Discover and read the best of Twitter Threads about #bitconnect

Most recents (5)

#Bitcoin (and other proof of work coins) needs to adapt or die for #cryptocurrency to win.

Why?

Proof of work burns money that I would rather have as gains.

It really is that simple: money that goes to miners is money that I am missing out on.
The same applies to proof-of-space coins like @chia_project or anything else that uses hardware or energy for consensus.

The technology for proof-of-stake is more complicated and the issues that are raised are nuanced, but the time has come for it.
I think that proof-of-stake and the end of the constant moneyburn is the real catalyst for the #supercycle.

#Bitcoin will either adapt to this and move to PoS or it will die.

Environmental concerns are actually secondary to this, but they will help the inevitable.
Read 6 tweets
Here are some tips, observations and ideas for new comers in crypto 👇🏽
1/ Don't trust anyone.



Approach everyone with skepticism.



That includes people shilling coins, anyone asking for your #crypto to invest, and random people that message you.
2/ Every position you enter should be a fixed percentage of your portfolio.



Preferably 1% for a typical trade.



Risky #Uniswap gems might be 0.5%.



Very strong longer term positions say 2-5%.
Read 21 tweets
There are a lot of people currently afraid of the impending regulatory clarity from @USOCC Brian Brooks and the Office of the Comptroller of the Currency (OCC). #cryptocurrency = wild west since 2009, we've witnessed extraordinary growth, and extraordinary amounts of fraud.
#Cryptsy #MtGox exchanges closed down, stole individuals account balances, and employees fled countries only for the individuals to have little recourse under local and international laws. 11 years later, many individuals losing it all we're getting clarity, and that is exciting.
You see like many people I've talked Crypto to family, friends, colleagues, and strangers since 2009. Every year brought exciting innovation #Ethereum, #Bitcoin #SegWit, #XRP, #Ripple. It also brought fraud #PinCoin #iFan #Bitconnect, and moral impediments #SilkRoad stopping any
Read 15 tweets
Back from a weekend of travelling..time to continue the teardown of #probanx #isignthis #deepdive part 2.
#probanx customer #globecapitalfincorp 'leading investment bank and financial institution based in the USA and UK (probanx words not mine)
Sounds great. well in Lala land anyway.
Read 21 tweets
1| Will the SEC go after coin promoters?
Let’s begin by analyzing their statement from November of 2017.
2| Before proceeding, please be advised that while I am a FINRA registered advisor, I am not a licensed attorney and you should consult one if you feel at risk.
@DiaryofaMadeMan @MichaelSuppo @boxmining @jasonappleton @cryptomocho @TheCryptoDog
3| Paragraph 1 “Celebrities and others” communicates that this isn’t just about athletes/Youtubers. It is anyone who promotes a security for their own personal gain. Promoting a company is fine. You can promote Tesla cars all day. Telling someone to buy $TSLA stock is different.
Read 15 tweets

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