+1 NFT for posting in new thread
Was this real?
https://twitter.com/CasPiancey/status/1527000967136219137?s=20&t=f7wrln5HBfzoXCoDvoEPQw
doubt it but iāve spent zero time investigating it
Looks to be real
Clicked through to the twitter:
Lol at thinking it is real. Itās a parody. Really weird how the same people totally disinterested keep stumbling on to this stuff with 44 twitter followers!
1 Like
I genuinely donāt get why the SEC isnāt doing more about this. How do you have a YC-backed startup just running an unregistered hedge fund out in the open? Itās not even the scamming partāeven if you did what theyāre describing honestly, itās illegal! Arenāt there any ambitious prosecutors out there who want to make a bunch of slam-dunk cases to advance their careers?
3 Likes
Whatever happens, though, the jagged history of crypto shows that foolish risk creates its own aesthetics. The crypto-bro investor does not evoke vicarious excitement, like a stuntman jumping motorcycles or a daredevil mountaineer, because his antics at the keyboard donāt appear to take much skill. Heās more like a bettor at the track who picks the winning horse at random, or a country-club jerk who hits a lucky hole in one. Watching him may elicit wonder at his cosmic luckāa mathematical sublimity. But no one would describe his victory as a beautiful achievement.
Thatās why we end up feeling nauseated at the crypto broās success: Itās so unearned, it makes us sick. But our schadenfreude is a product of the same illusion. Weāre not reveling in our prudence, so much as weāre indulging in an even lamer form of grandiosity. āIt could have been meā was a lie from the start: Sure, we might have profited 10,000-foldāand then lost everything a few years laterābut probably not. If my folks and I had purchased Netscape at its IPO, we wouldnāt now be plutocrats. Weād have put a few thousand dollars in, at most, and then sold off our stocks when their value had tripled or quadrupled. Weād have made a little money and been glad. As for crypto, I bought a thousand bucksā worth a while back and am down by half. Whatever. The fantasy of failing to achieve a massive gain, and then also of averting bankruptcy, flatters us twice over. The truth is more banal: It could never have been me.
4 Likes
fwiw, Coca-Cola isnāt in the bottling business. Better analogy would have had something to do with marketing.
They donāt have anyone on their staff that understands crypto.
SEC guy said so himself that they need more money to hire crypto experts.
Typical patriarchy
The DAO makes use of blockchain to link up different female communities and to build a unified community with shared-interests, thereby creating a wonderful world that is fairer, more equal for women and more sustainable.
Amazing what blockchain can do 
The number of Youtube LIVE scames recommended to me by fake accounts offering free bitcoin double ups (send 1x BTC to this and receive 2x in return!) is rather impressive.
1 Like
Do Kwon, the creator of the stablecoin TerraUSD (UST) and its sister token Luna, is facing legal prosecutions in South Korea over the collapse of the two coins that have wiped billions of dollars off investors around the world earlier this month.
The Seoul Southern District Prosecutorsā Office said Friday that it has kicked off an investigation on Terraform Labs, the organization behind the stablecoin project Terra led by Do Kwon, and assigned the case to its Financial and Securities Crime Joint Investigation Team, a special financial crimes unit brought back recently by the newly appointed justice minister Dong-hoon Han, according to local media.
The announcement came a day after five Korea-based crypto investors with combined damages of 1.4 billion won (about $1.1 million) filed criminal complaints against Kwon and his Terraform co-founder Daniel Shin over charges of fraud and other violations of financial regulations.
South Koreaās financial authorities estimated that about 280,000 users owned a combined amount of 70 billion Luna in Korea.
ā¦