51–60 of 145 posts
Have Binance decided to let anyone know where their headquarters are yet? Or is it still top secret?
I think the real question is where their servers are.
Where are they headquartered is of interest to many people (for reporting on FBAR and/or taxes).
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Binance is not a cryptocurrency. Binance is a centralized service which allows people to buy cryptocurrencies, but which is not strictly necessary to use in order to use cryptocurrencies. People can use decentralized exchanges like Bisq if they want to avoid these issues. EDIT: Remember how Hackernews was supposed to be a community which has a focus on software development, and thus finding technical solutions to pro…
At this point "Cryptocurrencies" are only a small, even substantial part of the "Crypto Industry". The moment general population became aware of "bitcoin" as "something you can buy that'll get more expensive", the whole technology and ideals behind it were overshadowed by speculative investors.
I don't care what you call it, calling the centralized Binance exchange "crypto" is just not accurate.
They don't deserve to co-opt the word.
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At this point "Cryptocurrencies" are only a small, even substantial part of the "Crypto Industry". The moment general population became aware of "bitcoin" as "something you can buy that'll get more expensive", the whole technology and ideals behind it were overshadowed by speculative investors.
Sure, but then don't call it "crypto" industry if it is not about cryptocurrencies. I don't care what you call it, calling the centralized Binance exchange "crypto" is just not accurate. They don't deserve to co-opt the word.
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> I want to see how far crypto can go without government regulations and protections. We have seen enough of that: one rug-pull and scam after the other. Governments are stepping in with crypto precisely because of all the scams.
Boy that BTC rug pull really hurt. I'm still totally reeling from the XMR rug pull. Oh, wait... Just because many are scams, doesn't mean there are no principled crypto currencies. God forbid one should have to perform due diligence and actually think a bit about their currency.
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Most definitely. SVB had $3B+ of Circle’s deposits for USDC. Just covered dollar for dollar by the US Taxpayers. Can sell all those underwater bonds at face value while the taxpayers issue new bonds at 5%. Crypto just unbanked the banked with the help of the US Gov.
From [1] > No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer... Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law. 1: https://home.treasury.gov/news/press-releases/jy1337
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At this point "Cryptocurrencies" are only a small, even substantial part of the "Crypto Industry". The moment general population became aware of "bitcoin" as "something you can buy that'll get more expensive", the whole technology and ideals behind it were overshadowed by speculative investors.
Sure, but then don't call it "crypto" industry if it is not about cryptocurrencies. I don't care what you call it, calling the centralized Binance exchange "crypto" is just not accurate. They don't deserve to co-opt the word.
Earlier quoted context omitted.
At this point "Cryptocurrencies" are only a small, even substantial part of the "Crypto Industry". The moment general population became aware of "bitcoin" as "something you can buy that'll get more expensive", the whole technology and ideals behind it were overshadowed by speculative investors.
Sure, but then don't call it "crypto" industry if it is not about cryptocurrencies. I don't care what you call it, calling the centralized Binance exchange "crypto" is just not accurate. They don't deserve to co-opt the word.
Crypto: Going from banking the unbanked to unbanking the banked!
As Taleb said on Balaji Srinivasan's comment on Fed not communicating about the rate increases earlier. If crypto people feel that the losses are because of Fed's actions, then they should also agree that the profits are because of Fed'a actions.
Crypto: Going from banking the unbanked to unbanking the banked!
Most definitely. SVB had $3B+ of Circle’s deposits for USDC. Just covered dollar for dollar by the US Taxpayers. Can sell all those underwater bonds at face value while the taxpayers issue new bonds at 5%. Crypto just unbanked the banked with the help of the US Gov.