Crypto

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Re: Crypto

Post by UNI88 »

SDHornet wrote: Thu Jun 24, 2021 8:27 am
HI54UNI wrote: Wed Jun 23, 2021 5:56 am
Put your bitcoins in one of these machines at the grocery store.

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That was a great response by Fiver!
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Re: Crypto

Post by kalm »

Crypto: “An limited supply of nothing.”

Too big to fail? Probably. :ohno:

https://www.washingtonpost.com/business ... s-growing/
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Re: Crypto

Post by Pwns »

Can't believe no one has bumped this one.
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Re: Crypto

Post by Col Hogan »

This class-action lawsuit should be an interesting one to follow until it’s dismissed…

https://www.foxbusiness.com/markets/ftx ... shaq-curry
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Re: Crypto

Post by HI54UNI »

Winklevoss twins Genesis crypto exchange now having issues.
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Re: Crypto

Post by GannonFan »

HI54UNI wrote: Wed Nov 16, 2022 3:56 pm Winklevoss twins Genesis crypto exchange now having issues.
They might lose their Facebook money before all is said and done. Do they still row?
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Re: Crypto

Post by dbackjon »

AZGrizFan wrote: Sat Jun 12, 2021 11:55 am
kalm wrote: Sat Jun 12, 2021 11:47 am

Good questions. :nod: Yet billions are thrown at it is at least on the radar screen of traditional/institutional investors.
Bitcoin has been called a pyramid scheme for 15 years. Yet here it is….
:twocents: (Close to Current value of FTX)
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Re: Crypto

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Re: Crypto

Post by BDKJMU »

Have zero sympathy for any of these idiots who lost their shirts investing giant sums of money in a ponzi scheme run by a disheveled looking, late twenty something/30 yr old, badly in need of a haircut, who looked like he was dragged off the set of Animal House, who also was a far left, woke, mega donk donor. This whole thing is :rofl:
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Re: Crypto

Post by Pwns »

I thought I was mostly with the pinkos when it comes to crypto skepticism but it's starting to seem less like it breaks cleanly on party lines.
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Re: Crypto

Post by houndawg »

Pwns wrote: Wed Nov 16, 2022 9:42 am Can't believe no one has bumped this one.
Straight out of Cryptonomicon
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Re: Crypto

Post by SDHornet »

This FTX story is wild. Aside from the biggest ponzi scheme in history, its looking like a total front for money laundering operations on a global scale. Wow.
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Re: Crypto

Post by Winterborn »

SDHornet wrote: Thu Dec 01, 2022 9:32 pm This FTX story is wild. Aside from the biggest ponzi scheme in history, its looking like a total front for money laundering operations on a global scale. Wow.
It is interesting to see who SBF bought off, I mean donated to. :coffee:

(And he admitted as much in a text message exchange with a reporter)
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Re: Crypto

Post by houndawg »

BDKJMU wrote: Thu Nov 17, 2022 3:19 pm Have zero sympathy for any of these idiots who lost their shirts investing giant sums of money in a ponzi scheme run by a disheveled looking, late twenty something/30 yr old, badly in need of a haircut, who looked like he was dragged off the set of Animal House, who also was a far left, woke, mega donk donor. This whole thing is :rofl:
Comrade! :notworthy:
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Re: Crypto

Post by SDHornet »

Winterborn wrote: Fri Dec 02, 2022 6:55 am
SDHornet wrote: Thu Dec 01, 2022 9:32 pm This FTX story is wild. Aside from the biggest ponzi scheme in history, its looking like a total front for money laundering operations on a global scale. Wow.
It is interesting to see who SBF bought off, I mean donated to. :coffee:

(And he admitted as much in a text message exchange with a reporter)
Yeah, any other person would already be in jail. He apparently bought off the right people on both sides of the aisle...that and there is also an element to this whole thing that is, well, as they say "glowing".
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Re: Crypto

Post by houndawg »

SDHornet wrote: Thu Dec 01, 2022 9:32 pm This FTX story is wild. Aside from the biggest ponzi scheme in history, its looking like a total front for money laundering operations on a global scale. Wow.
The new Panama Papers?
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Re: Crypto

Post by SDHornet »

houndawg wrote: Sat Dec 03, 2022 5:25 pm
SDHornet wrote: Thu Dec 01, 2022 9:32 pm This FTX story is wild. Aside from the biggest ponzi scheme in history, its looking like a total front for money laundering operations on a global scale. Wow.
The new Panama Papers?
I think this is bigger. :twocents:
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Re: Crypto

Post by Winterborn »

SDHornet wrote: Fri Dec 02, 2022 11:12 pm
Winterborn wrote: Fri Dec 02, 2022 6:55 am

It is interesting to see who SBF bought off, I mean donated to. :coffee:

(And he admitted as much in a text message exchange with a reporter)
Yeah, any other person would already be in jail. He apparently bought off the right people on both sides of the aisle...that and there is also an element to this whole thing that is, well, as they say "glowing".
Both sides of the political spectrum, newspapers, magazines, etc. Dems got $40 million (second highest donor of 2022), and R's supposedly got the same but he never announced it as reporters would "freak the f-k out" he said (which I find hilarious).
“All my Republican donations were dark,” SBF told crypto influencer and YouTuber Tiffany Fong, referring to political donations that aren’t publicly disclosed. “The reason was not for regulatory reasons, it’s because reporters freak the fuck out if you donate to Republicans. They’re all super liberal, and I didn’t want to have that fight.”
https://fortune.com/crypto/2022/11/29/s ... ark-money/

NASSAU, Bahamas—FTX founder Sam Bankman-Fried said he couldn’t explain what happened to billions of dollars that customers of his failed cryptocurrency exchange sent to the bank accounts of his trading firm, Alameda Research.

And he said he couldn’t rule out the possibility that money deposited by FTX customers who were told their money was theirs alone was in fact lent to Alameda.

In an interview with The Wall Street Journal, Mr. Bankman-Fried distanced himself from Alameda, saying he had stepped back from running the firm and had little insight into its workings even though he owned 90% of it.

Some FTX customers made deposits by wiring money to Alameda-controlled bank accounts, with the intention that the money be used to fund their FTX accounts. That was a legacy of the exchange’s early days when FTX didn’t have its own bank account, Mr. Bankman-Fried said. Over time, FTX customers deposited more than $5 billion in those Alameda accounts, he said. Now those funds are gone.
https://www.wsj.com/articles/ftx-founde ... djemcrypto
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Re: Crypto

Post by kalm »

Winterborn wrote: Sun Dec 04, 2022 5:12 pm
SDHornet wrote: Fri Dec 02, 2022 11:12 pm

Yeah, any other person would already be in jail. He apparently bought off the right people on both sides of the aisle...that and there is also an element to this whole thing that is, well, as they say "glowing".
Both sides of the political spectrum, newspapers, magazines, etc. Dems got $40 million (second highest donor of 2022), and R's supposedly got the same but he never announced it as reporters would "freak the f-k out" he said (which I find hilarious).
“All my Republican donations were dark,” SBF told crypto influencer and YouTuber Tiffany Fong, referring to political donations that aren’t publicly disclosed. “The reason was not for regulatory reasons, it’s because reporters freak the fuck out if you donate to Republicans. They’re all super liberal, and I didn’t want to have that fight.”
https://fortune.com/crypto/2022/11/29/s ... ark-money/

NASSAU, Bahamas—FTX founder Sam Bankman-Fried said he couldn’t explain what happened to billions of dollars that customers of his failed cryptocurrency exchange sent to the bank accounts of his trading firm, Alameda Research.

And he said he couldn’t rule out the possibility that money deposited by FTX customers who were told their money was theirs alone was in fact lent to Alameda.

In an interview with The Wall Street Journal, Mr. Bankman-Fried distanced himself from Alameda, saying he had stepped back from running the firm and had little insight into its workings even though he owned 90% of it.

Some FTX customers made deposits by wiring money to Alameda-controlled bank accounts, with the intention that the money be used to fund their FTX accounts. That was a legacy of the exchange’s early days when FTX didn’t have its own bank account, Mr. Bankman-Fried said. Over time, FTX customers deposited more than $5 billion in those Alameda accounts, he said. Now those funds are gone.
https://www.wsj.com/articles/ftx-founde ... djemcrypto
So for those who support Citizens United, we get guys like this influencing regulations and political outcomes.

Congrats!
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Re: Crypto

Post by houndawg »

SDHornet wrote: Fri Dec 02, 2022 11:12 pm
Winterborn wrote: Fri Dec 02, 2022 6:55 am

It is interesting to see who SBF bought off, I mean donated to. :coffee:

(And he admitted as much in a text message exchange with a reporter)
Yeah, any other person would already be in jail. He apparently bought off the right people on both sides of the aisle...that and there is also an element to this whole thing that is, well, as they say "glowing".
Or he took a lesson from Bernie Madoff and was careful about whom he stole from
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Re: Crypto

Post by houndawg »

Gil Dobie wrote: Wed Jun 23, 2021 8:57 am Basically, what is our money right now. We are headed in the direction of money and coinless society. It will all be cards and microchips eventually.
There will always be an unofficial currency tied to the value of something like marijuana for barter.
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