Are you interested in the crypto world?

[Vagatasa]

Just wondering where you usually find information about the crypto world

[Wile E Coyote]

Mostly from spammers

[Wellos]

Just wondering where you usually find information about the crypto world

Hello! I'm glad that you are interested in the world of cryptocurrency and you've probably heard a lot about the Binance exchange. Read here the latest news about the Binance exchange in Japan and you will understand that this cryptocurrency exchange has begun to expand significantly in Asian countries. I also recently read about the expansion of Binance opportunities in Brazil and, in general, these trends are very favorable.

[dneal]

Hi spammer!

Here’s a good thread you could bump. It’s about Empty of Clouds (aka: David Jackson) and his spam escapades:

Dogs eatin’ homework and other tall tales - or how EoC got caught spamming the forum

New members should heed the warning in red at the top of the first post, if you don’t like drama.

If you would like more information, David and his contact information can be found at this link:

https://www.otago.ac.nz/physio/about...administration

[karmachanic]

Usually from the same places I find information about everything else.

[mike7283]

Real-world assets such as real estate, art, or commodities can be tokenized to enable fractional ownership and increased liquidity. By creating tokens representing these assets, ownership can be easily crypto casino transferred and traded on blockchain platforms.

[welch]

You can follow it from Web 3.0 is Going Great ("...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet.") Molly White reads so you don't have to, to paraphrase Jerry Pournelle.

https://www.web3isgoinggreat.com/

Yesterday, she reported,

$23 million goes missing amid STFIL claims that they're being investigated
A purple cube shape with "Fil" overlaid in white, followed by "STFIL" in navy capitals(attribution)
STFIL, a protocol that promises liquid staking and "leverage mining" to holders of Filecoin's FIL token, announced on Twitter that "We believe that the STFIL core technical team is under investigation by local Chinese police."
According to STFIL, while some of the core team members were detained by Chinese police, FIL tokens were moved to an unknown wallet. They also acknowledged that there had been "abnormal, unscheduled upgrades to the protocol". They asked their community members for help in tracking the wallet.

Some speculated that the story was fake, and that the project had stolen the funds. However, Chinese police have in several instances cracked down on people and companies involved in Filecoin-related projects, including an $83.3 million alleged pyramid scheme in August 2023 and a group of Filecoin Ponzi schemers in 2021. Filecoin mining became popular in China after its 2018 initial coin offering, and also became a magnet for Ponzi schemes and other scams.

Or listen to me, since I met crypto about 2007 or 2008, when it was proposed by some Ayn Rand fanatics as a way to abolish banks, bank regulators, the Federal Reserve and its equivalent government agencies in other countries (like the Bank of England), and all governments. I was working for SWIFT, and crypto seemed a sure-fire way for terrorist financiers and international criminal gangs to move money secretly...without those pesky policing agencies interfering.

That "libertarian" utopia failed. Crypto failed as a currency-replacement. It did become a large-scale Ponzi scheme because innocent people invested in crypto after being told that earlier investors had made a fortune. Those lured in hoped to sell to another wave of investors. In securities investment, like what happens on the NY Stock Exchange, people buy stock in a company in hopes that the company will turn such a profit that others will bid the stock higher. The company is expected to pay a dividend on every share of stock. When it doesn't, and when the company shows flat earnings or even a loss, people begin to sell.

There is no underlying company to justify a crypto price. It all depends on someone else wanting to buy the unit of crypto. Since the price depends on the next buyer hoping for a higher return, it is a Ponzi scheme. That means that crypto collapses every now and again as holders cannot find buyers willing to buy at what they, the earlier holders, paid.

Crypto is a scam.

Crypto pretends to be the next Stock Exchange, and, as you can see from Molly White, they live on the fluff of numbers upon numbers that make Crypto look like securities and fixed income trading. It is not. Stay away.

[karmachanic]

Show me a crypto. I'd like to hold it.