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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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52398656 No.52398656 [Reply] [Original]

Every cefi exchange is insolvent
All of defi is a ponzi scam
What was the point of crypto again?
It's all going to zero

>> No.52398667

Peak fear

>> No.52398695

>>52398656
Coinbase, Kraken, and Gemini are all fine
What do they have in common?

>> No.52398703

>>52398667
unironically. crows hysteria at ath. Annoying part is faggots who lost their money on FTX trying to fuck over other exchanges by encouraging bank runs which will only lead to price crashing if they're successful.

can't wait for this week to be over. imagine trusting that fat democrat rat

>> No.52398711

>>52398656
exchanges are just on ramps. you're all retarded.

>> No.52398911

>>52398695
>What do they have in common?
Being in the US?

>> No.52398936

>>52398711

>> No.52398949

>>52398656
if there really isn't that much to go around wouldn't that be good for the price?

>> No.52398960

>>52398703
if bankruns are possible then they stole userfunds
instead of taking the fees

>> No.52398980

>>52398703
encouraging bank runs is good
imagine being ok with fractional reserve
fractional reserve is what kills price discovery cause of supply dilution

>> No.52399343

>>52398711

>> No.52399357

>>52398695
They are regulated

>> No.52399373

>>52399357
>>52398911
Sounds about white...

>> No.52399396
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52399396

>>52398656
Cryptos only use-case is grey-market, degenerate gambling. Next question.

>> No.52399401

>>52398656
>What was the point of crypto again?
the point is to control your keys and give the middle finger to fractional reserve banks.
ponzi exchanges =/= crypto

>> No.52399411

>>52398980
Listen Chud, Vitalik supports fractional reserve for crypto because its all about sending Putin a message!

>> No.52399472
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52399472

>>52399401
this might explain it to your dull minds

>> No.52399588

>>52399472
>w-when all of society collapses, in accordance with my political beliefs which are founded upon memes posted by 19 year old NEETs on a schizo board, w-we'll see who has the last laugh
lol

>> No.52399590

>>52398695
Owned by strait white males

>> No.52399615

>>52398656
Monero has utility, most shitcoins don't

>> No.52399634

>>52399472
This was drawn as bait, right?

>> No.52399637

>>52398980
Yep this degeneracy needs to die

>> No.52399654

>>52399590
Even if they're assholes. They'll still win.

Our fight is to convince them to let us tag along and we help to do the things they don't want to do.

It all fell apart when we started to treat eachother like less-than. It started with them but then we fought back with anger.

The world is on fire and bitcoin is the retirement plan after the war.

Buy in or get rekt.

>> No.52399710

>>52398711
That disintegrate when you try to get off sometimes

>> No.52399732

>>52398695
Regulated and not run by j*ws

>> No.52399761

>>52398656
Crypto was nothing more than money laundering for elite jewish pedos.

>> No.52399793

>>52399588
this nigga cant rotate shapes in his head

>> No.52399817

>>52398695
no native token to use as collateral and print money out of thin air?

>> No.52399857

>>52398695

What are the odds something like coinbase goes under if we keep crashing in price? 50/50 chance next 6mo CB could go under or what? No way these “safe” crypto exchanges werent tempted to be greedy pigs also.

>> No.52400235

>>52399588
brutal

>> No.52400254

>>52399857
Coinbase were greedy by pumping up the valuation of their stock and dumping on retail. They are guilty of insider trading too. But they weren't playing with user funds.

>> No.52400278

>>52399401
THIS. How fucking braindead is this board right now? Bunch of adhd riddled zoomers who probably never bought btc anywhere but a cex.

>> No.52400414

>>52400254
This, their outrageous fees used to fleece every retard of their lunch money, plus their ventures program that most likely made shitloads.
CB has to have one of the most profitable operations, maybe binance keeps up with volume but I doubt it.

>> No.52400601
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52400601

>>52399396
You sound horrible anon how can you say such as have been accumulating something sweet pussy deal and getting cashback of over 15-35%using the web3 platform,looking forward to seeing GSD launch its Governance token,

>> No.52400683

>>52399615
OCEAN: web3 solutions, ORE ID: Identity Management, these ain't crap, Utility is not just enough, the team behind the project does as well as their code of conducts

>> No.52400808
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52400808

>>52399615
Wtf does it have, am looking for some juicy pussy experience, buy I got my eyes fixed on GSD DAO, the first decentralized reserved currency looking forward anon to get spank anon

>> No.52400874

>>52400683
This sounds good it worth having in my bag together with GSD so as to get some juicy shit, as the are introducing a system where DeFi yield is backed by a physical asset and users can earn in GOLD.

>> No.52400894

>>52398667
need more fear

>> No.52401277

>>52399411
Go get useful dickhead and stop posting some shitty quotes here as you can get some real shit that's gonna make u rich over your rekt ass, cos it handles money using the best yield aggregators.