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Interesting to see this play out in the crypto world in real time. CZ is coming across as the only legit player left in the space. And it seems hard to imagine

Interesting to see this play out in the crypto world in real time. CZ is coming across as the only legit player left in the space. And it seems hard to imagine he'd be putting a spotlight like this on himself if things weren't airtight over there. Looks like Binance will be the winner take all.

buitreVirtual 4y ago
I don't think he is chasing the spotlight more than necessary to promote his business. Besides, chasing the spotlight does not imply honesty. Just look at SBF.
Animats 4y ago
He doesn't even have a business address.
- moralestapia 4y ago
  How does he operate though? Where does he send/receive fiat?
  - lazide 4y ago
    Normally, Tether. Another steaming stinking bucket of goo no one wants to look too hard at, for fear it will actually be shit instead of the maple syrup they keep being promised.
  - deleted 4y ago
    [deleted]
skinnymuch 4y ago
SBF was in the spotlight. Possibly more than any other crypto person. If applied to CZ, it means he is a fraud too. To think his stuff is airtight makes no sense when there isn’t transparency.
- bogomipz 4y ago
  Not only was he in the spotlight but he was in the spotlight in Washington, D.C. rubbing elbows and yukking it up with lawmakers: https://fortune.com/crypto/2022/11/08/sam-bankman-fried-face-of-crypto-in-dc-regulation/ https://fortune.com/crypto/2022/11/08/sam-bankman-fried-face... https://archive.ph/klRPC https://archive.ph/klRPC
elefanten 4y ago
This isn't a very serious take. CZ came out of this interaction with FTX looking good, but he and Binance have had plenty of scandals and shady trails as well. Among the big exchanges, Coinbase has always been more conservative and regulation/oversight-minded. They've suffered for it in market share during bull runs, but after this kind of shake-out they end up looking much safer and more reliable than Binance. Or, Bitmex is further along in the process of rolling out proof of reserves and proof of liabilities than Binance is.
- rippercushions 4y ago
  This is the same Bitmex whose founders were all convicted for money laundering offenses, right? https://en.wikipedia.org/wiki/BitMEX https://en.wikipedia.org/wiki/BitMEX

buitreVirtual 4y ago

I don't think he is chasing the spotlight more than necessary to promote his business. Besides, chasing the spotlight does not imply honesty. Just look at SBF.

Animats 4y ago

He doesn't even have a business address.

moralestapia 4y ago
How does he operate though? Where does he send/receive fiat?
- lazide 4y ago
  Normally, Tether. Another steaming stinking bucket of goo no one wants to look too hard at, for fear it will actually be shit instead of the maple syrup they keep being promised.
- deleted 4y ago
  [deleted]

skinnymuch 4y ago

SBF was in the spotlight. Possibly more than any other crypto person. If applied to CZ, it means he is a fraud too. To think his stuff is airtight makes no sense when there isn’t transparency.

bogomipz 4y ago
Not only was he in the spotlight but he was in the spotlight in Washington, D.C. rubbing elbows and yukking it up with lawmakers: https://fortune.com/crypto/2022/11/08/sam-bankman-fried-face-of-crypto-in-dc-regulation/ https://fortune.com/crypto/2022/11/08/sam-bankman-fried-face... https://archive.ph/klRPC https://archive.ph/klRPC

elefanten 4y ago

This isn't a very serious take. CZ came out of this interaction with FTX looking good, but he and Binance have had plenty of scandals and shady trails as well. Among the big exchanges, Coinbase has always been more conservative and regulation/oversight-minded. They've suffered for it in market share during bull runs, but after this kind of shake-out they end up looking much safer and more reliable than Binance. Or, Bitmex is further along in the process of rolling out proof of reserves and proof of liabilities than Binance is.

rippercushions 4y ago
This is the same Bitmex whose founders were all convicted for money laundering offenses, right? https://en.wikipedia.org/wiki/BitMEX https://en.wikipedia.org/wiki/BitMEX