Token Daily

> Zuck has always believed that connecting everyone on earth was a mission so important that it justified any action necessary to accomplish it.

Anytime someone starts telling you that their end is so noble it justifies any means, you should run away from them as fast as you possibly can.

tripnine - @tripnine 6 days ago

If you ever find yourself in a situation where you have to explain to a relative or acquaintance why FB is bad and they just don't get it, point to this article, it'll save a bunch of time. Great articulation that sums up their issues and potential solutions. Sometimes things bear repeating they are so important.

simmanian - @simmanian 6 days ago

Is it feasible to create a corporate structure that would encourage it to act with the public interest in mind? Are there any known patterns, research, or tries? My very ill-informed mind is thinking of a parent-child structure where the parent gets to veto and only veto decisions made by its children that may be harmful for the general public.

crsmithdev - @crsmithdev 6 days ago

A heavily-recycled story that's been making the rounds since at least 2017. No matter, have to keep the outrage machine going to drive traffic!

smsm42 - @smsm42 6 days ago

I'm reading all the time about how fake news on Facebook supposedly influenced the elections, but I haven't heard of any factual confirmation of that. Did it really happen? Did somebody research that? How much influence did they find? I have seen research that says convincing people campaigning is pretty much hopeless - they'd nod to ads they agree with and ignore ones they disagree with, but won't change their minds : https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3042867

Maybe this research is wrong - but I'd like to see any research if Facebook fake news did really have any influence at all.

swamy_g - @swamy_g 6 days ago

I first thought it was because FB thought his last name was made up.

hvs - @hvs 6 days ago

    I got involved with the company more than a decade ago and have taken great pride and joy in the company’s success … until the past few months.

few months? Then you haven't been paying attention or are just as bad as them.

rock_hard - @rock_hard 6 days ago

Is there a official confirmation that he really mentored him?

All I saw once is a statement that he knows him

BillSaysThis - @BillSaysThis 6 days ago

Cry me a river. He still owns FB stock and AFAIK has not donated prior profits to charity.

tivert - @tivert 6 days ago

The post title was changed from the article title, it should be: "I Mentored Mark Zuckerberg. I Loved Facebook. But I Can't Stay Silent About What's Happening."

ilovecaching - @ilovecaching 6 days ago

I think the right steps are already being taken. Breaking up Facebook would just decentralize the problem up and make it impossible to solve. At least with Facebook everything is in one place, and they have the money and resources to fix things.

renholder - @renholder 6 days ago

Anyone have a GDPR-friendly link? Wayback[0] won't save the site[1], for some reason. =[

[0] - https://web.archive.org/web/*/http://time.com/5505441/mark-z...

[1] - https://web.archive.org/web/20190117191830/http://time.com/5...

ihateyoutime - @ihateyoutime 6 days ago

The piece of sh#t bloatware that is time.com just crashed my phone while loading all the resources to read a text-based article. Go figure.

draw_down - @draw_down 6 days ago

Disingenuous to claim the problems started in "the past few months", IMO.

Show all comments on Hackernews

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tntmod54321 49 mins ago

Why?

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Bot_Metric 1 h ago

500.0 yards ≈ 457.2 metres ^(1 yard ≈ 0.92m)

^(I'm a bot. Downvote to remove.)

^| ^Info ^| ^PM ^| ^Stats ^| ^Opt-out ^| ^v.4.4.7 ^|

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Nopesorrylol 8 hs ago

jesus christ

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ColonelFitzGITRDUN 8 hs ago

This is madness

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BuffetRaider 8 hs ago

And this, folks, is how you create a self-perpetuating dystopia.

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desolategrunt 13 hs ago

sallie mae and those other debt keepers would love to bring this to america

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WE_Coyote73 12 hs ago

Fuck Sallie Mae, that dirty bitch can get rectal warts from a Brazilian gigolo for all I care.

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Ducal 13 hs ago

This shit is why the world is doomed if China becomes the sole super power

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illgiveu25shmeckles 13 hs ago

If they did this America even more people would be getting shot in the streets.

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adam3k3 14 hs ago

Communist China -Alex Jones voice.

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poor-toy-soul-doll 14 hs ago

I had a very negative reaction to this at first like "okay China, you're dumb, we get it" ... but then I remembered how it works in the US.

The Constitution's 13th Amendment didn't exactly outlaw slavery, it only says you can't be held as a slave unless you're guilty of a crime.
Being poor is basically illegal (where ya gonna poop? where ya gonna sleep? nowhere legal, that's where) everywhere in the US.

This planet makes me very sad and angry.

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frackoffm8 14 hs ago

1984 was not a guide

FFS

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NewClayburn 14 hs ago

How about an app that reports lavish spending by Party officials which could go toward paying off debts of working class people instead?

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MosTheBoss 14 hs ago

God damn I love me some "Communism with Chinese characteristics"

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Oxideist 14 hs ago

Guy: buys coffee

Me: "Aw hell no, this dude totally has 20k in student loan debt. IF YOU CAN AFFORD COFFEE YOU CAN PAY BACK THOUSANDS OF DOLLARS REEEEEEEEEEE!!!!!!"

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alsomdude2 15 hs ago

Damn China saw black mirror and said hold my fucking beer.

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Angdrambor 15 hs ago

Thank you, china, for being a real life example of how horrifying it can get.

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__asamara__ 15 hs ago

The logical conclusion to this app is that everyone lives without debt. And if that happens, then modern capitalistic economy cannot work. There are very few places in the world where you can buy a house for cash amount. Meaning it's affordable. You almost invariably have to take mortgage. Wanna to buy a car? Get a loan. Want to get an education? Loan. Want to travel? Loan. Want to buy a TV? Loan? And those very loans keeps the economy afloat and millions and billions of people employee in various category. China is doing a lot of things (if this news story is also true) that will come back to bite them back in few decades.

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Pizzacrusher 15 hs ago

haha, that thing would go completely crazy in the US....

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zypofaeser 16 hs ago

Orwell is spinning in his grave.

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sanguine_sea 16 hs ago

This is probably not true because Daily Mail.

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One_Laowai 16 hs ago

oh dailymail, so probably fake or overblown..

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ipv6-dns 17 hs ago

the U.S. banks are quiet and watch over the experiment with interest... ;)

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Ivalia 17 hs ago

These articles are really misleading. People already discussed it in another post: https://reddit.com/r/worldnews/comments/aiqpni/_/eeq12u5/?context=1

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TypecastHero 17 hs ago

The world is becoming a scarier place to live each and every day.

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AdorableLime 17 hs ago

All these hackers everywhere but not a single one to fuck all that shit up already?

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enginvest 1 - 2 years account age. 200 - 1000 comment karma. 41 mins ago

bullish

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753UDKM Crypto God | QC: BTC 43, CC 39 2 hs ago

Good. If you want to invest in Bitcoin, buy Bitcoin.

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crypto_kang Crypto God | QC: CC 98, BTC 46, ETH 31 2 hs ago

Grayscale already has a product anyway

Plus ETF is the opposite of Bitcoin

This was always a non starter and a non factor

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sgtslaughterTV CryptoNewsSiteSkeptic 6 hs ago

Real news, even bad news on a bitcoin ETF, and this results in little to no market movement? I guess this means we hit the bottom.

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Megalorye Redditor for 2 months. 5 hs ago

Ha ha, no it means that a very select few control the market, no matter what the news is.

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sgtslaughterTV CryptoNewsSiteSkeptic 5 hs ago

Yeah but I remember over the summer just announcing a "delay" brought the price down by like 1000 dollars (8k range to 7k range)

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Megalorye Redditor for 2 months. 5 hs ago

That's because there was still real people in at that point, now it's just whales and their bots.

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beaupain Crypto Nerd 7 hs ago

Et alors?

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ebaley Crypto God | QC: BTC 64 7 hs ago

Not so. The deadline is February 27th.

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Libertymark Crypto God | QC: ETH 69, CC 27 8 hs ago

pretty sure bears are about to get their asses handed to them any day now

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Fly115 Crypto God | QC: BTC 264, CC 96, BCH 63 8 hs ago

This is probably a smart move by the CBOE. The current government shutdowns would make a denial much more likely, as they are running on limited staff and would be extra cautious.

The application is only withdrawn temporarily.

“We were engaged in discussions with the SEC about the bitcoin-related issues, custody, market manipulation, prices, and that had to stop. And so, instead of trying to slip through or something, we just had the application pulled and we will re-file when the SEC gets going again,” van Eck told the network.

Source

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LegendzEnt 1 - 2 year account age. 35 - 100 comment karma. 8 hs ago

Ask yourself what would Satoshi do ? He would give no fux

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mejuwi1 2 hs ago

Haha satoshi was smart, he mined millions of btc and bid goodbye while dumping on the market ever since

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ElRo123 9 hs ago

Nobody needed this anyways, yet I'm surprised it only tickled the bitcoin price. That's a good sign to me.

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Kpenney Crypto God | QC: CC 321 9 hs ago

A year ago this would have had more impact. Now people all over the world are wondering what's going to become of the US. So if the US economy goes out the window, then why wouldn't you come to btc or crypto? Its about a trustless economy anyways, and I'm certainly having personal trust issues with the direction the federal government of the states is taking, I dont think it's very wise for them to prolong a government shutdown, but here we are. The longest one in US history with no plausible end in sight.

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Angel_Madison 44 mins ago

USA news has all been drama and lunacy and infighting as far as we outside of it get fed by the media, punctuated by celebrity gossip and mass shootings most weeks.

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Steven81 Crypto God | QC: BTC 71, CC 54 6 hs ago

Nobody is wondering that. All technology of importance with global reach is made there. It is the defacto world leader, now more than ever. No amount of orange ... shenanigans can change that. Things will only change when factors like the "next" Amazon, Facebook and even Bitcoin is not made by Americans. As long as Americans (almost exclusively) basically invent the world they would be world leaders. Almost impossible to change.

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Kpenney Crypto God | QC: CC 321 5 hs ago

All I'm getting at is that we're witnessing some pretty horrible and very probable long term damage being done to something that was supposed to represent trust, and its market in part leads a good chunk of western countries whether they like it or not, its not like last recession the entire western world didn't feel it in some way. Crypto was born out of the fires of that recession and here we are again on the cusp of something new, I have no clue what will happen. For all I know I'm betting the wrong way but something deep in me is telling me to hodl on, because government doesnt actually way much on the value of something that is technologically innovative in todays age and yet isnt really attached to one government or another. It's about trust in the blockchains themselves that really will drive this thing anyways.

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Steven81 Crypto God | QC: BTC 71, CC 54 4 hs ago

You are right, you have no clue (of) what is going to happen. 2000s was the last recessionary period. We never get 2 such periods back to back in 140 years. Especially fewer reasons to happen now: http://www.multpl.com/inflation-adjusted-s-p-500

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stardawg777 Crypto God | QC: ETH 298, CC 77 5 hs ago

According to this ^^ guy, there are no other countries besides the USA.

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Steven81 Crypto God | QC: BTC 71, CC 54 5 hs ago

Not my fault that the rest of the world refuses to innovate. Tell me one overriding tech with global reach from the 21st CE that is not American. The rest of the world is increasingly left behind. It is sad actually.

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Sanguinius Crypto Nerd | QC: XRP 66, CC 19 4 hs ago

The Australian Government science branch (CSIRO) invented WiFi for one.

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Steven81 Crypto God | QC: BTC 71, CC 54 3 hs ago

Oh wow. And nokia research invented the embedded antenna. Now tell me who popularized those , especially with the advent of mobile phones. It is shoking how less and less the rest of the world is a factor. American products and influence everywhere. China can/could affect the world however they chose to look inwards which of course will kill them in a few short decades. All communist regimes are dead stupid when it comes to long term planning. Isolationist dufuses.

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Sanguinius Crypto Nerd | QC: XRP 66, CC 19 3 hs ago

Agree with you on China however!

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Sanguinius Crypto Nerd | QC: XRP 66, CC 19 3 hs ago

The answer to your question is Asia, whose population dwarfs North America. Grow up mate. The world does not revolve around the US. You aren't even my country's main trading partner anymore. Not even in the top 5 actually. The US is a powerhouse, to be sure. But it is losing relevance. Look at Davos, the rest of the world is balls deep in talks to remove the USD as the reserve currency. Your relevance will continue to wane while you persist with making actors and reality TV stars your President, for one...

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Steven81 Crypto God | QC: BTC 71, CC 54 3 hs ago

And you typed this on an American software written on a programming language invented by Americans which run on a computer whose basic component is an american invention and transmitted over a network whose backbone is in US. You can meet and mingle all you want in your little circles, it changes nothing. The world is built by Americans actors and everybody else basically free rides ... Oh and it has the *gall* to be anti American ... Despite the fact that they do not work outside (most of them anyway) in a precarious jobs is mostly american inventions. Talking about biting the hand that feeds you... BTW I am not american. I am just stating facts. An orange baboon in the white house changes nothing. Everybody waits to see when would Tesla achieve mass numbers in batteries and cars, what the next Apple/Google release would be, how Amazon would deliver their products faster all the while watching movies in Netflix and riding Ubers... Goddamn. This is the most americanized world I have ever been to. US was never as *defacto* powerful as now.

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localname1 1 - 2 year account age. 35 - 100 comment karma. 9 hs ago

CBOE bailed too

https://www.bloomberg.com/news/articles/2019-01-23/cboe-bitcoin-etf-application-pulled-after-repeated-sec-delays?srnd=cryptocurrencies

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ALBORCA WARNING: 4 - 5 years account age. 0 - 32 comment k 9 hs ago

It's the same van is cboe

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localname1 1 - 2 year account age. 35 - 100 comment karma. 9 hs ago

[https://www.youtube.com/watch?v=ufxIk\_yyQFA](https://www.youtube.com/watch?v=ufxIk_yyQFA) thanks. didnt get past the first couple paragraphs. btw the guy behind the van group was just on cnbc (business tv in the US) talking about btc and etfs.

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localname1 1 - 2 year account age. 35 - 100 comment karma. 9 hs ago

Watch tZero. Larger trend attempting to subvert traditional markets, as opposed to working within them. What do you guys think?

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mejuwi1 9 hs ago

What are they doing to subvert the market?

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localname1 1 - 2 year account age. 35 - 100 comment karma. 9 hs ago

look it up. it is a blockchain based market. the way i understand it, it is like a nyse, but built with blockchain.  set to launch this week, many years in the making. 100M invested in dev up to this point. fully in compliance with regulation. no other exchanges can claim that.

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m4tbu 1 - 2 years account age. 200 - 1000 comment karma. 9 hs ago

Domp eet

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RememberSLDL Crypto God | QC: CC 168, XRP 52, ADA 16 9 hs ago

I enjoy a bit of pounding before I cry myself to sleep.

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MrD3flor Crypto God | BTC: 74 QC | XRP: 41 QC 9 hs ago

That's what she said

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tranceology3 Crypto God | QC: Tronix 143, CC 82, BTC 28 9 hs ago

She is the one doing the pegging now.

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dreampsi Hodl My Beer! 4 hs ago

. o O

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kits_ Crypto Expert | QC: CC 92 9 hs ago

Just 8 or so weeks ago this news would have caused a 10 percent dump but the bears are struggling to keep it at -1%. Market is more mature now. People truly think bitcoin is cheap

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mezase Crypto God | QC: CC 116, BTC 55 8 hs ago

"More mature" until a bunch of whales decide to short and market sell 20,000 BTC each.

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fattybrah Crypto God | QC: BTC 198, CC 127, ETH 31 8 hs ago

>Market is more mature now. lol

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tranceology3 Crypto God | QC: Tronix 143, CC 82, BTC 28 9 hs ago

Um maybe that big dump we already had from $6k was because insiders knew this would happen. They are accumulating now.

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mejuwi1 8 hs ago

lol that was the BCH scam dump

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Kotaibaw Crypto God | QC: CC 70, BTC 21 9 hs ago

Pump it

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MrD3flor Crypto God | BTC: 74 QC | XRP: 41 QC 8 hs ago

LOUDER

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yellowshack Crypto Expert | QC: CC 105 7 hs ago

POMP EET!!!

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MrD3flor Crypto God | BTC: 74 QC | XRP: 41 QC 7 hs ago

LOUDER!!

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droid187 9 hs ago

There was never a chance of a Bitcoin ETF ever being approved anyway with tether being such a huge part of this Market. tether would have to totally crash and burn and disappear from this Market or totally open up their books and have a real audit done and prove their legitimacy

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chiefbaboon Crypto Expert | QC: CC 128, XRP 40 10 hs ago

It's the lizard men behind this, I just know it.

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V-M-P 10 hs ago

Haha, we are getting trolled.

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ThouHaveNotSeen 3 hs ago

Someone wanna tl;dr to me why this even mattered to people I mean wasn't bitcoin supposed to be like a currency at one point if you're just hoping people will buy bitcoin, and it isn't even what it was meant to be, aren't you kind of just hoping people will give you more money than you paid for something completely worthless?

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BitconnectHodl 2 hs ago

The people still holding it believe it will become a currency once again, the only thing stopping it are technical limitations so far. Not that I hold any.

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Magikalmonkey Crypto God | QC: CC 203 4 hs ago

Exit scammmm

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chutiyabehenchod Crypto Nerd 10 hs ago

I already saw this coming. I was expecting a rejection. When it didn't go up back to 6k so close to deadline. It had it coming.

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NikhilRao1334 9 hs ago

Bhen ki lauda madarchod

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wolfonallstreetz 1 - 2 years account age. 200 - 1000 comment karma. 10 hs ago

I really don’t give a shit at this point... the ETF wasn’t going to break us from a bear market.

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CoKBrian 1 - 2 year account age. 100 - 200 comment karma. 5 hs ago

that sentiment is shared by a lot of people and probably explains why there wasn't a big pullback because of this news. a big fat MEH

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Steven81 Crypto God | QC: BTC 71, CC 54 6 hs ago

It most probably would though. You are in denial. These news means extension of the bear market until the US government resumes and a new application is made. It basically takes us at least 1 year away from the next bull... Crypto enthusiasts always in denial.

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devilldog 5 - 6 years account age. 600 - 1000 comment karma. 5 hs ago

Just more rime to accumulate...

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realvlad06 1 h ago

Exactly. We should be happy with these prices, from next year we may never see them again.

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YouPoro Crypto Nerd | QC: CC 39 7 hs ago

it definitely would have

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Libertymark Crypto God | QC: ETH 69, CC 27 8 hs ago

less ilegal shorting to me is bullish

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shewmai Crypto Expert | QC: CC 23, BTC 17 4 hs ago

Would that be a result of an ETF? Genuinely curious, not trying to be a dick. I haven’t heard this argument before but it sounds nice haha *If* that’s the case, I hope it happens solely because we currently have shorts on CBOE. May as well even things out and let the real crypto heads trade real coins on other exchanges

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Libertymark Crypto God | QC: ETH 69, CC 27 4 hs ago

Physical backed etfs are more bullish then cash and synthetic

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Libertymark Crypto God | QC: ETH 69, CC 27 4 hs ago

Etf would bring potential of more parabolic Buying and quick money But more shorting too Good and bad Rather have people learn like we all did Peer to peer money Etc

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Fernseherr Crypto God | QC: CC 85, NANO 80 9 hs ago

Because you're in for the tech, right?

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rhorse 10 hs ago

surprise! (not)

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Robby16 Crypto God | QC: CC 257 10 hs ago

Price already factored in.

It’s withdrawn not denied. They will reapply when the shutdown of the government is over and the dust has settled. It’s a smart move.

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mejuwi1 10 hs ago