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Leveraged crypto has major risks. This time around FTX over-leveraged itself, causing a domino effect. Collectively, we too, are responsible for drops like this. Humanity loves to borrow… i.e.the US government is over-leveraging the US dollar, or people borrow too much off their credit and other assets (and crypto too!). Bitcoin can solve many problems, but not humanity’s proclivity for over-leveraged speculation. That’s human error.
The article below (from a while back) discusses leveraging in general, and its repercussions.
Untethering Tether: Leveraged Crypto and the 2008 Financial Meltdownhttps://www.cryptoliberate.com/untethering-tether/
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Governments all over the world are moving towards central bank digital currencies, which would risk stripping away our financial liberties and potentially become a conduit for social credit systems. It’s not a conspiracy theory. It’s an agenda.
#CBDCs ~ James Melville
Twitter: @JamesMelville Learn more about crypto at www.cryptoliberate.com
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Your health is your most precious form of wealth. Make sure to save your spot for the upcoming REGENERATE YOURSELF masterclass -- it's totally free if you use this link: https://bit.ly/cryptolibfreemasterclass
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Repost from Sayer Ji Official Channel
😂😭Laugh or cry, it's coming, unless we stand up and create alternative systems. Here's a few for you to join www.unite.live www.standforhealthfreedom.com www.qortal.org Post others we should know about in comments!
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This is Big News. Square has tens of thousand of merchants using their technology. Next step, allow anyone with the cash app to easily pay for goods and services with Bitcoin right through their cash app. The transaction will take place in seconds and it could be set up anywhere. This is simple step forward with major potential. Is the Bitcoin bear growing some bull horns?
CashApp adds support for Bitcoin Lightning Network https://cointelegraph.com/news/cashapp-adds-support-for-bitcoin-lightning-network
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Wealthy Crypto Bull Rishi Sunak Become’s Britain’s Prime Minister After Truss Resignation https://zycrypto.com/wealthy-crypto-bull-rishi-sunak-becomes-britains-prime-minister-after-truss-resignation/
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hThe CEO and co-founder of the peer-to-peer bitcoin exchange that's popular in Africa explains why the Global South will lead the Bitcoin revolution. ttps://www.coindesk.com/tech/2022/10/24/hyperbitcoinization-is-coming-to-an-emerging-market-near-you-an-interview-with-paxfuls-ray-youssef/
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In this discussion with AUREA event founders, Jackson Strong and Jeff Parker, Mike and Jason will give a preview of what they will be talking about in Miami and why QORTAL is so important for this great transition into a more beautiful world of peace and abundance. https://unite.live/qortal-blockchain-project/qortal?recording_id=1337
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The below acquisition is all about energy efficiency. It’s why Bitcoin and energy companies can better help the environment and the grid by teaming operations together.
Gas-to-Bitcoin Firm Crusoe Energy Acquires the Operating Assets of Great American Mining
https://coinstats.app/news/divFjcVKxO_GastoBitcoin-Firm-Crusoe-Energy-Acquires-the-Operating-Assets-of-Great-American-Mining?utm_medium=Organic&utm_source=coinstats
