The anti-crypto thread

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Heartbreaker

Heartbreaker

Diamond Member
Apr 3, 2006
5,220
6,837
136
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AdamK47

AdamK47

Lifer
Oct 9, 1999
15,821
3,620
136
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Heartbreaker

Heartbreaker

Diamond Member
Apr 3, 2006
5,220
6,837
136
Binance's turn. :D


The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit​


The Securities and Exchange Commission has filed 13 charges against Binance, the world's top crypto exchange, as well as its billionaire co-founder and CEO, Changpeng Zhao, who is widely know as CZ. It's the latest in a string of actions being taken against crypto companies.

In a lawsuit filed in the U.S. District Court for the District of Columbia, the S.E.C. accused Zhao and his company of misleading investors about Binance's ability to detect market manipulation as well as of misusing customer funds and sending some of that money to a company controlled by CZ, among other charges.
Click to expand...
 
BFG10K

BFG10K

Lifer
Aug 14, 2000
22,709
3,005
126
But a few pages ago cryptobois were telling us Binance was "1:1" with assets, so there was no chance it could fail. o_O
 
Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,745
13,855
126
www.anyf.ca
VirtualLarry said:

Ethermine, one of the LARGEST ETH mining pools is SHUTTING DOWN on July 1, 2023.

"The ERA of MINING is OVER..."
Click to expand...

That's the pool I was with when I was mining. Was a fun run! I wish I had kept my ethereum though, I had around 2.5 eth if I recall, which is like $2,500 or so right now. It was around like $300ish or something at the time and felt it was not worth the trouble of converting it and figuring out the taxes.
 
Fanatical Meat

Fanatical Meat

Lifer
Feb 4, 2009
35,862
17,405
136
I still don't get what the purpose of crypto is? Only partially decent answer I got was it is easier to send money to someone who lives within an oppressive regime.
What does crypto do that cannot already be done with standard banking or cash or credit?
 
snoopy7548

snoopy7548

Diamond Member
Jan 1, 2005
8,274
5,348
146
Something about decentralization. Like, the government doesn't "control" your money, and if your country's currency goes to shit, your crypto will be "safe." Both of which make zero sense.
 
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biostud

biostud

Lifer
Feb 27, 2003
19,971
7,066
136
Fanatical Meat said:
I still don't get what the purpose of crypto is? Only partially decent answer I got was it is easier to send money to someone who lives within an oppressive regime.
What does crypto do that cannot already be done with standard banking or cash or credit?
Click to expand...
It is electronic Anarchy cash.
 
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