Those not sucking up every sat in sight right now have no fucking clue what #Bitcoin is. They should SELL to those of us who do. #GTFO

Bitcoin News

JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic

Jamie Dimon, CEO of JPMorgan, stated he favored abolishing the debt limit, giving the U.S. government faculties to extend debt unilaterally.

Does anyone else condone this ordinal crap on #Bitcoin ?

Bitcoin News

Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows

During the last two weeks, Bitcoin’s scaling challenges have sparked lots of controversy and diverse perspectives.

When your jurisdiction tells you they are #crypto friendly

Price predictions for #Bitcoin are a fools errand. The problems Bitcoin was meant to solve are all coming to pass. Debasement, Inflation, bank failures, obscure accounting rules designed to cover up the flaws of the FRBS; add infinitum. If you MUST keep score, measure Bitcoin purchasing power

Accounting rules are designed by governments, regulators and standard setters to perpetuate lies about the condition of the #FRBS

Dressed in disguise: how accounting rules hide the flaws of the fractional reserve banking system

Written by Jason Meyers, lead architect of Auditchain Labs AG This article looks at the controversial topic of flawed accounting rules that are des...

#SocGen is the latest #bank to convince you they’re digital #fiat garbage is not garbage. Did you believe them while they were spreading FUD about #Bitcoin and #crypto? #RugPull

#Bitcoin adds contrast. My God. What have they done..

So let me get this straight. YOUR system has to be debased another $600Bn to backstop YOUR #deposits in YOUR #banks because YOUR #regulators wrote bank accounting rules that covered up YOUR losses caused by THEIR #debasement?

That’s 3 in 96 hours. Suppose a gambler with unlimited credit starts at a deficit and plays potentially an infinite number of trials to try to reach breakeven. We can calculate the probability he ever reaches breakeven, or that an attacker ever catches up with the honest chain, as follows [8]: p = probability an honest node finds the next block q = probability the attacker finds the next block qz = probability the attacker will ever catch up from z blocks behind

Crypto-Friendly Signature Bank Shut Down by State Regulators

New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve announced.

Don’t you love when government comes out and says “everything is fine”

So let me get this straight. USDT is still pegged but DAI is NOT?

CoinMarketCap

Dai price today, DAI to USD live price, marketcap and chart | CoinMarketCap

The live Dai price today is $1.00 USD with a 24-hour trading volume of $240,720,852.24 USD. We update our DAI to USD price in real-time.

Legacy banks serving #crypto be like…

City AM

Silvergate Bank: Smoke on the water turns to fire in the sky

Auditchain

The fundamental signs of the troubles for #Silvergate were there over a year ago. https://blog.auditchain.finance/silvergate-bank-smoke-on-the-water-now-fire-in-the-sky-851d81f1bb

#Pacioli gave you clues about the the condition of #Silvergate back in October. Internal controls were doomed. #Pacioli took 30 seconds to output. #financialstatement #ProofOfState https://pacioli.auditchain.finance/reportAnalysis/8b9a8ee1de3529ea87d590b580de4043e003f746.report/rules.html

Why do I have to be civil and behave like a normal human being in the face of such criminality? Why? Why? #JPMorgan steals from me every month and I have to just suck it up?

First #Covid. Then brain eating amoeba. Then #CBDCs