Thanks! I really enjoyed reading this Twitter thread as well: https://twitter.com/mrjasonchoi/status/1592502785873825794. With guest appearance of Elon Musk

 

My guess, and that’s all it is, is that the archaic currency system using expensive coins and printing will be replaced by digital currencies. It’s already started in some places and people who seek power will observe every transaction that takes place and have the opportunity to disallow transactions they deem to be inappropriate.
Maybe it’ll happen and maybe it won’t, but if I were a government busybody it would sound fantastic to me.

 

The use of notes and coins are already on a big downtrend due to credit and debit cards, the use of cryptos aren't needed for this trend to continue. Governments love the idea of everything going electronic because it is far easier to track people financially. That's why there is a concerted effort to get rid of high value notes in circulation, governments can't easily track the transactions. I believe Switzerland is pondering the withdrawal of the CHF 1,000 note, the busybodies question why such a high value note is needed to be in circulation.

 

No one has mentioned "the mark of the beast" yet.

 

Okay thanks. That’s what I thought it would be about...

 

Honestly, I can’t recall the last time I used actual cash, even to pay for something small. I did try to use coins to get out of a parking lot the other day, but the machine wouldn’t take them...

 

It’s actually known as the Apple Watch. “It will be a chip beneath thy skin, ye shall pay with it and they shall track thee with it…”. Them Old Testament naysayers got one detail wrong : it’s above the skin, not beneath it…

 

From FTX's new CEO and liquidator, John Ray III, who also oversaw the unwinding and liquidation of Enron:

source:

https://www.zerohedge.com/political...lams-unprecedented-failure-corporate-controls

 

All these cool celebrities encouraged the rabble to invest in FTX. Steph Curry has that puzzled look “WTF?”

 

It’s here.
https://www.fidelity.com/crypto/trading

 

Interesting. I remember funny things happen when more trading firms enter the market

 

Crypto is still a thing ? I thought the party was over.

 

They wanted FTX to crash, they want the outside crypto market to crash because they want you to use the CBDCs they are working on. Haven't heard of that? Central Bank Digital Currencies. They want you using THEIR crypto. Period. However, look no further than how bad of an idea this is than Canada during the trucker protests. They turned off bank accounts, froze crypto accounts ... based on lies. See how Chase turned off Ye? It's designed to make it easy for them to silence us.

There's no conspiracy theory here any longer, it's reality now.

 

Here's a better deep take from coindesk this morning: https://www.coindesk.com/layer2/2022/11/30/ftxs-collapse-was-a-crime-not-an-accident/

 

C'mon, now. FTX crashed because it was a fraud, and it's not the only one. More importantly, it isn't a cryptocurrency, but rather an exchange, so it isn't in direct competition with CBDCs.

It may well be true that those who are invested in promoting CBDCs were, to varying degrees, happy to see the broader crypto environment sullied by FTX, and other exchanges and coins blowing up. But as governments can make cryptocurrencies illegal with the stroke of a pen, they hardly need to rely on the broader industry to self-immolate, even if it would be convenient, in a sense.

 

Is it time to change the title of this thread from:

Are members invested in Bitcoin?

to:

Are members letting it ride on Bitcoin?

 

Funny how SBF hasn’t been arrested.

 

btw, Bitcoin is already illegal in China and many other places where it’s still very popular. It would be easier to make drugs illegal.