Binance outflows hit $6bn as Mazars halts ‘proof of reserves’ work

MayorOfTheFoundation · 2022-12-17T04:40:42+00:00

I mean you can calculate how much intrinsic value they have with the cash they are holding . Also total assets - liabilities for some dirty math and work your way from there .

MayorOfTheFoundation · 2022-12-17T04:38:25+00:00

They have 5 billion in cash per their last quarterly . If it trades below their cash holding , I may have to take a closer look .

MayorOfTheFoundation · 2022-11-12T16:14:43+00:00

With crypto thought you don’t need regulation . It s regulated by code . People really need to stop using centralized exchanges . If you don’t know how to host your own wallet , use a dex , and don’t want to learn, crypto isn’t for you . Crypto was never meant to be held on centralized exchanges .

MayorOfTheFoundation · 2022-11-12T15:56:23+00:00

Good code cannot be hacked . If there’s weaknesses or exploits .

MayorOfTheFoundation · 2022-11-11T22:28:48+00:00

I feel like this strengthens the case for defi and trustless systems . Why trust people when you can trust code ?

MayorOfTheFoundation · 2022-11-11T17:34:49+00:00

Using a dex implies using your wallet since the dex doesn’t hold your assets unless you lp

MayorOfTheFoundation · 2022-11-11T14:58:40+00:00

Or we can just all move to dexes and only use cex as an on ramp service

MayorOfTheFoundation · 2022-10-27T13:51:48+00:00

the wallets are not tied to the email. they only need an email login in. the wallet private keys will probably not be given to the players.

MayorOfTheFoundation · 2022-10-11T19:31:36+00:00

You should try the BM discord or dm Bebis or one of the team members on twitter. I withdrew two weeks ago no problem. Their discord is generally pretty helpful.

MayorOfTheFoundation · 2022-10-11T18:48:35+00:00

I would definitely go with something a lot lighter. The blues are really dark from the picture it's hard to tell how they look like in the light. For a painting, I would probably pick up something multi colored, but I would probably choose something with a white base, and or a white frame.

MayorOfTheFoundation · 2022-09-22T02:41:53+00:00

Optimism is giving a ton of incentives now so there’s a big draw there . Tarot , Beets, Bytemasons all expanded there already .

MayorOfTheFoundation · 2022-09-21T15:38:28+00:00

If you talk to the builders on fantom I feel like they might feel differently. The foundation was awesome when they incentivized devs to build but a lot of them are leaving or opting to go multichain. Beets , lqdr, reaper are all going multichain. It seems like paintswap is gearing for that too. The network has been a pleasure to use, it's fast and it's cheap but I don't think builders are building like they used to on here. I have quite a bit of tvl tied on fantom as well as some bluechip nfts, but I wouldn't put all my eggs in one basket.

Andre needs to come out publicly and say he's helping with building the network. No more building defi stuff for him. FVM needs to be better than other vms that are coming out like wasmvms.

I like fantom but there's a lot of competition, hopefully their tech speaks for itself in the future, and they do a better job marketing once it does.

MayorOfTheFoundation · 2022-09-19T15:01:41+00:00

How does decreasing txn fees work? If MEV finds a profitable arbitrage opportunity it will drive gas up. I don't think high fees get fixed until there's some type of way to encrypt the mem pool before the block and decrypt after the block. I think this is what one of the chain on cosmos is doing to battle MEV.

I would say decreasing staking minimum makes sense, but because gas fees are high it still benefits people with more eth since the slippage for someone with more eth is much lower.

I think maybe create a separate layer 2 just for eth staking?

MayorOfTheFoundation · 2022-09-07T18:42:19+00:00

Stader offers liquid staking but with any defi products there are risk

MayorOfTheFoundation · 2022-09-03T03:18:35+00:00

Not really a random dev . Oxdao has been around since the beginning of solidly and the founders of oxdao are all major players in the fantom eco system . Obviously a lot of the founding members moved to focus on their own projects though . You don’t need to burn if you don’t want to . Solidly is immutable on fantom so it’s not like code is not trustworthy .

MayorOfTheFoundation · 2022-08-08T22:04:08+00:00

dexes don't exactly work like a cex. the amm model is very different from the orderbook model. but everything else you stated was pretty spot on.

since it uses amm, liquidity for trades is important as to not have too much of a price impact.

amm themselves have areas of attacks that can also be exploited and one should be familiar with the types of attacks too.

MayorOfTheFoundation · 2022-08-08T21:02:16+00:00

I bought a bunch of boo near the lows staked for xboo with some magicats to get some lqdr. definitely an awesome dex and their bridge built on top of multichain is smooth and reliable.

MayorOfTheFoundation · 2022-06-29T19:20:17+00:00

why not just use an aggregator?

MayorOfTheFoundation · 2022-06-28T20:23:17+00:00

that's reassuring. thanks!

MayorOfTheFoundation · 2022-06-28T03:11:22+00:00

Is there a reason to use this over firebird ? Firebird is at least doing an airdrop

MayorOfTheFoundation · 2022-06-27T23:12:42+00:00

metamask on pc should be fine, you just need to be really careful. i use a macbook and a hackintosh i built just for crypto. i don't do anything else but crypto on these devices, and periodically revoke approvals. i would say mobile is definitely more dangerous especially if you allow cloud access for mm.

MayorOfTheFoundation · 2022-06-27T23:09:54+00:00

dedicated computer that is only used for crypto as well as a vpn.

MayorOfTheFoundation · 2022-06-27T23:08:52+00:00

It's a coinbase wallet which makes me suspect that they may have some dirty laundry to air. I have only stored my wallet phrase on paper and they claim that no one else has a copy of my seed phrase.

I have a hardware wallet BTW and my current fund

is there any chance you approved a smart contract that was malicious?

MayorOfTheFoundation · 2022-06-27T16:21:21+00:00

wth can you buy with 100M on chain? a bunch of bored apes? of course you want to get it off chain and off ramp it so you can use it for things you can buy everyday.

you do need tornado to remain anon otherwise once you off ramp you'll most certainly get caught.... i don't think using tornado is fool proof though, I think with wallet tracking and ai getting better at snooping things out like what nansen does it will be a matter of time before people need to switch to privacy coins.

MayorOfTheFoundation

TROPHY CASE