@exstasie. I disagree. Speculating about this is learning about the economics behind the cryptospace and we might have only begun to know the real story, I reckon. Also, the movie that can be made based on the real story behind this might put the movies The Big Short and Wolf of Wall Street on a lower level hehe. Read this article. Everything appears to be planned from the very beginning. Tether and Bitfinex are not the same corporation. Tether controls the issuance contracts for all USDT in circulation on all blockchains, but Bitfinex manages the backing assets.
If Tether dies, the keys are passed on to another LLC and life goes on.
If Bitfinex dies, Binance can then make a deal with Tether to back the network with their own basket.
If Binance dies, Bittrex can then replace them.
If Bittrex dies, OKCoin can then replace them.
So while it’s obvious the market continues to shrink and must deal with the inevitable turmoil all of those exchange closings would create… USDT very well has every chance of outliving all of them.
That’s it. Tether wins.Source https://bryceweiner.medium.com/hopes-expectations-black-holes-and-revelations-or-how-i-learned-to-stop-worrying-and-love-7747cf8ea11c |
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@Sithara007. I did not imply Paypal can control bitcoin. I said Paypal wants to control the way bitcoin is used. They are taking the most important properties of the currency and transformed this into a censorable token for speculative gambling for their users. Is this adoption?
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@Hueristic. Agreed! However, it does not cover the spread for the people that gambled on the Ravens. The spread was Baltimore -3.5, was it not? I might be wrong.
The fans in the stadium gambled risk on the coronavirus for this heartbreak hehehehe.
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Wild game, yes! This might go to overtime!
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@suchmoon. It appears Lamar might play again. He is seen on the side being given his helmet hehe. Their running back might be injured, however.
In any case, touchdown for Ravens. They win the game.
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@suchmoon. I have the game playing on mute while reading some bitcoin news. What happened?
The Browns will win this game if they make this touchdown. It is right now 4th quarter 7:00.
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Charles Oliveira surprised me by completely dominating Tony Ferguson, i thought he could have stopped Tony Ferguson in the first round if there was a few seconds more as the armbar was nasty.
I see no fire in Tony Ferguson eyes in his last two fights. Imo, he seems to fight like he is forced somehow to do it. Maybe by financial situation, maybe because he is tired to be not fighting, maybe he has not fully mentally recovered yet. Tony was loaded to fight back in 2018, during first cancelation of fight against Khabib. Now the sparkles went out. And btw, by looking how he sucked at wrestling against Oliveira and that armbar, I remember how he told Khabibs wrestling is nothing. Khabib would have submitted him in first two rounds. Similar to how Anderson Silva has never recovered after his first loss to Chris Weidman, I reckon we are also witnessing it with El Cucuy. He might not be the same person.  |
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@aesma. I reckon the invisible men hehehehe. In any case, news reminder. Tether, iFinex, Digifinex, Bitfinex are now in a very difficult situation. The New York supreme court has rejected their motion to dismiss the case and they need to supply the documents, bank records and accounting for Tether's issuance. Records Tether cannot or will not produce. This supreme court decision to put them back on trial was made on July. I am not certain why there is no bitcoin news media outlet covering this. The judges lay out initially that this appeal was absolutely meaningless from the start, and nonetheless take the time to lay out why each of Bitfinex’s arguments are invalid.
They begin (as shall I) with Tether’s argument that it is neither a security or a commodity and as such these activities surrounding Tether are not covered under the Martin Act. The judge strongly disagrees.
The first point laid out here is explaining that Bitfinex did not appeal correctly to challenge the NYAG jurisdiction, and instead in effect were trying to appeal the right of the Supreme Court to hear an application for this type of order.
The second point follows along with this one to emphasize that they did not appeal the order they appear to have a problem with.
The third point, is laying out even if they had handled this appeal correctly Tether would still be found to be covered under the Martin Act.
After settling the issue of whether Tether was neither a commodity a security they addressed the argument by Bitfinex that the New York Supreme Court lacked personal jurisdiction. In this argument Bitfinex tried to claim that there was insufficient link between their activity in New York and the alleged fraud. The judge did not find this argument convincing at all.
In conclusion, this case has been moved from the appellate court back to trial, Bitfinex and Tether must hand over the documents requested, and they are now in an extraordinarily difficult position.Source https://bennettftomlin.com/2020/12/06/analysis-of-the-new-york-supreme-court-remittitur-in-the-tether-and-bitfinex-new-york-attorney-general-case/ |
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I'd also add that Facebook's coin "Diem" (not Libra)*** might as well just be an entry in a database for all the "innovation" it brings. It is centralized, censorable, blocked at a border, tied to fiat, can be frozen at the whim of whatever government can pressure FB. It might just be that FB not liking what you are posting or disagreeing with you. As the last few years have shown, these huge companies (FB, Twitter etc) are behold to the governments and political parities. Do something they don't like, "well your coins are frozen and you can't move them or cash out. Recourse? None since they aren't regulated banks." Members of the association will be able to see, extract and analyze the items in the Diem ledger - think they are following you now with cookies? Then they'll be able to also track what you spend your coins on.
this the whole concept of money is about ownership, money is simply an imaginary piece of the real pie. Everyone pretends the money is as good as something with real value; it's a universal mirror of your stake in the economy, a token of ownership. so if someone else can control how you spend your money, then it's not really yours. People trade their labor for money, and the fewer choices you have with which to spend it, the more that your labor is essentially controlled by that someone else. traditionally, when someone controls how, where or when you work, or what you can trade it for, your role in that relationship has a specific name.... It can also be argued that Paypal is doing their adoption of bitcoin similar to the centralized controlled facebookcoin, however, worse. Paypal wants to control how bitcoins are used while much of the people in the community celebrate and think this is adoption.Is the specific name called a slave hehehe? |
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It appears that there might be a stronger argument for Josh Allen to be the NFL regular season's MVP after watching the game. Last year I predicted Lamar. I will declare myself bitcointalk.org's regular season MVP futures whisperer if it is really Allen for this season hehehe.
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If XRP is centralized, how come Ripple won't simply prevent him selling it?
The reason might be because there was an agreement that involved lawyers and papers signed. They needed to control Jed and at the same time Jed needed assurance that he can dump without legal repurcussions. Jed would never need permission if it was decentralized. So at any time Dumping of XRP may happen?is this what can happen?though we are not accusing Jed of this yet the Possibilities are there? sorry for Noob question i just find it interesting. Anyway the Spark airdrop is ending soon,Will Ripple stays this low?opposite from expectation of others.though its their fault expecting too much for a crypto coin. Jed cannot anytime. There was an agreed limit on how much Jed can sell every week during the first years until he can sell up to 2 billion XRP per year on the 7th year and remainding years. The agreement was signed on 2014. There are sources about this on the internet. |
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@Darker45. This is why I speculate that Kucoin will begin to become stricter on their users and have adviced to avoid it for the time being because users might have a difficult time on withdrawals without warnings or announcements. Also now Huobi.
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I share your enthusiasm. It does seem like things are lining up for a great 2021, go BTC. Many of my friends are now talking about BTC, and they don't even know I own some. LOL
I am afraid that similar to 2017, when your friends begin asking about bitcoin and they want to begin buying it, this might be the first signs for the whales to begin dumping on them hehehe. |
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@eaLiTy. However, after El Cucuy's painful loss in the fight vs. Justin Gaethje, this is giving the fans with more questions in his confidence and his skill. He was not only defeated, he was broken by Justin for the first time in his career.
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Have I mentioned how much I hate Cam?
He has single handedly made me hate football this year.
Hehehehe who will not be the Patriot's quarterback on 2021? Immediately I like the following for Sunday, but I'm gonna think a bit deeper about it before placing a bet.
Cleveland +2.5
Washington +3
Miami +7
Tennessee -7
Is the defense of the Dolphins good enough to cover the spread? I have not yet checked the list of injuries for the Chiefs, however, I am very surprised on why this is only -7 for them. Should it not be more than -13.5? |
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If XRP is centralized, how come Ripple won't simply prevent him selling it?
The reason might be because there was an agreement that involved lawyers and papers signed. They needed to control Jed and at the same time Jed needed assurance that he can dump without legal repurcussions. Jed would never need permission if it was decentralized. |
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@adaseb. Similar to what you mentioned, institutional investors are like the people of 2017 who applied for personal loans, mortgaged their houses and borrowed money where they can to buy bitcoin to strike while the iron is hot hehehe.
However, the difference is the institutions have their corporations to issue debt to gamble on the market. We might also be tricked to think that this is adoption.
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Other than the potential drop nothing would really stop them taking loans against their funds to get more...
It's the same with defi though, you could stake 1btc and get 0.66 back in cash to buy btc again and get 0.44 in cash, 0.29, 0.19, 0.12, 0.08, 0.05, 0.03, 0.02...
Your 1BTC gives 2.88BTC exposure... But this is all leverage is - although this would cost 0.26 at 9% for a year in interest. Much cheaper than most if not all leveraged options out there.
Agreed. It appears that it is slowly being accepted to create bitcoin as something similar to ponzi schemes where investors put money in a hole of a black box and more money comes out from the other hole hehehe. |
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Whoever bans crypto currencies can quickly become irrelevant. Stuck with their burning fiats.
I seriously hope its not my country.
France is already been on fire for about 3 years, what's left?
Certainly might be good to get the coins stowed away for now.
Agreed. However, they would not ban bitcoin and they might ban Monero because transactions cannot be traced. The government can use the terrorist funding storyboard on it and order exchanges to delist it. Also, the government controls the banks and the exchanges need banking partners. I reckon the cat and mouse game is only beginning. |
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If Michael Saylor was not a billionaire, he might be like this bitcoin newbie who is loaning cash with his credit card, taking personal banking loans and asking friends and family for cash to gamble on bitcoin hehehe. Business intelligence software company MicroStrategy has announced it is offering $550 million worth of convertible senior notes and intends to use the net proceeds to buy bitcoin.Source https://www.theblockcrypto.com/linked/87120/microstrategy-550m-convertible-notes-bitcoin |
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