Good night - Altcoins | Bitcoin Dominance Carnage Continues (LN)

17 Ağu 2023

VC's continue to try sell Bitcoin to "prop" up their token to keep interest going.

Its not working and at the same time they're losing the only assets that matters, Bitcoin.

"BNB" losing power every time Binance tries to do this and they're running low on Bitcoin supply and USDT.

Ethereum also mimicking the BNB sell cycle.

Once exchanges start to adopt Lightning (USDT) (USDC) over Bitcoin its game over.

I can't help but see the repeat of 2002 where share holders off load useless non functioning business model companies and retail purchasing them at all time lows believing they will make a recovery.

There was 457 Initial Public Offerings (IPO's) riding on the wave of Apple, Microsoft, IBM, Intel none of the 457 made it out and went to zero.

We're in the final period where the market caps consolidate to the winner, Bitcoin.

-------------------------------------------------------------------------------------------------------------------
"Today #Tether announces the ending of the support of 3 blockchains USDT: OmniLayer, BCH-SLP and Kusama.
Customers will be able to continue to redeem and swap USDT tokens (to another of the many supported blockchains), but Tether won't issue any new additional USDT on those 3 blockchains."

"Yet we want to emphasize that Tether's team is rooted in the belief of leveraging the most secure, audited, and decentralized blockchain ever built: #Bitcoin .
In fact, we are actively contributing to developing RGB, alongside to
bitfinex
and Fulgur Ventures, a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem.
RGB has been postulated and boostrapped by
@peterktodd
and
giacomozucco
.
You can find more info here: rgb.info

RGB functions both on-chain (Bitcoin L1) and on the Lightning Network ⚡️, promising unparalleled scalability. We firmly believe that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in our industry. Once USDT on RGB goes live, the world will witness USDT on another super-powerful and scalable #Bitcoin layer.
If you didn't take a look at RGB yet, I strongly recommend you to do it.
It's community driven, fully open source, developed and maintaned by super talented minds.
RGB does not require any other token.
Simply secured by #Bitcoin built by bitcoiners ♥️"
Paolo Ardoino TO @tether_to + CTO bitfinex


twitter.com/paoloardoino/status/1692154723875328228?s=20