Binance- CZ wanted to orchestrate a bitcoin re-org?

[talkoncrypto Official]

e. as for your foiled attempts to imply serious consideration. he actually says (if you dont snippet small chunks to wrap in foil) that he didnt even think it possible to even do
again he does not nor never did have 51% of the network hashrate. so it was not a serious consideration

I'm not sure if you are actually that gullible or you are that forgetful.
It doesn't matter what CZ claims happened, the history doesn't change. The fact that he was running around like a headless chicken seriously offering money to other mining pools to join hashrate and perform a 51% attack on Bitcoin network is not going to change. So is the fact that mining pools and the community both showed him the middle finger.

its not about gullible or forgetfulness

there was no bribes to other miners to join activity either
it was other miners and exchanges that approached him to help and gave him the proposal

in the end it was speculation of social media that lasted... hmm ONE DAY

so heres the time line: enjoy

binance lost coins on may 7th. and someone proposed to CZ about a rollback.. and by may 8th.. CZ responded to say it wont do it for multiple reasons

if you want a better time line.. incase YOU forgot
7th: they stopped trading for "maintenance"
https://twitter.com/cz_binance/status/1125839310891053057
8th: he done a AMA to explain why the maintenance event happened
where someone proposed TO HIM to do a roll back
https://www.pscp.tv/w/1mrGmvjpbqBJy
"this morning alot of people have offered us support, and there is a few topics i will discuss in this regard"
"the idea came from the community and i did not know that we could do that"
"To be honest, we can actually do this probably within the next few days. But there are concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin."

note: alot of people forget purposefully the BUT part. and the later "decision to not pursue it" within hours of the AMA

note: he had been contact by miners and exchanges prior to the AMA about them supporting him either in funding or doing a re-org

try to put the conversations INTO CONTEXT

he said he had funds so didnt need funding support and said he would not do a re-org that same day.

listen to the entire conversations and also then do real research on who asked who what..

same day 8th

   After speaking with various parties, including @JeremyRubin, @_prestwich, @bcmakes, @hasufl, @JihanWu and others, we decided NOT to pursue the re-org approach. Considerations being:— CZ 🔶 Binance (@cz_binance) May 8, 2019

https://www.coindesk.com/markets/2019/05/08/binance-considered-pushing-for-bitcoin-rollback-following-40-million-hack/

..
yep done and dusted in one day.. no activity... thus no event
just social media drama between 3pm on the 8th of a AMA and hours later a "we decided not to pursue the re-org approach"

the SAME DAY!!!

how i have reminded you of the facts.

have a nice day

this is not about taking sides. this is about seeking the facts and making sure people like idiots such as this topic creator dont try 3 years later twisting things.. about events that did not happen. and were just a few hours of social media FUD that should have died the day it started

With due respect why are being so offensive about it , This was posted on twitter and i just realized like others that how would it have been possible, i did not made any comments regarding this .. so why dragging me , moreover as much as we try to paint this situation right , the first thought would have not been made for people , I am not biased in -ve or +ve about CZ , but looking at this , one can simply figure out if it would have been possible by any chance , u never know what would be the repercussions. Its always said ... "Something said is half done"

[franky1]

this is not about taking sides. this is about seeking the facts and making sure people like idiots such as this topic creator dont try 3 years later twisting things.. about events that did not happen. and were just a few hours of social media FUD that should have died the day it started

With due respect why are being so offensive about it , This was posted on twitter and i just realized like others that how would it have been possible, i did not made any comments regarding this .. so why dragging me , moreover as much as we try to paint this situation right , the first thought would have not been made for people , I am not biased in -ve or +ve about CZ , but looking at this , one can simply figure out if it would have been possible by any chance , u never know what would be the repercussions. Its always said ... "Something said is half done"

initially i just gave the answer..which was
it was not possible he didnt have 51%

others chimed in as usual with their false diatribe of drivel about how they perceived it as a threat then and a threat now due to drama now with the same person in video(facepalm)

after years of being on this forum it becomes obvious that certain people enjoy trying to drum up some non event that never happened (by this i mean no users were affected) where it was just some talking point social drama of a few hours of social crap that never went into a code activation of causing any real event
yet the try to drum it up and make it go viral again as its its a present threat .. acting like it was an event and a thing to fear or worry about this year/today..

so when non events are dragged up
and are then spammed by idiots that take it out of context as if it was an event..
..it deserves correcting those people that mis represent it.. and educating the ones trying to reanimate some zombie drama into the present  where by the education and correction make people realise it was a none event and something that is not a fear to have today..

asyou may see my initial response was straigh to the point that it was not possible, no malice or harchnes... but as the other chimed in with their silly narratives, i became more frank/blunt

yes my manner is not kiss-assery, hug a buddy. polite chummy happy chats. of just agreeing with the echo chambers of mis/uninformed narratives..  and instead i am frank/blunt in how i say things.

you may not like how i say things. but atleast read the context and understand what is said rather than how it is said.

[pooya87]

8th: he done a AMA to explain why the maintenance event happened
where someone proposed TO HIM to do a roll back

It's like that criminal who is caught red-handed in a botched robbery and he insists that it wasn't his fault and others had told him to do it
He has been pushing for and discussing a 51% attack from the moment he found out about the hack. Later he reveals the intentions but pretends that others are suggesting it. Finally since it fails, he saves face by saying they didn't do it because it was harmful!

It is exactly like what they did with the scam shitcoin called BSV. They listed it while it had high volume and enjoyed the profit while allowed this shitcoins volume grow and made it easy for the scammers to scam more people. After the volume dropped and public opinion was getting worse about them, they tried to save face again and pretended that they are removing it because they just found out it is a scamcoin!

[franky1]

8th: he done a AMA to explain why the maintenance event happened
where someone proposed TO HIM to do a roll back

It's like that criminal who is caught red-handed in a botched robbery and he insists that it wasn't his fault and others had told him to do it
He has been pushing for and discussing a 51% attack from the moment he found out about the hack. Later he reveals the intentions but pretends that others are suggesting it. Finally since it fails, he saves face by saying they didn't do it because it was harmful!

caught in botched robbery?

its more like
a robbery occured at a shop, and the mall of shops talked to the shop and said, "do you need some cash.. or we can send our guys to repair the damage and get back the stolen property, we can help"

and the robbed store owner says "its ok i have SAFU insurance, i didnt realise i could do that (get my goods back), we can try to get them back in a few days but im worried about the consequences" "my priority now is to fix my shop which could take a week"
then hours later" i spoke with the mall shops and decided not to get the goods back or undo the damage via their support"

try to watch the video in full and listen to the whole context.

it seems many in this topic didnt watch the video or do research of the other communications on twitter pre and post AMA video. nore realise tht all social drama events of this topic were just social discussions in a small 40hour period

one more time just for fun
day 1.
A. hack

day 2
B. many exchanges and miners -> binance "want us to help there are these options"
C. ama "lets discus topics from people that have asked me things"
D. "after speaking to the mall shops, we decided we are not gonna pursue that"

all in the space of about 40 hours from A to D
B to D happened in less than 12 hours

your assumption that B is CZ begging exchanges/miners is wrong.
B was exchanges/miners giving him idea's of support

your assumptions of C being a declaration of intent
C. was explaining topics discussed

your assumptions of C is that there were actual attempts to re-org on day of C

C. was saying his intentions were for a few days to dedicate time to find binances inside bugs and fix them to prevent more hacks and then in a few days it could do other things mentioned to him

there was no re-org attempt or intent to attempt on day of C

it was not a declaration. it was a discussion of topics of things asked before the AMA

D. was not a 'we give up, we tried and failed'
D. was a 'stop the fud we are not gonna'
..
re-org didnt happen. he didnt even try a re-org.,. it was just a discussion of options GIVEN TO HIM. where the whole social drama of the options lasted less than 12 hours..

yet here we are 3 years later and people are still even now promoting a non event that didnt happen(re-org) as if it was an actual threat..

i am not a kiss ass or fan club member of any crypto business
but here is what i see happening this month in 2022

there is a fanclub of the DCG portfolio (FTX/blockstream devs)
that seem more butt hurt by binances whistle blow that caused them losses of faith in their fanclub portfolio trust(FTX).. more so than any butt hurt of events that happen inside the portfolio

remember
FTX (buddy of DCG) robbed from the DCG fanclub
so why call the whistle blower a botched robber with silly rhetoric like
"ftx only crashed coz binance"
"binance tried a botched robbery 3 years ago"

[moneystery]

I have nothing against CZ infact I think he is a role model to me from what he has achieved in Crypto-currency but as we may know Power can actually corrupt the mind if you let it.

CZ is a billionaire and a very notable figure in crypto-currency and I Think some of CZ moves are centered around him being dominant. He probably has achieved his financial goals and now seeking more power in Crypto-currency ecosystem.
He can try to pull up a Bitcoin re-org but I am sure it won't work out for him.

We know that CZ is an influential person in the crypto market, but I am sure that he would not be so stupid as to make the crypto market crash. Moreover, CZ has quite a large crypto exchange and ecosystem in several countries, so I think he is not stupid enough to destroy the crypto market and its reputation.

[royalfestus]

We know that CZ is an influential person in the crypto market, but I am sure that he would not be so stupid as to make the crypto market crash. Moreover, CZ has quite a large crypto exchange and ecosystem in several countries, so I think he is not stupid enough to destroy the crypto market and its reputation.

It would be great to have data on social media influence on cryptocurrency market in the last two cycles, even though the personel had changed from Roger Var to Elon Musk (the richest man) each time. Regarding CZ's influence in the market, the size of his exchange market, the communities he controls, and the latest enemies he is accumulating. Can he play a better role as a top social media influencer (with his vast knowledge as a developer) than Elon Musk did recently?

[franky1]

if your trading patterns are based on social media.. deactivate your social media accounts

[NotATether]

They, CZ and his team, were seriously considering  executing an attack to reverse the attacker's transaction.

That would have caused a lot of collateral damage because the thousands of other transactions which had been in the same block as the attacker would also be invalidated, and the services who accepted them defrauded.

It's like an Apache helicopter firing at a building just because they know a terrorist is hiding in there. A lot of people are going to die.

[franky1]

It's like an Apache helicopter firing at a building just because they know a terrorist is hiding in there. A lot of people are going to die.

its like nato asked a president if he needed funding or a apache
a president then done a AMA interview on camera explaining he has been offered options which he wil explain. where he on AMA said he didnt need funding  but another option is a apache attack which he could do with in a couple days. and then a few hours later said he doesnt want to use the apache plan nato told him about that morning