I'm not a huge fan of news (especially politics) but every once in a while I get an email in my inbox that starts like this:
Wall Street tumbles on political controversy
All three major indices registered significant losses as markets closed yesterday. The Nasdaq registered its worst day since the Brexit vote last June, the S&P 500 lost more than 1.8%, and Dow Jones lost more than 370 points. The drop is attributed to more details being uncovered regarding the investigation into alleged Russian interference in Trump’s presidential campaign.
I hate to tell you "I told you so" but I was one of the few believing that Trump's presidency will be worse than the Apprentice (which was mediocre, at best). It was just a question of time until some major blunders will roller coast into the markets.
But here comes the good news (from the same email):
Bitcoin and Ethereum climbing: Bitcoin crossed the $1,800 mark again this morning, while Ethereum passed $90.
In a strange turn of events, looks like there is something good even in the worst blunders. If this stupid politics game will contribute somehow to a faster collapse of the traditional banking, then, in all honesty, I'll buy Trump a beer.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
It's rather easy for one to see where this is going. This is also why I believe we are not in a crypto bubble. Even if one wishes to pull out their money, where would they put them safely.
I believe the next crisis, whenever is coming is going to have the same effects in the economy as with what happened in Cyprus a few years back. Saving accounts will suffer a "haircut". That't right. Any individual with more than 100K in their account will see their money vanish.
Most people are not aware of this.
https://en.wikipedia.org/wiki/2012%E2%80%9313_Cypriot_financial_crisis
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Totally agree with this. I already see strong signs of banks strengthening control even if you're not moving your money away from them. Life will get very interesting, very soon.
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Heck yes to these new Finance techs. Pla Pla
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Go go Crypto, down with the Banksters!!!!
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1.8%? That happens twice a month.
Until my local newspaper changed the layout (and some things) to worse 2 weeks back, they had quite a funny stock exchange report. Where the DAX (German Index) roamed freely on one day, covered in fear the next, was going decisive the third, sometimes imitating a strange creature.
Now someone else writes it and its soooo boring.
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Funny how the deepstate pedos find a way to blame Trump for EVERYTHING including their Ponzi scheme ready to burst bubble. SMH- pathetic and desperate and soon to be revealed for the monsters they are.
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I don't know who you're talking about, but I don't blame Trump for EVERYTHING. I don't blame it for anything, to be honest, I'm just recording the correlation between cause and effect.
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i believe he's talking about the powers that be. All these troubles coming our way were years/decades in the making. Crypto's are gonna go to the moon :D
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the banksters froze me out of THEIR market.
can't say I have any sympathy for them
what about this
for steemers?
you're a dev? at least you know some who are?
you might consider passing my idea on to them if you do.
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A shop in which you could pay with Steem would be nice. I think there was already a project in this area and there might be projects about plugins for popular platforms like WooCommerce.
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competetion maybe?
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They could probably make that work. Create an app where you swipe your phone over the scanner at a store and it auto deducts from your Steemit.
You could probably use the same technique for any crypto.
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