There’s been a lot of discussion about the 21 million disclaimer. I noticed something else earlier on in the part about money, mentions seashells etc. I watched carefully and I quote (please correct me if I am wrong). “… the value isn’t in the object itself it’s in how much we agree the object represents”. Is not this also an important disclaimer indicating that a change in behaviour could adversely affect the value of bitcoin - supposedly the perfect money or asset of the future. There is something else. In the quote shouldn’t there be the word “what” between agree and the. I can’t hear it. This must be a very carefully prepared video. Is the omission deliberate or an accident.

So you have a bank that is of dubious financial health, and is a single point of failure. Just add it to the list of matches that could burn this all down.

In case anybody is wondering, the details in this lawsuit are a good summary, but it gets much juicier if one wants to read stuff I have posted here previously or on the blog.

It took me a little while to figure this whole lawsuit out, but, basically the Ex head of digital assets for CUBI signed up to this website where "experts" are paid $1000 or so for insight on companies, and then all of the hedge funds and other investors get copies of the transcripts. CUBI gets mad about this and sues, so then the transcript becomes public record. Thanks for that!

Tegus is a private database of insider research. And it is clear from the conversation that a certain Tegus client has a hypothesis that CUBI is a shit company/ potential short candidate.
Thanks.

https://s3.documentcloud.org/documents/25007408/customers-v-smalley.pdf

Brokered deposits were a big deal in the last cryptocalypse (Silvergate, Signature, etc.).

I regularly see posts about how Tether printers are running to keep Bitcoin prices up. How are the two related?

If the Tehter is involved then it would seem to me that someone would be selling their Bittcoin for Tether, but then would a bunch of people who used to have Bittcoin be holding Tether? What would be in it for them to now be the bag holders for Tether?

I don't know why bitcoiners get to look down on memecoins and shitcoins when I can't see a difference at their core.

Jerome Powell, chair of the Federal Reserve, hinted that interest rate cuts will slow in 2025. Bitcoin dropped in price soon after, and not just a little bit. If the crypto market is so insanely influenced by this kind of news, how is crypto a safe place to put money in?

I have crypto bros banging on at me to invest in bitcoin/crypto but I’ve never seen the appeal or value or even how it works - can someone in laymen terms explain to me why it’s a pyramid scheme and what is tether so I can shut them down once and for all please

A few years ago bitcoin was new to the average person and it seemed random people bought in.

There seemed to be a new companies and investment, talk of it's many uses. It's was new.

But now there is no talk of new tech and crypto bro is an insult and the public consensus is that crypto is a scam.

You'd struggle to find a positive comment on Reddit outside of crypto subreddits.

I know about tether but even with that surely they need new customers where is this money coming from.

But with a market cap closing in on 2t surely they need general public to be buying.

Ironically bitcoin reaching 100k is going to cause so much pain .

Why we going down?

This group is comprised of people who bought the top and got wrecked and have no accountability or people that think keeping their money in the bank is the best way to store their value, iT’s A sCaM. Thank you.

from his wiki: In 2000, three former DEN employees filed a lawsuit against Marc Collins-Rector and Pierce alleging that they provided the plaintiffs with drugs and pressured them for sex when Pierce and one of the plaintiffs were still teenagers.[33][40][75][76] Pierce, along with the other two DEN employees, fled the United States. They were arrested by Interpol in 2002 in Marbella, Spain. Pierce was released without being charged. Rector eventually pleaded guilty and left the United States.[citation needed] The three plaintiffs voluntarily dismissed all charges against Pierce without receiving any compensation.[77] Court records show that Pierce paid $21,600 to one of the plaintiff's attorneys because said attorney refused to file the order of dismissal requested by his client until the attorney's expenses were reimbursed.[78] In 2017, he relocated to Puerto Rico along with other traders, becoming the leader of a group focused on creating a cryptocurrency based local economy on the island, capitalizing on the aftermath of Hurricane Maria.[79]

I get it, this sub thinks bitcoin is a scam and is stupid. And I don’t necessarily disagree, so don’t shoot the messenger. But my question is why the hate? Seems like people on this thread seem to really hate bitcoin and take pleasure in it going down in value.

If people wanna spend their money on an asset you think is a waste why are you all so bent out of shape about it? There are all kinds of things I don’t like, but I don’t spend my time or energy talking trash about them, I just ignore them

• EL President abandoned
• Microsoft 99% rejected
• Saylor still selling it as a hedge against inflation to boomers
• No national reserve of database entries
• BTC Core versions just revealed out of control
• One dev left to take care of core code
• Blockchain is dead, long live real databases

Then I will own all of the 500 largest companies in the US and their trillions of dollars of revenue!

If buttcoin goes to 0 you will own all the buttcoin.

Finally I have found a refuge from the Madness.

My response to the fomo argument:

I remember Beanie babies. My best friends mom made 100k on them due to lucky timing. Everyone else got wrecked.

I remember the 2007 housing market. My childhood home in Cali in the IE sold for 480k to an illegal immigrant with a liar loan. One year later, foreclosure.

Owning buttcoin is like owning a penny meme stock except worse because meme stocks don't suck up incredible amounts of computing and electrical power resources while you hodl them.

To all of you who are catching flack, I was on thehousingbubbleblog in 2005. The bubble didn't burst until 2008. Real estate only goes up!!!!1 💩🤡

You may be early, but you're still right.

Paolo used to be a lot quicker! Maybe he is tired from literally printing $12 fucking billion over the past month alone.

Just going to leave this here.

Or no, maybe not. Im freaking happy to live on the other side of the Atlantic from where this dude has his lair of power.

Edit: my grammar.

It is known that the supply of Bitcoin can theoretically be increased by modifying just one line of code. However, this change would only take effect if most or all miners agreed to it by updating their Bitcoin mining software (Bitcoin Core).

The person or group behind the name Satoshi Nakamoto could potentially make this happen without anyone noticing by requesting miners to update their software. For example, a message like ‘Please update the software to continue mining’ could appear when miners open the software or even while they are mining. Additionally, the software could be programmed to stop mining automatically until the update is completed. This is similar to how apps like WhatsApp or games like Clash Royale and Clash of Clans request users to perform mandatory updates when an important change is released.

This whole sub is literally just salty mfers who didn’t buy any bitcoin watching it absolutely moon week after week

I don’t even own any crypto but man it’s a little embarrassing to be such a hater don’t you think?

Lots of low IQ posts recently about "oh no they're going to make a reserve". Bullshit. This is never going to happen and is just the latest "pump" narrative. I'll lay it all out for you guys

1. We haven't added to the gold reserve in 70 years

Source: https://en.m.wikipedia.org/wiki/Gold_reserve

Gold is an artifact of our previous (inferior) monetary system which was mostly abandoned in the 1930s and then completely abandoned by Nixon. Sure we have a lot of gold, and haven't sold it but no one has seriously advocated to adding to it. Because why? People won't have faith in the worlds largest economy unless we hoard shiny gold bars? The gold reserve is already anachronistic, a relic from the past so what are we doing repeating it? You want to go to the Fed to exchange your dollar for a fixed amount of Bitcoin? Re*arded

2. What "strategy" is this "strategic" reserve serving?

We hold oil reserves to be able to keep our economy going in an oil crisis. We maintain grain reserves to have grain for a potential domestic or international food crisis. We would hold Bitcoin to ...? Speculate with tax money? Buy monkey jpegs for the library of Congress? There is no benefit to holding this wildly speculative "asset". The US achieving Bitcoin dominance is like owning the most Funko pops in the world. Like Warren Buffet said - what if you owned 100% of the Bitcoin in the world? It would be worthless

3. The US would get front-run on price and then never be able to sell

Imagine if the US announced this - the price would spike through the roof. With such an illiquid asset every bonehead would suck up the supply and the US pays through the nose. Then on the sell side? Forget it, any hint of the US unloading will tank the price. It's an illiquid market and the US is guaranteed to lose this game. What has El Salvador achieved? Nothing

4. Crypto is unpopular and a blatant wealth transfer to these unbearable clowns won't fly

Fundamentally this narrative is 100% bullshit and another flimsy idea to justify the tether-induced bullruns. Public sentiment is abysmal:

https://www.pewresearch.org/short-reads/2024/10/24/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/

Only FIVE PERCENT of Americans think this is a trustworthy asset. 63% do not think it is safe or reliable and the rest are neutral. Crypto has a young male (reddit-centric) niche but is broadly unpopular with the general public. Tax dollars going to the gaudy crypto crowd will not fly

5. The "reserve" lost 75% of it's value two years ago

I mean really? This is our rainy day fund? Can you imagine if gold lost most of its value overnight? People may have short memories but 2022 was not long ago and this is why most people think it's shit. Throwing the US head first into a rug pull at the top of a bull run is just inane. Might as well start the US Hawk Tuah Reserve

Just sayin’. Looking like the buttcoin bubble started popping today. Makes sense given that the only good news left after Mstr gets into Nasdaq is a national reserve that will hopefully not happen. Hopefully it pops before tax payers have another item adding to our deficit that we don’t need.

Tick tock. Buttcoin has reached maximum digital tulip bulb value and ethereum, superior to bitcoin, couldn’t even get back to ATH again before the bubble started to pop Lol.