repomies68

Why is it scary using Brex? In the end they are just providing credit, so the risk is on them.

So, this is good for Bitcoin.

Great thing that Balaji cashed out nicely also before he left coinbase. It is great that we can see so clearly in action that stupidity is sometimes rewarded with nice paycheck.

People, keep being stupid and confident. Sometimes it pays tremendously off.

How do you define controlled? It seems one exec left because he had enough money, maybe others left for similar reasons.

What's the incentive of lying that the hack didn't happen and he still had the funds? Just shame? I don't think it is very sensible to lie at that point. You will just get caught later and it will be more painful.

I think you can find good freelancers everywhere... And also bad ones. Whether upwork is good or not depends on your viewpoint. I think it is just a marketplace like everything else. I personally believe bigger value lies in longer relationships, therefore places like upwork should be just a place to get started.

The exchanges don't collect taxes. Tax office probably requested information from the exchange and the exchange complied, and the tax office calculated the total amount withdrawn as taxable. The idea that an exchange would be calculating taxes is ridiculous.

Well, don't know for these stablecoins but to me the "normal crypto" meaning bitcoin is very easy to understand and use. It is like commodity nowadays - it is up to the user whether to use it for scetchy things or for normal things.

Well I don't know why you would trust anyone in the crypto world not to be biased towards their own project. I think Vitalik is shilling Ethereum pretty regularly while dissing other projects.

The market has ridiculous demand really, at times. But it highly depends on timing, location etc. And also resilience. If you run the exchange for long enough time, you will collect customers who will be coming back.

Well if 7000 stolen from hot wallet is something like 2% of assets and rest is in cold storage, then the risk is manageable. However I agree that 7000 BTC is a lot even if you are running a huge exchange.

In this case customers in the end won't lose money, as binance can cover the loss from their own assets. And similar has been happened with most hacks in the past - as only hot wallet is emptied, the cost is manageable.

Though IMO 7000btc is too much for hot wallet in any case...

Well the thief didn't touch any other cryptocurrencies that were on binance. What do you think is more valuable, a currency that thief wants a lot or one that they don't want?

Yeah just start a competitor, the licensing alone is something like 3 million... There's very little competition in the space and I guess there are reasons for that.

Full reserves aren't required to maintain the peg, fractional reserves can work as well. However with fractional reserves there is a risk that the backer might lose money.