The Crapto Thread

Best of all, no tipping. Makes a huge difference in terms of overall dining cost.

https://twitter.com/wheresaddie/status/1594360115532111873?s=20&t=XnAw8z2lI9dg4ELoh9w5Ug

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Nah he’s toast.

Yeah, the “don’t want to ruin his life” stuff works for rapists like that Stanford kid Turner who was a student-athlete type. A lot of the people how might intervene on behalf of someone like that will see SBF as a weirdo dork.

Yeah this guy is going away for a very long time. You can get away with pretty much anything in white collar america other than making other rich americans lose money. See Skilling, Lay, Madoff, Holmes. Its completely fine to rob foreigners like lol softbank.

Or to rip off a bunch of consumers and/or middle class investors. That’s just smart business.

Genesis BUSTO

https://www.bloomberg.com/news/articles/2022-11-21/crypto-firm-genesis-warns-of-possible-bankruptcy-without-funding

Reminded me of Sam and Caroline:

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Crap dang it

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Uh oh!

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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.

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While fully agreeing that all of this could go to literal zero…why are you so confident? Just curious

coinbasestolemymoney.com perks up

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

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In other news, Disney stock up 8 percent today after they fired their CEO.

22 posts were merged into an existing topic: Stonks, Bonds and the Economy - Thread 2

People writing articles like these…should have their pens taken away.

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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.

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Haaaa was coming here assuming someone had posted this.

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