So you cant withdrawal your investment?

Sounds worthless.

people on binance can't, i don't use binance but they're the one dictating the price
binance is running a fractional reserve scam
same way as the banks
if too many people try to withdraw their cash at the banks, the banks won't be able to pay them all cause the banks don't have enough cash, it's fractional reserve as well
binance can't pay their customers that are trying to withdraw because they're running a fractional reserve scam
so the customers on binance are forced to sell to like bitcoin (lowering xmr's price, increasing btc's price) so they can finally withdraw their money and then exchange it somewhere else, binance still dictating the price regardless

the community been asking a delisting from binance for years now, they going out with a boom but it's finally happening
centralized exchanges like binance have no place in the cryptospace, DEX is where it's at, atomic swap is where it's at, exchanging straight from protocol without 3rd party that "blocks withdrawals" all year long, it's peer to peer, that's what's up

as expected, price going up again after withdrawal on binance open again, closed those for 9 hours, probably more to come before the official delisting date of feb 20th



filled up some more bags at $105, already back to $120

This post was edited by derpykitty on Feb 6 2024 10:29pm

didn't that actually happen with the silicon valley bank thing last year? they all got their $ bcz the feds stepped in. it took a while, but they paid them. so yes, your money is insured with $ and a government bank

afaik crypto can't offer that

edit: guess it was 2 yrs ago, wow time flies

This post was edited by ChocolateCoveredGummyBears on Feb 7 2024 02:57am

which it shouldnt have to since it's supposed to be meant for self-custody with people being their own bank, not through a 3rd party

and even worse, was iirc last year or couple years ago as well, for coinbase, they updated their ToS to pretty much protect themselves in case of bankcrupty and allowing themselves to literally steal customers funds and use those to cover their own expenses or whatever
i guess FTX should just have updated their ToS as well and sam bankman fried would have been a free man

I see what you're saying. I guess the person would feel more comfortable knowing their funds are protected by a government instead of a coin, that has value that can fluctuate so much...

For example if you put 100k in your coin now as a bank, then next month it drops 30%. Meanwhile, if you put that in a government bank as cash, that 100k is only battling inflation in the US economy (for this example)

This post was edited by ChocolateCoveredGummyBears on Feb 7 2024 06:17am

yup, didnt even take long before binance closed those withdrawals yet again:

ooooooooh yikes....
https://nitter.unixfox.eu/thefuzzstone/status/1755211469786906737








guess was right being skeptical about them ever actually fully delist it in all of its forms..........:


the fight against those centralized entities hijacking the cryptosphere continues