Replies to post #744204 on Fannie Mae-No Politics (FNMA)

[NeoSunTzu]

As of yesterday the global crypto coin market cap was $890B. I know one site that currently tracks 8,870 coins, yes, almost 9000.

[skeptic7]

I do not own crypto, but one thing that I do know is that all of the problems with this currency began post January 20th, 2021. Sorry but that's not any coincidence. Sometimes long-winded explanations are given to divert attention from the underlying problem.

[justradin]

I'll take NeoSunTzu's word for the market cap. I thought it was quite a bit higher, but after the market collapse, that sure might be the cap today.

However, two things. 1. (I own none, and I don't even dream of being able to understand valuation of it.) I think BTC remains. It's a different animal in how it functions/created than 99% of the other complete house of cards. 2. Because the rest will be deemed securities, all the exchanges dealing in them are doing so illegally. And on top of that, it's being discovered that many of the exchanges have ownership in each other. Add to it, that there's strong evidence that they have been colluding in manipulation/fraud on a grand scale- with each other. Much larger than the SEC case against COIN this past year.

Media made FTX out to be a darling for trying to bail out the other exchanges. But they have ownership each other. Extremely tangled from what I'm seeing. When they started collapsing, it's contagion and will continue.

The tie to Home Loan Banks/FDIC was shocking to me. Not good.


Dark clouds loom.