UPDATE ON THE NEW FINANCIAL SYSTEM

Kracken scam wicks in order to liquidate people. When there is a small crash Kracken pushes it lower to wipe out peoples positions and take their money.

Thats a different financial system than the one Charlie Ward talks about.

Marty, thank you for the info very much appreciated. In this regard, check orion protocol!

Observation: the new system is being constructed to benefit those in power. Just like the old system. Your advice and guidance is very much appreciated!!!

https://www.facebook.com/ClipPicMaker/videos/1325473551172850

Ethereum is planning upgrades to lower fees and add capacity for more transactions. https://ethereum.org/en/eth2/

Haha pretty stressful when you send a big chunky of crypto to your wallet and the exchanges or the blockchain are slow

I'm sure I lost some hair setting up my ledger nano x last week, but that viewing of the frazzled looking guy who regretted not securing his crypto really got to me. Now I can sleep easier.

I bought BAO on my coinbase wallet. I am new to this, should I transfer it to another wallet? Cold storage? If so, which one is recommended? Thanks in advance.

I think of Kraken as very reliable. I think they know too, and will adapt to new situations, further they save a great part of coins in hard wallets. But if you don't trade, then keep in your own wallet. Could you tell more about QFS (quantum financial system)?

Can we buy or swap BAO and ADEL only on ERC20 network where the fee is about 60 usd? I tryed to buy an ADEL for $ 100, but almost the entire amount goes for fee (Gas). I bought than ADEL on BitMax. Is parking funds on Metamask or MyEtherWallet more safer as on exchanges like Binance or Kraken?

Appreciate the comment Daniel. Just think that we should have a more in-depth discussion on these issues. Because ETH has a scalability issue and it is a little unclear how this would affect the ERC20 tokens and its side chains in the long run? Perhaps Dick also has some comments on this issue? As if ETH is the on-ramp to Bao wouldnt this affect the project. Especially if you have to stake your coins for a minimum of 3 years:)!

Lee Brian, watch crypto dad you tube on how to use nano and transfer

I just got a nanoX wallet......anything to be wary of before I start? It seems complex, and I’m not techy

Thanks Dick. Off to 90k we go!

Sigyah122

Eth price is built into the system. This is it's design, exactly what it is doing.

Sigyah122

But what about ETH and its scalability issues? The fees are insane and how can onboarding through Uniswap handle large volumes. Why would they build this by using ETH even though its through a side chain?

Thanks alot for that info, very informative. Bye-bye exchanges bye-bye stockbrokers

Very good points about crypto exchanges Dick! We put an insane amount of trust into those exchanges. Otherwise keep cryptos stored in your own private wallet.