Coin Bureau

Charles Hoskinson, founder of Cardano, released a video discussing the dominance of traditional finance in the crypto industry and the potential negative consequences. He suggests ways for crypto to protect itself from being captured by traditional finance and highlights the importance of decentralized algorithmic stable coins. The video also discusses the benefits of joining the Coin Bureau Club and addresses the collapse of Terra's US algorithmic stable coin. Charles considers centralized stable coins, backed by real-world assets, to be a threat to the crypto market and notes that they make up around 10% of the total market cap. He also points out that 70% of crypto transactions involve regulated and controlled centralized stable coins, which could potentially choose the dominant blockchain in the event of a hard fork. The video discusses the benefits of joining the Coin Bureau Club, which offers weekly reviews of small cap altcoins, daily crypto market updates, and exclusive

deals. It also discusses the importance of decentralized algorithmic stable coins and the threats posed by centralized asset-backed stable coins. The video promotes the Coin Bureau deals page and mentions the collapse of Terra's US algorithmic stable coin in 2022. It also highlights the dominance of centralized stable coins in the crypto market and the potential risks they pose in the event of a hard fork. The video also mentions Ethereum creator Vitalik Buterin's concerns about the influence of centralized stable coin issuers in determining the outcome of a fork. The article discusses the collapse of Terra's US algorithmic stable coin in 2022 and the differences between this type of stable coin and those backed by other cryptocurrencies. It also highlights the increasing use of centralized stable coins like USDC and USDT in crypto transactions, which are regulated and controlled by centralized companies. The potential risks of these stable coins on the blockchain are discussed, along

with Charles' criticism of their use on cardano. The article also promotes the Coin Bureau deals page, which offers discounts on hardware wallets, trading fees, and a new altcoin subscription service. The article discusses the dominance of centralized stable coins in crypto transactions and the potential risks they pose, as well as the power of asset managers in controlling the direction of cryptocurrencies. It also promotes a deals page on coin.com and mentions Charles' criticism of centralized stable coins on Cardano. The author uses the example of spot Bitcoin ETFs to illustrate the potential for centralized companies to control the direction of cryptocurrencies in the event of a fork. The article discusses the risks of centralized stable coins on the blockchain and promotes a deals page on coin.com. It also mentions Charles' criticism of centralized stable coins on cardano and the potential for asset managers to control the cryptocurrency market through ETFs. This could lead to

a destruction of the proof of work chain and give centralized exchanges significant power in the industry.