RE: Binance Rug Pulls USDC
(Edited)
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Clickbait? I found it well researched and helpful. Respectfully his points are factual. Just my take but how’s he wrong?
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I already said how he's wrong.
A rugpull is theft.
Show me who lost money over this.
Not only has no one lost money over this, no one has lost any opportunity.
In fact, deeper liquidity pools means traders are gaining money in terms of lower slippage.
Exchanges have to consolidate liquidity pools all the time.
It's not shady.
It is standard operating procedure.
Go run an exchange and tell me it's a shady thing to do.
What money?
Show me how value is being extracted from the users due to this consolidation.
This is a fantasy.
It is provably false.
Everybody wins.
Everybody makes money.
These are fucking stable coins for god sake.
Who gives a shit?
Said no one ever.
Couldn’t disagree more. Time will tell though.
You can't just say you disagree.
Show me who lost money.
No one lost money.
There is nothing to disagree with.
if you're issue with me using the term rug pull, then let me explain, you as a USDC holder for example are exposed to a certain amount of risk, because on how circle runs their treasury, being pushed over to another asset white labeled by Paxos changes your risk assumptions, you're exposed to a different smart contract, you're exposed to different liquidity pools,
Just because the unit is the same doesn't mean the backing is, and please feel free to compare circles attestations versus paxos and tell me they are equal
Rug pulls do not get announced in advance.
Binance is a business.
A business that offers services.
To make the claim that a business that pulls services is somehow an attack against the customer is entitled beyond belief.
Seriously? Whoever said that can fuck right off. Welcome to the real world, jackass.
Do I think you're entitled? No, actually. Because I don't think you use USDC or Binance in the first place, so you're just complaining to complain just like the pattern of all your other blog posts. And then when the bull market boots up again: crickets. Or rather a lot more football posts to balance it out.
How am I doing so far?
Do you use USDC or Binance?
See how funny this is?
You can't say 'yes' and you can't say 'no'.
Either way it makes you look like a hypocrite, or just completely out of touch.
Such is the dichotomy of the maximalist.
You're legit tilting at the windmills, and not only fighting invisible enemies, but projecting those enemies onto other people because you don't even use this shit. Wild.
Why do you think you get a say over which pairs Binance lists and which ones they don't? To the point of calling them shady criminals if you don't get what you want. The shear unmitigated entitlement of it all is mindblowing.
I'm not going to do this song and dance with you, anyone can read these comments and see you're talking yourself in a circle, quit while you still had a point, now you're simply arguing semantics to try and hold on to a semblance of a point.
Lol isn't that the point, you don't have a say, you never had a say in binance, you're always taking custodial risk so you're always at risk of being rug pulled.
I don't use Binance, I don't use stablecoins, I have no use for it!
I had the same arguments with people about Celsius and got the same responses, and look how well that turned out. Sadly you have not convinced me of anything, so I suggest you pack it in you're wasting your breathe and I'm done wasting mine
Anyone can read these comments and see you keep deflecting the issue and avoiding points that you're clearly in the wrong about. See? I can do it too, it's not hard. I'm not being unreasonable, you are. No you. No you.
Wait a second... I'm 'anyone', which means I can read these comments and see that I'm talking myself in a circle. Let's see...
Like... lol.
Are you for real right now?
It's like debating a five year old.
Yes, I agree it does appear to be pointless.