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๐ How I Made Over $2M Trading Alts: The Fibonacci Tool Explained ๐งต
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๐ถ BREAKING: The US personal savings rate dropped to 2.9% in July, its lowest in 2 years ๐. ๐ถ Savings as a percentage of disposable personal income is now at its second-lowest level since the 2008 Financial Crisis. ๐ถ The savings rate has been in decline for 14 consecutive months โฌ๏ธ. ๐ถ For perspective, savings rates averaged ~6.0% from 2009-2019 and ~11.0% in the 1980s ๐. ๐ถ With high inflation and stalled wage growth, consumers are increasingly relying on credit cards, contributing to historically low savings rates ๐ณ. ๐ถ Many consumers feel like the economy is in a recession ๐. #Economy #Inflation #Recession #Finance #USNonFarmPayrollReport
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๐ถ Promising to "decentralize" in the future is not enough! Major L2s can censor and steal user funds today. Meanwhile, scalable L1s are faster, cheaper, and more secure โก๏ธ ๐ถ Convincing the crypto community to accept centralization is a tragedy. We don't need to make these sacrifices when L1 tech can scale right now ๐ ๐ถ Centralization of power is tough to reverse, historically requiring revolutions. Centralized L2s wonโt easily give up their power without a fight โ๏ธ ๐ถ Most people follow financial incentives. Expecting VCs, devs, and investors to give up billions in fees, MEV, and tokens for decentralization? Highly unlikely! ๐ธ ๐ถ "Trust me bro" is not a valid strategy. The ETH ecosystem's reliance on centralization is a dangerous fantasy ๐ง ๐ถ ETH's future looks grim as L2s drain its life force. Some L2s may succeed, but they'll do so by abandoning ETH and going solo ๐ ๐ถ The solution is to support decentralized, scalable L1s. Theyโre proving ETH wrong every single day by simply existing ๐ #Crypto #Decentralization #L1 #L2 #Blockchain
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๐ถ Trump winning the election could be better for crypto than a Kamala win. ๐ถ Trump has pledged to free Ross Ulbricht and make the US a leader in crypto. ๐ถ Kamala's administration, however, has been outright hostile toward crypto. ๐ถ While I don't typically comment on politics, it's important to note that policy can be measured objectively. #Crypto #Policy #Blockchain #Election
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Decentralization in Crisis: Why L2s and Appchains Fall Short, and Sharding is the True Solution
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