IRT

chuck_portis

Coffee's video on Binance was his weakest yet. There is a lot of nuance to the questions CZ is being asked. For example, CNBC asked why a Big Four accounting firm hasn't audited Binance. As if Binance could just call a Big 4 firm and get an audit. They don't want to touch Binance. Why? Because it's not worth the risk. It is incredibly difficult to audit a crypto firm, let alone a crypto firm the size of Binance. If Ernst and Young put a seal of approval on an audit, they would be liable if things went wrong. Why bother? There is no amount of money that is worth the potential liability to their firm. It's these types of *gotcha* questions that get repeated over and over that are actually just bullshit. Also the $2B question IRT FTX. By answering that question, CZ can negatively impact his firm's legal strategy. If they have $2B lying around in a savings account, it would be a lot easier for FTX to sue them and win. By admitting they just have the money lying around, it kills certain defense tactics. CZ and Binance DO NOT want to hand over $2B to the FTX estate. They are already being sued by the estate. They can't answer specific questions on the lawsuit. Including whether Binance can easily afford to pay them out.

st00giez

Is BIP-300 still a thing? What major improvements to the network are in the pipeline? Where are we IRT payment systems using layer-2 technologies at scale?

chuck_portis

Yes you really countered my point about splitting LUNA into two classes of tokens IRT the airdrop with your reply. Keep up the high quality posts Chullo

tdtran210

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