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ymgve posted:is this alameda research just bankman-fried in a big coat? I don't think there is even a coat.
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Nov 10, 2022 16:50
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happyhippy posted:All the crypto dudes believed a guy just because he has a double barrelled name and one of them had 'bank' in it. The boom mic, so professional
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Nov 10, 2022 16:52
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kw0134 posted:Oh, we're in the wildcat banking stage of reinventing finance capitalism and have entered the Panic of 1837 era of "why we don't do this poo poo." it owns so hard lol
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Nov 10, 2022 16:55
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i just want to do a little math with the numbers from this article ftx had $16 billion of "customer funds" (and, thus, $16b of customer liabilities) it sent $10 billion to alameda and got, well, some chuck-e-cheese tokens it then had $5 billion of customer withdrawals what does that mean about how turbo-hosed anyone whose withdrawals were not processed/didn't get one sent in time
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Nov 10, 2022 16:56
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kw0134 posted:Oh, we're in the wildcat banking stage of reinventing finance capitalism and have entered the Panic of 1837 era of "why we don't do this poo poo." The Steely Dan effect
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Nov 10, 2022 16:59
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hotdog feet posted:went to bed with some filthy fiat money in my wallet and it's still in there today, nice but does that dirty fiat money look like a bored ape? Also what was the point of tether?
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Nov 10, 2022 17:03
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The best thing about this Twitter thread is when he pretends Alameda Research is a different person: https://twitter.com/SBF_FTX/status/1590709189370081280?s=20&t=sC1mysSaU1Xqpw5cjzBdCg
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Nov 10, 2022 17:27
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CSM posted:The best thing about this Twitter thread is when he pretends Alameda Research is a different person: https://twitter.com/netcapgirl/status/1590431481385857024
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Nov 10, 2022 17:38
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happyhippy posted:All the crypto dudes believed a guy just because he has a double barrelled name and one of them had 'bank' in it. it's incredible, why would you trust a fried man about a bank?
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Nov 10, 2022 17:39
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I look at these tweets and I don't even know if this is the real SBF or some impersonator that bought a blue check for $8 because I have no clue what his twitter handle was nor do I care to find out. That's the end of my twitter rant
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Nov 10, 2022 17:42
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Big Burke from Aliens energy. https://youtu.be/v59yQPlU3QU
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Nov 10, 2022 18:01
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Paladinus posted:If you're an investor, only give money to support mains. Like me. Support mains are the subs of the gaming world.
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Nov 10, 2022 18:14
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Such a punchable face.
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Nov 10, 2022 18:14
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evilweasel posted:i just want to do a little math with the numbers from this article I mean, a major venture capital firm wrote down an almost quarter billion dollar stake in FTX to zero. Not re-selling it for pennies on the dollar, not holding onto it so they don't have to realize the loss right now, not hunkering down while they throw money at lawyers to try and get loving SOMETHING back on that, just wrote that fucker off like it was a totaled 1990 Camry. That should tell you everything you need to know.
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Nov 10, 2022 18:18
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Cyrano4747 posted:I mean, a major venture capital firm wrote down an almost quarter billion dollar stake in FTX to zero. Not re-selling it for pennies on the dollar, not holding onto it so they don't have to realize the loss right now, not hunkering down while they throw money at lawyers to try and get loving SOMETHING back on that, just wrote that fucker off like it was a totaled 1990 Camry. This isn't sailors needing to get worried when they see the rats swimming for shore, this is watching rat-Noah march the cockroaches onto a tiny ark two by two while flipping your captain the bird.
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Nov 10, 2022 18:19
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https://twitter.com/RMFifthCircuit/status/1590746721860321282
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Nov 10, 2022 18:26
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We really are gonna see a whole generation of people who tweeted themselves into long prison sentences.
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Nov 10, 2022 18:28
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Neito posted:Support mains are the subs of the gaming world. So?
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Nov 10, 2022 18:29
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smellmycheese posted:Sowing / Reaping .tweet https://www.youtube.com/watch?v=qVFUgYfLhZI
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Nov 10, 2022 18:33
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https://twitter.com/RMFifthCircuit/status/1590750774119657481?t=25LF1xBYoP2-5npMtTfS6g&s=19 Amazing.
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Nov 10, 2022 18:37
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lol are there people still out there who think going to law school means someone is automatically smart or capable of critical thinking
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Nov 10, 2022 18:38
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clearly the warren buffett of crypto
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Nov 10, 2022 18:38
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halokiller posted:clearly the warren buffett of crypto he's the golden corral buffet of crypto
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Nov 10, 2022 18:39
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haljordan posted:he's the golden corral buffet of crypto That's not accurate at all. A golden corral buffet can at least feed a family of 4.
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Nov 10, 2022 18:41
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Cyrano4747 posted:That's not accurate at all. lmao
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Nov 10, 2022 18:42
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Cyrano4747 posted:That's not accurate at all. lol gently caress
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Nov 10, 2022 18:42
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Cyrano4747 posted:That's not accurate at all. dear god, man, he's already dead
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Nov 10, 2022 18:46
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Literally every cryptodude has a spiel on how banks are bad because fractional reserve banking is a scam, then they throw their money into cryptobanks that do fractional reserve banking but ten million times riskier
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Nov 10, 2022 18:53
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There Bias Two posted:https://twitter.com/RMFifthCircuit/status/1590750774119657481?t=25LF1xBYoP2-5npMtTfS6g&s=19 I'm going to go back and read this and start giggling every few hours. -- So my understanding of this whole system is: -Russian, Iranian, and North Korean government entities create shitcoin and astroturf interest in them -legitimate institutional investors like pension funds invest millions into crypto exchanges meant to grow the business -These crypto exchanges instead use the money to pump shitcoins to draw "mom and pop" investors into the hype to make money off of transaction fees -Rugpulls, hacks, etc -Sanctioned entitites now have funds outside of their country to use for clandestine operations. -Institutional, individual investors, and exchanges now have nothing Also, Tuesday's NOVA was on crypto. I'm watching it now, i expect laughs in hindsight considering FTX comes up a lot in the opener. https://www.pbs.org/wgbh/nova/video/crypto-decoded/
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Nov 10, 2022 18:55
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There Bias Two posted:https://twitter.com/RMFifthCircuit/status/1590750774119657481?t=25LF1xBYoP2-5npMtTfS6g&s=19 loving LOL. it all makes so much sense now. I hope he gets real jail time.
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Nov 10, 2022 18:56
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Cyrano4747 posted:That's not accurate at all. 
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Nov 10, 2022 18:56
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If anyone is curious about the relationship between SBF, FTX, and Alameda, FT posted this chart to help explain simple, really
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Nov 10, 2022 18:58
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Cyrano4747 posted:I mean, a major venture capital firm wrote down an almost quarter billion dollar stake in FTX to zero. Not re-selling it for pennies on the dollar, not holding onto it so they don't have to realize the loss right now, not hunkering down while they throw money at lawyers to try and get loving SOMETHING back on that, just wrote that fucker off like it was a totaled 1990 Camry. no that just tells me creditors are impaired (so equity gets nothing) the math above says if depositors are lucky they get 37% but probably sub-9%
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Nov 10, 2022 19:00
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yeah I don't know what fiduciary duties Antigua imposes on a ceo but this tweet thread is an open and shut case of violating us fiduciary duties not that you really need it since "well I sent all the money to my wholly-owned hedge fund and gave back some magic beans" is too
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Nov 10, 2022 19:02
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"US customers are completely okay" sounds unlikely
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Nov 10, 2022 19:06
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Powershift posted:I'm going to go back and read this and start giggling every few hours. Yes, and a bunch of clueless techbros who love being out front that will faceroll any problem or red flag they can't just ignore, because it's now their safe social community and the arrogance of money sinks in deep fast and hard
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Nov 10, 2022 19:07
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Chromatics posted:"US customers are completely okay" sounds unlikely according to a leaked org chart the us entity and the foreign entity are unrelated entities, the foreign one doesn't own the us one also of note: the same org chart says alameda is entirely independent of both. lol.
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Nov 10, 2022 19:11
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US entity is separate but is also run by crypto idiots who gamble customer funds into various proprietary token shitcoins. All of these people run their company like a regular bank making 3-4% interest or whatever for a few months or a year, get bored because that's lame, and then gamba everything to get MOON LEVEL returns. Rad Russian fucked around with this message at 19:21 on Nov 10, 2022 |
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Nov 10, 2022 19:18
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*names both entities in suit* "N...NO! How could they nail us like this?!"
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Nov 10, 2022 19:24
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Waffle House posted:*names both entities in suit* *george bluth sr voice* "they can't charge the same two entities with the same crime"
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Nov 10, 2022 19:26
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