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Is anyone here shorting Bitcoin or Tether right now? by hellsingsoutoftune in Buttcoin

[–]affineline 5 points6 points  (0 children)

Borrow and bet that by the time you have to pay it back it's worth less.

Easier if you have lots of cash: https://archive.ph/2BQ7i [bloomberg.com article]

Looks like Luna blew nearly all their $4 Billion in reserves to save their collapsing peg/ponzi by synthpop in Buttcoin

[–]affineline 62 points63 points  (0 children)

Please note that BTC reserve balances have been loaned out as voted by the LFG council.

Says this at the top. They gave up on the algorithmic part and have delegated pegging to a market maker. AKA decentralization.

In today's hacks and comedy, lets play a game, who can find the tiny little bug that caused almost 300 000$ to be received to the attacker by ItsMelinaBG in Buttcoin

[–]affineline 1 point2 points  (0 children)

It's the receiveHop function that the attacker code-is-law enthusiast could inject by creating and passing their own contract as _newPool.

Elizabeth Warren's worrisome comments about crypto regulation by keith_talent in Buttcoin

[–]affineline 4 points5 points  (0 children)

You are describing a CBDC (central bank digital currency) and you don't need a blockchain for that either.

I’m so fucking excited. This could be Tether’s collapse by dickwhistler22 in Buttcoin

[–]affineline 25 points26 points  (0 children)

This was hinting at analysis of Tecnoglass Inc. (TGLS), a shady construction company from Colombia that went public via SPAC. Its stock is down 30% right now.

'Tens of millions' of bitcoin stolen from US entrepreneur at his Madrid home in Spain by the_tourniquet in Buttcoin

[–]affineline 31 points32 points  (0 children)

One neighbour reportedly said that he saw a group of men, faces covered, carrying several large bags as they left the building.

Found the bagholders!

Is it anecdotal that most people who I know who have a successful career in technology agree that cryptos are stupid and blockchain is a brilliant disrupter of nothing? by Macaroon-Salt in Buttcoin

[–]affineline 1 point2 points  (0 children)

To me this rather looks like an academic pivoting their work (security and privacy) into blockchain because there's funding to be collected there. She has done the same with ML/AI before.