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#51 2023-05-20 02:09:44

Vastextension
Member
Registered: 2022-11-19
Posts: 2,009

Re: One of the most absurd aspects of the Silicon Valley bank failure

full;9295 wrote:
thrive;9284 wrote:
oba;9283 wrote:

That's a nuisance and something a well-understanding person will never agree with Bitcoin some organizations like GrayScale are doing and never make a loss.

I think the FDIC spoke person or chairman that make the statement is trying to imitate what Elizabeth Warren says

Elizabeth Warren was the first person to say that people should blame Silvergate's bank collapse on risky crypto whereas lack of knowledge is what always causes loss in crypto.

Guys people like Elizabeth Warren will never make positive statement about crypto currency because she never like it a bit but I am sure it's for her personal interest.

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#52 2023-05-20 18:24:09

Detroit
Member
Registered: 2022-12-27
Posts: 1,485

Re: One of the most absurd aspects of the Silicon Valley bank failure

Vastextension;9305 wrote:
full;9295 wrote:
thrive;9284 wrote:

I think the FDIC spoke person or chairman that make the statement is trying to imitate what Elizabeth Warren says

Elizabeth Warren was the first person to say that people should blame Silvergate's bank collapse on risky crypto whereas lack of knowledge is what always causes loss in crypto.

Guys people like Elizabeth Warren will never make positive statement about crypto currency because she never like it a bit but I am sure it's for her personal interest.


People who do not like cryptocurrency have no reason to have an opinion on it. If they do have opinions it's best to ignore them because it's pointless.

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#53 2023-05-23 17:45:31

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,703

Re: One of the most absurd aspects of the Silicon Valley bank failure

"Life is like a two side of a Coin" she might not be seeing the good side of it or probably might just want to ignore the facts.  Crypto as a future and as far as it goes it till growing values more than the centralise tender.

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#54 2023-05-23 17:51:01

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,736

Re: One of the most absurd aspects of the Silicon Valley bank failure

Did some said Elizabeth? She's too old to understand the importance of a great deal, she prefer seeing what she have at hand rather than stored and secured.

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#55 2023-05-26 05:36:06

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,703

Re: One of the most absurd aspects of the Silicon Valley bank failure

crpuusd;9867 wrote:

Did some said Elizabeth? She's too old to understand the importance of a great deal, she prefer seeing what she have at hand rather than stored and secured.

I will take her opinion out  of "politics in play" .

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#56 2023-05-26 23:36:36

level
Member
Registered: 2023-01-19
Posts: 1,365

Re: One of the most absurd aspects of the Silicon Valley bank failure

crpuusd;9867 wrote:

Did some said Elizabeth? She's too old to understand the importance of a great deal, she prefer seeing what she have at hand rather than stored and secured.

No political leader is too old to understand innovative technology because it is part of the reason she was elected into office.

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#57 2023-05-26 23:38:02

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,616

Re: One of the most absurd aspects of the Silicon Valley bank failure

level;10254 wrote:
crpuusd;9867 wrote:

Did some said Elizabeth? She's too old to understand the importance of a great deal, she prefer seeing what she have at hand rather than stored and secured.

No political leader is too old to understand innovative technology because it is part of the reason she was elected into office.

Yes, you're right and I believe any political leader that didn't have the knowledge to understand innovative technology that will move the country forward shouldn't be elect into office.

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#58 2023-05-27 19:41:47

Detroit
Member
Registered: 2022-12-27
Posts: 1,485

Re: One of the most absurd aspects of the Silicon Valley bank failure

level;10254 wrote:
crpuusd;9867 wrote:

Did some said Elizabeth? She's too old to understand the importance of a great deal, she prefer seeing what she have at hand rather than stored and secured.

No political leader is too old to understand innovative technology because it is part of the reason she was elected into office.


Age really matters a lot in a lot of things. Technologies generally need young minds and bodies. We need young politicians in our society so they can understand the evolution of technology.

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#59 2023-05-28 20:38:38

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: One of the most absurd aspects of the Silicon Valley bank failure

Recent decades have seen a dramatically accelerating pace in the development and adoption of new technologies, even though various gaps which can be filled by proper observation

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#60 2023-05-29 19:32:58

Detroit
Member
Registered: 2022-12-27
Posts: 1,485

Re: One of the most absurd aspects of the Silicon Valley bank failure

Technology has been at the heart of the development of societies since the dawn of time. From the discovery of fire to the invention of the more pronounced technologies we know now.

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#61 2023-05-29 19:57:36

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: One of the most absurd aspects of the Silicon Valley bank failure

You must constantly ensure the technology you utilize is up to date due to the ever-changing nature of the tech industry. Here's how to choose the best of the best

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#62 2023-05-30 01:37:51

full
Member
Registered: 2023-01-06
Posts: 1,222

Re: One of the most absurd aspects of the Silicon Valley bank failure

Camavinga;10512 wrote:

Recent decades have seen a dramatically accelerating pace in the development and adoption of new technologies, even though various gaps which can be filled by proper observation

The recent decade sees an acceleration in the development of technology because we are living in a century where technology is the most paramount aspect of human life.

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#63 2023-05-30 17:47:35

Detroit
Member
Registered: 2022-12-27
Posts: 1,485

Re: One of the most absurd aspects of the Silicon Valley bank failure

The advent of modern technology brought about great changes in our modern life. Before technology,  man did not know many modern means in his life but relied on simple primitive tools in everything.
Evidence of history tells us how Neanderthals used stones to burn fire to cook food and so on. Wood was used to make spears, which were used to hunt animals and other primitive methods.

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#64 2024-05-12 16:00:18

Kelechi
Member
Registered: 2022-12-25
Posts: 2,319

Re: One of the most absurd aspects of the Silicon Valley bank failure

The failure of a bank located in Silicon Valley, renowned for its innovation and technological prowess, highlights a paradox. Despite being in a hub of innovation, the bank couldn't innovate or adapt to changing market dynamics, leading to its downfall.

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#65 2024-05-12 16:07:01

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,682

Re: One of the most absurd aspects of the Silicon Valley bank failure

Silicon Valley is synonymous with tech-driven solutions, yet the failure of a bank in this region could erode trust in such solutions for finance. It raises questions about the reliability and stability of technology-driven financial institutions, undermining confidence in the sector as a whole

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#66 2024-05-13 21:41:28

Detroit
Member
Registered: 2022-12-27
Posts: 1,485

Re: One of the most absurd aspects of the Silicon Valley bank failure

A very valid point! The Silicon Valley bank failure has far-reaching implications beyond just the tech industry. It's a wake-up call for fintech and tech-driven financial institutions to prioritize stability and reliability alongside innovation. Trust is fragile, and the sector must work to rebuild and maintain confidence. Transparency, accountability, and robust risk management are crucial to ensuring that tech-driven finance continues to thrive and serve the people.

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