The build-up of the debt problem is inevitable, and it can only be resolved through a crisis. 

Yes, there will be a crisis, hopefully it will not reach catastrophic proportions. But it will pave the way for the construction of a new, healthy, decentralized economy.

Read more here.

#crisis #dollar #financial_system

Комментарии

Отправить комментарий

Популярные сообщения из этого блога

Изображение
Crypto Exchanges vs SEC Litigation between US Securities and Exchange Commission and major crypto exchanges is ongoing.  The SEC, following the position of its head Gary Gensler, accuses Coinbase, Binance and Kraken of illegal work as unlicensed securities trading activities. So far, illegal trading in securities is the commission’s favorite accusation. Usually, it classified cryptocurrency to securities without any special checks and expertise. If there is cryptocurrency, then it is a security. The exception is Bitcoin, but it is a dubious asset that suspicious people use for dark causes. However, Ripple managed to prove in court that at least monets traded on the stock exchange cannot be considered cryptocurrencies. And then there is the decision of the futures commission that defined Ethereum as commodities. In the current situation, a court ruling in favor of the SEC would mean an additional control circuit over the crypto business.  In fact, crypto exchanges fight for the right to
Далее...
Изображение
Tether leaves the crypto community When we talk about cryptocurrencies, we imagine something independent, free from traditional finance. This is true, but only for certain cryptocurrencies that are fully decentralized. A fine example is Bitcoin. This is really a classic cryptocurrency, almost independent from the intervention of third parties, including developers. Indeed, the impossibility of such interference was embedded in the original ideas of Satoshi Nakamoto. That was the main ideological principle, and the blockchain helped put it into practice. We now see that principle being violated. CEO of Tether (USDT) Paolo Ardoino stated that he aims to become a world-class partner of the US to help "expand US$ hegemony". As a real "help", Tether froze $435M in user wallets at the request of American law enforcement.  Tether stated that it considered such a policy a sign of foresight and vigilance. In fact, this is an excellent example of short-sighted politics. The c
Далее...
Изображение
Who Owns the Mr. 100 Cryptowallet and What Does Upbit Have to Do With it?  Over the past two months, I've been keeping a close eye on the unusual activity of one Bitcoin wallet nicknamed "Mr. 100." This wallet regularly received deposits of exactly 100 BTC every few days, which led to certain thoughts. Upon deeper analysis, I noticed natural connections between this address and the well-known wallets of the large South Korean exchange Upbit. Having studied the transactions, I came to the conclusion that the so-called “Mr. 100” is highly likely to be a cold wallet of this exchange. The wallet in question , identified by the address "1Ay8v" with a balance of 52,996.88 BTC, has attracted the attention of other crypto enthusiasts. Debate about its origins has reignited on social media, sparking speculation about the identity of its owner, including rumors of a connection to a Qatari billionaire. The key observations that led me to make this assumption were the follo
Далее...