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0 sats \ 1 reply \ @iggydotdev 5 Dec 2022 \ on: Caroline left Hong Kong for NYC meaning there's 2 possibilities here: bitcoin
Ftx drama is a never ending story. I still believe there is something or someone else pulling some strings. Sam is playing a very long game... First he is the saviour of crypto and a very intelligent guy then he became dumb? Suspicious in my opinion...
I think this is too soon. I reckon we desperately need first to have an stablecoin regulation. Otherwise wipeouts like terra, ftx could happen. And I agreed that the problem is that those companies were largely going full over leverage. Btc is really good store of value and probably that is the main reason why it is in the position it is. But yeah, I would not mind to see a btc backed stable coin in the future.
This is a global thing. Not only because of the crypto space. Is just how the economy is doing and probably globally influenced of what is happening with inflation in the US... Companies suffer too from this, they could still make big numbers but not as much as when the economy is in a "better" shape. Still, is up to the companies to minimise risks and save during good times so they can make it through during rough times. Just a though...
TBH, I'm really surprised they didn't support the second biggest crypto sooner. I think they've probably missed a BIG opportunity at the beginning of the bear market to get more people to use it.
Definitely Mempool. It looks nice on mobile devices and gives enough information (also well structured). Bitcoiner live looks like something you will use in accounting.
I really hope they do not buy in to remove competition. Otherwise it will be like another FTX situation... Adquiring companies with all their debts and after some time... surprise surprise, they declare bankrupt
GENESIS