Temporary pause of Bitcoin withdrawals on Binance

Post by mmastrac » Mon, Jun 13, 2022, 4:03 PM UTC

can16358p wrote: post #290

ohgodplsno wrote: post #242

Earlier quoted context omitted.

So, what you're saying is that sanctions are in place and you're unhappy about them ? sounds exactly like what sanctions are for, and all crypto is good for is evading sanctions that a massive part of the world has agreed in.

Many sanctions harm completely innocent people.

Post by mmastrac » Mon, Jun 13, 2022, 4:06 PM UTC

misslibby wrote: post #300

twawaaay wrote: post #266

I am so happy about this. I hope this is going to sour crypto for "investors". I use quotes, because they really are not -- investing should be reserved for fronting cash to create some value (like buying stock to infuse capital into a corporation). As it is all crypto trading is purely speculation. The world would be so much better if money tended to be exchanged in good faith, to improve something rather than just…

I really don't get why people are happy about Bitcoin crashing. It is the only hope for freedom. What do you mean by "exchanging money in good faith"? So being able to prove transactions are valid is a bad thing in your opinion? You think it is a good thing that the FED can make the whole economy tumble by playing with their interest rates?

Post by pram » Mon, Jun 13, 2022, 4:06 PM UTC

jonathanstrange wrote: post #236

Night_Thastus wrote: post #131

Earlier quoted context omitted.

It's not a "lucrative investment". It's a bigger fool scam. The only way to make money in BTC is for someone else to buy in for more than you did originally. It makes it appear as if BTC's price is always going up, but in reality the number of fools is limited - especially with the buy-in getting higher and higher. Sure, the price will always go up in the long run. But it will become less and less liquid, and at some…

> The only way to make money in BTC is for someone else to buy in for more than you did originally. It makes it appear as if BTC's price is always going up I'm not a crypto expert but that statement seems incorrect to me, since as far as I know BTC has deflation built into it. The more is mined the harder it is to mine more. So as long as investors are keeping some trust in it and are not selling at large scale, the…

Post by rat9988 » Mon, Jun 13, 2022, 4:08 PM UTC

SantalBlush wrote: post #297

ethbr0 wrote: post #217

Earlier quoted context omitted.

> "My [product] would be perfect if only I could convince humans to stop acting like humans," is the original sin of bad [technologists] fixed that

There was recently an article posted to HN [0] about a startup founder doing this very thing, blaming his customers for behaving like humans. >I was fighting human nature and losing. >Everyone swears they will eat right and exercise, but most don’t. Everyone agrees they need to spend less to be financially secure later, but most won’t. Our users were telling us they would use ContractBeast to achieve those long-term…

Post by olalonde » Mon, Jun 13, 2022, 4:10 PM UTC

jmoak3 wrote: post #278

olalonde wrote: post #264

Earlier quoted context omitted.

> You really cannot make this up. Not only you can make this up but it's literally happened hundreds of times in the history of cryptocurrency. So much that there is even a catchphrase for it: "Not your keys, not your Bitcoin". MtGox being the most infamous example. > As usual crypto in practice is the opposite of decentralized because people. Will. Not. Run. Their. Servers. 1) Only a small percentage of the total Bi…

> MtGox being the most infamous example. I was there for it. I mined my first coins in late 2011. Few people want to run their local node (server), few people want to point their wallet at their own node, and fewer people want to run code they've compiled themselves. If you aren't running your own node you are relying on someone else's. As a mass adoption decentralized trust-less technology for transacting, bitcoin h…