591–600 of 890 posts
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If you believe there is more to come and this isn’t over, are you still holding crypto?
Personally I liquidated all remaining crypto. I think these are the end of days for crypto and before the end of this year anyone still holding crypto assets will find them significantly less valued. There is no path to increasing value.
A private plane departed from the Bahamas yesterday with an unknown destination. Ultimately it landed in Argentina.
Do you have a link with more information?
They’re gonna get this fucker.
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Personally I liquidated all remaining crypto. I think these are the end of days for crypto and before the end of this year anyone still holding crypto assets will find them significantly less valued. There is no path to increasing value.
Losing faith just because a CEX goes down means you were never interested in it beyond speculation to begin with it.
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So, what you're saying is that some hackers are siphoning all the "funds" for no reason at all? Or maybe, if they are hackers they can use/launder those in some way or another, but if this is SBF behind a mask then he can't? I am far from an expert about money laundering techniques, but I find it hard to believe that it is impossible to launder, given the context.
There's probably something these guys know that ordinary HN people don't know about how to extract the money. Perhaps there's a jurisdiction where it's made a lot easier.
Absolutely bullshit. Fried's parents are helping him build a defense against jail time for breach of fiduciary duty and embezzlement while his team coincidentally gets "hacked". Hacks are quickly becoming strategic fail-safes against corporate incompetence and useful as backroom data sales. The promise of cryptographic currency was that we have the power. These exchanges by design sap that power for a promise that no…
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There’s as much evidence for your theory as there is for GP’s
Sure. But what would you do, in this context?
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No, this is not wrong. You can't magically just "use it for something else". That's not how this works. You need to generate electricity where it is needed (or transport it, which costs money). If there are landfills out there that are just spewing methane gas (20x worse than CO2, btw) into the atmosphere, why not make sure that is burned and used more efficiently? Please show me a realistic plan to do this. Bitcoin…
Aren't landfills close to civilization usually, so it would not be hard to transfer the electricity some miles to charge Teslas, heat homes or power etc. Where are landfills too remote to transport electricity away from?
In the US 70% of the methane from landfills is vented, rather than flared. That means that for some reason, either it's too expensive to do or something else is blocking this. And that's just the US.
You can also imagine that landfills in the developing world are better targets. Infrastructure is not as good there as it is in the US or in Europe.
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I mean it should be obvious that anyone who offers 8% interest has to do some high-risk stuff with your funds, right?
> I mean it should be obvious that anyone who offers 8% interest has to do some high-risk stuff with your funds, right? That wouldn't be obvious at all to me; the lowest-risk investment in my country (federal government bonds) is currently offering over 13% interest ( https://www.tesourodireto.com.br/titulos/precos-e-taxas.htm ).
To guarantee an 8% payback in crypto is a completely different game, and there's a significant downside for someone taking the deal. The expected return rate is always going to be negative on a proposition like that.