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by panarky 1952 days ago
1) This is a clickbait headline. TFA doesn't say there's a 50% chance of a collapse tonight. It says there's a 50% chance of collapse at some point in the next year.

2) TFA also says the reason Bitcoin futures are contango (6 month contract costs more than 3 month contract) on the Chicago Merc is because of counterparty risk with Bitcoin exchanges. But it also says there's zero counterparty risk with the Chicago Merc. So who cares about sketchy Bitcoin exchanges when you could just buy the CME 3-month, sell the CME 6-month, roll it every month and pocket the premium?

3) We should immediately discount stories about cryptoassets from any site that can't manage to set up a TLS cert.

2 comments

> We should immediately discount stories about cryptoassets from any site that can't manage to set up a TLS cert.

Very interesting conclusion. Let me see if I can follow along:

Adding an SSL cert = SSL

SSL = encryption

EnCRYPTion = CRYPTocurrency

Cryptocurrency = Bitcoin implementation

Bitcoin implementation = Bitcoin price

Yes, I see now how they're equivalent.

The article definitely is hand-wavy and there are other reasons to be skeptical but conclusions like this rarely help the situation.

Adding an SSL cert = minimal IT skills required

Understanding cryptoassets = Above minimal IT skills + more skills + more knowledge required

Not knowing how to add an SSL cert certainly does not bode well for one's expertise on crypto. Knowing how to do so but not caring is even worse.

>3) We should immediately discount stories about cryptoassets from any site that can't manage to set up a TLS cert.

100% this