131–140 of 498 posts
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How does it help clear the bad image? There are seemingly no large crypto orgs left that are untouched by criminal convictions.
There are no criminal charges involving Coinbase or Kraken. Litigation by SEC yes, criminal charges no. There’s a very meaningful difference there. The first type can ruin your business, the second put you behind bars too.
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 is very different. While it hasn't complied with various securities laws, it's never lied to customers and has kept customers' assets safe. They've also done steps to build confidence and be transparent like verifying proof of reserves:
https://www.binance.com/en/proof-of-reserves
While this report isn't perfect, it does show that wallets they control have as much in assets as they're supposed to, so we know they're not doing what FTX did.
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It’s funny how true believers in communism and true believers in crypto talk exactly the same way nowadays. “FTX and Binance are not examples of true crypto!” “Soviet Union and Venezuela are not examples of true communism!”
huh. both of those quotes are true for easily quantifiable reasons? you don't have be a believer in either to understand that objectively
Happy to see this whole thing finally coming to an end, its a nice wrap to the dead market we've had for the past 2 years. I'm excited for 2024 in crypto!
What makes you think this is the end of anything?
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Just put the fixed IP addresses for the various archive.?? domains in your hosts file. This completely resolved the problem for me.
can you paste the relevant /etc/hosts lines
51.38.69.52 archive.is archive.today
41.77.143.21 archive.ph archive.li archive.vn archive.fo archive.md
And if all else fails, install Tor and access their site at archiveiya74codqgiixo33q62qlrqtkgmcitqx5u2oeqnmn5bpcbiyd.onion
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The second half of money laundering is you need a way to pretend to have income from a plausible source. People will ask questions like "How do you pay for your groceries?" and "Where did you find the money to buy a $37M penthouse?" and your paper trail needs to convince people the answer isn't "With the billions of dollars I embezzled."
I understand your point but I feel like even a 10 year old could come up with 100 plausible excuses. Many of them end with "Consultant", "Collector", or "Trader".
If you can't answer those questions -- questions the tax man at least will expect you to answer, and probably other people as well -- you might as well say "I found money in the street."
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> May the entire of crypto be brought down with it Pretty hard to get rid of decentralized systems.
Crypto is pretty centralised thanks to these exchanges and many blockchains running solely on AWS such as Ethereum. Crypto being ‘decentralised’ is a well known myth.
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"True crypto has never been tried"
I too enjoy the no true Scotsman fallacy
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"True crypto has never been tried"
It’s funny how true believers in communism and true believers in crypto talk exactly the same way nowadays. “FTX and Binance are not examples of true crypto!” “Soviet Union and Venezuela are not examples of true communism!”