FTX

8bitb4rt

FTX has the best fee structure imo.

SimbaNala2

Some rumors of FTX trying to get into the stock market. Wouldn’t be surprised if FTX buys their platform and absorb some of the user base

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

cecil_X

Is someone using Blockfolio (FTX) to track the price of the Moons? It always shows a wrong price to me :\\

BestDogeGrafy32

I believe that they will be compensated by being made a major part of the Central Bank Digital Currency rollout in the US. A subsidiary of the ~~behemoth~~ end of level boss, that is FTX.

CointestAdmin

#USDC Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [30.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og2jo1/comment/hewg10a/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 31.03.2021 > > # Intro > > USD Coin (USDC) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDC is currently the second largest stablecoin. ^(\[1\], \[2\], \[3\]) > > # Pros > > **It’s backed mostly by cash and cash equivalents** > > It must be admitted that Tether has improved its reserves a lot since their first report and their latest breakdown looks much better as USDT is now backed by cash and cash equivalents in around 85%, but USDC is still ahead as its **reserves are backed by cash and cash equivalents in 92%**. There are also many more questions in regards to the credibility of Tether’s reports. ^(\[4\], \[5\]) And USDC may soon leave Tether far behind as Circle, the company that issues and backs USDC, stated that it wants the reserves to consist only of cash, cash equivalents and U.S. Treasury bonds in the near future. ^(\[6\]) > > What the stablecoin reserves consist of is extremely important for liquidity. If a lot of people decided to cash out at the same time and there was no liquidity it could end in a disaster for the whole market. > > ​ > > **It’s partnered with Coinbase, Visa and others** > > Circle has partnered with Coinbase and together they founded a consortium named Centre that governs USDC. Circle has also partnered with banking institutions, including Signature Bank and Visa. The companies that invested in Circle include **Goldman Sachs**, Digital Currency Group (**Grayscale** Investments), **Fidelity** and **FTX**. > > It is also worth mentioning that Circle wants to follow in the footsteps of their partners (Coinbase) and also become a publicly traded company, which would add even more credibility to USDC. ^(\[7\]) > > ​ > > **It’s transparent** > > USDC is transparent in terms of its financial operations. It follows the US laws closely. It is also **audited by Grant Thornton, LLP every month** and monthly reports can be found on the [Centre Consortium’s website](https://www.centre.io/usdc-transparency). The reports, of course, include information on USDC reserves. > > ​ > > **It’s growing rapidly** > > At the beginning of the year, USDT had a 5 times bigger market cap than USDC ($20B vs. $4B). In March2021, this difference is much smaller and USDC has almsot 2/3 of the USDT's amrket cap. One can argue that this difference is still significant but be aware that **between April 2021 and April 2022 market cap of USDC grew by 400% while Tether’s market cap grew by 100%.** > > Also, while USDT’s daily volume decreased, USDC’s volume is on a rise. > > ​ > > **Coinsmart replaces Tether with USDC** > > On September 15, 2021, Coinsmart, Canadian cryptocurrency exchange, delisted USDT and adopted USDC instead ^(\[8\]). As regulators take a closer look at stablecoins, this trend might continue and **more entities might drop Tether in favor of a more transparent stablecoins.** > > ​ > > **USDC is centralized. But is it so bad in the case of a stablecoin?** > > Those who criticize USDC and other centralized stablecoins often give the example of DAI which in their opinion is decentralized. There is no question about USDC being dependent on Centre, but it must be said that DAI, on the other hand, is heavily dependent on USDC - more than half of DAI is generated by USDC collateral and collateralizetion against Centre’s stablecoin is more than 25%. ^(\[10\]) > > Decentralization is essential for cryptocurrency. But so is replacing fiat. So, is decentralization that important in the case of a stablecoin anyway? > > \_\_\_\_\_\_\_\_\_\_\_ > > **^(Sources:)** > > ^(\[1\]) [^(https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf)](https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf) > > ^(\[2\]) [^(https://en.wikipedia.org/wiki/USD\\Coin)](https://en.wikipedia.org/wiki/USD\Coin) > > ^(\[3\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[4\]) [^(https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en)](https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en) > > ^(\[5\]) [^(https://tether.to/wp-content/uploads/2021/08/tether\\assuranceconsolidated\_reserves\_report\_2021-06-30.pdf)](https://tether.to/wp-content/uploads/2021/08/tether\assuranceconsolidated_reserves_report_2021-06-30.pdf) > > ^(\[6\]) [^(https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html)](https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html) > > ^(\[7\]) [^(https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/)](https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/) > > ^(\[8\]) [^(https://nitter.net/CoinSmart/status/1433472681626722309)](https://twitter.com/CoinSmart/status/1433472681626722309) > > ^(\[9\]) [^(https://www.coinsmart.com/blog/what-is-usdc/)](https://www.coinsmart.com/blog/what-is-usdc/) > > ^(\[10\]) [^(https://daistats.com/#/)](https://daistats.com/#/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

CointestAdmin

#USDC Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [30.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og2jo1/comment/hewg10a/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 31.03.2021 > > # Intro > > USD Coin (USDC) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDC is currently the second largest stablecoin. ^(\[1\], \[2\], \[3\]) > > # Pros > > **It’s backed mostly by cash and cash equivalents** > > It must be admitted that Tether has improved its reserves a lot since their first report and their latest breakdown looks much better as USDT is now backed by cash and cash equivalents in around 85%, but USDC is still ahead as its **reserves are backed by cash and cash equivalents in 92%**. There are also many more questions in regards to the credibility of Tether’s reports. ^(\[4\], \[5\]) And USDC may soon leave Tether far behind as Circle, the company that issues and backs USDC, stated that it wants the reserves to consist only of cash, cash equivalents and U.S. Treasury bonds in the near future. ^(\[6\]) > > What the stablecoin reserves consist of is extremely important for liquidity. If a lot of people decided to cash out at the same time and there was no liquidity it could end in a disaster for the whole market. > > ​ > > **It’s partnered with Coinbase, Visa and others** > > Circle has partnered with Coinbase and together they founded a consortium named Centre that governs USDC. Circle has also partnered with banking institutions, including Signature Bank and Visa. The companies that invested in Circle include **Goldman Sachs**, Digital Currency Group (**Grayscale** Investments), **Fidelity** and **FTX**. > > It is also worth mentioning that Circle wants to follow in the footsteps of their partners (Coinbase) and also become a publicly traded company, which would add even more credibility to USDC. ^(\[7\]) > > ​ > > **It’s transparent** > > USDC is transparent in terms of its financial operations. It follows the US laws closely. It is also **audited by Grant Thornton, LLP every month** and monthly reports can be found on the [Centre Consortium’s website](https://www.centre.io/usdc-transparency). The reports, of course, include information on USDC reserves. > > ​ > > **It’s growing rapidly** > > At the beginning of the year, USDT had a 5 times bigger market cap than USDC ($20B vs. $4B). In March2021, this difference is much smaller and USDC has almsot 2/3 of the USDT's amrket cap. One can argue that this difference is still significant but be aware that **between April 2021 and April 2022 market cap of USDC grew by 400% while Tether’s market cap grew by 100%.** > > Also, while USDT’s daily volume decreased, USDC’s volume is on a rise. > > ​ > > **Coinsmart replaces Tether with USDC** > > On September 15, 2021, Coinsmart, Canadian cryptocurrency exchange, delisted USDT and adopted USDC instead ^(\[8\]). As regulators take a closer look at stablecoins, this trend might continue and **more entities might drop Tether in favor of a more transparent stablecoins.** > > ​ > > **USDC is centralized. But is it so bad in the case of a stablecoin?** > > Those who criticize USDC and other centralized stablecoins often give the example of DAI which in their opinion is decentralized. There is no question about USDC being dependent on Centre, but it must be said that DAI, on the other hand, is heavily dependent on USDC - more than half of DAI is generated by USDC collateral and collateralizetion against Centre’s stablecoin is more than 25%. ^(\[10\]) > > Decentralization is essential for cryptocurrency. But so is replacing fiat. So, is decentralization that important in the case of a stablecoin anyway? > > \_\_\_\_\_\_\_\_\_\_\_ > > **^(Sources:)** > > ^(\[1\]) [^(https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf)](https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf) > > ^(\[2\]) [^(https://en.wikipedia.org/wiki/USD\\Coin)](https://en.wikipedia.org/wiki/USD\Coin) > > ^(\[3\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[4\]) [^(https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en)](https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en) > > ^(\[5\]) [^(https://tether.to/wp-content/uploads/2021/08/tether\\assuranceconsolidated\_reserves\_report\_2021-06-30.pdf)](https://tether.to/wp-content/uploads/2021/08/tether\assuranceconsolidated_reserves_report_2021-06-30.pdf) > > ^(\[6\]) [^(https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html)](https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html) > > ^(\[7\]) [^(https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/)](https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/) > > ^(\[8\]) [^(https://nitter.net/CoinSmart/status/1433472681626722309)](https://twitter.com/CoinSmart/status/1433472681626722309) > > ^(\[9\]) [^(https://www.coinsmart.com/blog/what-is-usdc/)](https://www.coinsmart.com/blog/what-is-usdc/) > > ^(\[10\]) [^(https://daistats.com/#/)](https://daistats.com/#/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

incubus4282

> According to a new report by CNBC, FTX won the auction to purchase Voyager after placing a **$1.42 billion** bid, though the digital asset exchange will pay **just $51 million in cash** for the assets, intellectual property and user base of the crypto lending platform.

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

DontMuchTooThink

>Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network. Well, not quite. He said things but Musk ghosted him according to the texts revelead during discovery.

steamyp

I can say staking stables on FTX is working ok so far. i'm not gaining much but I'm not losing anything either.

dirtyhandsome

Never even heard of wirex. Why did you not use an exchange that is well known and reputable? Binance, Kraken, FTX, Gemini, Coinbase come to mind. How popular is Wirex where you are from?

szaszandra

I’m in Europe and FTX has tokenised stocks. Here’s how it looks like: https://imgur.com/a/WFyPv2Z

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

emanresubmud

Blockfi, Binance, Kraken, probably FTX and Coinbase

TheGuinnessGuzzler

Interesting I use it and didn’t download regular FTX but apparently it is the US one as there is quite a limited selection of coins.

Walternotwalter

SBF, Alameda, and FTX are a cancerous mole across all crypto. Solana is just the ugliest dark spot in the melanoma.

Weirdcrypto

SBF and FTX are literally carrying this ckin into the top 10. It has nothing to do with Solana's netowrk quality or features. SOL wasnt even that popular before FTX jumped into the picture. In the crypto space success comes mainly as a result of solid marketing and backing campaign.

rjm101

> "FTX does not allow residents of the United States of America to trade on its platform." [Kinda confusing right](https://help.ftx.com/hc/en-us/articles/360056976411-Jurisdiction-regulations-licensing-and-practices#:~:text=United%20States%3A,the%20United%20States%20of%20America.) as if looks like there's FTX US so I don't know what they're doing or whether if the products are the same as the main platform.

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

TheGuinnessGuzzler

Wait what? FTX is definitely available in the US

rjm101

The type I'm thinking of is tokens issued directly by the company. 1 token being 1 share in the business rather than be some type of derivative which is what I'm guessing FTX stock tokens are. It's also worth noting that FTX is not available in the uS>

coinfeeds-bot

tldr; Crypto exchange giant FTX is reportedly acquiring troubled crypto broker Voyager Digital at a discounted price after placing a bid to acquire the firm earlier this week. FTX, headed by billionaire CEO Sam Bankman-Fried, beat out Binance, the world's largest crypto exchange platform by volume, in a bidding war to scoop up the bankrupt crypto firm. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

dildan101

Did anyone get a notification about LRC being above $1 from FTX???

OkSiriGoogleSucks

FTX has a bunch of them right? I think it should be on the lookout

Schwoanz

Binance, FTX, Kraken, Coinbase. I don‘t trust Crypto.com anymore.

Beyonderr

I only trust Binance. They are huge and doing very well financially. Also not overspending on ads like Coinbase and FTX.

Beyonderr

I think this institutional manipulation is already happening for quite some time, ever since futures trading was a thing and particularly futures ETFs. FTX and Binance are doing this a lot too.

futurenotion

If you’re using FTX or any other CEX, take your crypto out of there and put it in your cold wallet or hot wallet - but preferably cold wallet

Beyonderr

Sam Bankman-Fried still going for the monopoly strategy of buying everything that his dice throws land him on. Its working for him. But just how much SBF / FTX own is scary. How did he buy something for 51 million though if Voyager is "valued at about $1.3 billion"

Yoshie5

FTX getting too big in my opinion.

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Leverage_Trading

That seem to be play here as long as FTX , Binance and others dont go bankrupt

igadjeed

The risk is that the arrangements between Celsius, FTX, the liquidator and regulators are secret, until after your funds have been seized. Why ask questions which have secret answers? It's easy to withdraw to a personal wallet

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

The-cows-havecats

This was in the email sent by voyager just fyi: What is FTX US’s bid? This bid, valued at approximately $1.422 billion, is comprised of (i) the fair market value of all Voyager cryptocurrency at a to-be-determined date in the future, which at current market prices is estimated to be $1.311 billion, plus (ii) additional consideration which is estimated as providing approximately $111 million of incremental value.

DingDongWhoDis

Brace for incoming excuses. VCs and FTX gunna just double down.

deedopete

If it weren’t for FTX I don’t think it would be too 10 — SBF might move into something else to push

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

coinfeeds-bot

tldr; FTX has won a "highly competitive auction" for Voyager Digital's assets. The crypto exchange bid a total of $1.42 billion for the bankrupt lender's crypto holdings. Customers will be able to trade and store cryptocurrency on FTX once the Chapter 11 case has concluded. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

mackovec3a

It's ETH on Arbitrum NOVA. You can get it on FTX, use [novafaucet.com](https://novafaucet.com) (if it has any free) or you can bridge ETH to Arbitrum Nova.

BangerPatrol

Why would FTX want voyager? What’s the benefit for them to spend over a billion for it?

crimson-regret420

I never tried it but I guess FTX also have copy trading options. I think FTX is more trustworthy than those you listed

coinfeeds-bot

tldr; FTX CEO Sam Bankman-Fried believes innovation in the use of blockchain technology could lead to a stronger cryptocurrency market in the coming years. He also believes regulatory clarity will bring in a tidal wave of capital from institutional investors. "Regulatory clarity I think is coming in this space. I think that's going to be huge," he added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Brett Harrison, President of the US subsidiary of major cryptocurrency exchange FTX, is stepping down from his leadership position but will continue to act as an advisor for the company. Harrison's resignation comes on the heels of reports that FTX won the auction to acquire Voyager's digital assets valued at over $1 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Gitanochild

I got some too. But still don’t have FTX Pay in Reddit app. Perhaps this function isn’t online yet?? Everything I read seems to point to it being available by now.

BlazingHotFireFox

Thanks for all the ideas FTX accuqiring voyagers assets is big news for sure.

GoldenRain99

Of course! I would also recommend covering the FTX acquisition of Voyager's assets, and good ole' Mashitstain stepping down from being CEO of Celsius.

KateR_H0l1day

Voyager bought by FTX so unlikely Celsius will now, 2 companies that were touted as the go to place when CDC started cutting the crypto cards rewards. It can be a cruel world, especially when you’re chasing that extra percentage point for rewards.

Fresh-Chemical-9084

Lol I definitely read ‘FTX President is replacing US President’ … and I wasn’t surprised with how much he’s already taken over

neen209

Look up how FTX manipulated ICPs price on launch, and you’ll get your answer

generiatricx

I'm in the US. I used [koinly.io](https://koinly.io). they have interfaces and it's kind of a pain to setup; but i was able to offset some of the exorbitant gains that FTX Reported (but they were WRONG\_) with losses elsewhere. this spits out a report and it's essentially just reporting profits and losses.

madosch

F my recent comment has been deleted. Here you go: Go to the avatar trading sub (just search for it, can't link) and there's a Tutorial to sell your NFT. You'll need gas fees (ETH on Arbitrum Nova). 1) ETH on Binance can be sent via Arbitrum One network to your wallet. You can then bridge it to Arbitrum One using Orbiter (cheapest solution). 2) Buy directly on FTX 3) Try the Arbitrum Nova Faucet (google) but it was dry yesterday

SlyckCypherX

For all the sh— they take. Crypto.com is pretty good. If crypto.com, FTX and Coinbase can’t onboard all the newbies the next 5-10 years then crypto is doomed. Mainstreamers are not using the sketch sites for trading.

Beyonderr

* Kraken CEO stepped down * Celsius CEO stepped down * FTX (US) President stepped down * Alameda (co-)CEO stepped down * Microstrategy CEO stepped down * G2 CEO stepped down Why are so many CEOs stepping down?

SkeeterBeaver

PaxG thru FTX is the way to go. 8% interest in PAXG. Trade 1 PAXG for 1 ounce of gold when you hit 1 coin. Federally recognized as a bank, can’t beat it.

CointestAdmin

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

coinfeeds-bot

tldr; Brett Harrison, the U.S. president of crypto exchange FTX, announced his resignation on Tuesday. Harrison said he will be moving into an advisory role at the company and said he plans to remain in the industry. Harrison joined FTX in May 2021 after spending close to two years at Citadel Securities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

SteelTheWolf

I take this as a very positive development for those with funds stuck on Celsius. There have been a number of buyout opportunities from other companies that would have held put some form of lifeline to Celsius users, but Machinsky rebuffed them all out of ego. The hole he dug the company into; taking over trading strategy and cranking up the risk; was out of ego. Now, with his ego out of the way, it's more likely that a buyout deal may go through. Sam Bankman-Fried has already signaled serious interest in buying out the platform and FTX has the cash on hand to do it. The biggest roadblock was Mashinsky's god complex. With that put of the way, I'd say possible resolutions just became far more favorable to retail users of the platform.

ReitHodlr

TLDR: FTX's President stepping down from position.

ReitHodlr

TLDR: FTX's President stepping down from position.

Lillica_Golden_SHIB

FTX dealings are shady as fuck, 1.4b seems like a bargain

Roy_Playz

Looks like both the CEO of Voyager and Celsius resigned today. I wonder if that means there’s a chance Celsius will get bought out by FTX. Either way fuck them both. Hope they rot in jail together.

_GoodMorningEveryone

[FTX President Brett Harrison to step down](https://twitter.com/brett_ftx/status/1574782901748727809?s=46&t=_wpZ-lr6psdduvCqkceI6g)

coinfeeds-bot

tldr; FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid valued at approximately $1.4 billion. Voyager entered into a chapter 11 bankruptcy on July 5th, sometimes called a “reorganization” bankruptcy, it allows a firm to retain control of its assets and continue operating. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; FTX US has won the bid to buy out Voyager Digital, a crypto investment firm that filed for Chapter 11 bankruptcy in July. Voyager accepted FTX's $1.4 billion bid to be bought out, beating out Binance and Wave Financial in a race to buy the bankrupted firm. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Ateam043

Good thing I was not a Voyager customer or FTX user. Tried FTX for a week. I hated it’s clunky UI.

realavafoxx

at this point I actually wouldn’t mind if FTX takes over and offers a staking event for customers who don’t immediately take their crypto off the platform (or sell). I’d be okay with leaving it there and possibly adding more $$$ if that were the case** ** see me willfully not learning my lesson.

anonymouscitizen2

With the news of FTX buying Voyager I’m going to share with you what SBF just did. Sam Bankman borrowed 52,000 BTC in tranches from Voyager from March 2-June 12, during the Luna Collapse and shorted it all along the way. He hasn’t paid back that 52K BTC and is now buying the company. Seems strange doesn’t it? Borrows a ton of BTC just before a major collapse and has enough cash on hand to buy the bankrupt companies resulting from the crash he helped produce? He started borrowing on March 2, last was June 12. ~ average price of 37K. Making ~1.9B on the trade, just enough for the company! He took your Bitcoin, blew up the market and multiple companies and used the profit to buy the company back and return to you a fraction of what you had in dollars, erasing his BTC denominated debt. This is why you do not give your crypto to these companies. This is what will happen every single time and they’ll get away with it as we have seen.

___DarthJarJar

FTX monopoly

coinfeeds-bot

tldr; FTX, founded by billionaire Sam Bankman-Fried, is set to take on the assets of cryptocurrency lender Voyager Digital after winning a bankruptcy auction. FTX's U.S. subsidiary was selected as the highest bidder for Voyager's assets, valued at roughly $1.4 billion. Voyager declared Chapter 11 bankruptcy in July after a tumultuous drop in digital currency prices. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

HANDSOMEHISOKA

FTX gobbling up everything lmao

aconfederacyofghosts

Stay away until you confirm this is legit. When I see ads online, I always assume they're there to steal from all of us. If you can just use Binance, FTX, Kraken, Coinbase, [Crypto.com](https://Crypto.com), and other reputable exchanges for now, just use those.

DBRiMatt

Wonder if FTX Token can outperform BNB from this point on.

coinfeeds-bot

tldr; Crypto exchange FTX has won an auction for the assets of bankrupt crypto lender Voyager Digital in a bid valued at about $1.42 billion. FTX's bid comprises of a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is estimated to be $1,31 billion at current market prices, and an additional consideration estimated as providing about $111 million of incremental value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

riddled_with_errors

FTX really gonna be a beast once the bullrun comes back.