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1085
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ZEC] ZCASH - All coins are created equal. Discussion Thread (Unofficial)
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on: September 15, 2019, 01:40:30 AM
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zooko and his pals need to stop fucking dumping all their ZEC.
Could be the miners also. Zec miners have very weak hands and no patience to hold off for better days. I'd not agree with that, due to the fact that the ASICs that are mining ZEC are way too efficient. With the current (low) value of ZCash, the Antminer Z11 is still making very solid $7.5 worth of ZEC every 24 hours, with about 1400 Watts of power. Even the rate of 10 cents for each kWh makes it look quite profitable. |
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1094
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Economy / Exchanges / Re: US support of Binance's coins across Coinbase, Bittrex, Polo, Kraken, Huobi, etc
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on: September 12, 2019, 02:51:12 PM
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Listing pumps? Well, it didn't happen in the case of Binance Jersey: However, I smell some real trouble for the coins I've listed in OP. See, Binance Jersey was launched back in January. After all these (six) months, no coin other than ETH, BTC, and BNB is listed there (LTC got listed there today). Similarly, we'll probably only see the very few majors in the start at the US version of Binance, and getting the listing of other sh!tcoins (especially the ones that aren't a part of top ten projects by marketcap) can take years.
Even after 9 months of launch, Binance Jersey trading pairs consist of only BTC, ETH, LTC, BNB, and BCH.  The Jersey exchange was intended to "help bridge the crypto-fiat channel for Europe and the U.K." European and UK traders were never barred from using Binance.com. That's what makes this a distinctly different case. The US site is meant to function not only as a fiat gateway but also as a replacement for Binance.com. That's why I think they felt the need to suggest that dozens more listings are coming in their blog last month. A very good point, and it seems like the following tweet proves it:  CZ is already working on phase two of the US platform! |
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1095
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Binance: $BNB The Future of Exchanges.
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on: September 12, 2019, 02:28:06 PM
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Very limited number of coins only, you are right, why there's no BNB when it's the product of the exchange? Would this mean that the old Binance set up is better the Binance US because with the old set up, traders has a lot of choices to trade in the altcoins marekt. Actually, it's not going to be very easy for US Binance to list BNB because of: I find it a bit weird BNB isn't considered to be somewhere in security territory. It was launched with an ICO and its value hangs on the success of one corporation. I suppose it's not ownership of Binance as such but it's one hell of a long way from something like BTC.
Binance is playing with fire with that one. They burn BNB based on profits made -- lowering the circulating supply -- so it seems like there is indeed an expectation of profits. These are the four metrics of the Howey Test. BNB seems to fit every one: - It is an investment of money
- There is an expectation of profits from the investment
- The investment of money is in a common enterprise
- Any profit comes from the efforts of a promoter or third party
Arguably, they issued unregistered securities to US persons. I also don't think that's the only area where they have legal exposure to the SEC. |
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1098
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Economy / Exchanges / Re: US support of Binance's coins across Coinbase, Bittrex, Polo, Kraken, Huobi, etc
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on: September 11, 2019, 08:08:35 PM
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~snip~
5 coins + tether? what an epic disappointment! launching with less markets than coinbase seems like a horrible way to generate hype. i guess they are desperate to recapture USA traders ASAP because liquidity is leaving binance.com in droves now.
i also wonder if they're launching this way so they can engage in listing pumps. supposedly they're gonna keep adding coins:
Listing pumps? Well, it didn't happen in the case of Binance Jersey: However, I smell some real trouble for the coins I've listed in OP. See, Binance Jersey was launched back in January. After all these (six) months, no coin other than ETH, BTC, and BNB is listed there (LTC got listed there today). Similarly, we'll probably only see the very few majors in the start at the US version of Binance, and getting the listing of other sh!tcoins (especially the ones that aren't a part of top ten projects by marketcap) can take years.
Even after 9 months of launch, Binance Jersey trading pairs consist of only BTC, ETH, LTC, BNB, and BCH. After trading launches for this first phase, we will be continually adding to the selection of digital assets available for verified users to deposit and eventually trade on Binance.US. Trading availability of the digital assets we’re exploring will be based on our Digital Asset Risk Assessment Framework. the first condition makes it sound like privacy coins and obvious securities are off the table.  |
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