For us, who were socialized with TradFi, Contagion happens in this sector as if in time-lapse. No firewalls from central banks, no bail-outs.... only bail-ins that destroy livelihoods en masse. I was never involved in this shitcoin casino, but had hoped since the Celsius bankruptcy that the market could consolidate so as not to jeopardize the adaptation of Bitcoin. But the Grayscale rumors have made it clear to me: everything that is rotten must and will burn down, for the long-term health and sustainable growth of a Bitcoin economy! For us plebs, in the face of growing chaos everywhere, it's more true than ever: use Your goddamn cold wallet to defend Yourself!
It's actual capitalism, not this crony socialist system we've come to see as capitalism in the west. The corrupt and weak are allowed to die, and the strong survive and thrive.
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Thanks for reminding me (as native german) of the fabulous word ''crony socialism'' - I think we Europeans are really missing a good translation as we're completely sucked into the Davos-Commie-Matrix! Greets from Málaga where there's another cool ATM without KYC.
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I'm from New York, but I once visited Malaga on vacation many years ago. I drove all over the Costa del Sol. You live in a beautiful place.
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Thats for sure! How is anything going in NY? Hope things getting better for You guys
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I call it living in the belly of the beast. New York is probably more socialist than Spain!
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Well.... no lo sé... we really reached a high level of state interventionism and media propaganda that obviously leads to socialist chaos. I visited NY 3 times in my live, the first time in 1989 and we went to the tennis masters in MSH - what a rhythm NY had during those days. Madre mía
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I was born in New York City and have lived here most of my life. The late 1980's were a good time to visit. Covid really destroyed NYC. I live in a suburb now. Once vaccine passports were required to eat in restaurants, Broadway shows, etc., I vowed I would never spend a dime in that city again. So far I have kept my vow, except for some tolls while driving through!
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O my god. I went to Crete 2 years ago for 6 months to hide from this BS but they trapped me when I retourned via germany to spain. Its a shitshow. But we are going to win - I believe in the power of evolution that could materialize one day on society level again... I send You muchos saludos y fuerza!