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Juan Williams
Other urls found in this thread:
etherscan.io
twitter.com
Austin Rivera
hodl mode de-activated
Elijah Barnes
Isn't Celsius basically a mid cap? It's pure fear mongering
Hunter Bennett
A centralized custodian sending 95mil BTC on ETHEREUM to save a bunch of ERC20 insolvency while conveniently crashing the market to make SBF rich. I have wonder why Bitcoin got invented in the first place
Gabriel Ward
oh baby here come da dumper
Connor Lewis
It's not the price of their token people are worried about. It's what happens when they start dumping billions to try to stay solvent
Luke Bennett
>FTX
Henry Murphy
That's nothing
daily BTC volume is like 28 billion
Zachary Jackson
Didn’t they learn from the Luna debacle, why burn more money trying to save a dying asset, keep what you have and use it as leverage in bankruptcy proceedings.
Carson Diaz
maxies dont like celsius because mashinsky was prosecuted by the jews but they keep mentioning chainlink gave custody of some of their treasury over to mashinsky but I dont understand why some literal who token out of the top twenty keeps getting mentioned lulz
Adrian Martin
spot price btc does not move markets. chad move is to print wBTC like Sam and manipulate the markets that way
Ryan Nelson
>still using centralised pieces of shit
Oliver Gutierrez
But how can it be printed ? It has to held in the reserve. Otherwise wBTC itself would be a fucking scam and the creators would be complete morons. Are you saying the creators of wBTC are complete morons ?
Jayden Bell
yes on both accounts. wait until the big boys comes to trade and all the wrapped derivative assets they will create to move the markets in their favor. you have not seen anything yet. no they will not hold BTC. yes they will use their real world reputation and connections to create wrapped shit to control crypto forever. this is the future sam and jack want.
Jonathan Mitchell
The irony is derivatives are the primary reason the global economic system is fucked in the first place and they want to shoe horn them into crypto.
Isaiah Perry
Can you provide a hint, that indicates, that the wBTC in circulation is not equivalent to the BTC in the wBTC reserve ? That data should get easily aggregated in real time. Why is noone of the Twitter TA faggots talking about it then ?
Austin Fisher
and the best part is that all of the major exchanges and figureheads in crypto now are happy to bend over and fuck retail and laugh about it because they dont realize the same thing is about to happen to them. they really think they will benefit from JPMorgan announcing trillions will pour into crypto kek. l
Evan Morales
etherscan.io
Btw if you think dumping 100m of any coin doesn't affect prices you're completely out of touch on how much volume is scalping bots
Grayson Thomas
>create wBTC
>manipulate
>destroy wBTC
it is that simple.
Nolan Hill
>95m
literally nothing.
Justin Flores
The problem is, that early investors have a lot of meat in CeFi, so they don't have any inclination to fix the problem, i.e. by completely abandon CeFi and Cexes. Ethereum fucked up the reputation of DeFi by demanding ridiculous gas fees. The limited practicable scalability of Ethereum was already noticed by the creator in 2016, that is why the team split up. Ethereum was just an experiment. It was just the first prototype. Ironically a jeet chain rescued Ethereum's reputation and made it competetive vs. the chink chain. Such a mess this market is in. Single actors, even banks with infinite money shouldn't have so much power, it is a systemic failure.
tldr if you are in it solely for the money and have no fucking clue about the tech, you are malevolent to the progress of crypto tech.
Brody Murphy
Creating wBTC should not be possible, unless it is backed by BTC in the reserve. Simple as. Otherwise it is a systemic error and the creators are idiots.
Jordan Cook
>implying ETH core care about tech
they care about MEV thats about it
Camden Sullivan
checked. wait until they audit the stables