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Binance founder Changpeng Zhao agrees to step down, plead guilty

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Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#301
post #272

Earlier quoted context omitted.

It would have failed eventually. FTX was fundamentally unstable.

Rumor is that FTX is not that awful financially right now, because of their Anthropic investment.

... I mean right now maybe, OTOH that space is as volatile as Crypto was 13ish months ago.

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#302
post #33
post #23

Earlier quoted context omitted.

They would've also been worlds better if they had parked their money in Gamestop, or honestly even in a casino, but that doesn't make it a sound investment

why does orange reddit always have comments like this whenever coins get mentioned

downvoting just makes everyone on orange reddit seem saltier

but keep commenting the same dialogue prompt the salt is pretty entertaining

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#304

Earlier quoted context omitted.

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.

The problem with XMR is that it works too well, so people are worried governments will ban it (thus the low price).

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#305
post #156

Earlier 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.

Here’s an article: https://coincu.com/110838-he-yi-co-founder-binance/

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#306

Earlier quoted context omitted.

Are you sure? Well, you must be new, it's just SEC's business. Here is what the most enshrined companies are doing Your average tradfi trader - https://www.fnlondon.com/articles/wall-street-pays-1-8bn-in-... And here the most respected (and/or feared) financial institution - https://www.reddit.com/r/amcstock/comments/p8m2p6/citadels_p... If I were you, I'd be much more concerned about a very influential company like…

I know way more about all of this than you.

I'm glad you know me!

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#307
post #67

Earlier quoted context omitted.

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 simplest answer is that alot of people would like to hold BTC in a tax advantaged account and an ETF wrapper is the easiest way to do this. Others would like to buy it via retirement plans and having an ETF makes this doable. Those that want to hold BTC incase the US dollar collapses will hodl their own BTC. Those that want to hold BTC incase it really appreciates will hold it via an ETF in a tax advantaged accou…

Just say exit liquidity. It's faster.

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#308

Earlier quoted context omitted.

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.

The problem with XMR is that it works too well , so people are worried governments will ban it (thus the low price).

Let them ban it. That's the perfect test for the technology.

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#309
post #295

Earlier quoted context omitted.

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.

Or, perhaps, it's proof that the purpose of crypto in 2023[1] is not utility, it's line-goes-up. [1] And 2022, 2021, 2020, 2019, 2018, ...

Utility? It already works. I've gotten paid for services via monero.

I'd be very happy if Monero somehow turned into the stable coin of crypto. It could just hover around $150-$200 forever.

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