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0 sats \ 0 replies \ @badabing 2 Sep 2023
Don't think so, they seem to have too much bitcoin.
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0 sats \ 0 replies \ @TheBTCManual 2 Sep 2023
I would be very surprised if Binance blows up, they've got a massive network effect and they do shady stuff and could be walking around with a huge hole in their balance sheet but if they can meet their obligations to customers that do call their bluff by withdrawing they can stay in operation for far longer than we think
The growth of the stablecoin market also helps ease the pain of losing banking partners and man people just love to gamble so theres no shortage of users going to these casinos to get rekt, im sure thats a decent amount of revenue
If they do go bust operationally or shut down for legal concerns, i'd welcome it, I think it would be a net positive showing no ones too big to fail and we could net some cheap cheap sats and I guess thats my primary motivation to see Binance implode
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