Moody’s has downgraded El Salvador Sovereign Debt in the light of their recent Bitcoin purchases. This is a good time to remember that Moody’s have conned the investors once during 2008 sub prime crisis by issuing sellout ratings to companies of shady background.

When all these rating agencies are in line to issue OR have already issued their latest ratings to companies/countries/states/etc holding cryptocurrency in their balance sheet, this could be a good time to remind ourselves that these rating agencies have shown their true colours once when they had rated the likes Read more…

Stop Gatekeeping Crypto Adoption

The salty, highly upvoted post mocking dogecoin being accepted at Tesla for some items – the sixth largest company in the world in market cap, and undoubtedly one of the most visible companies in the world, accepting the purchase of items with cryptocurrency – priced in cryptocurrency and not fiat Read more…

Watched ‘ The big short’ yesterday and was shocked of what actually went down. I fully understand why cryptocurrency was created because the system messed up big time.

If you’ve never seen the movie I definitely recommend it! This text might contain some spoilers. I’ve always heard of the movie ‘the big short’ but never watched it before. I was shocked at what went down and how totally ignorant people, banks, hedge funds etc were to giving loans Read more…