Dubai: Crypto & Coffee at 8: 13th July 🥶Crypto winter in summer🥵 Event on Political, Economical, Social, Technological, Legal Environmental, Religious analysis on Bitcoin by Blockchain DXB
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13th July 🥶Crypto winter in summer🥵

In 2020 are stablecoins a safe haven for crypto winter? Not really! The 24-hour trading volume of stablecoins has been on a steady decline since the last month & still accounts for over 91% of total crypto market volume. Check slide No2 below for a detailed breakdown of this.

💡 Satoshi Nakamoto’s message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” a hint to the original article by The Times here https://bit.ly/3PoaaHI the article talks about how Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens.

❗Fast forward to 2022 Crypto Multi Billionaires doing the very same thing?

• Justin Sun, of BitTorrent, Inc. & Tron DAO is willing to spend $5 billion on helping the industry builders to continue building. More info here via DailyCoin here https://bit.ly/3aupuUI

• Multi Billionaire & FTX CEO Sam Bankman-Fried has bailed out & in the process of bailing out a few companies such as BlockFi and Voyager. An interesting article https://reut.rs/3avIyBK.

• Multibillionaire Changpeng Zhao, CEO of Binance has a different view on Bailouts though. He did criticize Alameda Research approach. An interesting podcast with Decrypt podcast gm from Decrypt (the episode is not published yet?) More info can be found here https://bit.ly/3RtwHVy

❓ Question: When it comes to money whom do we trust?

• Billionaires
• Early Adopters, Crypto Billionaires, Celebrities
• Government
• Hashing Algorithm, Mathematics, Cryptography (Bitcoin)

👀 Bitcoin may not offer a safe haven as it was initially intended to! Game theory, Human Greed & the nature of Demand vs Supply (ie Limited & fixed) is a problem that we may never be able to solve?

🔴 While Bitcoin & cryptocurrencies have not offered a safe haven in the Bidenflation era The U.S. Office of Financial Research an arm of the U.S. Department of the Treasury strongly feels a digital dollar could be good for financial stability. A working paper called Central Bank Digital Currency: Stability and Information was published yesterday. Article here https://bit.ly/3PjPaTb

🚨But could they provide a safe haven? And at what cost? Blockchain DXB had an event CBDC, THe Basics, Threat to Freedom & its role in the Metaverse last week. The slides & information can be found here https://bit.ly/3QgMGFO

🚫 While “fake crypto” such as CBDC does bank the unbanked there are more risks than advantages. Two developments to look out for in the world of CBDC

• CBDC will introduce Zero-knowledge proof
• Burning to reduce the Supply of CBDC to better manage Inflation

UAE news (Check slides for more info)

• Startup to develop Middle East real estate projects, commodity trading with blockchain and Web3 technology
• PESTLER analysis on Bitcoin on the 15th of July (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB

For slides click here: https://bit.ly/3uJaFo4

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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