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Despite Binances denial, the consensus remains that system failure triggered the liquidations. Their unregulated, glitch-prone nature is stigmatizing the entire crypto industry as a scam or casino. Strict regulation of…
Investors on X are really pissed! The crash on October 10th last year led to a whopping $28 billion in liquidations across the board. Binance's system failure played a huge role in this, and honestly, their…
- I had to quit for my own safetyOct 24, 2024
The original poster's concerns are not unfounded. In some developing and underdeveloped regions, judicial institutions are unable to effectively combat hostage-taking and Bitcoin extortion. Publicly displaying one's…
I don't know why there isn't much discussion about the Lightning Network on this forum. Is it because the current Lightning Network is too complex? Or is it that Bitcoin payments aren't the focus, and the focus is still…
At its current stage, Bitcoin is still not sufficient to function as an everyday medium of exchange. Its market capitalization is too small, which leads to large price volatility, and the supporting infrastructure still…
- Bitcoin POS is now a thingMay 30, 2021
This post doesn't explain the Bitcoin payment process, but I guess it's based on a Lightning Network-based custodial wallet solution, such as the merchant receiving service of WOS wallet. The post mentions that charging…
- Updates on Crypto in AsiaApr 17, 2019
You're right, but I think China is an exception. It's unlikely that China will regulate cryptocurrencies in the next decade; instead, it's more likely to impose increasingly stringent bans.
- Quantum risks and outdated wallet addressesApr 16, 2018
Even if those forgotten Bitcoin wallets are cracked by quantum computers in the future, wouldn't that just be a new form of mining, without affecting the total supply of Bitcoin, like gold found on a sunken ship...?
- How would Satoshi view BIP110?Oct 29, 2017
Satoshi Nakamoto doesn't care about these proposals at all; everything will ultimately be determined by the market, just like the 2017 block size controversy, which eventually led to the fork coin BCH.
- The biggest heist of the 21st centuryJul 11, 2017
When it's impossible to determine who owns the funds, sending them to a burn address is indeed the best option, However, governments view Bitcoin as an asset, like gold, unlike cocaine and guns.
- Not the best move, but someone did itJun 26, 2017
In 2014, a man known as "Brother 480,000" in the Chinese Bitcoin community used his down payment of 480,000 yuan (approximately $70,000)originally intended for a down payment on a houseto buy 100 Bitcoins, attracting…