Thread: RIP Bitcoin

Originally Posted by YourDaddy

you are being completely ignored

*cough*

Originally Posted by PlanK

CBDCs will still be programmable money, so they could theoretically come with all sorts of tracing or even worse, conditions that can be imposed for better or worse.

CBDC of course will be very traceable , which is the main selling point that bureaucracies will eagerly await - but very likely you will be able to swap them on a DEX

Sign In



MENUSEARCH
Financial Times

Binance chief Changpeng Zhao warns of ‘cascading’ crypto crisis

Originally Posted by david44

Binance chief Changpeng Zhao warns of ‘cascading’ crypto crisis

so many of the " crypto projects " that have popped up in the last 5 years promising all sorts of returns via some web3 and decentralized finance buzz words had their working capital parked in FTX as it was considered to be the darling of the centralized exchanges - but now they are unable to access their funds which means unfortunately that many of their payrolls will not be paid

FTX unraveling is just the next step in the chain of events started with luna , and it still has a long way to run

as far as centralised exchanges go , Binance does not seem to use its users parked funds to gamble with , though there are some dodgy shenanigans going on using it to trade with - if this is with CZs permission or not is not known

as always - not your keys , not your coins

Originally Posted by aging one

Says the moron who invested $200,000 in crypto just a few months ago.

So another lie we can add to YD's bucket of shame?

Originally Posted by baldrick

CBDC of course will be very traceable , which is the main selling point that bureaucracies will eagerly await - but very likely you will be able to swap them on a DEX

So you'll get a wrappedCBDC or a similar token to represent it? Then you hope the issuer doesn't use any of the tokens to trade on leverage like FTX/Alameda did.

FTX in 99 seconds:

Originally Posted by PlanK

So you'll get a wrappedCBDC or a similar token to represent it?

I suspect many of them will be ERC20 tokens or similar on PoS chains - some will be on current chains , though some will be on their own launched and validated by their own nodes

I expect all of these types can be integrated into DEX's , though I do not think this is what the CBDC people envisage - but cross trading with other CBDCs will have to be possible , which would enable DEXs to add pairs

once the genie is out of the bottle

Originally Posted by harrybarracuda

You have to wonder why a company with that much of other peoples money

People gave their money , not sure why they expected any other result

news for people who would like to know

Today I am releasing a new Decred-based communications tool, Bison Relay, that enables free speech, free association, and can act as a fully independent alternative stack to the web, whose substantial problems were outlined in my prior article. Bison Relay is an asynchronous client-server protocol that makes heavy use of the Decred Lightning Network (“LN”), where every message sent is encrypted, metadata-minimized, and paid for via LN micropayment. The Bison Relay server is accountless and every message is handled individually, where it is both paid for prior to being sent and then received. Bison Relay tightly integrates payments, messaging, and social media, and this initial release implements a peer-to-peer Twitter/Facebook-like functionality of making posts to subscribers, subscribing to users’ posts, relaying posts, and replying to posts and comments on posts.

Bison Relay: The Sovereign Internet | Decred Blog

https://bisonrelay.org/tutorial/

A cute lil 25%+ for the month

+45% Year To Date.

Originally Posted by bsnub

I first bought into bitcoin in 2012 it was cheap back then, and you just bought whole coins. I have never sold a one of them

Top man, Mr. Multi-Multi-Millionaire.

Whole coins were only around $7 for most of that year. How many did you buy?

^
He wasn’t sure they would increase so he only bought 500. He just keeps them, never cashing in as he prefers to live off his weekly stipend that he gets from stacking shelves at Walmart.

He’ll be splashing out next month and painting the basement, the stench of stale piss is becoming too much even for him.

+65% YTD.


Fantastic investment.

Breaks through 30k.

+80% YTD.

Uptober's ticking along nicely.


I'm sure it won't crash & burn again. (He said hopefully)

^

+28% for the month.

+70% for 12 months.

Originally Posted by Edmond

I added 2 at $5500 after the bounce @ $4xxx. 6 months short term. Will sell them if it drops to $7500, but this post-halving run should be back to 5 figures before the next dump in a few months time.

Last purchase of whole coins. Cleverly/luckily didn't sell short term. Will keep 'em for a while yet.

In case ye don't know, the next halving is expected to happen around April/May 2024. *wink*

Bankman-Fried found guilty of fraud. A lot of people should be found guilty of gross stupidity.

Could get 115 years in the nick.

Sam Bankman-Fried guilty of defrauding FTX crypto customers out of billions of dollars | US News | Sky News

and Sky reckons he's damaged crypto irrevocably.

Sam Bankman-Fried found guilty - and the crypto industry may never recover | Science & Tech News | Sky News

Binance (re)opening in Thailand.

Binance to open Thai crypto exchange with billionaire Sarath


More exchanges mean you can diversify where you lose money!

Buy now for Christmas 2025.

Good thing ole Charlie died.
Rat poison squared now worth more than Berkshire Hathaway.