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7 December 2022, 10:34 AM | #421 |
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and here we go...
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7 December 2022, 10:51 AM | #422 |
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His family is wealthy... besides, the DNC can forward him the monies.
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9 December 2022, 06:52 AM | #423 |
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9 December 2022, 11:58 AM | #424 | |
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9 December 2022, 03:18 PM | #425 |
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Guess we should ask ourselves who benefitted from his actions. Follow the _____.
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10 December 2022, 12:15 AM | #426 | |
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^^ crypto in a nutshell ^^ |
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10 December 2022, 12:37 AM | #427 |
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i just hope they honestly follow the money when the lawsuits come down.... and they name names and have them before the court too. The whole Ghislaine Maxwell thing was a bust as they never named or prosecuted the politicians, famous, and rich 'Johns'. But in reality, let's face it, we all know he's fine as are those who greatly benefitted financially.
Business as usual.
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10 December 2022, 12:41 AM | #428 |
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Is crypto just the final stage of capitalism? Wherein you pay everything and receive nothing, and imaginary tokenized NFT sandwiches cost more than a real sandwich?
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10 December 2022, 12:44 AM | #429 | |
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10 December 2022, 12:06 PM | #430 |
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https://web3isgoinggreat.com/?id=ceo...-bankman-fried
Turns out a major crypto publication has been bought and paid for by FTX for close to two years. If anyone's been using The Block to make investment decisions (or citing anything they've written to bolster a pro-crypto argument) it may be time to rethink your sources. |
10 December 2022, 07:43 PM | #431 |
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I apply the rule: “do not invest in something you do not understand”.
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11 December 2022, 01:54 AM | #432 |
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I don’t think it’s the end stage of capitalism. I do think it is in the Minsky Ponzi Unit of valuation phase of its current cycle though. I think it’s more indicative of a fractional banking system being taken advantage of by public sector that cannot stop spending. It’s like an addiction to the public sector. I guess inflation is one way to inflate away your obligations. The increased rates and inflation rates that will increase nominal rates, sure does seem to benefit the defunct Social Security program in the long run though as Age demographics evolve. Now their estimated rate of return assumption makes the programs look less underfunded. Sure seems like a shortcut to me.
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11 December 2022, 01:59 AM | #433 |
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I agree. But 99.9% of folks don’t even understand the most basic equities and debt instruments. Unless one can understand financial statement analysis at a professional level, they’re just essentially speculating. No matter how many news articles read. So many imo don’t understand the difference between a good stock and a good company.
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11 December 2022, 05:46 AM | #434 |
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Great window of opportunity I missed.. I'm relieved as I almost got into it last year thinking I should probably have some. Not anymore. Best of luck gentlemen.
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13 December 2022, 09:56 AM | #435 |
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Wow, they actually arrested FTX guy.
So, he walks free, gets jail time, or 'suicide'? Wha cha think?
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13 December 2022, 09:59 AM | #436 |
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End of Crypto?
He wears orange to testify before the House Financial Services Committee tomorrow…
Sent from my iPhone using Tapatalk Pro
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13 December 2022, 10:03 AM | #437 | |
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My guess is he gets fed massive amounts of L?D in an isolation cell while being played sound loops to drive him mad. |
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13 December 2022, 10:25 AM | #438 |
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Okay. I’m going to be “that guy”.
Clearly I called this. Just sayin. Too big for it not to happen. Simply can’t go unpunished or at a minimum uninvestigated (I know, not a word). The politicians would never live it down. I say he gets squished at some point. Some folks are really angry.
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13 December 2022, 10:41 AM | #439 |
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13 December 2022, 10:42 AM | #440 |
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i think there was news that came out this week that basically pointed to FTX US operating under the same ponzi as the one in the bahamas. previously he said FTX US operated as a separate entity but with the US operation also declaring bankruptcy as part of the rest more questions started being asked. i guess now it becomes a US problem and all his donated money might not be enough for the feds to turn the other way. who knows
btw Gary Gensler has yet to make any statements on this whole thing. same guy who calls btc too dangerous and consistently blocks etf requests even from giants like fidelity. apparently now is the time for him to stay quiet despite being vocal about it for 2 years. the icing on the cake would be if they somehow found a way to get him out of the SEC or locked up, but i know that'll never happen sadly |
13 December 2022, 10:56 AM | #441 |
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But, like, this is just the beginning of his personal journey, yaknow? This wasn’t the right stage in his life to be a billionaire CEO, and he’s had a bad month for sure, but he’ll be onto bigger and better things.
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13 December 2022, 11:10 AM | #442 |
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Anyway, the Feds aren’t good at many things, but they do have a high conviction rate. Goodbye, Sam. It’s been real
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13 December 2022, 11:19 AM | #443 |
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Sam Bankman Fried has been arrested and is in jail.
BREAKING: SBF has been charged with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, per NYT. and that is just for starters... |
13 December 2022, 11:19 AM | #444 | |
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13 December 2022, 11:26 AM | #445 |
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13 December 2022, 11:27 AM | #446 | |
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I've made several large physical goods luxury purchases using crypto. in all practicality sake, it actually makes much more sense to use Crypto. |
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13 December 2022, 11:38 AM | #447 |
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Bloomberg: FTX Bankruptcy Means $73 Million in Political Donations at Risk of Being Clawed Back
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13 December 2022, 12:22 PM | #448 |
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13 December 2022, 12:40 PM | #449 |
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"[T]he resource FTX, Binance, and all of the other bankrupt or soon-to-be-bankrupt crypto exchanges are competing for is not, say, wood that could be processed into timber, but a steady supply of suckers looking to make a buck in a zero-sum casino game. This is something of a renewable resource, it turns out, but it is not an inexhaustible one."
https://defector.com/binance-lawyer-...human-pyramid/ https://www.reuters.com/markets/us/u...es-2022-12-12/ Sometimes I think I should just start a company called DummyCashForDummies, wherein I show nothing but contempt for the state of crypto and its basic tenets, but still offer it for sale/minting to the community, just to see how many people take the bait while being explicitly insulted. But then I remember: someone's already beat me to it; that's almost literally how DogeCoin got started. |
13 December 2022, 05:29 PM | #450 |
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