To our politicians: Rapid testing exists since June 2020. Had we produced them in a state-mandated manner & done an explanation of how to use them on national TV, plus subsidized the purchase, we could have a #lockdown free, safe life...
... where you can buy a rapid test at every little shop around the corner for 2-3 EUR (that is the production cost) and you can go about your life. These tests are not hard to use, they do NOT require a doctor to use them and while they are "only" 90-95% accurate...
... PCR is at 97% and I'll remind you the vaccine is going to be around 90% if we are really lucky. And yet, the only thing we do is sit around and wait for the vaccine and lock out flights from other countries, when the likelihood the mutated virus is already in Europe...
... is 99%. You cannot stop a virus at the border. It does not have a passport. Wake up and finally put in place a strategy that enables rapid testing to be used by everyone. Not just at a doctor for 40-50 EUR... #Covid19#Coronavirus
... You think rapid tests don't work? Christian Drosten, the German godfather of lockdown says they do: medrxiv.org/content/10.110…
... You think there aren't enough of them?
Fair enough (though now there are). Why did we not produce them in a statemandated manner like we did venitlators? And even if they were available limited - Germany mandated their use for care homes MID NOVEMBER. That is way too late.
... You think that the costs would overwhelm us? Christian Drosten, the godfather of lockdowns worked with economists to show they have a bet benefit:
... You think that people would ignore the results and still spread the virus?
Sure. That will happen - Stop looking for the 100% solution. It does not exist. If we even stop 30% of infections this way, we do not need a #lockdown anymore. Be practical.
... You think "But Australia stopped the virus at the border"?
Well, if you look at corona viruses, you will say the subside in the summer and they return in the winter. Sweden had no cases for multiple days all summer... By the way: Australia is now in summer.
... You think testing everyone is impossible?
Well, Slovakia is doing it. Austria is doing it. Yes, not everyone will accept it, BUT WE DO NOT NEED 100% SUCCESS. And by the way, if you assume it is possible to give everyone a vaccine, then testing everyone is just as possible.
I am not saying the vaccine isn't a solution, I am not even saying we can now just open everything. But the vaccine and a lockdown forever is A solution, not the ONLY solution. Please, open your minds:
Yes, I am very much going to join the “I told you so chorus” here.
#Ripple is the biggest scam in the world IMO and their useless token $XRP absolutely is a security. I have fought the Ripple army in my articles since 2017.
Well done SEC. Hope its a strong case. Don’t settle.
And yes that means #tether is only the second biggest scam (because what could be bigger than printing $30bn and DIRECTLY giving it to yourself like XRP did?).
But 👏 regulators 👏 will 👏 come 👏for 👏 tether 👏too
And don’t let brainless $XRP buddies make you believe that this is an ‘attack on #crypto’. The SEC is attacking a company that built a centralized database nobody needs and then created securities if which it kept 80% to finance their business. #ripple then dumped on retail.
The question is not whether #bitcoin hits its ATH with the backdrop of #tether AND the Fed printing and stocks very strong.
The questions is whether Tether will then be content and cease their manipulations for a while or blast right on. $BTC $USDT.
Not advice...
...Note that I have been Bullish #crypto and #bitcoin personally since an end of July article, so I am not saying the entire rally was a #tether manipulation. Not at all.
However, we have to be honest: the last week or so tether and their cartel prevented any drop from...
...becoming more pronounced and protected $BTC from falling. Leveraged financing rates mean you lose 75% of your position over a year from sitting in longs if #bitcoin does not go up. That isn‘t normal, that‘s beyond euphoric and without #tether actions it will correct...
Thoughts on #markets into year end and beyond, we know:
- Fed is printing
- Vaccine is working
- Money market fund holdings still at record highs (ie money that does not earn a thing and watches in agony as markets climb)
- Biden returns calm to politics
In all seriousness though, let me attempt to explain the #tether sends to #binance.
Everybody knows that $USDT is used to paint the #bitcoin price whichever way the tether cartel members would like it, mostly upwards. There is no single Dollar in actual money coming into...
... tether. Definitely not since liquid stable coin alternatives with full KYC & AML compliance as well as regular audits have become widely available. And I am, as you can see above, in the camp of those who believe the entire #tether system is a scam. However...
... when #binance receives $USDT, the simple fact is that the exchange has long comingled usdt, other stable coins and actual usd. So when the trade volume on binance goes up, they may choose (depending on said comingling) to settle in usdt or posting in usdt, so...
Okay, so I have seen it propagated on #crypto twitter too often now to ignore it. So let me clearly explain:
Today’s drop in #bitcoin price had nothing whatsoever to do with Biden being projected to win the US election. Markets do not work that way. Here is what happened:
$BTC had run up by 30% in 3 weeks, in the process taking out more or less every identifiable chart resistance on the road to its ATH. People doubted this move so much that CME shorts reached record levels and leverage funding was consistently paying longs and charging shorts,...
... fueling the move further and further. This weekend, finally, the situation turned and financing went to levels that you can easily connect with “moderate euphoria” historically. That is typically when #bitcoin experiences a larger short-term drop....