I would also like to know how much money has been funneled into FTX and other crypto's via the pandemic money printing scam buying zillions in vaccines etc etc. Just a look at all the major crypto values tell you none of this would not be possible without the many Trillion Dollar Bills being introduced worldwide.
Different stat. That's trading volume, not value. If we send $1 back and forth 1 trillion times, that's a trillion in volume, even tho it was just the same dollar sloshing around.
But yes, crypto prices do reflect inflation, they are marketed as inflation resistant assets for this reason.
"Serum is a pillar of Solana’s DeFi infrastructure: it's the trading ecosystem's primary central limit order book, a more efficient alternative to the "automated market maker" setup popular on DeFi exchanges. With help from big market makers such as Jump and Alameda, it has processed over $32 billion in volume this year, according to data site Nomics. But that activity has fallen off a cliff; it's seen just $3.5 million in trades in the last 24 hours, an 80% drop from the day before.
Last night’s apparent hack of FTX has shattered projects’ confidence in the original Serum, three people familiar with the matter told CoinDesk. There’s of course Serum’s not-so-secret ties to Bankman-Fried. But only his employees have the keys that control the protocol, two developers said.
“The hack shows that someone malevolent has access to private keys at FTX,” said the pseudonymous Rooter, a developer on the lending protocol Solend that gets token price data from Serum. He is one of three DeFi developers who said they fear Serum’s keys could be compromised, too.
“That would allow the hacker to rug the entire protocol. At this point things have gotten so crazy that anything is on the table,” he said."
The value of a pile of coins (or shares) is usually computed as top_price_for_one_coin * num_coins, because this is easy to compute, but its a bullshit statistic. If you start selling, the price goes down, its like an auction, sell to the highest bidder, then next highest, and so on.
So we you see market-caps or "Jeff Bezos is worth $100B" just remember, nominal asset prices don't mean you could actually sell it and get that much cash for it.
I would also like to know how much money has been funneled into FTX and other crypto's via the pandemic money printing scam buying zillions in vaccines etc etc. Just a look at all the major crypto values tell you none of this would not be possible without the many Trillion Dollar Bills being introduced worldwide.
https://www.zerohedge.com/crypto/binance-dominates-crypto-exchange-landscape
Binance has 4.6 trillion dollars ???? and that is one out of many many crypto funds.
Different stat. That's trading volume, not value. If we send $1 back and forth 1 trillion times, that's a trillion in volume, even tho it was just the same dollar sloshing around.
But yes, crypto prices do reflect inflation, they are marketed as inflation resistant assets for this reason.
Welcome to Magic
https://www.coindesk.com/business/2022/11/12/ftx-hack-spooks-solana-defi-community-igniting-revolution-at-alameda-controlled-serum-dex/
"Serum is a pillar of Solana’s DeFi infrastructure: it's the trading ecosystem's primary central limit order book, a more efficient alternative to the "automated market maker" setup popular on DeFi exchanges. With help from big market makers such as Jump and Alameda, it has processed over $32 billion in volume this year, according to data site Nomics. But that activity has fallen off a cliff; it's seen just $3.5 million in trades in the last 24 hours, an 80% drop from the day before.
Last night’s apparent hack of FTX has shattered projects’ confidence in the original Serum, three people familiar with the matter told CoinDesk. There’s of course Serum’s not-so-secret ties to Bankman-Fried. But only his employees have the keys that control the protocol, two developers said.
“The hack shows that someone malevolent has access to private keys at FTX,” said the pseudonymous Rooter, a developer on the lending protocol Solend that gets token price data from Serum. He is one of three DeFi developers who said they fear Serum’s keys could be compromised, too.
“That would allow the hacker to rug the entire protocol. At this point things have gotten so crazy that anything is on the table,” he said."
HAHAHAHA "hacker" AHAHAHA
https://www.projectserum.com/
Kinda like the election bullshit we see these days….more votes than voters! Fake ass #s coming at us from all directions.
Oops.
I'm no biologist but that doesn't compute.
The value of a pile of coins (or shares) is usually computed as top_price_for_one_coin * num_coins, because this is easy to compute, but its a bullshit statistic. If you start selling, the price goes down, its like an auction, sell to the highest bidder, then next highest, and so on.
So we you see market-caps or "Jeff Bezos is worth $100B" just remember, nominal asset prices don't mean you could actually sell it and get that much cash for it.