djbebs

9 ms·

61.
by djbebs 4y ago
Define bad actor.
62.
by djbebs 4y ago
Ironic that they are giving up their actual realistic chance for a dignified retirement by blowing their money on gambling.
63.
by djbebs 4y ago
So apple doesnt have to change because their ports are already better?
64.
by djbebs 4y ago
Im sure the russians that just saw hundreds of billions of usd frozen would disagree.
65.
by djbebs 4y ago
I wouldn't.
66.
by djbebs 4y ago
People keeping their things is not a problem.
67.
by djbebs 4y ago
If you dont want to work for them, you're not required to.
68.
by djbebs 4y ago
I find it quite telling how you consider heavily regulated industries to be "examples of capitalism"...
69.
by djbebs 4y ago
Don't take this deal. Quite frankly government have such a bad history of fucking over landlords that anything that doesn't involve a multi-billion dollar bond being posted outside of the country as security against future changes
70.
by djbebs 4y ago
The main culprits of those things are the governments making these laws. Make no mistake this will just be used to implement those backdoors.
71.
by djbebs 4y ago
The solution is simple, relegate centralized exchanges to niches that so far can't be fulfilled in any other way (namely fiat-crypto transactions), and use them only briefly and immediately withdraw any assets from it once the transac
72.
by djbebs 4y ago
No regulation would have prevented this crime from happening. I want to be clear here, what happened here is already illegal as is, and no regulation would have prevented it from happening in the first place. Hell, the firm was already bein
73.
by djbebs 4y ago
They shouldn't be, just like a pumpkin exchange shouldn't be trading using pumpkins that don't belong to them (or at all). That's where the crime comes in.
74.
by djbebs 4y ago
If the fees aren't enough to cover it then the company isn't profitable and should shut down. Or raise fees. "I don't make a profit if I don't steal my customers assets" isn't a valid business plan.
75.
by djbebs 4y ago
I'm 100% serious. Exchanges are not and should not be banks. They should not be comingling their assets with client assets.
76.
by djbebs 4y ago
There is nothing wrong with this, and indeed it's a good thing.
77.
by djbebs 4y ago
No reason to close this.
78.
by djbebs 4y ago
Nothing about blockchain prevents the amelioration of fraud, just like nothing about cash prevents it all the same. You can very simply devise an insurance contract that compensates you for any such losses you incur. Of course such an insur
79.
by djbebs 4y ago
Exchanges cannot get bankrun on. What you're watching is fraud being revealed.
80.
by djbebs 4y ago
Why?
81.
by djbebs 4y ago
Exchange business models are supposed to be 100% different from banks. If exchanges are using fractional reserves of any kind or amount, they have already committed fraud.
82.
by djbebs 4y ago
They stole clients assets and used them to: 1- Gamble with them 2- pay themselves 3- lobby the government 4- bailout other failing crypto companies. Everything here could have been done with any non-crypto exchange.
83.
by djbebs 4y ago
The peoblem with meta was never the quality of the business. It was with your ability to extract value and control from it. The reason meta is uninvestible is because they are a clear cut case of structurely unsound corporate governance.
84.
by djbebs 4y ago
This.
85.
by djbebs 4y ago
The problem is the regulation that mandates people have insurance or be punished for it...
86.
by djbebs 4y ago
It is objectively true though.
87.
by djbebs 4y ago
Fraud is one
88.
by djbebs 4y ago
No it isn't.
89.
by djbebs 4y ago
Another example of why this sort of top down regulation is bad.
90.
by djbebs 4y ago
Yes, yes i do.

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