ProtocolCash @ProtocolCash

Life: Eating, Sleeping, and Coding. Fullstack? Yes! Enjoys backend dev; tolerates building UI/UX. DMs are open. Lost in Code, Earth Joined April 2019

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ProtocolCash @ProtocolCash

2 years ago

@im_uname An ETF is the ultimate easy access mechanism for a lot of money that doesn't have any other way to hold crypto.

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ProtocolCash @ProtocolCash

2 years ago

@MarkFriesen08 Build more nuclear power?

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@MarkFriesen08 @phzix Imagine being this guy, scared of someone who (looking back over the timeline) has supported you, but then tweets some real info about heat pumps. Heat pumps work great. Should you rely on them if you live in truly artic conditions? No, but saying they are inefficient is dumb.

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ProtocolCash @ProtocolCash

2 years ago

What does everyone say... You ready for a big code drop?

ProtocolCash @ProtocolCash

2 years ago

What's up these days everyone?

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ProtocolCash @ProtocolCash

2 years ago

What's up these days everyone?

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ProtocolCash @ProtocolCash

7 years ago

@xeni That sounds like a highly biased place, not well informed place, tbh...

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Terrible Maps @TerribleMaps

7 years ago

Don't mess with Poland #Map #Maps #TerribleMaps #TerribleMap #Poland

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ProtocolCash @ProtocolCash

7 years ago

And risk getting caught over those 10 years. Vs an exchange exit scamming in one go, which will almost always be more more profitable because they stayed in the market, and aren't at risk of getting caught in a scam constantly for 10 years...

imaginary_username🕶️🌭 @im_uname

7 years ago

@ProtocolCash @KTrzeszczkowski @deadalnix imagine someone puts $1000 in your exchange. You can either get $50 each year in fees and last 10 years+, or you can take $500 immediately - betting 50% reserve enough - and get the same $50 each year till you collapse. If the difference is less than 10 years, you win.

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ProtocolCash @ProtocolCash

7 years ago

@KTrzeszczkowski @im_uname @deadalnix Since the abolishment of the gold standard, gold holdings are never fractional. Gold ETFs are, but that's very seperate. And ofc banks run fractional reserves for fiat - fiat isn't a limited resource.

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ProtocolCash @ProtocolCash

7 years ago

@KTrzeszczkowski @im_uname @deadalnix That's quite a bit different then what we're talking about here, I think, where the FR exchange isn't being honest about a lack of full reserves.

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ProtocolCash @ProtocolCash

7 years ago

@im_uname @KTrzeszczkowski @deadalnix This is all, ofc, based on the idea that the FR exchange is not being honest/open about being a fractional reserve. Just thought that was worth clarifying.

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ProtocolCash @ProtocolCash

7 years ago

@im_uname @KTrzeszczkowski @deadalnix That doesn't compute for me. The FR is running a scam that can be caught anytime - perpetual risk over those years. The exit scam doesn't do anything wrong until the end, and given a long enough time frame will consistently walk away with more.

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ProtocolCash @ProtocolCash

7 years ago

@im_uname @KTrzeszczkowski @deadalnix An on collapse, based on history at least, you'll be far behind where you could have been if you just exit scammed in one go. Nature of exiting the market - lots of good historical examples available.

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ProtocolCash @ProtocolCash

7 years ago

@im_uname @KTrzeszczkowski @deadalnix Still not getting how you think that's more profitable then not running a fractional reserve... 1 + 1 = 2 and all that. Chances are a fractional reserve will be on the wrong side of the market (in cash) having sold early, and make less overall then a one time exit scam.

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ProtocolCash @ProtocolCash

7 years ago

@KTrzeszczkowski @im_uname @deadalnix "As long as you can afford to buy those coins" is a HUGE if... it has nothing to do with how many people want to withdrawl. If you're running a fractional reserve you're betting against a market and you'll lose eventually. Missing coins tend to balloon in value, not shrink.

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ProtocolCash @ProtocolCash

7 years ago

@im_uname @KTrzeszczkowski @deadalnix Theft. What does a fractional reserve have to do with an exit scam tho? You can make that "profit" either way if you're willing to turn full blown scam. Which is why I was suggesting it's not worth counting.

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ProtocolCash @ProtocolCash

7 years ago

@CommanderZx2 @AmirSariaslan @RealPeerReview > not eating a donut > extreme or painful beauty treatment LOL

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ProtocolCash @ProtocolCash

7 years ago

@im_uname @KTrzeszczkowski @deadalnix Not running a fractional reserve is likely far more profitable long-term, unless you count an exit scam as profit.

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ProtocolCash @ProtocolCash

7 years ago

@im_uname @KTrzeszczkowski @deadalnix So is just stealing all the money on an exchange, until you get caught anyway. There's no "safe" fractional reserve amount when it comes to a limited supply asset, particularly one prone to wild volatility. Gox wasn't very far in the hole, until it was.

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ProtocolCash @ProtocolCash

7 years ago

@blockchainchick @coincornermolly @jack I don't think jack cares much about twitter anymore. It's all about square. I mean, he sold off most of his twitter stock and only has about 20% left after purchasing some back in 2017.