Started By
Message

re: SEC sues Coinbase, one day after suing Binance

Posted on 6/7/23 at 8:31 am to
Posted by saint tiger225
San Diego
Member since Jan 2011
41337 posts
Posted on 6/7/23 at 8:31 am to
Posted by saint tiger225
San Diego
Member since Jan 2011
41337 posts
Posted on 6/7/23 at 8:32 am to
Posted by saint tiger225
San Diego
Member since Jan 2011
41337 posts
Posted on 6/7/23 at 8:37 am to
Posted by saint tiger225
San Diego
Member since Jan 2011
41337 posts
Posted on 6/7/23 at 8:38 am to
Posted by I Love Bama
Alabama
Member since Nov 2007
38307 posts
Posted on 6/7/23 at 8:41 am to
Yes, in theory, a hard fork could change the Bitcoin code to increase the total supply of coins. But, it's important to understand the fundamental ethos and consensus mechanisms that underpin Bitcoin's security and value proposition.

Firstly, Bitcoin was conceived and designed as digital gold – a decentralized, inflation-resistant asset with a hard cap of 21 million coins. This fundamental characteristic is deeply ingrained in the Bitcoin community and it is one of the primary reasons for Bitcoin's value and longevity. Changing this would fundamentally alter Bitcoin's identity.

Secondly, for such a change to take effect, a significant majority of the network's miners would need to support the hard fork. Given the economic incentives at play, it's highly unlikely that a majority of miners would support such a move. Changing the supply cap would undermine the scarcity that gives Bitcoin much of its value, potentially leading to a price collapse and a loss of faith in the system.

Finally, your Ethereum comparison is somewhat apples-to-oranges. Ethereum was designed with a different purpose in mind: it's a platform for smart contracts and decentralized applications, not a store of value. As such, it has a different monetary policy and a more flexible approach to hard forks.



Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/7/23 at 10:16 am to
Meanwhile, the market makers keep creating artificial/counterfeit/synthetic stock shares with impunity.

aka, naked shorting

Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/7/23 at 10:17 am to
quote:

Agree. What’s the SEC play here?


A cut of the loot.


Probably being instructed to help push for the Fed controlled digital currency. aka, total tyranny
Posted by UnluckyTiger
Member since Sep 2003
39357 posts
Posted on 6/7/23 at 10:43 am to
Absolutely that’s their play. They’re going to make Coinbase, binance, etc. tap out with regulation and then hand it all over to the big banks. We are all just pawns.
Posted by Yeti_Chaser
Member since Nov 2017
9798 posts
Posted on 6/9/23 at 7:01 am to
Got an email from binance this morning that they are removing USD deposits/withdrawal/trading pairs from their platform and will be a cryto-to-crypto only exchange
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47296 posts
Posted on 6/9/23 at 9:48 am to
Sounds like Binance.US already pulled the plug and disabled withdraws for their customers.

Hopefully everyone got their money off
first pageprev pagePage 3 of 3Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram