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19th September 2022, 19:22 | #1121 |
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Do you lot not think lightning is going to impact the transactability of BTC and ETH (and whatever else) ?
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19th September 2022, 19:24 | #1122 | |
A mariachi ogre snorkel
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19th September 2022, 19:32 | #1123 |
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Layer 2 and beyond are in the "to be seen" space. What's most technically appropriate isn't necessarily what ultimately wins out. I think it's all still very stochastic.
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Stay shook. No sook. |
21st September 2022, 18:12 | #1124 |
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This stuff is great:
Hacker claims 400 ETH bug bounty Bug in an L2 implementation, the article goes over the exact code and exploit.
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Stay shook. No sook. |
26th September 2022, 16:13 | #1125 |
A mariachi ogre snorkel
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US SEC asserts that all transactions on the Ethereum blockchain by anyone anywhere technically take place in the USA
https://decrypt.co/110107/sec-ethereum-us-jurisdiction |
9th November 2022, 02:13 | #1126 |
HENCE WHY FOREVER ALONE
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__________________
Finger rolling rhythm, ride the horse one hand... |
9th November 2022, 03:06 | #1127 |
A mariachi ogre snorkel
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Sure seems to be some sort of beef between CZ and SBF. Weird, considering that investment from Binance is one of the things that got FTX off the ground in the first place.
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9th November 2022, 07:54 | #1128 |
Architeuthis
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So, uh, FTX got into a spot of liquidity trouble and it seems SBF is trying to unload it to CZ/Binance in a fire sale. Wtf! The sale doesn’t appear to apply to Alameda though, which has billions in liabilities. VCs and other major creditors about to get reamed. Not to mention all the little guys.
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9th November 2022, 11:07 | #1129 |
A mariachi ogre snorkel
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That’s some Machiavellian shit from CZ right there. Invest in a startup, watch it get successful and become a competitor, exit with a huge profit, then crash the competitor and pick up its assets.
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9th November 2022, 18:11 | #1130 |
Architeuthis
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Excellent breakdown of the FTX/Alameda situation:
https://mobile.twitter.com/jonwu_/st...99676744646656 |
9th November 2022, 18:52 | #1131 | ||
A mariachi ogre snorkel
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Quote:
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9th November 2022, 19:13 | #1132 |
Architeuthis
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That's some Bond villain dastardly plotting right there
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9th November 2022, 19:29 | #1133 |
A mariachi ogre snorkel
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CZ sitting there like Michael Corleone at the end of The Godfather after he has eliminated the heads of the Five Families.
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10th November 2022, 11:24 | #1134 | |
A mariachi ogre snorkel
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10th November 2022, 11:34 | #1135 | |
HENCE WHY FOREVER ALONE
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Wow, just woke up, the FTX site isn't even working, then it was with prices way out of whack compared to tradingview/coinmarketcap, then it wasn't again.
Such a glorious day. $1.1k! Buy the derp! :P Uh oh Quote:
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Finger rolling rhythm, ride the horse one hand... |
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10th November 2022, 12:03 | #1136 | ||
HENCE WHY FOREVER ALONE
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Quote:
Quote:
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Finger rolling rhythm, ride the horse one hand... |
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10th November 2022, 12:33 | #1137 |
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not your keys, blah blah.
Buy time.
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but what would I know? |
10th November 2022, 13:35 | #1138 |
A mariachi ogre snorkel
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It's always buy time!
But not Solana, obviously |
10th November 2022, 14:03 | #1139 |
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If you're feeling adventurous, FTT is still has a long way to go to reach $0.00
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but what would I know? |
10th November 2022, 17:25 | #1140 |
Architeuthis
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I was watching the T20 World Cup semi last night and noticed FTX sponsorship all over the stadium and in TV graphics. Gonna be an awkward final.
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10th November 2022, 17:35 | #1141 | |
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Quote:
🤷
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Stay shook. No sook. |
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10th November 2022, 18:55 | #1142 |
HENCE WHY FOREVER ALONE
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Once upon a time there was a Miser who used to hide his gold at the foot of a tree in his garden; but every week he used to go and dig it up and gloat over his gains.
A robber, who had noticed this, went and dug up the gold and decamped with it. When the Miser next came to gloat over his treasures, he found nothing but the empty hole. He tore his hair, and raised such an outcry that all the neighbours came around him, and he told them how he used to come and visit his gold. “Did you ever take any of it out?” asked one of them. “Nay,” said he, “I only came to look at it.” “Then come again and look at the hole,” said a neighbour; “it will do you just as much good.”
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Finger rolling rhythm, ride the horse one hand... |
10th November 2022, 18:56 | #1143 |
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Stay shook. No sook. |
10th November 2022, 19:09 | #1144 |
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Stay shook. No sook. |
10th November 2022, 19:54 | #1145 |
HENCE WHY FOREVER ALONE
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While you make a point, I will just point out:
1. Nice log scale you got there. In absolute numbers, these drops are awful. Do you look at the log of your bank balance, or the absolute numbers? 2. That entire period consists of a time where interest rates were "abnormally low" - which is to say, money was unrealistically cheap/available, and it had to go somewhere. While it looks good historically, it appears we're trying to bring the economy back to reality, so "past performance does not suggest future performance". This ain't no Dr Phil shit.
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Finger rolling rhythm, ride the horse one hand... |
10th November 2022, 19:59 | #1146 |
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“Dwell on the beauty of life. Watch the stars, and see yourself running with them.”
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Stay shook. No sook. |
11th November 2022, 00:18 | #1147 |
A mariachi ogre snorkel
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This is starting to smell an awful lot like the Terra Labs/LUNA meltdown. Man, Sam Bankman-Fried has lost a lot of powerful people a lot of money. I'd be changing my name and becoming a mute fisherman on a remote island somewhere if I were him.
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11th November 2022, 11:59 | #1148 | |
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Quote:
It's worse than Terra Labs / LUNA. LUNA's stablecoin was non-fraudulent (as far as I could tell) but its mechanism could be Soros'd and many people publicly pointed it out before someone rich enough executed the exploit. FTX / Alameda OTOH was criminal in that the exchange (FTX) gambled with user funds via secret investment arm (Alameda). Then fixed the balance sheet with it's FTT shitcoin. It's worse than Mt Gox in scale (2020/21 bullrun newbies both retail and institutions), and FTX proved it did not hold enough reserves in each crypto when people started bank run. Even after lengthy court battles Mt Gox users could get a portion of their Bitcoin back... FTX / Alameda OTOH straight up gambled with exchange reserves, filled the void with FTT. My take is there's bugger all Bitcoin / Ethereum to return to users this time. As Andreas says: "Crypto exchanges are like public bathrooms. Get in, do your business, then get out." The worst part is highlighted in the latest Bankless episode where they discuss the cleanup required now. Reiterating the following to clueless regulators who will react to this, and make it all worse: -DeFi is not CeFi -FTX is more closely related to Wall Street (everything is a casino), than to crypto https://www.youtube.com/watch?v=aK8RIYO802w
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but what would I know? |
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11th November 2022, 12:14 | #1149 |
A mariachi ogre snorkel
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Yeah. My thinking has morphed from "wow, EVE-Online-style takedown of a rival by CZ" to "holy shit FTX was a scam from top to bottom, literally taking customer money and secretly giving it to someone else".
This wasn't incompetence, it was criminality pure and simple. |
11th November 2022, 15:27 | #1150 |
Architeuthis
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(Loss of funds may occur)
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11th November 2022, 15:40 | #1151 |
HENCE WHY FOREVER ALONE
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1 FTT = 1 FTT
Few understand.
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Finger rolling rhythm, ride the horse one hand... |
11th November 2022, 15:50 | #1152 |
HENCE WHY FOREVER ALONE
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He's really destroying the good reputation of Jewish money changers.
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Finger rolling rhythm, ride the horse one hand... |
12th November 2022, 14:53 | #1153 |
A mariachi ogre snorkel
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As well as being a 30-something polyamorous manbaby, Sam Bankman-Fried is now insolvent, his personal wealth going from USD 16 billion to zero in the space of 48 hours. Insane.
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12th November 2022, 22:43 | #1154 |
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it gets worse.
Looks like SBF has a new business model: - withdraw user funds at a price - do it via DeFi - tell everyone it's a "hack" on their app and website FTX Faces Potential Hack, Sees Mysterious Outflows Totaling More than $600M https://www.coindesk.com/business/20...ore-than-380m/ And vultures like @Algodtrading paid someone for Bahamas KYC, then proceeded to scoop up people's FTX accounts offering 0.1 their account balance value (expectation of recovering funds is THAT low), then offers bribes to FTX to expidite HIS withdrawal. https://twitter.com/algodtradingexp/...-VbT-AaRg_NYBg What a shitstorm. You can bet the only takeaway for law makers is going to be: crypto bad, more regulation fixes this.
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but what would I know? |
13th November 2022, 12:21 | #1155 |
Architeuthis
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Largest frauds still operating in crypto:
1. Bitfinex/Tether 2. Binance 3. Justin Sun’s various companies and shitcoins. |
13th November 2022, 14:33 | #1156 |
A mariachi ogre snorkel
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Yesterday: “FTX US is a separate company, not connected, business as usual, trade yourself here freely, full freedom”
Nek minit FTX US files for bankruptcy after mystery hack Weird eh |
13th November 2022, 19:07 | #1157 |
A mariachi ogre snorkel
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wtf, Bankman-fried donated HOW MUCH of OTHER PEOPLE’S MONEY to the US Democratic Party?
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13th November 2022, 19:15 | #1158 | |
Architeuthis
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14th November 2022, 11:15 | #1159 | |
A mariachi ogre snorkel
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Reuters re: FTX
Quote:
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14th November 2022, 11:42 | #1160 |
HENCE WHY FOREVER ALONE
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Finger rolling rhythm, ride the horse one hand... |