The anti-crypto thread

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Nov 17, 2019
10,668
6,389
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Do we already know this?

'Hacked' FTX scrambles to quarantine whatever crypto is left in it

mashable.com.ico
Mashable|48 minutes ago
No less than $1 billion worth of customers' cryptocurrency apparently vanished from FTX.


..
 

BFG10K

Lifer
Aug 14, 2000
22,672
2,817
126
They want regulations when regulations pay them (like when the FDIC pays out insurance money).
Of course. They also want government cops paid by fiat to recover funds they steal from themselves in their delusional utopia.

No less than $1 billion worth of customers' cryptocurrency apparently vanished from FTX.
It's funny how easy it is to loot "secure" blockchain. Just walk out with no trace or consequences.
 

JEDI

Lifer
Sep 25, 2001
30,160
3,300
126
Around $201. If you bought at the time, you would be up 30% on Nov. 7th. As of now, down 13% to 15%.
interesting that mstr stock price has only sunk ~15% while btc has sunk ~30%.

so mstr's other business ventures is propping up the stock price.
so $80/share price tag might not be the buying point.
it might be higher
 

njdevilsfan87

Platinum Member
Apr 19, 2007
2,327
249
106
Its time to go all in and make them millions?

There's always the chance of the Tether bomb...

I don't see the usual defenders come to this thread anymore. It's not much fun without people like beginner99 posting here.

Ok. I'll go for it.

Back in August Ethereum fees dropped as low as 3-5gwei. It was dirt cheap to use. Today the fees only get as low 9-11gwei, so there is a 2-3x sustained network usage off of the lows. Also, GoerliEth - the token for the main test net - is really difficult to obtain right now. This suggests that development is picking back up as the "old guard" collapses. The fees are a huge deal because right now there's this window to actually deploy and even scale on Ethereum - something that wasn't possible during the bull run when minimum fees were only hitting 35-50gwei. Some realize this and are taking advantage.

Ethereum will eventually bounce back.
 

AdamK47

Lifer
Oct 9, 1999
15,168
2,829
126
There's always the chance of the Tether bomb...



Ok. I'll go for it.

Back in August Ethereum fees dropped as low as 3-5gwei. It was dirt cheap to use. Today the fees only get as low 9-11gwei, so there is a 2-3x sustained network usage off of the lows. Also, GoerliEth - the token for the main test net - is really difficult to obtain right now. This suggests that development is picking back up as the "old guard" collapses. The fees are a huge deal because right now there's this window to actually deploy and even scale on Ethereum - something that wasn't possible during the bull run when minimum fees were only hitting 35-50gwei. Some realize this and are taking advantage.

Ethereum will eventually bounce back.

There are so many hurdles to overcome from the fallout of FTX when it was once perceived as trustworthy and stable. Getting people to put money into cryptocurrency was already a mind game. This plants a viable seed of doubt.
 

njdevilsfan87

Platinum Member
Apr 19, 2007
2,327
249
106
There are so many hurdles to overcome from the fallout of FTX when it was once perceived as trustworthy and stable. Getting people to put money into cryptocurrency was already a mind game. This plants a viable seed of doubt.

What is happening now in crypto may be its 2008 financial crisis. But, things change and evolve. The rules change - regulations will come, just like they did after 2008. People forget and a new generation replaces those that don't. And that new generation will have more safeguards both externally (regulations) and internally (a more skilled dev ecosystem having learned and patched holes via trial-by-fire) to help prevent again what is happening now.
 
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