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naem posted:the best part is this guy didn’t have any kind of plan, or goal It sounds like he has what basically sounds like a gambling/simulation addiction and he realized he could get more people to give him money to gamble/invest if he made motions about altruism during league of legends load screens
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Dec 23, 2022 17:02
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bort posted:I hope they can find the companies that got SBF investment. It's probably on a legal pad that he's forgotten about. oh poo poo I can't believe they came back.
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Dec 23, 2022 17:03
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https://twitter.com/Bitfinexed/status/1606317707552604160
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Dec 23, 2022 17:14
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bort posted:the JCS drop after a year of no videos: brosevoice ftw
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Dec 23, 2022 18:12
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murderer "she was like defensive! and stuff"
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Dec 23, 2022 18:13
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5 years binancian lol
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Dec 23, 2022 18:29
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twerking on the railroad posted:It sounds like he has what basically sounds like a gambling/simulation addiction and he realized he could get more people to give him money to gamble/invest if he made motions about altruism during league of legends load screens you know thats a good way to put it. So what kinda bets was alameda research doing? Like they were trading coins with other exchanges? gently caress I dont understand crypto how does it make money? is it money? https://www.youtube.com/watch?v=YAKOWcs8w54
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Dec 23, 2022 19:04
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Ups_rail posted:you know thats a good way to put it. There's a spreadsheet here: https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 Unsurprisingly there were a lot of terrible investments ("surely one of these blockchain/token/exchange/NFT/etc will have an actual use case")
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Dec 23, 2022 19:16
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drk posted:There's a spreadsheet here: https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 tag urself I'm CASH CHIPPER IDEAS INC
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Dec 23, 2022 19:21
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bort posted:I hope they can find the companies that got SBF investment. It's probably on a legal pad that he's forgotten about. Wow what a loving idiot. Clearly a life doing whatever the gently caress he wants suddenly meeting a situation he doesn't get a pass. gently caress him.
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Dec 23, 2022 19:23
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twerking on the railroad posted:It sounds like he has what basically sounds like a gambling/simulation addiction and he realized he could get more people to give him money to gamble/invest if he made motions about altruism during league of legends load screens if I had the sales skills to convince people to hand me billions, i’d: 1. hire professionals and yell “follow laws!!” at them and also “create records that we follow laws!” 2. hire lawyers to draft “in the event this business is not profitable I the undersigned hereby agree to walk away with like $45,000,000 bucks scott free, and these professionals I hired they all get a couple million too.” 3. as a completely optional stretch goal, maybe actually try to create a successful crypto business? doing, whatever that is like step two is my goal, step three is the sales pitch in the unlikely even step 3 somehow happens, recognize I’m an idiot with a good sales pitch and be a public figurehead guy and let the professionals do whatever that is all about
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Dec 23, 2022 19:44
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Foo Diddley posted:5 years binancian lol The best part of crypto is how decentralized it is
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Dec 23, 2022 19:46
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Ups_rail posted:you know thats a good way to put it.
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Dec 23, 2022 19:50
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 NICE
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Dec 23, 2022 19:52
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nice.
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Dec 23, 2022 19:54
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LifeSunDeath posted:
like a lovingly Blingee'd copy of the Ctrl-Alt-Delete strip, that's a nice loss
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Dec 23, 2022 20:02
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zedprime posted:If I understood the quote from Caroline correctly they were making ever increasing Martingale bets on shitcoins that instantly failed or rugpulled. I could understand this maybe a bit more in the earlier days of crypto, when poo poo like Doge were spiking despite being worthless, but isn't the shitcoin market entirely saturated with lovely pre-print scamcoins now?
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Dec 23, 2022 20:15
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Hello Sailor posted:Jesus did say to give away everything you own
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Dec 23, 2022 20:22
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Deki posted:I could understand this maybe a bit more in the earlier days of crypto, when poo poo like Doge were spiking despite being worthless, but isn't the shitcoin market entirely saturated with lovely pre-print scamcoins now? There's always room for another turd in the crypto bowl. The problem is, as mentioned above, these weirdos assigned a non-zero chance of these projects going up in value by infinity percent and thus calculated that the EV of purchasing more turds was basically always positive.
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Dec 23, 2022 20:27
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zedprime posted:If I understood the quote from Caroline correctly they were making ever increasing Martingale bets on shitcoins that instantly failed or rugpulled. lol I thought they would do the rug pulls not buy into the rug pulls
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Dec 23, 2022 21:00
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evilweasel posted:his parents don't have a $250m house
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Dec 23, 2022 21:08
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VitalSigns posted:Ok fine but as wealthy west coast professionals they could still have easily afforded a year in a Bahamas party house for their kid, he didn't even need to do any crimes, coulda just asked mom and dad for a hundred grand for rent and drugs instead he bought them a bahamas party mansion!
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Dec 23, 2022 21:10
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Ups_rail posted:lol I thought they would do the rug pulls not buy into the rug pulls That's because you don't grasp mathematics and statistics, or you'd understand that infinite risk = infinite return
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Dec 23, 2022 21:42
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VitalSigns posted:That's because you don't grasp mathematics and statistics, or you'd understand that infinite risk = infinite return Look, no one ever won money by NOT gambling.
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Dec 23, 2022 21:46
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what is it with this guy and shoes https://twitter.com/greg_price11/status/1606384121961451534
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Dec 23, 2022 23:36
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shoes are the mirror of the soul
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Dec 23, 2022 23:54
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Lol did the bahamas jail keep his shoelaces in case he tried to suicide?
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Dec 24, 2022 00:38
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CRUSTY MINGE posted:Lol did the bahamas jail keep his shoelaces in case he tried to suicide? Hey now we learned from Epstein it’s impossible to prevent a high profile inmate from committing suicide.
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Dec 24, 2022 00:40
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shame on an IGA posted:tag urself I'm CASH CHIPPER IDEAS INC The name’s Tactic. Tactic Spoak. <sips on a smooth martini>
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Dec 24, 2022 00:48
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https://open.substack.com/pub/serioustrouble/p/how-did-sam-bankman-fried-get-bailquote:The presumption for pretrial release in federal cases
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Dec 24, 2022 02:15
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https://twitter.com/cz_binance/status/1606435376163323904
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Dec 24, 2022 11:04
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Dec 24, 2022 11:29
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saw some video things congress critters sent a letter to the SEC when they were asking FTX for information, Congress critters basically said "dont waste peoples time/money" So that might be what SBF was buying. merry christmas bitcoin bros
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Dec 24, 2022 12:35
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Ups_rail posted:you know thats a good way to put it. Seems like their plan was simply that if they went around making every high-risk high-reward bet they could, eventually one of them would pay off and they’d be able to gloss over the ones that failed along the way. No real smarts about it, just trying to brute-force their way into finding the “next big thing”.
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Dec 24, 2022 12:48
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Reminds me a bit of how there were some real estate things back in the 80s/early 90s that did something similar. In one of the cases I seem to recall some folks did prison time or something, but then a few years later the market recovered. Some talk about how, "Well, had they been able to ride out the crisis for another couple of years, they would have been very successful and no one would have cared about the mishandling and illegal behavior because everyone would have made money."
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Dec 24, 2022 14:42
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https://twitter.com/cz_binance/status/1606435384656904193 So he's saying there is a conspiracy of bankers who are out to destroy Binance because it's such a raging competition to the big banks? https://twitter.com/cz_binance/status/1606435393028722694 LOL. I'm sure that's why people don't trust Binance at all, especially after the history of every other major exchange going belly up and stealing millions/billions from customers.
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Dec 24, 2022 22:44
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Is it possible our critics are huge racists? We don’t know, but it’s interesting…
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Dec 24, 2022 22:49
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PITY BONER posted:https://twitter.com/cz_binance/status/1606435384656904193 It’s confession by projection is what it is.
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Dec 25, 2022 00:19
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it costs $400000 to get Amy Castor to call CZ a fraud. for 12 seconds.
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Dec 25, 2022 00:28
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Holy lol, i thought "thread 1/98" was an absurdist joke
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Dec 25, 2022 00:42
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