291–300 of 498 posts
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Light to final blow against crypto the horrible CO2 production and the annoying get rich apps. Let's hope it dies sooner than later.
Yes, it's so nice how the traditional finance system has no CO2 emissions
It's the perfect finetuned and still optimized PoS system.
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How will the BTC ETF even work? I'm not super savvy with money but why would anybody buy an ETF and pay their fees when the assets in the ETF don't grow or give dividends? How will they secure those assets? Cold wallet in a vault? What happens if they do their audit and the backing coins aren't there (stolen) or there's a hardware failure on the cold wallet?
Well, BTC isn't some asset that doesn't have a track record of growth. Take a look at the rate of growth in last decade. Yes if you look in specific timeframes it will look like a wreck. but looking at a bigger picture it makes sense. And it is given that it will keep growing similarly in the long term (Why?, thats a separate lengthy conversation the answer to which also answers why some of largest finance players ar…
This means rich late people will never migrate or buy BTC ETF ever.
It's like always buying at the increase
SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with. Govt collects a big crypto fine, fine makes the big losers in FTX whole, problem solved. CZ should have just bought FTX and closed the deal and made people whole, woulda saved himself some drama.
It would have failed eventually. FTX was fundamentally unstable.
SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with. Govt collects a big crypto fine, fine makes the big losers in FTX whole, problem solved. CZ should have just bought FTX and closed the deal and made people whole, woulda saved himself some drama.
Check the Reuters investigative pieces on CZ and Binance from 2022. They had plenty to fine him with before SBF's testimony. I actually can't believe he didn't get jail time given the severity of what was uncovered.
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XMR and BCH have been working great for a decade and in my mind are the ONLY Cryptocurrency projects that are not outright scams or digital ponzi schemes. It's odd how clear the picture is but how many people have been fooled by fakes. What other industry is 99% scams and only 1% legitimate?
Why are you downvoted? XMR is among the greatest cryptocurrencies. It's everything bitcoin was supposed to have been. The fact it's not in the top charts is proof of the irrationality of the market.
[1] And 2022, 2021, 2020, 2019, 2018, ...
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FTX and Binance are exchanges, not cryptos. It's like confusing NYSE and NASDAQ with the stocks that they exchange.
The reason why people were investing in crypto was 'legimit' infrastructure providers like FTX and binance.
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FWIW The Soviet Union never stated that it was communist. They were officially socialist with the constitutional goal of establishing communism. for that matter the Mensheviks predate the Bolshaviks and always opposed Lenin.
Saying that the Mensheviks predate the Bolsheviks is kind of odd- there was one political party, then they had a big fight and split in two. Menshevik literally means "minority" and Bolshevik "majority", that's how intertwined the two are.
The Bolsheviks were a minority, but controlled key elements of the army. After months of civil unrest and violence, they staged an armed coup.