441–450 of 473 posts
I just moved all my crypto off Coinbase, just to be sure. Coinmotion seems to be a stable-ish option. At least they're not looking for hockeystick growth and aquisition.
Why do you use an external service ? Just keep the wallet on your own machine.
Now I'll rather use a service =)
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Welcome to capitalism! The billionaires always eat first. And don't you forget it.
Actually bond holders eat first in US bankruptcy law. Then employees, and shareholders last. So in this case, under capitalism, billionaire investors eat last. [0] [0] https://www.investopedia.com/ask/answers/09/corporate-liquid...
This boils down to the "not your keys not your coin" mantra that's often repeated in the cryptocurrency community. It is possible to move your coins to your own wallet and manage them on your own. This comes with risks (eg. lost keys). Keeping them on exchange comes with different risks. Anyone holding significant amount of cryptocurrencies should consider the risks of each choice, make an informed decision, and live…
So if I wanted to move stuff to my own wallet, what’s the best way to do that these days? Anything that can support more than just Bitcoin? I assume I’d just stick any private keys in a password manager vault that I already trust, and/or Yubikey. I’m not sure I trust the dedicated hardware wallets as that seems more prone to failure than a pure software approach.
Can anyone tell me how to set up a wallet on my Mac in order to get my coins off coinbase. Is there any clear guide on how to do that. Every link on Google seems to be spam or downloading potentially malicious software. It's very fustrating because so many people seem to know how to set up a wallet on their computer/Mac however I cannot for the life of me find a clear wallet to download and move my funds to or a guid…
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Wouldn't a hack of the custodial holdings just mean their customers lose their money but the business is otherwise a going concern (for that few moments until everybody stops paying them)?
They get a lot/most of their money from fees with ongoing transactions. If you look at the ‘5 minutes ahead’ picture if there is a hack that either 1) steals all customer assets, or 2) requires them to freeze all activity for a serious length of time, it’s a ‘no longer going concern’ type situation. No transactions? No income. No trust/willingness for people to continue doing transactions? No future income.
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> Why is twitter special? The SEC's Rule FD [1]. [1] https://www.sec.gov/news/press-release/2013-2013-51htm
Oh, that's backwards from what I thought the situation was. Thanks! Apparently such information has to be released in a way that all the public, generally, can see it at once and twitter with it's faked high user numbers and famous people fulfills this. Releasing it on a small local poster board would be illegal because it is limited, where twitter is legal because everyone theoretically has access to twitter.
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It's not a people problem if you're making up quotes and people don't realize it. Use quoting for quotes. Everything else is in your own words, not someone elses, even if you are paraphrasing.
Thank you for summing it up this way. It certainly sounds like the original author wants to be taken seriously. In that case they should probably respect the fact that there is literally a word for what they've done. Misquote and its synonyms do not have good connotations, and in their worst form are simply libel...
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>The problem is that the disclosure of risks is written in such a way that captures the existing situatio nand makes it hard for a valid crypto firm to not post... exactly this. Because ... they aren't FDIC insured nor do they provide any reliable protections for their user's money? It's hard not to post it, because it is true.
The problem is that there is no alternative statement for them to make. The disclosure of risks require them to be FDIC insured or state there is a risk of loss in bankruptcy, and given they don't have the option of FDIC insurance, they have to declare the risk. The problem is that coinbase don't have the choice to be insured, yet they get labelled as though they're yolo'ing it _whether they are or not_ because the F…
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I don't have skin in the game (not a crypto fan, not in the US and not an investor in coinbase), but I don't think your sarcasm is warranted here (side note for any other readers, that's _not_ what his linked thread says). Regulatory capture is _real_, and dispraportionately favours incumbents. As regulations are tightened on crypto in general, firms that are not involved in the creation of said regulations are going…
The thing with crypto is its just reinventing money and all the same crap over. Right now it's like banking in the 1820's with no parachute. Crypto isn't living up to it's PR an I don't really understand why people can't see its flaws.
Because people are trying to get rich off of it. I believe a majority know it’s a horrible “currency”, they just want money.