How The Eurodollar System Shows This Is Not The End of Crypto

in LeoFinance2 years ago

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Many especially Dr Doom are out there touting the idea that this is the end of cryptocurrency.

In this video I discuss how I tried to let everyone know what the crypto system is paralleling and how it cannot be taken down by a single failure.


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Btw, EZB has the possibility to block transactions. They've done that to some of my business partners due to USD/EURO transactions outside to inside the EU Zone. It can be the same Bank to the same Bank, they don't care - money laundry laws. You can prevent delay by telling them upfront, a couple of days is usually enough, and the transactions will flow smoothly and easily.

That isnt Eurodollar system. THat is overnight lending using assets that are, more often than not, off balance sheet.

It has nothing to do with currency or accounts for commercial users.

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i also think, that in the next future we get better days.
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We're all doomed!
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Proof me wrrrong.

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Crypto will suffer in the short to medium term but I do believe it will still be alive. Just think of it as cutting off some fat for now because of all the bloat we got over time. I just remember all the scams and pump/dumps in crypto that everyone keeps talking about.

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