The Trump/Powell Put Hammers Interest Earning Accounts. By Gregory Mannarino
The Trump/Powell Put continues to push the 10yr yield lower. I congratulate the middle class for an epic loss as your interest earning accounts are getting slaughtered... Very sad.
But Powell is the first FED president (after Volcker) who substantially raised the interest rate. This lowering is quite tiny, isn't it?
Let's await the december FED meeting...
Mr. Mannarino,
I need your help in finding the right people to build the next exchange.
I propose that we build and operate a centralized cryptocurrency exchange that competes with Binance. This new exchange will leverage an existing community of users (STEEM). This exchange will fill a massive hole in the cryptocurrency space. We have a huge community of real users, but extremely limited with trading pairs with the STEEM and SBD currencies. The concept is to build an exchange that pairs STEEM and SBD with all other major cryptocurrencies. This will be a first of its kind to marry a social media platform with an exchange. Platforms that leverage massive numbers of users have been extremely popular and profitable like Google, Facebook, and YouTube.
This exchange can charge a tiny fee on trades just like any other exchange, then they can generate revenue. Exchanges also profit on taking maintenance fees and listing fees. Exchanges are highly profitable by doing this. Trades between STEEM and SBD can remain free as an incentive for the STEEM community to utilize the exchange. The exchange should avoid fiat trading pairs (as Binance does) to significantly reduce the regulation burden associated with this.
While leveraging the existing user base, an exchange will bring in new users to this STEEM blockchain which inspires growth in both STEEM usership and the growth of the exchange. Other major exchanges have around 10 million users. Binance has exceeded this in less than a year.
Key Elements Needed:
Mr. Mannarino,
I know you are passionate about exposing fake markets. This is even better than exposing manipulation in the markets. Let’s build a real market where real people can come to trade.
Decentralized Exchanges will eventually replace the centralized exchanges. NO KYC.
That is a very long way in the future IF it can ever happen. Decentralized exchanges cannot compete with the volume of centralized exchanges. The reason comes from the incredibly slow transaction times of currency of today. Transaction times need to be milliseconds for decentralized exchanges to be a reality. There is no such currency in existence. Even transaction times of a few seconds are orders of magnitude too long for realistic trading to be viable. Bitcoin, for instance with transaction times of minutes to hours just won't be usable in a decentralized exchange for trading. Another reason decentralized exchanges cannot compete is that centralized exchanges drive transaction costs to zero as the internal transactions withing the exchange don't carry the burden of the currency transaction fees. That alone will kill decentralized exchanges for trading purposes.