Efficient payment system, algorithmic, decentralized future governance token and smart protocols. These are big words, academic based terminology for technological developments ahead of their times. Big words, awesome ideas for the future promising us better times. All you need to build this future is to invest in it. I should use a keyword for this article and it is crypto apocalypse. A time when promises made by educated rocket scientists turn out to be garbage. And in this crypto apocalypse, the above mentioned technological terms lose their value like LUNA did. Stablecoins are edgy and unstable, decentralized cryptocurrencies are centralized and big exchange platforms own your assets. More importantly, Michael Saylor who is officially convicted of fraud is telling everyone to just buy Bitcoin. So, while the hell fire is raining down upon our portfolio, let’s just talk the crypto apocalypse.
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Algorithmic Stablecoin (Sigh)
You can’t beat science. Science says we could create an algorithm to take advantage of arbitrage in order to peg the value of a coin to the US dollar. It’s all there on the whitepaper which is airtight and legit. After all, liquidity off-chain stablecoins are for the weak because they lie about their reserve. Be that as it may, the algorithmic stablecoin is the smart solution to move away from primitive technologies.
Speaking of science, there are now scientists in charge of finance. Coming up with bright ideas like Terra USD (UST) and exchange platforms like Coinbase and crypto.com. They have revolutionary plans for everything and no time for improvements. Everything has to be revolutionary and quick. Because, the modern day investor is desperate to prove their boomer parents that the time for labor is over. Therefore, they jump onboard any train of headed to the promised land. Trains designed by scientists (eye roll) and Harvard graduates. And at times, they might jump onboard a greyhound bus headed to North Korea.
Why? Because Jordan Belfort told them on Twitter that BTC will hit $100k sometime soon.
Crypto Apocalypse
May 2022 will probably go down in history as crypto’s first Lehman moment. A week of bear claws and carnage while billions of dollars vanished like marvel’s people after Thanos snapped. It’s basically like the bear attack scene from the movie revenant when DiCaprio got a vibe check from a mama bear. Or, the opening scene from Saving Private Ryan where the fraudsters shot down amateur investors with their reality check.
The crypto apocalypse was a real one. A glimpse into just how much nonsense can hide behind technical jargon. Do Kwon may have lost this round, but years later he will appear on the Joe Rogan Experience and Martin Scorsese will make a cool movie about him. Billions lost in three days, but Do Kwon will come back on Twitter telling the poor folk to invest or die broke.
HiExchange
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To learn how to exchange your cryptocurrencies to PayPal you can read our instructional article.
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