I have a question why is what CZ did different from what SBF did? I mean other than SBF getting caught over-extended in downgrading market they both did the same type of fraud.
Binance founder Changpeng Zhao agrees to step down, plead guilty
91–100 of 498 posts
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#92Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#93https://archive.is/G8utD
anybody else have issues with archive.is lately? Tried two computers multiple browsers and all I get is a never-ending security check, sometimes with a captcha to really laugh at me.
Just put the fixed IP addresses for the various archive.?? domains in your hosts file.
This completely resolved the problem for me.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#94Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#95Crypto, AVs, and AI. Is nothing sacred this week?
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#96Earlier quoted context omitted.
Gold isn’t easy to steal because there are centuries worth of physical security demands that have evolved to protect it. Its relatively easy to take a chunk of metal from someone otherwise. Nothing you listed applies to bitcoin besides remote theft. The whole point of a blockchain is be fault tolerant in the face of those real failures. Remote theft occurs from a failure to secure your private keys. That’s human erro…
Gold isn't easy to steal because it's heavy, and the more you steal, the more it weighs. There's a big difference between stealing an ounce of gold and stealing five tons of gold. But there's no difference in "weight" between stealing 0.1 BTC and 10,000 BTC. Also, securing physical assets is much easier than securing digital assets.
You don't have to put all 10,000 BTC in a single wallet.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#97Earlier quoted context omitted.
why does orange reddit always have comments like this whenever coins get mentioned
“Orange reddit” was one of the first places that Bitcoin was discussed. Consequently there’s an awful lot of people here who know exactly how much they missed out, and express this by being saltier than dead sea whenever the topic comes up. The accepted wisdom on HN, when the bitcoin price was in the single digits, was that it was a “tulip bubble” and you should absolutely not buy it under any circumstances.
I first read about Bitcoin on Slashdot. I thought it was a stupid idea back then, and I think it's a stupid idea now. Buying bitcoin in 2008 would have been a terrible investment decision regardless of whatever result it might have produced. If you don't understand that an investment decision can't be evaluated after the fact on the basis of the outcome of single random event you know nothing about investing.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#98Perhaps this was the final takedown necessary to pave the way for BTC ETF approval.
Why does BTC need an ETF at all, doesn’t that defeat the purpose of owning one’s own wallets? Also… exchanges defeating the purpose of decentralization…
The purpose of decentralization was defeated a long time ago, I'm afraid.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#99Earlier quoted context omitted.
“Orange reddit” was one of the first places that Bitcoin was discussed. Consequently there’s an awful lot of people here who know exactly how much they missed out, and express this by being saltier than dead sea whenever the topic comes up. The accepted wisdom on HN, when the bitcoin price was in the single digits, was that it was a “tulip bubble” and you should absolutely not buy it under any circumstances.
The accepted wisdom is still that it's a bubble and you should not buy it, the price going up does not necessarily mean that the price isn't higher than it should be. Projecting everybody who disagrees with your viewpoint as somebody who is angry they missed out is simply a quick way to hand-wave away people who disagree with your crypto-is-the-future dogma. I wasn't in the early adopters per-say but I did do some cr…
I find it really hard to reconcile this viewpoint with reality. I personally know businesses who use stablecoins for international money transfers because it’s just faster and cheaper.
Also, every month or so an article pops up here where either some business is rekt because their payment processor’s automated process kicked them off, or someone’s bank account got closed in a similar way screwing them.
Yet the only way to self custody electronic money and transact without intermediaries is somehow ‘pointless and idiotic’.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#100I have a question why is what CZ did different from what SBF did? I mean other than SBF getting caught over-extended in downgrading market they both did the same type of fraud.
What countries they hung out in, I think. The Bahamas is not able to hold of US pressure for very long.