Binance's books are a black box, filings show, as it tries to rally confidence

Re:Binance's books are a black box, filings show, as it trie... by KarlKemp on Monday December 19, 2022 @07:21PM (#34059820)

> The European Central Bank has arguably failed its mandate of keeping price stability within the eurozone when some countries have more than 20% inflation.

Yeah, Bitcoin has really held up great in value in comparison to euros or dollar… it’s only down 70 % on top of those currencies‘ inflation.

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Re:Binance's books are a black box, filings show, as it trie... by corv on Monday December 19, 2022 @08:07PM (#34060212)

While AMZN is down 50% this year and much of the tech sector with it

It is still one of the best performing assets in history

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Re:Binance's books are a black box, filings show, as it trie... by lottin on Wednesday December 21, 2022 @03:08PM (#34085735)

Stop parroting this nonsense. Crypto isn't one of the best performing assets by any stretch of the imagination. You can't measure the return over an arbitrary period and call that the asset's performance. That's not how it works. An asset's performance needs to be considered in terms of expected return, i.e. the average return over a time period (typically, a day or week) and some measure of risk (such as the standard deviation of returns).

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