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https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss how critics of “Bitcoin maximalism” are looking quite foolish now, after criticizing Bitcoiners for trying to steer people away from “crypto.” Anyone who got out of “crypto” before the recent FTX blow-up is feeling quite grateful at the moment.
Pushers of DeFi are also trying to spin the situation, to distract people away from how centralized and controlled the DeFi ecosystem still is.
I talk about the ongoing problems and sketchy past of Crypto.com, as well as the de-pegging of wrapped BTC and wrapped ETH on Solana.
Bitcoin maximalists have been proven right, and will continue to be proven right.
Bitcoin is the original decentralized finance (DeFi).
Not investment advice! Consult a financial advisor.
Those toxic Bitcoin maximalists:
https://www.coindesk.com/layer2/2022/10/11/the-rise-and-fall-of-bitcoin-maximalism/
Trying to warn people about BlockFi:
https://twitter.com/ob_hodl/status/1591741416551620609/photo/1
Crypto Casino Implodes (Is Your Money Gone?):
Crypto.com appears quite incompetent:
https://cryptonews.com/news/cryptocom-sends-400-million-worth-of-ethereum-wrong-address-binance-ceo-warns-users-stay-away.htm
It was supposed to be a move to a new cold storage address, but was sent to a whitelisted external exchange address. We worked with Gate team and the funds were subsequently returned to our cold storage. New process and features were implemented to prevent this from reoccurring.
— Kris | Crypto.com (@kris) November 13, 2022
Kris Marszalek has a questionable past:
Prior to launching crypto dot com, Kris Marszalek ran Ensogo, a voucher ponzi scheme.
Image below is from an Ensogo customer trying to get his money back.#CryptoCom #Ponzi pic.twitter.com/tfiYuZ8aaW
— Bitcoin vs. Gold (@VersusBtc) November 14, 2022
https://www.techinasia.com/ensogo-customers-merchants-feel-ripped-company-answers
Bankless guys trying to spin this disaster:
Why does an industry of trustless systems keep trusting in sociopathic scammers?
A fair question.
Every time we prioritize short term price over long term values it always catches up with us.
To go forward we must go back.
Back to decentralization.
— RYAN SΞAN ADAMS – rsa.eth ??? (@RyanSAdams) November 13, 2022
FTX failed because it was regulated by governments not by code.
DeFi didn’t fail because it was already regulated by code.
Code is regulation.
— RYAN SΞAN ADAMS – rsa.eth ??? (@RyanSAdams) November 13, 2022
DeFi does not have “decentralization roots”:
Alt people are like: "We need to go back to our decentralization roots!"
Uhh what decentralization roots? Your roots are people cloning the Bitcoin repo and premining 90% of total supply for insiders.
— magic internet moneyist (@notgrubles) November 13, 2022
Lots of pre-mines and pre-sales:
https://miro.medium.com/max/1400/1*TayypeN1nRVdmikXjuy4hA.png
Wrapped BTC and wrapped ETH on Solana depeg:
https://thedefiant.io/solana-btc-eth-depeg
https://www.coingecko.com/en/coins/wrapped-bitcoin-sollet
https://www.coingecko.com/en/coins/wrapped-bitcoin-sollet
Ethereum validators enforcing OFAC censorship:
https://www.mevwatch.info/
MakerDAO Votes to Custody .6 Billion in USDC With Coinbase:
https://decrypt.co/112808/makerdao-custody-usdc-coinbase
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#crypto
#defi
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