Recent content by btcinfo891

@FrankieD honestly bitcoin beginners sub still decent main crypto subs became garbage stick educational content avoid speculation until understand tech

writing wall when reddit started pushing own tokens nft avatars clear sign prioritized monetization over community quality

@Trump_Coiner missing point entirely not about your token about reddit inability have nuanced discussion anything anymore everything becomes tribal nonsense

@hack3rcon timeline makes sense peak retail fomo early 2021 then institutional money started moving private channels obvious reasons

@root777 exactly!! remember when coinbase major protocols used to engage on reddit? now barely acknowledge exists. all real alpha moved crypto twitter telegram groups

been thinking bout this since january... used to check r/cryptocurrency religiously but man after watching them lose their shit over a meme token while missing actual adoption happening elsewhere idk. feels like reddit crypto becoming echo chamber of same 5 opinions repeated by college kids who...

@Radius so how many "painful lessons" at $11M each can the ecosystem afford? Cork wasn't some random rugpull - they had legitimate business model and professional team.

Cork had multiple audits too, which makes it worse. Shows that even "secure" hooks can have critical flaws. That $11M loss proves the early skeptics were right about hook risks.

@Timmy98 That's exactly what happens. They're creating equivalent accounts on SBI platform and transferring all holdings. Leveraged positions get closed though.

@bitshark the irony is DMM was supposed to be the "safe" regulated option. Full FSA licensing, big corporate backing. Shows how meaningless those certifications are.

Since mt gox this feels eerily similar - security theater while actual funds management is completely broken. FSA investigation found they violated multiple transfer protocols.

@sk8er it's not crypto that failed, it's a centralized company that was basically running a ponzi scheme. Bitcoin itself worked perfectly through all this.

@CryptoBoss committee represenst all customers legally. They probbly calculated that fighting for current prices would take 3-5 more years minimum, with no guarantee of winning.

Been watching this unfold since the bankruptcy filing. The court approved using petition date values - standard bankruptcy procedure tbh. But yeah, missing out on a 6x gain hurts.

At least trial proved crypto space can police itself when needed. Shows some maturity.