Okay, Woah! I read the poker link. Sorry for the ramble. I loved the article.
Am I correct in understanding that Annie Duke used software that showed other people cards, albeit with a 15-minute delay? Is this common practice? What's the explanation that she would do that unless she was a cheater? Checking your predictions and getting quasi-immediate feedback is okay as long as the other people all have full information about it. This tool was not disclosed and abused by people who are "experts in decision-making" or experts in cheating? I should have done a simple google search for ("Annie Duke" "fraud"), but this was a good lesson in due diligence.
Would making the code behind a poker website fully transparent (open source) solve that issue?
The fact she was aware of it and put her name on the platform is disgusting. The fact I was unaware of this is my fault. Thank you for the link.
investigate tether, fined and banned in New York State.the attorney general called tether a pack of liars and scammers.they agreed to not ever do business in New York State.IF THEY WERE INNOCENT WHY GO ALONG WITH A BIG FINE AND BEING BANNED IN NEW YORK?
Does the pope shit in the woods? Changpeng Zhao is an extremely shady and crooked operator. I am more than confident that his empire will collapse and that he will be arrested and sent to jail in due course.
Great post on bad actors and bad behaviours linked to the crypto ecosystem. This is a real possibility with what could happen with Binance and other largely centralized crypto entities.
We still need to be reminded though that the crypto ecosystem is somewhat only a decade-old, and the premise as always been to grow efficiency away from human behaviour. Most active and “self sufficient” protocols are still growing and did show great resilience even with what happened in the last few months/years.
Crypto as a useable and practical system to our society has a place to grow in the next few decades; it’s really a longterm game and we’ll see many gamblers along the way like in any financial ecosystem.
Quick question for you- I posted this in an earlier article of yours so perhaps you didn't see it- would be interested in your take on this. Here was my comment/question about the repo crisis of 2019:
I have been in discussions with someone over the repo crisis of 2019. Their view of what triggered it is the quote below which I thought was an oversimplification of the situation.
I would be interested to hear your views on this.
" I believe the repo crisis was due to US banks refusing to transact with European banks that have never written their bad debts down after he 2008-09 financial crisis. The Fed became the central bank to the world as US banks, which are healthier than other big banks, refused to counteract with Deutsche Bank and other big banks, because they refused to assume the counter-party risk - that is why rates leapt to 10% for overnight money."
Great article.
In a properly functioning market, Binance would have been bankrupt already....
But they deal with crypto - and the regulators have done squat. Tether is another perfect example.
In a fake market, with fake prices, and price/volume manipulation by the major players, it will be extremely difficult for Binance to collapse IMHO.
Okay, Woah! I read the poker link. Sorry for the ramble. I loved the article.
Am I correct in understanding that Annie Duke used software that showed other people cards, albeit with a 15-minute delay? Is this common practice? What's the explanation that she would do that unless she was a cheater? Checking your predictions and getting quasi-immediate feedback is okay as long as the other people all have full information about it. This tool was not disclosed and abused by people who are "experts in decision-making" or experts in cheating? I should have done a simple google search for ("Annie Duke" "fraud"), but this was a good lesson in due diligence.
Would making the code behind a poker website fully transparent (open source) solve that issue?
The fact she was aware of it and put her name on the platform is disgusting. The fact I was unaware of this is my fault. Thank you for the link.
Annie Duke had nothing to do with the ultimate bet scandal. She was just endorsing the site at the time.
The involved poker pro was Russ Hamilton.
If anyone had read Ayn Rand they would know that an “effective altruist” could not be “most trustworthy”.
Wonderful writeup. LIKE button dutifully SMASHED.
WASN'T TETHERS LAWYER INVOLVED IN THE POKER. SCANDAL?
investigate tether, fined and banned in New York State.the attorney general called tether a pack of liars and scammers.they agreed to not ever do business in New York State.IF THEY WERE INNOCENT WHY GO ALONG WITH A BIG FINE AND BEING BANNED IN NEW YORK?
Great article! Thank you
Is Binance the Next Domino to Fall?
Does the pope shit in the woods? Changpeng Zhao is an extremely shady and crooked operator. I am more than confident that his empire will collapse and that he will be arrested and sent to jail in due course.
Thank you.
Great post on bad actors and bad behaviours linked to the crypto ecosystem. This is a real possibility with what could happen with Binance and other largely centralized crypto entities.
We still need to be reminded though that the crypto ecosystem is somewhat only a decade-old, and the premise as always been to grow efficiency away from human behaviour. Most active and “self sufficient” protocols are still growing and did show great resilience even with what happened in the last few months/years.
Crypto as a useable and practical system to our society has a place to grow in the next few decades; it’s really a longterm game and we’ll see many gamblers along the way like in any financial ecosystem.
Whats the best way to short binance?
Quick question for you- I posted this in an earlier article of yours so perhaps you didn't see it- would be interested in your take on this. Here was my comment/question about the repo crisis of 2019:
I have been in discussions with someone over the repo crisis of 2019. Their view of what triggered it is the quote below which I thought was an oversimplification of the situation.
I would be interested to hear your views on this.
" I believe the repo crisis was due to US banks refusing to transact with European banks that have never written their bad debts down after he 2008-09 financial crisis. The Fed became the central bank to the world as US banks, which are healthier than other big banks, refused to counteract with Deutsche Bank and other big banks, because they refused to assume the counter-party risk - that is why rates leapt to 10% for overnight money."