Daily Crypto Markets Live Blog: BIS Releases Its Critique Of Cryptocurrency (06/21/22)

6d
LeoFinance
1 Min Read
153 words

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Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.

It is a great way to stimulate engagement.

We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.

We are open 24/7/365.

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REMINDER!!!

Get all those #CANDIES. It is high time to go into filling the jar overdrive.

Get all you can.

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Thank you. Got 50. It sounds like something good is coming :)

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We're going together :) I also collected 50 today!

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Yay! Congrats! Nice to climb up the candie mountain with a great company :)

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Hahaha! I'm on my way to be a great company :) let's fill the jars a little more.

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That's fantastic so keep going for it :)

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I collected my candies before going to bed today. I got 50 candies

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Where can I get those candies?

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You need to create an account at Coingecko and start claiming the candies :)

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Wow.. thank you for your info. Will check it out

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You are very welcome and enjoy your #candie journey :)

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You became a candy master :)

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Thanks I guess, lol!

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Candy master explained :)

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Just collected 50 Candies 🥳🥳🤩

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Missed my candies so much, it's time to start afresh from 10.

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$HIVE over 40 cents. Seems like there is a bit of a push.

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Hive is holding up strongly, the present market price still surprising me

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Not sure if there is much to make of it but we will have to see. It is positive that it is holding up some.

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It's getting pushed. Hope it won't shoot up so soon :)

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HIVE looks pretty strong. HIVE could take flight once the crypto markets start to recover.

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If BTC calms down, Hive maximizes its opportunity for a spike. Considering BTC at 21k, Hive over 40 cents is not that bad. It seems like Hive will preserve the 30 cents level in this bear run. Let's see.

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It is holding up well to this point. Will it hold the 30 cent level? We will have to see how long the bear goes on for.

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Of course, time will tell. But I hope it holds the . 3 level.

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Two weeks more and we will see more clearly the direction of $HIVE's price.

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That'll be next month. Let's wait and see how July crypto will be.

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Yeah, I am using a weekly chart as my basis.

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I love Hester Pierce. She has such a good head on her shoulders. Too bad there arent a dozen like her in Washington.

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Wish there are more like her. She sees something that others don't or refuse to see.

crypto “does not have a bailout mechanism” and that this absence is “one of the strengths of that marketplace,” implying the crypto market has some ability to self-regulate. She concluded: “We really need to let these things play out.”

I like her a lot! She understands crypto :)

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Agreed. She really does. It is interesting that there are calls for bailouts with crypto. Nothing here amounts to much money on a global financial scale.

Tens of billions are nothing when talking about hundreds of trillions in assets out there.

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5d (edited)

Just glad that some like Hester think otherwise and are putting some sense out there.

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5d (edited)

Lack of crypto bailouts is a feature, not a bug, for cryptocurrency. This "lack of safety net" enforces responsibility among participants of all sorts. It's one reason DYOR is encouraged.

This isn't to say that it won't suck when a project we like goes under, but it ensures a level playing field for all participants-- or at least a more level playing field than what the alphabet soup of regulatory agencies offer for the markets they "regulate."

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That's right, one thing to remember before putting money into projects is that we are our own responsibility and we cannot cry out "foul" when things do not go as we expected them to be.

it ensures a level playing field for all participants-- or at least a more level playing field than what the alphabet soup of regulatory agencies offer for the markets they "regulate."

And that's what we like about crypto, a more level field where everyone can be play at their own pace without having to satisfy any "regulatory" requirements.

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We have BIS' view on cryptocurrency and, not surprisingly, it was not positive.

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What tribe tokens is everyone concentrating on?
I'm focusing on Leo, 1up, cine, and weed.

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LEO, DHEDGE, BRO, CARTEL, BXT and (for diesel pool purposes) PLN

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As far as income tokens go, I'm concentrating on bro, cartel, and bxt.

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European Central Bank (ECB) President Christine Lagarde said DeFi could be a real threat to financial stability.

DeFi May Pose "Real Threat" to Financial Stability, Says ECB's Christine Lagarde

She says this and similar statements almost every month.

What do you think about this?

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She's correct to see the threat coming from the current growth happening in DeFi and cryptocurrency. However, stopping such growth by way of regulation is a result that we have yet to see. If she is really for economic inclusivism as politicians want us to believe, she is supposed to embrace a technology that will destabilize an exclusivist financial system but will bring abundance for many in the long-term.

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I think they fear the growth of decentralized platforms. Because they won't be in control.

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Yeah, it's all about power and control. Good for us, but bad for them and that's why they see everything in reverse. The sad thing is people listen to them. I hope not for long.

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... DeFi could be a real threat to financial stability.

-- as if central banking itself isn't a threat to financial stability? ECB and BOJ are (or had been?) leading central banks when it comes to negative interest rates. The Fed is in a category by itself.

The world's leading central banks can bring about financial instability on their own; they don't need DeFi to help them out there, but they will use DeFi as a scapegoat for their own misdeeds.

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This is a pretty good explanation. I think also central finance is a threat to financial stability.

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5 years!!

HiveBuzz.

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Congrats! That's kind of a big deal!

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Thank you :))

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Wow, congrats for you more years to come.

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That's the plan!

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Congratulations @forexbrokr! This is a major milestone indeed. You joined an exclusive club, and you all earned it.

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I'm a sucker for punishment who just keeps showing up ;)

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Happy 5th! What a milestone that is! Congratulations and more blockchain years to celebrate

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Much appreciated :)

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Cheers :)

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Congratulations to you 🥳🥳💃🏻💃🏻 5 years!
Up to many many more years.

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Yiiew! ;)

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Congratulations this is really cool.

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Here's to the next 5!

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Happy Hive Birthday @forexbrokr
🎉🎈🎂🎉🎈

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Thanks mate, much appreciated :)

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You're welcome @forexbrokr

BTW, I noticed I miss your witness vote 😢
Do you mind casting one to me? It would be much appreciated!

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My votes are a bit all over the place because I feel that the old guard top 20 don't give LeoFinance the support that their contribution to Hive deserves.

As a current top 20 witness you're obviously a lot better informed than me, so I'm interested in your take on whether this pushback against Leo is actually there in reality?

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5d (edited)


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I came across this buzz by @agorise before coming here, but I thought it would be of interest to all the multimedia mavens who participate in DCMLB:


Hive-Tube v5.5

More details at the linked attached to the image.

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That is so nice, more options for streamers :) Thanks for taking it to our attention ;)

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You're welcome!

If you go to the link at the image, the news gets even better-- even consumers of multimedia content get rewarded. People who "like" or leave comments get rewarded. All bases are covered.

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Yes, I was just reading it and amazed at how well they thought about it. There are even features coming like monetizing live chats etc

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I wonder if Project Blank will work in a way similar to Hive-Tube v5.5....

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It would be interesting if it does :)

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Visa . . . has announced the launch of a series of crypto-enabled cards in partnership with several fintech startups in Latam. Source

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I only know EMO. First time to read an IMO.

Source

!gif lol

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The reversal appears too early. Two weeks more and we will see a clearer price direction. Source

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A new day, I'm already getting far lost.
Got to get my head back in the game.

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