/biz/ - Business & Finance

Soilet?
More like Toilet lmao

>>52385868
wrapped bitcoin is not real
why would you ever buy this garbage?

>>52385868
you were supposed to buy the real ponzi bitcoin (ticker: BSV), retard.

>just buy BTC and hodl bro
Exactly, buy BTC not any BTC derivative retard

>>52385868
>You fuckwads told me to "just buy BTC and hodl bro" so I didn't and bought some other Frankenstein coin and now I'm fucked and it's all your fault

You forgot to unwrap it

>>52385917
Not falling for that idiot

>>52385955
What does that even mean?? You have to "unwrap" to get it? I see absolutely nothing in my wallet that says unwrap

>>52385868
same thing happened to stsol
it fortunately rebased since though

I know this is worthless but does this confirm the theory they were manipulating BTC with wBTC for the past year or not. I know they did it I just am wondering if this is proof or not.

>>52386061
I don't think wBTC was big enough to move major markets

>>52385985
Right-click on it and and click 'Unwrap' dumbass

>>52385880
Designated shitting chain

>>52385868
>nobody told me investments carry risk
kys

lol imagine buying wBTC and then complaining

>>52385868
You didn’t buy Bitcoin you bought wrapped Bitcoin

You bought a random shitcoin that is supposed to be backed by the real thing retard

>>52386168
To be fair a lot of people equate BTC with wBTC. Isn't that supposed to be backed by a16z or something?

HAHAHAHA He didnt even buy the right BTC AND instead of getting wBTC he got the FTX version HAHAHAHAHAHAH

How can you be to stupid

>>52385868
Haha. I hope you get cancer, too. Dumb amerifat.

>>52385868
Oh dear how unfortunate.

>>52385868
That’s sollet wrap (FTX Solana wrapped shitcoins with zero collateral)
It’s going to zero
wBTC is BitGo garbage, if BitGo goes insolvent or get hacked wBTC will also go to zero
Unwrap your shit and take self custody of real BTC

>>52385868
Oh no......

>>52386339
Really tempted to reply the "stop calling things gay" guy with "you're a fucking faggot"

>>52386339
Lol the down votes

>>52386318
Yeah BitGo that's what it was. Backed by Galaxy Digital and they're pretty reliable

You thought you bought crypto but you just gave some guy money for a promise to maybe get crypto sometime in the future.

>>52386559
>pretty reliable
no they are not
wBTC is just a shitty multi-sig held by 5 faggots that can take the first flight to Dubai and rug it
wBTC is the biggest systemic risk we have right now
Unwrap them self custody or cry later

>>52386339
>its 2022, stop calling things gay

I revel in these mongoloids getting swindled out of their money by the kikes. Truly goyim nigger cattle.

>>52386316
I thought you had posted this picture at first when I scrolled down and glanced at the thumbnail. Weird and uncanny

>>52385868
Sir, that is not bitcoin.

>>52385868
get renBTC

>almost $5k
what did he mean by this?

>>52386847
Majority of dark pools were acquired by FTX
renVM is radioactive right now

>>52386860
It's a wrapped Bitcoin token on Solana. "Backed" by FTX

And now it's depegging down to $0 because people are realizing there's nothing actually backing it and everyone is getting out

>>52386896
its 1:1 backed, you can literally verify it on chain
https://explorer.renproject.io/

>>52386847
What's ren?

>>52386905
>there is nothing
there was nothing even before
https://twitter.com/bitcoincomfy/status/1590198593088290817

>>52386943
It’s the best bridge out there, but the actual pools doing the trickery are controlled by FTX which is now ransacked, so be careful out there
Wouldn’t trust anything right now

>>52385985
>What does that even mean?? You have to "unwrap" to get it?
if you dont unwrap it and let some air get to it every now and again, it can get sweaty, mouldy and spoil, thats why its worth a lot less now, you fucked up retard

>>52386257
>he didn't even buy the right Ponzi
Imagine a world in which Charles Ponzi was not only one of the richest businessmen in the world, selling his Ponzi notes, but in which other people had sprung up and started offering their own notes, convertible to Ponzi notes.
You don't have to imagine. That is our world.

>>52386949
holy fuck

>There is not even a mechanism to unwrap them (you had to send them on FTX and sell them).
I am laffin

>>52386945
a cross chain bridge and the best one out there. Its backed by a token and all assets are 1:1 backed which you can verify yourself.
Great to swap assets without needing a centralized exchange.

https://bridge.renproject.io/welcome
I use it all the time, but s >>52386963 said maybe it would be wise to make a bunch of many small swaps instead of one big one just in case something unexpected goes south.

>>52386639
Watch your fucking mouth pussy

>>52387024
Sounds like yet another one of those scams that will be in the news months from now because of some multi-million dollar exploit/rug

>>52387039
You'll never get your money back

>>52387117
even if thats the case, how does it affect you as a user? Just split up your transaction into multiple ones, worst case you lose a fraction. I would say this is less risky than having a cex freeze you for some bs.

>>52386257
DO NOT REDEEM TOKEN SIR

>>52386061
They were manipulating it with tether lol
https://twitter.com/hellspawncrypto/status/1525575167027695616?cxt=HHwWgMC-zYKi96sqAAAA

>>52387623
Jesus, if Tether goes down too.................

>>52385868
> it's Defi not Cefi
Did Sam’s army of trolls manage to fud you out of looking into ICP?
ICP will be the first chain to allow full trustless integration with BTC. Not only will you be able to transact on the BTC chain directly from smart contracts, but you will also be able to wrap BTC in a fully trustless manner.
Since ICP introduces the first trustless wrapping of BTC, that means that whatever wrapped BTC you were using before was not trustless. That is, it all relied on trusting some central person not to be a scammer. So, it wasn’t defi, it was cefi all along, until ICP releases its BTC integration, allowing this whole space to finally start working right.

>just buy btc
>doesn't buy btc, buys something else that pretends to be btc

>>52387039
or else? how much money you lost? does it hurt to think that the kikes robbed you and you are such pussy that you won't even name them? how does it feel to be so pathetic?

You love it when it green anon,investment is a risk and life itself is a risk go get some GSD and be useful faggot, It is the first platform to be a host of new and innovating financial products that utilise vaulted, audited, insured, and verifiable gold bullion.

This nigger is crazy denm how can say something thats horrible,yiu just need to get some sense,as GSD is bringing to you a landmark solution where you earn yields in tokenized gold.

You fuck tards told me to poop in jars and save them. Now my house is filled with jars worth shit.

Fuck you /biz!

>>52386639
Yikes, incel much? Grow up sweety.

>>52386760
Your right anon he's just some pice of shit he's needs some juicy pussy deal,Personally, I'm not gonna run after any pump because,the likelihood of losing your funds is high. I'm waiting for GSD to launch so I can buy at launch and forget it till next bullrun

>>52388510
Hodl, they might be worth millions one day

>>52387971
Honestly this feature alone makes me want to buy some ICP and I'm pretty much a maxi.

Wrapped BTC was always cancer and it was just a matter of time before these schemes started to blow up. Decentralized versions like Ren are only marginally better.

>>52385900
Wrapped Bitcoin is fine.

Solana is the problem here

>>52388986
It has the same weakness though. If bitgo scams us you lose all your money just the same.

>>52386160
Yea anon he's such a retard dick looking looking for some cheap pussy,
as it the first time people can earn gold through yield farming and the gold bullion is audited and insured.

Honestly speaking, investors literally lost their bitcoins?

>>52388986
>>52389022
How much can BitGo be trusted though?

It's backed by this guy.

>>52388778
Wtf is wBTC I guess it's becoming some kind of rekt shit, on the other hand, my buy bag just fucking turned on and I'll be accumulating something different like GSD Gold Standard DAO protocol. It'll make me the most income before EOY

>>52387010
Lololol

They trusted the Bankman. Silly goy.

>>52389362
It's surreal because from what I've seen, a lot of people trust (or trusted) wBTC. It's supposed to be wrapped in the contract so you can always deposit/withdraw whenever you want right? I think many had hoped this would be the solution to using BTC for actual DeFi and other stuff.

>>52389566

>>52390009
> I think many had hoped this would be the solution to using BTC for actual DeFi and other stuff.
The price to pay for impatience. Half a decade ago, everyone knew that Dfinity was working on the correct solution, but that it would take some time. Ethereum was seen as a bit of a scam, in that they were taking the wrong approach with the main benefit being they could whip that shit up in an afternoon so people didn’t have to wait for (a fake version of) the future. And it took off. And everyone knew it was bullshit, with no connection to real world value. But after a half-decade of popularity, most have forgotten that Ethereum was always bullshit, and Dfinity is the real deal. Time to remember in a hurry.

>>52386847
With Ren and Railgun's integration, that might as well be the only straightforward way to anonymously trade BTC

>>52386945
>Interoperability
Basically enables movement of value between blockchains.

>>52386363
more like "it's current year and you are a fucking faggot"

>>52385985
Ahahahahahaha holy shit

>>52389142
no, somebody else has them now

>>52391278
Please reply with that

>>52389142
they literally gave their bitcoins away

>he doesn't unwrap his bitcoin
ISHYGDDT

>>52385985
>I see absolutely nothing in my wallet that says unwrap
https://youtu.be/YvsbrE5Am0w

>>52385985
If you or any other jeets are actually being serious, it's a token "backed" by bitcoin that represents bitcoin on another chain.
It's not actual bitcoin.

>>52392124
The problem is many people think it's just as good as the real thing. I mean it's supposed to be locked in a contract and everything

>>52390009
you're replying to a bot/spammer dumbass

>>52392803
oh.