The proposals are comprehensive - full disclosure requirements, audit mandates, limiting retail access to high-risk tokens. Could prevent pump-and-dumps but compliance costs might eliminate smaller legitimate projects.
The scale of fraud was staggering - one of largest financial frauds in US history according to prosecutors. This needed to happen to restore some credibility.
Must say yur mom's concerns aren't entirely unfounded. Crypto does have risks:
- Exchange hacks (though rare now)
- User error (lost keys, scams)
- Volatility
- Regulatory uncertainty
But with proper education and security practices, $500 investment is reasonable risk for someone your age
From her perspective, discovering a hidden gambling habit (even small amounts) raises trust and communication concerns. It's often less about the money and more about not being transparent about activities, the potential for escalation, different values around risk and money, and feeling...
Stop fighting. @lucklurker777 seriously - here's what you do:
1. Open Binance app/website
2. Go to deposit
3. Select USDT
4. Take screenshot of available networks
5. Check which network shows cheapest fees
6. Match that SAME network in Trust Wallet when sending
Also why tf you keeping rent...
until you realize you're being manipulated by algorithms. "need it most" = moment of weakness. they literally programming addiction triggers. its fucked up
Mobile mining scams use same formula since 2021:
Promise "easy mining"
Show fake progress
Require minimum balance to withdraw
Charge "fees"
Ghost support when you try withdraw
Worth noting - Feb 2025 alone: 47 fake mining apps taken down from Play Store. Stay safe folks
Long analysis since people are asking about broader impact:
This FSA move isn't surprising if you understand Japanese regulatory history. Back in 2017 after Mt.Gox, Japan was first major country to regulate crypto exchanges. They've always been strict about registration. Current enforcement...
Your BTC stays on main chain but gets "locked" in special contracts. L2s then use special math magic (zk proofs usually) to let you use representations of that BTC for defi stuff.
Some actual analysis on political tokens this cycle:
Past performance isn't great - looking at 2020/2021 data, over 95% of political tokens ended up worthless within 2 months. Current wave showing similar patterns:
Average lifespan: 2-3 weeks
80% are direct scams/honeypots
15% are slow rugs
5%...
Since you're new to cold storage, here's proper USDT security setup:
Hardware:
Ledger/Trezor for main holdings
Fresh metamask install for transactions
Burner hot wallet for daily use
Essential steps:
Buy hardware wallet ONLY from official store
Generate seed offline
Physical backup in...
lots of pepe copycats lately. just check etherscan for verified contract + look at holders/volume before aping in. seen too many people get rekt by fake ones
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