"We'll fight it. If we lose, we lose." - Jamie Dimon, on the CLARITY Act.
The bill that lets crypto platforms pay staking and activity rewards on stablecoins.
Can't imagine why banks would hate that.
Your savings account: 0.38% APY
Stablecoins onchain: 4–8% APY
Oh, and since 2020? Banks have zero reserve requirements. They can lend out every single dollar you deposit... and still hand you back crumbs.
Yeah, Jamie. We know exactly why you're opposed to this.
@AlexesNakamoto This guys is dangerous to any newcomer to crypto he isn’t good for the community if anyone believes he is they are severely void of IQ.
@Zero2HeroZombie The don’t like ICP they don’t own enough to manipulate the market to their advantage and it threatens some of there major crypto projects that they have invested in heavily…!!!
$QNT BOMBSHELL! My biggest video ever! Here comes the 4th Industrial Age(The Tokenization & Blockchain Age! Quant Fusion Launch EXPOSED! Quant Overledger Fusion "Bring Your Own Node" launch is here and it's going to change everything. This is the interoperability operating system that connects all legacy banking systems, blockchains, CBDCs, tokenized assets and enterprises seamlessly - exactly like Windows did for the internet age.
@Banksycat@otto_hope A lot of what you say is already happening via the reliance on credit reference agencies for a bank account, mortgage, utilities, proof of income. Without there appropriate representation of your finances your screwed add open banking and we are already be watched and controlled.
Even 0.1% = $1B a year. Given the expenses that $ICP is currently having, that would (obviously) make it deflationary. Once that happens, the ball will start rolling very fast.
Until than, patience is key. DFINITY is working hard to make this happen. They are extremely focused on sustainability & more usage.
Based on the current projections, the results at the end of this year will clearly display a large improvement compared to last year which was, Btw, the best year since Genesis.
The base will form we bounce hard and cascade up break 4.3 and hit 6.0 all the while you sit on the sidelines hoping for a retrace don’t be that guy $ICP is setting up for a major move up 📈
As an unusually large man, I can tell you that putting your mass into a shoulder check like this is one of the most satisfying things you can do.
Yellow shirt guy will be smiling every time he thinks about this for the rest of his life https://t.co/c0g98ndVUh