/biz/ - Business & Finance

[Anonymous No.52666867]

is coinmetro the only CEX that's not running on fractional reserve and has real honest liquidity (no wash trading)?

[Anonymous No.52666874]

>>52666867
you sound like a coinmetrosexual, faggot.

[Anonymous No.52667131]

>>52666867
Are you fucking kidding? You think the exchange that put in a (((price floor))) on their native token isn't drowning in liabilities?

[Anonymous No.52667157]

>>52666867
Kevin, get a life.

[Anonymous No.52667400]

>>52667131
>on their native token isn't drowning in liabilities?
You have it backwards, them, or anyone for that matter being unable to liquidate the token should make it clear to even the biggest brainlets (you) that the token is not being used in any lending nonsense.
Even if they wanted to, it wouldn't be possible simply because there are no buy orders lol

[Anonymous No.52667583]

>>52667400
Sorry but no. I'll try to keep the kid gloves on for you. The price floor ensured no retail could touch the tokens while the CEX was free to brace for a liquidity crisis. This could have only occurred in the realm of the unregulated and is literally the basis for commissioned oversight. I know it is a lot to understand, but there is a reason putting in a price floor was unprecedented and it would not have been required had the exchange been balancing the books properly. Next.

[Anonymous No.52667641]

>>52667583
xcm is highly regulated

[Anonymous No.52667662]

>>52667583
So there is a liquidity crisis at coinmetro and the exchange is using xcm to prop up the missing funds, oh wait they can't actually sell xcm to give users their funds and oh wait withdrawals are still open. So weird anon thanks for keeping the gloves on.

[Anonymous No.52667679]

>>52667662
>So there is a liquidity crisis at coinmetro and the exchange is using xcm (price) to prop up the missing funds
exactly, yes

[Anonymous No.52667712]

>>52667679
Explain in detail how you think this is even remotely possible if they cannot sell the token. You can't do anything with the price of something you need to liquidate it.

[Anonymous No.52667752]

>>52666867
Yes

[Anonymous No.52667767]

>>52667712
It is not about selling the token. It is about the valuation of the token. It's about balancing assets and liabilities. And when you are underwater, you need to find a way to ensure that the value (enter price floor) of the assets correlate.

[Anonymous No.52667816]

>>52667767
>It is about the valuation of the token.
You go make a coin right now, pump the value to some big number, keep in mind you don't sell.
Now, explain to me in detail how you can use that value to get yourself all the hookers and coke you require.

Go pick up a basic economics textbook dumbass.

[Anonymous No.52667915]

>>52667816
This goes beyond a surface level interpretation. You are not considering lenders and creditors. Debt and over-night lending rates. Turing the valuation of XCM into a non-negotiable instrument of minimal requisition has been very beneficial to Coinmetro as a company, especially during these times of subsequent liquidations.

[Anonymous No.52668000]

>>52667915
Which model are you using to generate those responses? Post link

[Anonymous No.52668798]

"kevin", if that even is his real name, is sus asf
exchange will rug < 1 year

[Anonymous No.52668968]

>>52666867
>has real honest liquidity (no wash trading)
Yes, that's why it's so shitty

[Anonymous No.52668979]

>>52668798
Even his bald head isn't real, it's a prop, you can notice couple weird glitches in AMAs.

[Anonymous No.52669008]

>>52668968
The eth pairs have more liquidity than coinbase.
3M at +-2 depth where coinbase has 1.5M
Most pairs have big liquidity now.

[Anonymous No.52669249]

>>52669008
>3M at +-2 depth where coinbase has 1.5M
0.1% spread below 5k too which is nice.
>Most pairs have big liquidity now.
If the shitcoin pairs also had semi-good liquidity it would literally be perfect. I'd gladly take even 2% spread on shitcoins. I don't understand how this isn't priority number one.

[Anonymous No.52669658]

>>52667712
You don't need to spend it.... That's the point. If you did, a bank run would occur. By making it impossible to manipulate for better or worse because people don't want a token that was made for the sake of being a token, you can outwardly appear "stable" to creditors. The whole white knight narrative is as delusional as trusting any other CEX.. except this one made a scammy price floor that users are bypassing themselves on uniswap. Imagine being that out of touch with your community.

[Anonymous No.52671070]

>>52669658
Bump. It’s quite rare to see CM critiqued. Usually metroheads let these threads die to get rid of the dialog.

[Anonymous No.52671291]

>>52667641
they like to hype the fully regulated bs but their own terms & conditions says no

[Anonymous No.52671354]

>>52669249
It is because shitcoins are illiquid that they can be so profitable.

[Anonymous No.52671901]

>>52667767
>It's about balancing assets and liabilities
Kevin has stated in a recent interview that all XCM held by coinmetro is written off as $0 on their balance sheet, so your conspiracy theory makes zero sense

[Anonymous No.52672393]

>>52671291
...how?

[Anonymous No.52672963]

>>52671291
>doesn’t elaborate

[Anonymous No.52673877]

haha fartshit ahhaahaha kikedena hahaha cunnymetro hahahahah
lawlz =*

[Anonymous No.52673887]

>>52666867
>has real honest liquidity
this is true
it has none

[Anonymous No.52673922]

<== I just
put a 200 ecks short on.....

^ ya boys
fat fucking ayass


bazinga
haha trolololololol
rawr

[Anonymous No.52673936]

This exchange is literally DEAD.

Look at that volume. /biz/ is literally retarded for shilling this.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.52674033]

>>52673936
they dont allow washtrading. it's not dead at all, when it was new they had like 4k daily volume for a year, now it's more than 100x that amount, we just need another 100x

[Anonymous No.52674046]

>>52674033
COSS exchange had way more volume than this and they rugged.

This exchange will rug 100%.

[Anonymous No.52674067]

>>52674046
coinmetro has been around almost since the same time coss was started. coss was started by an infamous scammer, you're 2 dumb to deduce truth

[Anonymous No.52674150]

>>52673936
Did you really say
>HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Out loud?

[Anonymous No.52674157]

>>52674150
Yeah, I'm chuckling to myself laughing at you shitheads

[Anonymous No.52674164]

>>52673887
see this image >>52673936 more liquidity than Coinbase on eth pairs.

[Anonymous No.52674186]

>>52674157
That is a weird amount to laugh at an exchange not getting much volume.
What do you think about Bitfront shutting down yesterday despite doing low 9 figures of volume?

[Anonymous No.52674332]

I literally don't give a single fuck that every other exchange is imploding alongside the entirety of crypto
Assblasters wisdom and Kevins charisma is the only reason i've had my life savings in these cunts
I sleep like a baby
Yes I am insaiyan
I will be victorious
It is over for (you)

[Anonymous No.52674387]

>>52669658
>out of touch with your community.
Coinmetro doesn't even have a community yet.

[Anonymous No.52674652]

>>52666867
>is coinmetro the only CEX that's not running on fractional reserve and has real honest liquidity (no wash trading)?
lmao, no thanks goy

[Anonymous No.52674684]

>>52660007
Binance acquired a regional exchange in Japan today. Probably nothing.

[Anonymous No.52674840]

>>52674684
I wonder why they did that

[Anonymous No.52674931]

There's a scene in the movie Falling Down where the main character walks into a Korean convenience store to exchange a US dollar for cents, so that he is able to make a phone call. The Korean owner says no and the main character must purchase an item. He walks up to a refrigerator and picks up a can of Coke. The Korean owner says the can costs 85 cents, but the main character refuses to accept such a high price and asserts it should be 50 cents because it would not give him enough change for the phone call. The Korean owner takes out a baseball bat but is immediately disarmed by the main character. Disgusted by the high prices in the store, he rolls them back to 1965 prices, walks around with the baseball bat and asks the Korean owner how much each item costs. Every time the owner says an incorrect price, the item gets damaged. The main character eventually works his way around and picks up the can of Coke and asks him the price again. This time the Korean owner says 50 cent and the main character accepts the price offer.

Coinmetro is the main character and we are the Korean owner. We have to accept the price floor or we will get hit by Kevin Murcko and his baseball bat.

[Anonymous No.52674963]

>>52674840
Her breasts are too big but I like the emphasis it gives her flat tummy.

[Anonymous No.52675008]

>>52666867
Rest easy based anon, considering the rate of other exchanges going under, CM will remaij the only cex standing. Not much use for advertising then, i guess they knew it all along, that's why their marketing was so shit

[Anonymous No.52675117]

>>52670409
>google has dropped the “don’t be evil” slogan for the right reason.
Why did they drop it and why do you think it's good they did?
Seems to me that changing your core values once you've grown to be the largest monopoly isn't a good thing.
>tfw in the Love, Forever Alliance with (You)

[Anonymous No.52675190]

>>52666867
I don't trust any CEX since the beginning of Bitcoin with MtGox. I have my remaining funds in a cold wallet I feel it is safer. Meanwhile, I enjoy playing Family Feud with my wife at home and earning passive income at the same damn time

[Anonymous No.52675207]

>>52674931
Cool story oldfag. Great show of example so that even dumbass could understand. Will be cool to read while holding a cup of popcorn and playing Wheel of Fortune on the Gamestar+ platform.

[Anonymous No.52675221]

>>52671291
They better stop the hype then. Baseless.

[Anonymous No.52675227]

>>52675221
>>52675207
>>52675190
We know you are a bot, FUCK off

[Anonymous No.52675416]

>>52669658
although what you say is true. XCM is only tradable on coinmetro right now, ie. they control the token supply. im sure big players would very much like to get hold of large amounts of the token to attempt a run, but with it so tightly controlled it makes it almost impossible to push it below this price.

if they ever start large scale distribution outside their exchange while attempting to maintain the floor i would be a lot more worried as they could easily lose control of it then.

[Anonymous No.52675446]

>>52675190
Cool story bot. Great show of example so that even dumbass could understand. Will be cool to read while staking XCM on Coinmetro and seeing the bonus counter for each reward on MARS go up.

[Anonymous No.52675487]

>>52675416
>XCM is only tradable on coinmetro right now
https://www.dextools.io/app/en/ether/pair-explorer/0xc6b1a2218377a812e34f45effc8879d696063043

[Anonymous No.52675686]

>>52675416
How? Users none of whom can stake more than 1,000,000 XCM are staking a third of the total supply. Coinmetro have their own reserves too.

[Anonymous No.52675925]

>tfw I will be able meet cute crypto gf in solana stores soon
https://twitter.com/coryklippsten/status/1597802608856805378

[Anonymous No.52675977]

>>52675925
Does that panel blue screen of death during network outages?
For me it's using Google pay on My SOL phone to pay for dinner using my obsidian black crypto.com membership. I love showing m'ladies how crypto is the future of decentralised payments.

[Anonymous No.52676010]

>>52666867
lel I can't believe there are still shills for the crap

[Anonymous No.52676020]

>>52675977
Nothing wrong with keeping your funds in assets that make sense and then selling them with minimal fiat holding time.

[Anonymous No.52676056]

>>52676020
You need to stake $400k dollars worth of CRO for an obsidian black card.

[Anonymous No.52676068]

>>52676056
So what? are you poor or something?

[Anonymous No.52676075]

>>52675487
>price 0.2897
nice liquid supply you got there.
>>52675686
how what? the supply is staked interally and coinmetro control the supply wholly in the exchange, exactly as i said.

[Anonymous No.52676124]

>>52676075
Even if the token could easily be bought elsewhere I don't see how anyone could gain control of it.

[Anonymous No.52676137]

>>52676075
>nice liquid supply you got there.
Thanks

[Anonymous No.52676284]

https://www.coindesk.com/policy/2022/11/30/eu-crypto-nft-providers-must-report-tax-details-under-leaked-eu-plan/
It's over

[Anonymous No.52676297]

nooooooooooooo I was doing so much tax evasion

[Anonymous No.52676373]

>>52676297
>Crypto providers will have to report details of their EU clients’ transactions to national tax authorities within the bloc, under a bill set to be proposed by the European Commission next week.

[Anonymous No.52676400]

It is running fractional reserve though

[Anonymous No.52676788]

>>52676400
nuh uh
*takes slightly larger sip*

[Anonymous No.52676847]

>>52675117
a-anone i can’t respond, people are tired of my funposts
seems they didn’t drop the motto because of the ambiguity of defining “evil” so it was a bad example. their business isn’t (wasn’t) primarily about philosophy, but google is some example of company capable of sustaining heathy moral values at scale, it’s not easy to achieve.
https://en.m.wikipedia.org/wiki/Don%27t_be_evil
my original point was, vilifying labels are more often used to harm entities or groups (i.e witch hunting, racism, antisemitism, etc) than maintaining moral systems. imo the latter should be based on objective and impartial information about reality, rather than fears and misunderstandings. eventually again this is mere semantics so if you really don’t like this view, you may discard it.
>LFA shall make the multiverse as comfy as consciousness can be

[Anonymous No.52676867]

>>52676847
discarded

[Anonymous No.52676931]

>>52676847
>google is some example of company capable of sustaining heathy moral values at scale
I thought she was crazy but you really are a fed.

[Anonymous No.52676979]

>>52667400
>not being able to buy or sell your asset is a sign of how robust it is

just kill yourself honestly, you deserve to lose everything

[Anonymous No.52677001]

>>52676979
Rude.

[Anonymous No.52677011]

>>52676979
It's a sign of how they can't do anything dumb with it.
I never said it's robust or an ethical thing to do, ESL monkey

[Anonymous No.52677427]

>>52676124
what are you on about man, read what this anon said
>>52667583
>>52667679
>>52667767
>>52669658
>>52667915
it is a counter arguement to this. if you don't understand what is being discussed ask clearly please

[Anonymous No.52677695]

>>52675416
>If they ever set fire to all their servers and start throwing bundles of cash out of the office window i would be a lot more worried as they could easily lose control of it then
Here's the fun thing about Coinmetro- they're not retarded. Why the fuck would they pay to list XCM on another exchange (you do know that's what happens, right?). The reason they haven't had explosive growth like FTX or Binance is because they aren't collateralising loans with monopoly money or playing w--jew of wall street with user assets. Coinmetro can either be a slow grower because of constrained financial resources, or throwing around cash and tokens like it only has six months to live. The fact that it's doing the former disproves the latter
>>52675008
I'm unironically starting to believe this is true

[Anonymous No.52678764]

https://blog.kraken.com/post/16442/business-update/
Kraken have got to be one of the top 5 most profitable non-bucketshop exchanges and they are downsizing.

[Anonymous No.52678817]

>>52678764
>Krakenites

[Anonymous No.52678833]

>>52678817
Name 10 better names for Kraken employees.

[Anonymous No.52678856]

>>52678833
Krakors of course ))

[Anonymous No.52678913]

>>52678833
Krakies
Kriggers
Krakonies
Krakers
Krakons
Krakenieers
CryptoKraks
KrayKraks
Oktupus
Krakeas

[Anonymous No.52678933]

Krakeelites

[Anonymous No.52678990]

>>52678856
>>52678913
>>52678933
Now put those 12 along with Krakenites in order of seniority within the company. Then give Jesse an official title denoting his higher rank.

[Anonymous No.52679004]

>>52678990
I spend so much brainpower coming up with 10 I can barely read your post

[Anonymous No.52679012]

>>52678990
I feel like Jesse Powell and his crackwhores is enough.
Yes, I'm explaining the joke. No, I'm not funny.

[Anonymous No.52679065]

>>52679004
I have spent most of the last 24 hours masturbating and couldn't even think of one.
>>52679012
At least make him the grand wizard of krakors or something.

[Anonymous No.52679506]

>>52679065
>masturbating
to what?

[Anonymous No.52679609]

>>52676056
xcm blacked card wen

[Anonymous No.52679794]

>>52666867
Can't fall victim of deceit, simply making use of a privacy wallet

[Anonymous No.52679806]

>>52679544
no, first was me, iwas genuenly ccurius and im sad tghat no one andwered
writingm this from vr

[Anonymous No.52679874]

>>52679806
Isn't it really weird that someone else copied your text and posted loli hentai? Is it a bot?
Someone stole my thumbnail recently, but that's not really the same.
>writingm this from vr
How are you doing that? Is it a virtual keyboard or do you mean a browser inside VR?
I kind of want a VR headset to mess around with for a day, but can't justify the purchase. Equipment not needed (yet).

[Anonymous No.52679886]

>>52679794
Benchod.

[Anonymous No.52679919]

>she doesn't know the is coffee good for you meme phrase

[Anonymous No.52679966]

>>52679919
I feel bad for not having done so earlier out of laziness, but if you're going to take the image even as a joke please use this jpeg.
I don't know if you're joking about it being a meme phrase or not.

[Anonymous No.52680069]

>>52679966
It's part of the
>(Lust provoking image)
>irrelevant time-wasting question
series.
For more information I can refer you to knowyourmeme.

[Anonymous No.52680099]

>>52679919
i was refferinging it bu? TALSO WQANTEED TO KNOW sry for caps i dont wang t to rewfrite

[Anonymous No.52680119]

ok battery died when I pressed submit, back to normal

[Anonymous No.52680163]

>>52679874
You see your desktop and have a keyboard. It's actually not that bad to write from.
VR innovation is only getting better, so I suggest waiting if you're not autistic about new cool tech. VR caused me to get hard whenever I see cgi.

[Anonymous No.52680257]

>>52676867
(you)
>>52676931
n-neets don't "work"

[Anonymous No.52680349]

>>52680069 (Thanks) (You)

>>52680163
I'm enthusiastic about the future of VR, but I don't feel like being an alpha tester or buying subisidized CIA headsets. Sort of confident I will own a VR headset in the next 10 years though, but I have my doubts I'll be using it often. Computers just works anyways.

>>52680257
I *finger in nose* work very *cookie munch* hard every day *soda sip*

[Anonymous No.52680363]

>>52680349
Being an anime girl in vr is a cool feeling.
To be clear I am very straight.

[Anonymous No.52681251]

>>52666867
CEX faggot, non custodial wallets are based.

[Anonymous No.52681260]

>>52681251
Post favorite wallet

[Anonymous No.52681451]

>>52666867
>>52674840
>>52675117
>>52676056
>>52676847
>>52679966
>>52679919
>>52680257
Huuuuunnnaaagghhhnnn
Oooohh GAWD
These Anime girls again! I told you bros.. Oh man

I'm not Kevin, Btw

[Anonymous No.52681479]

>>52681451

[Anonymous No.52681840]

10 euro party tonight!

[Anonymous No.52681855]

>>52681840
Who's invited?

[Anonymous No.52681884]

https://rekt.news/euro-last-stand/
basedo

[Anonymous No.52681917]

>>52681884
ECB is right

[Anonymous No.52681944]

>>52681917
seek help.
Being a full-time contrarian doesn't suit the neet lifestyle.

[Anonymous No.52681963]

The ECB is encouraging selling the bottom so I can buy for this same price in 2023. Very thankful.
It does however not look good for the future of european banking when they tweet things like that.

[Anonymous No.52681965]

>experts already talk about solutions such as having two different Euros for northern and southern countries
oh my god lmao

[Anonymous No.52682017]

>>52681965
What I don't understand and please tell me I'm being retarded if I'm being retarded, why don't we just keep the euro as the liquidity provider, but allow countries to use their own currency? Exchange to and from euro and local currency must be widely available and easy to do so it doesn't annoy people, but wouldn't this effectively allow people more control over their national currency while also allowing the euro to be used as a liquidity tool for international trade? Is this a bad idea?

[Anonymous No.52682054]

>>52682017
>please tell me I'm being retarded
anon I'm not very smart myself.

[Anonymous No.52682078]

>>52682054
Whats your plan for this >>52676284 >>52676373?

[Anonymous No.52682103]

>>52682078
I'd start by typing "best non eu countries" into google

[Anonymous No.52682163]

>>52681917
Fellow cryptocurrency enthusiasts, it's time to acknowledge that crypto has failed, bitcoin has failed in every possible way, it's unsuitable for transactions, it's proven not to be a store of value.
Even worse, only criminals like terrorists and drug dealers use crypto and bitcoin to launder money.
The ECB has to step in to protect us, partly from ourselves, imagine a cryptocurrency ecosystem, but without the rugs and the scams, fully protected by the government.

[Anonymous No.52682294]

>>52682078
I was joking I don't do that much tax evasion. If they really cared and wanted me to pay anything however, I would consider leaving. This country gave me nothing. Terrible internet, terrible people, terrible schooling, terrible jobs, absolutely no tomboys. Then I look around and people get money for nothing and chicks for free. The state of things is dare I say absurd.

[Anonymous No.52683827]

5 minutes in and I'm immediately getting emotional

[Anonymous No.52683855]

oh my god she just like me fr!!!

[Anonymous No.52684269]

This show is cute and funny and relatable and full of soul just what in the fuck was I watching previously that lacked all those things.

[Anonymous No.52684436]

>>52681260
Railway wallet with the big plus of privacy and anonymity function

[Anonymous No.52684455]

>>52679794
Based. Slowly becoming the new standard for security

[Anonymous No.52685011]

>>52682163
only endogenous radiation i know of is love >>52680257

[Anonymous No.52685084]

>>52685011
What shows are you watching