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r/CryptoCurrencySee Post

How does this bear market feel compared to previous ones? How does capitulation feel?

r/CryptoCurrencySee Post

Does anyone trade btc on MT4? Would love to talk about charts with someone ! :)

r/BitcoinSee Post

Are the $1,700,000,000+ in crypto thefts from Poly Network, MT. GOX, KuCoin, Coincheck, BitGrail, and now FTX actually a good thing?

r/CryptoCurrencySee Post

AICI: 10/06/22 - The FED Will Pivot; MT GOX is Coming; What to hold RIGHT NOW?

r/CryptoCurrencySee Post

The Total All-Time Amount stolen by Crypto Hackers has a current value of 45.2 Billion USD. This would make the TOP 5 by Marketcap.

r/CryptoMoonShotsSee Post

Watch DLive and Earn $USDe | Doxxed Dev | PancakeSwap Live

r/CryptoCurrencySee Post

SatoshiFX - Trading Platform

r/CryptoMoonShotsSee Post

Watch twitch and earn usde | dox dev | presale on

r/CryptoMoonShotsSee Post

Presale has started | Watch twitch and earn USDe | Dox DEV

r/CryptoCurrencySee Post

How we Lost 60 Bitcoin in the MT. Gox Crash and how it made us $170k.

r/CryptoCurrencySee Post

How do you expect the markets to react to the Mt Gox Unlock?

r/CryptoCurrencySee Post

In a World where banks rule and create money out of thin air through fractional reserve banking, how will crypto currency play a role? What incentive do these banks have to get rid of the fiat system? I see a list of crypto currencies that will be pushed through the ISO 20022.

r/CryptoCurrencySee Post

Hello people I'm new here, I started a projects some months back on specialized MT4/5 Algo to help trade futures along the way I had a huge financial meltdown but I managed to complete and modify it, How do I get companies or private investors to invest in my project/business?

r/BitcoinSee Post

Mt Gox deal is set to happen at the end of August

r/CryptoCurrencySee Post

MT Gox deal causing a massive crash at the end of August.

r/CryptoCurrencySee Post

Which Centralized Stablecoin Should I Use?

r/BitcoinSee Post

Isn't it funny how the "MT Gox Coins will flood the market next week" news aged? Nobody speaks about it any more. Price goes upwards, lol.

r/BitcoinSee Post

MT.GOX Bitcoin Dump

r/CryptoCurrencySee Post

What do you think about BTC and the MT. Grox

r/CryptoCurrencySee Post

I can ask you MT5 this platform authenticity?

r/CryptoMoonShotsSee Post

ShinZoge | Abe & Willing To Preserve His Legacy | BSC | A fair launch project on July 9th 7-8PM MT | shinzoge.com & mirror shinzoa.be

r/BitcoinSee Post

Just ran into Roger Ver talking about MT. Gox, back in 2013

r/CryptoMoonShotsSee Post

MetaTope | Jerad Marantz | MT Skins | Metaverse Onboarding Platform | NFT | AR & VR |

r/CryptoCurrencySee Post

It was fun while it lasted (rant inside)

r/CryptoCurrencySee Post

iso20022 and the Five Cryptos that Comply

r/CryptoCurrencySee Post

Korean newspaper reports that Do Kwon requested police protection when someone rang his doorbell

r/CryptoCurrencySee Post

Crypto lots in MT4

r/CryptoCurrencySee Post

Conversation with Hut8 Mining

r/CryptoMoonShotsSee Post

Earn Bitcoin while holding $BTCE, Presale was finish in 20min , doxx team

r/CryptoMoonShotsSee Post

Earn Bitcoin while holding $BTCE, presale is today, doxx team

r/CryptoMoonShotsSee Post

Earn Bitcoin while holding $BTCE, presale is today, doxx team

r/CryptoMoonShotsSee Post

Earn Bitcoin while holding $BTCE | presale in 6 days | Join us now

r/BitcoinSee Post

Crypto Derivatives Platform Overbit Launches MetaTrader 5 (MT5) For Faster Crypto And Forex Trading

r/CryptoCurrencySee Post

MT5 and Huge Profit Global as Broker with CRAZY TAX STORY

r/CryptoCurrencySee Post

Regular reminder to get your crypto of exchanges

r/CryptoMarketsSee Post

Some of the best Metaverse-based crypto coins to keep an eye on ahead of the next trend cycle, which I believe will be in gaming and NFts.

r/CryptoCurrencySee Post

Crypto scammer or chronically obsessed?

r/CryptoCurrencySee Post

Bitfinex (SCAM WARNING) is randomly freezing out accounts for XMR deposits for months

r/CryptoCurrencySee Post

Hacked my auto fill on google ??

r/CryptoCurrencySee Post

Is this a scam?

r/CryptoCurrencySee Post

Massusa broker is a scam on MT5

r/CryptoMoonShotsSee Post

$b1MT | 1M max supply | What is you have invested 100$ in crypto back in 2019

r/CryptoMoonShotsSee Post

Tittle: $b1MT | 1M max supply | mission moon has started | 10000$ airdrop | Update 1

r/CryptoMoonShotsSee Post

$b1MT | mission moon has started | join in!

r/CryptoMoonShotsSee Post

$b1MT | Started in 2019 | 1M max supply | mission moon has started | 10000$ airdrop

r/CryptoCurrencySee Post

El Salvador is planning on launching crypto bonds, my take on that

r/CryptoCurrencySee Post

El Salvador is planning on launching crypto bonds, my take on that

r/CryptoCurrencySee Post

Dont forget MT.GOX Bitcoin has been through hell and back!!! We will be back maybe not today maybe not tomorrow, but we will be back!!!

r/CryptoMoonShotsSee Post

Meta 2022 will launch at 14.30utc | Rug Proof | Huge Marketing after Launch | LP locked for a year

r/BitcoinSee Post

JOIN

r/CryptoCurrencySee Post

I need an advise. Please

r/CryptoCurrencySee Post

gigabyte GTX 1060 6GB windforce 2X OC REV 2.0 does not pass 18Mh/s

r/CryptoCurrencySee Post

Looking Back - Gaining Perspective on the CryptoCurrency Space with Old Posts.

r/CryptoMoonShotsSee Post

🏛 MonumentsToken – saving our history with the power of DeFi 🔥Pre CMC and CG

r/CryptoCurrencySee Post

Where to convert CRO to BTC(bitcoin) the best?

r/CryptoCurrencySee Post

How did we move from "Don't trust! Verify!", to "Trust! Don't verify!" ?

r/CryptoMoonShotsSee Post

Update on UniVerse.. If you are HOLDING.. please keep HOLDING!

r/CryptoCurrencySee Post

Bitcoin tumbles over the weekend, but crypto’s global adoption continues to rise

r/CryptoCurrencySee Post

Didnt i read something about an event in november? Couldnt this be the cause of the crash?

r/CryptoCurrencySee Post

Which Crypto Exchange Is Best?

r/CryptoMoonShotsSee Post

🌐Monuments token – With a mission to save endangered tourism sites 🥇 | 🔥Pre CMC and CG | 🚨Incredibly low marketcap | 📱Great vibes in the community | ✅Daily marketing being done

r/CryptoMoonShotsSee Post

COOL Token 🥶 PRESALE is Now LIVE! ❄️| chance to be the very fast community members👥 | Let's cool the Planet 🌎

r/CryptoMoonShotsSee Post

TheCryptoBricks.com and their #CryptoWall 🧱 ! The world biggest user-contributed NFT!

r/CryptoMoonShotsSee Post

TheCryptoBricks.com and their #CryptoWall 🧱 ! The world biggest user-contributed NFT!

r/BitcoinSee Post

Why are people freaked out about Mt. Gox payouts?

r/BitcoinSee Post

Could anyone help me as to why BTCUSD market is closed on MT4, I have entered a trade and cannot modify or close it as “market closed”? We all know btc is 24/7!

r/CryptoCurrencySee Post

New Scam Alert!! Very important.

r/CryptoCurrencySee Post

What will happen when MT GOX dumps 141,000 BTC?

r/CryptoCurrencySee Post

For Stupid Monkeys With Weak Hands

r/BitcoinSee Post

For stupid monkeys with weak hands.

r/CryptoCurrencySee Post

You can't beat yourself up for not buying BTC in 2011 or 2012. Back then buying-in was through either A) sketch marketplaces / middlemen or B) Mt Gox which was later hacked for several hundred thousand BTC

r/CryptoCurrencySee Post

MT Gox will pay it's creditors 150k BTC,expect extreme volatility in the market

r/CryptoMoonShotsSee Post

🎲 Money Tree - The Fair & Fun Blockchain Gaming Platform 🎲

r/CryptoCurrencySee Post

Famous Bitcoin Addresses and Transactions

r/BitcoinSee Post

Molly Spiers on starting MT Socks and using it as a vehicle for Bitcoin education

r/CryptoCurrencySee Post

Any decent futures/perpetual bot for crypto exchanges?

r/BitcoinSee Post

8.5 Billions $ of BTC from MT Gox will create a crash

r/CryptoMoonShotsSee Post

🎲 Money Tree - Fair & Fun Blockchain Gaming 🎲

r/CryptoMoonShotsSee Post

🌳 Money Tree | $MONEY | 🎲 Fair & Fun Blockchain Gaming 🎲 | Only 900K MC | 70 BNB Prize Lottery This Week |

r/CryptoCurrencySee Post

Introducing CryptoAltum: 1:500 Bitcoin Trading

r/CryptoCurrencySee Post

Introducing CryptoAltum | 1:500 Bitcoin Trading

r/CryptoCurrencySee Post

99% of Creditors Approve MT Gox Rehabilitation Plan

r/CryptoMoonShotsSee Post

🌴 Money Tree | Chainlink Partnership | Play Mini games to earn $MONEY and NFT prizes | 100x Potential Coin 🚀

r/BitcoinSee Post

How much bitcoin have you lost ? And how?

r/CryptoMoonShotsSee Post

🌴 Money Tree | Launched | Play Mini games to earn $MONEY and NFT prizes | 100x Potential Coin 🚀

r/CryptoMoonShotsSee Post

🚀HealthyDoge Token private pre-sale live| Next 100X Bsc Gem💎| Holder rewards 🔥

r/CryptoCurrencySee Post

I want to buy a motor September next year.

r/CryptoCurrencySee Post

Bag Holder Say What!

r/CryptoCurrencySee Post

First U.S. Crypto City

r/CryptoCurrencySee Post

Bitcoin, legal tender? Asset? International trade currency?

r/CryptoCurrencySee Post

What amount of crypto (derived in the coin or your local currency) do you consider someone being rich/what is your monetary goal?

r/CryptoCurrencySee Post

Is Bitcoin a currency? Is it legal tender? or is it capital?

r/CryptoCurrencySee Post

How to trade BTC against the Dollar on the weekends in MT4?

r/CryptoCurrencySee Post

Not Your Keys, Not Your Coin

r/CryptoCurrencySee Post

What is cryptocurrency considered as in your country

r/CryptoCurrencySee Post

When did you start making progress/profit

r/CryptoCurrencySee Post

Status of Cryptocurrency in your country and Coinspot Debacle

r/CryptoMoonShotsSee Post

What problem is moneytime.finance solving? New partnership with b1MT

r/CryptoCurrencySee Post

Fallen Hero - A Shib Story

r/CryptoCurrencySee Post

Bitcoin Conspiracy Possibilities - A Deep Dive

Mentions

#Crypto.com(CRO) Pro-Arguments Below is an argument written by IAmGiff which won 1st place in the Crypto.com(CRO) Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds.

>BTC has had two inflation bugs where people could mint as many free coins as they want. One was disclosed by a dev of another project, the other was used. You're right, I forgot about those. I mean they happened over a decade ago lol. Since then however, name one other incident. >A DAO being hacked is a lot different than a blockchain having attack vectors. If the result is the ability to steal Eth from the network, it is an attack vector. >ETH has never had an inflation bug. I would hope not. That would be a pretty fucking big oversight seeing as it was already a know issue. Now how about the fact that you just glodded over the many other issues Ethereum has had. Like knowing about [a severe security threat to the network](https://finance.yahoo.com/news/ethereum-says-dodged-bullet-fixing-133348486.html) and doing nothing about it for nearly 2 years. Or the bug in 2019 [which could have allowed someone to have access to unlimited Ether](https://www.investopedia.com/news/bug-you-missed-become-ethereum-millionaire/). Or the other bug in 2019 [which put $4.4 million at risk](https://www.investopedia.com/news/ethereum-smart-contracts-vulnerable-hacks-4-million-ether-risk/). >If you want to say ETH is unsafe because of a DAO hack you must not know what MT Gox is. Or how the FBI can confiscate your BTC at any moment. Ask the Silk Road guy. You do realize that you are comparing a legitimate hack with what is essentially the loss of one's seed phrase, right? The 2014 Eth DAO hack was the result of an actual vulnerability in the DAOs code. Mnt Gox was the result of the owners having no clue what they were doing and storing seed phrases in an unsecure manner. And the Silk Road guy... The FBI was able to seize the BTC that was on the Silk Road accounts only because they were able to locate the seed phrase. The BTC that Ross Ulbricht had stored in his person BTC wallets has to this day been unretrievable. So no, the Eth DAO hack was nothing like MT Gon or Silk Road.

What if someday they will discover a backdoor to Ledger or Trezor. This would hit the market worse than FTX or MT Gox cases...

Mentions:#FTX#MT

Do you know who holds the vast majority of BTC? 99% of the known circulating supply is held by the top 10% of addresses. One of them being the FBI, and another the MT Gox trustee. A bunch of people ready to dump right on your head. Still using Proof of Electricity where people have to dump the BTC price to pay their electric bills to continue mining. BTC is trash.

Mentions:#BTC#MT

**What matters most is Education. Once out you cannot take it back. That memory doesn't erase.** This [https://www.youtube.com/watch?v=MT0je2KBNCo](https://www.youtube.com/watch?v=MT0je2KBNCo) already has 10 Million views, is 8 months old , and is just a small fraction of what is about to unfold in the coming years in the media **now that sentiment shifted and it's lucrative to sh\* on the 'chain**.

Mentions:#MT

#Crypto.com(CRO) Con-Arguments Below is an argument written by IAmGiff which won 2nd place in the Crypto.com(CRO) Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Let’s dive into CRO's negatives (here’s my [related take on the pros](https://np.reddit.com/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/hvb6h1j/?context=3)). > > **Centralization** > > I began my post on the pros by noting the fate of CRO is obviously inextricably linked to the fate of the parent company (Foris DAX MT (Malta) Limited, founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives would drive adoption of the coin. The flipside of this is failures and missteps of the company would drag down CRO. > > The company has taken steps to decentralize the actual validators of their chain, but there’s really no question the company’s actions could hurt the coin. With that in mind: > > **Security Concerns** > > Obviously the biggest risk to *any exchange* is getting Mt. Goxed. > > Crypto.com seems to work hard on its security but, still, the company very recently had a hack that [stole 4,600 ETH](https://www.coindesk.com/business/2022/01/19/cryptocom-ceo-acknowledges-400-customer-accounts-were-hacked/) and some BTC. Although customers were kept whole, it was a pretty bad breach as hackers somehow circumvented a 2FA system. They've since taken steps to improve security, added whitelisting, and are rolling out a new account protection program (with apologies to Cardi B, the unfortunately named [WAPP](https://blog.crypto.com/crypto-com-security-report-next-steps)). > > Look, security-by-obscurity can be a valid idea, but the company hasn’t been completely transparent about how the hack occurred. This type of thing can still be a risk. > > **Poor Customer Service** > > If you spend any time on the crypto.com sub you will see two main things. 1) People excitedly posting photos when their card arrives (bullish!) but 2) people angrily posting customer service complaints including loooong delays getting their cards (bearish). Even the biggest fans have to admit many people find the customer service experience to be very frustrating and inconsistent right now. While there’s a viewpoint that it’s just growing pains, it’s really not a good excuse. If you’re going nuts on marketing, and asking people to invest $4K or $40K for a card (!) you need to invest in customer support that can keep up or you risking driving away customers for good. > > **Opaque Fees** > > The fees are a common/fair complaint. The app takes a spread that's 1) non-transparent 2) variable 3) difficult to calculate on your own and 4) in some reported instances, apparently quite high. Someone using the app to regularly trade crypto could lose lots of profits to these fees. I don’t use Robinhood but understand it has a similar invisible spread and while people initially loved it, and some mistakenly believed they were buying with no fees, over time people wised up and become more aware of this losing proposition with Robinhood. I feel like everyone hates Robinhood now. There’s certainly a possibility that ultimately customers would rather just see exactly what they’re taking as spread, and that hiding it from your customer is a bad practice that will catch up with you. > > **Product Limitations** > > New customers frequently don’t realize limitations of the products. Sometimes they didn't read the materials, yes. But sometimes it's complicated or unexpected. > > For example, you cannot load money on the pre-paid debit card and turnaround and use it to buy crypto on crypto.com. It’s a silly idea to load money onto CDC, offload money from CDC to the card, and then try to buy back onto CDC. (Just load the money onto CDC and buy crypto, without the extra steps, obviously) But there’s no denying it makes people incredibly mad when they learn they can’t do this. Relatedly, once you’ve loaded the card, there’s no easy way to unload. Sometimes this is just bad planning, but sometimes people loaded the card for a large purchase, found they were unable to make the purchase, and then had no way to get funds back. > > A standard feature of pre-paid cards is you can’t earn rewards on every category of purchase. Also, though true of all pre-paid debit cards, you have to load then spend, rather than spend then payoff later like a credit card. A lot of people would prefer a credit card. > > Due to regulatory constraints, not all of this can be fixed. But the company could fix some and certainly do more to warn people. In the meantime, some people get driven away. > > **Switcheroo Risk** > > If you’ve been following CRO for long you’ll know the company was once known as Monaco, and its currency was MCO. Then it bought the crypto.com domain, launched CRO and eventually retired MCO in favor of CRO. There’s a fair [discussion of what went down here](https://zeroverge.com/crypto-com-has-changed-the-rules-of-the-game-mco-to-cro-swap-83c33f66633d). MCO holders had a window to exchange their MCO for CRO (in hindsight it was a sound move to do so) but there were a lot of questions at the time about fairness. Many people felt like the whole thing was a switcheroo. > > Despite this transition ending up fairly successful by many measures, a lot of people have speculated that the company could someday dump CRO in favor of something new, and there’s no guarantee it would work out as well next time. > > **Too-Good-To-Be-True APYs** > > There’s good reason to believe 10%+ interest rates won't be sustainable indefinitely. But who really knows because there’s limited information available about how the company is paying such high rates. Is the company recycling trading fees to prop up APYs? Is it spending its treasury to do it? I’ve never seen clear answers. > > The company has disclosed it has a CRO supply for the purpose of subsidizing validator rewards, with the goal of decentralizing their chain. Is it also using these funds to prop up Crypto Earn rates? What happens when that war chest runs out? Is it a temporary promo rate? What happens if the system turns out not to work the way people thought? > > A lot of people believe they’re just giving users a higher cut of borrowing than banks do. But I don’t think the company has actually claimed this. And the math for this claim doesn’t really add up because lending rates aren't that high. You can’t pay 12% interest to depositors (under this explanation) if you’re not lending to someone else at 12+%. > > If anyone has seen a detailed accounting of any of this, I'd love to review it. > > **Leadership** > > For the sake of completeness, I’ll note some people have concerns about the past activities of senior leadership. You can [read this](https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming) and make your own decision. I personally think the story is overblown. > > **Limited US Functionality** > > The lack of a US exchange is a big limitation. Everyone knows this. Also, if you’re just on the app the research tools are incredibly limited. You can only see 6-months of charts, there’s virtually no information about what you’re buying, you’re vulnerable to the fees above etc. A lot of people (Rich Boomers, elder millennials, etc.) just aren't ready to trust meaningful funds to something that's a limited app. > > **Chintzy Missions** > > This might seem minor, but some people hate “Mystery Boxes” in the app. It’s a little gamification, but the rewards are so low (most boxes earn the equivalent of finding a dime or two in your couch) that many people would rather have nothing than get small amounts of free CRO. You can be the judge of the logic there, but there’s no question people get mad about it. The Mystery Boxes do seem to incentivize some people to make purchases they would not otherwise make in order to collect boxes. > > *Ultimately, the bottom line to all this: CRO will suffer if crypto.com alienates its customers.* > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. Despite the cons, I’m personally bullish on CRO but I never want to be blind to the risks of an investment, so I thought hard about this. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sife6e/coin_inquiries_cryptocom_conarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z7d8jz/daily_general_discussion_november_29_2022_gmt0/).

#Crypto.com(CRO) Pro-Arguments Below is an argument written by IAmGiff which won 1st place in the Crypto.com(CRO) Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds.

I get what you're saying, but hear this... The total amount MT gox (should) have had, in order to make everyone whole who had btc on there, is not totally accounted for nor included totally in the hack. Where is all that bitcoin? They stole it or never had it.

Mentions:#MT

#Crypto.com(CRO) Pro-Arguments Below is an argument written by IAmGiff which won 1st place in the Crypto.com(CRO) Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sife3c/coin_inquiries_cryptocom_proarguments_february/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find arguments on this topic in other rounds.

It's econ 101 and I am not surprised most people still don't get it because yet again they've fallen victim to an exchange collapse. Look guys it's easy, paper bitcoin keeps the price down! It artificially suppresses the price because they're artificially inflating the supply by taking many of you for fools who won't withdraw. So they get to sell you FAKE bitcoin, counting on you never asking for it. This is exactly what MT Gox did and every other collapsing exchange since then, but you smarties keep falling for it! When we crash the supply of paper bitcoin, forcing them to come clean and admit the losses to their clients, we will see an initial sell off from the smarties who think that somehow looks bad for bitcoin. But in the long run what is happening is the paper bitcoin is being burned and we are lowering the supply, and getting back to real bitcoin. With some time that will greatly increase the price because demand keeps building but supply is being burned to get rid of paper btc. It's not rocket science fellas.

Mentions:#MT

It's a good question. The answer will be yes though. The card may well sit outside of their ownership. Certainly the crypto.com cards that are offered by crypto.com are not managed or run by them. It's a Lithuanian company, Foris MT that handle that, and they're prepaid, you can't accrue debt with those cards. In case of crypto.com folding, you'd certainly still be able to spend your card balance. Though you'd be screwed if you stake a stablecoin on there and only transfer what you need to the card when you need it. I'd assume the same applies for Blockfi, the card t&C's will confirm it.

Mentions:#MT

The MT GOX money was moved around, wonder if it was time.

Mentions:#MT

MT Gox also. Or is it still news?

Mentions:#MT

Man fuck Binance, the have been running fractional reserves for a long time especially with Monero, citing BS reasons like network congestion to halt withdrawls. I personally believe they will go the route of FTX and MT. Gox (which happened when I was a crypto noob) sooner than later and more than likely the next bullrun.

Mentions:#FTX#MT

Binance, FTX, and pretty much every single low trading free cryptoexchange site, operates on fractional reserves. Basically these exchanges copy the same practices that traditional banks do, which is no surprise because both CZ and SBF have a background in traditional finance. This video pretty much breaks down Fractional Reserves and CEXes: https://www.youtube.com/watch?v=b1HMkunLsDA As for FTX, I think SBF's Investment Bank overlords are going to bail him out. They'll find a way to make the FTX US customers whole and build a FTX clone rebranded with their name on it. Now rather SBF faces a charge that involves jailtime, its unknown. A few years ago, Wells Fargo created fake accounts and illegally moved customer funds into some of these fake accounts. Customers were actually charged and paid fees on these fake account. When this came out the CEO resigned, Wells Fargo was charged a huge fee, and that was pretty much it. https://www.youtube.com/watch?v=c4I3SyLmfNM Just like FTX, Well Fargo Executives made sure to have no documentation (or hard evidence) whatsoever pressuring bank employees to make fake accounts. In order to be convicted of fraud, there needs to be hard evidence that the directives came from someone higherup; not just the action of rogue employees. Just showing Crypto transfers won't work; FTX's and Alameda's wallets were accessible to so many people and they all lived in the same house. Fun fact: FTX went down the same way MT. Gox went out; using customer's fund to trade, a bank run, and then a "hack" that stole most of the bitcoins. Many believe that the "hack" was an inside job. So SBF isn't the Madoff of Crypto. He's simply the Mark Karpelès of today. [https://www.youtube.com/watch?v=SfiiF1zHWU4](https://www.youtube.com/watch?v=SfiiF1zHWU4)

Mentions:#FTX#MT

That's a laugh of arrogance. MT Gox didn't sink Crypto, if Coinbase is a ruse, crypto will still survive. It's not "over anyway". Cefiers are the problem.

Mentions:#MT

For atom: keplr. And stake the portion that you feel comfortable in not top 20 validators, not Cex, not 0% comission (for example I use relayers as cross nest, ez staking, golden rate, imperator, lavender or space potato) For Matic if you don't want to use MT you can try Trust

Mentions:#MT

I've been following crypto since started, MT Gox etc, after Lunc crashed this summer thought it may be time to get in. Here I am. I only invest during crashes stock market 2000, 2008, Covid 2020. So far what I've seen, is that general consent is this crypto cycle is near bottom or 6- 12 months out.

Mentions:#MT

Still waiting for a dump from MT Gox holders when they get their BTC back, don't know if its fair to compare these two when we're still waiting for the dump of all dumps

Mentions:#MT#BTC

I don’t know what you mean by some centralization is ok but centralized and unregulated is the worst combination. FTX, Celsius, Voyager, MT Gox were all centralized and unregulated. Government regulations are needed for the continued growth of crypto. Behind every centralized or decentralized system is a group of humans so you never really know how decentralized it is. Government oversite keeps these people honest or puts them in jail. Businesses are regulated and won’t be able to accept crypto unless the government allows it. All the governments have be to do is make it illegal to accept crypto. No business will care because they would rather have fiat anyway. A lot of the hardcore crypto community thinks that decentralization somehow gives them some type of leverage over the current financial system. It doesn’t. You can’t keep them out and they know you will have to play by the rules or you will be regulated out of existence. If only small percentage of the population trades crypto peer to peer then it will basically just go back to being a currency for the black market. Crypto will die if this happens.

Mentions:#FTX#MT

FTX will pull a MT Gox, and dump its crypto onto the market to settle bankruptcy proceedings. get ready for a bear market lmao

Mentions:#FTX#MT

I want you to Google "MT GOX" Or "Quadriga CX" That's what's gonna happen.

Mentions:#MT

I see some of my fellow OGs believe the MT Gox drama was the worst. It wasn't, we didn't have crypto lending and leveraged trading back then. We didn't have artificially inflated crypto with wraped BTC. Previous bear markets were fast and furious. This bear market and current issues are a completely different beast. There is so much artificial value to unravel in the current market still. This bear is the slow and painful one compared to the ones of the past. I definitely see a strong recovery once the bad apples are shaken from the tree leading into the next halving event for BTC that can and should turn this bear into a bull with wings.

Mentions:#MT#BTC

Celsius, Vauld, Voyager, it's been months and they're still waiting. MT Gox, it's been 8 years and they're still waiting.

Mentions:#MT

I believe my point was, that like FTX, and Luna, and MT. Gox, things are happening in the background that we do not see because these are not publicly traded companies like say a Coinbase, so they can be all kinds of fucked up, and we'd never even know until boom... they go under.

Mentions:#FTX#MT

Dang... I'm in it for the long-haul, so I don't really care... just interesting to see MT. Gox over and over again though.

Mentions:#MT

Did blackrock have funds in MT Gox? Did MT Gox become the 2nd largest donor to one of the major US political parties? Yeah ok you’re so cool for being early in crypto but please theres no way this isn’t much bigger

Mentions:#MT

This is probably this era’s MT GOX moment. The next few weeks we will surely see more CEX failures

Mentions:#MT#CEX

If you look at value in today's prices no. MT Gox was 740k BTC. And Luna was worth 100B. This was a trusted exchange that had several billion in liabilities, but not on these levels. Luna took out everyone amd and I'm sure it sparked the chain of events that are happening now.

Mentions:#MT#BTC

And people funds will be “stuck “ for a while just like MT GOX … good luck 🍀

Mentions:#MT

The situation must be compared in scale, btc price should drop to less than 9k in the successive days if FTX situation is worse than MT GOX

Mentions:#FTX#MT

For me i am not that old enough guy in the crypto market so i have never invested in the MT Gox. But damn man you had gone through with some real bad time in the past and after losing all of that how you are even surviving the market here??

Mentions:#MT

I'd say all this seems worse then the last few bear markets. In 2017 it was more about garbage/fake projects being built on ETH, but now it's big companies failing because they were overleveraged. You did have MT.Gox failing but that was so long ago.

Mentions:#ETH#MT

MT. Gox me daddy

Mentions:#MT

Yep, I keep saying the very decentralization although well-intentioned is far worse than getting crypto some basic regulations. It just gives certain actors too much power, we keep seeing this BS happen over and over again (MT.Gox, Quadriga, Bitconnect, Bitcoin vs Bitcoin 2.0, FTX..etc), freakin' Wild West over here.

Mentions:#MT#FTX

Move over MT. GOX. ….

Mentions:#MT

Feel like it would be a huge black swan event. I’d like to say unprecedented but MT. Gox was worse imo. The crypto space would eventually recover

Mentions:#MT

These days a 1984 goldwing 1200. I bought the wing in 2014 and haven't really looked at other bikes except for a KDX for some offroad fun but I got a really good offer on that bike so i never did any real offroading. Me and my partner owned a bunch of different bikes from 2009 up until now though. Most of the time we had 2 to 3 bikes in the garage. Honda CBR600F F4 Yamaha FZR600 Cagiva V-raptor 1000 Yamaha MT-03 2006 KTM 690 SM 2008 stolen. Kawasaki Ninja 250 2009 Buell XB9R Honda Goldwing GL1200 Honda Fireblade 929 wrecked in a high side. Kawasaki KDX two stroke Honda CX650E sports

Mentions:#KDX#MT#SM

As a Bitcoin OG from 2012 (provable 3 ways - MT Gox creditor list, Bitcoin-talk forum account & registered Bitcoin business), I am extremely unimpressed with the Bitcoin community for the majority of responses to this post. I had a genuine desire to address this concern and was even willing to fund the audit myself.. I was mainly checking to make sure I wasn't paying for something that was already done.. A simple: "nah, not that we are aware of" would have been enough for me... but instead, this was met with extreme hostility and defensiveness... In an attempted to make Bitcoin MORE ROBUST from criticism, you guys have down-voted me so hard that my Karma on this platform is now negative 13... disgusting.

Mentions:#MT

TLDR: The private letter, dated Oct. 27, was signed by senators Thom Tillis (R-NC), Mike Crapo (R-ID), Tim Scott (R-SC), Michael Rounds (R-SD), Bill Hagerty (R-TN), and Steve Daines (R-MT). The letter stresses: Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory malpractice.

Mentions:#SC#SD#TN#MT

Or what about a sob story from losing a hardware wallet or losing your seed phrase? For every sob story from someone getting hacked there's a sob story for someone losing their seed phrase/hard drive. IDK man, you gotta be pretty stupid to get your crypto hacked these days on an exchange. Literally 99% of everyone who's purchased crypto at some point on an exchange never lost it to some hacker. Yeah there's the MT Gox's during the inception and all the shitty sites that promoted 20% APY, but tbh anyone dumb enough to buy into a 20% APY being legit kinda deserved it. In the scenario where: 1 million people hold crypto on a hardware wallet with their seed phrase ​ 1 million other people hold crypto on CoinBase or any other major exchange (not including idiots who think a guaranteed 18% APY from some brand new company was sustainable/not sketchy) ​ I'd reckon more people would lose their hardware wallet/seed phrase compared to someone's RobinHood/CoinBase being hacked. I had six figures in crypto at the top, absolutely nothing went wrong and there's nothing scary about it. If a robber came into my home and stole all my shit I would still have my money, same with my house burning down or if I had simply lost a single piece of paper/harddrive. ​ Also if I had it in a hardware wallet I probably wouldn't have sold when I did as easy access to sells & trades is honestly the smartest choice during the height of a dramatic bull run.

Mentions:#IDK#MT
r/BitcoinSee Comment

This is a great option, have you used WEEX and MT5?

Mentions:#MT

Don’t forget MT GOX returning btc to customers in Jan 2023

Mentions:#MT

None of the above would’ve bought on MT.Gox

Mentions:#MT

The end of the road has been sighted so many times for MT GOX .. I think anyone that is stuck in Celsius should take note and tamper any expectations of receiving funds .

Mentions:#MT

I talked about that in my original comment, but it got a little too long winded and I decided I probably shouldn't talk about that on the internet, especially if I'm offering it up willy-nilly, then deleted the extra details. Anyway, a few hours after I posted, Mt.Gox sent a new email! Finally progressed to the stages of verifying identity (*again actually, I had to take selfies and photos of mail and ID a year+ ago too, but this time felt way more official*) for payout. Thrice^? now I brought MtGox up on reddit and ended up getting a new email just hours later. With this consistency I almost gotta wonder if I'm Truman and this is my show. https://i.imgur.com/6hOpgFl.png Part of what I cut is still in clipboard history, so partial paste from after "Dad was right" : >All the cash is gone, just poof, fairy dust. But I'm supposed to get some BTC back in the class action (someday...). Because of the Mt.Gox withdraw limit, I had to keep much of the cash on MT.Gox, to which I luckily used to buy back in some at <= $1000 during those weeks of waiting. I'm supposed to get like 16% of those BTC back. But the BTC I converted to cash went poof ^^\(like, ^^a ^^very ^^significant ^^majority, ^^I ^^had ^^a ^^ladder ^^to ^^buy ^^in ^^$50 ^^increments ^^from ^^$1k ^^down, ^^only ^^the ^^1k ^^order ^^went ^^through, ^^didn't ^^buy ^^much). > The 16% I'm supposed to get back (when BTC was ~70k) was roughly what I originally tried to pocket. So maybe it'll all work out eventually? Still, life could have been different... -------------------- Just some corrections/come clean (had some truth-serum/alcohol), this is also why I deleted the part, I can't actually remember specifics and I was already BS-ing-ish about the part I did post: * I put ~squiggles in my timeline because I don't actually remember how many days passed between those events. What I put is the time I feel like I felt like maybe passed (honestly at this point I'm just remembering the last time I remembered bcus it's been so long). * The quoted messages like `taking longer than expected` is a very short summary of the impression I felt after reading whatever it was that they actually said. I wish I had dated screenshots or emails, but I think there was foreign characters in the emails so they got auto-junked then deleted before I saw them. https://i.imgur.com/APzai0l.png * I can't remember the amount I sold for (I feel like there should have been an email?), but it was more than 1k each, within a few weeks of the first time it breached 1k. * I thought I had a ladder in $50 increments, but maybe I didn't, looking at price history and the approximate timeline I should have bought more BTC back then than what they report I had in my account. * 16% back is an unverified rumor I read on reddit that actually aligns pretty close (not exactly) to the amount I'm getting back vs my best estimate of what I had (which is very not infallible/if I actually did have the ladder I thought I did). * Hitting the withdraw limit is an excuse. Looking back it's the only reason I can think of, of why I didn't try to withdraw more. Not that it would have mattered. * Being completely honest, actually I think I figured MtGox was mostly out of the eyes of the IRS then, so I wanted to keep it low as to not raise any flags but still show Dad it was real money. I was a dumb college kid then, I wouldn't take the same risk of trying to screw the IRS these days. From this perspective, it's good MtGox failed as I wouldn't have wanted this to come and bite me later. again with the long winded TMI comments... When I wake up I may delete...

Mentions:#BTC#MT

A lot fo the people waiting for the MT. GOX payments are Japanese. Japan has some massive tax laws (they take about 45%). You will have a lot of people breaking up the sales between two years 2023-2024 to save on taxes, and some people holding until the next run as well. It is a really big deal though, and it will make news in Japan--restoring trust to the markets.

Mentions:#MT

I'd love to see the figures on people that are involved in the MT Gox creditor filing who left the crypto space vs those that are still involved but I figure we'll never find out. On chain analysis might give us some idea of where the coins go after dispersal though. My suspicion as someone that used MT Gox and is still around stacking sats is that a lot of the people involved in the filing remained in the space and are incredibly unlikely to dump their BTC at these low prices. At this point the majority of people likely considered those coins lost forever and wrote the loss off. If you've left the space you might consider it a nice little windfall or, given that you considered those coins lost forever, you could let it ride and see what happens. The idea that the all of the coins were going to get dumped at market the second they were received was completely delusional in my opinion. Besides, the trust that has control over the procedure has said multiple times that the release of coins/USD will happen over time and not in one go.

Mentions:#MT#BTC

I watched a news segment on btc in like 2012 or what ever. Made me go download a miner. I never turned it on. I'm a 3d artist so I had the machine to do it but got scared cause articles online said it destroyed your PC, i needed that pc....I tell myself all the time... MT Gox would of got you, scammers, something so....you're fine...breathe...

Mentions:#MT
r/BitcoinSee Comment

We will definitely be able to understand this things one day thank you for providing the care MT I think like it is a very good explanation and everyone should read it to understand it much better.

Mentions:#MT
r/BitcoinSee Comment

Trade Fx n Volatility indices (Vix) , Boom, Crash, v75 e.t.c ,where you can trade 24/7 (Vix) including weekends n only technical analysis is required(not affected by fundamental - VIX) No charges on deposits n withdrawals 👇🏼👇🏼👇🏼 https://track.deriv.com/_bqZedpcg5wm2vdm9PpHVCmNd7ZgqdRLk/1/ *Steps to open a volatility indices account* 1 Enter your email address and sign up 2 Confirm registration in your email address 3 Create new virtual account and upgrade to real account 4 Click: platforms, advanced,access mt5 dashboard and create your real account 5 Select Synthetic Indices 6 Download the MT5 trading platform and log in and you are done 7 Trading starts soon after account opening and no need for verification documents.

Mentions:#MT
r/BitcoinSee Comment

Trade Fx n Volatility indices (Vix) , Boom, Crash, v75 e.t.c ,where you can trade 24/7 (Vix) including weekends n only technical analysis is required(not affected by fundamental - VIX) No charges on deposits n withdrawals 👇🏼👇🏼👇🏼 https://track.deriv.com/_bqZedpcg5wm2vdm9PpHVCmNd7ZgqdRLk/1/ *Steps to open a volatility indices account* 1 Enter your email address and sign up 2 Confirm registration in your email address 3 Create new virtual account and upgrade to real account 4 Click: platforms, advanced,access mt5 dashboard and create your real account 5 Select Synthetic Indices 6 Download the MT5 trading platform and log in and you are done 7 Trading starts soon after account opening and no need for verification documents.

Mentions:#MT
r/CryptoCurrencySee Comment

Honestly sounds reasonable. I want crypto to have more regulations (and by that I mean targeted at crypto companies so another Celsius or MT.Gov never happens).

Mentions:#MT
r/CryptoCurrencySee Comment

I think the Bitcoin Silk Road guy had confiscated by the government to pay his debts and MT Gox Bitcoin. Plenty of downward pressure there. Monkeypox/COVID outbreak so we shut things down. They can say what they want about unemployment but more and more companies are laying off employees. That’s always a bad sign for economy recovery and only getting worse.

Mentions:#MT
r/CryptoCurrencySee Comment

My auto-buys are chugging along, and I log into Osmosis every couple of days to redistribute MT rewards. Random check of charts, and LUNC is up? Hm, to sell or not to sell...

Mentions:#MT#LUNC
r/CryptoCurrencySee Comment

I wonder if the weak bitcoin as anything to do with MT GOX bitcoins being released.

Mentions:#MT
r/BitcoinSee Comment

For the international transfer case that you mention the MT103 should be the proof that the transfer got through at least from the sender's end. Notice though that those are never used on Robosats, it's only instant payments like Paypal, Revolut, Rebellion, instant-SEPA, etc. Against forged documents, in that case, adjudicators will ask for PageSigner attestations most of the time. Alternatively, DKIM signatures from support emails, or signed PDF statements can be used too.

Mentions:#MT
r/BitcoinSee Comment

What about the storage? The streaming video hosting? The engineers who maintain everything? Even if we ignore the things that blockchain can fix, there's still significant overhead that needs to be recouped from somewhere. Bitcoin fixes a lot with regard to payments... SWIFT and MT messages are entirely convoluted and archaic, but what you bring up here is not the the use case.

Mentions:#SWIFT#MT
r/CryptoCurrencySee Comment

What's MT-BB? *...therefore inherits the same limitations.* That's a misconception. Proof: Radix

Mentions:#MT#BB
r/CryptoCurrencySee Comment

But DLTs are based off MT-BB, just like blockchain and therefore inherits the same limitations.

Mentions:#MT#BB
r/BitcoinSee Comment

When you have 11 trillion dollars of assets, you do not need to predict the future, you can make the future happen. This is why BR will get the first BTC spot ETF maybe next year. But first they must buy it up over the counter when it dips below 20K. They must spread as much FUD as possible, MT Gox payouts, Jim Kramer, Fed raising rates to crash everything. Blackrock knows the FED will pivot faster than expected because of the debt and now they will not just have a chip in the game, they will have a shit load of chips.

r/CryptoCurrencySee Comment

These MT gox release FUD stories are starting to get tiresome.

Mentions:#MT#FUD
r/CryptoCurrencySee Comment

I hope that's right... and even with BTC around the 20K level I was expecting that the fears of a MT Gox dump will come to place, but it seems it was already priced in! Even though it's no guarantee, it passes some bullish vibes, hence I just got some more ETH (ahead of the merge), some LINK and DIA (get my oracle bag heavier) and obviously BTC!

r/CryptoCurrencySee Comment

So today is the supposed day that MT Gox BTC is being released?

Mentions:#MT#BTC
r/CryptoCurrencySee Comment

MT GOX is another necessary evil to get rid of the speculation so we can move on to other issues 😂

Mentions:#MT
r/CryptoCurrencySee Comment

imagine institutions, like Blackrock, buying up all the MT. GOX release tomorrow, and all the paper hand sells that accompany it. maybe they wouldn’t even stop there, maybe they just keep the buy pressure going long enough to kick in the FOMO

Mentions:#MT
r/CryptoCurrencySee Comment

September - November not looking good. 1. History shows September performs the worst 2. MT GOX repayment 3. Celcius being granted permission to sell their BTC from mining operation 4. Latest Fed outlook is Hawkish &#x200B; did i miss anything?

Mentions:#MT#BTC
r/BitcoinSee Comment

> When is MT. Gox unlock? Mt Gox is much lock

Mentions:#MT
r/BitcoinSee Comment

When is MT. Gox unlock?

Mentions:#MT
r/CryptoCurrencySee Comment

When exactly is the MT GOX BTC unlock, does anyone know?

Mentions:#MT#BTC
r/CryptoCurrencySee Comment

Probably market pricing in MT GOX BTC unlock.

Mentions:#MT#BTC
r/CryptoCurrencySee Comment

Market probably pricing in MT Gox. unlock?

Mentions:#MT
r/CryptoCurrencySee Comment

Ask MT gox holders , soon Celsius and voyager might also know ..

Mentions:#MT
r/CryptoCurrencySee Comment

MT. GOX will always remember us OUR HAMSTER.

Mentions:#MT
r/CryptoCurrencySee Comment

Charts will be green at 5:55 PM MT in 2 days. RemindMe! 2 days

Mentions:#MT
r/CryptoCurrencySee Comment

Bearish because of Mt Gox release? OMG, NO ONE HAS EVER HEARD OF THE MT GOX UNLOCK BEFORE!

r/CryptoCurrencySee Comment

Ya never know look at MT gox I guess people are getting their Bitcoin back and gonna be rich imagine 8 years from now celsius returning your crypto and you have millions you otherwise would have missed the ultimate diamond hand strategy