⚠️🚨 Controversial opinion: 99% of "Ethereum killers" don't do anything new or innovative and are just gas fee band-aids.

Am I wrong? 🤔

With so many awful coins like $USDD getting "audited," does anyone actually value or trust audits or even the attestations they put out? 🧐🤔

A lot is riding on the monthly close price for Bitcoin 👀

With so many hacks, bankruptcies, and now supposed crypto liquidity issues on exchanges, you should never leave your crypto on exchanges or any platforms other than your own wallet. Let’s talk about Celsius & Solend.

I'm down from 395k in July 2021 to now 155k (-61%).

I feel worse for people who thought leaving their crypto on exchanges/lending platforms was safe. Celsius is just the first to go and Binance held up Bitcoin withdrawals for a few hours. Only holding in your own wallet is safe.

The question we aim to answer today is how safe & stable are ? Let’s dive into some failed examples of algorithmic stablecoins like $UST, Basis Cash, and $IRON and some new ones like $USDD from $Tron.

The starting point of 99% of scams.

Me: Nothing is infallible or above questioning.
Scam: We are.
Me: You cannot guarantee profit.
Scam: We do.
Me: There is usually another scam coming.
Scam: Okay that didn't work, but the next one will.
Me: 🧐🤔🙄

I hate Justin Sun's leadership, but I like $TRX's stability and consistency. It's super centralized and the APR is low, but I got to admit, it's enticing to just park my passive income crypto in .

My main concern is $USDD which could hurt it with a depeg. Thoughts? 🤔👀

I've always said scammers and people who produce failed projects always move on to the next one pretty quickly. It's VERY common in the crypto industry for anything I've called out in the past that has failed brutally. Look no further than Basis protocol -> $CLOUT -> $DESO.

So Terra launching a new LUNA and calling the original Luna Classic is kind of laughable. 😂

You want to take full advantage of the social platforms out there that use blockchain technology or have crypto monetization. Here are the 13 platforms I used to earn $628.87 CAD worth of fiat & crypto in April.

Jumping back into doing interviews etc. again. Feel free to hit me up if you're interested in talking , , or anything related to !

Message me here, telegram, or scottcbusiness@protonmail.com
Telegram: @scottcbusiness

Time for another update on my investment portfolio and my passive income journey. In this episode, I cover my regular monthly update sharing what I invest in and why. This is amateur investing at its finest!

I'd rather be led by someone who is rude but good rather than someone who is nice but evil. 1000%.

I've always found that listening to Alan Watts' lectures where he describes reality and the human experience is extremely enlightening and meditative.

I highly recommend it, especially during these rough times. 💡🙏

The questions we aim to answer in this series on are how safe and how stable are stablecoins? Let's take a look at several examples of fiat-backed collateralized stablecoins like $USDT, $TUSD, $BUSD, $USDC, and more.

Another algorithmic stablecoin called $DEI loses its peg.

While you can't really trust the attestations or centralization of fiat-backed stablecoins, seemingly almost every algorithmic stablecoin has failed. 🧐

Dropping a stablecoin video today!

Everyone who said "I'll buy [insert crypto here] when it goes down," this is your time!

Don't come to me later and say "ah it's too expensive now, I just didn't want to buy it when it was crashing."

Otherwise, you'll probably never buy. 🤔💡🙃

Lists/reviews of decentralized social platforms are usually skewed/biased.

sourceforge.net/software/decen is a perfect example. It's based on user reviews and it's mostly bots.

There are no good standardized rankings for decentralized social. I'll just leave this here though 👀

Against my better judgement, I took $30 UST I got for free that I had in an airdrop only wallet for LOOPR and swapped it for Luna at the very bottom of its crash. It has since 5xed so far. This is complete degeneracy and should not be rewarded, but let's see how it goes! 😬

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