Co-founder @forbole

Hong Kong
Joined March 2011
MEXC has suddenly started requiring existing users to complete KYC. If you don’t, you won’t be able to use your account IMMEDIATELY — not even to withdraw your tokens. No prior notice. No grace period. I’m a victim myself. Shame on me. Luckily it’s only a few hundred bucks, but it’s still my money — and it’s now effectively stolen. My advice: Quit MEXC ASAP, at all costs, and never look back.
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your boy, too.
AI is gonna take your job and your girl.
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If you are or were validators on the network, we also suggest that you consider how to handle your commissions.
Although we have not yet finalized our plan, we still need the inflation (3%, equating to 7.1% at the current staking ratio) to incentivize stakers, as engaged stakers are the cornerstone of our pivot.
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They have just invented a new method to exit: instead of dumping the tokens, they dump themselves. This is quite genius indeed.
The @interop_labs team has signed an agreement to join @circle. The Foundation thanks Interop Labs for its contributions to the network over the years. The Axelar Network, Foundation, and AXL token remain fully independent. Axelar Foundation is welcoming @CommonPrefix, a leading network contributor, to take over Interop Labs activities and lead development of the network following the closing. The Axelar Network is the most open-source and non-custodial interoperability network in existence today. We look forward to continuing to build alongside a tremendous ecosystem of builders. Read the announcement: axelar.network/blog/circle-i…
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Seeing how the community attack the builder of kas.fyi disheartens me.
All $KAS Krew - KAS.fyi which was graciously created and maintained by @cryptok777 - a real nice guy who has had enough and he's over it :( He is asking $150,000 to hand over the reins. After careful consideration by @kasmediadotcom and a few other key players, we have declined. Instead we pledge to back @asaefstroem and write a ground up new gen2 explorer kasfyi.io which will be forward compatible with VPROGs all l2's sync composability real-time decentralization all the APIs and new Opcodes
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I am not a legal expert, nor am I trying to defend Do Kwon. But compared to the other crimes we have seen in this space (e.g., the liquidation day on 11 Oct), his offenses are dwarfed.
🚨The DOJ is asking for a 12 year prison sentence for Terra founder Do Kwon after his guilty plea. Prosecutors say Do Kwon deserves the maximum sentence for his role in the 40 billion dollar Terra collapse.
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The real problem with all these X accounts using AI-generated hot girls as PFPs is that even though I know they're AI-generated, I still click and look at their photos. Fuck me.
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It's "amazing" to see how this company keeps doing stupid things it thinks will tease the capital market while pissing off true crypto users. Wen IPO?
Wen Lambo? Now. We've partnered with @Lamborghini to create a custom Ledger Stax, connecting the pinnacle of automotive design with the highest standard of security and our most premium signer.
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Maybe we can put it this way: The trillions spent building AI infra right now are pro bono acts by the richest people and companies to migrate homo sapiens to the next era.
$IBM CEO makes the no-nonsense case for the AI bubble. This is what I've been trying to explain for so long. The bubble isn't specifically about $NVDA or its accounting practices, as Michael Burry would have it appear. It's an ROI problem. There's no way there'll be adequate ROI on the infrastructure buildout we're seeing today. It resembles the fiber-optic cable boom of the 2000s, and remember that telecom companies never achieved meaningful ROI on those massive investments.
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Hong Kong has experienced its worst and deadliest blaze in more than a century. I have never felt such heartbreak for my city, not even in 2019. I am a proud son of Hong Kong. God bless Hong Kong.
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I think those around the globe whose bank accounts were abruptly closed should do the same (frame it).
Yes. A proud moment. So proud I got it framed.
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To all self-proclaimed BTC maxis: Why do you love seeing countries like the US, along with their agencies, institutions, and companies, stack BTC before our young and future generations have the chance? Why are you excited about making the US the crypto capital of the world? Why do you like MSTR?
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USDT is a potential candidate for the next black swan in crypto.
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To all those who keep guessing the bottom of Bitcoin using historical charts and indicators (incl. myself), I highly recommend reading the entire Incerto series by @nntaleb.
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Most CT keep saying the fundamentals are strong. The fundamentals you refer to are exactly what’s killing the market (especially BTC) right now. What makes you think China, Russia, North Korea, Iran, and many other countries (along with some of their OG citizens) want—or dare—to own a crypto that is “Made in America,” highly manipulated by the US gov and its agencies/institutions/companies, and so easily subject to seizure by the US?
Recently, people keep saying the selloff "does not make sense" because there is no "bad news." I think it's because most of them view things from a US perspective. All the "good news" built up over the past 12 months is precisely the "bad news" for anti-US camps. A few months ago, when Eric Trump visited Hong Kong for Bitcoin Asia, the HK government deliberately sent no high-ranking officials and tried to downplay the event. In hindsight, that was a sign. Going back further, the correlation between the airstrike on Iran and the plunge in hash rate was bizzare. Not to mention that North Korea and Russia are also heavyweight Bitcoin/crypto players. This is what happens when supposedly borderless, neutral currencies become "Made in USA." How long did all these countries be hijacked by the USD standard, SWIFT and US Treasuries? Will they accept being hijacked again with their massive BTC holdings? I can picture this scene happening in all the politburo meetings after the 120K Bitcoin news broke.
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Some properties of Bitcoin make it difficult to achieve widespread adoption without sacrificing its core design qualities. eg, "NYKNYC" If we require the mass market to hold their own private keys, 99% will give up. Of the remaining 1%, 99% will only self-custody a small portion of their net worth in Bitcoin. The benefits they gain and the risks they face are heavily asymmetric.
I am still completely undecided on Bitcoin. I like its borderless nature; I don't like that it relies on faith. I own some because I see the potential benefits (aside from speculative growth), but I think Schiff of right. Digital is not reality.
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Recently, people keep saying the selloff "does not make sense" because there is no "bad news." I think it's because most of them view things from a US perspective. All the "good news" built up over the past 12 months is precisely the "bad news" for anti-US camps. A few months ago, when Eric Trump visited Hong Kong for Bitcoin Asia, the HK government deliberately sent no high-ranking officials and tried to downplay the event. In hindsight, that was a sign. Going back further, the correlation between the airstrike on Iran and the plunge in hash rate was bizzare. Not to mention that North Korea and Russia are also heavyweight Bitcoin/crypto players. This is what happens when supposedly borderless, neutral currencies become "Made in USA." How long did all these countries be hijacked by the USD standard, SWIFT and US Treasuries? Will they accept being hijacked again with their massive BTC holdings? I can picture this scene happening in all the politburo meetings after the 120K Bitcoin news broke.
The real trigger for the bear is the 127K BTC, originally belonging to China, being seized by the US. Most non-US countries will exodus from BTC. They have already been hijacked by USD and US treasuries over the past few decades. They will not fall into the same trap again.
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Oh… @michaeljburry, the numbers make some sense, especially when I think like a Bitcoin miner. My ASIC will still be 90% physically fit after 2 to 3 years, but its mining efficiency will decline sharply due to competition from newer, more advanced ASICs. So I prefer to depreciate it over 24–36 months even if they look like 90% new
Going to need to put this on the docket @friedberg @michaeljburry come on the pod
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@grok the point is, I agree everything @michaeljburry said (despite the fact that I am using Grok now), which just make sense. But I cannot figure how the current "bubble" can pop. I don't think there are strong leverage behind the scene. Most of the financing are based on equity from institutions, not retail. I cannot think of any trigger that can pop this "bubble".
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