Looks like there’s a coordinated effort to get you to sell all your crypto with a bunch of crypto influencers posting the same exact message that they sold all their crypto 👇
Please repost and like so everyone sees this 🙏
EXPOSING MEDIA AND POLITICIANS LIES
IT IS SO IMPORTANT FOR EVERYONE TO SHARE THIS FAR AND WIDE!!!!
@elonmusk
The media, politicians, all of them are telling the British public I have used your platform to instigate violence and riots, which is the polar opposite of what I have used the X platform for.
Unfortunately, as they have managed to censor me and others like me on all other big tech platforms they are now coming for X, to pressure you into censoring me as well.
Why?
So they can lie to the public and manipulate the narrative.
Download this video and upload it everywhere, then challenge the media narrative with it at every opportunity.
#TwoTierKeir #TwoTierPolicing
As a member of the Brazilian Congress who has been exposing and combatting the abuses of our Supreme Court for years, I want to express my deepest gratitude to @elonmusk.
Elon, you are currently aiding Brazil more than many members of the Brazilian House and Senate. You are representing millions of Brazilians who oppose censorship and tyranny far better than their elected representatives, who still refuse to investigate and impeach Supreme Court justices.
I am confident that this will change now: @shellenberger's collaboration with @david_agape_ and @elivieira on the Brazilian Twitter Files, in a genuine investigative journalism effort, exposed the Brazilian dictator @alexandre de Moraes to the world.
By the way, I am one of the countless Brazilians featured in the files for being illegally monitored by the Supreme Court. I was also censored without due process and threatened with a hefty fine per day if I posted anything the Court disapproved of - but I never remained silent. In the case of Twitter, the former legal counsel Rafael Batista's refusal to provide Moraes with user information without valid grounds, even under the threat of illegal prosecution and persecution, was heroic.
Your determination, @elonmusk, to commend that stance and go further by lifting all restrictions on the accounts of Brazilians who were illegally censored shows a man of principles and provides us all with inspiration and renewed motivation to fight the tyrants.
There are currently thousands of Brazilians persecuted by Moraes: ordinary citizens censored, with their assets illegally frozen; journalists and judges exiled, with their passports seized by Mr. Moraes without justification; lawyers denied access to their clients' cases; hundreds still imprisoned without due process, let alone conviction.
One man, Clezão, passed away last November in prison after nearly a year of incarceration in deplorable health conditions by order of Alexandre de Moraes. The federal prosecutor had requested his release more than two months before his death, but Moraes ignored it. Clezão's wife, Jane, and their two daughters, Ana Luiza (22) and Klezia (19), will no longer have their father's company due to the tyrannical actions of Alexandre de Moraes.
We want none of this, no more! This is why I proposed a parliamentary committee to investigate the Court's abuses, including censorship.
The request garnered the support of the necessary 171 representatives and is now awaiting the Speaker of the House, Arthur Lira, to initiate its activities. The Brazil Twitter Files have given new momentum to this endeavor. We cannot rely on most legacy media or the establishment.
But we can rely on principled individuals like you, @elonmusk and @shellenberger. You may not be Brazilian, but you are fighting for freedom in our country in a way that inspires millions in my homeland to raise their voices and fight even harder to overcome this dire situation.
And we WILL overcome it. Thank you!
#CensuraNao
#CPIdoAbusoJa
#ImpeachmentJa
@NoticiasTavares Parabéns à Milícia Federal, que através de suas presepadas, só tem ajudado a divulgar o autoritarismo do Partido.
Viva a informação descentralizada!
🚨 Why are crypto ponzis always related to new stablecoins? A long post.
▫️ Buy 1 ETH for $3,000
▫️ Stake ETH into stETH
▫️ Turn stETH into wstETH
▫️ Use wstETH to mint mkUSD
▫️ Use mkUSD to borrow more ETH
▫️ Stake ETH into stETH...
This is how you create magic money and turn 3k into 30k. You double, triple, quadruple count the same collateral aka leverage it.
DeFi's total market cap pumps dozens of billions overnight in a bull market and also crashes 90% in a bear market because of it.
It's all FAKE money.
You create more "money" from nothing and stablecoins are a key ingredient in that recipe. They allow you to leverage up, fast.
This is no different than fractional reserve banking where your $3,000 bank deposit turns into $29,999 new money created from thin air.
To achieve such a feat, it takes 100 cycles of deposits. See my picture.
Crypto never reaches 100 cycles, because the bubble bursts sooner rather than later.
Fiat "economists" even call this process a "business cycle". A more appropriate name is a bubble driven by ponzinomics and irresponsible money creation due to greed.
If you read crypto twitter, you will see people talk about liquid staked tokens (LST like stETH) and liquid re-staking tokens (LRTs like reETH) as the next best thing in crypto since sliced bread.
WRONG.
It's the next big bubble or ponzi. EigenLayer should not excite you, it should WORRY you!
If you seek an alternative view, then hit a follow @duonine to stay updated as this bubble develops.
Once you start seeing this "amazing" new LRT token being used to mint stablecoins on your X feed know that the bubble is about to reach its peak.
The higher the market cap of those new shinny stablecoins backed by LRTs tokens, the bigger the bubble.
Remember, $3,000 is the actual collateral for $30,000! That's a 10x leverage.
If ETH is 3k and it crashes by 10% or $300, the bubble deflates by 3k! That's 3k gone in your new shiny LRT stablecoin!
Such stablecoins will go to zero in the worst case scenario. This is how a liquidation cascade starts and panic begins.
Why does this concern me?
Because it will hurt native ETH holders that don't even stake their ETH. Picture this.
Let's say the LRT bubble grows to $50 billion. Actual backing? $5 billion in ETH or even less.
How exactly can $50 billion exit or sell at a profit using $5 billion of ETH collateral?
It can't.
What happens next is people get wiped out. LST and LRT tokens crash vs ETH's price by 10%, 50% or more. Any stables backed by LST/LRT tokens depeg and crash even more.
In the process, as $50 billion of fake money wants to exit, it will drag down ETH's price beyond a normal correction or crash. ETH is the liquidity of last resort for LST/LRT tokens.
Worse. It will drag down BTC's price as well. Because people will become DESPERATE to exit at ALL costs, even if they lose 50% of their money or more. BTC is the liquidity of last resort in crypto, just like the Fed for USD.
This is why bear markets are BRUTAL. They correct such imbalances. They are necessary and do well to punish such greed.
Don't believe me?
Have you heard of Blast L2? That's an ENTIRE network that will use LST tokens and stablecoins backed by LSTs to give its users "native yield".
Those users have no idea what's coming in the next two years and they deposited BILLIONS on Blast L2.
Projects always seek to create more yield to attract users, but that comes at the risk of an entire network like Blast going insolvent if they don't control their greed.
Do you trust them to put breaks on making free money?
In the last crypto cycle, Terra Luna UST imploded to 0 from $50 billion. It also used a stablecoin for their project. It double, triple, quadruple counted the same money while pretending it was real. Greed took over.
You need to EXIT early and well before that $5 billion in real collateral is gone. Cash out and don't ape back. That includes removing all assets from networks like Blast L2.
You are only safe on NATIVE chains like ETH or BTC.
This time, the bubble will use ETH LRTs and associated stablecoins. I'm concerned and few people will write about this because it puts a break on this bubble and greed.
I've seen too many crypto cycles repeat the same story. This is nothing new. At the end of the day, crypto is a free for all. There's no regulation, but at least we can educate.
Why risk your ETH for 3-6% yield when ETH will 2-5X this cycle?
Funny enough, this LST/LRT bubble will also be the reason ETH will pump hard because all those tokens will LOCK-UP ETH as collateral in a huge pyramid.
When Vitalik decided to take Ethereum from Proof of Work to Proof of Stake he enabled and allowed the creation of such ponzimonic mechanisms.
For this reason alone, Bitcoin is superior.
Don't be fooled by this market and don't let greed take over. It ends badly.
Hit a like and retweet this message to wake up more people and don't forget to follow me @duonine
P.S. I respect anyone building in this space and any examples or tokens mentioned above are used for illustration purposes only. What will eventually happen, we will all find out, but let's call it as it is.