ChartBuddy
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November 29, 2022, 01:01:17 AM |
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philipma1957
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'The right to privacy matters'
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November 29, 2022, 01:18:21 AM |
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blocked again
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BitcoinBunny
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Far, Far, Far Right Thug
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November 29, 2022, 01:28:39 AM |
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Christmas at 54. Not bad. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Finstagram.fltn3-2.fna.fbcdn.net%2Fv%2Ft51.2885-15%2F317059043_1446280515860702_2041960785200805560_n.jpg%3Fstp%3Ddst-jpg_e35_p1080x1080%26_nc_ht%3Dinstagram.fltn3-2.fna.fbcdn.net%26_nc_cat%3D102%26_nc_ohc%3D_ntkw4n5EV8AX_K2li-%26edm%3DAP_V10EBAAAA%26ccb%3D7-5%26oh%3D00_AfD2nQaltoVqDgKw361O9qw27sH3O0_k2rn6W5E9rR-AUQ%26oe%3D6389BBF2%26_nc_sid%3D4f375e&t=665&c=5yvg0KXmGZUxFA)
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Hueristic
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Doomed to see the future and unable to prevent it
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November 29, 2022, 01:33:15 AM Merited by BobLawblaw (2) |
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Christmas at 54. Not bad. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Finstagram.fltn3-2.fna.fbcdn.net%2Fv%2Ft51.2885-15%2F317059043_1446280515860702_2041960785200805560_n.jpg%3Fstp%3Ddst-jpg_e35_p1080x1080%26_nc_ht%3Dinstagram.fltn3-2.fna.fbcdn.net%26_nc_cat%3D102%26_nc_ohc%3D_ntkw4n5EV8AX_K2li-%26edm%3DAP_V10EBAAAA%26ccb%3D7-5%26oh%3D00_AfD2nQaltoVqDgKw361O9qw27sH3O0_k2rn6W5E9rR-AUQ%26oe%3D6389BBF2%26_nc_sid%3D4f375e&t=665&c=5yvg0KXmGZUxFA) I'd do her but looks like the definition of high maintenance to me.
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newbtc101
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He is mostly right, although I don't believe that US-based VCs would not invest offshore IF SEC put screws on "crypto" in US. It is very easy for them to spawn a subsidiary on some island and proceed from there. BTW, Fidelity already opened up some beta site for retail investment in something they call "bitcoin", but, apparently, you cannot withdraw such 'bitcoin", lol. Fake bitcoin would be the next "thing" among banks, me thinks. I read that twitter story by Mark Moss and I should apologize in advance if my questions are way too newbish... I am very new to crypto I invested in btc and some altcoins and I really believe that btc is the future. While this Mark's does make sense to me, I have had some questions though... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Since SEC is a regulating authority, shouldn't it its decisions be approved by both senate and congress before going public which seems hard to me since they belong to two different parties now? What about btc forks (I know most of them is a total crap) - how would SEC decide which of them is a security and which not? On a larger scale - all real POW projects - how to spot a security vs non-security. It just seems to me very time consuming job for SEC given that lengthy battle against XRP... My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Any insights would be appreciated.... PS I also anticipate a bunch of lawyers from large crypto projects suing SEC obviously they dont want to loose their money because of SEC
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Biodom
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November 29, 2022, 01:53:30 AM |
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He is mostly right, although I don't believe that US-based VCs would not invest offshore IF SEC put screws on "crypto" in US. It is very easy for them to spawn a subsidiary on some island and proceed from there. BTW, Fidelity already opened up some beta site for retail investment in something they call "bitcoin", but, apparently, you cannot withdraw such 'bitcoin", lol. Fake bitcoin would be the next "thing" among banks, me thinks. I read that twitter story by Mark Moss and I should apologize in advance if my questions are way too newbish... I am very new to crypto I invested in btc and some altcoins and I really believe that btc is the future. While this Mark's does make sense to me, I have had some questions though... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Since SEC is a regulating authority, shouldn't it its decisions be approved by both senate and congress before going public which seems hard to me since they belong to two different parties now? What about btc forks (I know most of them is a total crap) - how would SEC decide which of them is a security and which not? On a larger scale - all real POW projects - how to spot a security vs non-security. It just seems to me very time consuming job for SEC given that lengthy battle against XRP... My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Any insights would be appreciated.... PS I also anticipate a bunch of lawyers from large crypto projects suing SEC obviously they dont want to loose their money because of SEC good questions... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Because both parties are throwing 100 of mil (minimum) at each other. i don't really know the current score. If XRP to disappear, bitcoin would not be affected. the question of forks is not relevant anymore due to their size or the lack of it. My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Why is this? It's all Howey-test based idiocy anyway. The world DOES NOT care about security/not security...it's SEC who are obsessed over it due to, I guess, the desire to "regulate" everything. If you are angling to predict when is the good time to invest (if ever), then you will never DO IT. Your loss.
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ChartBuddy
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November 29, 2022, 02:01:17 AM |
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newbtc101
Jr. Member
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Activity: 45
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He is mostly right, although I don't believe that US-based VCs would not invest offshore IF SEC put screws on "crypto" in US. It is very easy for them to spawn a subsidiary on some island and proceed from there. BTW, Fidelity already opened up some beta site for retail investment in something they call "bitcoin", but, apparently, you cannot withdraw such 'bitcoin", lol. Fake bitcoin would be the next "thing" among banks, me thinks. I read that twitter story by Mark Moss and I should apologize in advance if my questions are way too newbish... I am very new to crypto I invested in btc and some altcoins and I really believe that btc is the future. While this Mark's does make sense to me, I have had some questions though... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Since SEC is a regulating authority, shouldn't it its decisions be approved by both senate and congress before going public which seems hard to me since they belong to two different parties now? What about btc forks (I know most of them is a total crap) - how would SEC decide which of them is a security and which not? On a larger scale - all real POW projects - how to spot a security vs non-security. It just seems to me very time consuming job for SEC given that lengthy battle against XRP... My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Any insights would be appreciated.... PS I also anticipate a bunch of lawyers from large crypto projects suing SEC obviously they dont want to loose their money because of SEC good questions... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Because both parties are throwing 100 of mil (minimum) at each other. i don't really know the current score. If XRP to disappear, bitcoin would not be affected. the question of forks is not relevant anymore due to their size or the lack of it. My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Why is this? It's all Howey-test based idiocy anyway. The world DOES NOT care about security/not security...it's SEC who are obsessed over it due to, I guess, the desire to "regulate" everything. If you are angling to predict when is the good time to invest (if ever), then you will never DO IT. Your loss. But the world does care about the US financials including SEC... and FED's hikes clearly show it... unfortunately... I was not angling at a lower price for BTC and some altcoins, I am using a DCA strategy anyway. I personally think that now is a very good price to buy btc regardless of future SEC actions... However, my concern that SEC actions can put all crypto including btc into a bearish chaos... Does it make sense
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Popkon6
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November 29, 2022, 02:31:20 AM |
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Christmas at 54. Not bad. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Finstagram.fltn3-2.fna.fbcdn.net%2Fv%2Ft51.2885-15%2F317059043_1446280515860702_2041960785200805560_n.jpg%3Fstp%3Ddst-jpg_e35_p1080x1080%26_nc_ht%3Dinstagram.fltn3-2.fna.fbcdn.net%26_nc_cat%3D102%26_nc_ohc%3D_ntkw4n5EV8AX_K2li-%26edm%3DAP_V10EBAAAA%26ccb%3D7-5%26oh%3D00_AfD2nQaltoVqDgKw361O9qw27sH3O0_k2rn6W5E9rR-AUQ%26oe%3D6389BBF2%26_nc_sid%3D4f375e&t=665&c=5yvg0KXmGZUxFA) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8ZcDb1i.jpg&t=665&c=RBQqMGkGuEFqbA) Just Fun bro don't feel bad
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HI-TEC99
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November 29, 2022, 02:44:39 AM |
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Is SBF still speaking at that event tomorrow? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FKvvdGspC%2Fx12.png&t=665&c=um8dLSe4y3_S4g)
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philipma1957
Legendary
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'The right to privacy matters'
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 29, 2022, 02:50:34 AM |
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He is mostly right, although I don't believe that US-based VCs would not invest offshore IF SEC put screws on "crypto" in US. It is very easy for them to spawn a subsidiary on some island and proceed from there. BTW, Fidelity already opened up some beta site for retail investment in something they call "bitcoin", but, apparently, you cannot withdraw such 'bitcoin", lol. Fake bitcoin would be the next "thing" among banks, me thinks. I read that twitter story by Mark Moss and I should apologize in advance if my questions are way too newbish... I am very new to crypto I invested in btc and some altcoins and I really believe that btc is the future. While this Mark's does make sense to me, I have had some questions though... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Since SEC is a regulating authority, shouldn't it its decisions be approved by both senate and congress before going public which seems hard to me since they belong to two different parties now? What about btc forks (I know most of them is a total crap) - how would SEC decide which of them is a security and which not? On a larger scale - all real POW projects - how to spot a security vs non-security. It just seems to me very time consuming job for SEC given that lengthy battle against XRP... My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Any insights would be appreciated.... PS I also anticipate a bunch of lawyers from large crypto projects suing SEC obviously they dont want to loose their money because of SEC good questions... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Because both parties are throwing 100 of mil (minimum) at each other. i don't really know the current score. If XRP to disappear, bitcoin would not be affected. the question of forks is not relevant anymore due to their size or the lack of it. My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Why is this? It's all Howey-test based idiocy anyway. The world DOES NOT care about security/not security...it's SEC who are obsessed over it due to, I guess, the desire to "regulate" everything. If you are angling to predict when is the good time to invest (if ever), then you will never DO IT. Your loss. But the world does care about the US financials including SEC... and FED's hikes clearly show it... unfortunately... I was not angling at a lower price for BTC and some altcoins, I am using a DCA strategy anyway. I personally think that now is a very good price to buy btc regardless of future SEC actions... However, my concern that SEC actions can put all crypto including btc into a bearish chaos... Does it make sense The attacks will trudge on when eth shits the bed in late 2023 to early 2025 it is a wide spread of when eth death spirals
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ChartBuddy
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November 29, 2022, 03:01:20 AM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 29, 2022, 03:07:58 AM |
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I am all fine with proclaiming that something is not enough... yet? Do we want to go from zero to perfect? And, what is perfect? What would be perfect? Is perfect achievable? Is perfect even desirable? I am not saying don't do nothing, but still there are balances to any of these matters. Wouldn't progress be being made by first having all (or most) exchanges showing their bitcoin (showing what is verifiable, first?)? That would be a start, no? That would be a step in the right direction, no? Powell seems to be suggesting that it is totally worthless to show the reserves because it is not enough and it is misleading - but is it a step in the right direction? Do we believe that a company is going to show everything? Every single thing? Where's the incentive to show every single little thing? And where is the verifiability in terms of showing every single little thing? At least with bitcoin, and the bitcoin's blockchain there is verifiability.. and what else has anything close to the same level of verifiability as bitcoin? Everything else requires some level of trust, no? So I am not sure how you can show everything else without trust, so why not start with the verifiable aspects first.. and then once we get everyone showing the verifiable aspects (if that's even possible?), then we might be able to take some additional steps from there? Maybe some exchanges are willing to show some of the their liabilities, but getting to show everything seems a bit much to expect anyone to cooperate in doing or even to consider that we want that level of transparency? Then when is it going to stop? When are the disclosures going to stop? First institutions (such as exchanges) disclosing, but do the disclosures stop at that point, or then will we require individuals to disclose too? The point is CZ is a snake and he is trying to show how all funds are safu with sleight of hand akin to craig wrong signature scam. CZ is the one who started all this your funds are not backed that started the dominos and as I pointed out a few days earlier he had this all ready to go while he tried to goad armstrong into calling him out. But Jesse Powell (Kraken CEO) is not a fool and a true cypherpunk Idealist who has had his books open and audited for years is calling him out on his little maneuvers. I do agree it is cool to see some info being provided but now is the time to pressure that snake into FULL Disclosure. Especially since he is the one who started it and apparently thinks he has all his dominos lined up. https://www.youtube.com/watch?v=DelF6zEHXpEI have no problem with you presenting your point of view, but frequently we still need to take some of these characterizations of motives with considerable grains of salt - even if some angles might be more convincing than others. Yesterday, I was listening to The Bitcoin Matrix podcast in which Phil Gibson was proclaiming a kind of conspiratorial theory regarding so many players coordinating to cause the FTX crash - including asserting that CZ was in on the deal because CZ (Binance) was an initial investor into FTX. I appreciated several of the connections that Gibson was making, but still I thought that he was drawing too many conspiratorial lines for my own comfort levels And, today I was listening to another podcast (I cannot remember which one) in which I was reminded that FTX had paid back Binance in a combination of FTT token and also in BNB token - which highlighted that some of these off-shore exchanges are using a combination of token to make payments, including frequently using their own coin - which reminded me of a previous post that I had made to defend the BNB token and CZ, in terms of the BNB token being around longer and also my presumption that the BNB token was much better backed than then FTT token - and even though we can see a lot of these games, we cannot really know the extent to which the games are being played until shit really hits the fan.. and sure some of the tokens have BIGGER red flags than other tokens.... I am not sure exactly what my point is - except that I am reluctant to buy into very much of any of these stories - and I am not even suggesting that you, Hueristic, are buying too much into any one story - even though I feel that some of my leanings are slightly different than yours - even though each of us are surely working with incomplete information - and each of us only has so much time to be researching into these matters and trying to figure out for our own comfort levels regarding how much time we want to spend investigating various angles of these stories and how much weight to give to factual, logical and conclusory representations that we come across.
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tiCeR
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November 29, 2022, 03:30:46 AM |
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I am all fine with proclaiming that something is not enough... yet? Do we want to go from zero to perfect? And, what is perfect? What would be perfect? Is perfect achievable? Is perfect even desirable? I am not saying don't do nothing, but still there are balances to any of these matters. Wouldn't progress be being made by first having all (or most) exchanges showing their bitcoin (showing what is verifiable, first?)? That would be a start, no? That would be a step in the right direction, no? Powell seems to be suggesting that it is totally worthless to show the reserves because it is not enough and it is misleading - but is it a step in the right direction? Do we believe that a company is going to show everything? Every single thing? Where's the incentive to show every single little thing? And where is the verifiability in terms of showing every single little thing? At least with bitcoin, and the bitcoin's blockchain there is verifiability.. and what else has anything close to the same level of verifiability as bitcoin? Everything else requires some level of trust, no? So I am not sure how you can show everything else without trust, so why not start with the verifiable aspects first.. and then once we get everyone showing the verifiable aspects (if that's even possible?), then we might be able to take some additional steps from there? Maybe some exchanges are willing to show some of the their liabilities, but getting to show everything seems a bit much to expect anyone to cooperate in doing or even to consider that we want that level of transparency? Then when is it going to stop? When are the disclosures going to stop? First institutions (such as exchanges) disclosing, but do the disclosures stop at that point, or then will we require individuals to disclose too? The point is CZ is a snake and he is trying to show how all funds are safu with sleight of hand akin to craig wrong signature scam. CZ is the one who started all this your funds are not backed that started the dominos and as I pointed out a few days earlier he had this all ready to go while he tried to goad armstrong into calling him out. But Jesse Powell (Kraken CEO) is not a fool and a true cypherpunk Idealist who has had his books open and audited for years is calling him out on his little maneuvers. I do agree it is cool to see some info being provided but now is the time to pressure that snake into FULL Disclosure. Especially since he is the one who started it and apparently thinks he has all his dominos lined up. https://www.youtube.com/watch?v=DelF6zEHXpEI suppose he needs a gigantic audit team to consolidate his own numbers. Just look at his "corporate structure", if it can even be called "structure". It is absurd that to this date I believe he hasn't clearly stated where the headquarter is. It is not just about where they are registered. It is about how and where any issues could seriously be addressed. He doesn't care. When Malta said Binance has no license, he just moved on. The fact that Binance now established some headquarter in Paris is really puzzling. I don't know what happened behind the scenes and what guarantees Binance received from the French government, but when the decision between Ireland and France is made in favor of France, something must be going on. Is this where the company seriously pays tax? Or is this term "headquarter" now just the place where the biggest office with real people working there is to be found? What's the deal between the French government and Binance? I am asking myself whether CZ himself does even know off the top of his head how much in assets his messed up global corporate network even has. But with one thing I totally agree here: it is time to lay the cards on the table. Following the FTX collapse, tens of billions have been withdrawn from all kinds of exchanges. I wonder whether CZ caused a bank run that even he didn't really like. Or Binance is perfectly solvent and played this sneaky he had up his sleeves. Then again, I also wondered whether causing an exchange like FTX to collapse could also backfire in many regards concerning his own exchange. People withdrawing assets en masse, massive push for harsh regulation, also massive push for innovation in the DEX space etc.
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HI-TEC99
Legendary
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Activity: 2772
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He is mostly right, although I don't believe that US-based VCs would not invest offshore IF SEC put screws on "crypto" in US. It is very easy for them to spawn a subsidiary on some island and proceed from there. BTW, Fidelity already opened up some beta site for retail investment in something they call "bitcoin", but, apparently, you cannot withdraw such 'bitcoin", lol. Fake bitcoin would be the next "thing" among banks, me thinks. I read that twitter story by Mark Moss and I should apologize in advance if my questions are way too newbish... I am very new to crypto I invested in btc and some altcoins and I really believe that btc is the future. While this Mark's does make sense to me, I have had some questions though... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Since SEC is a regulating authority, shouldn't it its decisions be approved by both senate and congress before going public which seems hard to me since they belong to two different parties now? What about btc forks (I know most of them is a total crap) - how would SEC decide which of them is a security and which not? On a larger scale - all real POW projects - how to spot a security vs non-security. It just seems to me very time consuming job for SEC given that lengthy battle against XRP... My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Any insights would be appreciated.... PS I also anticipate a bunch of lawyers from large crypto projects suing SEC obviously they dont want to loose their money because of SEC good questions... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Because both parties are throwing 100 of mil (minimum) at each other. i don't really know the current score. If XRP to disappear, bitcoin would not be affected. the question of forks is not relevant anymore due to their size or the lack of it. My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Why is this? It's all Howey-test based idiocy anyway. The world DOES NOT care about security/not security...it's SEC who are obsessed over it due to, I guess, the desire to "regulate" everything. If you are angling to predict when is the good time to invest (if ever), then you will never DO IT. Your loss. But the world does care about the US financials including SEC... and FED's hikes clearly show it... unfortunately... I was not angling at a lower price for BTC and some altcoins, I am using a DCA strategy anyway. I personally think that now is a very good price to buy btc regardless of future SEC actions... However, my concern that SEC actions can put all crypto including btc into a bearish chaos... Does it make sense The attacks will trudge on when eth shits the bed in late 2023 to early 2025 ... Is that when they allow spending locked staked coins? Is that what this guy is talking about? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FMGYXDpS3%2Fx5.png&t=665&c=gJA9txhQx4WIaA)
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HI-TEC99
Legendary
Offline
Activity: 2772
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November 29, 2022, 03:59:25 AM |
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I am all fine with proclaiming that something is not enough... yet? Do we want to go from zero to perfect? And, what is perfect? What would be perfect? Is perfect achievable? Is perfect even desirable? I am not saying don't do nothing, but still there are balances to any of these matters. Wouldn't progress be being made by first having all (or most) exchanges showing their bitcoin (showing what is verifiable, first?)? That would be a start, no? That would be a step in the right direction, no? Powell seems to be suggesting that it is totally worthless to show the reserves because it is not enough and it is misleading - but is it a step in the right direction? Do we believe that a company is going to show everything? Every single thing? Where's the incentive to show every single little thing? And where is the verifiability in terms of showing every single little thing? At least with bitcoin, and the bitcoin's blockchain there is verifiability.. and what else has anything close to the same level of verifiability as bitcoin? Everything else requires some level of trust, no? So I am not sure how you can show everything else without trust, so why not start with the verifiable aspects first.. and then once we get everyone showing the verifiable aspects (if that's even possible?), then we might be able to take some additional steps from there? Maybe some exchanges are willing to show some of the their liabilities, but getting to show everything seems a bit much to expect anyone to cooperate in doing or even to consider that we want that level of transparency? Then when is it going to stop? When are the disclosures going to stop? First institutions (such as exchanges) disclosing, but do the disclosures stop at that point, or then will we require individuals to disclose too? The point is CZ is a snake and he is trying to show how all funds are safu with sleight of hand akin to craig wrong signature scam. CZ is the one who started all this your funds are not backed that started the dominos and as I pointed out a few days earlier he had this all ready to go while he tried to goad armstrong into calling him out. But Jesse Powell (Kraken CEO) is not a fool and a true cypherpunk Idealist who has had his books open and audited for years is calling him out on his little maneuvers. I do agree it is cool to see some info being provided but now is the time to pressure that snake into FULL Disclosure. Especially since he is the one who started it and apparently thinks he has all his dominos lined up. https://www.youtube.com/watch?v=DelF6zEHXpEI suppose he needs a gigantic audit team to consolidate his own numbers. Just look at his "corporate structure", if it can even be called "structure". It is absurd that to this date I believe he hasn't clearly stated where the headquarter is. It is not just about where they are registered. It is about how and where any issues could seriously be addressed. He doesn't care. When Malta said Binance has no license, he just moved on. The fact that Binance now established some headquarter in Paris is really puzzling. I don't know what happened behind the scenes and what guarantees Binance received from the French government, but when the decision between Ireland and France is made in favor of France, something must be going on. Is this where the company seriously pays tax? Or is this term "headquarter" now just the place where the biggest office with real people working there is to be found?... I don't know if this still applies, but in 2018 he deliberately kept all those company details secret. https://economictimes.indiatimes.com/markets/stocks/news/cryptos-billionaire-trading-king-has-suddenly-run-into-problems/articleshow/63533807.cmsZhao keeps the locations of Binance’s offices and servers secret -- making it tough to determine which country has jurisdiction over the company -- and he instructs employees to keep quiet about their affiliation with the exchange on social media. He said he never stays in one place for too long, living out of short-term rentals and hotels in Singapore, Taiwan and Hong Kong (where he prefers the Mandarin Oriental or the Ritz-Carlton).
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ChartBuddy
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November 29, 2022, 04:01:17 AM |
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Hueristic
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November 29, 2022, 04:06:27 AM Last edit: November 29, 2022, 06:12:14 AM by Hueristic |
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I have no problem with you presenting your point of view, but frequently we still need to take some of these characterizations of motives with considerable grains of salt - even if some angles might be more convincing than others. Yesterday, I was listening to The Bitcoin Matrix podcast in which Phil Gibson was proclaiming a kind of conspiratorial theory regarding so many players coordinating to cause the FTX crash - including asserting that CZ was in on the deal because CZ (Binance) was an initial investor into FTX. I appreciated several of the connections that Gibson was making, but still I thought that he was drawing too many conspiratorial lines for my own comfort levels And, today I was listening to another podcast (I cannot remember which one) in which I was reminded that FTX had paid back Binance in a combination of FTT token and also in BNB token - which highlighted that some of these off-shore exchanges are using a combination of token to make payments, including frequently using their own coin - which reminded me of a previous post that I had made to defend the BNB token and CZ, in terms of the BNB token being around longer and also my presumption that the BNB token was much better backed than then FTT token - and even though we can see a lot of these games, we cannot really know the extent to which the games are being played until shit really hits the fan.. and sure some of the tokens have BIGGER red flags than other tokens.... I am not sure exactly what my point is - except that I am reluctant to buy into very much of any of these stories - and I am not even suggesting that you, Hueristic, are buying too much into any one story - even though I feel that some of my leanings are slightly different than yours - even though each of us are surely working with incomplete information - and each of us only has so much time to be researching into these matters and trying to figure out for our own comfort levels regarding how much time we want to spend investigating various angles of these stories and how much weight to give to factual, logical and conclusory representations that we come across. I fail to see a question here. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I don't follow anyone's conspiracy theories, I make up my own. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I suppose he needs a gigantic audit team to consolidate his own numbers. Just look at his "corporate structure", if it can even be called "structure". It is absurd that to this date I believe he hasn't clearly stated where the headquarter is. It is not just about where they are registered. It is about how and where any issues could seriously be addressed. He doesn't care. When Malta said Binance has no license, he just moved on.
The fact that Binance now established some headquarter in Paris is really puzzling. I don't know what happened behind the scenes and what guarantees Binance received from the French government, but when the decision between Ireland and France is made in favor of France, something must be going on. Is this where the company seriously pays tax? Or is this term "headquarter" now just the place where the biggest office with real people working there is to be found? What's the deal between the French government and Binance?
I am asking myself whether CZ himself does even know off the top of his head how much in assets his messed up global corporate network even has. But with one thing I totally agree here: it is time to lay the cards on the table. Following the FTX collapse, tens of billions have been withdrawn from all kinds of exchanges. I wonder whether CZ caused a bank run that even he didn't really like. Or Binance is perfectly solvent and played this sneaky he had up his sleeves.
Then again, I also wondered whether causing an exchange like FTX to collapse could also backfire in many regards concerning his own exchange. People withdrawing assets en masse, massive push for harsh regulation, also massive push for innovation in the DEX space etc.
You make alot of good points here, I think when all is said and done CZ is going to regret this move he made. The funny thing is my guess is he saw Bankman pulling the same shit he did with BNB and wanted to get him before he was able to make his shitcoin FTT market cap liquid enough to survive. But he has forgotten the glass houses and started a shit storm that has gone deeper into alphabet agencies than he counted on and he may not make it himself.
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JayJuanGee
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November 29, 2022, 04:53:08 AM |
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Grabbed a piece today on top of the dca . , dca is on friday.
A right move at the right time. Good luck. I don't know about that. You gotta take the whole thing into account, and I really doubt that we have enough information for that. Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FMiHC1vL.jpg&t=665&c=cww1_CovLMa7bw) Well? If we are talking about entry-level millionaire status at spot price, then that would have been around 14.5 BTC when the BTC price was $69k, and currently entry level millionaire status, at spot price would be around 62.5 BTC.. Sure, there are some other ways to measure millionaire status besides merely looking at spot price - and then there are ways to consider the same question of the BTC price in March 2020 got down to $3,850, so spot price millionaire status would have been around 260 BTC at that time. And in that regard, the entry level millionaire in March 2020 may well have gotten up to nearly $18 million in November 2021, but now that same person with around 269 BTC would merely be at $4.3 million currently... So, yes a lot of fluctuation - especially for someone who just HODLs the same quantity of BTC and does nothing besides HODL them.. which well might be a pretty rare person... though there are quire a few of us who do some variation that largely amounts to mostly accumulate and HODL... but not easy to speak for everyone or to overly generalize. In yet another indication of how far the crypto market has fallen since Bitcoin’s last all-time highs,
Why is "the crypto market" relevant? Bitcoin millionaires have been seriously feeling the pinch.
Fair enough. Glassnode, which tracks multiple cohorts of BTC wallets, confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million.
Contrast that with the scene from Nov. 8, 2021, when the tally hit its peak as BTC/USD approached its latest $69,000 all-time high — then, there were 112,898 “millionaire” wallets.
Sounds like a BIG SO WHAT? to me. Another BIG SO WHAT? Without some kind of context, or point, that's not really saying anything. The point is CZ is a snake and he is trying to show how all funds are safu with sleight of hand akin to craig wrong signature scam. CZ is the one who started all this your funds are not backed that started the dominos and as I pointed out a few days earlier he had this all ready to go while he tried to goad armstrong into calling him out. But Jesse Powell (Kraken CEO) is not a fool and a true cypherpunk Idealist who has had his books open and audited for years is calling him out on his little maneuvers. I do agree it is cool to see some info being provided but now is the time to pressure that snake into FULL Disclosure. Especially since he is the one who started it and apparently thinks he has all his dominos lined up. https://www.youtube.com/watch?v=DelF6zEHXpEIt is obvious that he prepared well for this since he started it all himself, but his problem is that CZ considers himself too smart and therefore started a game in which he may not be able to survive. I see in him only cunning and greed, and these are not the best character traits. He wants to show a beautiful picture in which everyone would believe, but there are many people who are smarter than him and see and understand everything. Yes, he is cunning and perhaps he will cause a lot of trouble to everyone who trusts to his exchange, but he is definitely not smarter and hi will need to answer for every act. From what are you basing your information? Have you ever seen or heard an interview with CZ? I doubt that he is even close to as evil as you are making him out to be. the noon wall report at 11:36am ahead one third...take those combers on the bow lads see what other flotsam washes ashore this week likely to see increasing volatility imho dyor D ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FuOAe6f6.jpg&t=665&c=U-h4UKfANKjHIg) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVDoOAPt.jpg&t=665&c=53eDn_mTKHtu8Q) W ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FdHSNsvI.jpg&t=665&c=d2wvWHSkAPFsug) stronghands I thought that we already had three capitulations. In your first chart, above, you are talking about a fourth one.. not a third one. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Even though you are not showing it.. like I am describing it. Like this: 1st capitulation from upper $30ks to lower $30ks 2nd capitulation from upper $20ks to lower $20ks. 3rd capitulation... from $20k-ish down to $15.5k.. so far... You are expecting that a 4th capitulation down to $11.9k-ish could happen.. - it appears... ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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ChartBuddy
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November 29, 2022, 05:01:17 AM |
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