El Salvador shares your #Bitcoin Maximalist values. New protections against shitcoin/NFT/exchanges rolling out soon.
When you making the pilgrimage to #Bitcoin Citadel Nation?
If we are headed for an economic downturn, there are some tactical lessons from the 2008 era, namely preserving capital and staying focused on your long-term vision. But the main lesson is to ignore the noise and stay squarely focused on the product cycle.
I believe crypto and web3 will be at the center of the next cycle. We’ve reach a critical mass of technology, talent, and community knowledge. In the almost 10 years I’ve been involved in the space, the energy and creativity has never been higher.
For example, as the iPhone improved, better apps were possible. Better apps helped drive iPhone sales, giving Apple more money to invest, enabling even better apps, and so on.
10/
Anyway, eventually these hedge funds, that borrowed and shorted billions of USDt will need to buy them back.
What will happen then?
Tether is the only stablecoin that is proven with fire under extreme pressure.
7/
In more than one month Tether processed 16B in redemptions (~19% of our total reserves), again proving that our operations, portfolio, banking infrastructure and team are solid and battle tested.
6/
But as we always said, Tether had/has in fact >= 100% of the backing, never failed a redemption and all USDt are redeemed at 1$.
In 48 hours Tether processed 7B in redemptions, averaging 10% of our total assets, something almost impossible even for banking institutions.
Dallas Fed: "the recession will have an impact, and the inflation is going to cause us to increase employee wages, which we will have to offset with some employee layoffs."
Dallas Fed on disastrous admin "Government overspending and transfer programs have inflated the money supply while resulting in unchecked corruption and waste. We will be paying that bill for generations, and what a colossal waste of resources and missed opportunity."
The best way to buy bitcoin for anyone with steady cash inflow is via an Automatic Recurring Purchase Plan, (aka “Auto-DCA”).
You don’t want to worry about timing the market.
If you do, you’ll invest less, and you’ll wind up owning less.
You do NOT want to own less BTC.
"Max Keiser: Society Is Breaking Down; Buy Bitcoin Like Your Life Depends on It"
- Max Keiser (@maxkeiser)
w/ Anthony Pompliano (@apompliano)
https://t.co/B2ezT7IQXn
Markham’s tech sector is attracting global attention. Two international firms — California-based Astera Labs and Swedish firm Syntronic — have announced new outposts in the quickly growing city.
https://t.co/lDgvbqFMTx
I'm old enough to remember 10 days ago when Chair Powell said one reason they hiked 75bps was because U of Mich 5-10yr inflation expectations jumped from 3.0% to 3.3% and then, today, that same figure was revised downward to 3.1%. It never was 3.3% after all.
1/ On Why The Metaverse Needs Crypto
And, specifically, why the metaverse needs NFTs.
The tl;dr is that it is critically important that the ownership layer of the metaverse ends up on public blockchains not in private databases.
Read on for why.