text: BITCOINs Secret Attack Is Underway By Binance!! - Manic Tube Videos
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  hey yo what is up with the new week with the growing number of subs the chico army and any newbie aka a viewer of the tube i'm the host tyler and i hope you're ready get your fill of this channel
  Kind of like this guy's love for watermelon that guy's lost his rind you know how we pun it's time for chico crypto well we gotta dive into something i have
  Noticed of which others haven't the breakdown of the bitcoin mining pool distribution checking out the most recent one for the hashrate over the past three days we can see a
  Wide distribution with no one pool controlling more than 78 of the hash rate and seven different pools that control six point seven percent of the hash rate or above which if we switch to a scary
  Time in 2014 when the network got close to that dreaded 51 control by a single pool we can see a lot less mining players thus that type of control was possible and shoot even in june of 2018 the hash
  Rate was less distributed with one pool having nearly 25 a quarter of the hash rate alone so this is a good thing that distribution but other people are covering that what people
  Aren't covering is who is sliding in with a massive jump in hashrate power the pool that just recently showed up to binance which now has 67 percent of the hash rate going through their pool and why is this scary well just over a
  Year ago in may of 2019 something big happened one of the largest uncovered exchange hacks in recent times when hackers ran off with 7000 btc worth today over 64 million dollars
  And the crazy part wasn't necessarily the hack but the aftermath from the ceo cz binance here's an ama he did right after the hack and he said some things that go fully against crypto and the bitcoin blockchain we are
  Completely okay on the funding side it does hurt very much but um we are able to uh we are able to cover that so we do not need the funding help um other we have been working with other exchanges to
  Uh block deposits from those hacked addresses um there is the other topic of do we want to issue a rollback on the bitcoin network because right now the 7000 btc
  Is far higher than if we distribute that to miners it will be far higher than the what they got paid for the last few blocks um to be honest
  We can actually do this probably within the next few days but there are concerns about if we do a rollback on uh bitcoin network at that scale it may have some negative consequences
  Uh in terms of uh um credibility for destroying credibility for bitcoin so again the team's still deciding that and we're running through the numbers and checking everything um so i think um throughout this
  Uh we will mean we will try to maintain very high transparency um and uh we will just uh and we we will solicit uh community help uh so the reorg is not idea that came from the community i actually did not know
  That we could do we could do that um but uh there are uh serious consequences for doing that so um we are we will take that very cautiously um
  So i think the biggest thing is i do want to beg people to um forgive us in terms of uh not being able to withdraw yes he wanted to do a bitcoin chain roll back by using the miners and paying them
  From the stolen 7000 btc that they would recover and he says they could do it quick um to be honest we can actually do this probably within the next few days yep within a couple of days which the
  Community rightfully so went into an uproar over and cezi tweeted this after speaking with various parties jeremy rubin a bitcoin core dev james prestwich
  Core dev brandon cutis core dev at hasu fl a pseudonym for someone connected to derebit jihan wu the big bitcoin miner player in china still controlling a seat with bitmain
  And others and we decided not to take the bitcoin re-org approach so they decided that they wouldn't ruin bitcoin like they had a call that they could do it or
  Not do it which cz clearly said in the ama they could do and now one year later binance all of a sudden drops a mining pool that surges to the seventh largest pool
  In just a couple of months since their launch and that pool is expected to grow as coindesk covered it late last week finance pool poised to grab more bitcoin hash rate in russia
  And central asia and in the article it states binance is about to cut a deal with bit river the russian mining giant which could add up to one extra hash to binance's mining power making them even bigger than someone
  Real suspicious the number six ranked pool okay x which cz and co-founder yi he would have reason to come for that spot of which ok x controls both cz and yi he are former
  Employees of ok x and there was a major fallout with cz him getting fired which included the likes of roger vere lawsuits and the control of the domain btccom
  And here is veer getting into a little squabble with star zoo ok coin founder and ok x's current ceo back during the heat of it i will go very slowly for you okay
  Did you not understand my question can i speak first can i ask you already spoke the last several minutes and then i asked you that media and a second i can't i can't make it
  I have time please i cannot understand why you and your friend see me sign the contract you can stop the contract anytime but the output point cannot stop it right and the three is a bitcoin level
  That we want to stop at we just wanna be fine you stop paying we said we want to resign a new contract and place it illegally are so very slowly so number one you just called cece a liar when he said
  That you approved the contract is that right you are calling cz a liar because cece said i love us i'm a liar i don't know the story between you
  And indeed said that he showed you the contract and you knew that it was being signed are you lying or a cd line one of you is a liar except you are seizing first line
  As you can see who was the man in the middle of it causing the problem cz binance who starr mentions many times is a friend of rogers which makes total sense today as roger is an angel investor in binancecom
  So okay x versus binance yeah it got nasty due to a ton of allegations of mud slinging back and forth which star zoo made a reddit post over five years ago explaining the entire situation and cz's
  Tenure at ok coin included the video evidence he spoke of with veer in the argument they had yeah literally a day later cz responded back
  In 2015 but he deleted the post i wonder why well luckily someone archived it and we can see what he said he accused ok coin of running bots fake volumes fake proof of reserves
  Insider trading bad financials and more which i'm not getting into the validity of any of this i just want to see the motive which we can get a clear look at by scrolling down in the comments of his deleted post
  About the 14th top comment down there as a person who asked cz well can you explain this comment just seven months ago with a link to something while clicking on that it's another deleted post
  By cz damn you i wonder what he said well luckily someone archived that too and what did he say just seven months before saying okay had fake reserves of bitcoin fake volume bots and insider trading
  This hi this is cz from ok coin this type of conspiracy theory just two for the lack of better word creative warbots is equally creative trading is a completely different business than running an exchange
  We leave trading to our clients on the topic of bots you can't simply create a bot that can move the market at ease and cost money to move the market and there are significant risks if the market moves against you
  Anyone who understands trading will know this then lower down he says this lastly ok coin has passed the proof of reserve audit with the help of steven thomas and a link to the proof hmm seven months
  Later once you and veer hooked up and something really shady went down now okay coin is doing what you said they weren't doing something smells super fishy about that now i want to show you the difference
  Between star zoo and cz binance for one star has never spoke of trying a bitcoin reorg but to see which side is the most dirty you gotta look at tether usdt and we know who the big dominant players
  Of tether are finance and huawei right now with finance having combined basically 2 billion usdt on their exchange alone and huawei having nearly 1 billion that's pretty much one third of the
  Supply on two exchanges with binance making a strong majority of it now okay x is no saint either they don't hold nearly an amount as binance but going to their exchange volume breakdown it is a majority tether usdt but here's
  Where the difference comes in april of last year just before the binance hack star tweeted this in response to saying it's great seeing usdt volumes grow on his exchange the industry needs to think about how to protect our customer
  From the risk of usdt which again in 2018 he acknowledged that the community sees its problems tether and they are looking for solutions to mitigate risk if it does fail yes he understands the damn risk of the thing like anyone
  Should in the industry but cz he will defend tether for example this clip with the crypto lark which i have showed many times and i will keep showing it i did want to ask you as well there's been a lot of accusations made
  Against the guys over at tether how do you feel about that situation what are your thoughts on it uh my general feeling is that there's always more fun
  In the community than there are positive things so and the thought is usually more usually more overreactive i did meet with the key guy from bitfinex in person a few day a couple of weeks ago and we
  Did talk about this issue and there was a couple of other guys who i trust to a very high degree they said they have looked at the account so there's a difference i hope you all
  Can see star zoo is even more of a bitcoin whale oh geez than cz and he admits there are risks and it's so funny to see cesi's buddy roger veer act the same way just four months ago announcing usdt
  With launch on bitcoin cash so i don't want anyone saying i'm defending ok coin because i'm not i'm just showing that cz and binance put on a great masquerade of being builders here to help the space
  But in reality they are tether addicts and want control of the crypto markets which is obviously seen by getting the idea in the head that they could reorg the bitcoin blockchain so it's worrisome to me
  Bitcoin and crypto enthusiasts to see the entity that said they would like to reorg with tether pumping through their veins acquiring over six percent of the hash rate a year later after that statement
  But maybe that's just me but what i'd like to wrap this episode off with is to highlight that binance's plan of playing regulatory hopscotch is running out of squares for them to jump into it's widely known binance doesn't have a
  Physical home office they are globally distributed with a workforce all over the world that is what they say but you always need a home base no matter what as how is a company to get banking
  Relationships or where's the ceos and founders to physically stay at we aren't in black mirror yet and they can't stay in the clouds well let's just see the hopscotch of countries they have
  Played thus far wikipedia tells us their early days beginning in 2017 from the history the company was founded in china but moved its servers and headquarters
  Out of china and into japan in advance of the chinese government ban on cryptocurrency trading in september 2017 by march 2018 the company had established offices
  In taiwan yeah so in 2017 china announced an exchange ban so by nance they ran with their tail between their legs and ditched their home country here's the difference between binance and other chinese
  Exchanges operating within the chinese borders back then those others they didn't run they stayed and followed orders for example this september 2017 techcrunch article china's three
  Largest bitcoin exchanges will all stop offering local trading which were ok coin btc china and huawei so binance took a big risk and they ran to japan but just six months later after trying to set up
  Shop japan kicked them out march of 2018 coindesk released this article japan warns finance exchange over licensing which hears the document from japan's
  Top financial regulator the fsa with cz's name right there so kicked out of japan and they set up a temporary shop in taiwan and that is where wikipedia leaves off well we know here they tried to set up
  Shop after this in malta i covered the whole debacle on many occasions with finance having ties to both the prime minister and president of malta who both have been ousted due to
  Corruption which later in 2020 i got confirmation of when it was announced binance was not licensed to operate there that was in february only five months ago but just more
  Recently binance got hit by another one another regulator the block they covered it brazil regulators block binance from offering derivatives in the country which we can confirm from the official
  Government document they specifically are not allowing finance access to their citizens which isn't good because in december of last year just two months before this binance
  Announced a fiat gateway for latin america and the blog post says the new platform for latin america will initially launch in argentina and brazil
  And then just yesterday decrypt covered the big one binance is illegally operating in malaysia authorities claim an article's brief says binance is operating illegally in
  Malaysia according to the malaysian securities commission this could make binance operators liable to up to a 23 million dollar fine or up to 10 years in prison or both it could have been blacklisted
  Because binance recently added a ring it malaysian fiat crypto gateway just like they did in brazil just like they have been trying to do across the world stepping on regulator toes with no
  Regard for the repercussions while the malaysian thing shows us things will get nasty for binance and their plan of having no physical home might not work
  Out that 23 million dollar fine it needs to be paid by the binance company which will need to have a physical address for legality's sake where are you gonna go we will find out soon cheers viewers