CEO

WeBet_WallStreet

I have no clue why they are at the bottom of threads usually. Well, i guess maybe i do. They all aren't that smart usually. Ppl like to bandstand and soap box anout anything they think or hear being talked about. And they are never wrong ever cant be its impossible. So 90% or ppl ignore logical thinking because wither ego pride ignorance or form or autistic narcissism. Not the good smart kind, tho like, CEO narcissists. They basics are usually too dumb to utilize that kinda of power they hust get they shitty tendencies and side effects like self absorbing, childishly pandering anything or one not even knowing why or getting anything from it. Just given everyone that's a normal person a good laugh. 🤣 I saw some really dume things mentioned and suggested in the feed. Some really smart, we'll thought out stratagies, hardly few tho. Then i hust fast scroll to the bottom and see probably the most sensible segestion. If not exactly that way, then some similar contingency plan for sure seems by far the most secure. Either ways your method 💯 Just blows my mind that this doesn't get up voted even downvoted sometimes. Yet stuff comments like "keep it on a piece of paper in you shoe" or "bury a flash drive in the ground." (as if itwon'tt corrode and be litterally disintegrated and wort less than zero since now you're out and extra 50$ for some 'encrypted' flash drive)

CointestMod

#Dogecoin Pro-Arguments Below is a Dogecoin pro-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # PRO's > > **One of the OG Coins** > > * Doge was the first meme coin to appear on the crypto market, having been created in late 2013. Despite thousands of new meme coins attempting to dethrone it, it remains in the top ten cryptocurrencies in terms of market capitalization almost 9 years later. The number of supporters it has amassed since its inception is no small feat, and it has even increased during the most recent bull run. Doge has come a long way since being labeled as just a joke and now become more of the household names in Crypto. In terms of market time, Doge clearly has the upper hand. > > **Transaction Fees and Block Time** > > * The most recent average transaction fee for Dogecoin is 0.768 DOGE or $0.046 with a block time of approximately 1 minute. These are the metrics that define an ideal cryptocurrency for transactional purposes. In comparison to BTC and ETH, which have transaction fees of 0.000045 BTC or $0.875 and 0.0023 ETH or $3.13, respectively, and average block times of around 10 minutes and 0.2 minutes. If a user wants to make a transfer, Dogecoin is one of the better options because it has less expensive transaction fees and has faster block times than most cryptocurrencies. > > **Day-Trader's Paradise** > > * Dogecoin is a haven for day traders due to its volatility on multiple exchanges and hundreds of pairs. Although the cryptocurrency market is volatile in general, Dogecoin has the advantage of being an older coin than most meme coins, allowing for a more secure network, a high transaction rate, and extreme price fluctuations. Traders will be able to trade doge on a daily basis without having to worry about blackouts or network congestions (except when the exchange itself is pausing transactions, etc.) > > **Community Owned** > > * Dogecoin has a strong community, with 2.3 million Reddit users, 3.4 million Twitter followers, and 30K Discord users. Dogecoin has come a long way from being referred to as "a joke" to being considered a reputable coin in the top ten cryptocurrencies. You can find their announcements, trail map, FAQs, guides, advisories, and dev blogs on their website (which is clean and very meme-like in its own way). They also have notable advisors on board, including Elon Musk's (Legal and Finance) representative and Vitalik Buterin. The Doge community, through the Doge Foundation, also participated in numerous fundraisers and other charitable acts, demonstrating a more positive side of the otherwise vilified crypto communities labeled as "greedy" or "degenerates." > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://bitinfocharts.com/comparison/tweets-btc-eth-doge.html#3m*](https://bitinfocharts.com/comparison/transactionfees-doge-dogecoin.html#3y) > > [*https://github.com/dogecoin/dogecoin/blob/master/COPYING*](https://github.com/dogecoin/dogecoin/blob/master/COPYING) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3091219*](https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3091219) > > [*https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/*](https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/) > > [*https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html*](https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html) > > [*https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654*](https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654) > > [*https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565*](https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by Blendzi0r. > *First published on:* [*30.09.2021*](https://np.reddit.com/r/CryptoCurrency/comments/og1sms/rcryptocurrency_cointest_top_10_category_tether/hewuzi9/) > > *Last edited on: no edits* > > # Intro > > Tether (USDT) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDT is currently the most popular stablecoin. \[1\], \[2\], \[3\] > > # Cons > > **It’s centralized** > > Tether is centralized. Tether Limited (controlled by the owners of Bitfinex) is responsible for issuing USDT \[1\]. Tether Limited is free to issue and freeze all USDT. When PolyNetwork was famously hacked in August 2021, all of the USDT that hacker stole was frozen and then returned to the victim. There were other such examples in the past (e.g. when KuCoin was hacked in 2020). > > As much as the above examples are positive, nothing stops Tether from being less ethical in the future. Especially taken into consideration their shady history. Not to mention that centralization is against one of the core principles of cryptocurrencies. > > **The company lied on several occasions** > > Tether always claimed that they and Bitfinex are two completely separate entities and denied all the speculations that they are the same. In November 2017, “The Paradise Papers” revealed Bitfinex and Tether are indeed run by the same people. \[4\] > > Until February 2019, Tether claimed to be backed by the US dollar on a one-to-one basis: “Every tether is always backed 1-to-1, by traditional currency held in our reserves.” – read their website. The text was then changed to: “Every tether is always 100% backed by our reserves (…) and, from time to time, may include other assets (…). > > However, in April 2019, Tether’s general counsel admitted that the stablecoin can back only around 74% of its supply in circulation \[5\]. It was also reported by the New York Attorney General that at some point in time Tether didn’t even have access to banking services. Therefore, Tether lied about its backing. \[6\] > > Tether promised to share reports from independent auditors on their reserves. They haven’t done so until **forced** by a court order in 2021. And even then they couldn’t stop themselves from misleading the public. In a tweet from Paolo Ardoino, Tether’s CTO, he stated that they share the report because “community asked for it." \[7\] > > **There are some shady people behind it…** > > The most important people at Tether are surrounded by many controversies: > > Jan Ludovicus (or Jean Louis) **van der Velde**, Tether’s CEO, is a ghost. There’s barely any information about him \[4\]. This is rather concerning when you take into consideration he’s a CEO of a multi-billion company. > > **Giancarlo Devasini**, Tether’s CFO, boasts he built companies that generated 100 million euro in revenue but documents show it was almost 10 times less. He was sued by Microsoft for pirating their software and by Toshiba for infringing its DVD-related patents. And these are just a few examples of Devasini’s questionable doings and statements. \[6\] > > **Phil Potter**, CEO of Bitfinex (Bitfinex is the only partner of Tether. And it’s a company that actually controls Tether. So the only partner of Tether is a company that… controls it), was fired from Morgan Stanley in the 90’s after he bragged about his lavish lifestyle in an interview for The New York Times. \[8\] > > Letitia James, the New York attorney-general, called those people “unlicensed and unregulated individuals (…) dealing in the darkest corners of the financial system." \[6\] > > **…against whom criminal charges might be filed** > > US Justice Department that is investigating Tether and in July 2021 it reported that it is now considering whether it should file criminal charges against Tether executives. The charges might be based on the assumption that Tether lied about its business when it was opening bank accounts all over the world. \[9\] ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

HurricaneHarvey7

Nvidia CEO has said that proof of work is a waste unfortunately

Apprehensive_Sun7382

Bro. Propy has been around since the 2017 ico days. The CEO goes around giving talks on social issues. Not going to happen.

Flying-HotPot

How is Bitcoin more risky than any other asset on a medium to long term basis (4+ years)? It’s only risky for (over leveraged) short term traders because it is volatile. Volatility doesn’t equal risk. It’s the only asset with almost no counter party risk if you self custody. It is pure monetary value with no utility risk, no debasement, no political risk, transparent issuance rate and schedule, no CEO, no central control. All those things are counterparty risks you have to deal with for any other asset class. Who has the time to be an investment expert after 8-10 hours of work? Bitcoin is the superior savings technology and store of value available for anyone, not just for those who are sophisticated investors. Pick any point in time in the past 15 years, even at all the ATHs. Buy 10k USD worth of Bitcoin and calculate the performance after 4+ years. Do the same with Gold, any stocks, bond or specific real estate and you will be surprised. Increasing adoption means more user, higher network effects, higher demand which means price increase, which will lead to a higher market cap. Higher market cap means a lot more money is required to move the price in any direction, thus less volatility.

uncapchad

came here to ask the same. Seems every other day financial institutions are getting piddly fines for robbing customers, facilitating human/drug trafficking, terrorism etc. Hardly even makes the news most of the time and not one CEO or anyone else in these organisations ever goes to prison. At worst, some company sap gets a few months' house arrest with an ankle tag and full internet access. Never to we see politicians leaping up and down, frothing at the mouth, writing half-assed papers on the tremendous dangers of fiat to national security either, yet the cite the same crimes as a reason to kill all crypto dead. And we are the crazy ones

crypto_phantom

You should ask the Bitcoin CEO to hold off on the pump.

debtfreegoal

Is their CEO going to get jail time? Or does that just happen to CrytoDudes??

JanPB

Firmware which is not open source is a concern which is *far* from being overblown if your life savings are at stake. Think for a second what it means: it means that the correctness of the firmware is only up to their employees. How many people is that? Five? Thirty? That's *nowhere near enough.* And on top of that their competence track record is uninspiring: 1. Their customer database was hacked. 2. Then it turned out they did not erase that data (like, say, Trezor), they keep it for... Who knows how long? And we are not talking any cutting edge technology here, just a stoopid database! You'd trust this company with their closed source firmware? More power to you but I wouldn't. NO WAY. 3. Recently we found out that Ledger allows exporting the seed (which something they had denied in the past - correct me if I'm wrong on this one). 4. Last but not least: the company has never apologised for any of this which to me speaks *volumes* about an infantile company culture there and an arrogant, dumb, CEO. As far as I'm concerned they are def. good enough to sell educational toys but not a tool to entrust one's livelihood to. Sorry. They made their choices, good luck.

Tasty_Action5073

Telegrams CEO is an avid Bitcoiner btw.

coinfeeds-bot

tldr; The DOJ has charged three former executives of the bankrupt crypto firm Cred for their roles in a fraud and money laundering scheme causing customer losses of over $783 million. The accused are former CEO Daniel Schatt, CFO Joseph Podulka, and CCO James Alexander. They allegedly made false claims about Cred's financial practices and solvency, leading to charges including conspiracy, wire fraud, and money laundering. The case is ongoing in the Northern District of California. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Vakua_Lupo

I checked with the CEO, he’s not too sure which way the Mari will turn? If you sell now you will definitely make a profit, but will you kick yourself if the price keeps going higher? Only you can decide what is best for you.

brianddk

IMHO, CB will comply with any possible request from any bureaucrat in authority. If the county librarian wrote them a letter saying you owed $0.74 in late fees, I'd fully expect CB to lock your account. CZ and Samouri wallet devs are in prison for standing on principle that the Orwellian regulation framework of the Southern District of NY is illegal. CB CEO Armstrong is not in prison because he instructs the company to lock every account that the regulators hint at being problematic. Armstrong will win, and the principled devs will lose. SCOTUS has no plans to wade into this stuff.

johnnyb0083

Get the CEO on the line we have to reduce the supply!

AndreiC-VA-M

That's right I don't say no. But did you de Nokia CEO opinion on iPhone 15 years ago? Or 2008, the tech bouble în the '99? They make bets too and have engof money to be right must of the time :)

ResponsibilitySea327

First of all you are missing some key understandings of money. Debt denominated in Bitcoin is a recipe for disaster. See 2021 for factual examples (crypto repayment loans are difficult in both falling and rising markets). Just take a out a Bitcoin denominated mortgage at a nominal interest rate and the explain how you plan to make payments in 10, 15, or 30 years... unless you think BTC will be valued less in 30 years. Whales do not add blocks. They own, buy and sell BTC. They own the asset. They own an outsized percentage that, should world economies be dependent on BTC, where they could control, manipulate and crash the economies of nations. Saylor will sell at some point, or the next MSTR CEO. Or if he passes, his offspring. Or the same could be said of Grayscale, which until this year had BTC ocked in a trust. A BTC that was unsellable. And while the ETFs that Grayscale pushed for ultimately raised the market, it also resulted in a the trust being revoked and the BTC being sold. All of which distorted the market. A market in your view that nations and companies would have to figure how to mitigate the resulting damage. It could be any whale. Your concept of dividing BTC is also nonsensical. The division doesn't change the value. It is only a unit of measurement. A decimal place. Competition is still the biggest risk since it is finite. Anything that countries must rely on that is finite they must compete for. It is the very definition of finite resources. Again, you wouldnt be competing for talent, brain power, technology, or collective work output. But who has the biggest military to monopolize BTC production (which is diminishijg returns anyhow) or steal it from someone who already owns it. (gold historical testament to both). It is absolutely, 100% self-determination for nations to manage their own inflation, economic goals, raise capital for growth, wars, services, and balance trade. You can even see where the Euro has struggled and ultimately disenfranchised nations ability to have their own fiscal policies.

MillionaireByTrade

Manufactured as in BlackRock had Barry Silbert step down as CEO of Grayscale. They put an ex JP Morgan executive in as CEO. They kept the fees 7.5x what the other etfs kept theirs. Now they are down hundreds of thousands of bitcoin. What's the point in collecting big fees on a small amount of bitcoin?

coinfeeds-bot

tldr; Nas Daily, a video producer, featured Binance CEO Changpeng Zhao and FTX founder Sam Bankman-Fried in videos. Zhao admitted to violating U.S. anti-money laundering laws, resulting in a $4.3 billion fine for Binance. Amidst controversy, Nas Daily removed the video of Bankman-Fried following his company's bankruptcy speculations. Despite these issues, experts predict positive developments for the cryptocurrency industry, including a potential bull run and ETF approvals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by Blendzi0r. > *First published on:* [*30.09.2021*](https://np.reddit.com/r/CryptoCurrency/comments/og1sms/rcryptocurrency_cointest_top_10_category_tether/hewuzi9/) > > *Last edited on: no edits* > > # Intro > > Tether (USDT) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDT is currently the most popular stablecoin. \[1\], \[2\], \[3\] > > # Cons > > **It’s centralized** > > Tether is centralized. Tether Limited (controlled by the owners of Bitfinex) is responsible for issuing USDT \[1\]. Tether Limited is free to issue and freeze all USDT. When PolyNetwork was famously hacked in August 2021, all of the USDT that hacker stole was frozen and then returned to the victim. There were other such examples in the past (e.g. when KuCoin was hacked in 2020). > > As much as the above examples are positive, nothing stops Tether from being less ethical in the future. Especially taken into consideration their shady history. Not to mention that centralization is against one of the core principles of cryptocurrencies. > > **The company lied on several occasions** > > Tether always claimed that they and Bitfinex are two completely separate entities and denied all the speculations that they are the same. In November 2017, “The Paradise Papers” revealed Bitfinex and Tether are indeed run by the same people. \[4\] > > Until February 2019, Tether claimed to be backed by the US dollar on a one-to-one basis: “Every tether is always backed 1-to-1, by traditional currency held in our reserves.” – read their website. The text was then changed to: “Every tether is always 100% backed by our reserves (…) and, from time to time, may include other assets (…). > > However, in April 2019, Tether’s general counsel admitted that the stablecoin can back only around 74% of its supply in circulation \[5\]. It was also reported by the New York Attorney General that at some point in time Tether didn’t even have access to banking services. Therefore, Tether lied about its backing. \[6\] > > Tether promised to share reports from independent auditors on their reserves. They haven’t done so until **forced** by a court order in 2021. And even then they couldn’t stop themselves from misleading the public. In a tweet from Paolo Ardoino, Tether’s CTO, he stated that they share the report because “community asked for it." \[7\] > > **There are some shady people behind it…** > > The most important people at Tether are surrounded by many controversies: > > Jan Ludovicus (or Jean Louis) **van der Velde**, Tether’s CEO, is a ghost. There’s barely any information about him \[4\]. This is rather concerning when you take into consideration he’s a CEO of a multi-billion company. > > **Giancarlo Devasini**, Tether’s CFO, boasts he built companies that generated 100 million euro in revenue but documents show it was almost 10 times less. He was sued by Microsoft for pirating their software and by Toshiba for infringing its DVD-related patents. And these are just a few examples of Devasini’s questionable doings and statements. \[6\] > > **Phil Potter**, CEO of Bitfinex (Bitfinex is the only partner of Tether. And it’s a company that actually controls Tether. So the only partner of Tether is a company that… controls it), was fired from Morgan Stanley in the 90’s after he bragged about his lavish lifestyle in an interview for The New York Times. \[8\] > > Letitia James, the New York attorney-general, called those people “unlicensed and unregulated individuals (…) dealing in the darkest corners of the financial system." \[6\] > > **…against whom criminal charges might be filed** > > US Justice Department that is investigating Tether and in July 2021 it reported that it is now considering whether it should file criminal charges against Tether executives. The charges might be based on the assumption that Tether lied about its business when it was opening bank accounts all over the world. \[9\] ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

coinfeeds-bot

tldr; Michael Saylor, CEO of MicroStrategy, praised Bitcoin as the superior cryptocurrency, emphasizing its unique position as the best asset for capital appreciation in an inflationary environment. During his keynote at 'MicroStrategy World: Bitcoin for Corporations,' Saylor highlighted Bitcoin's proof-of-work-based consensus as a key differentiator from altcoins. He also noted the uncertain future of Ether ETFs compared to Bitcoin ETFs, reinforcing Bitcoin's status as a non-security commodity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mikeyg321

The CEO who holds 215k BTC?! Shocked Pikachu face

coojw

You don't need to sell btc. Hold it forever. (But, but, how do you get your value out of it) Glad you asked. BTC is money. And its the Alpha asset. From a theoretic standpoint, you never want to sell the best asset on earth. Ever, you hold it and it keeps bringing you value. From a functional standpoint, you can use your btc like ceo's use stocks to extract value. You leverage small amounts of it as you build your wealth and you live off of that. You should shoot for 5% to 15% leverage of your stack to support your lifestyle. Look at how much it costs for you to live. Is it $100K per year? What 5%, 10%, or 15% of what number equals $100K? 2Mil for 5% / 1M for 10% / 666k for 15%. So if you use bitcoin as a savings, it will grow over the long term both as you add to it and as it appreciates. What you put in there will grow substantially by the end of this bull cycle, and by the end of next bull cycle 4 years from now, it will be much more. By that time, traditional finance will likely have the tools in place to allow leverage against your BTC, and you can start employing your strategy. If you are a degen, DEFI already has borrowing against your BTC available via smart contracts. This strategy is what CEO's and the wealth use to leverage their assets but never sell them. This topic is covered at length in many places, you can look it up by searching "Buy, borrow, die" strategy. Or watch this clip of Michael Saylor talking about it: [https://youtu.be/QXh\_8uZQ-gA?si=nR5olDl1zNdv8s0s&t=373](https://youtu.be/QXh_8uZQ-gA?si=nR5olDl1zNdv8s0s&t=373)

cubeeless

The CEO of bitcoin would like to have word with you.

porpoisebuilt2

Kinda, BlackRock do not have citizens as their priority, in fact the CEO doesn’t even like democracy- he says it’s messy as they get the contract to clean up Ukraine

surfnsets

Oh the “experts”…yeah sure ok. I’ok wait to hear from the Bitcoin CEO first.

bff_T_fishbine

He's the CEO who took his company from a side note in a consolidating industry to the SP500. And not one other business leader had the insight or the balls to do what he did. In fact, his phenotype is what CEOs sell when they're demanding multi-mm salaries but I haven't seen any of them deliver. If he's a clown, I'll take that clown any day over any other contemporary business leader you can name right now.

Captain_Usopp

I only listen to Bitcoin CEO in articles like this

rjm101

Nope but neither do crypto exchanges and crypto exchanges aren't just at risk to hackers but rather the people running it too. Last bear cycle proved that CEO's can be a bigger risk than hackers.

neen209

CAW…it’s getting a lot of attention for a new meme coin. CEO of CDC even tweeted about it the other day. It’s up like 500% on the week tho so idk if it’s gonna pull back or not

FeelingsSanderein

Bitcoin CEO decreasing prices again.

Educational-Bug-1247

I'm the CEO of Google and clearly it solves all the things. What a tool...

jeff_varszegi

> teat-of-death According to the Bitcoin CEO, things are going to suckle for a little bit

JustStopppingBye

This is the CEO of chainlink. Eric schimdt (ex-google ceo) is also an advisor for chainlink. [https://twitter.com/SergeyNazarov/status/1630728019953307650](https://twitter.com/SergeyNazarov/status/1630728019953307650)

gamma_convexity

Well, It's unfortunate but Bybit is an absolute scam exchange and the CEO *Ben* Zhou  should be behind prison for defrauding customers. They literally stole money from my account.

mgziller

I get a nice bonus in August. Can Bitcoin CEO keep price this low til then? I would like to buy more. Thanks!

Yung-Split

Yeah bitcoin CEO is contemplating major changes to the protocol. It has investors nervous.

ShouldHaveBoughtGME

They do, happened in Sweden. The biggest bank (Swedbank) was secretely collaborating in money laundering involving the mafia in Latvia. Several other banks was involved as well. How was the bank affected? The CEO was replaced and left with a parachute wage of 2M dollars. How did it affect the customers? Anti laundering laws which makes it almost impossible to move your savings. Big transactions has to go through the bank and they can deny you, if they label it as suspicious they can lock your account etc.

superbiondo

What a gift the Bitcoin CEO has given us. Take advantage.

BlindGuyMcSqeazy

Bitcoin CEO said 15:00 sharp. I believe him.

UpLeftUp

What good news? The US arresting a foreign citizen (Roger Ver), overseas, for tax fraud is not a common occurance. It was obviously influenced by the fact that he was involved in crypto. And it shows the US administrations war against crypto isn't going away. The US actually imprisoning another foreign citizen (Changpeng Zhou), on some weak 'banking secrecy law violation' when he was CEO of a crypto exchange, with the judge even saying that there was no evidence he actually knew the exchange was violating the law. While rapists are being let off with community service. And having the co-founders of Samarai wallet arrested for money laundering. All in a week. Can there be any clearer message that the US is going after crypto and the people behind it. Add to all this, the fact that for 5 consecutive days, the most reputable ETF flow publisher has reported $0 net flows for Blackrock's ETF.... Which is highly irregular and suspicious.. Makes perfect sense people are scared. Whats the good news to offset that? That after halving bitcoin goes up ? Actually, it usually goes down, and takes a few months before it goes up.... Also, every May bitcoin usually ends up lower than it started the month.

NAOM2035

They've basically iced me out. Phone or chat basically just gives me generic answers and passes the buck. Emails continue to go unanswered. I even managed to email the CEO and got a reply, which he said he was on a flight and he would relay the email to someone who could help. That person reached out and asked for the email address that was associated with my account, which I gave, and then have not heard back from her either. It's this kind of behavior where there's no communication and no reason given for why it should take 42 days to get my funds back that makes them look very scammy

Android80631

Take it up with the CEO

darioxtc

Just file a complaint to the support dept., maybe you can reach the CEO himself.

Vakua_Lupo

Bitcoin CEO is looking into it.

coolestyouthpastor

"I'm Roger Ver, longtime bitcoin advocate and investor. Today I'm at the MtGox world headquarters in Tokyo, Japan. I had a nice chat with MtGox CEO Mark Karpeles about their current situation. He showed me multiple bank statements as well as letters from banks and lawyers. I'm sure that all the current withdrawal problems of MtGox are being caused by the traditional banking system, not because of a lack of liquidity at MtGox. The traditional banking partners that MtGox needs to work with are not able to keep up with the demands of the growing bitcoin economy. The dozens of people that make up the MtGox team are hard at work establishing additional banking partners that eventually will make dealing with MtGox easier for all their customers around the world..." - Roger Ver said as people were not able to withdraw their bitcoin from MtGox right before it collapsed. This is the video that Roger Ver posted right before MtGox collapsed. https://www.youtube.com/watch?v=UP1YsMlrfF0

NAOM2035

They wouldn't let me send my btc that I had bought over 3 weeks ago and the funds had settled for. That's what kicked the whole thing off. The same could happen to you after your next buy and with any holdings you currently have that are awaiting settlement. I've contacted them several times with no reply. Even emailed the CEO, which he passed the buck to someone else, who then also didn't reply.

I__G

The name of the Bitcoin CEO

c0mbucha

Binance needs funds too quick since their CEO is now in jail /s

C-Class_hero_Satoru

Let's wait for second quarter report from Bitcoin CEO then

SezitLykItiz

Jamie Dimon wants to be the Bitcoin CEO.

AcceptingSideQuests

He was on the board of directors. He was trying to not pay back Genesis (a subsidiary he created and took out a loan of over $1.2 billion dollars from at a whopping 1% interest rate). Genesis approached Gemini and created the pitch for the Gemini Earn product. The deal looked good for everyone, at the time but behind the scenes the financials were being played with and lied about to the Winklevoss twins at Gemini. Ultimately, Barry had power to influence his delegated boards at Genesis and Grayscale. Only facing significant criminal fraud charges did the Genesis CEO backdown and sell out Barry (it was the right thing to do but at significant personal risk of harm and financial ruin but he was already there so going to prison wasn’t gonna happen). Turns out the Genesis CEO authorized the loan to Barry at Grayscale (the parent company) and the terms. When FTX fell apparent, Barry’s play was to play back Gemini for pennies and the Twins were like “Major fuck you Barry.” That table flip resulted in a lawsuit spanning 2 years (it’s still ongoing). Throughout that process we’ve learned Barry and Grayscale NEVER made required payments on their loan to Genesis because he was hoping that ship would just sink in the bankruptcy and then effectively the telephone line of money owed would be cut, which would royally fuck over Gemini and Gemini Earn victims due to Barry’s greed. As another update, Barry was kicked off the board at Grayscale in lieu of these events, it wasn’t by coincidence. It’s another attempt by Grayscale to distance themselves legally from Barry even though we all know full well the board of directors under Barry’s rule had a direct hand in voting on all these decisions, if the formal votes ever actually happened per the correct process and procedures required by law. Ultimately, this whole debacle honestly makes me appreciate the Winklevoss twins who historically have been painted as the greedy guys due to the Facebook lawsuit. The amount of effort they’ve put in to save their company, Gemini, and get the money back to their users is commendable because they could have opted to do nothing which would’ve had its own challenges but they didn’t do that. I hope history is more kind to them. Other than that, Barry is an all around bad person. He alone was responsible for mass manipulation of the crypto markets during the last major bull run. He made a killing and then rug pulled, taking to Twitter to brag with “Welcome to crypto.” I’m looking forward to the Netflix documentary on all of the above. It’s wild.

darioxtc

File a complaint to Bitcoin CEO.

TexasBoyz-713

I’ve reached out to the CEO about this, currently waiting on a reply

TheQuietOutsider

not long now, til he becomes the CEO...

c0mbucha

> without reason Thats a bit over simplified. There was recently more talk of a stagflation in the US (which essentially would lead to more people losing their jobs, less capital going around etc). And today we also have the Binance CEO sentencing so if the CEO of the largest crypto exchange gets in jail thats quite huge. Tho necessarily not just in a bad way as it might lead to more discussions and news about crypto as a whole and will help find legit pathways for crypto in the future.

neen209

That would be incredible! I do believe this project is going to have some serious hype… When has the CEO of CDC ever tweeted about another meme coin?

neen209

It’s just cool to see it grow. Sorry if I’m excited. I never invest in meme coins because I’m not an active trader. I invested in crow with knife honestly because I liked the logo/name. But after doing research, I realized: It’s the top meme coin built on CRO CDC owns 30% of it (CEO just made a Twitter post about CAW today) And it’s a cool community. Over 10k holders already. So, I just feel like it has potential

Yodel_And_Hodl_Mode

I'm glad you asked. Ledger can't be trusted. Here's a summary, with links to cite sources. 1: Ledger's word can't be trusted. The following was a lie: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) ...that's a lie because they added key extraction firmware to users devices. 2: Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove it because their code is closed source. 3: Ledger can't be trusted with your privacy. Their CEO said so: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) ...Ledger's CEO said that about Ledger Recover. "For sure." 4: Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) ...they can't even keep *their* data secure. Don't trust them with your coins. 5: Ledger's code has been hacked too. > A Ledger employee just got phished. DeFi users lost over $600k > Ledger confirmed the attack was the result of a hacker compromising one of its employees via a phishing attack. After gaining access to Ledger’s internal systems, the hacker planted malicious software within the Ledger Connect Kit. > SOURCE: [DLnews, December 14th, 2023](https://www.dlnews.com/articles/defi/a-ledger-employee-got-phished-defi-users-lost-thousands/) 6: Ledger's been hacked multiple times, and yet... > "The bombshell here is the explicit confirmation that Ledger themselves hold the master decryption key for all Ledger Recover users." > SOURCE: [@sethforprivacy](https://twitter.com/sethforprivacy/status/1671532787294191618) ...what could possibly go wrong, eh? Yikes. 7: Ledger Live tracks everything you do and the coins you have: > "Ledger Live is phoning out data on assets you hold in your hardware wallet the moment you access Ledger Live. It’s also sending out tons of other information about your computer and device." > The app apparently transmits data to an external endpoint at “https://api.segment.io/v1/t”, identified as an outsourced data collection service. > SOURCE: [BitcoinNews.com](https://bitcoinnews.com/ledger-live-app-accused-of-collecting-user-data/) 8: Ledger lies are even on the boxes for their hardware. > "WE ARE OPEN SOURCE" > SOURCE: [Their own packaging.](https://i.redd.it/dysdk6j9516b1.jpg) The box for Ledger hardware running closed-source firmware says Open Source. That's intentionally misleading if not outright fraud. 9: Ledger refuses to answer questions. They're [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. They're [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. They're [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years. **The worst part is, this is only a partial list!** For example: [Ledger was still promoting FTX after FTX collapsed.](https://np.reddit.com/r/ledgerwallet/comments/z5rxw8/deleted_by_user/ixy5uc0/) I could go on and on. Ledger is inept. Ledger is dirty. Ledger Can't Be Trusted.

No-Negotiation3156

just to share a perspective from a geopolitical standpoint -- imagine you are the CEO running a company named "China", there are two industries that demand the supply of high-end chips and GPUs (along with industrial electricity): (1) crypto mining; (2) AI. and now there's another competitor/top company called "America" that has been limiting the supply of high-end chips and GPUs to your company, which industry would you, as the CEO of the company, prioritize that would benefit your company in the long run?

TexasBoyz-713

Alright guys, why has Bitcoin not 1000x’ed my portfolio?? It’s been nearly 10 days since the halving and I’m not seeing daily double digit % gains?!??! **What does the CEO have to say about all this?????!**

irisuniverse

Bitcoin CEO has been briefed and we await his next decision.

coinfeeds-bot

tldr; Yuga Labs, the creator of BAYC and MAYC, announced a restructuring that includes layoffs. CEO Greg Solano, who recently returned to lead the company, stated that Yuga Labs had lost its creative focus due to bureaucratic growth. The company, valued at $4 billion, aims to refocus on fewer projects but execute them brilliantly. This is part of a broader shift towards gaming and metaverse developments, moving away from a primary focus on NFTs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

capturendestroy

You should write a sternly worded letter to the CEO of Bitcoin and let him know that you're really disappointed in Bitcoin's performance.

eyedude2898

Sounds like your buddy has some connections with the Bitcoin CEO and earnings are going to come in below expectations. Better sell now before they have to file for bankruptcy.

neen209

CAW got a big community. The CEO of Crypto.con just tweeted a shout out to Crow With Knife

neen209

CAW pumping!! I wonder if it’s because Crypto.com CEO tweeted about Crow With Knife? Regardless, I believe it will be the next top meme coin. Idk if it will break last Pepe, dogwifhat, but I do believe it will be top 50

shaydee313

I like how their CEO thinks, great discussion!

Karanmrmrmr

He’s not the creator of Gmail, google’s current CEO is lol

fukbullsandbears

Why doesn't the CEO of bitcoin pump the coin?

coinfeeds-bot

tldr; Yuga Labs, the creator of Bored Ape Yacht Club, announced a restructuring initiative including layoffs as part of efforts to refocus the company. CEO Greg Solano admitted the company had 'lost its way' and emphasized the need for a smaller, more agile team. The restructuring follows rapid expansion and challenges, including a significant drop in NFT prices and criticism of their metaverse game, Otherside. Solano plans to return to a lean operation focusing on quick, impactful projects. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Nickovskii

Oke Frank calm down. The average CEO is 50+, maybe even some 60+. Could you imagine that an nerdy IT manager comes to their boss and explains: "Hi Hank, you know Cybersecurity is a real thing nowadays. Last time we talked about clouds and stuff. Now I want to check if we have backdoors by doing penetration tests. There is only one thing, the guy wants to be paid in bitcoin. I know I know. The guy can be trusted. He does this job on remote. I will just give him superuser rights in our system. It will be fine Hank. Dont worry."

pretty_officer

Not sure why I’m downvoted, I rebalanced my portfolio and I’m content with my other gains. At what loss? Not entirely sure, I sold at .29 in the last 4-5 days, might buy back in with a smaller bag the next few days. The tech is great, the marketing is atrocious, I’m not a fan of the CEO’s direction. The new algo kit is great, but the on-chain development is what’s put me off. There’s a lot of good projects using it, sure, but overall the direction the CEO has been allocating resources is a loss of confidence for me.

CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by a deleted user. > ####**Smart contracts are not yet trustless** > > EVM blockchain explorers (like EtherScan) allow smart contract creators to publish and verify their smart contract code. This allows users to trustlessly audit them and interact with them in a safe and decentralized way. > > In contrast, Algorand's blockchain explorers do not show verified code. At most, they only show [decompiled code](https://algoexplorer.io/application/971388781), through which you can only guess how the smart contract works. And there's no method to interact with them trustlessly. You have to trust the developer's app. > > ####**Small dApp community** > > Algorand TVL is [currently only $240M](https://defillama.com/chains). Even an L2 rollup like Arbitrum has 4x its TVL, and Ethereum is 340x times larger. > > Algorand only generates [$100k of revenue from transactions fees annually](https://tokenterminal.com/terminal/projects/algorand). That's enough to pay for 1 engineer's salary. > > It also doesn't help that Algorand's smart contract interpreter, AVM is very different than Ethereum's EVM, so there's a barrier to switch from Solidity to PyTeal. > > ####**Algorand CEO Staci Warden has a history of immature tweets** > > * That mysterious [NIKE](https://u.today/algorand-ceo-debunks-nike-partnership-details) tweet which turned out to be nothing > * [Tweeting like a teen with bad grammar](https://twitter.com/StaciW_DC/status/1568607639717957634) about losing USDC on Hodlnaut. And why are they even storing important Foundation funds on a CeFi platform in the first place? > > ####**Low Decentralization** > > Algorand has 2500 participation nodes, but there are several other metrics that tell a different story. > > * **Very few nodes actually participate in consensus**: Over the past 7 days (~150k blocks), only [190 voters participated in consensus](https://metrics.algorand.org/#/decentralization/). Unlike Ethereum, in which EVERY staking validator participates in Casper FFG consensus, Algorand [picks voters based on their stake](https://developer.algorand.org/docs/get-details/algorand_consensus/#the-algorand-consensus-protocol), and only a few are included in their leader and voting committees. > * **Relay Nodes**: Algorand Foundation manages a secret list of relay nodes responsible for forwarding transactions to the participation nodes. It's fine as long as there are a few honest relay nodes not censoring blocks. What's concerning is that the Algorand Foundation [used to publish a number of 100-120 relay nodes](https://np.reddit.com/r/AlgorandOfficial/comments/ku4brb/algorand_relay_nodes_public_data/), but they have since scrubbed all information about the number and identity those relay nodes. > > **Governance is for unimportant decisions on reward distributions, not for protocol updates** > > Algorand often markets that it has governance. But [the elections have only been used to vote on community rewards distribution](https://governance.algorand.foundation/), and they're very minor changes. Governance is also coordinated entirely the Algorand Foundation. > > I have never found any information voting being used for Algorand updates, which suggests that there is no public vote for protocol-level decisions. > > ####**Questionable long-term economic sustainability of its security model** > > **Constantly-changing plans** > > As much as I like Algorand's technology, its tokenomics suck. The more I study Algorand's tokenomics, the more I feel that it's a decade-long rug pull. > > First, the Algorand Foundation keeps changing the rewards system and tokenomics model: > > * They attracted node runners (early relay nodes) with billions of dollars of rewards, set to last until 2024. > * They attracted stakers and participation nodes with rewards to last until 2022. > * They then attracted community participation with Governance rewards starting in late 2021 that is currently scheduled to run out in 2030. > * At one point, there were discussions about re-introducing rewards for community relay nodes after community complaints. > > I compare their documentation with [my previous notes](https://np.reddit.com/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/) from mid 2022, and many of the links they originally published have been replaced. Their notorious "Long Term Algo Dynamics" page, referenced as the "[New, Longer Term Algo Dynamics Model](https://www.algorand.foundation/news/new-algo-dynamics-overview)" is now old. It redirects to [a new, new model](https://www.algorand.foundation/tokenomics) which still doesn't fix their tokenomics. They seem to be changing decisions on a whim, chasing after whatever gets the most bad publicity at the time. > > **No Plans after 2030** > > Algorand Foundation's plans for [long-term economic sustainability](https://forum.algorand.org/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10) have been put off until 2030. It originally designed for Algo's 10B supply to be distributed over 6 years, with relay nodes being rewarded until 2022. That plan was scrapped and remade in Dec 2020 to extend the deadline to 2030 with rewards for relay nodes to last until 2024. There are no plans for sustainable rewards past 2030, and Algorand's tokenomics is a ticking time bomb. > > **High Inflation** > > Algorand's circulating supply has uneven inflation due to an accelerated vesting schedule. The actual circulating supply inflation was 141% in 2020, an insanely-high 433% in 2021, and 12.7% in 2022 [source](https://messari.io/asset/algorand/chart/sply-circ). The silver lining is that accelerated vesting is now over, so inflation will be [~5% over the period of 2023-2029](https://assets-global.website-files.com/62835f42aef969049eba0806/62cc37d101a3d91afc30efca_December%202020%20Algo%20Dynamics.pdf), assuming the 10B max supply holds. > > ####**Revenue too low to sustain security** > > Algorand only produces [~$100K annually from transaction fees](https://tokenterminal.com/terminal/projects/algorand), which isn't enough to cover the annual salary of single engineer. If they want to support their current 100 relay nodes, they'll likely need 100x the current fees unless everyone is super nice and **working for free**. > > **Relay Nodes** are maintained by a consortium of early investors, VCs, Universities, and other non-profits until 2024. These are being paid for through multiple rounds of massive grants totaling at least 2.5B Algo (worth billions of USD). Algorand is still the covering costs for future decentralized Relay Nodes through its [Community Relay Node Program](https://www.algorand.foundation/news/community-relay-node-program). > > It currently costs [$5-10K/year to run a cost-effective relay node on AWS](https://np.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation/). Algorand's $100K in annual revenue from transaction fees is enough to cover a single relay node with 1 engineer. It's unsustainable. Do they think that relay node providers, each currently paid $5M annually on average, are going to stick around when they're suddenly no longer getting paid? > > **Participation nodes** are responsible for consensus and don't get paid anything. They have moderately-high [hardware requirements](https://developer.algorand.org/docs/run-a-node/setup/install/): 16GB memory, 100GB NVMe SSD, 1 Gbps dedicated Internet. > > They don't get paid any rewards, and I'm skeptical how reliable that can be with their hardware, energy, and personnel costs. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

luigyLotto

Forbes is co-owned by CZ, ex Binance CEO

junior_raman

It's expected from someone who has once been in the lowest form of life. He knows what poor people struggle with and it's a privilege to be the CEO of the largest crypto exchange.

bootmeng

Custodians are companies. Companies can go bust or have corrupt actors amongst their ranks. We call this "counter party risk". It's actually one of the beautiful things about Bitcoin as compared to all other cryptos. There is no Bitcoin HQ. There is no CEO or board of directors to pay off. No families to threaten. No DEI departments to steer the direction of the company at large. So if you can hold your own keys, you should for your own safety.

funkinaround

> That's a huge departure from the typical socialpathic/megalomaniac criminal CEO.  Lol. Most CEOs aren't convicted felons. CZ is. > I'm seeing a lot more community responsibility coming from him.  Gonna get seeing a lot more community service from him, too. You know, as part of his guilty plea.

sgtslaughterTV

>on the other hand they say you can't trade crypto without a money transfer license. They're saying don't be dumb. Like the CEO of Bit-instant. Charlie. I forgot his last name, he worked with the Winklevoss Twins in the book "Bitcoin Billionaires." He plead guilty to to money laundering because a user on his platform told him, "Hey I can't buy more bitcoin on bit-instant." Customer support defaulted to Charlie, the CEO, and he said, "Just tell the user to make a new account and buy bitcoin that way." And then that bitcoin was used to launder silk-road bitcoin. Don't be dumb, don't be charlie. https://en.wikipedia.org/wiki/Charlie_Shrem#Legal_issues >Shrem was indicted on April 10, 2014 on accusations of "operating an unlicensed money transmitting business, **money laundering conspiracy and willfully failing to file suspicious activity reports with banking authorities.** That last part is in bold specifically because "This is what turning the other cheek can lead to." I will continue to purchase my digital assets on exchanges that require KYC without nefarious intentions while staying informed on each and every exchange I use.

coinfeeds-bot

tldr; Changpeng 'CZ' Zhao, the former CEO of Binance, submitted an apology letter to the court, expressing regret for his actions and accepting full responsibility ahead of his sentencing. He highlighted the introduction of stringent controls at Binance under his leadership and his voluntary cooperation with the legal process. Zhao, facing a potential 36-month prison sentence and $50 million in fines, seeks a second chance to contribute positively, emphasizing his commitment to funding biotech labs and youth causes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Past-Ride-7034

Lmao what? Drop the CEO a line, must be an oversight.

dollhousemassacre

I'll get in touch with the Bitcoin CEO to get it fixed. Ibviously it's been an oversight.

junglehypothesis

Says centralized CEO of The Ethereum Company

snakesbbq

Says the CEO of a centralized currency.

coinfeeds-bot

tldr; Samson Mow, CEO of Jan3, discussed the importance of privacy in Bitcoin, as envisioned by its creator Satoshi Nakamoto. Nakamoto's design allows for anonymous transactions without relying on third parties, using a system of private keys and a public blockchain. Mow emphasized the need to balance privacy with transparency to address potential misuse while maintaining the decentralized nature of cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Fantastic-Ad548

*After a crypto exchange collapses, a group of Redditors set out to recover their funds from the CEO* Guys, we are on TV !

coinfeeds-bot

tldr; 'Cold Wallet' is a film directed by Cutter Hodierne that delves into the world of cryptocurrency through the story of Billy, who invests heavily in a crypto exchange called Tulip. The exchange collapses after the CEO's mysterious death, leaving investors like Billy financially ruined. The plot thickens as Billy, along with a hacker and a martial arts instructor, attempt to recover the lost funds from the supposedly deceased CEO, leading to a series of intense confrontations and moral dilemmas. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Pro-Arguments Below is a Dogecoin pro-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # PRO's > > **One of the OG Coins** > > * Doge was the first meme coin to appear on the crypto market, having been created in late 2013. Despite thousands of new meme coins attempting to dethrone it, it remains in the top ten cryptocurrencies in terms of market capitalization almost 9 years later. The number of supporters it has amassed since its inception is no small feat, and it has even increased during the most recent bull run. Doge has come a long way since being labeled as just a joke and now become more of the household names in Crypto. In terms of market time, Doge clearly has the upper hand. > > **Transaction Fees and Block Time** > > * The most recent average transaction fee for Dogecoin is 0.768 DOGE or $0.046 with a block time of approximately 1 minute. These are the metrics that define an ideal cryptocurrency for transactional purposes. In comparison to BTC and ETH, which have transaction fees of 0.000045 BTC or $0.875 and 0.0023 ETH or $3.13, respectively, and average block times of around 10 minutes and 0.2 minutes. If a user wants to make a transfer, Dogecoin is one of the better options because it has less expensive transaction fees and has faster block times than most cryptocurrencies. > > **Day-Trader's Paradise** > > * Dogecoin is a haven for day traders due to its volatility on multiple exchanges and hundreds of pairs. Although the cryptocurrency market is volatile in general, Dogecoin has the advantage of being an older coin than most meme coins, allowing for a more secure network, a high transaction rate, and extreme price fluctuations. Traders will be able to trade doge on a daily basis without having to worry about blackouts or network congestions (except when the exchange itself is pausing transactions, etc.) > > **Community Owned** > > * Dogecoin has a strong community, with 2.3 million Reddit users, 3.4 million Twitter followers, and 30K Discord users. Dogecoin has come a long way from being referred to as "a joke" to being considered a reputable coin in the top ten cryptocurrencies. You can find their announcements, trail map, FAQs, guides, advisories, and dev blogs on their website (which is clean and very meme-like in its own way). They also have notable advisors on board, including Elon Musk's (Legal and Finance) representative and Vitalik Buterin. The Doge community, through the Doge Foundation, also participated in numerous fundraisers and other charitable acts, demonstrating a more positive side of the otherwise vilified crypto communities labeled as "greedy" or "degenerates." > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://bitinfocharts.com/comparison/tweets-btc-eth-doge.html#3m*](https://bitinfocharts.com/comparison/transactionfees-doge-dogecoin.html#3y) > > [*https://github.com/dogecoin/dogecoin/blob/master/COPYING*](https://github.com/dogecoin/dogecoin/blob/master/COPYING) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3091219*](https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3091219) > > [*https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/*](https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/) > > [*https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html*](https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html) > > [*https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654*](https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654) > > [*https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565*](https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

BTC_ETH_HODL

The CEO Brian Armstrong should phone him personally.

MecosEnTusPechos69

No worries, Bitcoin CEO will raise prices soon

peresruivo

I (BTC CEO) didn't like it... Y'all fired

fonaldduck099

I'll talk to the CEO.

Objective-Variety821

I suggest you talk to the Bitcoin CEO. S/He was on TV last week counting down 'till the ball dropped.

Captain_Usopp

Bitcoin CEO isn't gonna be happy about this

GreenStretch

You should sue the CEO of Bitcoin, too.

Funnyurolith61

Please ask BTC CEO to stop selling 😁

funkinaround

>"Tether did not have a significant bank relationship in its name from at least March 2017 until September 15, 2017" That's the period of time they had printed 442 million Tether's and at most had 63 million in their legal counsels account. From the NYAG report, also previously quoted >Between June 1, 2017 and September 15, 2017, Bitfinex held approximately $382 million of Tether’s funds in a comingled account, which should have been held by Tether as “backing” for tethers then in circulation but was not. In certain documents Bitfinex and Tether produced to OAG during its investigation, Tether accounted for this amount as a “receivable” from Bitfinex. Tether held their backing using Bitfinex's Noble Bank account. From June to September, USDT market cap went from $100M to $440M. $382M of that $440M was in Noble Bank. >The attestations are a token gesture because they're no way to actually force them to do anything. They could have charged Tether and executives with fraud. They could have done what the DoJ did to Binance and CZ and charge Tether criminally. But they didn't. If they made Tether submit attestations, they could have also charged Tether with fraud if they produced fraudulent attestations with no assets actually backing USDT. >You think Bitfinex doesn't have any other assets on its books other than cash? You're not going to move reverse repos and secured loans to another entity. And we know that Tether themselves have their large US Treasury position directly from Howard Lutnick, CEO of Cantor Fitzgerald. The CEO of Cantor Fitzgerald says, "Tether has the money". BDO says, "the consolidated reserves report is fairly presented". But noted Tether fraud expert suninabox says, "They can literally just create 100 billion BFX funbux, sell 1 for a dollar, then transfer them to Tether's account." I think I read that somewhere in the NYAG report.

BitcoinRefuge

Looks like Lex Luther (Coinbase CEO) is the only guy they didn’t get

SomeAreLonger

Cool, just provide your social security number to me through DM and I'll have the bitcoin CEO contact you about what to do.