Discover and read the best of Twitter Threads about #Crypto

Most recents (24)

The theory of #cryptocurrency, say @libra_ says that because there's #blockchain and no one needs to go through a bank to hold #crypto, there shall be #FinancialInclusion but in reality, inequality in #bitcoin is as bad as in fiat, if not worse...

ccn.com/bitcoin-is-pla…
@Libra_ There are three primary sources of economic inequality in #bitcoin

1. #Bitcoin is obtained via substantial fiat investment in compute
2. #Bitcoin CX is not grandma friendly
3. Value of #bitcoin is determined by fiat exchanges rather than by underlying decentralised commerce
@Libra_ Then there are some secondary sources

1. #bitcoin can't address causes of poverty and financial exclusion that (a) Amartya Sen and Jean Dreze (b) Abhijit Bannerjee et al. have addressed in their Nobel winning research.
2. #Bitcoin does not change social or political incentives
Read 14 tweets
Lol, i just heard this evening that @paxful will start charging 1$ or 1% which ever is higher of the two options on every internal transfer of bitcoin and customers will only have 5 times to make free internal transfer in a month, like LMAO @raypaxful
#Paxful #Bitcoin #Crypto
It still baffles me and leave me in shock why @paxful and @raypaxful will decide to charge such an outrageous fee on a Bitcoin transaction, 1% which means 10$ on 1000$, 100$ on 10000$, 1000$ charges on 100000$ bitcoin internal transfer 😀.
Even BANKs does not charge such an outrageous amount on money transfer, what’s now the essence of Blockchain ? What’s essence of Bitcoin 🤷🏽‍♂️ ?
Do you guys really beleive you have the user base enough and have become so indispensable that made you think people will accept this ?
Read 10 tweets
Making sense of the non-sense.

The 40k ft view as to why the crypto bull run is on hold.
There's a couple of things in play behind the scenes to consider. The purpose of the 'STORM' is to both defund and takedown the criminal networks in both the political & financial system
1
2. The financial system is used to fund and control the political system, therefore housecleaning is required simultaneously in both arenas.
Listening to DJT's speech at the UN, patriots are now in control- demonstrated by FLOTUS ringing the opening at the NYSE, and US Marshals
3.
the closing. The days of the WS Banksters blatantly rigging the markts appear to be over.
So what comes next? "Nothing happens until something moves" A.Einstein.....(also BG123)
What action is required before things move?
1. DOJ DECLASS and high profile arrests.
Read 6 tweets
Fractals should not be relied upon for trade execution, but I don't think it's outside the realm of possibility to see another prolonged Altcoin accumulation phase, similar to 2015, prior to the next true crypto-mania bull run. $ALT $ALTS #Altcoins
Don't forget what sparked the last mania bull run - Ethereum and ICOs. Do we need another similar revolutionary catalyst to get another one started? What might it be? What else could cause venture capital as well as the retail world to pour hundreds of billions more into #Crypto?
If the fractal plays out, then the next moon mission starts some time around October 2020. 🚀🌛
Read 5 tweets
Fact checking. Dossier : Zynecoin. Affirmation n°1 : "va sur le site il n'y a pas d'adresse à Paris". #zynecoin #vraioufaux #karimBenabdelkader #crypto #CryptoNews #vousavezvoulujoueronvajouer
Affirmation n°2 : "Nous n'avons aucun lien avec la France l'AMF n'est pas compétente". Étrange quand on sait que 90 à 95% des investisseurs sont basés en France @AMF_actu #zynecoin #KarimBenabdelkader #crypto
Screen Zynecoin.io et page Etherscan "info Zynecoin". Y-a-t-il volonté de tromper les investisseurs pour les rassurer afin qu'ils pensent être en conformité/ protégés avec/par la loi française?
Read 6 tweets
1/3 #GigFair is an exciting new platform launching in 2019 that will allow anyone in the world to work in the global digital economy.
#electroneum #etn #blockchain #fintech #crypto #cryptocurrency #Criptomonedas #massiveadoption #bitcoin #btc #tothemoon #hold
2/3 "Gigs" are items of digital work, carried out remotely. The current global digital economy is estimated to be over $4 trillion US dollars per year, yet the current global gig economy is staffed almost entirely by individuals who have a bank account.
3/3 The concept is simple. By allowing customers to buy "gigs" with their credit cards in USD it makes it easy to buy work. These funds are cleverly converted into ETN (a mobile cryptocurrency called Electroneum) and transferred to the worker carrying out the "Gig".
Read 3 tweets
#Crypto v.#RBI

Hearing of Crypto case has resumed.

Mr. Shyam Divan, Ld. Sr. Advocate started his arguments for RBI.

Most likely the arguments will conclude today.

This coverage is #powered by @coindcx
The counsel for RBI is reading the IMC report.

And reading out the disadvantages of Crypto.

The judge interrupts and asks how you are concerned with the consumer protection, it is not your concern. It is Govt. concern and not yours.
The counsel is briefing about the suitability of ban with the example of China.
Read 70 tweets
#Crypto v.#RBI

Matter is listed in Court no. 5 as item 1 today. Court has resumed.

Crypto case hearing has started.

Mr. Ashim Sood started his arguments.
Mr. Sood is arguing that the action of RBI is against the doctrine of proportionality beside being based on no study whatsoever.
Mr. Sood now explaining the law formulated by Wyoming (USA) to regulate Crypto assets and custodial services (Exchanges).
Read 75 tweets
This is unfiltered data at this point. I will create a medium article by tomorrow afternoon.

#Coinmarketcap and their new(ish) top 200 ranking system

#cryptocurrency #crypto #altcoins #ranking #cryptotwitter #CoinCheckup #CoinGecko #Decentralization #CT
Starting from the bottom ranked & working up #coinmarketcap listed coins #2319-1933

All disqualified because market cap cannot be calculated & are not listed on the "correct" exchanges. The projects tagged have the blue question mark. The rest should according to CMC methodology
#coinmarketcap listed coins #2319-1933 (All disqualified from top 200, tagged projects have the blue question mark)

$ODEX
$BCARD
$HSN
$XG
#X12
$GRAT
$CIV
$WBL
$BZE
$LABH
$NTR
$CRD
$SNL
$UNO
$ABDT
Read 11 tweets
#Crypto v.#RBI

Case is listed in Court no
4 as item no. 1 today.

Court about to be resumed in few minutes.

After the Court starts, few minutes will go in dealing with "urgent mentioning" matters.

Stay tuned..
The Court resumed. Urgent Mentioning matters are being dealt with.
Crypto case hearing has started.
Read 51 tweets
The question for the #ethereum community is, how do we do #defi without creating another ICO boom and bust like #YOLO situation... IMO the main cause of current eth/btc price being out of whack with the immense technical progress in and around eth over the last two years.
#bitcoin is overpriced because there's been very little technological progress. But finance isn't just about technology. It's also about trust. #bitcoin is overpriced vs better tech including #ethereum BECAUSE nothing changes, same as the UK and US high street banks.
Finance isn't the best space to move fast and break things. Alright it isn't health care or space flights and #innovation is never risk free but its important for the community to call out things that don't make sense

finance.yahoo.com/amphtml/news/f…?
Read 31 tweets
spotted first by @stephendpalley, the order in Berk v. #Coinbase is big for #crypto & maybe for #clickwrap & #browsewrap agreements too. First, the court says that having a policy barring insider trading doesn’t prevent claims for insider trading occurring on platform /1
Tort duties existed outside of its contract w/users. Existence of a mandatory user agreement doesn't matter- negligence is actionable separate & apart from any contractual remedies & Coinbase had a duty of reasonable care to its traders “originating outside of the agreement.”/2
California law (perhaps uniquely?) recognizes a duty to protect against economic loss: elements: “[1] the extent to which the transaction was intended to affect the plaintiff, [2] the foreseeability of harm to him, [3] the degree of certainty that the plaintiff suffered injury/3
Read 12 tweets
Alright let's get this through.
My key takeaways from the latest @OwnMarket AMA, and why they make me more bullish than before.

18 tweets so stay focused. 😉

Let's go:

$CHX #STO #securitytokens #Blockchain #Crypto #Bitcoin #Exchanges #gaming #mobilegames #ETH #investing
Let's start with the big one. The first STO (project Crowd) is now confirmed to launch its raise in September, this will be accompanied with a huge marketing campaign.
Remember for every #STO, $CHX gets locked away depending on the total raise.
1 month to go 😎
OWN now has officially signed a cooperation with Raiffeisen Bank who will support them in the STO space and also with their upcoming Stock exchange.
This is an impressive bank with over 2 million customers which has received several "best bank" Awards. #banking #crypto $CHX
Read 18 tweets
1./ #auspol the vacuous & fanciful premise of the Government's Cash Ban Bill (aka Currency Bill) is that we need to ban cash in order to stamp out some supposedly problematic "Black Market" that is plaguing us and is careening out of control @danieltbar @phenrikand @BCAssetsFund
2./ In all the docs provided tho, Govt shows no evidence whatsoever of this supposed Black Market existing in any form that cannot be managed with the powers Govt already has, let alone any evidence that the Black Market is growing at all. For all we know it might be declining!
3./ The main statistical figure the Government presents as evidence of the urgency of this matter is an ABS 2012 point estimate of the "underground production market" of 1.5% of GDP
Read 32 tweets
1/ Other cryptoassets go up and down relative to #bitcoin— but if $BTC doesn’t go up in USD terms, nothing does (for the foreseeable future).
2/ So long as crypto remains relatively insular and #bitcoin continues to be the primary UoA & liquidity provider in the space, this connection is due to remain for a while.
3/ The length of that “while” will depend on how long it takes for valuation techniques to become guiding consensus, the integration of #crypto into broader global macro, and the economics of use at scale.
Read 4 tweets
Thread

As always, an exciting experience for me to've facilitated yet another training, & contributed to further enlightenment of @SECNigeria on how they should go about regulating #CTPs, #crypto-assets such as securities, commodities and derivatives on commodities in #Nigeria.
For the opportunity, many thanks to @BlockchainNG, a foremost and quite resourceful #blockchain education and awareness creation network of crypto-savvy experts in #Nigeria and West Africa.

I will do a quick brush up for everyone here on the gold-marinated aspects of the speech.
In dreaming up a regulatory framework for #cryptoassets in Nigeria, it is only meet that the @CBN steps into the waters ab initio to play its roles of public legal tender currency operations, pursuant to Section 2 of the CBN Act 2007 legal tender law.

#Bitcoin #LegalTender
Read 4 tweets
New metric from the @placeholdervc team to assess relative valuations of smart contract platforms:

Network Value to Token Value (#NVTVratio).
@placeholdervc 2/ The #NVTVratio divides the network value of a smart contract platform by the total value of all assets launched on that platform.

For example, #Ethereum currently trades at ~2x the value of all the assets on its platform, whereas #EOS trades at 234x.
@placeholdervc 3/ A hope here is the #NVTVratio can help us get around faked transaction volumes and other forms of manipulation that have thus far made the #NVTratio less useful for smart contract platforms.
Read 8 tweets
Some Points for Physical letter which we can send to @FinMinIndia Sir @NischalShetty but i don't think its gonna be a Main Points for Letter, it just my Opinion.

#IndiaWantsCrypto
1. First of all #bitcoin & other #Crypto has Monetary no value if it will not Trade against #Fiat its like Stock Market Shares So, They need to understand their Own power rather than thinking about #Crypto will kill #Fiat & #Banks.
#IndiaWantsCrypto
2. Declare #Crypto as a Global #Commodity with following all guidelines of #FATF & #Sebi. Collaborate with other Nations & Give Licensing to all Indian Exchanges for work and AML, KYC policies. @Facebook @ICE_Markets @Nasdaq @CMEGroup @ING_news @Samsung @Microsoft working on it .
Read 10 tweets
#Crypto adoption is HARD

Must be:
🤫 Privacy-first
⚖️ Non-custodial
🚫 0% merchant fees

Pip.cash/pay is EASY

1. Retweet
2. Follow @PipWallet
3. Tag ur fav coin in comments

🏆 FREE #PipCheckout listing to coin w. most votes

🍀 $1K in winning coin to a lucky voter
Guidelines for #contest and #giveaway are as follows:

1. Entries close 15:39 UTC 25 Aug ‘19.
2. One vote per coin, per person.
3. Winning voter drawn at random.
4. Winning coin pending vote audit.
5. The $1K is equal to 1,000 USD.

🤞 Good luck! 🤞

#win #prize #crypto #airdrop
The #competition is heating up! 🔥

With a #contest like this you might be wondering who’s in with a chance to #win our FREE #PipCheckout listing #giveaway. 🤔

Keep your finger on the pulse by heading to:

pip.cash/checkout/#cont…

🚀🚀🚀
Read 14 tweets
💎GEM alert!💎

NEXT $MATIC = $RSR

$RSR @reserveprotocol unique project on a #crypto land.

✅You probably heard about it but READ THIS TWEET TO THE END! YOU WON'T REGRET!
1/ First of all, INVESTORS!
Peter Thiel - LEGEND
Sam Altman - SV LEGEND
@coinbase Venture,
Few members of the founding team at Paypal.
.
.
and others super, legit and strong partners. Check here:

reserve.org/investors
2/ As far i know Altman have never invested in any cryptoproject. He is Silicon Valley LEGEND! Huge connection!
Read 19 tweets
1/ Hypothesis: currently available #cryptoassets can’t help but be sub-optimally distributed given only half of the global population is online. en.wikipedia.org/wiki/Global_In…
2/ Put another way, the fact that ~80% of the “developed world” is online, while only ~40% of the “developing world” is, presents a huge problem for #crypto if our intent is to lessen inequality.
3/ Not to be dour, but it's been a daunting recent reflection of mine, and points to how early we potentially are in the crypto movement.
Read 7 tweets
“We’re sitting in the @NYSE Board Room - that’s a first for #bitcoin.” -@dan_pantera at @Bakkt’s first digital asset summit.
But #bitcoin wasn’t the only asset of conversation @Bakkt’s event today.

When asked about other #cryptoassets, Commissioner Stump referenced the @CFTC’s recent request for information on #Ethereum, saying, “Bitcoin’s not the end of the road.”
All in all, the @Bakkt event signals great things for #bitcoin and #crypto at large, even if I did miss some of the funk of OG days.
Read 3 tweets
1/ One of the great privileges I have when putting #MassiveAdoption together is meeting #Bitcoin #blockchain #crypto enterpreneurs across the country building ways away from SF/NY.

So I'm going to do a state-by-state series highlighting them.

(investors, pay attention)
2/ This is just a couple of companies to get us started. I'd love all of you to add your own picks & to tag folks in this state who are building around Bitcoin or on Bitcoin, crypto and blockchains. Let's shine some light inside the U.S., not just on the coasts.

#MassiveAdoption
3/ We start with #NorthCarolina to honor one of the stars of #Libra #LibraInDC day, Representative Patrick McHenry.

Bitcoin & blockchain aren't the first thing that come to mind when you think of NC, but you'd miss out on a lot, so let's get started.
Read 11 tweets
Members of the @FSCDems House Financial Services Committee question @Facebook #crypto chief David Marcus about their proposed #Libra cryptocurrency. We are clipping some videos of the hearing in the thread below 👇👇👇
Read 18 tweets

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