/biz/ - Business & Finance

>>15036522
https://medium.com/coinmonks/did-tether-just-create-a-2-27-billion-monero-like-dark-pool-using-liquid-522178e4e508

https://www.coindesk.com/tether-usdt-russia-china-importers?amp&__twitter_impression=true

Do you see what I see?

>>15036555

what is it based triple anon?

>>15036580
Ponder this first:
What do you think happens to smaller nationstates when they lose their monopoly on currency and their ability to enforce taxation is continuously fleeting? Next, what happens to U.S dollar hegemoney? Think Libra, Bitcoin, Liquid dark pools, China/Russia/Iran silkroad (physical) rebirth.

>>15036555

just read the pieces looks like tether could fuel another massive bull run then?

>>15036735
It is so much bigger than that, there are worldbending consequences to liquid, instantaneous dark money pools.

>>15036743
Craig will take them down.

>>15036743
Cool and all, but liquid only has like 88btc now. This is maximum copium hopium. Also cheering for a completely dark blockchain if it fuels a moonrun is a joke after years of MUH PUBLIC LEDGER IMMUTABLE VALUE.

>>15036779
Open your eyes a little wider. It is not about the amount now, I just have shown the demand is already in the billions from Chinese tether traders alone, evading only chinese capital controls. The sidechain does not change the function of the main chain. I’m not cheering for anything this will implode governments like dominoes. The foundation of the modern government relies on their ability to issue a currency monopoly and enforce taxation. The final pieces are being laid.

>>15036835
Smells like xfiles tier conspiracy to me

>>15036854
You sound like a customer of Enron.

>>15036555
I see that RSR is a good bet in light of that second article.

>>15036555
I see a big dump soon. Tether moving their BTC holdings without notice for an exit scam

>>15036964
Not familiar with the acronym, elaborate?

>>15036555
If they're really doing this to create a 200,000 BTC dark pool, I think it's TOO EARLY to do that.

Right now, the regulatory framework over crypto currency is still being laid down, and something like this will make regulation much MUCH more heavy handed.

IMO they should've done this once we had more widespread adoption, and when Bitcoin is more unstoppable.

Give the regulators the illusion that the ledger is completely transparent and traceable, and make their regulations around that assumption. THEN blindside them with this when adoption is so wide they can no longer shut it down.

>>15037193
In the grand scheme, 2B is not scratching the surface of how big this could be. I believe any smaller than 2B won’t get most of these users out of bed. At the end of the day, they can try to regulate but it can’t be stopped, pandora is out of the box.

>>15037231

So how do we capitalize on this? Break it down for a retard. Where should I start putting money?

>>15036854
nah he's right. A lot of countries with weak currencies are going to capitulate into Bitcoin as they get challenged. People will flee taxes, inflation, corruption, regulations and these nations won't be able to collect tax and eventually go bankrupt. The bigger currencies that are more stable and aren't as easily swept out by stuff like Bitcoin, predominantly the USA will be able to move in and occupy the territories left behind by these chaotic governments. Venezuela is already being couped by american forces.

>>15037272
For a self described “retard,” just keep it simple, stupid. Buy as much Bitcoin as you can without compromising the standard of living you are comfortable with. Ignore the noise, innovation at scale is happening only in once place.

>>15037328
Chainlink too.

>>15037385
Here comes the noise.

>>15037419
Can you tell me how blockchains will communicate with the outside world? One day is gonna come when smart contracts will be adopted, and they will not use centralized data feeds with decentralized computation for their contracts as it beats the purpose to have a single point of failure.

>>15036522
It was probably bitstamp moving it's funds from cold wallet.

>>15037328
Say I have 7 BTC now, and $100k in cash.
And say I have no ways of significantly increasing my cash or BTC

i.e. no job, no business, and I live in a shit country where a college graduate wage is like $300-400.

Have I made it?
Should I buy more BTC, or do I have enough, and should I just frugally neet it out using my $100k windfall?

Or should I risk it and buy more? At the risk of running out of money for neeting it out (I am unhireable for a variety of reasons so going back to wagecucking is not an option)

https://craigwright.net/blog/law-regulation/contradictions/

>>15036522
hmmmmm

>>15037467
No, I can’t tell you how it will be done and I’m not disagreeing with that thesis. A self described “retard” asked me what he should do. He should not be navigating the risky waters of ICOs and fledgling tech for a world that hasn’t even come close to being built. Investing in Chainlink carries tremendous risk the biggest being in my opinion, right now, a centralized point of failure. There is tremendous founders risk even before chainlink tries to tackle the massive problems of adoption, innovation at scale, etc.

>>15037515
It is extremely hard to make this assesment without knowing you personally. If you have a way to get an income stream you absolutely should, even if small. If the wages are small, the cost of living should somewhat mirror that. If 100K can keep you alive for 5-7 years, DCA an additional 400-700$ monthly into BTC. Avoid gambling at all costs with no income stream. I don’t know what “making it” is for you but 7 BTC, if it is going where I see it going will be a comfortable life.

>>15037548
Darkpools... Privacy... Central point of failure... All problems Ren has solved...

>>15037315
Omg biz is populated by literal morons

>>15037680
You're the real moron not able to see what's happening.

>>15037697
>2 billion dark money
>BANKRUPTS NATIONS
>he unironically believes this
Let me off this fucking crazy train I’m selling my stack right now

>>15037419
>>15037328
> btc maximalist

>>15037515
How about just getting a job. Even a part time job would make a big difference in this case.

>>15037718
I guess you really are retarded. You can't even read.

>>15037718
took you a damn long time, smart money used this pump to gtfo this clown market. There wont be any adoption or use of this tech as it is and btc is but a money maker for exchanges and miners which are raking in the dollars for as long as this circus lasts

>>15036555
>https://www.coindesk.com/tether-usdt-russia-china-importers?amp&__twitter_impression=true
> Despite longstanding questions about USDT’s collateral, in this market “nobody actually cares if tether is backed or not,” says one Moscow trader.
yeah right let me just sink billion int something worthless I just don't care it's worth anything

>>15037315

Bitcoin does not have the infrastructure to be the government challenger it wants to be.

We're a few years too early. Let this shit die and the young stinkies lose all of their pocket money first

>>15037830
That is one traders mentality toward tether. One persons opinion has no effect on the reality of the tether situation.

>>15037529
Lithuania is a not Eastern Europe OP

>>15037866
nobody care if the bank has the money until to many peoples start rushing to the door

>>15037529
The last time he got caught he used an iphone and didnt delete the exif data. How is he so incompetent with data safety

>>15036707
>people still thinking they can sustain a modern nation-state with overland trade through three deserts and two countries full of angry Muslims

Nigga, the Silk Road wasn't enough to sustain Medieval and Renaissance trade demands with like a thousandth the population and a millionth of the customer base. Please stop reading Pepe Escobar, dude's a fucking retard.