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The earn interest on your #bitcoin was a big pull last bull run and we saw many companies offer interest on bitcoin deposits that ended up dead in the water, Celsius, BlockFi, Voyager and more. Gemini also had an earn product that they offered through a third party and handed over customer funds. They have not paid back customers and are still trying to get Genesis Global, to pay back the money. Gemini is suing them for over 60 million shares of the Grayscale Bitcoin Trust (GBTC) that were pledged as collateral. If you think self custody is messy, wait till you see how messy bankruptsy is https://www.coindesk.com/business/2023/10/27/gemini-sues-bankrupt-lender-genesis-its-former-partner-over-16b-worth-of-gbtc/
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Replying to npub1y6r0se3
And what plan is that? Taxing inheritance even harder so millennials that did get something from previous generations get a lot less
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Millennials and gen Z were left to hold the bag created by ZIRP and now many of them have no hope, some might be lucky enough to get jobs in industries that pay competitive wages, others might inherit assets or a business, but those working a job, trying to save and do what previous generations did are NGMI Something has to change, but this system won't so find a system that will work for you, one that rewards you for saving https://www.zerohedge.com/markets/broke-millennials-wait-boomer-parents-die-next-great-wealth-transfer
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Zapple launches AutoZaps which uses Nostr Wallet Connect (NWC) to ping your wallet with a Zap request on a regular, predetermined interval, creating an easy way to subscribe to your favorite Bitcoin projects, content creators, and builders and ping them sats https://www.zapplepay.com/autozap/
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Bitcoin seems to be getting some love, I wonder if it's because of shorts liquidated the last time or people are taking note or placing a speculative bet on future ETF news. While the ETF news was proven to be fake, maybe this is a what if it is true, FOMO While #Bitcoin has played with 30k many times, this isn't the same 30k, the first time it broke this range was December 2021 and with 2 years of inflation that same 30k is around 34k, so are we really moving up or just moving sideways? https://blockworks.co/news/bitcoins-above-30k-sentiment
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This is why any social media rewards system that isn't using native Bitcoin is merely a rug pull in the marking. #Reddit is just another example, thinking that because they're an established website they won't leave you as the bag holders. The service announced the winddown of its blockchain-based community points program and insiders like the mods dumped on the news and left anyone who had buy orders with useless tokens and any holders as well Sorry but I'll stick to #nostr and Bitcoin, thank you very much https://cointelegraph.com/news/reddit-mods-dumped-tokens-hours-before-blockchain-program-termination
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Replying to npub1r0rs5q2
That's my view on it, leave no coin untouched, except satoshis stash, lol if you've burned your keys you get to stay "clean". Mining pools should be payjoining/coinjoining when they distribute funds to miners, okay maybe the KYC pools won't because they will bow to the shareholders and governments but others should have no issue with it I really like the idea of Statechain swaps with an LN channel attached to it, that would seriously F up tracking too lol Once everyone is a criminal then there is no issue with fungibility either, only a bunch of pyschos who have mined virgin Bitcoin and want to sell it to institutes and governments who now can only sell it to other regulated entities, good luck managing that shitshow
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FinCEN claims that because North Korea and terror groups using #Bitcoin mean we shouldn't be coinjoining, but over a long enough time period all Bitcoin becomes tainted. The more we transact, the more we coinjoin the more the UTXO set gives chain analysis a headache to try and pick and choose which coins are good or bad Make payjoin the standard, use joinmarket, make statechain mixing the norm. Keep giving them pain https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency
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