The Crypto Thread

anon3530961 · February 21, 2022, 9:48pm

Just what is so embarrassing about it? Seemed fine to me… I was able to read and understand the email. Really I think a Jr high level of writing maximum is what should be used for almost any sort of communication. Are you wanting them to pull out a thesaurus lol

beetlejuice · February 21, 2022, 10:05pm

I’m sure the French translation was much more eloquent

Aofrantic · February 21, 2022, 10:07pm

I would expect basic professionalism when dealing with a subpoena?

It reminds me of the scene in The Big Short when the two guys are giddy over the market crashing and Pitt laye into them. If fiat is worth nothing, we’re at countless dead and homeless people. They think this is funny, or worth rooting for.

suzzer99 · February 21, 2022, 10:08pm

https://twitter.com/jasonschreier/status/1495879025524420615

https://twitter.com/adage/status/1493020001351213061

lol

Riverman · February 21, 2022, 10:21pm

Inflation hedge and flight to safety right

Also very much a store of value, totally normal stuff here

mukdukaluk · February 21, 2022, 10:25pm

I mean this seems like a pretty arbitrary, if amusing, criticism. Like what even makes an ad agency, isn’t the old adage ‘50% of advertising works, it’s just that nobody knows which 50%’

anon29622970 · February 21, 2022, 10:27pm

That letter is really dumb, and even as someone who finds this stuff interesting makes me think their company is run by morons.

This whole pearl clutching slippery slope bullshit over the trucker convoy just shows how good conservatives are at baiting liberals. You know how conservatives got so powerful in the US? By not giving a shit about arguments like this and just power grabbing at every opportunity.

anon3530961 · February 21, 2022, 10:30pm

Isn’t that price higher than the last time you shared an update of the Bitcorn price with us

anon12304106 · February 21, 2022, 10:38pm

I think the lol bitcoin is overblown, but I do think there are real warning lights flashing on the near-term inflation hedge thesis. BTC is sort of underperforming both holding fiat and risk assets in an inflationary environment over the last year and now we seem to be heading into a rate hike cycle that will make holding zero-yield assets less attractive. Obviously a different story on returns longer-term, but part of why I’m very skeptical of the risk/reward at current levels.

ChrisV · February 21, 2022, 10:46pm

Yeah I will be looking to draw down my crypto holdings, but it’s difficult because I also need to buy monkey jpgs.

anon12304106 · February 21, 2022, 11:02pm

I wouldn’t really want to hold those into a tightening cycle either. I could see the trading environment becoming either more or less profitable, hard to say, but I don’t think holding the “blue chippers” into a tightening cycle is super attractive.

Trolly · February 22, 2022, 12:21am

https://twitter.com/cokedupoptions/status/1495909427152846849?s=21

Xiaolongbao · February 22, 2022, 12:49am

“Our ad was better than the Larry David and Lebron James ads. It was so good that it crashed our servers for the millionth time.”

suzzer99 · February 22, 2022, 1:20am

Seems likely the server crash was planned by the way they’re instantly crowing about it.

Xiaolongbao · February 22, 2022, 1:25am

Their servers crash all the time whenever bitcoin price plunges/pumps. Not sure if they just suck at handling increases in traffic or if there is something more cynical happening.