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How the Cryptoverse faces bad news? Head on and with what I imagine is a maniacal laugh. If one thing this community doesn’t ever have enough of, even in the darkest of days – especially in the darkest of days – is jokes. And it’s never too soon for one. Or many.
The crypto community has faced numerous correlated issues, one at a time, each delivering a major blow to the market. There’s the ongoing Covid-19 pandemic, and then the market crashed super hard. Meanwhile, to ease the impact the virus has had on the economy, the governments are delivering quite a few solutions, which the Cryptoverse finds amusing to say the least – such as, simply printing more money! The U.S. Federal Reserve System (Fed) has been a particularly interesting subject of crypto community’s both criticism and jokes after it said it would increase liquidity by injecting USD 1.5 trillion (initially) into the economy.
Still, the community has used these blows to their advantage, to face the potential economic crises that may be caused by trillions of USD being printed, but also to point out the major fault in the system that can produce as much money as it wants and when it wants. Here are three ways the Cryptoverse reacted to this.
1. “Money printer go BR”
It do go, indeed. But have you ever stopped to think how many Rs in BR it could be? If not, you’re not taking this whole crisis seriously at all. Head on to brrr.money and check out the Fed hard at work printing them bills. Play with the slider, and make the man print the money as fast as you like. That’s not all: you also get to switch between three charts and most popular indices, by clicking on the Dow Jones Industrial Average (the Dow), SPY, or gold spot/USD price chart.
2. Be the Chair of the Fed
The same folks who brought us the printing Fed man, possibly the guys over at 4chan, also offer you a chance to apply for the position of Chair of the Board of Governors of the Federal Reserve System. Don’t worry, you are qualified as long as you can provide your insider trading, embezzlement, bribery, and tax evasion amounts.
Have you been carefully following the price of bitcoin jumping up and down like mad, but it just doesn’t excite you anymore? Have you grown numb to green and red candles? We’ve got a solution for you: a visual representation of Bitcoin’s current price in a battle format, where on the left-hand side, you can see buy orders, while on the right-hand side, as you might have imagined, sell orders. Thanks to the tanks and soldiers, you can see which side is winning, without knowing much about order books. Also, there are explosions.
Enjoy! And you’re welcome.
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