As I sat here reading the article and listening to him, an analogy which came to mind was seeing some of the most successful cities growth patterns in this country, such as Phoenix or Vegas or Tampa or Charlotte and how they were able to put nicer, newer, better infrastructure and technology in place quicker and easier than established older Northern US big cities.
It's all about the people doing it, more so than the idea, and this does have that kind of enormous potential to bring about significant and dramatic change in the next decade, maybe even half decade. I think a lot depends, and I am speaking just off the top of my head (although a fairly extensive crypto background, as I was one of the most active traders, no, not even close to one of the biggest, in the world in 2021) since I have no clue compared to you guys, a lot will depend on continuing advances in technology, especially AI, to pull this off. I believe there's a very good chance of this resulting in mainstream, at least in the trading community and investment community, acceptance and usage beyond the realm of comprehension for 99.99% of the world's population.
Very cool stuff. Thank you for sharing. Wiish you the best and I will begin doing more homework, a lot of what he shared has piqued my curiosity.
In 1859 two Coronal Mass Ejections (CMEs) started telegraph lines on fire. They were called the Carrington Event. Last week we experienced 7 much smaller CMEs. Next week, we may experience the same thing as larger sunspots turn towards Earth. An event similar to the Carrington Event would wipe out a vast amount of cryptocurrency via magnetic induction. The last time such an event happened was 1859. On average, these events happen every 200 years.
First of all ginis and Freddy wanted to put up there securities for collateral with 2 % haircut
Exchange was at 25% for real reasons
But none the less this is backed by loans on real real estate
What is good collateral
Not digital currency
Also you owned for 10 years this company has it gone public? If not your breathing on valuations of the last guy in the door ?
The cme should have formed a non guaranteed subsidiary to handle crypto to protect the exchange which would have been more competitive per lukes explanation of smaller exchanges right on
My biggest fear for a exchange was not bitcoin going to zero but overnight going to 1 million which would wipe out the exchange
And for what picking up Pennie’s in frount of a bulldozer
Yes your correct I am not a startup investor unless it has ebita I was taught by a buffet company and some really smart and knowledgeable guys out of Detroit who ran giant conglomerates less risk just as much potential
The U.S. owns massive amounts of public land that has large reserves of natural resources some who think could be in excess of 150 trillion dollars also they own massive amounts of land and buildings in prime locations around the country some say valued at 50 trillion dollars
So we owe 37 trillion dollars on a balance sheet of over 200 trillion dollars
What is the intrinsic value of the USD? Zero. The same as the Zimbabwe currency or the Argentinian peso. All depends on the world to say what the value of it is, not the government.
Governments can only "defend" the values of their currency for so long.
From your comments, it's clear you aren't a startup investor at all.....great startups take a long time to get built and less than .5% of them IPO. They get bought by other companies. Some companies like Cisco have a culture that buys innovation rather than develop it in house.
Turning down Ukrainian deals might, and most probably, has nothing to do with crypto and everything to do with Ukraine. Seems like Hunter did really well investment banking in Ukraine.
As I sat here reading the article and listening to him, an analogy which came to mind was seeing some of the most successful cities growth patterns in this country, such as Phoenix or Vegas or Tampa or Charlotte and how they were able to put nicer, newer, better infrastructure and technology in place quicker and easier than established older Northern US big cities.
It's all about the people doing it, more so than the idea, and this does have that kind of enormous potential to bring about significant and dramatic change in the next decade, maybe even half decade. I think a lot depends, and I am speaking just off the top of my head (although a fairly extensive crypto background, as I was one of the most active traders, no, not even close to one of the biggest, in the world in 2021) since I have no clue compared to you guys, a lot will depend on continuing advances in technology, especially AI, to pull this off. I believe there's a very good chance of this resulting in mainstream, at least in the trading community and investment community, acceptance and usage beyond the realm of comprehension for 99.99% of the world's population.
Very cool stuff. Thank you for sharing. Wiish you the best and I will begin doing more homework, a lot of what he shared has piqued my curiosity.
In 1859 two Coronal Mass Ejections (CMEs) started telegraph lines on fire. They were called the Carrington Event. Last week we experienced 7 much smaller CMEs. Next week, we may experience the same thing as larger sunspots turn towards Earth. An event similar to the Carrington Event would wipe out a vast amount of cryptocurrency via magnetic induction. The last time such an event happened was 1859. On average, these events happen every 200 years.
We have a few years left to play the game...
Observation
First of all ginis and Freddy wanted to put up there securities for collateral with 2 % haircut
Exchange was at 25% for real reasons
But none the less this is backed by loans on real real estate
What is good collateral
Not digital currency
Also you owned for 10 years this company has it gone public? If not your breathing on valuations of the last guy in the door ?
The cme should have formed a non guaranteed subsidiary to handle crypto to protect the exchange which would have been more competitive per lukes explanation of smaller exchanges right on
My biggest fear for a exchange was not bitcoin going to zero but overnight going to 1 million which would wipe out the exchange
And for what picking up Pennie’s in frount of a bulldozer
If a million people trade it and say it has value, why doesn't it have value?
Lastly country risk huge component for making decisions on investment
US STILL THE LEADER IN LOW COUNTRY RISK ON THE PLANET
Yes your correct I am not a startup investor unless it has ebita I was taught by a buffet company and some really smart and knowledgeable guys out of Detroit who ran giant conglomerates less risk just as much potential
The U.S. owns massive amounts of public land that has large reserves of natural resources some who think could be in excess of 150 trillion dollars also they own massive amounts of land and buildings in prime locations around the country some say valued at 50 trillion dollars
So we owe 37 trillion dollars on a balance sheet of over 200 trillion dollars
I’m a banker it’s not good collateral
Intrinsic value is zero
What 1 million idiots think you can’t take to tge bank
And all reports say that Ukraine is laundering billions thru bit coins which is a way to pay off us politicians
I turned down many Ukrainian banking deals under advice from lawyers and the government websites ofac,fin cen etc
What is the intrinsic value of the USD? Zero. The same as the Zimbabwe currency or the Argentinian peso. All depends on the world to say what the value of it is, not the government.
Governments can only "defend" the values of their currency for so long.
From your comments, it's clear you aren't a startup investor at all.....great startups take a long time to get built and less than .5% of them IPO. They get bought by other companies. Some companies like Cisco have a culture that buys innovation rather than develop it in house.
Turning down Ukrainian deals might, and most probably, has nothing to do with crypto and everything to do with Ukraine. Seems like Hunter did really well investment banking in Ukraine.