94.3% of all Bitcoin that will ever exist is already mined. But that's not the fascinating part….
it's what happens next that'll blow your mind.
With each block, we're watching the end game of the most fascinating economic experiment in history.
Here's the plot twist that nobody's talking about: Right now, miners are earning $28M daily to secure your Bitcoin. By 2140, that reward drops to zero. Nada. Zilch.
Current reality: - Only 1.2M Bitcoin left to mine (less than millionaires in Japan) - Miners rely on block rewards for 98.2% of revenue - Transaction fees? A measly 1.8% ($500K daily) - 2-3M BTC already lost to forgotten passwords forever
The trillion-dollar question isn't about price - it's about survival: Either Bitcoin transactions become more expensive than international wire transfers, or the network security becomes cheaper than a mall cop's salary.
We're basically building the world's most valuable network on the hope that your grandkids will happily pay Rolls Royce prices for Toyota Corolla trips.
Talk about a time bomb with a 100-year fuse 💣
Your take: Are we witnessing the world's slowest security crisis? 🤔
using only 0.26% wallet and zero liquidation risk shows how proper leverage and risk management can yield strong results.
Omi_chemicals
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BAN/USDT perpetual futures with a 51x cross-margin mode. Despite using a small margin of just 0.3153 USDT, I managed to achieve an impressive unrealized profit of 4.016 USDT, marking a 1,273.54% gain. How leveraging with minimal capital can lead to significant returns, emphasizing the efficient use of margin. Clearly, this position demonstrates that one doesn’t always need a large margin to make substantial profits in the futures market when the strategy is on point. #TradinTales
BAN/USDT perpetual futures with a 51x cross-margin mode. Despite using a small margin of just 0.3153 USDT, I managed to achieve an impressive unrealized profit of 4.016 USDT, marking a 1,273.54% gain. How leveraging with minimal capital can lead to significant returns, emphasizing the efficient use of margin. Clearly, this position demonstrates that one doesn’t always need a large margin to make substantial profits in the futures market when the strategy is on point. #TradinTales
The world's largest stablecoin, Tether (USDT), is set to be delisted in the EU on December 30th, 2024, as it is not compliant under the new MiCa regulation.
Tether's market cap stands at about $139.7 billion, roughly 13% of all Swiss Franc in existence and larger than the entire valuation of Nike or UPS. In Argentina, 80% of all tech contractors are paid in USDT and for institutional investors USDT has always been the go-to-'currency' to swap digital asset into USD safely and quickly. Also, Tether is dwarfing its direct competitor Circle, whose stablecoin USDC is 4x smaller.
Hence, USDT is very large. So why is it being outlawed?
The Markets in Crypto Assets (MiCA) regulation, aims to bring greater transparency and consumer protection to the crypto market. MiCA requires all crypto-asset issuers, including stablecoin providers like Tether, to secure appropriate licenses to operate within the EU.
Tether is considered to be an Electronic Money Tokens (EMTs) and as such in future can only be publicly offered on EU platforms if the issuer is authorized as a credit institution or electronic money institution - and has submitted a crypto-asset whitepaper to the competent authority.
As of today, Tether has chosen to do neither.
This could potentially lead to severely reduced liquidity and increased volatility.
In contrast, Circle's USD Coin (USDC) has already achieved MiCA compliance, by applying for a E-Money License in Paris.
I personally believe that MiCA is good for the EU and a prerequisite for developing web 3 solutions for institutional investors that rely on clear rules. However, USDT becoming outlawed was certainly an unintended consequence.
What's your opinion? Why did Tether chose not to comply with EU regulations and what does this mean for the EU? And could this even support the emergence of Euro stablecoins?