Archive for the ‘Fintech’ Category
Innovation in currency through financial technology is a bumpy ride for Bitcoin and Ethereum enthusiasts, but what of cross-border payments and blockchain insurance?
Charlie Munger: Crypto Gambling
on Friday, February 10, 2023Meaning of Charlie Munger Money Quote: saying Crypto is not a currency, it is a gambling contract with 100% favor for the house. Charlie Munger said:
“A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house” — Charlie Munger
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Sam Bankman-Fried: Hidden Funds
on Wednesday, December 14, 2022Meaning of Sam Bankman-Fried Money Quote: saying there is no hidden money or accounts after the FTX bankruptcy, all invested in in business. Sam Bankman-Fried said:
“No, I don’t have any hidden funds. Everything I have, I’m disclosing. I’m down to one working credit card left [and] I think $100,000 or something like that, in a bank account. Everything that I had, even all the loans I had, I was reinvesting in the businesses — I put everything I had into FTX” — Sam Bankman-Fried
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Sam Bankman-Fried: Crypto Mental
on Wednesday, December 14, 2022Meaning of Sam Bankman-Fried Money Quote: saying money and finance are abundant and crypto-currency is included. Sam Bankman-Fried said:
“I have an abundance mentality. I think most things in this world are not limited resources. Money is not. Business opportunities are not. And the crypto industry is not” — Sam Bankman-Fried
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Ted Cruz: China Banned Bitcoin
on Wednesday, March 23, 2022Ted Cruz Money Quote saying bitcoin has been banned in China because they want to control it and can’t. Ted Cruz said:
“China recently banned bitcoin, because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin. The Chinese communists and Elizabeth Warren, they both want to control you” — Ted Cruz
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Ben Bernanke: Secure Payments
on Monday, January 17, 2022Ben Bernanke Money Quote saying bitcoin may produce benefits for the financial system and purity of payments. Ben Bernanke said:
“[Cryptocurrency] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system” — Ben Bernanke
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Robert Kiyosaki: I Love Bitcoin
on Friday, January 14, 2022@theRealKiyosaki
Robert Kiyosaki Money Quote saying lack of trust in federal government financial agencies makes Bitcoin attractive. Robert Kiyosaki said:
“I love Bitcoin because I do not trust Fed, Treasury, or Wall Street” — Robert Kiyosaki
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I love Bitcoin because I do not trust Fed, Treasury, or Wall Street.
— therealkiyosaki (@theRealKiyosaki) October 15, 2021
Andrew Yang: Transform Economics
on Friday, November 19, 2021Andrew Yang Money Quote saying UBI would create a transformation in our economy for millions of people. Andrew Yang said:
“A universal basic income would enable millions of Americans to meaningfully transition in the time of economic transformation, including that brought by AI, and it would improve our strength, health, and mental health; kids’ ability to learn; our civic engagement; and our public trust, confidence, and optimism” — Andrew Yang
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Ted Cruz: Senators What Bitcoin Is
on Thursday, November 18, 2021Ted Cruz Money Quote saying Congress members don’t understand Bitcoin enough to regulate it – but are trying anyway. Ted Cruz said:
“I doubt there are 5 members of the United States Senate who know what the hell bitcoin is. This is the truth about crypto, Bitcoin, and Congress. But Congress is trying to regulate it anyway” — Ted Cruz
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This is the truth about #crypto, #Bitcoin, and Congress.
But Congress is trying to regulate it anyway. pic.twitter.com/Yxj5tXr4pE
— Senator Ted Cruz (@SenTedCruz) November 18, 2021
