Asia is fast becoming the new center of gravity for cryptocurrency markets. As US regulators sued three major crypto exchanges this year, billions of dollars of trading volumes have migrated to Asia. Su Keenan reports on Bloomberg Television.
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7 Comments
Crab-17
bing bong
I don't want to be your friend
I just want to be your lover
No matter how it ends
No matter how it starts
Forget about your house of cards
And I'll do mine
Forget about your house of cards
And I'll do mine
Fall off the table
And get swept under
Denial, denial
The infrastructure will collapse
From voltage spikes
Throw your keys in the bowl
Kiss your husband goodnight
Forget about your house of cards
And I'll do mine
Forget about your house of cards
And I'll do mine
Fall off the table
And get swept under
Denial, denial
Denial, denial
Denial, denial
Asia ? 😂😂😂😂😂
Why they show picture of ftx on the binance app…
First Cryptocoin Dev: "Hey, want to exchange your hard earned money for fake digital money?"
"No"
"Well, its tradable so you'll have charts and based on our chart that we drew with the buyer and seller being ourselves, the price have gone up. You might miss out on possible future price increase."
"What's the benefit?"
"Well, you can buy the fake digital money and send it to someone else. And if that someone else manages to sell the fake money to a greater fool at or above your cost, then its basically remittance without the fees."
"What if the price goes down?"
"Then you HODL"
"HODL as in How Only Dimwits Listen?"
"No, HODL as in a misspelling of HOLD because we can't legally tell you to hold an illegally issued digital security masked as currency when prices are clearly going down due to it being intrinsically worthless"
"I'm sceptical"
"Our fake digital money will be limited in quantity but the kinds of fake digital money is unlimited. In fact, it's open sourced. Anyone can make their own fake digital money. Just change the name a little."
"I don't buy the premise"
"But don't you hate the government spending beyond their means and printing money and eroding the value of your savings"
"Yeah"
"Well, you're in luck because we're not the government. Putting your savings in fake digital money will erode the value of your savings. But thank God we're not the government. We're decentralized so we can avoid legal regulations and responsibilities. When you lose all your savings, you'll have no way of getting it back"
"I don't catch your drift"
"Well, we built scientifically the most energy intensive mechanism that just simply store the data of who owns the fake digital money. This way, we get to destroy the environment as well! We sure pushed the boundaries of what is possible."
"That sounds terrible"
"Yes, but we named it after cute animals"
"Like what?"
"Doge"
"Sold! Here take all my money!"
Fun Fact: Bitcoin was created under a pseudonym by an anonymous person/persons of "Unknown" origins. 😱