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Congrats !

Yeeehaw!!

Before I dip my toes into the water, what assets are used to back the tzBTC and USDtz? Have they been audited?

Live long and prosper 🤗

Bring it on !!

Slap on the wrist. "The settlement means Salt will not have to agree or deny the Commission's findings."

I remember talking to the founders of SALT before they launched, then they were speakers at many of the meetups. Seemed well spoken but I decided to stay away.

If I remember well Salt Lending stated that they will be selling SALT directly to customers at 30$ so that was supposed to be a theoretical floor price on the exchanges. And the investors were told that they could reasonably expect to make a return on their investment for that reason. And in fact they were selling SALT at 30$ while the price of SALT on the exchanges never even came close to "floor price"

Ridiculous, I know

It's interesting how one fork in the road can lead to dramatically different paths. In late 2017 or early 2018, I looked at SALT and LEND and chose to buy some LEND, which I'm still hodling.

I feel like this was one of the original defi ideas, but not executed well

Jeez, I forgot about them. The ICO era was truly wild

At one point I had some SALT....

Buy shitcoins win shitcoin prizes

Pretty dang big news:

• The Securities and Exchange Commission (SEC) told Salt Lending, a protocol offering dollar-denominated loans collateralized by cryptocurrencies, it had fourteen days to begin the process of offering refunds to investors.

• In a public letter, the SEC said that Salt's ICO violated securities regulation as they told investors they could reasonably expect to make a return on their investment.

• Investors will have three months to submit a claim to Salt, who will be obligated to pay back their investment along with any agreed interest. Salt will also have to pay a $250,000 civil penalty to the Commission in the next ten days and has agreed to settle the action.

Note that Gemini internally uses only transparent addresses, so deposit transactions identify the destination and amount in the clear, and withdrawal transactions identify the origin and amount in the clear. Depending on how you use your funds, and how Gemini operates, this could subject your transactions to linking analysis. When in doubt, only use shielded addresses on both sides of all transactions when you use Zcash.

First off, this post has be substantially down-voted, I wonder why and by whom ;)

Second, Justin has officially posted a drafted-for-him-legal-approved PR response. Take a look! @BitTorrent/an-open-letter-to-anyone-who-cares-to-read-d068ee5a3ce3">https://medium.com/@BitTorrent/an-open-letter-to-anyone-who-cares-to-read-d068ee5a3ce3

Note that this article is very obviously vote manipulated over all subs.

I visit /r/buttcoin which is making fun at cryptocurrency... and it has 0 points even there. Here also just 1.

...why is this with 0 upvotes?

I guess there is vote manipulation going on.

edit: just 1 vote in /r/cryptocurrency.

This turbo cretin obviously engages in vote manipulation.

This link has been shared 2 times.

First seen Here on 2020-09-29. Last seen Here on 2020-09-29

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I had a chance to listen to his talks with Steem witnesses at the time he bought Steem INC. it wasn't that hard to realize that he is an egoistic prick that just can't understand why he can't make decisions when he bought the darn place.

Full chronology and recordings can be found @BarnumPT1/in-the-light-of-recent-events-that-involve-some-of-the-biggest-names-in-cryptocurrency-i-have-150da84b4cba">here if anyone is interested.

He is a clown and a disgrace for the whole crypto community. I'm baffled that Tron and all other shit projects on that network still have value.

Wow tron dmg control downvoting the shit out of this post.

His just as bad as Craig Wrong

Every time I buy some Tron it immediately tanks on some awful news. I sell, locking in my losses and repeat the same mistake 6 months later.

I see Sun as the Trump of the Crypto world. You just know you are being bullshtted, but buy into it anyway out of a delusional sense of optimism.

this post is being mass-downvoted by justinbots!!

the vote counter is flickering up an down like crazy right now, i don't think i have ever seen it do that before.

Just one more step.

[ x ] Ctrl+C
[ x ] Ctrl+V
[ x ] Add J
[ x ] COMPILE
[ ] DONE

New partnership with the Verge on the horizon?!? BULLISH!!!

If you read the entire article (which does take a long time) the whole ethos behind Justin Suns move into crypto is to use decentralisation as a means to circumnavigate government censorship and restrictions.

On the surface this might seem admirable and thus, the crypto community are the perfect investors for Justin's plans. The problem arises when Sun, who is the mastermind behind the developments has absolutely no moral compass.

His goal was to create a decentralised streaming service that was completely unmoderated in any way, that could bypass China's strict rules against pornography. Except, once you create a system like this and it's left unmoderated, you literally create choas. People could stream liver murders, child pornography, rape and torture events; with no jurisdiction or moderators to stop it.

Justin Suns business plan was designed so that in order for these sick people to be able to do these things, they would need to buy Tron (TRX) to access the service.

Thankfully, it looks like this project failed.

This is NOT what decentralisation is about. Kinda terrifying.

I was just about to post this.

I never liked Tron because it's technology isn't even remotely good (comes nowhere near to decentralized), but just knowing about the shit JS does and tried to pull is enough to not only stay the hell away from it, but to actively hate it (which hasn't happened to me before, even with projects that I don't like)

Not a paid ad, i am amazed finally he is becoming famous

I'm sure the lunch with Warren Buffet was worth it

Nothing new here. Just kids regurgitating BS. Nobody cares about your $500 "bags" that you sold from Tron for <insert other shitcoin here>.

Tron will do well in the long run. Just watch.

Donald Trump is a bigger POS and yet people kiss his ass. Justin will be just fine.

I can't believe I just read the entire thing. It was a nice trip down memory lane as I lived through every single one of his scandals in the articles and the ones before it with the crypto currency crowd on here.

very good article, one thing about sun is that he know how to market his shitcoins and has chinese gov backing him

Even though Sun went to extremes to control Tron’s public image, his own app store, called the Tron Network, was a free-for-all. Users purchased some apps with Tron’s cryptocurrency, and the company sometimes took a sliver of the app’s revenue.

The Tron Network is not, and was not ever an App Store that I am aware of. Please tell me where I can purchase an APP from the Tron Network? This sounds like a REALLY shifty way to describe dividend sharing and voter rewards. "App's revenue."? hmm....

He does look sleazy but Tron has been doing well for itself to be honest

Never forget Yi Shi, AKA Mr. Odyssey, OCN. Without Justin Tron, there wouldn't be Yi Shi.

Yi Shi was the wannabe copy-cat scamming money grabbing fuck boy version of Justin that screwed over a lot of people. Yikes!

Not a pretty picture.

Fuck TRON - glad I dumped my bags a while ago. Definitely don’t want to support that project

Yes, according to the article, Sun is a giant asshole.

But the Chinese government arrested Sun's father and top employees to punish him for meeting with Warren Buffett, and we're supposed to blame Sun for provoking them? Sun's big idea for BitTorrent is to blow a hole in the Great Firewall of China, and we're expected to see this as a bad thing and cheer his employees for standing up to him? I'm not saying this article has a very clear bias, but this article has a very clear bias.

Justin Sun is just the next Roger Ver.

Over promise and under deliver

< 3

Imagine blaming your failed business model on speculators... and then giving no indication of what you've learned or will change to improve your business.

Maybe Purse.io would be willing to test DS proofs so that UX can be sped up?

I am an avid Purse user - can you please please please start accepting 0-conf on the payment page.

This is for the user to at least pay and confidently close the page within a few seconds.

No earner has to even accept the bid unless it has 5 confirmations - this is happening offline.

But while ON the actual payment page - it would be so much gratifying to send your BCH and see "Accepted" a few seconds after that.

Purse gives you a 15 minute window to pay. With BTC I imagine this is a solid $2-5 much of the time.

Instead of having to check the calendar, time of day, mempool status, star alignments whenever spending crypto - I just reach for Bitcoin Cash.

I wonder what percent of sales on Purse is BTC vs BCH.

Awesome!!!

If they are staying, at least make it possible to buy something over $20.

Can you add lightning network ?

Is this a good thing? What’s to keep people from freezing other addresses so coins will be more rare?

they have such a good track record /s

you see, the all-consuming focus on profit above all moral and humanitarian considerations has no political components whatsoever. i am very smart

Delete Coinbase.

Chud says chuddy thing.

Same shit was said about doing business with aprtheid era south africa.

Companies finally catching on to “get woke, go broke”.

It’s virtue signaling. Coinbase could give a damn about Bitcoin’s future as a decentralized store of value.

Good.

It's an incredibly refreshing position that should not only be lauded but expected from any company. Who the fuck decided that we want billion dollar corporations manipulating democracy with political activism, usually of the cringiest kind, other than the people who happen to have temporarily hijacked them in favor of their particular ideology?

Whether you hate the "woke" or the "capitalism", woke capitalism is bad for everyone. I'm glad to see Coinbase rejecting it.

Does anybody know where is the map from?

I am new here, does this sub have a satire tag, because if so this needs it.

Like the article is written about its self, no one would be this dumb to post this if it were not satire.

I don't know if blog posts fit this sub (please downvote/delete if not, but please don't ban. I checked the rules but couldn't find something saying no)

The whole time reading this article, which in my opinion just gets more and more ridiculous as it goes on, a few things jumped out at me:

The lazy and senseless metaphor for his company as a championship team, and using that to justify gems like:

Be company first: We act as #OneCoinbase, putting the company’s goals ahead of any particular team or individual goals.

&#x200B;

Sustained high performance: As compared to a family, where everyone is included regardless of performance, a championship team makes a concerted effort to raise the bar on talent, including changing out team members when needed.

&#x200B;

Because as we know, companies have historically been a vehicle for positive change in the world. The last sentence even lets me know that he knows it's bullshit.

Change happens in the world only when a smart, talented, group of people come together to focus on a hard problem for a decade or more. Many companies never stand the test of time, because they decide to dabble in unrelated efforts, and distract and divide their workforce in the process. Paradoxically, by being laser focused on our mission, we will likely have an even greater impact on the world, through our products and growing customer base.

&#x200B;

There are other gems too:

When we make profit, we can use that to hire more great people, and build even more. We shouldn’t ever shy away from making profit, because with more resources we can have a greater impact on the world.

And then immediately after:

Broader societal issues: We don’t engage here when issues are unrelated to our core mission, because we believe impact only comes with focus.

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I think the whole corporate bullshit can be summed up into "I don't like social issues being considered because it can prevent me from earning as much money."

He is just bowing to his customer's political preferences. Bitcoiners, by and large, seem to be at the far right end of the political spectrum. Those who claim to like bitcoin because of its social and political potential are admittedly Anarcho-Capitalists. Those who just hope to get rich quick are not likely to value social justice either. A bitcoiner is far more likely to be a White Supremacist than a Socialist...

Brian Armstrong doesn’t know how to use hyphens. Maybe because he’s a developer?

Sustained high performance: As compared to a family, where everyone is included regardless of performance, a championship team makes a concerted effort to raise the bar on talent, including changing out team members when needed.

At least Coinbase does not pretend to be "A Family". Championship team and "Changing out team members" is just corporate speech for no job security. Fall behind the curve and we will fire you, basically rank and yank.

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If there is an opportunity for peaceful social changes one should grab it with both hands. Protests, revolutions and civil wars are distractions that destroy a lot more value.

Well,sorry, but "not taking a stance" is taking a definite stance for the status quo.

the social activism craze is pretty damn annoying so maybe I agree with coinbase guy for once. hmm

What about LN?

Is it open source and non custodial?

Android?

Smart having 2 products lines, with a similar codebase and just changing the feature set and UX

I look forward to single sig being introduced to Green as that has been the reason many people have avoided green thus far. This way you can use green with your own full node and hardware wallet without depending upon any company and having a simpler recovery option. Green will be almost a perfect mobile wallet with single sig option

Im not a fan of the tether shitcoin support however

Also when android?

Also I don't spend btc. Yet. But for some reason I do have phone wallets

Cool.

What are the benefits of using liquid for a consumer ?

The hacker appears to be a noob. Tether froze the 19.8m USDT in his address 14 hours after the hack.

He could've swapped the USDT for 50k ETH on Uniswap in a single transaction before it was frozen.

He still hasn't dumped any of the tokens for ETH on Uniswap.

KUCoin - Trust score: 10 (out of 10).

• https://www.coingecko.com/en/exchanges

LOL

People got to stop downloading free porn at work.

Covered at what value? The value of the coin at the time of the hacking ?

It's for this reason we need none custodian exchange like Nash. They can't hack what they can't access.

It's for this reason we need none custodian exchange like Nash. They can't hack what they can't access.

Please rest assured that if any user fund is affected by this incident, it will be covered completely by user fees.

The best part are the people sucking up to the hackers and begging for some of it:

https://etherscan.io/address/0xeB31973E0FeBF3e3D7058234a5eBbAe1aB4B8c23#comments

Truly the financial future we all deserve.

Imagine when binance collapse, it will be the greatest meme of all time on the crypto world

No way they are surviving this. This is how Kucoin ends.

Kucoin - The People's Hacker's Exchange

It’s a good thing these people didn’t store their money in a filthy bank full of fiat currency.

Funds Stolen Away From U

USE. A. DEX.

https://youtu.be/DelF6zEHXpE

name change from KuCoin to NoCoin

Morons. Not your keys, not your coins. Lmao

Ooof. Supposedly they're looking at more than $100 million gone.

This is a nice way to remember that I have 1M sats on there

https://youtu.be/nRzL0kdUnME

&#x200B;

Live stream from Kucoin boss, he looks nervous AF

Oh Christ

160M stolen so far and counting

never heard of them, but they are a pretty large volume exchange. average about 2,500 BTC traded each day.

&#x200B;

incorporated in Seychelles - East Africa.

they dont know what happened yet, but assure everyone funds are safe? this is a premature PR to prevent the bank run exchange run where everyone withdrawals their crypto from the exchange. (and they should withdrawal)

What about sq strat ? When can I spend bitcoin at all square merchants ?

Jack is full of shit censors left right and centre

How is this going to help the giant political monolithic machine that is Twitter? Sounds like it's going to be another centralized mess.

Bitcoin, not blockchain.

Hello, your post was removed because your account is less than 50 days old or you do not have the required 500 comment karma to make post submissions.

GEOHOTZ!

So this is essentially another solution for scaling? Or what's the major breakthrough here?

Does this obsolete other layer2 solutions like Matic or OMG?

I hope eth 2.0 comes out strong, still a good thing seeing other projects working on solutions for ethereum scaling issues, Matic Network doing great on Layer-2, nervos network working on ZK-ROLLUPS implementation as part of its development roadmap.

What?

Very nice, cheers to Synthetix 🥂👏

Cool, I loved how this is written with the different perspectives, sounds like a Movie script :) Very well written!

Smart contracts are actually quite dumb. They are literally dumb contracts.

So, a team of hackers colluded with a mining pool to steal ten million dollars' worth of mETH from its rightful owners? The rightful owners, of course, being whoever exploited the vulnerable contract first, since code is law.

Thank god they saved all that ponzi money for the sake of its anonymous ponzi masters. How very noble.

I remember when I had the same problem with my real world fiat bank. /s

10 years from now everyone will look back of how dumb and young this industry is and how it has grown

What in the convoluted garbage nonsense hell is this? God I hate Crypto.

So moral of the story is unless you're lucky to get a small army of selfless, well connected, dedicated, competent and obviously unpaid volunteers working overtime you can lose millions EVEN IF eventually you notice the fuckup and try to salvage the operation. It's not a dark forest. It's an accursed quagmire.

Do anybody know about Ethereum Fruit Bot, is it real or scam

this better be in the Ethereum movie.

samczsun is a national hero

With the thumbnail and the topic I half expected this to be a link to some fantasy novel ebook, before I checked which community it was posted in...

edit: an interesting read nonetheless

"Trustless" "Smart" "Contracts"

This is really amazing and I respect the people who did this to the highest level. But I am just so shocked after all those agents they interacted with no one just said fuck it and cashed in 10 million. Absolutely amazing and very noble. Glad we have people like this in the space

Thrilling

I never thought about white hat hackers being responsible for taxable income from an event like this. This is probably the greatest example of technology staying ahead of the law.

This is a good read. I have been in this space for what feels like "forever" (2013) but my grasp of certain technical aspects is still rather limited. This was kind of eye opening as for whats happening in the mempool. My questions is: Is this how it was intended? Is this "good for Ethereum"?

As a very general note, I have the feeling that blockchain in general and its value proposition in particular are already very hard to grasp for the general public. But smart contract platforms (not just Ethereum) take it to another level. I have been doing some programming in the past but none of this sort and most of this stuff is way over my head. Clearly this is all in an early stage and the buggy, badly audited smart contracts get weed out quickly (sometimes meaning lots of people lose money), but where is this going in the future, if hardly anyone (any non-programmer) can understand the whole process? Personally, I find DeFi an exciting new application but I am not ready to dump any money into any of those token, no matter what kind of profit other people are making with this. I am more of a conservative crypto guy I suppose, as per Warren: don't invest what you don't understand. I do understand Bitcoin, Ethereum and Doge and I am invested in 2 of those 3.

The fact that they have to do this sort of thing kind of makes you wonder about the point of all this "smart contract" business, no?

It's funny to see how they managed to organize miners to mine the white hat intervention without letting front-runners know.

It'd be more complex to pull that out in PoS.

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There is a discussion on Hacker News, but feel free to comment here as well.

This is amazing. Hopefully they'll implement other stablecoins as well. I want USDT, DAI, TUSD, BUSD, SUSD, yUSD, DUSD... I want them all. Maybe even normal dollars, since they say that debit/credit card deposits are possible.

If this isn't Ethereum and dapps moving into mainstream, then I don't know what signal are we waiting for. $ETH to $1000, 4 months from now. $ETH is money.

Unlimited free trades with instant execution

How is this possible? What Layer 2 solution have they chosen?

They got me hooked at "free $100" :D

Stage 2 of the Polymarket Beta is almost here. Unlimited free trades, debit/credit card deposits, email login, and 10x more liquidity. Get early access and a free $100.

What would this mean for cardano and others? Is there a need for them if eth2 is a success?

Everyone can't wait for this update to happen.

Last chance to buy Eth below 1k

So is eth 2.0 might launch this year?

So what will happen to the folks with mining rigs?

Phase 0 mainnet is coming soon (no “™️” necessary)

They're really sure about this one... dare I believe?

Short and oh so very sweet. I love it.

Seems like we are very, very close. Congrats to the devs and community.

The suggestion that Eth2.0 phase 0 could cause ETH to fail the SEC's Howey test is a new, and somewhat concerning, one to me.

I would love to hear another opinion on this.

https://github.com/ethereum/EIPs/pull/2982

Good job ppl, lookin forward to staking for years now

Thank you Danny!!

In short?

An eye opening essay. thanks.