Crypto 360°

Thursday, 5 January 2023

Chronological list of Resources to Learn Blockchain from Complete Beginner to Advanced Level

submitted by /u/thecodeverse
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source https://www.reddit.com/r/btc/comments/103a8xr/chronological_list_of_resources_to_learn/

Wednesday, 4 January 2023

Despite 2022 having the worst financial conditions since 2008, politicians, on average, not only significantly outperformed the S&P500 but MADE a profit. This is why we need decentralization. This is why we need Bitcoin.

submitted by /u/RealWSBChairman
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source https://www.reddit.com/r/btc/comments/102lsjd/despite_2022_having_the_worst_financial/

“Give me Liberty, or give me death!” -#Bitcoin HODLers

submitted by /u/kevinrb13
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BitcoinCash Till The End

submitted by /u/Nabzzzzz00
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source https://www.reddit.com/r/btc/comments/102kn5y/bitcoincash_till_the_end/

Once Genesis lost 1.1 Billion in July 2022, The Digital currency group borrowed as much as possible using their insolvent subsidiary and hail mary’d all user funds on massive crypto gambles. Anyone who lent after July 2022 was scammed since Genesis was already completely insolvent from then onward.

In July 2022 Three arrows capital went bankrupt and with that Genesis lost 1.1 Billion dollars and therefore was unable to meet their liabilities to borrowers. Genesis became insolvent as of that date.

Source: https://www.coindesk.com/business/2022/07/01/three-arrows-capital-files-for-bankruptcy-in-new-york-tied-to-british-virgin-islands-proceeding/

DCG issued a piece of paper stating that in June 2032 they will supply $1.1 Billion dollars and repay borrowers. So Genesis is still insolvent with a promise on a piece of paper that if DCG wins billions in the lottery in 10 years, borrowers may get repaid. If not its just a piece of paper with the number $1.1 Billion written on it and DCG will just default on their IOU.

Source: https://twitter.com/TradFiWhale/status/1595235832297914369/photo/1

The issue is that even though Genesis was insolvent, they used this piece of paper with the numbers $1.1 Billion on it to continue taking loans from new lenders despite being completely insolvent.

Genesis took 575M of user funds and lent real money to their parent company DCG (unlike the fake 10 year IOU they received), who took this money straight to the casino and gambled it all on crypto. If they win their gamble, they repay, if they lose they just go bankrupt. No downside for DCG , just an upside with other peoples’ money.

So in effect a completely bankrupt company with 1.1B of debts that they cannot repay, managed to scam an additional 575M of funds and give it to their parent company, so they could gamble it all on insanely high risk gambles that will multiply their money or lose everything.

All new lenders since july 2022 were scammed since Genesis was missing 1.1B. They then gave away an additional 575M as a long term loan to their parent company. So now 1.675B is missing, as if the original 1.1B since july wasnt bad enough. This was an intentional scam similar to the FTX scam where they took all user funds, wrote an IOU backed by FTT and then gambled it all away. In this case the IOU isnt even backed by anything at all , its just a piece of paper that was used to stall so Genesis could get more new loans.

submitted by /u/FearlessEggplant3036
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source https://www.reddit.com/r/btc/comments/102hws6/once_genesis_lost_11_billion_in_july_2022_the/

Bitcoin Dev's Bitcoin Stolen?

submitted by /u/Bitcoin_Maximalist
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Environmentalist Outlines Bitcoin’s Road to Becoming Carbon Neutral

submitted by /u/Glass_Pace_2200
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source https://www.reddit.com/r/btc/comments/102gkqw/environmentalist_outlines_bitcoins_road_to/

Tuesday, 3 January 2023

Get Ready! Last Chance to Buy Ethereum Before it Explodes!

submitted by /u/Iswearitwasntme01
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source https://www.reddit.com/r/btc/comments/101oomo/get_ready_last_chance_to_buy_ethereum_before_it/

Tomorrow marks the 14th birthday of BTC. Why block 770k and not 736k though?

Bitcoin was started on Jan 3rd 2009. It's been running for 5114 days tomorrow or 7,364,160 minutes.

Why is the block height at 770074 rather than around 736416 though, when the difficulty adjustment every 2016 blocks changes the difficulty in a way to have 1 block produced per 10 minutes on average?

submitted by /u/etmetm
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