General > General Technical Chat
Silicon Valley Bank Collapses
bdunham7:
--- Quote from: Bud on March 16, 2023, 05:18:58 pm ---Yo can't change (tamper with) what is on the ledger because you do not have everyone's private keys and the private keys for every single record on the ledger. The hash of Each given record is fed into the next record and becomes part of the next record which is hashed with the next transaction owner's private key. This is where the "chain" term of the blockchain comes from.
And you can't "control" the ledger because there is no central copy of it, every participant gets a latest copy.
--- End quote ---
Editing the already existing blockchain is not the mode of attack you worry about. The miners determine what get's added to the ledger in each block. The nodes decide whether or not to accept a new block as posted by a miner. Control or tamper with either and you control future blocks. You don't need to control all of them, just enough to cause a meaningful fork.
floobydust:
Engineers have to be honest with themselves and their work, to be any good with the Art.
Politicians, banks, investors etc. on the other hand have to be as corrupt as possible - up to a point.
So I doubt EE's will ever understand what is actually going on.
The ultimate bank is corrupt and adept at money laundering, high risk shady derivatives, shell games giving inflated asset/return numbers and anonymity enabling tax evasion etc.
Look at historical charges and fines for Deutsche Bank, Credit Suisse and if we think SVB was just a little management mistake- of course there's criminal activity under the veneer.
Why else install a board of clowns and have no risk official - it's the best way to undermine an institution allowing the mob to party. Look at business news:
Forbes annual ranking "America's Best Banks" SVB on there for the past 5 years in a row.
CNBC's Jim Cramer last month Feb. 8 "Buy SVB!", Buy Signature Bank! , First Republic Bank "FRC is new focus... very good bank".
Kevin O'Leary blasts SVB's "negligent board of directors' with idiot management". Fox News Sean Hannity flat-out asks the SVB depositor ‘Why did you keep your money there if it was run by idiots?’ CRICKETS, DODGE ANSWER lmao. Cockroaches scurrying.
Looking at US indictments involving crypto currencies and exchanges, it's massive fraud, money laundering, Ponzi scheme layers. Crypto is not an answer to corruption.
coppice:
--- Quote from: floobydust on March 16, 2023, 07:15:01 pm ---CNBC's Jim Cramer last month Feb. 8 "Buy SVB!", Buy Signature Bank! , First Republic
--- End quote ---
Come on. Its Jim Cramer. Everyone knows when he says "Buy SVB" he's just mispronouncing "bye bye SVB".
HuronKing:
--- Quote from: coppice on March 16, 2023, 08:43:38 pm ---
--- Quote from: floobydust on March 16, 2023, 07:15:01 pm ---CNBC's Jim Cramer last month Feb. 8 "Buy SVB!", Buy Signature Bank! , First Republic
--- End quote ---
Come on. Its Jim Cramer. Everyone knows when he says "Buy SVB" he's just mispronouncing "bye bye SVB".
--- End quote ---
I wouldn't put any real money towards it... but I've enjoyed a few beers on trades from inversing whatever Cramer says.
TimFox:
--- Quote from: HuronKing on March 16, 2023, 08:48:12 pm ---
--- Quote from: coppice on March 16, 2023, 08:43:38 pm ---
--- Quote from: floobydust on March 16, 2023, 07:15:01 pm ---CNBC's Jim Cramer last month Feb. 8 "Buy SVB!", Buy Signature Bank! , First Republic
--- End quote ---
Come on. Its Jim Cramer. Everyone knows when he says "Buy SVB" he's just mispronouncing "bye bye SVB".
--- End quote ---
I wouldn't put any real money towards it... but I've enjoyed a few beers on trades from inversing whatever Cramer says.
--- End quote ---
At my broker's office, but not in writing, they all believe that trading on the inverse of Cramer's recommendations is a good strategy.
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version