It's amazing to me that people think these schemes to give people a return far greater than what Bitcoin can itself are real.
It's all Ponzi rube goldberg smoke and mirrors, and none of it is sustainable. You can't create "gains" or "returns" out of thin air.
I wouldn't call all of them a joke. I use and like some where I use wBTC as collateral to get fiat exposure without selling. So there's demand for the service and I'm willing to pay for it in a decentralized manner. Something you can't yet do on Bitcoins L1 or L2. Only on some sidechains like RSK, but the onboarding experience is a pain.
Seriously, if it hadn't been mentioned, I never would have known it existed.
Who cranks out all these garbage "stablecoins" anyway? And why would anyone trust them?
well, bitcoin peeps were applauding them buying $3 bil in btc to support their scheme. nobody (or almost nobody) was complaining.
That's the best joke. Buying BTC for advertisement and then being forced to sell it at a loss 1 month later. These guys get the award for the most gigantic paper hands ever, trading like a noob.
I give at least 60/40 chance that we should expect the same from Saylor (that he might sell into a margin call this year). It seems that EVERYONE who either buys bitcoin on margin OR to do some bitcoin-unrelated stuff, is being shaken off eventually.
Bitcoin is like a wild stallion that does not allow anyone to saddle it.
That's true. You could call it "The ultimate whale-hunt"
Seriously, if it hadn't been mentioned, I never would have known it existed.
Who cranks out all these garbage "stablecoins" anyway? And why would anyone trust them?
well, bitcoin peeps were applauding them buying $3 bil in btc to support their scheme. nobody (or almost nobody) was complaining.
That's the best joke. Buying BTC for advertisement and then being forced to sell it at a loss 1 month later. These guys get the award for the most gigantic paper hands ever, trading like a noob.
Who on earth has any idea how an algorithmic stable coin might/can work. This one is apparently not working anymore yet still dumping the treasury on the market.
Just lost another 15% in a couple of minutes, lol.
Putin could end this, but he's not the man he used to be. He was known to be rational with his decisions, but i can't see any rationality here. I guess that ongoing isolation in the fear of SARS-CoV-2 messed with his brain. I feel sorry for everyone involved and having to suffer, regardless of nationality. This war is completely unnecessary. It's the result of a couple of complex happenings, from the pandemic, to various (also inter-) national political parties, economic forces and their shared weakness of corruption, and not to forget: Foreign influential agendas carried out over the course of years.
Sanity seems to become even more scarce than Bitcoin. (To stay a wee little bit on topic.)
Yeah, to be honest this whole situation is just plain baffling. It really doesn't make a whole hell of a lot of sense.
Sure it does. Just follow the money and the monetary incentives for an invasion of Ukraine, and everything falls into place.
For the people? No, it absolutely doesn't make any sense.