Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Binance founder Changpeng Zhao agrees to step down, plead guilty

wsj.com

Post reply on HN
Print view View original

441–450 of 498 posts

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

#441

Post by fidelramos »

play_ac wrote: post #356
matheusmoreira wrote: post #315

Earlier quoted context omitted.

There should not be any on-off ramps to begin with. People should just transact in XMR directly. That's what crypto was supposed to have been like.

That won't happen and would actually be much worse for Monero because it means everything becomes a giant target for thieves and scammers, even more than it already is. The reason it's failed is because the idea of cryptocurrency is fundamentally bad. Monero isn't even trying to hide it. The developers openly say that criminals should use it to commit crimes.

What crimes?

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

#442

Post by naraga »

tw1984 wrote: post #414

After all these recent shit regarding crypto currencies in the US, you don't need a full brain to figure out that there is a huge hole in the system. It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.

FWIW, CZ is (and was viewed as) a good actor in the industry. He did a lot of good not only for crypto adoption but for access to better fiat currencies for people in countries with hyper-inflating collapsing system. comparing him to SBF (like many do) is absolutely not fair. he fcked up on AML front for sure and he is going to be punished rightfully but he did just so much good for people that he will stay remembered is positive persona. hero for many.

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

#443

Post by everfree »

colesantiago wrote: post #439
everfree wrote: post #399

Earlier quoted context omitted.

You're free to hold whatever opinions you want, but I don't see how they're relevant to this conversation. It's not productive to spread falsehoods about how blockchains are hosted.

I don't see any sources for any of your claims so I've completely ignored it as you have no hard sources.

Okay, then it should be just as fair for everyone to ignore your claim that Ethereum runs "solely on AWS".

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

#446

Post by Gareth321 »

dodyg wrote: post #374
underseacables wrote: post #232

I'm absolutely astonished by this. He lives in the Middle East, which does not have any extradition treaties with America. Granted, he might transit a country that has a treaty, but I'm really shocked that he would give him. What did they have over him? Maybe it was China…

He lives in Dubai. What's the point of having money if you cannot escape that giant mall?

Dubai can offer an INSANELY AMAZING lifestyle for billionaires. Like, anything your debaucherous heart desires, forever. No consequences.

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

#447

Post by dewey »

Gareth321 wrote: post #446
dodyg wrote: post #374

Earlier quoted context omitted.

He lives in Dubai. What's the point of having money if you cannot escape that giant mall?

Dubai can offer an INSANELY AMAZING lifestyle for billionaires. Like, anything your debaucherous heart desires, forever. No consequences.

You can get an insanely amazing lifestyle in many countries as a billionaire.

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

#448

Post by JetSpiegel »

Gareth321 wrote: post #446
dodyg wrote: post #374

Earlier quoted context omitted.

He lives in Dubai. What's the point of having money if you cannot escape that giant mall?

Dubai can offer an INSANELY AMAZING lifestyle for billionaires. Like, anything your debaucherous heart desires, forever. No consequences.

But you are still in Dubai. A cool skyscraper filled with water for diving, but also bus stops with AC.

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

#449

Post by refurb »

KRAKRISMOTT wrote: post #433
CyberDildonics wrote: post #404

Earlier quoted context omitted.

If by "annoyed politicians" you mean "bait and switched AIDS patients".

He upset the democratic establishment when he chose to stalk Clinton’s daughter on YouTube

This is why Ross Ulbricht was doomed from the second he did that Forbes interview as “Dread Pirate Roberts” and dared the US government to come get him.

You can do a lot of illegal things and get away with it, but questioning the US government’s ability is just asking to be made an example of.

There are limited law enforcement resources and no doubt Silk Road would have gotten a bit longer reprieve, but once he poked the bear, you damn well know they said “I don’t care what it costs, I want this guy in prison for the rest of his life”.

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

#450

Post by mihaic »

noch wrote: post #432
tw1984 wrote: post #414

After all these recent shit regarding crypto currencies in the US, you don't need a full brain to figure out that there is a huge hole in the system. It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.

> most of his assets gathered by his con job. How did he con you? Did someone force you to use Binance? Do you have evidence that he conned someone?

I saw a friend being added to a Binance WhatsApp group with tens of actual Binance users, clearly violating GDPR, where bots (you could tell by the phrasing and the account name) and Binance moderators were chatting about how to invest and much money they made.

This was ~2 months ago.

Post reply on HN