Earlier quoted context omitted.
I too enjoy the no true Scotsman fallacy
I dunno, people always invoke it in situations that are similar, but not quite applicable.
No true "No true Scotsman fallacy"
Binance founder Changpeng Zhao agrees to step down, plead guilty
191–200 of 498 posts
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#192Earlier quoted context omitted.
Exactly -- and CZ was always the fall guy. Yi is the mastermind.
Can you elaborate more? I do not know anything about Yi and how she is a cofounder.
Binance intentionally downplayed her role in the company (and her relationship with CZ) for a long time. Now she's seen as the most likely successor to CZ.
Here's a recent article
https://cryptoslate.com/reclusive-binance-co-founder-yi-he-s...
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#193Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#194CZ saw the immolation of SBF and probably decided it'd be a bad move to do anything other than whatever his lawyers told him to.
CZ is much smarter, he didn't have any number 2s that could testify against him, and had already moved to a non-extradition country years ago. SBF thought he was cleverer than everybody and testified himself straight into a 8x10 cell for the foreseeable future.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#195Earlier quoted context omitted.
How does it help clear the bad image? There are seemingly no large crypto orgs left that are untouched by criminal convictions.
No large crypto orgs left? Tether has a market cap of $88bn alone.
So you tell me someone has 88bn us dollar or real assets somewhere stored away safely?
Somehow I doubt that. That would mean someone invested this in a save and independent way with enough return to keep it inflation save and apparently has no other idea on how to invest that even more magical.
How is tether really pegged safely?
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#196Good. May the entire of crypto be brought down with it.
Reflecting on how crypto once fit with the HN ethos. Hard to say where the community is now, partly because I don't spend as much time here. But it definitely seems to not be the darling it once was. Don't know if this is because it's mainstreamed in a way that makes it less "hacker"-appealing (quotes intentional), the HN community has changed, or because crypto went full crypto-bro so hard. May be some combination.
I honestly don't remember the time you are describing. As far as I can remember, the most prevalent voices about crypto from HN have been from the naysayers by far. The craze just simply isn't there anymore, which is a very good thing. People who refuse to try and understand cryptocurrencies but tout fanciful things about them shouldn't be the ones representing them.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#197Earlier quoted context omitted.
The current crypto market activity has nothing to do with crypto news. The macro-economic state of the world is one where everything is going up.
More specifically now you can get actual real money by putting your savings in a bank account (and most people are struggling to pay the increased cost of living), there's less incentive to throw it away in a casino.
I suggest spending some time understanding why the cost of living went up. Clearly you live in a place with a relatively stable currency (for now).
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#198I wouldn't put a foot on US territory if I was him. Really wonder why didn't just wait it out in UAE.
Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#199Incoming: third party compliance monitor (as always, run by ex DOJ people) and a more risk averse CEO. I hope this doesn't mean they eventually stop operating in the unregulated markets like China, Vietnam, Turkey, etc. Bet365 and DraftKings do it but for gambling so it's certainly possible to run a major respected company while ignoring the laws of countries that don't have the leverage America does.
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Re: Binance founder Changpeng Zhao agrees to step down, plead guilty
#200Earlier quoted context omitted.
What makes you think this is the end of anything?
The rumour about Binance indictment by DoJ has been going around for 1-2 years now. Its one of the last remaining pieces of major news that could have potentially negatively affected the industry. After two years of prosecutions, regulatory uncertainty and general poor market conditions, its only now starting to feel like there's light at the end of the tunnel.
> Its one of the last remaining pieces of major news that could have potentially negatively affected the industry
Lol. Tether imploding anyone?