create account

How The Eurodollar System Shows This Is Not The End of Crypto by taskmaster4450

View this thread on: hive.blogpeakd.comecency.com
· @taskmaster4450 ·
$30.73
How The Eurodollar System Shows This Is Not The End of Crypto
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafybeiaiongftih6b4mkbp6usug5s3i5ok3c55jlyag6wbltf44tzkos6y/)](https://3speak.tv/watch?v=taskmaster4450/dbxrwysy)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/dbxrwysy)

</center>

---

Many especially Dr Doom are out there touting the idea that this is the end of cryptocurrency.

In this video I discuss how I tried to let everyone know what the crypto system is paralleling and how it cannot be taken down by a single failure.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/dbxrwysy)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 365 others
👎  ,
properties (23)
authortaskmaster4450
permlinkdbxrwysy
categoryhive-167922
json_metadata"{"tags":["leofinance","archon","mancave","neoxian","eurodollar"],"app":"3speak/0.3.0","type":"3speak/video","image":["https://ipfs-3speak.b-cdn.net/ipfs/bafybeiaiongftih6b4mkbp6usug5s3i5ok3c55jlyag6wbltf44tzkos6y"],"video":{"info":{"platform":"3speak","title":"How The Eurodollar System Shows This Is Not The End of Crypto","author":"taskmaster4450","permlink":"dbxrwysy","duration":912.996411,"filesize":45221920,"file":"ipfs://bafybeigwgkcz6mlhpi34xge4cstebftkpnlovz6okwzfsi24uiupsz4kte","lang":"en","firstUpload":false,"ipfs":null,"ipfsThumbnail":null,"video_v2":"ipfs://QmSPJFZWBeL6YT7Mnxw1cRG36N4ur587NVhA7R7C8ZqE3c/manifest.m3u8","sourceMap":[{"type":"video","url":"ipfs://QmSPJFZWBeL6YT7Mnxw1cRG36N4ur587NVhA7R7C8ZqE3c/manifest.m3u8","format":"m3u8"},{"type":"thumbnail","url":"ipfs://bafybeiaiongftih6b4mkbp6usug5s3i5ok3c55jlyag6wbltf44tzkos6y"}]},"content":{"description":"Many especially Dr Doom are out there touting the idea that this is the end of cryptocurrency.\r\n\r\nIn this video I discuss how I tried to let everyone know what the crypto system is paralleling and how it cannot be taken down by a single failure.","tags":["leofinance","archon","mancave","neoxian","eurodollar"]}}}"
created2022-11-18 23:38:09
last_update2022-11-18 23:38:09
depth0
children10
last_payout2022-11-25 23:38:09
cashout_time1969-12-31 23:59:59
total_payout_value14.505 HBD
curator_payout_value16.226 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length569
author_reputation5,535,529,720,658,280
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries
0.
accountsagarkothari88
weight100
1.
accountspk.beneficiary
weight900
2.
accountthreespeakleader
weight100
max_accepted_payout100,000.000 HBD
percent_hbd10,000
post_id118,443,311
net_rshares68,481,286,417,930
author_curate_reward""
vote details (431)
@ai-summaries ·
**Summary:**
In this video, the speaker discusses the concept of the Eurodollar system and its decentralization, contrasting it with the evolving cryptocurrency landscape. He emphasizes the decentralized nature of the Eurodollar system, where transactions can occur between entities with minimal oversight from central authorities. The speaker argues that the current state of cryptocurrency, including platforms like FTX and Celsius, lacks the true essence of decentralization and replicating the wholesale banking system. He stresses the importance of creating a decentralized reserveless money system without the involvement of traditional banks. The speaker dismisses claims that FTX or similar entities could bring an end to cryptocurrency, likening the situation to the 2008 financial crisis and the collapse of Lehman Brothers.

**Detailed Article:**
The speaker starts by addressing the prevalent narrative of the end of cryptocurrency, attributing it to individuals like Rubini who propagate fear, uncertainty, and doubt about the future of digital assets. He delves into the Eurodollar system, explaining its decentralized nature despite not being permissionless like cryptocurrencies. The decentralized transactions between banks within this system highlight the freedom from regulatory control and external influence.

Throughout the discussion, the speaker draws parallels between the Eurodollar system and the evolving landscape of cryptocurrencies. He emphasizes the need for a decentralized reserveless money system akin to what traditional banks have created but without the reliance on centralized institutions. The speaker critiques current cryptocurrency projects such as FTX, Celsius, and centralized blockchains for failing to embody true decentralization and replicating the wholesale banking system effectively.

The video underscores the significance of user-to-user transactions and bilateral agreements in both the Eurodollar system and the ideal cryptocurrency infrastructure. The speaker argues that the true essence of decentralization lies in direct peer-to-peer interactions, eliminating the need for intermediaries. He dismisses the notion that platforms like FTX could bring an end to cryptocurrency, likening it to the collapse of Lehman Brothers, which did not destabilize the Eurodollar system.

By emphasizing the importance of infrastructure, peer-to-peer interactions, and collateral in financial systems, the speaker challenges the narrative of cryptocurrency's demise. He advocates for a robust, decentralized reserveless money system built on technology and entrepreneurship rather than relying on traditional banking institutions. The video concludes with a call to ignore doomsday predictions about the end of cryptocurrency, positioning the industry as still in its infancy with immense potential for growth and innovation.

---

*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
properties (22)
authorai-summaries
permlinkre-dbxrwysy-20240403t164847z
categoryhive-167922
json_metadata"{"app": "beem/0.24.26"}"
created2024-04-03 16:48:48
last_update2024-04-03 16:48:48
depth1
children0
last_payout2024-04-10 16:48:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,046
author_reputation98,829,048,029
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout0.000 HBD
percent_hbd10,000
post_id132,571,011
net_rshares0
@egistar ·
i also think, that in the next future we get better days.
!MEME !LOLZ 
👍  ,
properties (23)
authoregistar
permlinkre-taskmaster4450-20221119t04127769z
categoryhive-167922
json_metadata{"tags":["leofinance","archon","mancave","neoxian","eurodollar"],"app":"ecency/3.0.28-vision","format":"markdown+html"}
created2022-11-18 23:41:27
last_update2022-11-18 23:41:27
depth1
children2
last_payout2022-11-25 23:41:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length70
author_reputation4,806,090,583,483
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,443,371
net_rshares0
author_curate_reward""
vote details (2)
@lolzbot ·
<div class='pull-right'><center><img src="https://lolztoken.com/lolz.png"><br><a href="https://lolztoken.com">lolztoken.com</a></p><br><br><br><br></center></div><p><center><strong>Did you hear about the claustrophobic astronaut?<br>He just needed a little space.</strong><br><sub>Credit: <a href="https://peakd.com/@reddit">reddit</a></sub><br>@taskmaster4450, I sent you an <a href="https://lolztoken.com">$LOLZ</a> on behalf of @egistar<br><br>Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards.  <a href='https://peakd.com/@lolztoken/introducing-lolz-defi-now-you'>Learn more.</a><br>(1/1)</center></p>
properties (22)
authorlolzbot
permlinkre-re-taskmaster4450-20221119t04127769z-20221118t234146z
categoryhive-167922
json_metadata"{"app": "beem/0.24.19"}"
created2022-11-18 23:41:54
last_update2022-11-18 23:41:54
depth2
children0
last_payout2022-11-25 23:41:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length612
author_reputation108,323,131,745,347
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,443,384
net_rshares0
@meme.bot ·
<img src="https://images.ecency.com/DQmS17t3knu5TFtbrY4LF2VmE21Sso84oWuD79k7fnagQpn/screenshot_2022_10_26_08_09_33.png"><br>Credit: <a href="https://hiveme.me/@nwagod4/memes">nwagod4</a><br>Earn Crypto for your Memes @ <a href="https://www.hiveme.me/">hiveme.me</a>!
👍  , , , , ,
properties (23)
authormeme.bot
permlinkre-re-taskmaster4450-20221119t04127769z-20221118t234205z
categoryhive-167922
json_metadata"{"app": "beem/0.24.19"}"
created2022-11-18 23:42:15
last_update2022-11-18 23:42:15
depth2
children0
last_payout2022-11-25 23:42:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length266
author_reputation670,250,146,233
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,443,391
net_rshares0
author_curate_reward""
vote details (6)
@jfang003 ·
RE: How The Eurodollar System Shows This Is Not The End of Crypto
Crypto will suffer in the short to medium term but I do believe it will still be alive. Just think of it as cutting off some fat for now because of all the bloat we got over time. I just remember all the scams and pump/dumps in crypto that everyone keeps talking about.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-q1uvq)
properties (22)
authorjfang003
permlinkre-taskmaster4450-q1uvq
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@jfang003/re-taskmaster4450-q1uvq"}
created2022-11-19 06:10:09
last_update2022-11-19 06:10:09
depth1
children0
last_payout2022-11-26 06:10:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length369
author_reputation431,122,358,680,929
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,448,832
net_rshares0
@manniman ·
Hot Take:
> We're all doomed!
*Sooner or later*

Proof me wrrrong.
👍  
properties (23)
authormanniman
permlinkre-taskmaster4450-rlkhx7
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.11.1"}
created2022-11-18 23:43:54
last_update2022-11-18 23:43:54
depth1
children0
last_payout2022-11-25 23:43:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length66
author_reputation78,497,888,894,033
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,443,413
net_rshares0
author_curate_reward""
vote details (1)
@manniman · (edited)
$0.06
Btw, EZB has the possibility to block transactions. They've done that to some of my business partners due to USD/EURO transactions outside to inside the EU Zone. It can be the same Bank to the same Bank, they don't care - money laundry laws. You can prevent delay by telling them upfront, a couple of days is usually enough, and the transactions will flow smoothly and easily.
👍  , , , ,
properties (23)
authormanniman
permlinkre-taskmaster4450-rlki31
categoryhive-167922
json_metadata{"tags":"hive-167922"}
created2022-11-18 23:47:24
last_update2022-11-18 23:48:27
depth1
children2
last_payout2022-11-25 23:47:24
cashout_time1969-12-31 23:59:59
total_payout_value0.032 HBD
curator_payout_value0.032 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length376
author_reputation78,497,888,894,033
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,443,462
net_rshares140,396,163,197
author_curate_reward""
vote details (5)
@taskmaster4450le ·
$0.05
RE: RE: How The Eurodollar System Shows This Is Not The End of Crypto
That isnt Eurodollar system.  THat is overnight lending using assets that are, more often than not, off balance sheet.

It has nothing to do with currency or accounts for commercial users.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-manniman-69aczq)
👍  , , , , , ,
properties (23)
authortaskmaster4450le
permlinkre-manniman-69aczq
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-manniman-69aczq"}
created2022-11-19 00:02:18
last_update2022-11-19 00:02:18
depth2
children1
last_payout2022-11-26 00:02:18
cashout_time1969-12-31 23:59:59
total_payout_value0.026 HBD
curator_payout_value0.025 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length291
author_reputation1,744,873,958,090,157
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,443,759
net_rshares111,873,577,159
author_curate_reward""
vote details (7)
@manniman ·
![untitled.gif](https://media.tenor.com/n_EbVm9xPusAAAAC/ohh-i-get-it.gif)
properties (22)
authormanniman
permlinkre-taskmaster4450le-rllvws
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.11.1"}
created2022-11-19 17:43:39
last_update2022-11-19 17:43:39
depth3
children0
last_payout2022-11-26 17:43:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length74
author_reputation78,497,888,894,033
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,460,672
net_rshares0
@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 132 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-131-and-start-week-132) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>1</sub></center>
properties (22)
authorpixresteemer
permlink20221118t235235418z
categoryhive-167922
json_metadata{"tags":["archon","pixresteemer"],"app":"pixresteemer"}
created2022-11-18 23:52:36
last_update2022-11-18 23:52:36
depth1
children0
last_payout2022-11-25 23:52:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length467
author_reputation121,069,149,115,214
root_title"How The Eurodollar System Shows This Is Not The End of Crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id118,443,569
net_rshares0