Pension firm that drops oil stocks picks up crypto company Celsius

Pension fraud comes to crypto or enters the crypto market

Tether the company print usdt out of thin air- loans to Celisus--- Celsius bribes the people that run the Canadian pension fund with crypto tokens probably usdt in order to get the pension fund to invest in Celsius equity. 

Canadian government entity invests in a company that is being investigated for criminal financial crimes at the state level.

Regulators accept bribes too, don't be afraid of them

ESG movement is a scam, no one cares about climate, they just want to make money from environmental nut jobs who worship trees and produce mass hysteria

For more on pension fraud- Edward Siedele

* meant to say Coindesk instead of Coinbase (where I heard of the story)

* meant to say Celsius is getting loans from Tether the company with usdt printed out of thin air (not backed by dollars) and that some of this free crypto is most likely being used to bribe people at the pension fund and also regulators

https://en.wikipedia.org/wiki/Caisse_de_d%C3%A9p%C3%B4t_et_placement_du_Qu%C3%A9bec

https://www.reuters.com/business/sustainable-business/canadas-second-largest-pension-fund-caisse-reveals-new-climate-targets-2021-09-28/

https://www.ft.com/content/b47c9499-f4a6-46f4-991b-e8f7f20d49e2

Bitcoin maxi's love stablecoins, why is that?

They are for sure playing the short game, not the long game.

Bitcoiners are in bed with ESG green movement, shows you they are energy fascists, are only concerned with PR and are playing a very dangerous game with the public who will experience rising energy costs and blackouts and will be blaming them

Bitcoiners celebrate El Salvador and mostly ignore the coercion shows you what bitcoin is really about- money and getting rich not freedom

Bitcoiners are not tracking to see which Senators own bitcoin and which do not. Are they only going to vote for people that own bitcoin-- absolutely-- shows bitcoin is becoming very political. This is nature in a fascist country, but it isn't what we are told bitcoin is about.  This would be the equivalent of TSLA holders seeing who owned TSLA and voting in that candidate, giving TSLA free gov money at tax payer expense through w subsidies, etc. Yes lobbying exists, but most people aren't voting based on which candidate holds TSLA or not.

There are people in bitcoin who want to change laws, get your gov to buy bitcoin as a 'reserve asset'  and pass laws benefiting their tribal group.

We were told that bitcoin doesn't needs governments and can exist without them and doesn't care about the laws. Yes, a small very very different type / version of bitcoin can... but not the monstrosity we have today--- this thing called bitcoin now obviously needs gov, needs to bribe regulators, needs power and money to achieve its goals.

Didn't mention the direct contact and collusion with the President of El Salvador, or the direct tie to the Mayor of Miami

How can stablecoins evolve to avoid all potential regulation (well not all- not msb stuff), but avoid the most focused on type of incoming regulation talk- which is the backing - or they assets that give value to the token. The regulators do not even care about the promise side of the stablecoin product...

Study the dollar and its history with gold.

Study why the dollar still was accepted after the link to gold severed. 

Frank Shostak article ---- that explains why the dollar is still accepted--- because it was accepted in the past -- because it had a link to gold.

I predict the same thing to happen with stablecoins--- because stablecoins were once backed by dollars, stablecoins that aren't backed by anything will be accepted in the future because they were once accepted in the past. 

The evolution probably wont come from a no name new algo stablecoin-- but from Tether with a lot of clout... probably from a centralized stablecoin issuer that once did accept dollars for stablecoins. 

One of Frank Shostak articles-

https://mises.org/wire/why-does-money-have-value-not-because-government-says-it-does

Stablecoins need to stay in their lane (crypto lane).

Printing something for nothing.

Every crypto token is inflationary, but especially stablecoins.

I do not like the name Stablecoins.

Tether lends out usdt to Celisus. The collateral used in the loan do not back up or get value to the usdt, it gives value to the promise to back the loan.

Let's think logically about what Tether produces and what they should (usd) and should not have (usdt) on their books to lend. If Tether was being honest they would be buying usdt in the market to then lend. (yeah no one believes that).

Crypto needs to stay in its own virtual crypto world

Stablecoins should not be regulated with any new laws. If they are going to be regulated they are securities.. but we all know why that is a problem so they have to invent a new regulatory thing that fits better.

Stablecoins better not be used outside of the crypto world--- pushing up the value of real assets. 

There is a way to get justice perhaps from those harmed but it would involve the law, and not code is law.

What a great time to be a hacker hacking on the blockchain. It probably will not last forever, but while it exists I would encourage everyone to go into it.

Hackers-- of blockchain-- do not give back anything to protocols like Polychain

This concept is closely related to bitcoin and POW as far as 'value' goes.

Expending or wasting resources does not automatically produce value if the thing has no utility.

Just talking about an NFT while destroying your diamond is the only thing that connects these things. 

One of the uses for bitcoin is that it helps our grid and it helps us reduce fossil fuels and go green!

What is it good for? Selling bitcoin to institutions of course.