Loving it
*fud intensifies
Oh boy , this cycle is fun, and getting spicy
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3523. (Read 26610386 times)
May 11, 2022, 05:16:55 PM
May 11, 2022, 05:06:34 PM
May 11, 2022, 05:04:53 PM
May 11, 2022, 04:41:17 PM
May 11, 2022, 04:40:42 PM
May 11, 2022, 04:35:49 PM
I have neither done the analysis, nor have I seen any complete on this wreckage yet, but I am curious how much of what has happened can be laid at the feet of PoS. I suspect at least a portion of it.
Stablecoins are just a ridiculous idea (ask Norman Lamont). End of story.
There's a thread listing 10 stablecoins created between 2014 and 2018. None of them worked.
I vaguely remember nubits crashing in 2016 like todays shitcoin. It had "custodians" who tried to keep the price stable doing buys and sells on exchanges, a bit like todays coin.
https://bitcointalksearch.org/topic/list-list-of-decentralized-stablecoins-3421190
Quote
NuBits (USNBT)
...
Stability: Bad (had long stable phases, but the peg broke in 2016 with up to 90% deviation to the downside, but recovered, in 2018 it broke again to the downside)
...
Stability: Bad (had long stable phases, but the peg broke in 2016 with up to 90% deviation to the downside, but recovered, in 2018 it broke again to the downside)
Today's nubits price is $0.003661 on the only exchange still listing it. Would you buy that for a dollar?
https://coinmarketcap.com/currencies/nubits/markets/
May 11, 2022, 04:20:00 PM
I have neither done the analysis, nor have I seen any complete on this wreckage yet, but I am curious how much of what has happened can be laid at the feet of PoS. I suspect at least a portion of it.
Stablecoins are just a ridiculous idea (ask Norman Lamont). End of story.
It is an idea, but a flawed one. I don't even know why they allow "stable" coins to be traded against other "stable" coins. Are they not the same value?? Why even trade them on leverage? Or why even trade them against each other at all??... It is madness. People selling pixels that I can draw in my basement in paint.exe and then asking for money for something that can be counterfeited without making a difference! Even with a private key, it is pointless. And maybe if it is trapped in a system of a huge video game owned by a company, then it might have some value, but until then it is mostly worthless.
May 11, 2022, 04:10:30 PM
I have neither done the analysis, nor have I seen any complete on this wreckage yet, but I am curious how much of what has happened can be laid at the feet of PoS. I suspect at least a portion of it.
Stablecoins are just a ridiculous idea (ask Norman Lamont). End of story.
May 11, 2022, 04:04:21 PM
……. Yuh , Coinbase
Not yer keys not yer crapto
Hunnid percent
…… and those guys, I mean , let’s not trust them hey ?
Counterparty risk be real yo
Not yer keys not yer crapto
Hunnid percent
…… and those guys, I mean , let’s not trust them hey ?
Counterparty risk be real yo
May 11, 2022, 04:01:25 PM
May 11, 2022, 03:57:07 PM
A direct reference of the Coinbase quote (see @Heuristic post) from their 10-Q:
https://twitter.com/sophiamzaller/status/1524150654897463302
seems to be accurate...
When have I ever provided inaccurate info?
May 11, 2022, 03:52:00 PM
when page parity? 
go BTC, go!
go BTC, go!
May 11, 2022, 03:49:57 PM
May 11, 2022, 03:25:00 PM
Does this count?
May 11, 2022, 03:08:32 PM
Grayscale met with the SEC behind closed doors to persuade regulators to approve the fund’s application to convert into a spot-bitcoin ETF.
Quote
The deadline of approval for Grayscale’s ETF application is July 6, 2022.
May 11, 2022, 03:01:21 PM
May 11, 2022, 03:01:17 PM
I think she sold the LLama for BTCiTcoin.
May 11, 2022, 03:00:12 PM
wow looks like llama have been waiting for this moment since 12 years
reminds me of this
May 11, 2022, 02:54:47 PM
Holy fuck *feigns outrage
Isn’t this the BTC wall observer ?
And not the shitcoin concern troll thread ?
Lmao
*Greta Dumberg gif goes here
*If it helps imagine I wrote like 2 million words of outrage , accusations and projection here, lmao
Hiccup
Isn’t this the BTC wall observer ?
And not the shitcoin concern troll thread ?
Lmao
*Greta Dumberg gif goes here
*If it helps imagine I wrote like 2 million words of outrage , accusations and projection here, lmao
Hiccup
May 11, 2022, 02:51:33 PM
Jump to: