joyfylbanana

16 ms·

31.
by joyfylbanana 4y ago
Actually value is created when a scam company goes bankrupt. Less value destruction in the marketplace.
32.
by joyfylbanana 4y ago
I tried it as well once when I was younger... Kind of interesting experience but on the other hand, it was mostly just copy pasting commands to terminal and waiting for the to run.
33.
by joyfylbanana 4y ago
- Long term "Savings account" - a volatile one, of course - I buy stuff from online with it, household items (In country I live you can basically buy anything with BTC) - Travel, I book hotels/flight with it and once I rented
34.
by joyfylbanana 4y ago
> Now consider crypto, where your ability to pause the market or unwind clearly-erroneous transactions is reduced or removed. These should be quite possible, no? Exchanges have mainteinance pauses now and then, however if they had them r
35.
by joyfylbanana 4y ago
Nobody forces you to use Binance or FTX. I have been using Bitcoin for 10 years and I've always stored more 90% of my BTC in my own self-custody wallet, only used exchanges briefly.
36.
by joyfylbanana 4y ago
It was not very smart to gamble with customer money.
37.
by joyfylbanana 4y ago
> I wouldn’t like to rely on that “should”. And you don't have to. Best always to hold your own coins yourself if you have that possibility, or use a custodian you trust.
38.
by joyfylbanana 4y ago
Dude, those are transfers for ERC-20 tokens...
39.
by joyfylbanana 4y ago
I don't really get what you are talking about. Any sane custodial system has "hot" funds from where customers withdrawals are processed from. When the "hot wallet" drops too low, it is refilled from "cold stora
40.
by joyfylbanana 4y ago
It is fairly common for exchanges to have (short) pauses in withdrawals. The majority of funds are in a cold storage, and for security reasons it usually takes some time to get the funds out from there "live". If lot of people are
41.
by joyfylbanana 4y ago
Nothing wrong with taking a caution first approach. However to me most articles about FTX seem like "panic first, research after". Yes SBF's investment company might be fucked, but customers funds should be totally separate f
42.
by joyfylbanana 4y ago
No, the bug was in the withdrawal code. Concurrency bug, numerous simultaneous withdrawals have a high change of succeeding and you are able to withdraw more than your actual balance. Very common in amateur coded websites.
43.
by joyfylbanana 4y ago
I was thinking about the Linux Steam compability software.
44.
by joyfylbanana 4y ago
The information on the blockchain is not illegal. It is not illegal to store the sanctioned addresses or tornaco cash smart contract source code. What is illegal is spending those funds, or allowing customers to transact with them. In fact,
45.
by joyfylbanana 4y ago
It is how you measure "progress". For you progress seems to be only about business. I think majority of people (including me) are just delighted about this new toy that brings them joy. In my life it is great progress if I get new
46.
by joyfylbanana 4y ago
> the only cryptocurrency that is fulfilling its original promise What was the original promise again? I don't see original Bitcoin whitepaper mentioning traceability or untraceability. There is a chapter about privacy features and
47.
by joyfylbanana 4y ago
> All this time the CEO was generating absolutely politically correct sounds: people are our best capital, diversity is our strength, etc. She would be better off if he was honest. Honestly rarely pays and is also unthankful. There is on
48.
by joyfylbanana 4y ago
> That studio owner literally made a billion dollar mistake by not simply being fair early on to the team. Never, ever, treat a team that has achieved rare success as replaceable cogs. If they've shipped, they can find more money pe
49.
by joyfylbanana 4y ago
In my understanding most fraud in the fiat world is similarly irreversible, different actors just absorb the costs of the fraud, in the end consumers foot the bill as increased prices. Fraud is huge industry, the fraud models and attack vec
50.
by joyfylbanana 4y ago
> The problem is that on ethereum it's not possible to censor a deployed contract. It is possible, via a hard work. Similarly as it was possible to transition from PoW to PoS. The question is, if there is political will for that. Cl
51.
by joyfylbanana 4y ago
The point is the shilling as always
52.
by joyfylbanana 4y ago
Depending on your life situation, I would greatly consider starting your own company. If you are willing to work on IT there are always possibilities.
53.
by joyfylbanana 4y ago
This claim about renting being soulless experience is just bullshit. You can perfectly be friends with your neighbours etc with just renting, if you want that is. Most people usually socialize with other circles. I have been renting and own
54.
by joyfylbanana 4y ago
Though bitcoin volatility has been going down along the years, it might be quite stable after 10 years or so.
55.
by joyfylbanana 4y ago
Pornhub is committing the crime here. Visa was just processing payments here - and isn't any more, since they stopped it. Why isn't everyone talking about pornhub and demanding them to ban that? Pornhub essentially is already thei
56.
by joyfylbanana 4y ago
I quite recently bought a used book for something like $100. Certain books can be expensive, it was not a popular or particularly good book, but the writer was a character and I guess therefore his written books are valuable niche items...
57.
by joyfylbanana 4y ago
> Also have worked with phenomenal Indian devs who were paid the same as me. I have almost never seen a company where people are paid exactly the same... Usually there are differences. I'm pretty sure your Indian buddies didn't
58.
by joyfylbanana 4y ago
Definitely not.
59.
by joyfylbanana 4y ago
Depends on how you use the exchanges. If you just buy and sell BTC and keep your coins off-exchange, there is little reason to care about whatever schemes the exchanges are doing. If you start playing with leverage, you will be putting much
60.
by joyfylbanana 4y ago
Also some people might prefer dedicated over virtual for whatever reasons.

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