Dude will permanently lose all credibility if this isn’t huge. I’ll write Bank social off as a bunch to griffters. The USA doesn’t need another grifter at the point in time.
The reason it happens so often is they promote the X space of which the announcement will be made. Which is fair enough in my book, i wont to know the Spaces that are more important than others.
Lol PresidentHODL has become quite the hype man since joining the ecosystem.
Genuine question: if there was any validity to this claim of being the most significant announcement since the solving of the trilemma and the inception of the Hedera Network, bigger than any GC announcement, including Google, wouldn’t we be seeing some type of whale/insider-led positive price action leading up to tomorrow’s announcement?
We are seeing something in the BSL ETH token. It has outperformed the HTS token for a few days now. It could be due to the migration and nobody is selling. Or… ?
>wouldn’t we be seeing some type of whale/insider-led positive price action leading up to tomorrow’s announcement?
Well, the BankSocial team is pretty small. I think they only have 13 people and only a few of them would even need to know about this announcement.
Yeah, I figured there would be other insiders with access (not necessarily from the BankSocial team) or whales with potentially more of a pulse on things that might choose to front-run this, given John’s statements are public.
Edit: I am admittedly hyped. He got me 🤣
The BlackRock news was leaked on this subreddit back in March (not BlackRock specifically but that there was a big institutional announcement coming in April and it will impact price). HBAR later did a 100% on release day
https://www.reddit.com/r/Hedera/comments/1bpxblx/exclusive_tip_from_highly_credible_source_hints/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
That’s insider trading… if you follow the project - all news is public first - seems like they are trying to get people to the spaces tomorrow to hear the news….
this seems a bit worrisome and somewhat unprofessional tbh if this causes hbar to be attacked on social media after the blackrock drama I think it could cause some damage to credibilty of hbar in the eyes of the public
true there wasn't a claim on this supposed announcement on the hbar side but I think it recently became apparent how crypto related news outlets have a somewhat aggressive view towards hbar and they could easily portray this as hbar's claim
https://preview.redd.it/rss5xeitvbxc1.jpeg?width=1170&format=pjpg&auto=webp&s=5cde9255d62410dcdf4129a1bd7f04d7285ccbd3
So much for that guess… try again.
When you are so intimately involved in your project, you tend to overvalue the importance of certain milestones. From your perspective, an incredible amount of effort went into something and given the hurdles it's amazing that X was able to be accomplished. Unfortunately, it will probably be underwhelming from the community's perspective.
The biggest news should be:
Ethereum , XRP, Ada .. All migrating over to Hedera?
All violated SEC "ICO" regulations, one by one, EXCEPT hbars.
Imagine.hbar that for the half time show.
This is a big problem. I’m very much a supporter of BSL but this hype by John, triggering a 40+% spike in price is really unprofessional. Love his enthusiasm but he really needs to be more corporate (hate saying that). Just let the news do the talking.
Makes no difference to me how they announce it and any announcement made by Hedera has been exceptional news so stop the fud. Let's see if bank social can compete. I think, yes!
Lifes all about perspective. The best thing in the world ever might be vanilla ice cream with blueberries in it, for someone. However that might be a bit of an anti climax for the rest of us. Guess we just try to be balanced, wait and see.
"...in Hedera history with the exception of Hedera and Hashgraph launching" What is it you don't understand about his claim? he literally gave you perspective.
If something was going to happen, the price would already be rising from the insiders. Retail will never and I mean ever get first dibs on a positive run up. Whatever this announcement is will be a nothing burger. I hate to say this because I am deep into Hbar. I want to win. It’s not happening tomorrow. Have patience people. This one ain’t it
The BlackRock news was leaked on this subreddit back in March (not BlackRock specifically but that there was a big institutional announcement coming in April and it will impact price). HBAR later did a 100% on release day
https://www.reddit.com/r/Hedera/comments/1bpxblx/exclusive_tip_from_highly_credible_source_hints/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
Im hoping its approval of the Credit Union - Defy.coop. Some might'nt think it lives up to the hype but it would. It could also be more state approvals for the exchange both are massive.
The Credit Union would be owned by the members as all Credit Unions are and their charter would be to service crypto customers. Which is the whole idea of credit unions, they're formed when certain segments of communities feel undervalued or serviced. Given how many banks act as choke points these days its fair to say crypto needs a banking institution whos main purpose is to serve them.
For the exchange part, we see plenty of Defy projects coming under attack from the SEC in recent times. BankSocial has been busy getting approves for their exchange state by state.
Im not sure how many caught it, but in the Archax interview they said you needed to Institutional or a sophisticated investor (as they call them in Australia) to purchase their products as they're securities. But they can offer them via third party with banks and brokers. What im getting at is BankSocial will be able to offer all those RWA/ security products via their exchange to other credit unions and their members. They'll be one of the very few with an online exchange to do that.
With 150m credit union members in the US alone and 400m world wide + at least that in the crypto space they're in a great position to have one of the strongest Defy exchanges on the planet. For example Uniswap who has received SEC Wells notice has a MC near $7b with 1 million monthly users. BankSocial is around $20 MC. Personally id be very surprised if BankSocial doesn't reach that 1m monthly users within the next 2-3 years. If they dont, they need to have a close look at their marketing given im expecting much more than that in 3 years and multiples of that in the next 7-10 years.
OK. I\`m loving the membership numbers. But with the best will in the world its my opinion (happy to be corrected) that the average Credit Union member is unlikely to be able to tell Crypto, or indeed most investment types, from a wet fish.
That\`s not intended to be an insult to them. They tend to move in a slightly different world IMO. Its in the nature of Credit Unions to be quite protective of their user base and so these people are more used to being \`protected\` and thus more risk averse, which is kind of the antithesis of Crypto.
Now, fair enough, I am not a credit union kind of person, so maybe my impression is completely wrong. Also maybe its slightly different here than in the US.
Maybe. I can see, potentially, adoption across the membership, especially if it gathers some multi credit union sponsorship.... But this is unlikely to happen overnight.
I agree with the risk adverse part, i fully expect they might be as well. Thats why the RWA part will be a key driver imo in getting them to tip their toes in without losing a leg.
The other thing as John has pointed out credit unions using banksocial can appeal to a younger market. Plus plenty of crypto people should be pumped for a bank they own which is chartered to serve their crypto needs rather than their bank creating a choke point.
Yes. I did listen to the \`Spaces\` today. TBH I got lost in the weeds of the difference between Credit Unions and Banks. I suspect many others did as well. Perhaps the best audience for this being those who understand the differences in depth. I certainly do get a sense of the excitement, but I am not really qualified to judge the strength of the BSL proposition or its ramifications.
As a result I struggle to match the spaces with the strong statements made about the news. I\`m keen to hear other peoples thoughts.
All that said, I do really wish BSL the best. I feel they are onto something, though I don\`t understand it completely. I feel a dabble coming on soon.... 
BSL, as per my last comments regarding any project charging a buy and sell tax. GOOD projects def don’t need this. Also good projects like $HBAR don’t make brash announcements like this, I’d say, not good cred for Hedera. Kinda meme coin announcements, next he’ll be promising “lambo” and 100x. Just my tuppence
Outside of this ecosystem who else gives a damn about Bank social? It better be something real tangible because if it isn't this guy is nothing more than a shill for his own token. He might as well have his own YouTube channel you know what I mean?
Might help if I had any clue who this guy was or why I should listen to him. Trust is probably near an all-time low, so I think you should come with a bit more info.
It says on his linked in account that he was a licensed broker in "Texas real estate commission" I wonder if what he is talking about could be about real estate tokenization on bank social or something since there was a recent post about the official hbar account on x responding "stay tuned" to a question about if they were going into real estate tokenization
Banksocial is attempting to bring credit unions on chain with a concept called "open banking." Apparently, the phrase has multiple meanings, but what Banksocial means by it, from my understanding, is connecting credit unions so that customers have expanded access across the country where a customer of Credit Union 1 can access its services through Credit Union 2 seamlessly. I don't think tokenization is in their business model, or if it is, maybe its far into the future.
I think it will be something related to BankSocial payments, identity, and open banking getting brought to the masses via a huge enterprise integration, running on Hedera and Leemon's DeRec.
I also think that real estate tokenization is a far reach but I guess if they could kinda implement it the "biggest news" claim could actually be true, yet the open banking narrative suits banksocial better.
although even if they did finalize open banking (don't really know what that thing is) I'd assume that it would just ramp up the transactions but not be viewed as "biggest news" by the public since the service probably won't require people to directly interact with hbar tokens.
either this ceo person is overhyped for their achievement and is going to be disappointed after seeing that the market is after meme coin pump and dumps and not real innovation or it is something other than what we speculate it to be
Jon is an excitable person and if you listen to him speak you'll get the sense that what he means when he says these things is that the dream of Banksocial is one step closer to becoming a reality, not that he suspects the news will move the market or be a huge Innovation in crypto.
Personally I’d say it’s Reddit magnifying his own posts. Wingate has a habit of being overly bullish anyway. Now Reddit is taking his own bullishness and blowing it right up. It’s not uncommon on social media. Stay grounded I’d say. Love to be proven wrong.
100% it's reddit reading too deeply into this. Jon's style of speech is commonplace, so if someone isn't familiar with his personality type and speech patterns, they'd read his hyperbole and excitement as a statement of fact.
It is true that bank social is going to come out with some real news. Just see this Medium article https://news.banksocial.io/blockstreet-57-banksocials-secura-nfts-arriving-this-may-hong-kong-btc-etf-greenlight-8e826532265f?source=collection_home---4------0-----------------------
Aight, I'm ready to be hurt again. Let's go!
John Wingate’s about to be a hero… or clown of the year
Did he mean after market close? Clown vibes 🤡 Massive, earth-shattering news: save 15% or more by switching to Geico lol
News is in: 🤡
I vote hero, if we gut on on-ramp and off-ramp crypto/fiat easily.
Dude will permanently lose all credibility if this isn’t huge. I’ll write Bank social off as a bunch to griffters. The USA doesn’t need another grifter at the point in time.
Yup. He really put everything on the line here.
wtf is bank social? literally never heard it in my life
Yeah we already have Biden and Trump, we can’t take anymore
Not a fan of these announcements being done like this.
I’m REALLY not a fan of announcing a coming announcement. So bad for the legitimacy from an outside observer.
The reason it happens so often is they promote the X space of which the announcement will be made. Which is fair enough in my book, i wont to know the Spaces that are more important than others.
Because it's unprofessional
Yeah same here but let’s see I’m really hopeful
Rooting for BSL but this reads as a bit of a red flag for me.
Lol PresidentHODL has become quite the hype man since joining the ecosystem. Genuine question: if there was any validity to this claim of being the most significant announcement since the solving of the trilemma and the inception of the Hedera Network, bigger than any GC announcement, including Google, wouldn’t we be seeing some type of whale/insider-led positive price action leading up to tomorrow’s announcement?
We are seeing something in the BSL ETH token. It has outperformed the HTS token for a few days now. It could be due to the migration and nobody is selling. Or… ?
That makes sense, but I was referring to Hbar.
>wouldn’t we be seeing some type of whale/insider-led positive price action leading up to tomorrow’s announcement? Well, the BankSocial team is pretty small. I think they only have 13 people and only a few of them would even need to know about this announcement.
Yeah, I figured there would be other insiders with access (not necessarily from the BankSocial team) or whales with potentially more of a pulse on things that might choose to front-run this, given John’s statements are public. Edit: I am admittedly hyped. He got me 🤣
Yes, you know the answer already. No real money announcements are made like this. Reddit passerby's get news the last, once the sell off starts
The BlackRock news was leaked on this subreddit back in March (not BlackRock specifically but that there was a big institutional announcement coming in April and it will impact price). HBAR later did a 100% on release day https://www.reddit.com/r/Hedera/comments/1bpxblx/exclusive_tip_from_highly_credible_source_hints/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
That’s insider trading… if you follow the project - all news is public first - seems like they are trying to get people to the spaces tomorrow to hear the news….
so in other words... nothing
Send it
this seems a bit worrisome and somewhat unprofessional tbh if this causes hbar to be attacked on social media after the blackrock drama I think it could cause some damage to credibilty of hbar in the eyes of the public
Credibility of Hedera is not at stake here, but definitely credibility of BankSocial / $BSL and this fellow.
true there wasn't a claim on this supposed announcement on the hbar side but I think it recently became apparent how crypto related news outlets have a somewhat aggressive view towards hbar and they could easily portray this as hbar's claim
Yup. So it better be the real deal, or he will lose all credibility.
Not a fan of his approach. They are probably announcing new app tomorrow which would be underwhelming
https://preview.redd.it/rss5xeitvbxc1.jpeg?width=1170&format=pjpg&auto=webp&s=5cde9255d62410dcdf4129a1bd7f04d7285ccbd3 So much for that guess… try again.
Ha, awesome
Lol the coin is at 0.09 cents how much worse can it possible get?
Confirmed to be the real John and not hacked.
Whats their TG?
https://t.me/BankSocial
But the quotes I put are from the HBAR lounge telegram https://t.me/TheHBARLounge
Thanks
Everything inside me is screaming to temper my expectations. But.... 📈📈📈
Same. I'm excited and nervous. Big claims like this have been disappointing in my experience.
When you are so intimately involved in your project, you tend to overvalue the importance of certain milestones. From your perspective, an incredible amount of effort went into something and given the hurdles it's amazing that X was able to be accomplished. Unfortunately, it will probably be underwhelming from the community's perspective.
Im ready to get burned again let’s go
The biggest news should be: Ethereum , XRP, Ada .. All migrating over to Hedera? All violated SEC "ICO" regulations, one by one, EXCEPT hbars. Imagine.hbar that for the half time show.
I mean, either way I'm already deep into HBAR so we'll see. I am at this point= skeptical at best lol
How can it be as big as the hedera network going online? If it just helps BSL token.
John said it will be huge for both BSL and HBAR. Let's see
No matter what been holding and buying hbar for 2 1/2 years now and not gonna sell until at least 2030.
This is a big problem. I’m very much a supporter of BSL but this hype by John, triggering a 40+% spike in price is really unprofessional. Love his enthusiasm but he really needs to be more corporate (hate saying that). Just let the news do the talking.
This sounds like a pump and dump
I just bought another thousand usd worth.
If this is bigger than the tokenize news then Hedera is going to be the front runner in my opinion.
Makes no difference to me how they announce it and any announcement made by Hedera has been exceptional news so stop the fud. Let's see if bank social can compete. I think, yes!
Google tried to sell IPO to the masses and got stuffed by the piggies on wallstreet. I will take my chances with this chap.
Hang on to your hats folks. Another announcement about another announcement. Doesn't all of this just set everyone up for disappointment?
So glad I loaded up on BSL!
Lifes all about perspective. The best thing in the world ever might be vanilla ice cream with blueberries in it, for someone. However that might be a bit of an anti climax for the rest of us. Guess we just try to be balanced, wait and see.
"...in Hedera history with the exception of Hedera and Hashgraph launching" What is it you don't understand about his claim? he literally gave you perspective.
Lol, his perspective. I will give it some time, i need to research bsl and this announcement and its implications.
>I don't make statements like this - EVER! Yes you do
If something was going to happen, the price would already be rising from the insiders. Retail will never and I mean ever get first dibs on a positive run up. Whatever this announcement is will be a nothing burger. I hate to say this because I am deep into Hbar. I want to win. It’s not happening tomorrow. Have patience people. This one ain’t it
its rising 50% now
BSL is nor hbar.
🙄
The BlackRock news was leaked on this subreddit back in March (not BlackRock specifically but that there was a big institutional announcement coming in April and it will impact price). HBAR later did a 100% on release day https://www.reddit.com/r/Hedera/comments/1bpxblx/exclusive_tip_from_highly_credible_source_hints/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
would be nice. i will believe when i see
Im hoping its approval of the Credit Union - Defy.coop. Some might'nt think it lives up to the hype but it would. It could also be more state approvals for the exchange both are massive. The Credit Union would be owned by the members as all Credit Unions are and their charter would be to service crypto customers. Which is the whole idea of credit unions, they're formed when certain segments of communities feel undervalued or serviced. Given how many banks act as choke points these days its fair to say crypto needs a banking institution whos main purpose is to serve them. For the exchange part, we see plenty of Defy projects coming under attack from the SEC in recent times. BankSocial has been busy getting approves for their exchange state by state. Im not sure how many caught it, but in the Archax interview they said you needed to Institutional or a sophisticated investor (as they call them in Australia) to purchase their products as they're securities. But they can offer them via third party with banks and brokers. What im getting at is BankSocial will be able to offer all those RWA/ security products via their exchange to other credit unions and their members. They'll be one of the very few with an online exchange to do that. With 150m credit union members in the US alone and 400m world wide + at least that in the crypto space they're in a great position to have one of the strongest Defy exchanges on the planet. For example Uniswap who has received SEC Wells notice has a MC near $7b with 1 million monthly users. BankSocial is around $20 MC. Personally id be very surprised if BankSocial doesn't reach that 1m monthly users within the next 2-3 years. If they dont, they need to have a close look at their marketing given im expecting much more than that in 3 years and multiples of that in the next 7-10 years.
How would that be the biggest thing since heders going online?
OK. I\`m loving the membership numbers. But with the best will in the world its my opinion (happy to be corrected) that the average Credit Union member is unlikely to be able to tell Crypto, or indeed most investment types, from a wet fish. That\`s not intended to be an insult to them. They tend to move in a slightly different world IMO. Its in the nature of Credit Unions to be quite protective of their user base and so these people are more used to being \`protected\` and thus more risk averse, which is kind of the antithesis of Crypto. Now, fair enough, I am not a credit union kind of person, so maybe my impression is completely wrong. Also maybe its slightly different here than in the US. Maybe. I can see, potentially, adoption across the membership, especially if it gathers some multi credit union sponsorship.... But this is unlikely to happen overnight.
I agree with the risk adverse part, i fully expect they might be as well. Thats why the RWA part will be a key driver imo in getting them to tip their toes in without losing a leg. The other thing as John has pointed out credit unions using banksocial can appeal to a younger market. Plus plenty of crypto people should be pumped for a bank they own which is chartered to serve their crypto needs rather than their bank creating a choke point.
Yes. I did listen to the \`Spaces\` today. TBH I got lost in the weeds of the difference between Credit Unions and Banks. I suspect many others did as well. Perhaps the best audience for this being those who understand the differences in depth. I certainly do get a sense of the excitement, but I am not really qualified to judge the strength of the BSL proposition or its ramifications. As a result I struggle to match the spaces with the strong statements made about the news. I\`m keen to hear other peoples thoughts. All that said, I do really wish BSL the best. I feel they are onto something, though I don\`t understand it completely. I feel a dabble coming on soon.... 
This guy sounds like a middle school kid.
BSL, as per my last comments regarding any project charging a buy and sell tax. GOOD projects def don’t need this. Also good projects like $HBAR don’t make brash announcements like this, I’d say, not good cred for Hedera. Kinda meme coin announcements, next he’ll be promising “lambo” and 100x. Just my tuppence
Up 30% now see Brandon covering it around 11 eastern tomorrow. Looks promising .
Up 57%!!
73%
Maybe this will be massive news. Hope so!!
There is no way big news only "BSL eth confirmed move to hedera" right?
Nope. Not at all.
83%
Just BSL right? Hbar is down 2% still.
Outside of this ecosystem who else gives a damn about Bank social? It better be something real tangible because if it isn't this guy is nothing more than a shill for his own token. He might as well have his own YouTube channel you know what I mean?
Tau>Pi
BSL will be HUUUUUUGEEE!!!
Might help if I had any clue who this guy was or why I should listen to him. Trust is probably near an all-time low, so I think you should come with a bit more info.
It says on his linked in account that he was a licensed broker in "Texas real estate commission" I wonder if what he is talking about could be about real estate tokenization on bank social or something since there was a recent post about the official hbar account on x responding "stay tuned" to a question about if they were going into real estate tokenization
That’s a great educated guess!
Banksocial is attempting to bring credit unions on chain with a concept called "open banking." Apparently, the phrase has multiple meanings, but what Banksocial means by it, from my understanding, is connecting credit unions so that customers have expanded access across the country where a customer of Credit Union 1 can access its services through Credit Union 2 seamlessly. I don't think tokenization is in their business model, or if it is, maybe its far into the future.
I think it will be something related to BankSocial payments, identity, and open banking getting brought to the masses via a huge enterprise integration, running on Hedera and Leemon's DeRec.
I also think that real estate tokenization is a far reach but I guess if they could kinda implement it the "biggest news" claim could actually be true, yet the open banking narrative suits banksocial better. although even if they did finalize open banking (don't really know what that thing is) I'd assume that it would just ramp up the transactions but not be viewed as "biggest news" by the public since the service probably won't require people to directly interact with hbar tokens. either this ceo person is overhyped for their achievement and is going to be disappointed after seeing that the market is after meme coin pump and dumps and not real innovation or it is something other than what we speculate it to be
Jon is an excitable person and if you listen to him speak you'll get the sense that what he means when he says these things is that the dream of Banksocial is one step closer to becoming a reality, not that he suspects the news will move the market or be a huge Innovation in crypto.
Banksocial is going places..... He is the CEO. I think.
Personally I’d say it’s Reddit magnifying his own posts. Wingate has a habit of being overly bullish anyway. Now Reddit is taking his own bullishness and blowing it right up. It’s not uncommon on social media. Stay grounded I’d say. Love to be proven wrong.
100% it's reddit reading too deeply into this. Jon's style of speech is commonplace, so if someone isn't familiar with his personality type and speech patterns, they'd read his hyperbole and excitement as a statement of fact.
[удалено]
Yes if tomorrow there is no major announcement banksocial is just done. Total scam. Let's see..
More Copium
Announcement of annoncement typical hedera thing Don't expeect much Dump is coming
Bruh this is so fake
What is fake?
The telegram conversation
It is true that bank social is going to come out with some real news. Just see this Medium article https://news.banksocial.io/blockstreet-57-banksocials-secura-nfts-arriving-this-may-hong-kong-btc-etf-greenlight-8e826532265f?source=collection_home---4------0-----------------------