[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 42 KB, 250x250, Binnace.png [View same] [iqdb] [saucenao] [google]
52392782 No.52392782 [Reply] [Original]

Is not too big to fail. Ppl think CZ is too damn powerful. All it takes for is tether to blow up. Binance will be dead

>> No.52392805

>>52392782
of all the cult leaders in the space he used the run the best, and eleminiated his biggest competitor.

>> No.52392829

>>52392782
all exchanges steal customer funds
nearly all exchanges fake transactions with bots for volume

I went through three "oohh shit I got hacked" by exchanges in three month of being involved in crypto

>> No.52392843

>>52392782
Who would live in tether nuke itself?

>> No.52392849

CZ is the boss and if you haven't figured it might be a good idea to stack on BNB idk what to say

>> No.52392860

They have bitcoin dumb newfag

>> No.52392874
File: 235 KB, 1200x780, 1668295278433.jpg [View same] [iqdb] [saucenao] [google]
52392874

>>52392782
Nigger

>> No.52392923

>>52392829
modern fractional reserve banking was literally invented by jews who realized they only needed to keep a fraction of the gold on hand, while using the rest to make themselves rich beyond measure

anybody who can't grasp that the temptation for exchanges to engage in 100x as much fuckery as some medieval jew ... well, they deserve to lose everything

>> No.52392965
File: 45 KB, 512x497, unnamed.jpg [View same] [iqdb] [saucenao] [google]
52392965

>>52392782
Changpeng Zhao did more to defeat woketards than Cuckservatives ever could.
I am in the eternal debt of Binance.
>Blackrock lost billions
>Gensler in hot water
>Jews being called out
>Dozens of shitcoins being destroyed like Solana and ftt
>An entire democratic pedo network exposed
>An entire collusion network exposed.

>> No.52392989

>>52392782
good all exchanges should die. bitcoin is the original P2P financial transaction network.

>> No.52393023

It isn't too big to fail, but it is big enough to take the entire goddamn market to the grave with it.

>> No.52393044

>>52393023
All the Binance fud is just coming from FTX cronies and orbiters.
Give it a week or 2 and they give up.
You will always have the eternal retards that yell everything is a scam. Funny how they never predicted FTX collapse though.

>> No.52393047

>>52392829
why the fuck would you continue to keep money on an exchange? It happening 1 time is understandable even though anons warn everyone 24/7 to not do it...but 3 times in 3 months, come on anon, thats piss poor judgement and outs you as being too stupid to self custody.
https://twitter.com/gabrielhaines/status/1591551592372764680?cxt=HHwWkICwkbXvqZYsAAAA

>> No.52393055

It will fail or CZ will bend the knee. He's done enough nefarious actions to make any move against him justified.

>> No.52393070

>>52393047
I didn't, I got the fuck out of crypto last year.
I didn't get major funds stolen from me.

>> No.52393078

>>52393047
>>52393047
>why the fuck would you continue to keep money on an exchange?
Why the fuck would you buy coins, if they fail you lose all your money.
Same logic. Nothing is safe in crypto retard.

>> No.52393101
File: 250 KB, 1242x715, 3FC110FA-6F3E-479B-AF54-857FAD1015EA.jpg [View same] [iqdb] [saucenao] [google]
52393101

>>52393044
>All the Binance fud is just coming from FTX cronies and orbiters.
this. Funds are safu. CZ has something that other people don't. He knows how to manage risk and isn't a degenerate gambling retard like 99% of the "leaders" in the space

>> No.52393105

it should be obvious by now that binance has chinese backing. Possibly russian and iranian too. they're not going to let it go down, even if cz were actually reckless and this ins't just a shill wave designed to create a bankrun on binance as revenge for taking out globohomo ftx.

Funds are safu

>> No.52393117

>>52392829
You sound retarded

>> No.52393135

>>52393101
binance has stolen customer funds
>have a large reserve
binance has a reserve meaning they have
stolen customer funds instead of just taking their transaction fees

he fucking admits it there lol

>> No.52393149

>>52393078
Haha, you are an excellent troll. Yes, keeping your money somewhere other than to yourself is the same exact thing as taking part of the asset. Brilliant thinking, when did you get accepted to Harvard?

>> No.52393178

>>52393135
>binance has stolen customer funds
No, they haven't
>binance has a reserve meaning they have
stolen customer funds instead of just taking their transaction fees
They haven't stolen customer funds. This is retard levels of cope and seethe
>he fucking admits it there lol
Finish your ESL classes

>> No.52393198

>>52393101
>Have never taken on debt
That's not how businesses work. You would expect /biz/ to know, but I guess that newfags are just too much into cryptoshit

>> No.52393220

>>52393198
You aren't saying anything with content. Shut the fuck up if you're just going to say the first random shit that comes to your mind

>> No.52393227

>>52393178
he says binance got a reserve instead of
saying that binance got all userfunds

>> No.52393235

>>52393227
You're just repeating yourself, retard

>> No.52393248

>>52393235
has binance withdrawn userfunds?

>> No.52393252

>>52393044
yeah. real tiresome with those butthurt ftx posters on /biz/ since the collapse.
>noooo I got jewed by jews so must you!!!

>> No.52393298

>>52393248
Retard. His reserves aren't based on user funds. Educate yourself
https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626

>> No.52393316

>>52393298
>His reserves aren't based on user funds
a reserve means that you don't have the principle
ammount of funds deposited with you

>> No.52393365

a chink running a startup from the cayman islands
what could go wrong?

>> No.52393512

>>52393044

projection, obvious Binance is spamming this board to distract from its own shortcomings

>> No.52393767
File: 639 KB, 1168x2133, AA417ED2-D4B8-44F8-A1CC-95AD53A77BE3.jpg [View same] [iqdb] [saucenao] [google]
52393767

>>52393316
>a reserve means that you don't have the principle
>amount of funds deposited with you
What the fuck are you talking about? It's the money they have stored in their cold wallet. Not some IOU bullshit. They have it on hand. You make no fucking sense.

>> No.52393795

all you faggots using cexs need to use defi and your own wallets and none of this shit ever happens