Author: dfmines

No, I’m not talking about underrated in the world or in market cap. (VET / ERG / ONE) I’m talking about underrated in our sub, a crypto that is great but isn’t talked about enough on this sub. I would go first and say Tezos (XTZ), it’s severely underrated, in and outside this sub in…
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Hello fellow Ethereans, first off apologies I need help as I'm an experienced DeFi user but even people like me make mistakes. Situation: I was part of an NFT drop, but it was for a music artist so I wasn't able to mint directly to my Ethereum main account. It was a weird drop in…
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On 07-Sep-2021, President Nayib Bukele announced that El Salvador bought 400 BTC for $20.9M. On 08-Sep-2021, El Salvador bought 150 Bitcoins, bringing the total to 550 BTC. “We just bought the dip. 150 new coins! El Salvador now holds 700 coins," Nayib Bukele, tweeted on 20-Sep-2021. For this purchase, it is reported that El Salvador…
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submitted by /u/desi_fubu [link] [comments]

I started my crypto journey in April 2021, being on the wrong side of 50 and chronically aware of having another 18 years until I retire, tired and wanting a rest, I began researching Bitcoin with the idea that maybe I could invest and retire a little earlier. Contrary to many beliefs that the older…
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In the past weeks, the Bitcoin bulls have shown great strength pushing BTC’s price back into the $50,0000. In the meantime, the members of the U.S. government have re-opened a pandora box in an attempt to elevate their debt ceiling: to mint a $1 trillion coin and prevent it from defaulting on their national debt. Related Reading | Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics Issue As Peter St. Onge, a Ph.D. and economic research fellow at Heritage Foundation, explained in a post called “Trillion Dollar Coin: Rocket Fuel for Bitcoin”, the measure has been deferred at the expense of $480 billion taken from the American public, but BTC and its holder have already benefit. As Onge pointed out, the U.S. government has been pushing the limit on their debt since several decades ago. In fact, it’s not the first time a government official has proposed to mint a $1 trillion coin and keep it on the U.S. Treasury balance sheet to elevate their debt ceiling. In that sense, the researcher referred to the $1 trillion coin as a “gimmick to exploit a legal loophole”. The decision has been postponed at the moment, but the U.S. government could return to consider it if the economic situation worsens. Thus, making Bitcoin much stronger. Related Reading | Fed Chair Says Still “Working on” Digital Dollar as China Pulls Ahead The scenario where the U.S. decides to issue a $1 trillion coin could have devasting consequences for the global economy due to the status of the USD as the global reserve currency. Onge said the following on the chaos that could ensue: (…) the end result of a trillion-dollar coin is radically higher money creation, radically higher government absorption of real resources from the private sector, and a federal government that has finally maxxed out the credit card once and for all. Bringing them at last face to face with the universe’s ultimate debt ceiling: the bond market. How Bitcoin Has Benefit From The $1 Trillion Coin The fact that the discussion to mint a $1 trillion coin is actually being considered by the U.S. government, is already a bullish factor for Bitcoin, the research claimed. BTC was created as a result of a financial crisis and a lack of trust in the central authorities that rule over the global monetary supply. In that sense, Bitcoin operates as insurance, a way to opt-out of a system that seems to be trap in a “pattern of destroying the world every decade”, as Onge said. Inflation, one of the main problems that came out of the COVID-19, could be significantly worse if handle by other branches of the U.S. government. The research said: (…) if you think central banks like printing money, just wait til you meet Congress. And, as corollary, if Bitcoin’s price likes the Fed’s money printers, wait til they meet a Treasury that shoots out trillion-dollar scrip for sport. Ultimately, Onge rules out the possibility of a $1 trillion coin, but its symbol of inflation and lack of trust in the government stands. Thus, it becomes just another reason to hold Bitcoin. Related Reading | Bitcoin Back To $64K? Why This Time The Bulls Have The Winning Edge At the time of writing, BTC trades at $54,976 with a 1.3% profit in the daily chart.

Hy /Crypto fam, got into crypto in 2018 after the crash. I've red many times of how little there is vaults created.. Thing is, I never had enough karma to comment here, even though I wanted to few times. So I never had chance to earn moons 🌚 I'm not that kind of person, who…
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submitted by /u/Mango_Farm_Assets [link] [comments]

Crypto is still at an early stage, but with NFTs and DeFi, blockchain is obviously the future of fintech and not just a bubble.