you suck just write it here

Bye.

Cryptocurrency will be a bonafide sector of the world economy in 20+ years, and Bitcoin will act as it's universal reserve currency (because it already does). Anyone hoping for the "ancient" Bitcoin protocol to be replaced by "something better" because it's "slow" doesn't understand why Bitcoin is #1 to begin with and I'm not explaining it here.

Eventually, the crypto economy and traditional economies will be one in the same, and as a result, Bitcoin will evolve naturally into the general world reserve currency that is trusted and universal.

This is why people say don't sell your Bitcoin.

USD isn't going anywhere and traditional fiat currencies aren't any time soon either, but these are bound to the physical world and the human race is, even if kicking and screaming, evolving into a virtual first world.

tldr; Bitcoin has done a great job winning the “digital gold” / store of value asset class, but from a tech perspective there is very little demand to actually use it. Bitcoiners have generally been antagonistic toward new tokens and anything that generates wealth for a builder, rather than BTC holders as a whole. Getting rich off of a newly launched shitcoin is a badge of honor in the Ethereum community.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

TL;DR Author says Etheterum is better than Bitcoin hence he sold all BTC for ETH

So he disregards the fact both networks serve different purposes. Not objective. Seems shilly

Who cares? Your choice dude.

This is absurd.

"There is a huge amount of end user demand for ETH: NFTs, Defi, etc. ETH’s market cap is less than half of BTC’s, but the Ethereum network does more than 10 times the amount of daily fees than the Bitcoin network. Fees represent demand for block space."

This is absurd. The value of Bitcoin is not related to the demand for blockspace. Also the fee structure differs a lot. Anyways dumbass reasons

More for me. Bitcoin is meant for the patient.

Same reason I don’t own a lambo. I’m poor.

Imagine believing that people care what you think so much theyd click on your site

Why I Don't Own Bitcoin Anymore

The only acceptable answer to this should be, because I sold it all for millions of dollars and retired early and comfortably.

you sodl

I'm waiting to see what the libertarians say on this one.

i see how most everyone is responding positively to this ... but i cannot be anything but skeptical when it comes to this kind of stuff

like all i see is just another way to separate the haves from the have-nots ; i just see another black wall of non-transparency for the corpo funds and insane KYC/AML for the 'retail' market

exactly like what just happened with WSB/GME/AMC/Melvin/Citadel/etc ; 'we need more oversight on these peasants! how dare they call us out on how we cheat and rig the system!' ; and ofc nothing was done to protect the little guys , but everything was done to cover up for robinhood and their cronies =/

This seems positive for retail investors and crypto overall.

This is a good thing. This sets up exchanges to act more like conventional financial institutions and offers more protections to customer funds in cases of distress (like bankruptcy).

"Spurred by Coinbase’s (COIN) recent disclosure that customers’ money would be jammed up if the company declared bankruptcy, federal officials intend to push U.S. lawmakers to fix the problem by insisting that a future legal framework require crypto firms keep customer assets walled off. That type of custodial rule is standard for financial firms such as futures platforms, but crypto exchanges routinely mingle their funds with customers’ holdings in the same pot – a situation the administration wants to see ended by legislation. The securities industry commonly commingles funds, but the investments are also more heavily regulated."

Don’t worry, he’s gna forget about this next week

One of the best news for Crypto in a long time

It’s probably just so they can make sure the tax the correct people…. Individual users…

This is what people mean when they say some regulation is necessary for crypto to succeed.

Would be great

Can't have the plebs getting the same treatment and rules as the elite.

So this is actually good for people and stops greedy corrupt companies.......awesome.

I came here to complain, but I’m actually ok with this

tldr; U.S. President Joe Biden’s administration will press Congress to demand cryptocurrency exchanges keep their customers’ money separate from their own corporate funds, according to a person familiar with the plan that could constrain the way the industry does business.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

JOE BIDEN NEEDS TO STAY OUT OF CRYPTO AND....

rereads headline

That sounds good actually.

CeDeFi...coinbase has to make sure they're responsible for keeping customers safe as middleman, no longer just a trading platform within their system
DeFi is gonna get way better with single sided liquidity pool, impermanent loss protection, etc, but someone bigger than a team of devs needs to oversee the risks and weed out vulnerable projects potentially prone to attacks/hacks/etc

basically private regulator for their own interest = good for customers too
but right now they have a big conflict of interest though...

I don't know what this means and I don't feel like reading the article. Whenever I hear Biden and Bitcoin in the same sentence I know its probably not going to be something good.

​

“We need to make it more easy to bail out our banker friends whole fucking the little guy.”

He likes to have his mashed potatoes and his peas on two plates separately and that's how he got the idea.

Who could possibly have seen sensible regulation being put forth?

Who has been saying that all the "fud" articles about developing a government entity to review crypto regulation and consult with industry experts might yield some positive results?

Well shiiiiiiiiiiiiiiiiiiiit.

Now, the pressure needs to be kept on, to make sure this regulation and subsequent protections against scammers and such, does not get out of control.

Democrats are scared about losing the mid-term elections, maybe some outreach now could convince them to bolster their profile by Legislating some more positive consumer protections, that limit the harm that corporations/financial institutions can inflict on the cryptoverse.

isn't comingling a breach of fiduciary duty

Interesting, I'm curious to see how this'll go.

A little bit of glass stegal? We don't even do that in fiat.

This is what brought down online poker in the U.S. in 2011, deemed black Friday in the poker community. U.S. agencies went after and closed several poker sites the largest being Full Tilt Poker as it was discovered they did not have player money & company money segregated. It took years for people to get their money back.

I highly doubt they will go after crypto exchanges in a similar way but having them segregate the money is the only way to go.

Totally makes sense, it happens the same in large financial institutions and it’s a great innovation of the last few decades that has been implemented to protect consumers

Not all regulation is bad

tldr; A16z has released its first annual State of Crypto Report for 2022. The report is the first of what will be an annual overview of trends in the crypto industry, shared through the a16z crypto vantage point of both tracking data and across the countless entrepreneurs and builders we meet. It's for anyone who seeks to understand the evolution of the internet and where we are on the journey towards a decentralized, community-owned-and-operated alternative to web2.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

More like Miamifailcon...

This mayor has the face of a first world robber but with the soul of a third world peasant.

Don’t worry. Francis didn’t lose 95%.

Ponzi-adjacent schemes gonna Ponzi.

how’s he going to pay to get his eyebrows fiercely waxed every other day now?

Florida Man makes big mistake

Still better than TERA or UST

YouHodler is the best crypto platform for staking no doubt. Also there is an app, it has a very useful app where you can find everything that you need from your crypto - loans, trading, exchange etc.

As expected

Oof

Replace the mayor and commission with friendly Wisconsinites porque esta gente son una porquería, ladrones de mierda.

we voted in a Finbro and everyday we wonder why the needs of the working class arent met. smh.

Our mayor is a tool.

And single-handedly helped fuel the housing crisis in Miami by bringing in Californians and New Yorkers to Scam_City.

Altcoins are always going to suffer the hardest in a bear market. Specially new experiments.

First time hearing of this coin... bahaha..

B I T C O N N E C T !

"its got what plants crave! its got electrolytes!"

Lmao... Suarez lured tech bros from the most expensive city in the USA, held bitshit conferences... caused rents to skyrocket all the meanwhile there isn't even a street in downtown that doesn't feel like you are about to get ran over due to lack of crossings... yall got played... and badly too

So like does that mean all the city employees that rushed to be paid in crypto took a 95% pay cut? /s

Florida

1. Never trust a Miami politician.
2. Never put your money in shitcoins.

This is why it has the name Miami in it.

Don't think Florida is known for the best and brightest...

Perfect time to buy the dip!

/s

Can we recall him?

🔥 DINOSTEP 🔥

🦖 The First Move To Earn App With Virtual Dinosaurs. 👟 Users can earn while building healthy habits with the Dino. 📱 In-App Modes: Background Feeding, Walking, Running & Team Up. ✨ Varied NFTs: Egg, Dinosaur, Water Bottle, Smart Watch, Running Shoe. 💵 Passive Income Features: Staking, Breeding, Renting & Referral. 💎 App Activation Code & NFT Drop For Fair Launch Contributors.

🚀 Fair Launch Starts On May 9th.

🔶 TG:(@)dinostepofficial

Doubtful. There wasn't that much money in Terra, especially once it started crashing.

People underestimate how much whales hold.

I find it a bit odd that they'd focus on small wallets first. Sure it's a nice gesture but doesn't seem to be a good business decision when it's the whales holding most your coins and have a larger impact

Still hope they come through with their promise, as most of everyone here is probably considered small

Thank you for submitting to /r/CryptoCurrency,

Your post has been removed because the coin you posted about (LUNA) is already at the limit of posts allowed in the top 50.

---Click here to view the current limits---

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

TLDR;

The Luna Foundation Guard offered insiders the ability to sell their UST for about $1 each, in the form of BTC, while the price for UST on normal markets was around $0.60.

LFG has not yet released any more details on the exact wallets/exchanges they control, and their current holdings & addresses, other than a summary of total holdings across their wallets.

Wouldn't be surprised...

Thank you for submitting to /r/CryptoCurrency,

Your post has been removed because the coin you posted about (LUNA) is already at the limit of posts allowed in the top 50.

---Click here to view the current limits---

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

Yuppp

What a mess. Everything is a guess.

Luna Foundation Guard (LFG), a non-profit organization formed to support the growth of the Terra ecosystem

Who did they bribe to get non-profit status?

You see, crypto is a decentralized ecosystem. Don't trust, verify! Do Kwan told us he'd spend $3.5B worth of BTC to defend the peg. Instead of trusting him, we're gonna verify what he did. So first he sent the BTC to two centralized exchanges annnnnnnnnnd...... Nobody can verify shit.

Pulled in the nets!

tl;dr:

They are lost and no one can track them.

Zcash is making good things happen

SHUM

cool!

Ztrash you meant

tldr; The 5.0.0 release supports NU5 activation on mainnet, which will occur at a block height of 1687104 (May 31st) following the targeted EOS halt of our 4.6.0-2 and 4.7.0 releases on May 16th. The upgrade has undergone extensive review at both the specification and implementation levels, including external security assessments by NCC.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

bullish buy buy buy

fingers crossed

SQUAD WAR ☣️ Official FAIRLAUNCH

Squad War is the worlds first Free-to-Play NFT multiplayer mobile shooter game that anyone can start playing without having to pay ✅Huge marketing ✅Audited dont miss the fairlaunch guys Start:05 11, 2022 3PM UTC

Twitter: @squadwartoken #2028

Is LUNA/UST the biggest comeback story in crypto history or doomed to shitcoin hell?

I blame this guy and he blame that guy who then blames me.

Hey heeey heeeeeeeyyyy!!!

All these guys claim to hate The Fed, but really they just want to be the ones printing money.

Do Kwon is the guy in the Simpsons that sold everyone the monorail.. Do Kwon in action

Mt.Gox 2.0

Mayby third time's the charm

I just bought $2 worth of luna at $0.02 for the memories.

Terra(LUNA) {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post.

What's the odds that we'll find out he already cashed out with his Bitcoin purchases weeks ago and hid some money. I would love to see the activity going on in his wallets. Was he the whale that emptied the liquidity. Bit convenient he blames an coordinated attack though I suppose using the we were hacked excuse has been over played abit now. The system was never designed to work so he thought he could fake it till he made it like tether have do but that only works if Bitcoin goes up but it didn't so he bailed with a few million.

I was a believer in Luna. So much so that as it dumped, in poured another 10k on top of my 35k I had in there.

I don’t see luna recovering. Even looking at the basic mechanics of UST, there’s currently 12.66 billion UST in circulation. This means that in order to get to some semblance of normalcy and restore ust to peg, youd need to flush out 5-12 billion dollars (people who want exit liquidity) through luna to restore UST to peg.

No one’s going to gamble with luna at this point for that. I’m sad to see it die, but reality has to sink in sometime.

I give the man the respect desevred for at least trying to do something big in crypto

You will fail but sometimes might succeed

He was a genius just 3 days ago

Ahh so NOW we DYOR!

All my homies hate Do Kwon

Do Kwon knockin when you fail your next project

now usdt's turn.

Now the blame game begins

Luna will recover no doubt, everything is down just luna a little down than others but at the end this will be all good guys.

UST's Do Kwon kicks puppies and kittens with steel toe boots, Ex-Terra colleagues say

Why do I feel this is this cycle's bitconnect or veritasium.

Finger pointing begins now.

all i feel is pain and suffering