Day 18 – All those flashing lights
It is the holiday season. I have many memories of watching the Christmas tree lights blinking away but this year all the blinking is coming from cryptocompare.com. So many red and greens and blues are flashing for those altcoins today… and George Michael’s Last Christmas is playing non-stop in my head.
Yesterday, was a forced day off. Even though I worked through some ideas, I really tried not to look at the markets or read the latest stories. One article did make me rather pissed off though as it was about a woman in NY and terrorist funding and some anti-bitcoin voices as it was providing a method to launder funds. What made me mad was that she has be granted bank loan 22.5K and had used multiple credit cards to buy cryptos totalling 65K of USD. How the frig does someone get approved for that kind of debt within a 3-month window? How can credit card have those kind of limits – are there not daily and weekly charge limits? If banks and credit cards had better debt screening then she would not have qualified for such transactions in the first place. The real issue is why do banks allow this behaviour? Why do banks allow people to go into debt so easily. Crypto purchases are heading down a slippery slope – credit card purchases, second mortgages, lending platforms…we are allowing those FIAT banking problems into the crypto space. Gotta be careful.
Lesson 18 – I have opinions which are completely different than many in the crypto space
- Wrote many articles
- Watched some YT which were outside my comfort zone
- Doodled a bit for logo design
- Planned flights for next month’s meetings overseas
- Watched as Market Cap passed 600B
Now that the design stuff is finished, the inner layers are all more so an exploration of my opinions and viewpoints. Some issues will be more electric than others, but I am trying to stay neutral on most. I know not everyone will be happy, but that is a good thing for if everyone agreed then we wouldn’t need all to be here.
See you tomorrow
Kelea