Discover and read the best of Twitter Threads about #Currency

Most recents (24)

RBI will withdraw Rs 2000 notes from circulation

This is a master stroke as per India is considered

However, this is also a step towards control and manipulation of money by state

Here's why?
#RBI #currency #india #bitcoin Image
I understand the reasons as to why the government would want to do this but,

I had a POV that I wanted to share on what it means.

This is something that fascinated me about Bitcoin in the first place.
Ever since I began studying Bitcoin and what it stands for, the thing that has been most fascinating to me is:

"The removal of third party trust source for transfer of value through currencies"
Read 14 tweets
RBI ने २००० च्या नोटा सप्टेंबर पासून चलनातून बाद होतील असं म्हटलंय. तो पर्यंत आहेत त्या नोटा बँकेत जमा करण्यास सांगितलं आहे. बहुधा, त्या नोटीत लागणाऱ्या नॅनो चिप्स चा पुरवठा खंडित झाल्याने हा निर्णय घेतला असावा.
२०१६ साली नोटबंदी जाहीर झाल्यानंतर आज तक, झी न्यूज सारख्या सडकछाप न्यूज चॅनल्सने ही नॅनो चिप्स ची पीपुडी वाजवली होती. ह्या चिप्स मुळे ह्या नोटांचे लोकेशन कळेल. म्हणून काळापैसा कमी होईल व भ्रष्टाचराला आळा बसेल असा कपोलकल्पित युक्तिवाद त्यांनी केला.
आणि आज ह्याच २००० च्या खोट्या नोटा सगळ्यात जास्त बाजारात आहेत. भ्रष्टाचार कमी व्हायचा सोडून वाढतोच आहे. Counterfeit नोटांच प्रमाण प्रचंड वाढलय. म्हणूनच नाईलाजाने हा निर्णय घेतलाय हे स्पष्ट आहे.
Read 7 tweets
It is a #currency that can be used to send money around the world quickly, and it has a strong team of developers and a large user base.

Cardano (#ADA): #Cardano is a relatively new altcoin that has been gaining momentum… proof-of-stake algorithm to verify transactions, and its developers have created a unique algorithm to ensure scalability and security.

Litecoin (LTC): Litecoin is a peer-to-peer digital currency that is similar to Bitcoin.
Read 3 tweets
Why do governments default on debt!!

News channels won't talk about it at all

It's simple to understand

Let's dive in on the secret of how governments work 👇🧵
#debt #currency #assets Image
A government runs ultimately on the same simple accounting rules as we all have learnt.

The two basic ingredients:

1. Revenue (money coming in)
2. Expenses (money going out)
There are two scenarios:

When revenue exceeds expenses, an individual has “savings” — a government has a “surplus.”

When expenses exceed revenue, an individual has a problem — a government has a “deficit.” Image
Read 13 tweets
I wanted to thank @bob_way once more for this 4 hour Twitter space marathon.

Today I realized that I am still in the early stages of learning about #ILP and the #XRPL.

In case you missed it today, here are all the sources we discussed: 🧵👇
2⃣ — Local Exchange Trading Systems (#LETS)…
Read 11 tweets
[1/🧵] @DigiEuro interviewed @moderndosh and @AntonyWelfare on the @Ripple #CBDC-Manager software.

The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.

I summarized the most of the interview for you, along with my personal comments. 🧵👇 Welcome to the Ripple Digital Currency Manager
[2/19] To begin, if you are completely unfamiliar with #CBDCs and the #Ripple solution, here is a nice place to start:
[3/19] One important reason for using a private version of the public #XRPL is that a central #bank needs to be able to control the #money supply.

Why use a private ledger ❓
▶️ Central banks and #governments must be able to mint and destroy #currencies. CBDC Hierarchy of Needs
Read 21 tweets
1/3 How to #Swap $ADA for $BNB - A Quick Guide

#Crypto or #token swapping is a process that allows you to directly #convert one digital #currency to its equivalent #value in another.

$ADA & $BNB are both widely used cryptos ✅

Read more:…

Initially, both were developed for different purposes, but are now being used as a payment method for cross-border #transactions.

-> #ADA to #BNB Coin Swap.

There are two ways to do it in the #Kasta app:
1. Swap Feature
2. Easy Swap Engine

🔥 One of the best things about #crypto #swapping is being able to switch to a different #currency without an intermediary.

It’s #easy and with the right platform, can be extremely convenient.

Here's how to swap $ADA to $BNB ⬇️…
Read 3 tweets
more #cryptocurrency talk. it seems that there may be (another) #cryptocrash developing; there's been so many of them.

to reiterate my earlier point: the allure of #cryptocurrencies is instant #money in vast volumes, and that's why $BITC and @ETH have a million copycats.

#cryptocurrency (and the related #blockchain money-making gewgaw, the #NFT) are in a sense nothing new. there have been untold millions of #investment scams and #business tricks and other shifty clever ways that at least *pretend* they can guarantee an effortless #profit.

this is an artifact of the extreme #wealth inequality encouraged by #capitalism: once you've got a bunch of elite capitalists *hoarding* all the #money, that means you've got big enough piles to *steal*. all get-rich-quick schemes are ultimately acts of disguised _theft_.

Read 25 tweets
I do feel there's something more to be said (while the iron is hot, so to speak) about #cryptocurrency and the question of how presumably intelligent #computer and #programming professionals (not to mention the @elonmusk / @mtaibbi crowd) could possibly have fallen for it.

the *allure* is obvious enough; it's the same allure that's in looking for legendary pirate treasure, or prospecting for gold. you're hoping for more than just some #money—you're hoping that for enough to *set you up for life*. all monetary worries, permanently erased.

that's one of the reason that it's so important to interrogate the #ElonMusk crowd about Musk's blood-emerald dealings, and what the *truth* was about Musk's family striking it rich—it's likely that Musk simply lost the ability thenceforth to think in realistic terms.

Read 33 tweets
A confluence of unprecedented events in 2022 weakened asset prices across all markets. (1/n)

#assetallocation #investing #personalfinance #throwback #thread
The Fed’s pivot to a less aggressive monetary policy is likely to set the tone for the markets in 2023. (2/n)

#FED #FederalReserve #monetarypolicy
It is expected that global inflation will continue to be higher in this decade, in combination with a significant slowdown of the U.S. economy. (3/n)

#inflation #interestrates #globalmarket
Read 13 tweets
(1/13) #Cryptocurrency entails various key essential notions such as what #CryptoAirdrops are, their types, functionality, and the pros and cons of crypto airdrops. 🌟🧵
Learn More 👇… Image
(2/13) #Tokens or money are distributed to #wallet addresses as marketing in a #bitcoin #airdrop. Small quantities of the new virtual #currency are distributed or traded for a minor favour, such as retweeting a message from the corporation that produced it. 🎟️💵
(3/13) Participants who are interested in receiving an #airdrop signal their willingness to do so in a normal #bitcoin airdrop. To obtain it, they must submit a verified wallet address. 👛✅
Read 13 tweets
During the pre-colonial era, different cultures used a variety of items as means of exchange. These included cowries, manilas, beads, bottles and salt amongst others.
The first major currency issue in Nigeria was undertaken sequel to the colonial ordinance of 1880
which introduced the Shillings and Pence as the legal tender currency in British West Africa. The units of coins managed by the Bank of England were one shilling, one penny, 1/2 penny and 1/10 penny and were distributed by a private bank,
the Bank for British West Africa till 1912.

From 1912 to 1959, the West African Currency Board (WACB) issued the first set of banknotes (insert hyperlink) and coins in Nigeria, Ghana, Sierra Leone and the Gambia.
Read 22 tweets
Since #WWII, #USA has used #USdollar hegemony to transfer domestic crises, harvest world #wealth and undermine the economic and financial stability of other countries through armed conflicts, financial wars, and trade wars. To maintain US dollar is to maintain US world hegemony. Since #WWII, #USA has used ...
Since March 2022, #FederalReserve has raised interest rates 6X. On 2 Nov, its 75-point rate hike and sharp #USdollar appreciation caused global #currency depreciation, capital outflows, rising debt servicing costs, hiked imported inflation and currency/debt crises of countries.
How this #KhazarianMafia #SCAM all started: At the latter part of #WWII, #USA took the opportunity to hoard tons of #gold and led the establishment of Bretton Woods system based on a peg between #USdollar and gold, thus establishing US dollar as "global hard #currency".
Read 32 tweets
:Collapsed #FTX hit by rogue transactions, analysts saw over $600 million outflows | Nov 12
- suspicious circumstances…
- The sudden collapse of "FTX" and its #Bankruptcy filing today, has revealed that FTX presently suffers from $10-$50 BILLION in liabilities with almost ZERO assets…
#HeavenlyJerusalem. #FTXbankrupty filing today, has revealed that FTX presently suffers from $10-$50 BILLION in liabilities.
- #Ukraine was receiving money from the US, Ukraine sent it to FTX, Sam #BankmanFried and #FTX sent it to #Democrats
Read 32 tweets
🧵 Is the American Dream dead? - a tweetstorm

This is a brain dump of .@RaoulGMI's 30+ years of knowledge, how the world works, and how his macro framework fits into it all ⤵️
1/ There's no denying that we're in a mess!

By the Law of Unintended Consequences, every time we try to fix A, we create problems B, C, D, E, etc.

We hardly understand these new problems unless there's hindsight to connect the dots...

So, how the hell did we get here?

Let's start by looking at the peak of the #British Empire:

It was the world's largest realm. But as with every empire, trying to control so many people across the globe has its price & #debt weakened its structure...
Read 81 tweets
1/5 In total, seven EU countries don't use the euro: Bulgaria, Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. Croatia adopted euro ten years into the EU membership. #EU #EURO

Under what requirements do EU members adopt the euro currency?
2/5 These requirements, agreed by the EU Member States in Maastricht in 1991, are known as the convergence criteria. 

Convergence criteria were put in place to measure progress in countries' preparedness to adopt the euro, and are defined as a set of macroeconomic indicators:
3/5 ✔️Price stability
✔️Sound public finances - sustainability
✔️Exchange-rate stability, to demonstrate that a Member State can manage its economy without recourse to excessive currency fluctuations
✔️Long-term interest rates, to assess the durability of the convergence
Read 8 tweets
Spread #Forex #Trading. How to make money from #FX #markets?
Greetings Client,
LC Digital is regulated as #digital #investment bank in #Canada. I would like to explain you about our profitable strategies platform.
Forex trading is all about attempting to profit by anticipating the price direction of a currency pair. But what if you could profit from the Forex market without having to do this?
Read 22 tweets
USA Timeline
'46-'70: Trust us, we're stable. No corruption here. We can be the trusted currency.
'71: Aaactually...
'72-'20: Hah, we can just erode EVERY OTHER NATION'S buying power, no consequences for us! PRIIIIIIIINT!
'21: Buy our debt or we all suff-.. oh, you already are.😱
Part of the underlying mentality of Bretton-Woods in 1946, when the #USD became the world's reserve #currency, was an acknowledgment of the lessons learned during the inter-war years.
One of the key areas weighted was the concept of economic security to ensure post-war peace.
A quote by Cordell Hull (U.S. Secretary of State, '33-'44) reflects his belief that the fundamental causes of the two world wars lay in economic discrimination and trade warfare:

Unhampered trade dovetailed with peace; high tariffs, trade barriers, and unfair economic...
Read 6 tweets
(1/7) #MI6 in Syria and #Ukraine? But not without #consultation with the #USA - the #British expectation is all too obviously not working out: exacerbated by #Brexit, they are being thrown under the train of rising #USD and ...
(2/7) ... escalating #energy prices just as much as the rest of #Europe with devastating effects of de-#industrialization and skill drain (#BrainDrain) mostly to the #US. As it seems, the #Brexit was conceived as the planned disengagement from the #EU ...
(3/7) ...before the long-planned (already before 2014) disaster of the disempowerment of the #Euro and the final degradation of the #EU to a #NATO vassal (UvdL). #Merkel cold-bloodedly played along in the #Ukraine destabilization ...
Read 7 tweets
On Monday $ fell to its lowest level in a basket of currencies bucking its recent trend as investors have grown nervous ahead of US inflation data with other Central Banks like ECB/ BOE etc adopting a more hawkish stand. This will determine the extent of the next Fed rate hike.
So far the US economy exhibiting resilience with multiple data points pointing towards a probable softer landing than a recession has helped the dollar index strengthen.
India has been bucking the trend with the Rupee depreciating against the dollar on account of global sentiments but strengthening against other currencies. The rupee’s ability to stem the fall with RBI looking at holding the figure of 80 seems to be paying off along with other
Read 20 tweets

When #cryptocurrency projects distribute their native #tokens straight to their customers' wallets.

[#web3 glossary thread]

Important or insider knowledge, notably about the value of #digital assets such as #cryptocurrencies and #NFTs; a measure of an investment's return over and above that of the market or other benchmark.

[#web3 glossary thread]

Formerly used to describe any #cryptocurrency that wasn't #Bitcoin; however, #altcoin is now used to describe any new cryptocurrency with a low market valuation.

[#web3 glossary thread]
Read 102 tweets
#DeFi is a constantly moving space.✨💸

And so, it's important to be on top of all things at all times.👑

Here are 10 #tools you NEED for bettering your DeFi journey:🧵👇
1. @DefiLlama: #DeFiLlama maintains all the #TVL data on #DeFi protocols.💸💎

DeFiLlama is a comprehensive tool where you can look at all the data on a #protocol and its #growth.🚀✨

2. @etherscan: Etherscan is a simple tool with lots of utilities.📈💰

#Etherscan is a tool that shows all the #transactions in the Ethereum ecosystem💲

Why @ethereum, though? Well, tons of protocols like @Uniswap are made on #Ethereum.💎

Knowing #ETH helps know #DeFi better.👑
Read 12 tweets

In this little story I summarize how Covid, Supply Chain, Debt, Wages, Inflation, a Eecession, Insolvency and an aging population come together to form a common solution: Crypto Assets

1) ...
So much is happening in the world. War, High #inflation, Covid, #recession, insolvancy, a debt bubble and Supply Chain problems.

All of these causes have a large impact on the world economy and therefore on your portfolio, which makes it important to understand what is going on. Image
The main consequence:

An nation on the verge of collapse and a debt bubble around the world.

As Ray Dalio said

'A nation in its last effort of strength is hugely in debt, there are internal wealth disparities and printing money seems to many to be the solution, but it is not'. Image
Read 25 tweets
3 hours left!

1=1 token0,1,2 genesis via @opensea

@threadreaderapp unroll


10% donation to #KIPP The 5Ts! The five pillars to raise construction on foundational Principles in Code: #equity #freedom #opportunity #datasovereign #privacy of 1=1.
#accessibility #blockchain #Ethereum #technology #crypto #cryptart


… yes, AND … i hope meaning of the tokens in relation to #currency #digitalasset #monetarysystem is understood …

[Humble REQUEST for #HELP]
1=1 token0,1,2 genesis…… [5min56sec video upload]

@threadreaderapp unroll

Check out my NFT listings via @opensea

listed 1=1 token0 [Polygon]…

listed 1=1 token1 [Polygon]…
Read 3 tweets

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