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A comment on Binance Acquires FTX. Parent comment

Re:Binance Acquires FTX by spuz on Tuesday November 08, 2022 @12:24PM (#33521572)
Remember that blockchain transactions are slow and FTX has over 1m users. Even in the most positive of scenarios, I would not be surprised if it took days to clear the backlog of withdrawal requests.
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Re:Binance Acquires FTX by zoklet-enjoyer on Tuesday November 08, 2022 @12:43PM (#33521820)
Slow blockchain transactions and it would be shocking if they didn't stake user assets. Most (all?) proof of stake chains have lock up periods. Atom and other Cosmos chains are usually 21 days.
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Re:Binance Acquires FTX by EVa5I7bHFq9mnYK on Tuesday November 08, 2022 @12:44PM (#33521833)
Indeed, all Bitcoin blocks today are full. There is no physical possibility to withdraw all those funds. That's why Binance must implement Lightning deposits/withdrawals, like Kraken did.
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Re:Binance Acquires FTX by smoldesu on Tuesday November 08, 2022 @12:57PM (#33522001)
Adding L2 chains to this equation dumps the frying pan into the fire. We don't need more points-of-failure, it's bad enough as-is.
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Re:Binance Acquires FTX by EVa5I7bHFq9mnYK on Tuesday November 08, 2022 @04:19PM (#33524450)
Inability to process more than 5 tx a second for entire world is a major point-of-failure that L2 chain cures.
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Re:Binance Acquires FTX by kinakomochidayo on Wednesday November 09, 2022 @11:44AM (#33534191)
Should’ve just increased the blocksize, instead of implementing some crap L2 solution.
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Re:Binance Acquires FTX by EVa5I7bHFq9mnYK on Sunday November 13, 2022 @06:42AM (#33582141)
Thats the same as to say: let's buy a couple more servers rather than replace bubble sort in our code by qsort.
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Re:Binance Acquires FTX by jdprgm on Tuesday November 08, 2022 @12:48PM (#33521898)
Not sure what people are talking about here, bitcoin mempool doesn't even have a notably large backlog at the moment and fees are currently low/normal: https://mempool.space/

Exchange withdrawals are one to many for btc helping keep size down and most other chains shouldn't have any issues. Don't see how FTX or really any exchange should be bottlenecked by blockchains here.

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Re:Binance Acquires FTX by aaronharnly on Tuesday November 08, 2022 @01:09PM (#33522162)
It seems to my layperson’s eye that that would be a reason to get a loan for a week or a month, not to sell the company.
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Re:Binance Acquires FTX by rhaway84773 on Tuesday November 08, 2022 @02:18PM (#33523063)
“How to destroy the entire basis for blockchain technology in 1 sentence”.
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