~snip~
If CZ is sentenced with criminal charges, who will be the next biggest warlord in the cryptospace? There is no other person that can be speculated except Justin Sun, I reckon hehehe. It is also rumored that he has exchanged $2 billion of USDC to USD through Circle and has withdrawn this in his own bank accounts. This is only the declared part of his wealth. I am quite certain the larger part of these cryptowhales' wealth are undeclared and siphoned off the cryptospace and sent to their anonymous selves in Swiss bank accounts. We can't tell. That Justin Sun is rich today and is already influential to a certain extent don't automatically mean he's the next in line for the throne. Prior to Binance becoming the largest exchange, CZ was not really somebody. Before FTX became a strong contender against Binance, SBF was probably off the radar as well. They just came really quick and made a huge name. And it also doesn't help that Justin Sun is a clown. Considering that the cryptospace had an MIT graduate with a clean identity who is also politically connected to the Democratic party scam their users, I reckon Justin Sun being a clown will not have as much significance if he continues to prove that he is a good businessman or if he helps on the growth and the acceptance of the cryptospace. |
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This was an argument jokingly made by one of the forum members that I much respect. We argue and tease each other, however, everything is with respect and we do not take it very serious because we accept the reality that we are not very important people in the cryptospace. In any case, the argument made is maybe Michael Saylor would have made a better investment if he invested in altcoins, Defi or NFT instead of bitcoin. It appears this article shows that the argument might be correct. The article was published on November 3, 2022, however. It presently might not give us the same conclusion. Microstrategy Could Have Pocketed $1.3B if Saylor Had Bought ETH
Defiant Data Crunch Shows Ether Would Have Paid Off Nicely for Software Maker
Microstrategy would have earned almost $1.3B from a stash of Ether worth $5.3B today, according to The Defiant’s analysis of data from CoinMarketCap and BuyBitcoinWorldwide tracking the firm’s Bitcoin buys. Thanks largely to The Merge, Ethereum’s native token has soared 51% since June 30 compared to Bitcoin’s 7% increase, according to Defiant Terminal data.
The Virginia-based company would have also been earning passive yield by staking ETH. Staking Rewards estimates that Ethereum stakers are earning 4.67% annually, which would equate to $246M at the current ETH price.
Moreover, analysis from Flashbots indicates that stakers running its MEV-Boost software earn 135% more than those who do not. Boosted rewards on a $5.27B stake could net more than $527M each year if ETH’s price is steady.Read in full https://thedefiant.io/saylor-ether-bitcoin |
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Saylor has always made the wrong decisions after 2020. What type of decisions? Meanwhile, we all btc holders have made a wrong decision too if we havent sold anything since last year hoping for a rally which never came.  Buying decisions. After most of Microstrategy's announcements that they have bought bitcoin, the price has fallen. These types of decisions are expected for us because we are the stupid money. Michael Saylor is the smart money. Also, @Lucius argued jokingly that Michael Saylor should have invested in Defi, NFT and different types of shitcoins instead of bitcoin to have a better return on his investment. It appears that @Lucius might be correct. I found something. I will create another thread and avoid this one to be offtopic. |
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If we use Michael Saylor as a market indicator, it appears @ImThour's 50% dump might become true hehehehe. After every purchase of bitcoin Saylor has made after 2020, the price has always fallen down after. I have never witnessed someone who is supposed to belong to a group of people called smart money to have made this much wrong investment decisions.
Why would anyone use such a meaningless indicator to try to estimate in which direction the market will move? Until recently, you considered Bankman to be one of the most intelligent people in the world of cryptocurrencies (need I quote you again?), and now you think that Saylor was wrong (and still is) in his investments when it comes to Bitcoin? Maybe he should have invested in NTF, DeFi or various shitcoins, so today he would have solved all his worries because he would have lost all the money he invested... A smart person who also has money for investments invests for the long term, so what seems wrong to you today will probably turn out to be a very profitable investment in 1-2 years. It appears someone did not get the joke or does not see how Michael Saylor is presently a running joke in the cryptospace. However whether it is a joke or not, Saylor has always made the wrong decisions after 2020.  Also on Sam Bankrupt-Fried, I reckon I was also the first person to speculate that FTX was going to bite the dust. I speculated him to be the next king in the cryptospace after Changpeng Zhao. I never considered him to be the most intelligent. |
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As far as I know the days of no-KYC bitcoin debit cards are over. Regulations are simply far more stricter today than years ago. Back then we had decently reputable ones like Wirex and Xapo, but today? I'd be highly skeptical of such services that doesn't require KYC.
Agreed and if @libert19's suggestion is also really a reputable debit card, how long can they stay no KYC before taking action and ask for their users for KYC to go through the compliance nightmare imposed by the regulators? My suggestion would be to use the debit card for small amount of coins only. If you need to store them to a centralized service, send only an amount you are willing to lose. |
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If we use Michael Saylor as a market indicator, it appears @ImThour's 50% dump might become true hehehehe. After every purchase of bitcoin Saylor has made after 2020, the price has always fallen down after. I have never witnessed someone who is supposed to belong to a group of people called smart money to have made this much wrong investment decisions. In a recent filing with the Securities and Exchange Commission (SEC), the business disclosed a purchase of about 2,395 bitcoins made with cash, at an average price of some $17,871 per bitcoin, inclusive of fees and expenses.Source https://cryptonews.com/news/michael-saylor-continues-invest-bitcoin-with-428-million-purchase-through-microstrategy.htm |
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Following the Sam Bankman-Fried case. Court records show he purchased Robinhood shares with $546 million through Alameda Research and following the FTX's bankruptcy, the US government opens an inquiry into the $372 million cyberattack because the issue happened by surprise right after the FTX exchange filed for bankruptcy which is totally fishy.
Everything about FTX, Sam Bankrupt-Fried, Caroline Ellison and Gary Wang have become one confusing disorder of information and confusion. There was also new information only a few days ago that FTX has also been mixing some coins then converting them to bitcoin through changenow.com. Another update is that it was discovered that FTX and Alameda had a shell company called North Dimension where it was the intermediary when FTX wanted to send customer funds to Alameda. I am going to stop following this FTX case now hehe. Every news release to the public appears to be created to confuse everyone. |
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Simple comes from China. So how do you explain to me that mining has returned to China? Again very simple, don't think that there are small miners with some asic but rather think that the government itself is involved in mining and favors some huge mining pool otherwise how do you explain that 20%?
That's a possibility [direct involvement of the government or even the corrupt officials that accept bribes], but I think most of this percentage belongs to the actual miners that have underground farms and from the following year-old article, you can see some of their ways for remaining under the radar: Inside China’s underground crypto mining operation, where people are risking it all to make bitcoin [refer to "Running an illegal crypto mine" and "Techniques to stay undetected" sections]The Chinese people are also very corrupt. It would not be very shocking if there are Chinese politicians on a local government level who are being bribed by operators of underground mining farms. Mining bitcoin illegaly would also certainly make their mining operations cheaper than if they went through the legal process if the ban did not take place. The effect of the ban was also very positive for Chinese underground miners. It helped them destroy their competition hehehe. |
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Also will be going with Dallas tonight but the ML is very bad and not worth it to take alone.
So the betbuilder would be the better choice when placing your bet on this match.
Tennessee aren't looking good at all and even Henry I believe is out of the lineup so you know they will lacking their best players for this match too.
Think I will take a Dallas win with Dak passing over 1.5 touchdowns and the over on points too.
Every team is looking better than the Buccs right now.
They only score on average about 20 or less a game. And that can't help them if they even make it into the post season.
However, the Cowboys have won their slot in the post season already. They might not want to risk some players getting injuries by playing very hard for this game, I reckon. Also, do the Titans still have the chance to get their own playoff slot? They will be playing much harder to get it. The handicap of +13.5 for the Titans might be more than covered. Buccaneers presently have a distracted Brady. Divorced by his wife and $650 million of his money in the blackhole created by Sam Bankrupt-Fried hehehe. |
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Congratulations to both of our finalists! I will not pretend that I am not disappointed. I thought the finals was already a certainty for me.  I overestimated my team and I also thought they would give me the same level of performances to the end of the regular season. I also stopped reading the news and other updates on the players. I also stopped checking the waiver wire until it was too late. I wish next season was tomorrow already hehehehehe. |
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I've already read this news more than a week ago. But what made me curious beyond anything else was that Forbes is publishing an article which is detrimental to Binance despite the fact that Binance partly owns it.
If plans actually pushed through early this year, Binance acquired $200 million stake in Forbes. At that time, I assumed it was CZ's strategy not only to diversify his empire but also so that this influential media company would be shutting up its mouth regarding Binance or CZ or crypto in general.
But now, this. This paints Binance not only as a platform for criminals but also as a platform that works directly and actively with the DEA and other government agencies, sharing users' private information to track them down.
Although the article also somehow put Binance in a good light, albeit mostly to authorities, by making it appear as if the platform can't be used for illegal activities, I think it is done at the expense of its users and its image. But it seems Binance's priority right now is to appear clean in front of regulators. If this is a deodorizing effort, it's probably an urgent one considering that it might actually be facing criminal charges over violations on money laundering.
If CZ is sentenced with criminal charges, who will be the next biggest warlord in the cryptospace? There is no other person that can be speculated except Justin Sun, I reckon hehehe. It is also rumored that he has exchanged $2 billion of USDC to USD through Circle and has withdrawn this in his own bank accounts. This is only the declared part of his wealth. I am quite certain the larger part of these cryptowhales' wealth are undeclared and siphoned off the cryptospace and sent to their anonymous selves in Swiss bank accounts. |
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That's quite unfortunate! I am concerned about what the future holds for Binance! They are already facing a federal investigation regarding money laundering, and this incident will allow the regulatory bodies and enforcement agencies to launch a full-scale investigation on Binance and eventually try to close their operations from US soil. Even though they are not directly involved in the drug trade, they will still face the heat. My concern is, that the ordinary public like us may see delayed withdrawals and suspensions due to all these nonsense matters. The cascading effect will be seen on the market which is already struggling with the falling price! Not ideal at all!
What is your favorite exchange? I would argue that all of our favorite exchanges are being used together with Defi to become one big, global moneylaundering ring for drug cartels and other criminal organizations. I would agree that it is unfortunate, however, it also shows everyone of one of the powerful use cases of the cryptospace. This is only similar to much of the world's greatest inventions. Cell phones can be used to detonate bombs, cars are used by criminals to escape, airplanes are used to carry bombs to drop on populated areas and many other use cases. |
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.... when the FTX fiasco is at its hottest CZ launched a bailout
hehe that makes him the good guy then? Didn't he also forced Sam's hand to buy back the Binance's 20% share in FTX at a huge profit? Some articles have written that CZ stonewalled FTX's plan to expand. He invested about $100 Million in FTX and sold it for about $2 Billion. I'm not surprised why investors thinks he may have caused the liquidity crunch. ....There have been rumors that Kucoin hold a significant amount of FTT. Kucoin has denied this, however, we cannot be quite certain on what is the truth or who is telling the truth anymore.
Nothing is showing up in my googles search. Can you share link of that rumor? You might be using the wrong search terms. I searched and found this in 1 minute. https://cryptoslate.com/kucoin-ceo-addresses-rumours-surrounding-ftx-ftt-exposure/In any case, it was mentioned first in social media, where some bitcoiners began speculating on what exchanges have exposure on FTX and FTT. Kucoin and Crypto.com were mentioned. @Lucius. Agreed, however, it is speculation and profit that also helped create the cryptospace, without this, it would not grow as much as it has. |
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What will happen with Solana later? Going down more?
Similar to what I have said in another thread, there are problems. Some developers are leaving for Aptos and Sui. Solana also shuts down when there is too much load, this appears to be a recurring problem. Also, the founders, do they remain commited to the project? I reckon if they do something similar to what Dan Larimer's team did with EOS, where they said they will leave the project to the community, I am certain this is a signal that they are leaving a sinking ship. |
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Also, yes you are correct in all of your arguments.
There's no need to be sarcastic, I'm not someone who always thinks he's right, but I guess everyone has the right to comment on any speculations, especially if they are based on rumours. As someone who is very well acquainted with what it means to invest in altcoins, I share my opinion about it, and considering your attitude towards DeFi, NTF and altcoins in general, it is clear to me that you do not like it. Personally, I think you are shaking your head a little too much, especially about very unimportant things   I am sorry but what were those unimportant things? I am striving to be more like you. If I see someone who spelled Grayscale as Gray Scale, I would certainly make a big argument out of it hehehe. In any case, we might not agree on many things, however, I was not being sarcastic when I said that I agreed to your reply about Barry Silbert not being more intelligent than Sam Bankrupt-Fried. But there is a difference, Sam created a ponzi scheme from the very beginning. Barry is not yet proven if he runs a ponzi scheme but the failure of Genesis Global Capital is a sign that he might be. @YOSHIE. Where is Justin Sun? Should he not be on that list? If their losses really went to him, it would not be very shocking if he becomes the new king of the cryptospace in the next few years hehehe. |
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It appears that some people are not spending that much this Christmas season. Is this a warning sign that more recession is coming? I reckon if this movie was released during December of 2020, this would make over $200 million in the box office.
Tbh I don't think that lower Avatar's lower box office number than expected had anything to do with upcoming recession. Personally, I think that Cameron waited a little bit too long for this sequel, 13 years is a very long time and sequels made so many years after the original are rarely successful so I think that even this numbers are pretty good and I do expect it to surpass $1.5 billion in the end. Agreed, part of it might be James Cameron's long wait for the technology to create the sequel. According to some friends who watched it, it was something similar to being in a theme park but the story of the movie itself was not very captivating. In any case, I watched The Fabelmans, Banshees of Inisherin and Everything Everywhere all at Once. The Fabelmans. It was boring only in the first 15 minutes. This is my favorite of the 3. Good story, funny movie that is based on Steven Spielberg's life before becoming a movie director. Banshees of Inisherin. Funny dialogue, however, it is dragging and it appears the writer does not know how to end the story. Everything Everywhere all at Once. It was not very good, I reckon. I am not quite certain why this movie is being pushed as an Oscar favorite for best picture. The sportsbooks do not believe it and they did not adjust the odds that much hehehehe. |
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Is it really that allowed on having at least giving sometime on doing all the things he do want before getting jailed totally? The do paid up the bail and i dont believe that it is really just good for
those limits or restrictions towards its actions and lots of questions raised up specially into those people who were affected with this FTX bankruptcy.
The picture do even shows that he is free as a bird with those actions and you cant blame out people on having those questions.
I'm honestly a little confused as Reuters/Yahoo! reported that the terms of his bail would mean he would have to remain indoors: Nicolas Roos, a prosecutor, told U.S. Magistrate Judge Gabriel Gorenstein that the bail package would require Bankman-Fried to surrender his passport and remain in home confinement at his parents' home in Palo Alto, California. He would also be required to undergo regular mental health treatment and evaluation. Are we sure this image of him at an airport is current and not from prior to his arrest? Or are they using a plane to send him back to his parents? Either way, he's not completely free. This part of the news article that says that he is required to undergo mental health treatment and evaluation might find something that will lower his sentence. If everyone remembers, some of the other news articles mentioned Sam and his team took amphetamines for more productivity when they were working in the office. However, there are some types of amphetamines that can turn some people into impulsive gamblers. I reckon Sam's lawyer can use this as a plead for a type of temporary insanity because he was under the influence of drugs. |
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Why do more people speculate that Kucoin is less risky than Kraken? There have been rumors that Kucoin hold a significant amount of FTT. Kucoin has denied this, however, we cannot be quite certain on what is the truth or who is telling the truth anymore.
Does anyone know something bad about Kraken that I might have ignored?
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