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  1. #5751
    Nice

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  2. #5752
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    Quote Originally Posted by Raffe View Post

    The moment tether has to provide transparency about their levels of reserve ….
    Will never come …. They have come this far without having to do so ….and I can’t see that changing.

  3. #5753
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    Quote Originally Posted by Montello View Post
    Will never come …. They have come this far without having to do so ….and I can’t see that changing.
    Just wait. Redemptions will do that.
    Someone who lies about the little things will lie about the big things too.

  4. #5754
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    Quote Originally Posted by Raffe View Post
    Just wait. Redemptions will do that.
    The markets may force the issue but not the regulators.

  5. #5755
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    Quote Originally Posted by Montello View Post
    The markets may force the issue but not the regulators.
    Whatever comes first. Tick tock....
    Someone who lies about the little things will lie about the big things too.

  6. #5756
    Master mr noble's Avatar
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    Is there any real evidence that Tether do not hold enough dollar collateral?

    I guess if they did, they’d be the first to want to prove it, but is the fact they haven’t proven it the only reason that people think they’re in trouble?

  7. #5757
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    Is there any real evidence that Tether do not hold enough dollar collateral?

    I guess if they did, they’d be the first to want to prove it, but is the fact they haven’t proven it the only reason that people think they’re in trouble?
    All will be good. Tether has collateral, Bitcoin has utility, Musk will make life multiplanetary and Boris got Brexit done.
    Someone who lies about the little things will lie about the big things too.

  8. #5758
    Grand Master Raffe's Avatar
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    US DOJ probing Binance coin BNB.

    Probably nothing.
    Someone who lies about the little things will lie about the big things too.

  9. #5759
    Grand Master Raffe's Avatar
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    I closed my short during this morning's dip to $30k. Gotta feeling we are going to rip a bit before we sell off again.
    Someone who lies about the little things will lie about the big things too.

  10. #5760
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    Someone who lies about the little things will lie about the big things too.

  11. #5761
    Master mr noble's Avatar
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    Quote Originally Posted by Raffe View Post
    This applies to New York State only. They don’t like anything crypto.

  12. #5762
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    Quote Originally Posted by mr noble View Post
    This applies to New York State only. They donā€™t like anything crypto.
    New York, nobody does financial business there, right?

    This means Tether is out of game for all wrapped financial products, like funds, notes, for investment portfolios of the biggest banks and insurers and who knows how many other states will follow.

    Probably nothing. Lolz.
    Someone who lies about the little things will lie about the big things too.

  13. #5763
    Master mr noble's Avatar
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    Plenty of other stablecoins they can use. Half a dozen have already been approved by NY state.


    You do ALWAYS look for the worst in everything.

  14. #5764
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    Quote Originally Posted by mr noble View Post
    Plenty of other stablecoins they can use. Half a dozen have already been approved by NY state.


    You do ALWAYS look for the worst in everything.
    I have said it's the end of Tether, nothing more nothing less. You said that wasn't relevant because it's only New York, which is obviously bollocks. Then you are pivoting that investors could use others, which has nothing to do with my statement that Tether is toast.

    And by the way, NYDFS has only approved four coins, not half a dozen - of which only one, Gemini Dollar, has a market cap of more than a million Dollars and still has no turnover and no listing on a major exchange. Good luck doing business with those.
    Someone who lies about the little things will lie about the big things too.

  15. #5765
    Master mr noble's Avatar
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    Quote Originally Posted by Raffe View Post
    I have said it's the end of Tether, nothing more nothing less. You said that wasn't relevant because it's only New York, which is obviously bollocks. Then you are pivoting that investors could use others, which has nothing to do with my statement that Tether is toast.

    And by the way, NYDFS has only approved four coins, not half a dozen - of which only one, Gemini Dollar, has a market cap of more than a million Dollars and still has no turnover and no listing on a major exchange. Good luck doing business with those.
    Wrong. You missed Binance coin, with an MCap of over $14bn. That one has been approved by NYDFS since August 2020.

    https://www.nasdaq.com/articles/bina...roval-2020?amp

  16. #5766
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    Wrong. You missed Binance coin, with an MCap of over $14bn. That one has been approved by NYDFS since August 2020.

    https://www.nasdaq.com/articles/bina...roval-2020?amp
    Ah, that is true. But unfortunately Binance is banned from doing business in New York. Oh well.
    Someone who lies about the little things will lie about the big things too.

  17. #5767
    Master mr noble's Avatar
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    Quote Originally Posted by Raffe View Post
    Ah, that is true. But unfortunately Binance is banned from doing business in New York. Oh well.
    How does Binance.US not being allowed to do business in NYC affect the use of the Paxos stablecoin?

    It doesn’t. Hence why BinanceUSD (BUSD) IS approved for use in NYC. (Read link above and check NYDFS greenlist)

  18. #5768
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    Quote Originally Posted by mr noble View Post
    How does Binance.US not being allowed to do business in NYC affect the use of the Paxos stablecoin?

    It doesn’t. Hence why BinanceUSD (BUSD) IS approved for use in NYC. (Read link above and check NYDFS greenlist)
    It does.

    More than 90% of is daily trading volume happens on Binance.
    Someone who lies about the little things will lie about the big things too.

  19. #5769
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    For the avoidance of any doubt: I have absolutely zero problems with a well managed stablecoin, which means it is transparently collateralised under the oversight of a licensed depositary organisation - just like any other comparable instrument in tradfi. Funny that Binance with all their legal issues are the name-sponsor of one of the regulated ones - but that doesn't change the fact that BUSD is regulated. Bit of a downside that there is no liquid market place for BUSD outside of Binance, but maybe that'll come one fine day.

    My point was about Tether, which is quite obviously a fraud and it's high time it is removed from the face of the earth; not only to protect consumers from the results of their unavoidable blow-up but also because it is used to fraudulently inflate asset prices of various crypto currencies, enriching a select few against hundreds of thousands of bag holders.
    Someone who lies about the little things will lie about the big things too.

  20. #5770
    Master mr noble's Avatar
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    Quote Originally Posted by Raffe View Post
    It does.

    More than 90% of is daily trading volume happens on Binance.
    Nope.

    You’re mixing up Binance and Binanace.US which are two different companies.

    One is restricted from operating its exchange services in the state of New York, the other is approved and has its associated stablecoin on the state’s greenlist.

    Good simple guide to some of the differences here.

    https://amon.tech/blog/educational/w...w-does-it-work
    Last edited by mr noble; 9th June 2022 at 13:14.

  21. #5771
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    Quote Originally Posted by mr noble View Post
    Nope.

    You’re mixing up Binance and Binanace.US which are two different companies.

    One is restricted from operating its exchange services in the state of New York, the other is approved and has its associated stablecoin on the state’s greenlist.

    Good simple guide to some of the differences here.

    https://amon.tech/blog/educational/w...w-does-it-work
    Greg, you have to stop. This isn't difficult, any Google search is going to tell you.

    Binance.com does not offer any services to users from the United States as a whole (the FBI would immediately destroy them if they did):



    Binance.US offers services to residents of the United States, except from the states of Hawaii, New York, Texas and Vermont:


    I don't understand what you are trying to prove, you are pivoting ever further from my original point (Tether is a fraud) and keep embarrassing yourself with posting complete nonsense.
    Someone who lies about the little things will lie about the big things too.

  22. #5772
    Master mr noble's Avatar
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    Lolz.

    Don’t know why I bother. You are incapable of admitting you got something wrong.

    Let’s agree to disagree.

  23. #5773
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    Lolz.

    Don’t know why I bother. You are incapable of admitting you got something wrong.

    Let’s agree to disagree.
    Wut?

    What have I got wrong? I stated that Tether is a fraud, and you kept pivoting to other topics to find fault in something I never said. Yet every single one of your 'rebukes' was wrong.

    Which Binance can New Yorkers do business with? What does Binance have to do with BUSD other than the name they are sponsoring?
    Someone who lies about the little things will lie about the big things too.

  24. #5774
    Master petethegeek's Avatar
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    A couple of weeks ago I thought I'd made a mistake. It turned out I was wrong though.


  25. #5775
    Growth potential new NFTs

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  26. #5776
    A guy from r/cryptocurrency created a test coin on the Algorand chain, cost him 5 bucks, 10 minutes work. Named it Buttcoin, this was 2 weeksago. They fiddled around with it just to learn, told people NOT to buy it and now it’s … pumping.

    Let that sink in

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  27. #5777
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    LUNA2 on its way to zero already as there are reports of the SEC collecting evidence against Do Kwon for fraud and money laundering. T'was just an ordinary fraud, right from the start.

    Solana next.
    Someone who lies about the little things will lie about the big things too.

  28. #5778
    Quote Originally Posted by Raffe View Post
    LUNA2 on its way to zero already as there are reports of the SEC collecting evidence against Do Kwon for fraud and money laundering. T'was just an ordinary fraud, right from the start.

    Solana next.
    Madoff was done for 10b

    Kwon has p1ssed up 45b

    Too big to ignore

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  29. #5779
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    Madoff was done for 10b

    Kwon has p1ssed up 45b

    Too big to ignore

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    Apparently he removed every month $80 million from the system.

    And when his coin proved to be a donut, he launched another one and that is approaching zero as well. All in one month.
    Someone who lies about the little things will lie about the big things too.

  30. #5780
    Master petethegeek's Avatar
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    "Do you sincerely want to be rich?"

  31. #5781
    Master petethegeek's Avatar
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    Seemingly though, things have now got so tight down at Terraform labs they have to take it in turns to wear the socks or the trainers.


  32. #5782
    Quote Originally Posted by petethegeek View Post
    Seemingly though, things have now got so tight down at Terraform labs they have to take it in turns to wear the socks or the trainers.



    That really tickled me, bravo sir.

  33. #5783
    Eth 52 week low and still going

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  34. #5784
    If we were mining Eth now we'd be losing $5 per day

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  35. #5785
    Grand Master Raffe's Avatar
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    ETH getting slaughtered with BTC/ETH approaching 3 and Shiba Inu earned itself its fifth zero.

    Why the heck did I close my BTC short earlier this week?
    Someone who lies about the little things will lie about the big things too.

  36. #5786
    Quote Originally Posted by Raffe View Post
    ETH getting slaughtered with BTC/ETH approaching 3 and Shiba Inu earned itself its fifth zero.

    Why the heck did I close my BTC short earlier this week?
    Because you correctly cut your losses, and stuck to your strategy of cutting the loss runs and letting the profit runs run. You can pay yourself on the back .

    Actually I think you were being rhetorical . I shall be going into BTC big again in November

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  37. #5787


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  38. #5788
    Grand Master Raffe's Avatar
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    You okay, Saylorman?

    There will be so many steals tomorrow, don't know where to start buying. Solana, Cardano, Doge.... And then Microstrategy, Argo Blockchain, Marathon, Riot, Tesla....

    Opportunities, opportunities. Fill your boots for the certain ride to the moon.
    Someone who lies about the little things will lie about the big things too.

  39. #5789
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    I’ve been following this thread for a while out of general interest rather than as an investor.

    I have read it now costs around $25000 dollars to mine a bitcoin. If/when bitcoin is worth less than this I am guessing the price would take a significant hit.

  40. #5790
    Grand Master Raffe's Avatar
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    Just wait until the miners will have to start selling their hoarded coins, might be this week already. Avalanche.

    And I have already put a very nice bottle into the fridge to open when Microstrategy goes belly up.
    Someone who lies about the little things will lie about the big things too.

  41. #5791
    Quote Originally Posted by Raffe View Post
    Just wait until the miners will have to start selling their hoarded coins, might be this week already. Avalanche.

    And I have already put a very nice bottle into the fridge to open when Microstrategy goes belly up.
    They already have, they have to pay bills and only way to do that is sell their reserves

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  42. #5792
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Raffe View Post
    LUNA2 on its way to zero already as there are reports of the SEC collecting evidence against Do Kwon for fraud and money laundering. T'was just an ordinary fraud, right from the start.

    Solana next.
    Quote Originally Posted by Raffe View Post
    Apparently he removed every month $80 million from the system.

    And when his coin proved to be a donut, he launched another one and that is approaching zero as well. All in one month.
    Here is how Do Kwon removed $2.8 bln from the Terra ecosystem.

    https://twitter.com/FatManTerra/stat...23662153437185

    Just an ordinary criminal, only that it is in crypto and hence he will get away with it.

    Good times.
    Someone who lies about the little things will lie about the big things too.

  43. #5793
    Grand Master Raffe's Avatar
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    Meanwhile, on the Argo Blockchain investor board:


    Someone who lies about the little things will lie about the big things too.

  44. #5794
    Grand Master Raffe's Avatar
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    Anyone interested in a bit of USDD FUD? Intriguing.


    https://twitter.com/resdegen/status/1536005536646320128
    Someone who lies about the little things will lie about the big things too.

  45. #5795
    Grand Master Raffe's Avatar
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    Celsius Network imploding, taking with it billions of crypto. Where were the signs?

    Lots of rumors of big troubles at Coinbase, the next couple of hours will be interesting.

    But fear not, because:

    Someone who lies about the little things will lie about the big things too.

  46. #5796
    Grand Master Raffe's Avatar
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    Quote Originally Posted by JoeyTudor View Post
    update: finally got a transfer confirmed notice from Celsius after 1.5 hours, let’s see if it arrives…
    update 2: funds have landed

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    Lucky escape.
    Someone who lies about the little things will lie about the big things too.

  47. #5797
    Grand Master Raffe's Avatar
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    If I had any assets on any exchange, I would pull it. If Coinbase goes, there will be no stopping. (I would actually sell the assets as the prices will flush as well if that happens, but that's another thing).
    Someone who lies about the little things will lie about the big things too.

  48. #5798
    Master petethegeek's Avatar
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    WLTT



    WHYG?

  49. #5799

  50. #5800
    Grand Master Raffe's Avatar
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    MSTR trading around $170 pre pre-market, Coinbase at $53.

    Both still rich in my view, we shall see in 13 minutes when US pre-market opens.
    Someone who lies about the little things will lie about the big things too.

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