O.P_Crypto

[O.P_Crypto @ObsidianPeaks]

@OrwellNGoode Do you not know about connections? Chicago probably wasn't half of those people's final destination. Flights are cheaper at odd times during the week and many of us don't work 8 to 5, I always start vacations on tues/wed for better prices

[O.P_Crypto @ObsidianPeaks]

@ilzxivf384q7 @HereComesEveryb @Snowden FDIC insurance is just a free pass for banks to take maximum financial risk with customer deposits knowing the government will cover the cost of failure and shift those losses back to the taxpayers. It maximizes fractional reserve banking, debt based economy and is the real fraud

[O.P_Crypto @ObsidianPeaks]

@haigh_jimmy @HereComesEveryb @Snowden Considering the current monetary system and the international financial system as we know it is completely dependent and currently exists solely on telecommunications networks and and databases... the end result would be the same. Commodity money is regressive either way

[O.P_Crypto @ObsidianPeaks]

@AntleyDonald @MagnusTheRedd @VoyagerUCC It's sucks but we signed the terms of service that gave them custody to lend it out in exchange for % interest. Voyager lent heavily to 3AC who went bankrupt and never got their priciple paid back. Nothing illegal so all we get is bankruptcy court and maybe a civil suit. 😞

[O.P_Crypto @ObsidianPeaks]

@MarshallTanaka @coinbureau People were able to borrow when rates were low and inflation hadn't set in. They splurged, wealth effect from monetary expansion. Now that the monetary devaluation from massive credit expansion is hitting the economy and the money supply is tightened people are at risk of default

[O.P_Crypto @ObsidianPeaks]

@MarshallTanaka @coinbureau Doesn't really have anything to do with stimulus money that dried up awhile back. Moreso it is a reflection of the cost of inflation eroding peoples purchasing power. If rent/housing and food is up and gas is too expensive to buy... people start defaulting on car loans, etc

[O.P_Crypto @ObsidianPeaks]

@nozzlesonline @DocumentingBTC Bitcoin, unlike say gold, can be subdivided into infinitely smaller units. It's hard to keep track of a milligram of gold but you can divide BTC by 100million to get a satoshi (0.00000001btc) @ 9billion people that's 0.0023333 btc each or 2.33 millibits (23,333 satsoshis).

[O.P_Crypto @ObsidianPeaks]

@neerajpra99 @benjamincowen By stong hot economy narrative, I mean that they cite strong employment numbers, wage growth and continued consumer spending. Lowering rates signals to markets they have cool demand enough to fight inflation and then hiking again admits they were wrong... again, losing trust

[O.P_Crypto @ObsidianPeaks]

@neerajpra99 @benjamincowen Why? Both sides are looking to fight inflation which backing off signals they think they have it handled, which noone thinks they do or that they fear higher rates push us into recession which the narrative is a strong hot economy. Why back off for one meeting? Won't change votes

[O.P_Crypto @ObsidianPeaks]

@OrigDaveBarman @benjamincowen But the thing to remember is that changes I'm monetary policy lag considerably in the real economy. Assets rise and fall first (houses, stocks, crypto) but general inflation is being felt now from printng done 18 months ago. Tightening now will filter through the economy later

[O.P_Crypto @ObsidianPeaks]

@OrigDaveBarman @benjamincowen The strengthening dollar is the result of tightening monetary policy by raising interest rates to reverse loose monetary policy from low rates which resulted in money printing. The $ is strong relative to other weaker currencies with worse inflation (euro, gbp, lira, yen)

[O.P_Crypto @ObsidianPeaks]

@OrigDaveBarman @benjamincowen Demand for anything goes up when you have more money to spend. Low interest rates = cheap money. High rates make borrowing more expensive and thus consumers and producers have less demand for new expansion/purchases. If savings runs low then people stop buying and spending falls

[O.P_Crypto @ObsidianPeaks]

@OrigDaveBarman @benjamincowen As long as people are able to keep paying for products, price will continue to increase. That is why the FED is trying to kill demand by making it expensive to borrow. Companies can't expand, people can't find work they can't pay and deflation sets in

[O.P_Crypto @ObsidianPeaks]

@HaraldSchulerud @JamesGRickards It's not about being able to invest. It's about having knowledge of legislature you are involved in writing and having knowledge the general public isn't privy to and executing trades based on that knowledge to your unfair advantage. Ie "Insider Trading"

[O.P_Crypto @ObsidianPeaks]

@benjamincowen About to see Rammstein live at the coliseum in LA!

[O.P_Crypto @ObsidianPeaks]

@LucasWinkowski @scoutswan @investvoyager They wouldn't cover the "value", only the asset. What we lent them was the asset (excluding usd itself), not its value and therefore its value, profit or loss at any point is not in question at all with the courts unfortunately since noone could say if you would have sold or not

[O.P_Crypto @ObsidianPeaks]

@johnR29A @stephychu025 @investvoyager Well just because it still holds its peg doesnt mean it is synonymous with cash. It's a token secured by the etherium blockchain and collateralized by cash, commercial paper, Etc. Voyager, Celcius etc used it for crypto lending and sent out to DeFi. No way it'll be treated as $$

[O.P_Crypto @ObsidianPeaks]

@Nicolas04492667 @WebbUSAF @NostalgicKID4 @investvoyager No, I'm obviously not cool with it but I've learned a valuable lesson about using "trusted" intermediaties, rehypothication, fractional reserves, risk management, and financial contagion (among other things). I'm pissed but look at the macro, unsurprising. We live and learn.