New FDIC Acting Chair Says Evaluation of Crypto Risks Is a Top Priority for 2022

Started by OZER, Feb 07, 2022, 06:11 PM

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The hyperinflation created by the FED is maximizing employment, because working people can't afford to retire now and retirees are having to go back to work in order to survive.





Well sounds like most of them have no clue what they are talking about.

gamestop wasn't a bubble, if it was a bubble, it wouldn't stabilize at still 1000% over what it was originally at after one year

Ok, the dude talking about hamster coin hasnt got the slightest clue as to whats happening here. Eth replacing Bitcoin is like saying that a car could replace a washing machine.  And then he goes on to complain about coorperations, banks, and wall street making money off of this, of course he is right, they are and will continue to just like they did with everything else. Of course he does not mention the many lives that were changed for the better due to the tech, many of which had next to nothing before they found crypto, and the many that will be change simply because of the access they will gain to the global financial system of the future. There will always be those who seek to capitalize on anything they can.  And then he complains about fees, yea coinbase might be a bit expensive, but the crypto exchanges are just a small part of the over all industry, and I don't think he has the slightest clue as to what this industry is. The exchange is simply an on ramp, once you are on, and move off exchange, there are no more third parties to deal with. The fees you pay on the blockchains go to the ones who support the networks, which is a widely diversified population as opposed to a few CEOs or bankers or wall street elites. This industry provides opportunity for anyone and everyone who decides to come in.  And no, it will not ruin the dollar, there are many reasons why this tech could help boost the dollar in the years to come. If the dollar fails, the most likely reason for this will be the goverment itself. The United States needs to get ahead and stay ahead in the crypto industry if it is going to keep its place, its monetary dominance in the world.




Yes. You can put "an entire law library into a chip of big data."   How is this person  allowed to speak into a camera or talk on any subject.

Tesla is not in a bubble if you know the company deeply (30.5% gross margin is unheard of in auto industry).  was wrong and said overvalued when it was $17 and now in $1050.