JUST IN: 🇺🇸 Treasury Secretary Bessent says if the debt limit is not resolved, it could trigger biggest financial crisis since 2008 -#backcom #exness #Binace
This week is still okay, brothers. Next is the new weekly trading cycle. Brothers can copy and create a copy account.
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🔥 GROWTH: California State Board member Phillip Chen is drafting legislation to support Bitcoin, collaborating with Proof of Workforce to explore the role of Bitcoin in the state's future. #Backom.Trading
🚨NEW: Vitalik focuses on decentralizing Ethereum, protecting user rights, and improving tech expertise while rejecting any push for centralization or ideological shifts. #backcomtrading
"Gensler, who is very true to his brand - completely disregards the 2024 election and the American public - is fully committed to pushing his failed regulatory agenda to the end."
🌱 “It’s terrible for the environment!” This has been a criticism of Bitcoin for years now. Bitcoin’s proof-of-work consensus requires a lot of energy, and in the past, much of that has been generated by dirty fossil fuels.
Not any more. In fact, Bitcoin is one of the cleanest industries on the planet thanks to miners’ preference for renewable energy sources. Moreover, it’s playing a key role in helping stabilize energy grids.
If you’re looking for more information on this, Daniel Batten has some fascinating research and is doing some great work educating journalists and mainstream media. It’s well worth a look to arm yourself with some counter-arguments to this common bit of misinformation.
🔎 If the meme coin market still tempts you, always DYOR. Research saves you from losses and the hype-induced illusions. A key metric is the share of holders with over $100 invested. The higher it is, the stronger and more stable the community.
Meme coins are alluring, but success favors those who think smart, assess risks, and trust facts—not emotions.
💸 Bitcoin just keeps surprising people. It has been declared dead by mainstream media and “experts” hundreds of times. And yet it’s still here and thriving.
Check out some of these expert opinions from the last few years. They’re pretty funny with hindsight. Professionals at the top of their careers have just got it completely wrong.
It’s all a good reminder to pay attention to the signal, not the noise. This technology is transformational and incredible. It can be easy to get distracted by loud voices saying otherwise.
👾 Web3 games are great, but I don't expect "full" Web3 games to take off (yet). The real innovation is traditional Web2 games with Web3 mechanics.
Games are not like transferring cryptocurrency or DeFi platforms. They don't have to exist entirely on-chain for the sake of trustlessness and transparency. It could be said that initial Web3 games have made things harder for themselves by trying to do too much on the blockchain.
The new generation of "Web3-supported" games uses NFTs and blockchain tokens to represent important things, like characters, items, and currency, but does not necessarily have to find ways to create complex tokenomic models. This serves real needs without imposing too many learning curves on gamers.