IDK what to read anymore - I started looking up these bloggers/reporters on LI. So many are shills. CoinDesk was owned by a crypto hedge fund until acquired by Bullish (owned by Tom Farley early investor in Coinbase and former NYSE president). The Diem demise sounds sketchy especially when you consider how it threatened BTC - if Diem was successful billionaires would have lost…well billions…
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
+1
It's important for the new team to shine the light on what happened and why.
When Marc Andreessen spoke about over 30 tech executives being debanked he also spoke about how the government told him they would be running AI through just a few enterprises and no new start-ups would be allowed.
“If you thought social media censorship was bad, this has the potential to be a thousand times worse.” To understand why, we need to grasp his crucial insight about AI becoming “the control layer on everything.”
This isn’t science fiction—it’s the likely progression of AI integration into our society. When this technology falls under the control of just a few government-regulated entities and companies, we face an unprecedented threat of social control.
I've said for awhile that AI as it was being pushed would be about "repressive control" and not new frontiers of discovery and liberation. There has been a sociopathic rush for greater control in DC. EVs were being pushed despite a disintegrating power infrastructure - an infrastructure that was being dismantled (closing plants) even as demand was being accelerated - that made no sense.
The agenda that held that the power needed to be curtailed was replaced by a mad rush to expand energy production to make god-level AI possible. Data centers for AI would need more power than a city of one million. The "climate change" concern was going down the potty. This rush wasn't to help the public but to have them by the genitals
https://getcoai.com/article/breakin...i-warnings-from-joe-rogan-experience-podcast/
I don’t think they’ll vote yes to adopt Bitcoin, but I do think companies will begin to take this strategy more seriously and eventually adopt it.
Bulleted summary of his presentation:
Bulleted summary of his presentation:
As a MSFT shareholder, I voted YES on the BTC/crypto question.
Could be a few things…
- Older coin with recent good news re regulatory clarity.
- Unit bias with being $1 versus other coins. People don’t realize what market cap would be to hit the targets being thrown out there
- Rumors that Trump will attempt to eliminate capital gains on US issued coins. XRP would be the best candidate there if this happens
I think it is just the current bullish narrative for XRP and technical momentum. XRP/Ripple is one of the biggest winners of the new regulatory environment and changes at the SEC.
@Rutgers Chris - XRP flipped SOL. What's up!
Gosh, I hope that isn't one of the reasons. If that was a reason, we have a ourselves a major bubble.
XRP's value prop is something with defi and banks. I'm not a big believer in their story, but they have a huge passionate army of supporters, so its run may just be starting.
I have a friend who works for Ripple. Direct quote from him today: “It’s my job to get mfers using this terrible chain.” Can’t make this stuff up
Agreed. I don't get XRP or its value, but the loyalists have been waiting a long time for legal clarity and deserve their moment in the sun.
Coinbase policy chief expects speedy approval of crypto laws following Trump's victory
Faryar Shirzad, chief policy officer at Coinbase, said he sees crypto legislation making its way through Congress "fairly quickly" following President-elect Donald Trump's win.
"I think we have the most pro-crypto Congress ever history," Shirzad told CNBC in an interview, but noted there's only a "small" chance the crypto legislation is considered in the so-called "lame duck" post-election period.
Despite this, he expects "significant movement and hopefully passage of both market structure legislation and stablecoin legislation" in 2025.
Faryar Shirzad, chief policy officer at Coinbase, said he sees crypto legislation making its way through Congress "fairly quickly" following President-elect Donald Trump's win.
"I think we have the most pro-crypto Congress ever history," Shirzad told CNBC in an interview, but noted there's only a "small" chance the crypto legislation is considered in the so-called "lame duck" post-election period.
Despite this, he expects "significant movement and hopefully passage of both market structure legislation and stablecoin legislation" in 2025.
It was done to get attention plus people are so stupid I bet they will jump all over it.
Crypto-friendly SEC Chair coming soon!
“He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” the president-elect added.
His nod to Atkins’ embrace of cryptocurrency is the latest signal the incoming Trump administration is expected to be much more friendly to the crypto industry than Gensler, who took a more hardline approach.
“He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” the president-elect added.
His nod to Atkins’ embrace of cryptocurrency is the latest signal the incoming Trump administration is expected to be much more friendly to the crypto industry than Gensler, who took a more hardline approach.
Open the floodgates Atkin’s firm will make a fortune off this appointment:
Quick check of my coinbase app and BTC spikes to $98.
The headline doesn’t exactly line up with Powell’s quote:
“People use Bitcoin as a speculative asset. It’s like gold, it’s just like gold—only it’s virtual, it’s digital,” Powell said. “People are not using it as a form of payment or a store of value. It’s highly volatile. It’s not a competitor for the dollar; it’s really a competitor for gold.”
I've adjusted my thought process. with all the positive moves (Powell, new SEC czar), I might up my target for a piece of my position.
+1
There are always short-term ups and downs with BTC, but with so much political and regulatory wind to our backs, it's probably a wise decision to wait and see what happens.
Congrats to @bob-loblaw , @ScarletNut , @Rutgers Chris and all the folks that have been rocking BTC long-term.
Love to see it and a great milestone, but I called for $110k this year in this thread back in January.
Nice job guys, but like stocks, these are just paper unrealized gains (there is no utility). And yes, I own bitcoin (through FBTC) and am up over 100%. My wife reminded me of this yesterday when I was happy about my CRM gain. She said “you made nothing until you sell”. So the congrats should come when you eventually sell and hopefully realize the gain to enjoy life.