Bet against US economy? π° π€
Bitcoin to hit $1 Million in 90 days, that's the bet. Will hyperinflation be the reality we all will have to face? Where is crypto at? Bitcoin $27K+, Ethereum $1.7K+. Elon Musk in on π₯ on Twitter.
Hello y'all. This is The Token Dispatch. Today we dispatch, like everyday, reminding ourselves that nobody does it better than Trump.
Tomorrow we β¦.
We will. You folks, time you showed us some love on telegram, eh? π€
What happens when you float an open challenge in the Twitterverse, a lot.
James: I'll bet anyone $1 million dollars that the US does not enter hyperinflation.
Balaji: I will take that bet.
For reals.
Someone deployed a smart contract . Thank you Anish.
Someone else explained the cross bet. Thank you Adam.
The old punter, wants young guns to go short. Thank you Peter.
What are we on about? Mr James and Mr Balaji have a bet.
What is hyperinflation?
What happens if this comes true? Disaster. Jimmy Song explains.
Who are these people?
Balaji Srinivasan is an angel investor, tech founder, bestselling author - The Network State. Former CTO of Coinbase and a general partner at Andreessen Horowitz (A16z).
James Medlock. Who? Pseudonymous Twitter pundit.
Stinker: The bet is betting against the US economy. Absurd as it might be, don't even think about it. It will be a disaster. We believe in crypto. We believe in blockchain. We believe in all the good it can do. We believe the change it can bring. Not at the cost of a financial disaster. It will do no good to anyone. If anything, this is a great endorsement for i-will-show-you-how-to-make-a-point. Speculation. Buzz. Attention. Chaos. Lots of memes.
We like the last bit. Thank you.
Hey Papa Musk, what do you think?
How did we get here? π
Why not sponsor us, eh?
Where are the banks at?
We don't quite know. Here is what we know.
UBS to acquire Credit Suisse for $3+ Billion all stock deal.
Global central banks to open swap lines to stem US dollar liquidity concerns. Swap lines are an agreement between central banks to exchange currencies. Helps central bank in obtaining foreign currency from the central bank that issues it, and in turn, distribute it to commercial banks in their country.
Operation save them banks is on. You can keep a tracker on this - the banking crisis timeline.
TTD Think about it π§
As we drive through the maze of chaos that we find ourselves in, irrespective of which side we choose to stand by β¦ it's a mess. Thatβs the cold truth.
How did we get here?
The venture capitalists dilemma, writes Molly White.
We have found ourselves in a scenario where the investor class has, yet again, managed to privatise profits and socialise losses.
We are overdue as a society for seriously questioning what has become, but what has not always been, the dominant model of βinnovationβ. Recent weeks have drawn a bold underline beneath what has been clear to many for a long time: that those controlling massive amounts of capital and power in our society are not the smartest, or most level-headed, or most altruistic among us. Venture capital may be the best way to serve the interests of capital, but we need to consider alternative models that prioritise the interests of people.
Engineer. Researcher. Writer. She runs crypto's self-assessment mirror at Web3IsGoingGreat. This crypto crypto critic we like.
While you are at it, also read - The incredible tantrum venture capitalists threw over Silicon Valley Bank. Edward Ongweso Jr. is a journalist based in New York City.
TTD Is that so? π€
TTD Surfer π
Harvest Keeper, drains $1M from users. Project claimed to be βAI-poweredβ for optimising trading processes, and a 101% return on investment within 21 days.
Employees behind the decentralised finance dashboard DefiLlama, are split on the future of the leading llama-based crypto brand.
Thousands of people are believed to have lost their savings after investing in a cryptocurrency trading app called iEarn Bot.
If you like us, if you don't like us .. either ways do tell usβοΈ
If you dig what we do, show us some love on Twitter & Instagramπ€
So long. OKAY? β
i am not sure what we will end up achieveing from this? this is capitalism on steroids, wanting to self destruct. where are them communists when we need them.
Nice summary!