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Qwertycoatl
Dec 31, 2008

Binance office raided by police
https://www.theblockcrypto.com/post/47922/binances-shanghai-office-shut-down-following-police-raid-sources-say

quote:

Binance’s Shanghai office, which once hosted some of the exchange's top executives, abruptly closed its doors in recent weeks, forcing employees to either work remotely or relocate to Singapore, several sources close to the matter told The Block.

According to sources, the cryptocurrency exchange’s Shanghai office was recently raided by local police. Sources said many of Binance's executives along with as many as 100 other employees worked at the office. The cryptocurrency exchange is headquartered in Malta.

Notably, top executives such as CEO Changpeng "CZ" Zhao and CMO Yi He were part of the group that relocated to Singapore, according to sources.

In a tweet dated Nov. 20, Zhao said that office and headquarters are outdated concepts and "time is moving on."

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Qwertycoatl
Dec 31, 2008

Boxturret posted:

does that mean bitcoin will go below 10k :ohdear:

the price has been above 10k since october and its still going up:

Qwertycoatl
Dec 31, 2008

nerdz posted:

You're gonna need google translate for this one but it's super funny. Some brazilian dude created a scam shitcoin, swindled a lot of people, one of them decided to kidnap his mother and sister in law

https://g1.globo.com/go/goias/notic...-para-mim.ghtml

nice try but you're not going to make me read an article about bitcoins, brazil and someone's sister

Qwertycoatl
Dec 31, 2008

CampingCarl posted:

print in 6 hours and then no testing after manufacture or install on the part made by a vendor chosen by "they were closest".

if it ends up making the plane explode just give the seller a scammer tag on the immutable blockchain, problem solved

Qwertycoatl
Dec 31, 2008

Boxturret posted:

watching videos is not a crime wft

if it's not a crime then how come a cryptocurrency is involved?

Qwertycoatl
Dec 31, 2008

CampingCarl posted:

figure 2 is actually direct. your money goes to a random device on the network and if its not for them they keep it

Qwertycoatl
Dec 31, 2008

Gazpacho posted:

when it comes time for grover to sell that house the notoriety will more than compensate for the workmanship

like the johnny five aces drawing, it will sell for $5,100

Qwertycoatl
Dec 31, 2008

has anyone said

Boxturret posted:

Buttcoin
Buttcoin Cash
Buttcoin SV
Buttcoin Gold
Buttcoin Diamond
Buttcoin 2
Buttcoin 21
ButtcoinHD
ButtcoinDark
Buttcoin Green
Buttcoin Red
Buttcoin CZ
Buttcoin Classic Token
Buttcoin Scrypt
Buttcoin Interest
Buttcoin Rhodium
Buttcoin Atom
Buttcoin Confidential
Buttcoin Private
Buttcoin Incognito
Buttcoin Turbo Koin
Buttcoin Fast
Buttcoin X
ButtcoinX
Buttcoinote
Buttcoinus
eButtcoin
Lightning Buttcoin
LiteButtcoin
Super Buttcoin
First Buttcoin
Wrapped Buttcoin
Tonal Buttcoin
Buttcoiin
yet?

Qwertycoatl
Dec 31, 2008

https://mobile.twitter.com/DanielKrawisz/status/1226843387061571584
https://mobile.twitter.com/jimmy_wales/status/1226868636020805632

Qwertycoatl
Dec 31, 2008

*thing would, in fact, cause the problem its intended to solve

Qwertycoatl
Dec 31, 2008

in some countries? maybe? please?

Qwertycoatl
Dec 31, 2008

Hammerite posted:

the lightning notwork is still a proof of concept that requires solutions to presently unsolved CS problems in order to work properly, right?

depends, why are you asking? if you're pointing out that bitcoin doesn't scale, then the lightning network is complete and fully functional. if you're pointing out a problem with the lightning network, it's just eary proof of concept at the moment.

Qwertycoatl
Dec 31, 2008

with bitcoin you are your own bank so for a fair comparison they need to include the energy use and toxic emissions from all bitcoiners

Qwertycoatl
Dec 31, 2008

Wutang-Yutani posted:

Hmm I see, thanks.
Not child porn and fentanyl but gambling, it's the only way in my stupid country now.
Is it trivially easy to see the address the coins came from or do you need nerd powers?

the police know where the coins came from, your mum doesn't

e: unless your mum is a cop

Qwertycoatl
Dec 31, 2008

don't be the poop

Qwertycoatl
Dec 31, 2008

bitcoin is like coronavirus, nobody wants to be near anyone who has it

Qwertycoatl
Dec 31, 2008

a method of converting stolen credit cards into bitcoin by means of patsies buying stuff off amazon

Qwertycoatl
Dec 31, 2008

my favourite thing about the mt gox thefts is that some of the transactions done by the thief to take bitcoins out were interpreted by mtgox systems as putting bitcoins into random people's accounts, and then of course these people see that they have mystery bitcoins in their accounts and withdraw them. it takes special skill to write code so bad you can have the same bitcoins stolen twice

Qwertycoatl
Dec 31, 2008

Hammerite posted:

It is interesting that they used to print tethers in the tens of millions and now they apparently do it in the hundreds. Like the amounts they have to print are increasing exponentially. I dare say it's probably a well known economic principle in action but I don't know anything about economics so i have no idea. I wonder whether the number of issued tethers will blow past $1 trillion by the time it collapses

it's a well known accounting fraud thing. if you're cooking the books, it's generally not a one and done thing, you have to keep doing the same fraud over and over to sustain the original lie, and add in new fraud to maintain the illusion of profitabliilty, and then do more fraud to cover up that fraud, and so on

Qwertycoatl
Dec 31, 2008

$2,448 in cash, $79,283 in starbucks gift cards and $5,190,063 in cryptocurrency that the exchange totally hasn't stolen yet

Qwertycoatl
Dec 31, 2008

Boxturret posted:

its so weird how craig is desperate to be declared satorshi which can only end with him getting hunted down and his brain scooped out to be put in a bitcoin miner to mine pure strain bitcoin

:wrong:

it's not weird at all to transcend your physical body and become an existence of pure bitcoin

Qwertycoatl
Dec 31, 2008

divabot posted:

Gosh, this poker table seems completely devoid of suckers!

https://twitter.com/tonysheng/status/1274393189231689728

it's amazing how on reading this i have no idea how the scheme is acutally supposed to work but it's so incredibly obviously a scam

Qwertycoatl
Dec 31, 2008

i expect the opinion that got him banned from paypal was something like "it's okay if random people paypal me money in exchange for bitcoin"

Qwertycoatl
Dec 31, 2008

i sent -1073741825 bitcoins and got 2147483646 back, the system works perfectly

Qwertycoatl
Dec 31, 2008

it's not part of the immutable postchain unless six people confirm it

Qwertycoatl
Dec 31, 2008

do they ever explain how, or if, you leave your sea-pod once you've been sealed in?

Qwertycoatl
Dec 31, 2008

gschmidl posted:

Why would you?

because i already ate the three plants that come with the pod and the heavy metal poisoning from the raw fish i managed to catch isn't turning my body into bitcoin fast enough

Qwertycoatl
Dec 31, 2008

https://twitter.com/NicoDeva_/status/1317689811046522880

butt-touchers spent $240m of actualmoney on hardware to mine filecoin but they can't because of <incomprehensible cryptocurrency mumbling>

must die bye bye bye bye

Qwertycoatl
Dec 31, 2008

lol that money can't buy respect

Qwertycoatl
Dec 31, 2008

Boxturret posted:

i think most bitcoiners are pretty clear in their desire to be the cool guy that looks down at the suffering masses and say "no" to their cries of help

yeah, it's very noticeable that their imagined world after bitcoin takes over is about nocoiners begging them for scraps rather than people continuing to do actual jobs but in exchange for bitcoin instead of dollars

Qwertycoatl
Dec 31, 2008

Shame Boy posted:

Without Hal Finney’s suggestion of this first protocol, it’s likely that the project would have stopped there and became lost to history.

i'm the aliens waiting thousands of years for humanity to have the technology to make bitcoin, until someone points out to them that they could just make it themselves if they want

Qwertycoatl
Dec 31, 2008

Shame Boy posted:

my favorite variant of that was when they'd nag a store into accepting bitcoin with the promise that everyone on bitcointalk would flood them with orders, then literally nobody would use it so a year later they'd stop accepting it, at which point the bitcoiners would somehow find out and be outraged and declare that they would forever boycott the store or w/e

my favourite variant was the store which did accept bitcoin, and on an average month got zero people paying with bitcoin and three people telling them that they'd have bought something if they accepted bitcoin

Qwertycoatl
Dec 31, 2008

https://twitter.com/eKRENZKE/status/1341151541185548290

Qwertycoatl
Dec 31, 2008

the main purpose of proof of stake is so that if someone says "this nft thing is burning the planet" you can say "well only right now but it's going to start using proof of stake any time now so your argument is invalid you fiatailure"

same as lightning network if anyone complains about bitcoin transaction fees

Qwertycoatl
Dec 31, 2008

what's even the pitch for fei? "buy our stablecoin so that when the price doesn't go up you don't make a profit"?

Qwertycoatl
Dec 31, 2008

Qwertycoatl posted:

what's even the pitch for fei investors? "buy our stablecoin so that when the price doesn't go up you don't make a profit"?

Qwertycoatl
Dec 31, 2008

Ocean of Milk posted:

Do I understand correctly: If they actually had that, the meaning/implication of this would be that in the scenario when people for some reason or other want to have their tethers replaced by actual dollaridoos, tether ltd would honor that agreement i.e. would in fact take your tethers and give you dollars in a 1:1 ratio. And the assumption that they could do that if necessary is what makes tethers valuable at the current point in time?

yes, that's how it allegedly works, although their terms and conditions says that they don't have to redeem them if they don't want to.

also, they won't redeem your tethers, you're not important enough. but there are a lot of people redeeming tethers, just off-frame

Qwertycoatl
Dec 31, 2008

in this case they transfered it then transfered it back for some reason

Qwertycoatl
Dec 31, 2008

The_Franz posted:

and legit thought he was hiring internet assassins who turned out to be feds

one of the intended victims was also the feds

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Qwertycoatl
Dec 31, 2008

binance getting annoyed at ol musky

https://twitter.com/cz_binance/status/1400749677322981378

counterpoint: lol

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