It’s pretty interesting watching the tone in conversation in an attempt to continue the push the product for “somebody”. Like Coinbase “fearing” possible contagion as if they had any chance of existing in 5 years regardless of FTX. … “Covid winter” as if there is any catalysts remaining for another possible surge in this economy regardless of dodging regulation.
1 Like
While fully agreeing that all of this could go to literal zero…why are you so confident? Just curious
https://twitter.com/jakethedegen/status/1594847189205135362?s=20&t=FuWz3azGQBRIPJZBX8_qHQ
https://twitter.com/jakethedegen/status/1594847477676621824?s=20&t=FuWz3azGQBRIPJZBX8_qHQ
https://twitter.com/jakethedegen/status/1594853606326697984?s=20&t=FuWz3azGQBRIPJZBX8_qHQ
15 Likes
In other news, Disney stock up 8 percent today after they fired their CEO.
People writing articles like these…should have their pens taken away.
1 Like
So bad it made me laugh. It’s like there were two articles, one describing FTX’s failure and one fawning over Ellison’s career, and someone just pasted paragraphs with no transitions, back and forth
“It was like, wow, the process for doing things is just someone suggests something and then someone codes it up and releases it,” she said in the FTX podcast. “An hour later and it’s already happened.”
After nearly four years at Alameda — more than one of which the 28-year-old spent as CEO — Ellison was fired by the bankrupt cryptocurrency exchange on Friday
and
the biggest unsecured creditor is owed more than $226 million alone, while the rest of the customers making up the 50 largest claims are each owed at least $21 million, Bloomberg reported.
In the FTX podcast episode, Ellison described her decision to follow Bankman-Fried on his endeavors and their shared sentiment of “effective altruism” that led to creating the Future Fund, formed to make grants to nonprofits and investments in socially impactful companies.
2 Likes
Haaaa was coming here assuming someone had posted this.
1 Like
No stonks in the crapto thread unless crapto stonks
1 Like
https://twitter.com/kadhim/status/1595085066123841536?s=20&t=TsdEaRKhmDFxaDJ2eWVcDw
https://twitter.com/kadhim/status/1595100024626896896?s=20&t=TsdEaRKhmDFxaDJ2eWVcDw
https://twitter.com/kadhim/status/1595103530804731905?s=20&t=TsdEaRKhmDFxaDJ2eWVcDw
https://twitter.com/kadhim/status/1595104527744655362?s=20&t=TsdEaRKhmDFxaDJ2eWVcDw
1 Like
1 Like
Maybe he can call his bank and they will refund him.
https://twitter.com/boshen1011/status/1595265219898789888?t=2Va7BZa15cH9oEQAvwVi-w&s=19
1 Like
If only there were some form of insurance, maybe even like a pool of money administered by the government, to make people whole in such situations. Oh right crypto is so awesome precisely because it doesn’t have anything like that.
There’s a persistent myth among crypto dabblers that because all the transactions are on the public blockchain its not possible to get defrauded. One of the first things you’ll learn about Bitcoin is this self regulating aspect which I think makes some casual participants overconfident in the security.