Announcement

Collapse
No announcement yet.

Bitcoin and NFTs

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    “Side hustles”? Moi?

    Comment


      Oui, toi.

      I've read some of the portions available on Google Books. It is good.

      Comment


        FCA study on UK consumers and crypto

        Gotta love this guy:
        Kyle lives in Manchester where he is studying modern history with economics at university. Kyle “partied hard for a few years” but now runs the volleyball team and has stopped smoking cannabis, which has allowed him to have enough money to purchase cryptoassets. Before studying, Kyle worked as a broker in binary options. After graduating he hopes to work in either recruitment or sales.
        Kyle dealt with cryptoassets when he was 16 to purchase illegal drugs online, but it was “only when I was 20 or 21 when I saw it as an investment”. Kyle bought £1,100 worth of Bitcoin, Ripple, Tron, Excelen, Appcoin and Elastos with his student loan in January 2018. His purchase was made “at the worst possible time” by his own admission, as the value of Bitcoin plummeted just a few weeks later.

        Comment


          Oh, man.

          Comment


            [URL]https://twitter.com/jakeadelstein/status/1107339075810258945?s=21[/URL]

            Comment


              Of course he is

              Comment


                SEC publishes framework for assessing whether a token is a security.

                Also, a no-action letter saying TurnKey Jet's private token isn't a security. No, I haven't heard of them either.

                Comment


                  This is possibly the funniest crypto story I've ever read.

                  Comment


                    Kind of amazed there's no Alphaville post on this yet. Izzy must still be on holiday.

                    Comment


                      Are we able to agree it was a bubble now? I am rather amazed how many people I considered to be relatively smart got hooked in during 2017.

                      Comment


                        I thought we agreed it was a bubble back in 2017.

                        Comment


                          Yeah - I was more thinking rather than on here, the wider world including the HODLers.

                          Comment


                            Here she is.

                            Comment


                              Alphaville? I can't see it behind the paywall, but I bet it's big in Japan.

                              Comment


                                It isn't a paywall - it is a free login with google.

                                Comment


                                  No need to Google. Just register.

                                  Comment


                                    If you can't be bothered to register, Amy Castor (who has been great on Quadriga) has a good summary here.

                                    Comment


                                      David Gerard's timeline is pretty fun right now too, as you can probably imagine.

                                      Comment


                                        dglh's "wider world" is pretty goddamn narrow.

                                        It just so happens to be one that several of us inhabit.

                                        Comment


                                          India contemplates crypto ban

                                          Comment


                                            Tether is backed 1:1: by USD! Or maybe 0.74:1.
                                            Neither the updated disclosure nor the line of credit transaction itself hasimpeded Tether’s ability to process redemptions. As of the date I am signing this affidavit,Tether has cash and cash equivalents (short term securities) on hand totaling approximately$2.1 billion, representing approximately 74 percent of the current outstanding tethers
                                            This is particularly fun:

                                            Beyond Tether’s cash on hand, additional reserves are available, though inless liquid form. That Tether does not now keep liquid, cash reserves equal to 100 percentof the outstanding tethers is not only disclosed to customers, but hardly a novel concept.Commercial banks operate under a “fractional reserve” system whereby they keep cash on hand representing only a small fraction of customer deposits, deploying the rest viainvestments. According to the Federal Reserve website, the banks must keep cash reservesrepresenting, at most, only 10 percent of their liabilities. (Ex. G, at 1.) Tether’s cash is farmore than that, and the company has never lacked the funds to process a redemption
                                            Wasn't the whole point of crypto, and stablecoins in particular, to get rid of fractional reserve banking?
                                            Last edited by Ginger Yellow; 01-05-2019, 09:51.

                                            Comment


                                              Binance hacked and 7,000 bitcoin stolen.

                                              Comment


                                                So Tether was backed 100% by US dollars. And loans. And, um, bitcoin.

                                                Comment


                                                  Not a bad investment these days.

                                                  Comment

                                                  Working...
                                                  X