1/ ETH reached 18-month low today and there is this narrative that the price of is dropping because ICOs are liquidating their treasuries. Well, it’s completely wrong. Let’s look at the data!

https://t.co/yG0vecC7VT

With Bitcoin's rising price I get many people asking me my opinion about it: Here are nine tips

1) Don't take advice about Bitcoin from those with a vested interest in seeing its price rise. That's like listening to CDO dealer in 2006. When prices go up, critical thought go down

2) Bitcoin is fascinating from a tech perspective, but don't fall for the rhetoric of monetary revolution. I was among the early users of Bitcoin & actually tried to use it as 'money', but it's not a monetary system. It's a system of cyber-collectibles, priced in dollars

3) By all means pass your money to a seller of these collectibles, but don't do so under the illusion that you're engaging in rebellion, or that you're doing prudent investment. You're doing what you're doing, which is buying a collectible from someone who is taking your money

4) Unlike many other collectibles, Bitcoin has no actual features, other than the fact that it can be moved around. It has a highly innovative issuance & movement mechanism, but that's somewhat meaningless if the thing being issued and moved is featureless

5) In fact, its only feature is its logo and the language that surrounds it. Without that the tokens are basically just blank digital objects, the digital equivalent of passing around fragments of limited edition clear glass beads

[BIG THREAD] BitChute is a video-sharing site growing in size after an exodus of upset conservatives from YouTube. Like similar “anti-censorship” platforms, it also is riddled with a disturbing amount of hateful content and blatant disinformation.

Around the time of the Capitol riot, interest in BitChute skyrocketed. It continued to rise as Donald Trump’s channel had videos removed, was suspended, and then finally banned. Although he has yet to arrive on BitChute himself, his followers have moved on from YouTube.

BitChute founder Ray Vahey has called the platform “pro-free expression”, accusing sites that censor their content as building echo chambers that serve only to exacerbate problems. What he fails to recognize is that his own creation has become one itself.

wo massive trends on BitChute are anti-Covid vaccine and pro-Nazi/anti-Semitic propaganda. Both break the site’s Community Guidelines. Below are examples of easily accessible and highly-viewed videos. Bear in mind the medical advice is harmful and the Nazi content is disturbing.

First, the anti-vax disinformation. “Timmy Learns About COVID Vaccines”. Safety precautions are called “enslavement” and “extortion”. Over 5k views.

The CBN's official reason for its recent cryptocurrency restriction is that cryptocurrencies are anonymous and used for money laundering, terrorism financing, and tax evasion. Let’s dig into what the facts say.

A THREAD #Nigeria #Bitcoin

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We’ll break up the allegation into two. First up, “cryptocurrency is used for money laundering.”
Cryptocurrencies have been used for illicit activities but so too have official currencies. So the CBN's argument must be that cryptocurrencies make the situation worse.

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But as things stand, significantly more illicit activities are conducted with regular money than with cryptocurrencies. According to the UN, between $800 billion and $2 trillion is laundered globally every year, mostly in cash.

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Meanwhile, the entire global value of cryptocurrencies is currently $1.4 trillion. Chainanalysis, the leading crypto-analysis company helping governments track criminals, estimated that 1.1% of all cryptocurrency transactions are illicit.

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So, if the government is trying to clamp down on money laundering and terrorism financing, they are better off spending their energy on their naira accounts.

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