The Crapto Thread

Thats not too far off from how gold works. We need to reign in on a BAYC standard to ensure confidence.

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20231116_221009

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https://www.bloomberg.com/news/articles/2023-11-20/us-seeks-more-than-4-billion-from-binance-to-end-criminal-case

https://twitter.com/BleacherReport/status/1725711439208345623?t=oGGdzmbyIzmzLkHN-I_8dg&s=19

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20231122_084753

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Great line from Drake. Wonder who wrote it for him.

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#INVESTING

Mr. Rinsch had begun using what remained of the $11 million that Netflix had wired his production company to place bets on crypto. He transferred more than $4 million from his Schwab account to an account on the Kraken exchange and bought Dogecoin, a dog-themed cryptocurrency, according to an account statement reviewed by The Times. Unlike his stock market investments, this one paid off: When he liquidated his Dogecoin positions in May 2021, he had a balance of nearly $27 million.

“Thank you and god bless crypto,” an elated Mr. Rinsch wrote in an online chat with a Kraken representative.

Mr. Rinsch then went on a spending spree. He bought five Rolls-Royces, a Ferrari, a $387,630 Vacheron Constantin watch and millions of dollars’ worth of high-end furniture and designer clothing. The tab came to $8.7 million, according to a forensic accountant hired by Ms. Rosés.

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Anybody know where you can but tinned fish on margin?

It comes as many regions struggle with fresh water shortages.

Up to three billion people worldwide already experience water shortages, a situation which is expected to worsen in the coming decades, the study notes.

“This is happening in Central Asia, but it’s also happening in the US, especially around California. And that’s only going to get worse as climate change gets worse,” Mr de Vries told the BBC.

In total, bitcoin consumed nearly 1,600 billion litres - also known as gigalitres (GL) - of water in 2021, the study, published in the journal Cell Reports Sustainability, suggests.

It says the 2023 figure could be more than 2,200 GL.

:vince3:

Good news everyone! Coinbase is back with some repackaged FOMO to solve all millennial’s problems. Somehow, in some way, Coinbase does this.

This should be a commercial for a wealth tax, increased taxes on high incomes, a better-funded IRS, busting monopolies, extinction of billionaires etc

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our economic system is broken. it’s gambletime babyyyy

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https://x.com/wclementeiii/status/1731042530626543794

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https://twitter.com/Reuters/status/1727733518904570111?t=9fXoovEKkZuX0tespCArdw&s=19

She said she needed $2.7 billion for the plane ticket to meet up

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Legend

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Her name was Emma. Emma Scamü

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hahahahahaha

In the article it’s $2.7 million.

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https://x.com/NYMag/status/1732922604078461321?s=20

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