Forum community for cryptocurrency news, discussion, and analysis.
- This forum has 22,299 topics, 216,753 replies, and was last updated 3 months, 3 weeks ago by
Oversizedbull69.
- Topic
- Voices
- Last Post
- El Salvador, the first nation to make BTC legal tender, closed November 2022 as the safest month in the nation’s history. According to their president Nayib Bukele. November 2022 closes as the safest month in the entire history of El Salvador. If we annualize the homicide rate for November, El Salvador (recently the most dangerous country in the world) would have 2.5 annual homicides per 100,000 inhabitants. The safest country in LATAM. https://twitter.com/nayibbukele/status/1598203818021621760?t=4TIRyC5yowD3V2tyj_zr_Q&s=19 El Salvador has transformed itself from being known as the birth place of MS13 to a nation Bitcoiners want to visit and invest in.
- 1
- 3 months, 3 weeks ago
- VOTE-TO-EARN (V2E) VOTE-TO-EARN (V2E) The digital world is full of surprises, innovations, and upgrades. This is evident in the spectacular transformation of traditional gaming models into digitalized ones, also referred to as decentralized models. Traditional gaming models are mostly free-to-play and pay-to-play in which players hustle their way through the games, pulling through thick and thin, just to spend some in-game assets on special features which are at the mercy of the developers. That is how a centralized model operates. As a result, decentralized models were developed and they can be seen in today’s play-to-earn (P2E) games and vote-to-earn system. Vote-to-Earn: The Game Changer Although there are several amazing developments in the Web3 space, the next big innovation is the Vote-to-Earn (V2E) model. https://www.votetoearn.net/
- 1
- 3 months, 3 weeks ago
- Tether is a ticking time bomb and the longer it keeps going the more damage it will do when it blows up. Why do users and exchanges continue to use this scam? For those unfamiliar or in disbelief, please watch this video and read this article: [Coffeezilla video explaining the Tether Fraud](https://www.youtube.com/watch?v=-whuXHSL1Pg) [Article on when Tether willl collapse](https://medium.com/coinmonks/why-tether-usdt-hasnt-collapsed-yet-and-when-it-will-e2a36ae7b8ed) Even back in 2017 the New York Attorney General investigated Tether and reported that they have never been backed 1:1 by USD. That was back when Tether's market cap was $2B and now it's $65B! The company is run by a bunch of fraudsters and it's so obvious what they're doing! They print tether out of thin air (no one is actually going to them and trading USD for tether to the tune of billions per week), and use it to buy up BTC, altcoins, and other speculative assets. They only have fractional reserves and are gambling with the money given to them! If everyone went to redeem their USD from Tether, they would collapse like FTX did. In essence, they are 10 times worse than the fractional reserve banking system we're trying to get away from. Why are people using this? Why are "respectable" big players like Binance and Coinbase and others allowing their clients to trade with this? How did this become the de facto stablecoin? Now you may be thinking, "how would the collapse of Tether hurt the rest of the crypto industry?" It's because the assets they bought with their printed-out-of-thin-air coin is largely in BTC, ETH, and others and they are *lying* about those holdings. As people go to redeem their tether, Tether will be forced to dump their holdings (BTC, ETH, etc) for USD to give the redemptions. We're talking billions of dollars of bitcoin being dumped on the open market. Prices will collapse unlike anything we've seen in years. This all needs to stop. Please do not hold onto USDT, you may lose your pants. This beast needs to be pulled down. How can we get the exchanges to stop enabling this fraud? Do we need to call for SEC investigation and regulation? 1 2
- 1
- 3 months, 3 weeks ago
- Some Christmas Cheer in this Sh*t Market Come join us and cheer with a shitcoin this year. Bring holiday spirit and joy dont fret, jeet or be coy. If CEXs cause pain, come check out this stealth launch on Smartchain. Where a based and safe team can send you to the moon like a dream. They will market and fight and get x's all night. With a roadmap laid out and a telegram channel so loud! Its an hour old token with a lot of good vibes and a chart trend unbroken! Merry Jolly Doge to all, and to all a fun flight! Jolly Doge friends gather in one telegram: jollydoge
- 1
- 3 months, 3 weeks ago
- Warning about Coinbase One “free trial” — couldn’t cancel TL;dr **Warning for Coinbase users who receive a “free trial” offer — don’t do it.** Just a heads up, but I helped an older relative with cancelling a Coinbase One “free trial” offer. This is where you can buy crypto without fees and on paper, it looks like a good deal. The bullshit promotional offer promised cancellation was push-button-easy. Spoiler: It was not. My relative was able to initially access the add on and use it. So they set a reminder to cancel the recurring subscription about three days before the deadline. Surprise, when the date came the service was inexplicably unavailable, but had a placeholder image assuring them their funds were safe. They tried repeatedly over the next few days and the service was never available, but they could still buy and sell crypto. I saw them try this and it looked like Coinbase may have disabled access. My relative decided to simply cancel it since the product didn’t work. Guess what? THAT wasn’t available either through their account settings, but they got more assurances it was only temporary and their funds were safe. Again, it looked sketchy as hell and disabled. The online help didn’t address any of this and surprise, no agent was available to give support via the app. They called the 24/7 support line at +1 (888) 908-7930 and spoke with an agent named Mark. He tried to tell my relative that the app was “glitching” and suggested they uninstall the app, reinstall and wait and see if it resolves. My relative asked if other people trying to access the product or cancel the product were also having issues. They said yes, it was a known problem. Like I said, sketchy as hell. Relative demanded they cancel and refund the subscription fee since it had been unavailable for over a week. Mark said he would do that and to hold, but he hung up on them instead. Nice professional customer service from a financial institution makes me feel sooo secure. Relative waited five minutes and Mark did not call back. They called the 800 number again and jumped through all the verification hoops and got another agent. Mark didn’t cancel the subscription and didn’t refund the money, but claims my relative hung up on him and then did not answer the phone when he called back. Problem was that I was there and this didn’t happen and he didn’t call. This is some shady shit coming from Coinbase. We are moving my relative’s crypto to their own wallet. I just wanted to warn people to avoid this “free trial” like the plague.
- 1
- 3 months, 3 weeks ago
- So SBF made a bobo. The End?! I'm confused with this "interview," and I am more confused than ever. * So SBF didn't know anything that was going on with Alameda. How? And where are the follow-ups on how that is actually possible? * Who runs a multi-billion dollar company without a CFO or a board? Where's the follow-up? * Who invests in a "legitimate" company with no board or a CFO? * How did the Bahamian gov get access to funds? And what legal grounds did they have to just take them? * Who has backdoor access to the systems to siphon funds like that? * All U.S. customers can be made whole... does that translate to if I paid the American investors off at the expense of international FTX users, then maybe the American regulators won't come after me, and this can go away? * Why the fuck was he shaking the whole time? * Was Mommy and daddy in the room? * Where is Caroline and the other dipshit who I forgot his name? Are they still in contact? * Was the purpose of this interview to make us feel bad for the little shit? Edit: meant to say boo-boo
- 1
- 3 months, 3 weeks ago
- Tether USDT: Cold shower or Blessing? **USDT, the world's largest Stablecoin, is embarking on an "Ultimate Distribution". The decentralised $USTBonus and $USDTReward offer is controversial because only $1,000,000 can be claimed "for reasons of long-term security and stability, as well as for more streamlined liquidity" – Coindesk** Link: [here](https://cointelegraph.com.co/news/47536735) I think there is no ambiguity between usdc and tether usdt. Indeed USDT is well above usdc but this is factual, I think this airdrop will give a boost to the market in general, this is very good news so I mind ask what is the best for you, USDT or USDC ? I thought bear market would end because BTC and ETH are up 3%+ and other alts are even up 4-5% recently. This confirms the bottom is in and it’s essentially bull season again. Alts out performing BTC and ETH with such massive movements in a short time frame only lends credence to what we’ve all been waiting for and expecting- holiday pumps. Of course the market would rebound right after thanksgiving because everyone is feeling so charitable and in the holiday spirit.
- 1
- 3 months, 3 weeks ago
- Can Crypto pump as fast as it can dump? You know they say Bulls take the stairs, Bears jump out the window. Looking back the last 12 months Crypto seems to do exactly this. Slowly creeping up some days, then go down 10 to 30 percent in a matter of hours. I am in Crypto since 3/2021. Do you OGs remember times when prices went up more than 10% in a day? Please tell me yes, cause I need some hopium to look forward for the possibility of an incoming bullrun.
- 1
- 3 months, 3 weeks ago
- Steelman me: CBDCs won’t change anything. I've never heard a convincing argument that CBDCs will materially change anything. It appears to be a rehash of the usual "they're about to implement martial law" or "they're gonna make me go vegan" tropes. ​ Frankly I think all the surveillance that people are freaking out about is already here, keep in mind that your purchases are already registered and logged at almost all retailers, and if you pay by card, own a smartphone etc then your location, purchases, personal info is all kept by private companies and freely accessible to the government already. Amazon stores your purchase data indefinately. PRISM is understood to monitor *all* internet activity globally. Your browsing and purchases have been logged by government agencies for over a decade. ​ Any form of tyrannical control over markets can be done already if your government chooses to. A functioning democracy would need to legislate to regulate people's purchases. The law would fall upon retailers, payment providers and individuals. The same way tobacco is regulated - the buyer and the seller can both be prosecuted for unlawful purchases. That happens irrespective of the payment method. If the government can legistale the Fed's CBDC to force you to buy vegan food, then they can also simply legislate Walmart and Visa to do it too. And dictatorships already announce the regulation of purchases regardless of how you pay. ​ The CBDC argument also fails the common sense test - plenty of tyranny and control of goods and services exists withou the help of CBDCs, from Venezuela to North Korea, to milder examples like the regulation of tobacco and alcohol in developed nations. Additionally, things like rationing and temporary restrictions have also existed without CBDCs, from food in WW2 to PS5s at Gamestop. Eggs are rationed where I live right now because of bird flu. If lack of CBDCs and digital tech was the only thing that kept us from tyranny, then the USSR in the 1980s would have been a free-market paradise - Cash only, no cards, no computers. In reality, it was the opposite. ​ I think people are so reactionary and shallow in their understanding of politics and control that they're focussed on a complete red herring here. Frankly it reminds me of the Capitol Insurrection crowd, who espoused great concern about surveillance and control yet willingly used smartphone apps that recorded their location to private companies that were then subpoenaed by the government. If you have a smartphone, a Visa card and a social media account, then I cannot take your fears about CBDC privacy seriously. ​ I think everything that people are afraid of about CBDCs is already here. And I worry that hysteria over CBDC leads people to ignore the true invasions of our privacy like PRISM, social media companies, big tech etc.
- 1
- 3 months, 3 weeks ago
- Chains that have survived the bear market I've been using avax for a while now and I've got to admit it has been a good ride even through this bear market we are currently facing, I was wondering if there are any other chains that have held as well as avax has through these tough months? I would love to see if there are any just to research them and try to stash some money in them, I mean, I won't leave avax, I've got my bags there and I really love the platform and how smooth and fast it is, I just want to diversify my assets, I'll patiently wait for your recomendations frens o-o
- 1
- 3 months, 3 weeks ago
- Looking for DeFi enthusiasts’ feedback on new DEX features If you've had extensive experience trading or providing liquidity on DEXs, my team and I would love to get your input on some of the features of our DEX. We're eliminating slippage and impermanent loss, but **we need your help improving the several new features that make this possible:** * Discounted Trading Fees * No-Slippage Limit Orders * Single-Coin Deposits * Earning BONUS Fees when depositing You can test out demos of the features at our website [dividex.org](https://dividex.org). Please let me know your thoughts on any of the features you test! Would love to get your guys' perspective.
- 1
- 3 months, 3 weeks ago
- Husbands Are Hiding Millions in Cryptocurrency from Their Wives in Divorce proceedings, Lawyers warn Husbands Are Hiding Millions in Cryptocurrency from Their Wives in Divorce proceedings, Lawyers warn 1 2
- 1
- 3 months, 3 weeks ago
- Crypto dudes, a friend of mine needs our help to graduate! He must collect at least 100 respondents on this blockchain/crypto survey to do so. Let’s help him! The survey takes less than 5 minutes to complete, it is anonymous and you will only be asked questions about Non-Fungible Tokens, DAOs and GameFI in case you are already familiar with them. [https://forms.gle/t5t2TbjLQmps4s1dA](https://forms.gle/t5t2TbjLQmps4s1dA)
- 1
- 3 months, 3 weeks ago
- FINALLY! UK and European residents get another crypto card option. Anyone living in Europe knows that crypto card offerings have been very limited. A new Mastercard option was made available today for a bunch of countries. [Portugal](https://unbanked.com/card/europe/portugal/), [Croatia](https://unbanked.com/card/europe/croatia/), [Bulgaria](https://unbanked.com/card/europe/bulgaria/), [Slovenia](https://unbanked.com/card/europe/slovenia/), [Germany](https://unbanked.com/card/europe/germany/), [United Kingdom](https://unbanked.com/card/europe/united-kingdom/), [France](https://unbanked.com/card/europe/france/), [Spain](https://unbanked.com/card/europe/spain/), [Poland](https://unbanked.com/card/europe/poland/), [Belgium](https://unbanked.com/card/europe/belgium/), [Greece](https://unbanked.com/card/europe/greece/), [Finland](https://unbanked.com/card/europe/finland/), [Latvia](https://unbanked.com/card/europe/latvia/), [Italy](https://unbanked.com/card/europe/italy/), [Sweden](https://unbanked.com/card/europe/sweden/), [Liechtenstein](https://unbanked.com/card/europe/liechtenstein/), [Denmark](https://unbanked.com/card/europe/denmark/), [Malta](https://unbanked.com/card/europe/malta/), [Lithuania](https://unbanked.com/card/europe/lithuania/), [Slovakia](https://unbanked.com/card/europe/slovakia/), [Luxembourg](https://unbanked.com/card/europe/luxembourg/), [Estonia](https://unbanked.com/card/europe/estonia/), [Norway](https://unbanked.com/card/europe/norway/), [Hungary](https://unbanked.com/card/europe/hungary/), [Czech Republic (Czechia)](https://unbanked.com/card/europe/czech-republic/), [Romania](https://unbanked.com/card/europe/romania/), [Ireland](https://unbanked.com/card/europe/ireland/) ​ >Today, Unbanked Inc. has opened its [cryptocurrency card program to eligible residents in the U.K. and parts of Europe](https://www.globenewswire.com/Tracker?data=njzESi70LGPIcuRtNi07c-1SZoOGo61Cw5rPC2t1nLyBCZycBGZKRs3CrWjlJuoP4rlFRQ_V9T2O9FVBljWOPm2iE8W4Y-qpUVrhFyQEnMb6gl3UOQnxM1KVCPvtu0q-IEeY7Qg0CzdTV1IixJzNpxrPvdrQsVYGkUxQbZTnSkeNtYjLdavbx34Mqhs5oJRb). Unbanked Inc., a global fintech company connecting traditional banking products with blockchain, has partnered with Moorwand to provide card services allowing consumers to spend their digital assets through this approved program. Residents of the United Kingdom and other European countries can register their interest for a user account at Unbanked.com, deposit their cryptocurrency and, subject to approval, get a card for spending their digital assets. > >Unbanked card holders can use 15 different cryptocurrencies to fund their user account, including BTC, ETH, UNI, XLM, and UNBNK. Cryptocurrency funds are linked to a crypto-backed card, issued by Moorwand, so users can convert cryptocurrency to fiat in real-time at merchants where cards are accepted. The card provides a unique set of financial, payment and crypto services that improve the accessibility and utilization of digital currencies for cardholders. Press Release for anyone interested. [https://www.globenewswire.com/news-release/2022/11/30/2564984/0/en/Unbanked-Launches-Cryptocurrency-Card-Program-in-the-UK-and-Other-European-Countries.html](https://www.globenewswire.com/news-release/2022/11/30/2564984/0/en/Unbanked-Launches-Cryptocurrency-Card-Program-in-the-UK-and-Other-European-Countries.html)
- 1
- 3 months, 3 weeks ago
- Coinbase is automatically opting your funds in for staking when you exceed a minimum balance. They’re basically tapping into user funds without your explicit consent. Some of you who used coinbase pro have gotten your account migrated to coinbase advanced trading. https://preview.redd.it/0beet8utt33a1.png?width=694&format=png&auto=webp&s=c004deb3e062fde36c9e336d709f1da3cc7ff843 A main difference between coinbase pro and advanced trading is the staking(defi rewards) as you can see in the comparison below. https://preview.redd.it/bmr9plvzt33a1.png?width=854&format=png&auto=webp&s=9498c962a91256cf5e9830fe8ed183be41f7ecca The suspicious part is that all users who hold more than the minimum balance required are automatically opted in. https://preview.redd.it/krtp1mc8u33a1.png?width=829&format=png&auto=webp&s=3a97f5988be992276cf6e71150e892912594b456 I may sound crazy and paranoid, but that is a red flag and suspicious imo. Why opt in all users? why not let us manually do it. They're basically taking our funds without our consent. All users should be opted out until they choose to opt in. Some of you may say why not take the free 5%? as we now have learned thanks to many bankruptcies, not everything is risk free. Users should not be opted in automatically.
- 1
- 3 months, 3 weeks ago
- A Quicktake on Nexo, the next Alameda(?) This one is interesting and perhaps Prelude: Nexo is a Hedge Fund pretending to be a bank. Follow along as we dissect their claims and uncover its real risk, the answer may surprise you (?) [Nexo's Business Model and its tentacles](https://preview.redd.it/6gvy1t9nxx2a1.png?width=1200&format=png&auto=webp&s=0c219235a0fb4dbad7228c2763e58700cc69ff9f) ​ > [https://twitter.com/Nexo/status/1597268234239373312](https://twitter.com/Nexo/status/1597268234239373312) > > Example 1: Reverse cash-and-carry arbitrage, which combines a short position in an asset and a long futures position in that same asset, capturing the funding rate which at times can be substantial, especially during downturns. 15/33 While Reverse Cash-and-Carry Arbitrages are delta neutral, these positions are NOT risk free. They are vulnerable to change in volatility of the underlying and thus the cost of carry, which in this case is the funding rate for the short spot position. ​ >[https://twitter.com/Nexo/status/1597268236718211074](https://twitter.com/Nexo/status/1597268236718211074) > > Example 2: A market-neutral strategy in periods of heightened volatility involves price arbitrage – an asset is simultaneously bought & sold on 2 exchanges, capturing the spread. Few can capture that as it requires an inventory of various assets across different platforms. 16/33 Price arbitrage between 2 exchanges is called market making, The stuff that Genesis, Jump and Alameda used to do Two of the three example above are insolvent, while Jump mostly do deals where they get paid to market make Nexo’s quants are world best ? >[https://twitter.com/Nexo/status/1597268224273702912](https://twitter.com/Nexo/status/1597268224273702912) > >Compared to Aave and Maker, however, our liquidation engine is diversified across both centralized and decentralized exchanges, making Nexo much more efficient in execution and resilient to liquidity crunches. 11/33 This is what Alameda was doing at FTX With all the advantages of peeking at order flow and stop hunting other Hedge Funds, their liquidation engine still ended up with billions of illiquid collateral Nexo real time *“audit”* is **“AGREED UPON PROCEDURES REPORT”** Performed by Armanino by simply querying Nexo’s API This is equivalent to : >Armanino : “Nexo, you good?" Nexo: "We good brah, trust us!” [https://twitter.com/HappyHippoDefi/status/1597449701506572288/photo/1](https://twitter.com/HappyHippoDefi/status/1597449701506572288/photo/1) ​ Wrapping up, Nexo's structure was actually common 100 years ago, in pre depression era banks. Spoiler; They all died and this led to the great depression and Glass-Steagal Act Hope you find this content useful and be safe in this turbulent time as CEXes are falling left and right. ​ Source : [https://twitter.com/HappyHippoDefi/status/1597449688642297856](https://twitter.com/HappyHippoDefi/status/1597449688642297856)
- 1
- 3 months, 3 weeks ago
- Being you own bank… Being you own bank...
- 1
- 3 months, 3 weeks ago
- New Project: Real estate Trading On The Blockchain Despite all the negative stuff happening right now in the crypto world, I think this is the best time to build, particularly in DeFi. I would like to present a new project we've built for Chainlink's Hackathon and would love to get peoples' view on it. * The idea is to bridge off-chain real estate data with the blockchain and enable users to trade on real estate prices of cities from around the world. * The protocol is similar to Synthetix but for real estate and it's overcollateralized. * Just launched on Polygon's Testnet and would love to hear your brutally honest thoughts, considering that there is no established protocol for real estate. Ultimately our goal is to enable physical real estate to be put as collateral and even to enable on-chain mortgages. Lading page: [realblock.fi](https://realblock.fi) App: [app.realblock.fi](https://app.realblock.fi)
- 1
- 3 months, 3 weeks ago
- BlockFi sues SBF to seize his $575 million stake Yesterday, BlockFi announced that they've filed for bankruptcy. Today, they've sued Sam Bankman-Fried in order to seize his $575,000,000 in Robinhood. Why? Read carefully because you're in for a crazy ride. FTX took out loans from BlockFi, they used these funds and lent them out to Alameda Research. Alameda then lent out that capital to Emergent which is a company owned by SBF which he used to purchase his stake in Robinhood. Now guess what collateral SBF used to secure his loan that was also used to bailout BlockFi itself? Yes, you guessed correctly, he used his Robinhood stake (which technically was bought by the loan given by BlockFi to FTX). You'll probably need to read that twice to get the financial bullsh*tting used here.
- 1
- 3 months, 3 weeks ago
- Cryptocurrency as Payments in Brazil? Not exactly – Let’s talk about some confusion and misinformation being spread I'm seeing a lot of misinformation about the "Brazil Crypto Bill". Which many news portals are promoting as legal approval of using cryptocurrencies as payments in Brazil. TL;DR: Things are not what they seem. The bill began to be worked on in 2021, based on an old project from 2015, which was based on a report issued by the European Central Bank (of the same year).\* Law Inception. *\*this information is important.* And it underwent many modifications until the current version. The initial text had more than 33 articles (I read all of them) that intent to bring various regulations to the market, but mainly to institutions providing services related to cryptocurrencies. The current text, voted and approved, has only 4 out of 33 (\~10%). And the Art.4 is just defining immediate effect after presidential sanction (which has not yet happened). Only 3 articles really bring CHANGES in the legal scope and their intention is only to DELEGATE regulatory responsibility to the defined bodies. Just it. The Crypto Bill is just an initial regulatory movement, which defines WHO will regulate from now on. In this case: The Central Bank of Brazil (BACEN). The same Central Bank that in 2023-2024 should launch its own currency, whose other currencies that it will regulate from now on, are competitors. And it allows BACEN to use Consumer Protection laws and laws against Money Laundering Crimes for this purpose. The Crypto Bill DOESN'T turns cryptocurrencies into legitimate means of payment. It only recognizes that they are already used in this way and that, therefore, the Central Bank is the one who must create the rules for their use within SIX MONTHS after the presidential sanction. We are yet to find out if the regulations of the direct competitor of cryptocurrencies will be favorable or unfavorable to their use as money, but I am very pessimistic about this, for obvious reasons of CONFLICT OF INTEREST. The quote they are using to justify the incorrect headlines is not part of the law itself and has no legal effect with the recent vote. >"It constitutes a recognition that virtual currencies are payment systems and as such must be closely monitored." It is just a comment from the deputy who wrote the initial 2015 version, responding to an excerpt from the ECB report (2015). >“fall under the responsibility of the Central Banks insofar as their operation has shared characteristics with payment systems, which implies the need to examine at least some of their developments and the provision of an initial assessment”.
- 1
- 3 months, 3 weeks ago
- Trust Wallet hacked / all of my crypto stolen. Is there anything I can do? Yesterday I got a notification saying transaction successful from my Trust Wallet app. So I opened the app up to see that all of my Dogecoin, which I have been buying and saving for around 2 years now, had been transferred out. I can see the recipient address in the transaction details but I can’t see the option on the app to flag this transaction as fraud or that it wasn’t me who made it. Is there anything I can do to get the crypto back? Please help as this was my savings of years and I thought the Teust Wallet was a safe place to store Crypto, should I have left them on the exchange?
- 1
- 3 months, 3 weeks ago
- [SERIOUS]SBF Still Free and speaking at events. Had ties and meetings with SEC’s Gensler as well as CFTC. Politicians already tried blocking prior FTX investigation. Dozens of SBF-backed politicians were elected. Media defends him. When is justice coming? SBF donated $2M to the GMI PAC as well as $23M to the Protect Our Future PAC. All 19 of the congressional candidates backed by GMI PAC won their races last week, sending 16 new members to the House and Senate. 15 of the 19 backed by Protect Our Future went onto win. He also spent $6M on the House Majority PAC, though thankfully the majority of those candidates lost. Other FTX execs in Singh and Salame also made millions in donations to dozens of other candidates with varying degrees of success. At least eight politicians [have already attempted blocking](https://prospect.org/power/congressmembers-tried-to-stop-secs-inquiry-into-ftx/) prior FTX investigations. Five of them had clear donation-ties to SBF and FTX amounting to millions in total. Gary Gensler, SEC head, has also been linked to SBF himself having a meeting with SBF in March and further correspondence later. Gensler also has ties to Alameda CEO Caroline's father, with whom he worked with at MIT. SBF also had a lot of meetings with the CFTC as well. A former CFTC commissioner Mark Wetjen even joined FTX US as Head of Policy and Regulatory Strategy. The media seems to be defending with referring to FTX execs as 'kids', Alameda CEO as 'Queen Caroline' and 'math wiz and Harry Potter and risk lover' and SBF as a 'crypto mogul' and someone trying to prevent future pandemics with his donations. There was little to no mention of criminality or fraud meanwhile new FTX CEO, somehow who oversaw the collapse of Enron says "never have I seen such a failure of cooperate controls'. Meanwhile SBF is still walking free. As a matter of fact he is set to speak at New York Times Summit. This is among other speakers the likes of Ukraine President Zelensky, Mike Pence, Mark Zuckerberg, Treasury Secretary Janet Yellen, Former Israeli PM Netanyahu. What is really going on? When is justice coming? [https://www.washingtonpost.com/business/2022/11/28/sam-bankman-fried-ftx-cftc/](https://www.washingtonpost.com/business/2022/11/28/sam-bankman-fried-ftx-cftc/) [https://www.nytimes.com/2022/11/21/technology/gary-gensler-crypto-sec.html](https://www.nytimes.com/2022/11/21/technology/gary-gensler-crypto-sec.html) [https://www.forbes.com/sites/javierpaz/2022/05/28/ftx-billionaire-sam-bankman-fried-seeks-knighthood-at-the-cftcs-round-table/?sh=3f971a2f42c0](https://www.forbes.com/sites/javierpaz/2022/05/28/ftx-billionaire-sam-bankman-fried-seeks-knighthood-at-the-cftcs-round-table/?sh=3f971a2f42c0)
- 1
- 3 months, 3 weeks ago
- Does anyone trade with leverage here? I'm a guy who likes taking risks, and firmly believes in high risk high return (so basically a gambler). And whenever I trade leverage I feel scared and exited at the same time. The moment I enter a position and watch the chart draw out its graph I'm at an immense state of nervousness. As the price fluctuates I feel like my heart beat also fluctuates. Mind you, I only trade with 25x or above, no pussy scaredy cat trading. Everytime I see that +50% profit after entering a position for 10 minutes, I feel like passing out due to overwhelming joy. Even A 1% price change to me is like having an insane bull run, or a bear run. The more trades I do I sense myself getting number to profits and losses. Do I need to stop? Should I stay away from crypto at this point? I've only lost 2 grand so far but I'm scared I might lose more 1 2
- 1
- 3 months, 3 weeks ago
- Lately I’ve been doubting all existing messengers and their privacy. Are there any private messengers/communication protocols? I’m going to stop using Telegram and I haven’t used Whatsapp for a long time already. Facebook is just well, we all know your data is not safe there. Instagram is under Meta which means it’s the same situation as Facebook. These are the most popular and common communication apps I know and use, which my friends and family use also. I heard about Signal but have no experience with it. I’m here with the question: what can I do? What messengers can I use? I know there are some decentralized messengers but I have no idea whatsoever how it works and all that. I suppose they are the safest but guess they can be not that fast as the transaction time on blockchain can cause some time delays. I’m open to any suggestion and of course I’ll appreciate it if you share any alternatives to keep my communications and data safe.
- 1
- 3 months, 3 weeks ago
- I don’t invest in BTC because it’s the best option, I invest in it because it’s my only option! Let me be clear: I really believe in BTC. And I include ETH in that basket (and a couple of alts). But that's not the only reason why I invest in it. The thing is: for someone who doesn't earn a lot, what other option do I have? Real estate is not in the cards. Stock market is manipulated as fuck. Even if you choose companies with potential, it means nothing, due to hedge fucks and market makers. ETFs? Same. Bonds? Not worth it, in my view, because of the low returns and the fact I don't want to extend FIAT cycles. Precious metals? Expensive to keep safe. As a millenial, I don't see many options, tbh. Sure, crypto is risky, but so it is to be alive. And at least, I can dca the few bucks I have left, at the end of each month. And I feel angry, because I did everything society told me to do: study, take a masters, and work. But with 34y, I still live with my parents, and it seems impossible, at this point, of having my own place. So, i'll go abroad, and keep working to invest. Yeah sure, bear market can really take a long time, we keep seeing crypto companies go down like fucking house of cards, wich can ultimately be good for the space, but hurting a lot of folks right now. However, I still have hope in the future, and I don't see how crypto won't be part of that future. At this point, we seem to be at a crossroad, either crypto will be a mechanism of governmental control or the only way of buying true freedom. At the end of the day, the truth remains: no one knows shit about fuck, so I'll keep throwing money to the pit fire, who knows, in the future it might keep me warm. And I know i'm not alone. This bear market can really be a life's opportunity or just a big nothing burger. I'll take my chances, because at the end of day it's hard for me to be in a worst spot than the one i'm in, right now. Don't fear the bear, homies. Bull will eventually come. I hope.
- 1
- 3 months, 3 weeks ago
- Looking for genuine opinions With the huge turmoil in the crypto industry, it is wise to switch towards traditional investment options such as gold and FDs or are there any genuine ways to park money in crypto and earn regular interest from that?
- 1
- 3 months, 3 weeks ago
- DO YOU TRUST WHO YOU FOLLOW? I have come across this misleading post from an Influencer having his opinion about an event recently offered by centralized exchanges. https://preview.redd.it/jjln7jtdg23a1.png?width=795&format=png&auto=webp&s=3eafe3dfc5da8b38f9cc24cc6afcd874bffc42c4 Refer to: [MEXC to Launch Zero Maker Fee Event for All Futures Trading Pairs – Announcement](https://support.mexc.com/hc/en-001/articles/12944864220185-MEXC-to-Launch-Zero-Maker-Fee-Event-for-All-Futures-Trading-Pairs) It is understood that KOL's have partnerships with other brands but to discredit centralized exchanges is something that we don't really need during this bear market. Key Takeaway: The influencer is working with a DEX https://preview.redd.it/g99piongg23a1.png?width=597&format=png&auto=webp&s=51d128f71dceb4d4e4f45f2d249753a9c0b09da4 There are plenty of marketing mistakes brands/platforms make all on their own that are causing their users to lose faith not only in influencers, but in brands/platforms themselves. At the end of the day, be careful who you choose to follow and Stay Safe!
- 1
- 3 months, 3 weeks ago
- Matic vs Arbitrum vs Optimism vs Metis pro and cons of each ? Hi guys, I'm looking into Layer 2 solutions for Defi on ethereum network. Of course I can just google the overall differences myself from official sources but I'm looking for a more personal user experience and issues that are not covered. Thoughts?
- 1
- 3 months, 3 weeks ago
- BTC Whales Load Up Over $789,000,000 in BTC in Less Than One Week ​ A leading crypto analytics firm finds BTC (BTC) whales are re-accumulating after selling off huge amounts of the top crypto asset in the wake of FTX’s implosion earlier this month. *“BTC’s whales have now spent 13 months dumping their cumulative holdings as prices have slid.* *However, following a big push down in the first three weeks of November as FTX news broke, 47,888 BTC has been accumulated back in the past five days.”* Santiment also notes that the crypto markets have been showing a preference for altcoins over BTC in the past seven days. ​ https://preview.redd.it/35y9c5bry13a1.png?width=2533&format=png&auto=webp&s=9b0d2c34e43338fa4fcd7561b5481cd2aba30be6 More info and Source: [https://dailyhodl.com/2022/11/30/bitcoin-whales-load-up-over-789000000-in-btc-in-less-than-one-week-analytics-firm-santiment/](https://dailyhodl.com/2022/11/30/bitcoin-whales-load-up-over-789000000-in-btc-in-less-than-one-week-analytics-firm-santiment/)
- 1
- 3 months, 3 weeks ago
- Binance won’t allow me to withdraw my funds. They have also deleted my account! Binance stole 39,579,229.65 usdt from me? So I was future trading on binance for over a year started off with around 2 million usdt and shorted btc and others when btc was around 45k and cashed the future when btc was at 19k. I had 39,579,229.65 usdt in my account I tried to withdraw my balance to my ledger when binance asked for extra security due to the large amount which I followed their instructions completed video after video and ID documentation. All seemed well until they told me there was a technical issue (CS Jakub) he said I had broke terms of service and I would have to delete my account and then binance will do the transfer from their end that was all fine, got emails of the withdrawal confirmations and success. Was told I needed to wait until all 8 where done and binance would send it all together after all 8 where done I was told it was being run through compliance and then communication changed they told me to get a lawyer involved. I have done so and they have not responded to the lawyer once. Now when I contact Customer support they cannot find my account or any trace of the transactions.... did someone from customer service steal my funds and hide their tracks? Before anyone asks yes this was all done through the official binance app and Binance.com, all emails I received had my wallet addresses on them, so only option is some shady stuff internally....
- 1
- 3 months, 3 weeks ago
- Is anyone else leaving smaller token balances on centralized exchanges just because the gas fee adds up moving out to ledger, then back to exchange to sell later? Say it's a $200 balance. If I move it $10 each way, it's already down to $180 worth of coin. The coin in question is from Coinbase, so there's no waiting to get in cheaper on a later block. I've moved my stuff around so much that there's little left to move and residual crypto dust everywhere. Getting stuff out of other exchanges is a flat rate of $60, so it's really not worth moving $70 to Ledger unless going for tax loss harvesting. When is ETH going to get cheaper to use? I thought the merge was going to fix that somewhat before sharding. Is it just the high traffic from everyone fleeing exchanges?
- 1
- 3 months, 3 weeks ago
- Don’t blame others when you get scammed by CeFi. We’ve been saying “not your keys, not your coins” for years now and no one is listening. ***This post is in light of the recent BlockFi bankruptcy.*** Yes, these centralized exchanges and financial platforms are AWFUL for what they’re doing, but you also have to take responsibility for not being careful. You gave these companies the full right to your funds and thus they can block them, seize them, and do many more things without having to inform you prior. They’re very clear with that and you agreed to it. Are they excused for what they’re doing? Of course not. Could you have averted this disaster? Of course yes! We are the reason these companies have this much power and influence in the market in the first place. What happened to decentralization and self governance? DeFi was the whole concept behind the creation of cryptocurrencies and blockchain. Why is the market suddenly so CeFi centered? I don’t get why anyone would prefer CeFi over DeFi when the latter has many more advantages. For one, you have full custody and control over your funds. Secondly, there are many more features to play with. Compare something like FTX or Binance with something like Gains Network on Polygon. The latter has a MUCH higher diversity in coins. You can leverage much higher as well even with Forex. Most importantly you dont have to worry about your funds getting legally stolen from you like with these exchanges. I certainly feel bad to the people losing money with these centralized exchanges but then again, yall need to start learning. We’ve been warning yall about this for the longest now.
- 1
- 3 months, 3 weeks ago
- AMMdefi Auto Crypto Trading site with great yields Hey, just got tipped off on the AMMdefi crypto trading site from a mod at Momentum project. Users deposit USDT via Tron network ($1 transfer fee) from their wallets, and you get a $10 signup bonus: [http://h5.ammdx.com/#/pages/auth/register?code=hIJhda](http://h5.ammdx.com/#/pages/auth/register?code=hIJhda) Click the Recharge button after you have registered, in order to get your unique deposit address to send USDT to, put in the amount you are transferring, then go to your CEFI or private wallet and send the USDT to that address on TRC20 network. Then click the Start button twice every day to generate the trades in the back end of the site, and your return on the trade will be displayed after a few minutes. You qualify for 2 trades per day if your first deposit is $60 or higher. Each trade will yield at least 1.5% minimum return. Message me if you need any help.
- 1
- 3 months, 3 weeks ago
- Gemini is compromised. Gemini user data is being used for complex phishing attempts. I just got an email allegedly from Metamask saying I have to sync my wallet due to the merge. The address is from a Seattle heating company, and the link does not match the one in the email. I use email aliases so each online account has a specific email linked to it. This phishing attempt went to the email used by and only by my Gemini account. Thankfully I have no funds there but this was a complex phish and twitter has another [example](https://twitter.com/btc_cfo/status/1597382743171936256) of an SMS-based Coinbase phishing attempt. [Email I received ](https://i.imgur.com/MpkjbEA.png) [The website that the link takes you to](https://i.imgur.com/NQohUJa.png) Gemini is compromised. Either they sold their user data or got hacked.
- 1
- 3 months, 3 weeks ago
- Portfolio Management Legos Hey everyone! I've made a few posts over the last month talking about my team team at [https://app.sommelier.finance/](https://app.sommelier.finance/). While I think what we're building is really great and improves DeFi user's lives, I won't shill you on that. Instead, I wanted to talk about an emerging user behavior that yall might find interesting since we always talk about DeFI as money legos. Sommelier is a platform for automated DeFi strategies. Our strategies are non-custodial and automated like Yearn vaults, but a bit more dynamic. Our platform only has 5 strategies at the moment, all with different assets, risk tolerances and investment horizons. What we're observing is that users have started participating in multiple strategies at the same time, effectively creating their own meta strategy. As an example, one user split their portfolio 60/40 across two strategies that hold BTC and ETH. While both strategies are probably 85% similar, one is a bit less volatile so they allocated slightly more to that strategy to reduce their overall volatility. I can see this further happening with different stablecoin strategies. You could have the majority of your funds in a stablecoin strategy that optimizes lending on Aave and then allocate 10% to a risk-mitigated USDC-ETH trading strategy for a little extra yield. Anyways, I think yall get the idea. The punchline is that I expect this money lego / composability theme to continue across DeFi, especially with other projects that are doing things similar to us. Happy degening!
- 1
- 3 months, 3 weeks ago
- Attention everyone: BTC is up, bull market is back So I just got an update from coinstats, BTC and ETH are up 3%+ and other alts are even up 4-5% recently. This confirms the bottom is in and it’s essentially bull season again. Alts out performing BTC and ETH with such massive movements in a short time frame only lends credence to what we’ve all been waiting for and expecting- holiday pumps. Of course the market would rebound right after thanksgiving because everyone is feeling so charitable and in the holiday spirit. Legend has it that every time you hear Mariah Carey or Michael Buble over the next month, someone buys BTC- it’s a proven fact. So we can all stop worrying about FTX and CEX drama or tether FUD. 100k is right around the corner. Source: I did my own DYOR and my magic 8 ball said “try again later” when I asked if crypto was back. It wasn’t a no, so it’s a win. 1 2
- 1
- 3 months, 3 weeks ago
- Brazil Approves Bill Regulating Use Of BTC As Payment | BTC Magazine – BTC News, Articles and Expert Insights Brazil Approves Bill Regulating Use Of BTC As Payment | BTC Magazine - BTC News, Articles and Expert Insights
- 1
- 3 months, 3 weeks ago
- Secret network’s (SCRT) confidential transactions have been compromised. Secret uses a TEE to confiscate transactional information. These TEEs on Secret network have been compromised, a group has been able to obtain the master decryption key for the whole network. How this is done can be read here: [https://sgx.fail/](https://sgx.fail/) Also a twitter thread about the whole situation: [https://twitter.com/socrates1024/status/1597637285058863104](https://twitter.com/socrates1024/status/1597637285058863104) It is important to note that there are ways to still use TEEs that rely on SGX as there are ways to mitigate the possibility of this happening as was commented by Thomas Yurek here: [https://twitter.com/tom\_yurek/status/1597662052318728192](https://twitter.com/tom_yurek/status/1597662052318728192) Hopefully, people with more knowledge about the situation can comment on this.
- 1
- 3 months, 3 weeks ago
- FTX fans and Solana fans are the same people, prove me wrong FTX was created to not help anybody, not serve a function, not be fair, and give nothing back. It existed only to feed itself. And yet people were going crazy over it, they shilled it to the moon. And those shillers seemed to fall into 3 camps: 1- Insiders with ownership 2- People paid to hype by #1 3- People who fell for #2 Name anything FTX did better than Coinbase?? Nothing. And if FTX had succeeded, the space would have shitty regulation geared to protect FTX itself. I’ve been in this space for 2 years, and I’ve never been rug pulled or had a coin taken from me, so maybe I’m not being as compassionate as some others here. It seems pretty simple though, put your coins on your ledger, never buy exchange coins (FTT binance coin), and only buy if it serves a function, even a tiny function. Now people are doubling down on Solana, the cousin with benefits of FTX. Once again, seems to fall into three categories: 1- ICO holders, and boy do they have an enormous bag of coins they paid $0 for (70% of the coins is that right??) 2- People paid by those people 3- moonboys falling for it And it looks like the exact same group of people who were hyping FTX
- 1
- 3 months, 3 weeks ago
- Algorithmic Stablecoins – If the USD itself falls in value (e.g. inflation), does the algorithm react? Sorry for what could be a really bad question, but I've confused myself fundamentally. Correct my thinking please. Consider algorithmic stablecoin X pegged to the USD If there's excess demand/limited supply for X, say X=$1.25, then the algorithm will issue more coins to devalue X. If there's fallen demand/excess supply for X, say X=$0.75, then the algorithm will burn coins to revalue X back to the target. However, what if the USD itself rises or falls in value, and nothing changes in demand/supply for the stablecoin? Does the algorithm do anything? **Another angle to view the question:** The examples above are as though the *cause* in the changed exchange rate was demand *for the stablecoin*. However, what if the cause wasn't a change in demand for the stablecoin, but *instead* a change in demand *for USD*? What provoked the thought was inflation. If inflation erodes the value of the dollar, but demand hasn't changed for stablecoin X, would the algorithm react?
- 1
- 3 months, 3 weeks ago
- You must be logged in to create new topics.