Discover and read the best of Twitter Threads about #crytpo

Most recents (6)

Short summary of today's @INATBA_org meeting on #TFR in #Brussels:
@Europarl_EN repeated its concerns and intentions, but did not give in to the objections and counter examples of the #crytpo proponents (and bystanders such as @SofwareAG).

1/n
#Crypto proponents were arguing
▪️lack of proportionality (e.g., vis-á-vis cash TX)
▪️undue burden of proof for trivial amounts (no de minimis threshold)
▪️privacy issues for consumers (especially for unhosted wallets

(2/n)
.@EvaKaili (who did a great job of moderating all of this) summarized everything as
▪️excellent discussion today
▪️there certainly is room to maneuver
▪️the two sides have not met today, but...
▪️we will repeat such an discussion meeting at the end of May

(3/n)
Read 6 tweets
#VLRM This is a 5-10x from here imo,hence I'm holding a six figure sum here!The GSX currently hosted 2500 debt bonds to the value of £5bn. From some research the #GSX posted revenue figure of $12.8m dollars in last quarter of 21.
When this gets purchased with a PE x ratio of 5-10 then you can value it a minimum 60m minimum as it is. The problem you have is the conversion to a digital trading platform accessing multiple trillion dollar markets will greatly inflate this to something that can’t be measured.
A bloody nice problem to have indeed! The value going through the exchange 24/7 could be eyewatering.. 500m 800m, 2bn who knows? That's the beauty of this! It has the full backing of the GFSC & will key to the strategic global growth of the #crytpo & #blockchain sector in #GIB!
Read 9 tweets
After reviewing this document from the Presidents Working Group on financial markets discussing StableCoins future regulatory framework, I’ve got some opinions on how this all will probably play out. #cryptocrash #crytpo #sec #cftc #fomc $mstr home.treasury.gov/system/files/1…
Firstly regulation is coming even though the crypto believers don’t want to accept that it will.

@GaryGensler has clearly (ominously for the crypto world) stated that throughout history there have been attempts for private banks and currencies to operate outside of public regulations and all have failed. Basically saying crypto and exchanges will be regulated or destroyed
Read 50 tweets
I had the most amazing conversation with my grandmother today! Born in 1930, I knew she would be amazing source about historical economic information. She told me of how they had their own animals that they raised and the gardens they grew. How they had 7 people/3 generations…
Under one roof! They biggest thing she said when I asked what my great-grand parents said about the time of the Great Depression was “Nothing, they didn’t tell us anything…” THIS is where we make a difference TODAY! We need to be talking about what is going on!
She agreed to basically an AMA where I can relay her information! Mind you, she’s 91 but sharper than most 30 years olds! I will try to do this within the week! If you have people raised during the Great Depression, ask them what they know!
Read 4 tweets
Common sense- if an individual thinks they'll need money in the next 12 months, due to economic uncertainty(COVID,lockdowns,SEC) they should convert to USD or their national currency to pay their predefined debt (mortgage, car pmts, etc...) Don't use #Crytpo as a bank account.1/6
I fully expect 2021 to be a more crazy year than 2020 for the markets and local economys.Biden Tax increases are coming at a time when they will do the most damage to individuals. Unemployment is very high in USA (even for the rigged metrics). Increase to corporate taxes only 2/6
Hurts the little guys (start ups, mom and pops) who reap their sole wellbeing from their own labor. Minimum wage increases further ruins their ability since they lack the economy of scale granted to large corps/franchises. They will be priced out of the market due to gov. 3/6
Read 6 tweets
1/ More and more I seem to get added to twitter lists called “#bitcoin skeptics” or similar. Perhaps I should explain a bit.

So for the record, I’d like to state a few things about #crypto, #altcoins, #tehter & $BTC from my POV:
2/ I am not a #bitcoin skeptic. I recognize the potential of a decentralized, immutable (by current tools and disregarding miner centralization) database. I am enthusiastic about seeing what it will do for us, such as preventing identity theft or authenticating assets.
3/ I detest easy answers to problems of today’s political & financial systems and have a strong impulse to mistrust consensus opinion & “religious” zeal. More than anything, I truly hate when people are taken advantage of due to levels of understanding or education.
Read 20 tweets

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