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WTF is now wrong, all cryptos down?

Check the GENIUS act.

We need a stablecoin with no blacklist function, an exogenous one. pDAI!
this is way above pay grade I'm afraid

a stable coin must be by definition centralized (i.e. compared to USD taking event more counter party risk in exchange for less friction to transact)
 
this is way above pay grade I'm afraid

a stable coin must be by definition centralized (i.e. compared to USD taking event more counter party risk in exchange for less friction to transact)
A stablecoin isn’t, by definition, centralised. That’s just true for custodial ones like USDC. DAI and potentially pDAI show it’s entirely possible to have decentralised stablecoins backed by crypto collateral instead of fiat reserves. With no blacklist function.
 
A stablecoin isn’t, by definition, centralised. That’s just true for custodial ones like USDC. DAI and potentially pDAI show it’s entirely possible to have decentralised stablecoins backed by crypto collateral instead of fiat reserves. With no blacklist function.
what is a stable coin backed by another crypto asset good for? I mean compared to holding and transacting directly given asset...
 
Because you
what is a stable coin backed by another crypto asset good for? I mean compared to holding and transacting directly given asset...

Capital efficiency, You get the permissionless access of DeFi while getting the predictability of a stable dollar peg... 1 DAI = 1 USD. Maybe even 1 pDAI = 1 USD soon for a truly decentralised stable.
 
If they have millions, or just hundreds of thousands of followers, all of whom are interested in Bitcoin or crypto, I believe it can work.
 
google Gresham's law and you will understand that such a behavior is nothing new nor surprising, it's well justified and you're just "impatient" - people will stop hoarding the best money once nobody will accept the defective money - we are in the process of a historical event of unprecedented transformation, people obviously spend the worthless currency they earn and those who already earn only crypto assets spend that - there are not that many yet and the good money they hold also changed their time preferences and habits when it comes to consumption - it will happen no doubt but I have to disappoint you... the last man standing won't be Monero
I must admit I hadn't heard of Gresham's Law, the idea makes sense and sounds great. All the same, artificially inflating the price via pumping propaganda just means the price will have to crash before it finally settles. That makes it unstable in the meantime. Gold and silver are better candidates for Gresham's Law than cryptos anyway.

I'd rather Monero (or any crypto) just grows organically. Monero was doing just that before the recent pump. Now Monero bros on Twitter are calling $100,000. Stupid artificial price pumping.
 
Gold and silver are better candidates for Gresham's Law than cryptos anyway.
better than PoS surely
not better than Bitcoin and its forks (unless somebody fucks it up with unlimited supply and similar tweaks) - that's why we see what see and what we will see
I'd rather Monero (or any crypto) just grows organically. Monero was doing just that before the recent pump. Now Monero bros on Twitter are calling $100,000. Stupid artificial price pumping.
(un)fortunately the universe doesn't care what anybody wants - the energy has its own rules how it flows - whoever understands it can predict better
 
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Ha ha, serves them right...

Screenshot_20250528_101953.webp


How many people bought at the top because people on Twitter said it was going to the moon? How many who bought have weak hands and are now selling at a loss? This is what happens when get rich quick scammers use a cryptocurrency as a pyramid scheme.

This just gives ammunition to the governments who wish to justify banning cryptos. The governments are just "protecting" us by banning cryptos, they'll say. Use our "safe & secure" CBDCs instead, they'll say.
 
With all the global instability right now, just in the past 24 hours alone: Israel bombing Iran, major internet giants under attack, protests erupting in LA over Dump Trump, and the upcoming US flag day coinciding with more Trump chaos it's safe to say there's nothing stable about the crypto market at the moment.

It’s starting to feel as volatile as Bitcoin was back in 2015 to 2018, and honestly, it’s incredibly frustrating.
 
The FUD is back here I see.

I didn't know that Satoshi still keeps buying/mining, 369? He hasn't mentioned it to me, did he tell you that? ;-)

The retrace to 103XXX was obvious, I was waiting for that since Tuesday.
Loaded up my last batch today morning @ 1033XX, and started one more grid bot not to miss out if it goes lower.

Maybe too early though, I recommend waiting until after the weekend. But I feel good with my entry.
The PI indicator is @ 165K now and rising, I think we'll gonna run at least until 159K (my current lowest projection), if we all don't die in a nuclear war.
 
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anyone claiming BTC is stable with Satoshi holding 5% (now 8-9%) of all avaibable bitcoins must be delusional
wasn't it you who repeatedly declared BTC was created by three-letter agencies, banks or reptilians (don't remember, not important anyways)?

spreading the same non-sense all over and over again is almost as embarrassing as using multiple accounts

how likely it is these coins will ever move again? even if it ever happens then what?