The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[sdifox]

Or they are running to cayman to avoid jail

 

[MrSquished]

You mean the crypto bros on YT were bullshitting this whole time?

 

[biostud]

The next big thing will be AI coins

 

[Heartbreaker]

The next big thing will be AI coins

Blockchain-AI is the ultimate pump and dump.

Investments

Investments

www.forbes.com

Author Post: The Intersection Between AI And Blockchain Technology – Industries Of Tomorrow

The intersection between AI and blockchain technology has the potential to transform various industries by enhancing their security, transparency, and overall efficiency.

www.forbes.com

 

[IronWing]

Stable Diffusion says, "let's do it!"

 

[Lost_in_the_HTTP]

Lock'em up!!!

---

U.S. News // 2 hours ago
Former SEC chief issues warning to crypto influencers
June 2 (MT Newswires) -- Former U.S. Securities and Exchange Commission official John Reed Stark issued a warning to crypto influencers, cautioning them about potential prosecution.

 

[AdamK47]

Blockchain-AI is the ultimate pump and dump.

Investments

Investments

www.forbes.com

Author Post: The Intersection Between AI And Blockchain Technology – Industries Of Tomorrow

The intersection between AI and blockchain technology has the potential to transform various industries by enhancing their security, transparency, and overall efficiency.

www.forbes.com

For grifters that want to get in on an AI grift but can't let go of their blockchain grift.

 

[MrSquished]

You know. I do agree, crypto is underappreciated by many, it really is quite diverse

 

[Heartbreaker]

Binance's turn.

https://www.npr.org/2023/06/05/1180132574/sec-ftx-binance-cz-changpeng-zhao-crypto-exchanges

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit​

The Securities and Exchange Commission has filed 13 charges against Binance, the world's top crypto exchange, as well as its billionaire co-founder and CEO, Changpeng Zhao, who is widely know as CZ. It's the latest in a string of actions being taken against crypto companies.

In a lawsuit filed in the U.S. District Court for the District of Columbia, the S.E.C. accused Zhao and his company of misleading investors about Binance's ability to detect market manipulation as well as of misusing customer funds and sending some of that money to a company controlled by CZ, among other charges.

 

[AdamK47]

BTC down over 5% so far.

Needs to go down an additional 95%.

 

[IronWing]

Cysto-currency will be the next big thing






until the bubble bursts.

 

[AdamK47]

Today it's Coinbase getting sued by the SEC.

 

[Lost_in_the_HTTP]

All fall down ....




U.S. News // 3 hours ago
SEC complaint accuses Coinbase of running unauthorized crypto exchange
June 6 (UPI) -- The Securities and Exchange Commission filed a complaint against Coinbase on Tuesday, accusing the firm of operating an unauthorized cryptocurrency exchange.

 

[biostud]

A nice little sum up of the binance case:

 

[VirtualLarry]

The REAL motivation behind the SEC's actions... All hail the "digital dollar"?

 

[KMFJD]

https://twitter.com/x/status/1666880836023484451

crypto is not making many new friends

oh and lol

Game Over: Binance US Loses Access to the USD Banking Network, Halts US Dollar Deposits

The SEC has won a key foothold in its quest to subdue the crypto exchange Binance, which just lost its ability to process USD deposits.

wccftech.com

 

[BFG10K]

But a few pages ago cryptobois were telling us Binance was "1:1" with assets, so there was no chance it could fail.

 

[igor_kavinski]

actually there would be a huge opportunity again, but you'd still all miss the boat).

Look into your crystal ball and let us know when that huge opportunity is coming.

 

[Red Squirrel]

Ethermine, one of the LARGEST ETH mining pools is SHUTTING DOWN on July 1, 2023.

"The ERA of MINING is OVER..."

That's the pool I was with when I was mining. Was a fun run! I wish I had kept my ethereum though, I had around 2.5 eth if I recall, which is like $2,500 or so right now. It was around like $300ish or something at the time and felt it was not worth the trouble of converting it and figuring out the taxes.

 

[KMFJD]

https://twitter.com/x/status/1667213136900833292

Where will the Lakers play next year?

 

[dullard]

https://twitter.com/x/status/1667213136900833292

Where will the Lakers play next year?

Enron Stadium? KMart Pit? Silicon Valley Bank Arena? Center for Failing Companies? Asylum for those who Invest From Signs on the Side of Buildings?

 

[darkswordsman17]

Enron Stadium? KMart Pit? Silicon Valley Bank Arena? Center for Failing Companies? Asylum for those who Invest From Signs on the Side of Buildings?

Twitter Forum?

Musk Emerald Mine Emporium? (The MEME, get it?!?)

 

[Fanatical Meat]

I still don't get what the purpose of crypto is? Only partially decent answer I got was it is easier to send money to someone who lives within an oppressive regime.
What does crypto do that cannot already be done with standard banking or cash or credit?

 

[snoopy7548]

Something about decentralization. Like, the government doesn't "control" your money, and if your country's currency goes to shit, your crypto will be "safe." Both of which make zero sense.

 

[biostud]

I still don't get what the purpose of crypto is? Only partially decent answer I got was it is easier to send money to someone who lives within an oppressive regime.
What does crypto do that cannot already be done with standard banking or cash or credit?

It is electronic Anarchy cash.