Did you know that #cryptocurrencies can have a huge impact on the developing world? With faster transaction times and lower fees, crypto can enable financial inclusion and empower individuals and communities that are currently underserved by traditional financial systems.
Everyone is talking about regulating #crypto but don't realize governments can only do so much. As an industry we need to bring trust back to the comunity and take power away from the speculators as they are only it for themselves and not for the good of the #Blockchain.
#crypto is getting a bad reputation people saying it's just a really good #PonziScheme. Well yes if you just #HODL and speculate of course that would be the outcome. But if you are part of the digital economy help it grow and provide value, #Cryptocurrency will change the world.
There a push to make SBF look like he made mistakes. This case is FRAUD by Technology. DO NOT LET THEM BURY THE REAL STORY.
Crypto FRAUD. Tax FRAUD. Counterfeiting. RICO Charges. Tax Evasion. Racketeering.
Retweet - this is the most important story ever in crypto. Don’t blow it
Transactional use cases for crypto. So if you want to make the digital economy bigger and better stop speculating on price and start selling your goods and services for the projects you believe in.
What gives a #cryptocurrency it's value?
Well a token like any other currency works on 3 demand forces.
Speculative demand
Precautionary demand
Transactional demand
For most of #crypto history it has been speculative. If we want this industry to be taken seriously we need more...
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏