131–140 of 145 posts
Have Binance decided to let anyone know where their headquarters are yet? Or is it still top secret?
> headquarters What does it mean to "have a headquarter" in 2023?
I mean, they are optional, if you are thief or criminal, but perhaps I've given the answer away.
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A Hobbesian theory that people in power are happy that you believe.
Is there an alternative "theory" that actually works in the real world outside of idealist manifestos?
It's paywalled for me. Are UK customers' funds SAFU?
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Principles are irrelevant in this space. The only thing that matters is actual laws enforced by people with guns.
BTC and Monero were built to resist laws made by people with guns. There were other attempts at digital currency before BTC, but they were all taken down by people with guns. That's kinda the whole point. That's why BTC uses energy. It's a means of resistance to people with guns.
Not at all. Otherwise they’d be truly anonymous. People with guns know how to parse the blockchain and how to find you if they need.
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> That's why BTC uses energy. It's a means of resistance to people with guns. That logic makes about as much sense as using crypto currencies in general.
You're not making any real argument here, so I can't exactly refute it. Proof of Work is a means of preventing any one actor from controlling bitcoin. Proof of Work is energy intensive, but the currency exists in a government resistant manner without the use of guns because of Proof of Work.
No. It does not prevent majority attacks.
It has also been very effective as a mean to enforce an oligarchy of those who have the hardware and made billions, compared to those who did not and who were at the mercy of fluctuations. It makes sense from a perverse right-wing libertarian point of view, but it has nothing to do with democratisation or taking the power away from the government.
Funny how Kraken/Nexo/Coinbase etc can still manage to maintain sterling deposits and comply with the regulators. I like Binance, but they dropped the ball in the UK market.
Funny how Kraken/Nexo/Coinbase etc can still manage to maintain sterling deposits and comply with the regulators. I like Binance, but they dropped the ball in the UK market.
Uh, Nexo got raided by like 300 Bulgarian L.E. people, and most of management are jailed now.
Have Binance decided to let anyone know where their headquarters are yet? Or is it still top secret?
> headquarters What does it mean to "have a headquarter" in 2023?
That "place of incorporation" is a very fluid thing, as it can be changed very quickly to adapt to changing regulations and optimize for rapid changes in the business ecosystem a company operates in.
And therefore: it doesn't mean much.
What really matters is:
- the company's assets financial and non-financial and what jurisdiction has sway over them.
- the people who control the company and what jurisdiction has sway over them
- the company's customers and what jurisdiction has sway over them
Where the headquarter actually is is IMO of precious little importance.
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Not sure I understand. WalletA has $300m BUSD and WalletB has $420m BTC. Both wallets are 'owned' by Binance. This is lower than the $1b funding on Jan 29th, 2022, but it is still a significant amount of "real" (if you believe crypto has value) funds. This is just an insurance fund that we are talking about here. I think you're referring to the rest of Binance proof-of-reserves, which are here. Note, I fully realize…
I think what they mean is, how do we know that the money in these wallets correspond to 10% of all trading fees at Binance?