Exposes the machine behind the crypto explosion. Search for the word KRAKEN, it will take on a whole new meaning. - The Great Awakening

Exposes the machine behind the crypto explosion. Search for the word KRAKEN, it will take on a whole new meaning. (crypto-anonymous-2021.medium.com)

posted 3 years ago by Burto_87 3 years ago by Burto_87 +43 / -0

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– GoAskAlice 3 points 3 years ago +3 / -0

I searched the word 'KRAKEN' and got this...

Welcome to Kraken.

We put the power in your hands to buy, sell and trade digital currency.

https://www.kraken.com/

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– Burto_87 [S] 1 point 3 years ago +1 / -0

Look up KRAKEN in the article. See what they are doing with tether and see how it ties to Bitcoin.

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– deleted 2 points 3 years ago +2 / -0

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– LoriInNC 2 points 3 years ago +2 / -0

Thank you for sharing this. It is a good read. If you own crypto or are considering buying it, please see this article!

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– HonestBobbin 1 point 3 years ago +1 / -0

Thank you!

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– redtoe-skipper 1 point 3 years ago +1 / -0

Interesting article. Recommended to read carefully and recognize what currency is.

A. USD = currency, but has a couple of use cases. B. Crypto = depends.

B.1. Stable coin: depending on the underlying asset. If currency is the underlying asset, it is NOT a stable coin, merely a substitute for the currency or rather a contemporaneous coin equal to regional money.

B.2.Stable coin II: If the underlying asset is 100% reserve in terms of Gold/ Silver/ other PM, that is a stable coin. See Perth Mint stable coin.

B.3. Other alt coins: depends on traffic of the platform.

C. Exchanges. Are they banked or not. If banked, with what? See B.

Choose wisely.

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