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3 Ways Staking Will Upend the Economics of Ethereum
https://www.coindesk.com/3-ways-staking-will-upend-the-economics-of-ethereum

What is Staking? Ethereum’s Replacement for Mining

What is Staking? Ethereum’s Replacement for Mining

CHINA’S ‘DCEP’ CRYPTOCURRENCY WILL BE GOLD-BACKED

China’s ‘DCEP’ Cryptocurrency Will be Gold-Backed: Max Keiser

Max Keiser: China secretly hoarding gold and will unleash crypto backed by metal and destroy USD

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34 COMMENTS

  1. Thus the new that China Government is staking btc because they believe it will become reserve currency is just bulls*it. They do not care of btc because their crypto will be backed by gold and become the standard coin for a big share of the world.

  2. China's gold back crypto is only worth as much as you trust the Chinese and the gold they posses. I don't like stable coins in general, there value is based on Fiat or commodities not on there own Merritt's.

  3. Sounds like selling of more dreams for bitcoinists, who supposedly will be able to exchange Bitcoin to millions of dollars. What benefit would China get from destroying dollar and euro along with it? It would loose all buyers from US and EU because of diminished buying power for some time.

  4. Max knows a lot. His energy was full on alarm bells. Maybe John McAfee and Max should do a Vlog together. Now wouldn't that be an interesting show?
    I believe the transition is inevitable and it will come quickly. Save your fiat and buy precious metals, and crypto folks.

  5. It's hard to not think in terms of dollars. Max made a good point regarding value of gold and bitcoin going to infinity….in USD since dollars will soon be worthless. Exciting times…if you're prepared.

  6. what nonsense, its nothing different then any other market. Rich people can and will ALWAYS manipulate markets, that is what is the market….. This information is completely useless

  7. Surprises me how many people are chirping eth, it's the largest development community in smart contracts right now, switching to pos is amazing! Also keep in mind vitalik has also kept a long term goal in mind, he was COMPLAINING during the 2017 bull market because we have not achieved any of the bigger vision. He never fuds, always is thinking longterm, has the biggest developer pool, is most decentralized of smart contract platforms, and now is moving towards pos… I'm so exited for the next 5 years of eth!

  8. The only thing Max didn't mention is the dollar is backed by something stronger than gold, it's the US military!? And I think the US federal reserve is doing a great job of putting out the dumpster fire with paper.?

  9. Re Chinese cryptocoin backed by gold, I suppose a base conversion, such as one grain of gold equals one "crypto Yuan." (Or perhaps one-tenth of a grain.) Assuming that Max K isn't a front for a whale(s), his prophecy probably relates to intergovernment financial dealings. That is, the Chinese government sees the possibility of making its new cryptocoin the new reserve coin of the world. The leadership of the West has had smart people running its money operations since Bretton Woods (monetized debt, fractional banking & derivatives) but they seem to have lost control of it – like the Sorcery's Apprentice. Another model for the system is inevitable. (Don't be surprised if the U.S. leaders have a Manhattan Project related to cryptos; they won't give up power and control without a fight. Whatever model they develop will be basically for them to retain power. It will never be for the people. Substitute "party leadership" for China, and you will probably be close.) Nice people anywhere in the world will, as is usual, not "be winners."

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