Official Bitcoin Thread

[DonRafa]

What about locally at like best buy or micro center? Just bought one for my brother at best buy

from chain retailers is fine.

mainly no amazon or ebay

 

[360waves]

What about locally at like best buy or micro center? Just bought one for my brother at best buy

You should be fine as long as a seed phrase (24 words in a respective series) isn’t already generated. Ledgers confirm and authenticate new seed phrases for new ledgers so you know it’s genuine.

 

[itshlittt]

wagmi?

 

[Present]

California's Department of Financial Protection and Innovation said Friday it was moving to suspend BlockFi's lending license as the regulator investigates the crypto lender.
According to a DFPI press release, the move comes in response to BlockFi halting withdrawals. The lender did this on Thursday night, citing a lack of clarity around FTX. The exchange's FTX US unit had extended a $400 million line of credit to BlockFi earlier this year.
The suspension will last for at least 30 days, DFPI said.

"BlockFi’s announcement, made on November 10, 2022, from its Twitter account @BlockFi, acknowledged that it cannot 'operate business as usual' given the 'lack of clarity on the status of FTX.com, FTX US and Alameda.' The DFPI is investigating BlockFi’s compliance with the laws within the Commissioner’s jurisdiction, including the California Financing Law. The DFPI is also investigating FTX," DFPI said.
FTX, alongside FTX US and Alameda, filed for bankruptcy on Friday morning, after days of speculation that it might be insolvent. FTX CEO Sam Bankman-Fried, who also resigned on Friday, had previously said that FTX had "liquidity" issues but that assets were "fine" prior to filing for bankruptcy.

California Finance Regulator Revokes BlockFi's Lending License

FTX, which filed for bankruptcy Friday, had given BlockFi a $400 million line of credit.

www.coindesk.com

 

[DonRafa]

wagmi?

 

[703 hwy]

Crypto has been dead for awhile now. Is this FTX stuff the nail in the coffin? Coinbase’s time is inevitable too.

 

[DsLee]

Crypto has been dead for awhile now. Is this FTX stuff the nail in the coffin? Coinbase’s time is inevitable too.

Will just speed up regulation, FTX was offshores as to where Coinbase’s thing is that they’ve “followed the rules” and have been “transparent” in their moves as a US business.

End of the day, folks need to learn to use exchanges as that: exchanges. There’s other ways to swap but something like a CB has relevance as folks withdraw to fiat still. For folks we personally onboard, continue to teach about cold storage and use these events as examples as to why. If someone doesn’t want to go through trouble of hardware wallets and/or other layers of security, then crypto just isn’t for them right now.

 

[ballinsam23]

if Coinbase goes down crypto will be done for real

 

[noskey]

This is what max pain feels like. We'll be okay. Flush it out now and things will turn around sooner rather than later.

 

[sneakaprince]

After the Luna **** and the Celsius ****. I had to take a big break. I had a homie lose 7 figures to Celsius.

I'm on the sidelines for now. I love this space but as we've been saying all year there are just too many scammers in crypto.

 

[ogbobbyjohnson773]

This is what max pain feels like. We'll be okay. Flush it out now and things will turn around sooner rather than later.

 

[water]

Donald J Trump Coins >>> Crypto

 

[Air Champa]

wagmi?

More like warf.

We're all really f`ed. At least for the time being.

 

[Majorbread]

The fact this thing keeps getting worse by the hour is amazing. Sad week for the industry, feeling for those who lost funds
SBF the scumiest of scum

 

[itshlittt]

More like warf.

We're all really f`ed. At least for the time being.

still bullish on crypto thats working on being compliant.

like TEL.

 

[ohsolenice]

What about locally at like best buy or micro center? Just bought one for my brother at best buy

It should be fine. Just make sure it's not tampered with and it's verified once you plug it in.

 

[C.Magneto]

 

[stuntman mike]

are these crooks passing around assets just to look good for snapshots of their reserves?

 

[DonRafa]

 

[sohi 23]

I read crypto.com has 20% of its reserves in SHIBA

Only central exchange i trust is Coinbase and even then…

 

[stuntman mike]

 

[ballinsam23]

Greed and scamming gonna ruin the whole space.

 

[cubanref]

Greed and scamming gonna ruin the whole space.

Hopefully this is just a purge of the bad actors in the space

 

[BIG LEEMELONE]

Yall wanted a dip and here it is. The great retracing is upon us

 

[360waves]

I never understood yielding, staking, interest returns and never touched it.

Is it similar to YouTube “send me 1x coin to this address and eventually you’ll get 2x coins.”. Where is that 2x coming from? Lol everyone’s appears to be borrowing from each other or cooking their books. Maybe someone can explain it to me