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LNN

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Everything posted by LNN

  1. We must all drive electric cars to save the environment but using electricity to mine bitcoin will destroy the earth... All of America's kitchen microwaves on standby use twice as much energy as bitcoin mining.
  2. Bitcoin took just 12 years from its creation to reach a trillion-dollar market cap. It took Microsoft 45 years and Google 22 years to reach the $1,000,000,000,000 mark!!! When Bitcoin is at $80.6K, it will have passed the Market cap of Silver. How long do you think til that happens?
  3. Cash is being diluted by a few % per year. Since they have many billions in cash this small % comes in the form of millions and even tens of millions of dollars worth of dilution for them. This cash dilution has been going on for decades and typically in these cases large corps would look to treasury bonds. They essentially purchase these “same as cash” US Treasury bonds and keep those which increase a few % per year. And the growth on those bonds offsets the loss on their pure cash and all is well with the world. This year however there was a change. The interest rate in treasury bo
  4. This is the plan, I believe. CBDC's and monetary control of the global population. All pushing the green agenda, hence the push back against Bitcoin being an energy burner. This will be their attack vector. I would add that Bitcoin is out of the gate and way ahead. It will be interesting to see how they try and stop it.
  5. Alexander the Great is one of the most extraordinary individuals in history. He became king of the fringe Greek kingdom of Macedonia in 336 BC at the age of just 20, and before his death twelve years later, had imposed Macedonian overlordship on Greece, destroyed the mighty Persian Empire and led an army deep into modern Afghanistan and to the Indian frontier. At Opis he faced a mutiny by his Macedonian troops, angered that he wanted to send some of them home, while appearing to give preference to his new Asian subjects, and adopting many of their customs. Alexander dealt ruthlessly
  6. Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and regulators.
  7. Cherenkov light appears when a charged particle travels through matter faster than light can. This effect is the optical equivalent of a sonic boom, which occurs, for example, when a jet travels faster than the speed of sound. But how can a particle go faster than light without violating the laws of physics? The speed of light in a vacuum is the ultimate speed limit: 300,000,000 meters per second. It's thought that nothing can travel faster. However, light slows down when it goes through water, glass and other transparent materials—in some cases by more than 25 percent. Hence a parti
  8. Twitter CEO Jack Dorsey has announced a $23.56 million endowment to a trust that will fund the development of Bitcoin in Africa and India. The fund will be set up as a blind irrevocable trust and take zero directions from the board members. Dorsey also called for three board members to start the trust, whose stated mission is to "make bitcoin the internet's currency."
  9. Bitcoin's market cap has surpassed $900 billion for the first time. Earlier today, the cryptocurrency hit a new all-time high of $49,000 on the Bitstamp exchange before retracing below $47,000. The flagship coin has soared over 26% this week alone.
  10. US Securities and Exchange Commissioner Hester Peirce has said the US capital markets are ready for a bitcoin exchange-traded product. She said people are already eager to trade a bitcoin ETP. She also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. For people who are not aware - ETP is the umbrella term for the collection of financial products traded on a stock exchange that include ETFs. Yes, she's always been pro Bitcoin. But her language is very telling. She said the US capital markets "are ready" for an ETF.
  11. BNY Mellon is entering the Bitcoin arena with the creation of a “Digital Assets Unit.” The New York-based bank will issue, hold and transfer bitcoin on behalf of its asset-management clients. The bank is a custodian of over $41 trillion in assets and has $2 trillion under management.
  12. Twitter CEO Donates $1M to Coin Center
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