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One for the crypto haters

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  1. #121

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    Quote Originally Posted by Gollygordon:

    - Unrestricted access to services previously reserved for the few. Anyone in the world can buy derivatives of most US stocks, commodities etc.

    Is this before or after crypto lifts billions out of poverty?

  2. #122

    Join Date
    May 2012
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    Quote Originally Posted by Gollygordon:
    @FrancisX. If you are going to make assertions about how bad blockchain is and how Visa is clearly superior, what is your opinion on why in their own words Visa are focused on 'bridging the worlds of digital and fiat currency'?

    https://www.visa.co.uk/about-visa/ne...s.3086078.html
    I mean this literally say that crypto.com asked visa to settle in USDC and not USD, and visa said "alright". What visa (well, anchorage) does with those USDC is the juicy part...but we don't know that.
    Last edited by alexdown; 11-06-2022 at 02:13 PM.

  3. #123

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    Quote Originally Posted by alexdown:
    I mean this literally say that crypto.com asked visa to settle in USDC and not USD, and visa said "alright". What visa (well, anchorage) does with those USDC is the juicy part...but we don't know that.
    The article is 15 months old.

    You have any updates of all the direct crypto to merchant transactions that have been made using USCD/Visa in the time since? Or is still a top up with crypto debit card function?

    The key part of that press release is this:

    Visa’s treasury upgrades and integration with Anchorage also strengthen Visa’s ability to directly support new central bank digital currency (CBDC) as they emerge in the future.

  4. #124

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    Ok let’s all invest in NFTs


  5. #125

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    Mar 2021
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    681

    edit


  6. #126
    Quote Originally Posted by Gollygordon:
    Anyway, here is another actual genuine concern in crypto to be aware of. I suggested removing funds from Celcius immediately after the UST depeg and it appears via various sources that they may indeed have increasing solvency issues. Would again recommend getting out if still exposed. Maybe it is nothing but there is extremely little upside in taking the chance.

    https://twitter.com/otteroooo/status...AuKEKs6_ZA6mOQ
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    ByeByeEngland and hullexile like this.

  7. #127

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    Quote Originally Posted by Gollygordon:
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    This isnt gonna end well.

  8. #128
    Quote Originally Posted by Gollygordon:
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    What are the "extreme market conditions" they are talking about? Recent movements in bond, equity and currency markets are well within the range of normal fluctuations. They may be painful for many investors but there's nothing remotely abnormal about them.

    P.S. never heard of Celsius until you mentioned them in this thread.
    Gollygordon likes this.

  9. #129

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    Celsius have enabled HODL mode for all their customers:

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    I admit I had to google what HODL means, not a term I am familiar with.

    HOLD ON FOR DEAR LIFE!

    shri and jgl like this.

  10. #130

    To be fair to Celcius, it isn't 100% clear they are actually insolvent. May simply be that that their assets are illiquid and they need time to unwind positions and process withdrawals. Wouldn't bet on it at all though.

    Here is their competitors take:

    http://https://twitter.com/Nexo/status/1536217850591035392?t=KCsR7PHFyhb17rPhzm1GLg&s=19


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