Binance has a plan to save crypto—if it’s not too late

Crypto exchanges want to prove that the market can thrive after the FTX collapse.

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[Thad Boyd]

Few were prepared for the dramatic collapse of crypto exchange FTX on November 11.

I dunno about that. Not investing in an obvious pyramid scheme counts as preparation, right?

 

[Thad Boyd]

You save it by not modelling it after the ponzi scheme known as dollars. It all fell apart when the crypto exchanges copied wall street.

Wow, your first post in four years and that's what you went with, huh?

And your most recent post before that was :checks notes:

Poop from a butt.

Welp, at least you're consistent.

See you in 2026!

 

[Thad Boyd]

There was no pyramid scheme, i.e no promise of high returns if you deposited money on FTX.

Why do you believe people are hodling cryptocurrency in the first place, if not for the "promise of high returns"?

It's like your stock brokers used your money to buy meme stocks at the peak and lost everything.

It's like that, except my stock brokers didn't use my money to buy meme stocks at the peak and lose everything, because I invested in index funds through a reputable company, and not an obvious pyramid scheme.

 

[Thad Boyd]

So

Thank you for clearly labeling your strawman.

 

[Thad Boyd]

Loooooooooooool

Fuck yes! We’ve reached “crypto makes my video game assets work anywhere!” stage.

This is my favorite part.

just gonna leave this here

look what you made me do: a lot of people have asked me to make NFT games and I won’t because i’m not a fucking dumbass. now let me tell you why only a dumbass would get into NFT games.

 

[Thad Boyd]

Educate yourself, please.

I think his decision to educate himself, instead of seeking an education from people who know what the fuck they're talking about, is the entire problem.

 

[Thad Boyd]

the so called "pandemic"

 

[Thad Boyd]

And that has never happend before? I seem to remember some random female recently getting decades in prison for scamming investors.

 

[Thad Boyd]

Admittedly this is a subjective view shared only by anybody with any education whatsoever in economics or political science, but in my view this limits the value of a money system.

Slow down there, hoss; last time I talked to Kamus he was still trying to master the complex economic principle of "sometimes people spend money upfront and hope they make more money later."

 

[Thad Boyd]

if we were Goldbugs

Always liked him better as Bumblebee.

 

[Thad Boyd]

If a currency gains value over time it's deflation, which is very bad. This is why gold was dropped as a standard. And why crypto is a bad currency.

Oh, is this the part where he switches to "it's not a currency, it's an investment," and then when you point out it's a bad investment he says "it's not an investment, it's a currency"?

 

[Thad Boyd]

Over the past year - twelve months - Bitcoin has lost over 70% of its "value". Over five years, it has gained just 5.77%. That's not exponential growth. It's only exponential if you gloss over that little detail.

Say, how'd the Dow do during that same period?

...Down 3% from last year, up 42% over the past 5 years.

Huh. It's almost as if, if there were some investment that were a surefire way to beat the market, fucking everybody would be investing in it.

 

[Thad Boyd]

I see you play this game before.

 

[Thad Boyd]

Meanwhile Sinema has admitted she isn't a Democrat.

She's got an op/ed up on azcentral today titled "Why I'm registering as an independent".

I commented on it with "Because I can't win a Democratic primary." and hopefully I have the self-discipline to leave it at that and not spend all day in the comments there.

 

[Thad Boyd]

It was/is his day job!

Look, I absolutely agree with aspects of this (i spend my day job $ putting on performances outside of work) but Joss Whedon is one of the least appropriate examples one could pick of "amateurs" doing a "professional's" job

Though putting it together outside the studio system and distributing it himself were outside his wheelhouse, I'll give him that.

Of course, Felicia Day deserves a whole lot of the credit for that; she helped blaze the trail with The Guild and pretty much showed the Whedons how to do it with Dr. Horrible.

 

[Thad Boyd]

Tulsi does need a VP for her inevitable next run for office...

Does she, though?

 

[Thad Boyd]

My mom moved from Tucson, but my brother is still there. Let us hope the Democrats can find the right person for the seat.

Ruben Gallego has made it pretty clear he intends to run, and he's the likeliest nominee. Though by no means a foregone conclusion.

He's a lot farther left than a typical Arizona Democrat, but I like his odds in a three-way race against whatever lunatic the GOP comes up with and an independent who everybody hates. I'm seeing people wring their hands that Sinema could act as a spoiler, but given the caliber of candidates the AZ GOP's been producing, I think she'll pull more votes from the Republican than the Democrat.

(A plurality of Arizona voters are independent, but for my purposes the distinction between a Republican and an independent who usually votes Republican, or a Democrat and an independent who usually votes Democratic, is irrelevant.)

 

[Thad Boyd]

At this particular point in time the gap is shrinking when it comes to "indepentents" who still identify as such.

It is, but there are still more independents in Arizona than Democrats. The latest statistics show that independents and people registered under a third party combine to make up the same percentage of the electorate as Republicans, which is down from a few years ago when independents were a plurality of registered voters.

The choice these last few years has been between some deranged mad person aligned with fascism, conspiracy theories or fanatical puritanism standing against someone who is at the very least sane.

Anyone still in the "I'm not decided" camp is already someone bereft of sanity and common sense.

True independents are rare. Most independents have a preference of one of the major parties over the other, they just don't want to identify with that particular party for whatever reason.

(I switched my voter registration to independent for a few years out of disgust with the Holder DoJ when it dropped its investigation into Joe Arpaio, for example. I eventually switched back to Democratic so I could vote in presidential primaries -- Arizona's got this weird thing going on where independents can vote in party primaries except for president.)

That said, simple math tells us that a significant number of people who used to vote Republican have been voting Democratic in recent elections, and particularly in statewide races. Democrats didn't quite sweep the board this election -- they lost school superintendent and treasurer -- but they got governor, senator, SoS, and AG, which is an incredible showing for a midterm election in Arizona in a year where the president is an unpopular Democrat.

 

[Thad Boyd]

(ETA this was a response to a spambot post which appears to have been deleted.)

Thanks for sharing, totally real person!

 

[Thad Boyd]

Ordinarily I'd recommend against quoting the spambots, but just this once it might be useful in case the post gets deleted and then a third spambot shows up to make the same post verbatim.