I am calling on Congress right now! Here is a clear demonstration of how urgent this issue is and why we need clarity and consistency in crypto regulations ASAP.
For starters, CFTC Chairman Rostin Behnam has declared that Ethereum is a commodity.
Ironically, Gary Gensler had also previously suggested that ETH had evolved into a commodity as it became more decentralized.
But here's the kicker! The SEC has also recently taken action against Coinbase, alleging that it sold unregistered securities, including #Cardano $ADA, which is a far more decentralized cryptocurrency than Ethereum.
This has sent shockwaves through the crypto community considering Cardano is top 5 cryptocurrency with a $9 billion market cap. This discord in regulatory perspectives alone has created mass uncertainty.
Cardano’s development company, IOG, and founder @IOHK_Charles strongly and rightfully refute the SEC’s claims. Charles points out that Cardano's financing was done in Japan, with no ADA sold, only vouchers, and the U.S. was not involved. IOG states, 'Under no circumstances is ADA a security under U.S. securities laws.' With just a dash of objectivity, it becomes obvious that this makes most sense.
The lack of harmony between regulatory bodies, coupled with allegations that seem to disregard fundamental elements of how decentralized blockchains operate, spells chaos for both the industry and investors.
I am encouraging @GOPMajorityWhip, @SenatorHagerty, @SenLummis, and @PatrickMcHenry to continue to put pressure on these issues, for Congress to actually step in, seek alignment between the SEC and CFTC, and establish clear, fair, and knowledgeable regulations that will foster innovation and protect investors in the ever-evolving world of cryptocurrencies.🇺🇸
Please LIKE and RETWEET to get this message out there.
I have been rekt many times in crypto. The feelings you feel now I have felt in a prior cycle.
Did I give up?
No.
I identified where I went wrong and made an adjustment.
Don’t give up.
The cycles get easier the longer you are here.
Reading this https://t.co/rklTi0Y3AG seriously? We've been moving towards a venture studio model for 18 months in a pretty public way.
Cardano is a platform and the point is to build stuff on top of it. Thus IOG has been spinning out companies like Midnight, Lace, and Prism.
This means that you hire or move people to the subsidiaries and also restructure the parent company to be better suited to spinning out companies. I'm not sure how this gets written as a layoff story, but that's Coindesk.
It's about form following function
Input Output Infrastructure -> Cardano Development
Prism -> identity
Midnight -> data privacy and zero knowledge
Lace -> wallet tech
This means each company eventually their own CEOs, staff, and investors under the parent co.
A lot of people are acting like crypto crashing was completely unforeseeable caused by a black swan event.
Regulatory risk, lack of liquidity, social metrics going down, etc. have all been things we have talked about ad nauseam for months.
These are not black swans.
We're just 4 days out from when https://t.co/kJ9URVpOul CEO & Founder @HMsheikh4 will be speaking at @dblockchaindays
in Amsterdam 🇳🇱
He will be joined by other thought leaders in the web3 #AI space to discuss the emerging convergence of this technology and its importance! 🤖
Many will blame the SEC. Many will think this is the end.
But liquidity has been drying up for a long time.
The altcoin reckoning was always going to happen.
Bitcoin dominance was always going up.
The penultimate stage of the altcoin reckoning has begun.
My Advice for those entering Adulthood:
1. Focus your Energy
2. Guard your Time
3. Train your Mind
4. Train your Body
5. Think for Yourself
6. Curate your Friends
7. Curate your Environment
8. Keep your Promises
9. Stay Cheerful & Constructive
10. Upgrade the World
Good Luck!
If the SEC's legal theories on investment contracts are right, then basically all luxury goods in existence—watches, sneakers, cars, handbags—are securities.
The idea that the SEC should regulate markets for these goods is...I don't know how else to say it...pants-on-head crazy.
SEC trying to freeze Binance US' assets feels like they're almost trying to orchestrate a run on its reserves.
Steady lads -- deploying more investor protection
@SECGov Hey SEC can you explain why your president @GaryGensler shilled me Algorand years ago when you consider it a security?
It seems that Gary is a fraudulent crook then that shills unregistered securities.
With respect to Binance, I'm reading through the SEC complaint. It's over 130 pages, but seems like the next in a series of steps to implement chokepoint 2.0 in the United States. The end goal is a agenda based CBDC partnered with a handful of massive banks and end-to-end control over every aspect of your financial life.
A regulatory event is where you have a debate about compliance with a law or guidance. This event seems to be a polticial philosophical disagreement with the very existence of cryptocurrencies and what they represent. An unelected group of people have decided that concepts like self-sovereign identity, owning your wallet, and the freedom to control your economic agency should be removed from the masses and given to the "enlightened" few.
Honestly, what is happening isn't anything new. It's always the same fight between freedom and authoritarianism just with different players, technology, and words. It does seem like this event is a perfect opportunity for the entire industry to set aside it's fragmented nature and unite for a common sense set of rules and guidelines that can prevent the United States from slipping into a distopia that would make 1984 look like a vacation.
I'll have more to say later, but will close with we are going to be fine. Everything's alright and the future is bright for the industry.
10) What many people forget is that Housing Downturns take time to play out.
They're often a 4-5 year process.
And we're just now exiting Year 1 of the current downturn.
There's a long way down before prices/rates fall enough to bring investors to get back in.