@zasad@. Another the first Defi hack of the year for you to tally for 2021 hehehe. You have to assume that the development teams have fixed all the bugs from their systems. However, no. The hackings continue. Yearn developer banteg, one of the administrators of the DeFi project's website, followed with a few more details: "Yearn DAI v1 vault got exploited, the attacker got away with $2.8m, the vault lost $11m. Deposits into strategies disabled for v1 DAI, TUSD, USDC, USDT vaults while we investigate."Source https://decrypt.co/56659/14-million-gone-in-yearn-finance-exploit |
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@VintageBazaar. Your suspicions might be very far away from the truth. This might be regulatory pressure by the government. I speculate exchanges that have not yet asked for KYC will begin acting similar to Bittrex because those exchanges have been used liberally for money laundering. Bittrex might only be cleaning their exchange from accounts suspected used for money laundering. There will be innocent accounts locked as casualties of this, however.
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This part was particularly rich: “So, clearly, if digital money is to exist, the central bank must play a pivotal role, guaranteeing the stability of value, ensuring the elasticity of the aggregate supply of such money, and overseeing the overall security of the system,” he said.
In other words, it hasn't really improved from the current situation of fiat. It has just gone digital. The corrupt central bank's role is still there, and theirs is the power over value, theirs is the power over supply, theirs is the power over security which could be translated to control, and so on. However, whether we like it or not, it will be the central bank-issued digital fiat which will reach mainstream adoption quickly, even overnight. It has the backing of the law so there's not much the masses can do really. They also have the infrastructure and the masses’ minds captured on the answer of what is currency?The way how the institutions and money services similar to Paypal are treating bitcoin like a new Tulip mania 2.0 is also not helping bitcoin’s cause as a currency. |
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It appears that it has begun already. I speculate that Bittrex is moving in advance and preparing itself to avoid regulatory problems. I reckon next requirement from you would be your assets information and annual income. If you do not meet a certain level of income, they might limit your account.
This might become the standard requirement for all exchanges.
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This is certainly bullish for Paypal. However, I also predict a bullish jump in Gambler’s Anonymous registrations and attendance. Paypal has turned their users into cryptocoin gamblers hehehe.  Customers who purchased crypto through the platform have been logging into PayPal twice as much as they were before buying crypto, the company said in its investor update.Source https://www.coindesk.com/paypal-2020-results-outstanding-finish-to-a-record-year |
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@mindrust. I also presented that idea. It is very possible that exchanges are given USDT as loans to be paid later. This also implies that what is presently backing the cryptospace market is debt.
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Nobody is buying Proper 12 whisky because they think it's better than all the rest; they're buying it because it's Connor's and the stock in that brand will decrease drastically if he walks away.
Nobody buys Proper 12 because it cost a lot. This blend cost as much as decent single malt, which quality is way greater than Proper 12. Proper 12 is like Jack Daniels, but cost 20-30% more. I like how our local retailers increase Proper 12 price every time Conor fight, and add a discount  But thanks to Conor, now everyone tried to produce something. Dana White - Howlers head, Poirier - sous for example, Khabib - mobile carrier "Eagle Mobile". Also there is Jorge Masvidal's tequila and according to a news item last year, Jon Jones had an open bottle of this on the seat of his car when he was caught drunk driving again hehehe. In any case, I predict Dana's next storyboards might be Conor vs. Nate in the welterweight division. Michael Chandler vs. Justin Gaethje and Dustin Poirier vs. Charles Oliviera. |
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@ChiBitCTy. Everyone will be betting on the Buccaneers because it is Tom Brady. Everyone will also bet on Tom Brady as superbowl MVP because yes, it is Tom Brady hehehehe. However, if they win, I reckon it would be because of their defense similar to what they did to Greenbay. Shaquil Barret is a good candidate for this.
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Where were the 2 of you when I needed to be defended from being accused of creating FUD on tether hehehe. It also appears some of those people who are on the side of tether are telling me that tether is shady, however, its takedown will not start another bear market. How can this be? It might begin a complete government crackdown on everything in the cryptospace.
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What is the threat of bitcoin and private cryptocoins on the present state of affairs in banking? I reckon illegal payments, money laundering and tax evasion. The government and the banks do not want to give the people of such power to overstep the law. They also do not want competition on their money laundering schemes and other financial schemes hehehe.
This is why I think the ICO as an idea is very important. Also, Defi as an idea is important. However, the projects we have at present are making it appear that the idea is a scam.
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We do not have to pretend this is not manipulation because it certainly and clearly is manipulation. There is an XRP pump group formed in Telegram with presently 200,000 members that will begin the pump later. https://t.me/pumpxrpthen they must be have a big whales, but honestly, top 5 coin have a pump group such this seems nonsense to me . It appears you are correct. The planned pump never occured on the time and date they announced. The worst is XRP was dumped on the followers. It was only a scam. Wallstreetbets has never liked the cryptospace. Why would they pump cryptocoins? |
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He looks strangely similar to the character villain the Kingpin in the Marvel comic books. Maybe he was hired for this role because of this kingpin banker look hehehe.  |
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@mindrust. No, I agree with much of your arguments. We might agree on many things about tether, I reckon hehe. Go to my big short thread in the speculation subforum. I tried arguing every speculation of what might occur based on facts, however, some people call it FUD. I am shaking my head, why?
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Bitcoin has surged this week, climbing after Tesla TSLA -5% chief executive Elon Musk gave the cryptocurrency a tacit endorsement.
Musk sent the bitcoin price sharply higher as a long-running battle between bullish retail traders organised via Reddit's WallStreetBets forum and Wall Street hedge funds that have long been shorting GameStop shares reached its climax—with regulators and brokerages trying to calm frantic markets with heavy-handed restrictions. https://www.forbes.com/sites/billybambrough/2021/01/30/bitcoin-price-data-reveals-bitcoin-could-be-about-to-become-the-new-gamestop/Oh Billy, another one from your side. Your friends cannot do what has been done to GME on BTC markets. They cannot be shut down, let alone get closed. It was too juicy for you to refrain commenting the GME drama in relation to BTC but your words shall not pass. I don't get the sense from the article that the author is saying BTC markets can be shut down (aside from any on Robinhood, of course). The main commentary just seems to drawing parallels around the price surge and the part where some institutional investors have left themselves in a precarious position with shorts that are currently losing them money. Agreed. I also read the article as a moderately positive one for bitcoin, however, without the author showing where his bias was. I would speculate that Billy wants to witness a short squeeze on bitcoin hehe. |
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We do not have to pretend this is not manipulation because it certainly and clearly is manipulation. There is an XRP pump group formed in Telegram with presently 200,000 members that will begin the pump later. https://t.me/pumpxrp |
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However, if he had begun buying bitcoin and holds many, I reckon he would be telling everyone a different story. This will happen to everyone. The rich, the poor and also Michael Saylor hehehe. Michael Saylor from 2013 on bitcoin.  |
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https://www.coindesk.com/agustin-carstens-bitcoinThe chief banker at the bank for central banks, Agustín Carstens, cast doubt on bitcoin’s long-term viability Wednesday, saying it was only a matter of time before a 51% attack brings down the world’s original cryptocurrency.
...“Above all, investors must be cognizant that Bitcoin may well break down altogether. Scarcity and cryptography alone do not suffice to guarantee exchange,” he said.
...
This part was particularly rich: “So, clearly, if digital money is to exist, the central bank must play a pivotal role, guaranteeing the stability of value, ensuring the elasticity of the aggregate supply of such money, and overseeing the overall security of the system,” he said.
Perhaps he should (a) be more cognizant about what he is putting into his mouth (it isn't healthy) and (b) what is coming out of it when he clearly doesn't know what he's talking about. My suggestion would be that he read more prior to pontificating. Hehehe he is only speaking to let his masters hear that the BIS and all the institutions that are connected below and with it will not become irrelevant. The invention of bitcoin is a clear sign that there will be unpleasant times for the banking sector. |
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