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maruhkati
Sep 29, 2021

NAZ REID

Everyone's getting hosed, they were just the only ones enjoying it

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AnimeIsTrash
Jun 30, 2018

I saw that Tether's USD coin also dropped below $1 today. Lol

Horseshoe theory
Mar 7, 2005

https://twitter.com/ethstash/status/1590813730606030848

Supposedly, Sam Bankman-Fried was stopped (arrested?) at the airport in the Bahamas while trying to go to Miami (why?)... :thunk: I would think he would have gone to a non-extradition treaty country, but I guess that's why I don't run the big boy Ponzi schemes!

Hatebag
Jun 17, 2008


Sam, Bankman here

fermun
Nov 4, 2009
ontario's teachers union pension fund had $95 million in those guys, lmao.
https://twitter.com/CP24/status/1590869415419158536
they have a $221 billion in their pension fund but still, lol, lmao

Random Asshole
Nov 8, 2010

fermun posted:

ontario's teachers union pension fund had $95 million in those guys, lmao.
https://twitter.com/CP24/status/1590869415419158536
they have a $221 billion in their pension fund but still, lol, lmao

Did you mean to say million? Because I’d loving love it if a Canadian teacher’s union had Bezos-level wealth, but somehow that seems unlikely.

Mr. Lobe
Feb 23, 2007

... Dry bones...


I'd respect it more if they squandered those teachers pensions on penny stocks.

Horseshoe theory
Mar 7, 2005

https://twitter.com/CryptoKaleo/status/1590784837748920320

":qq: Why did I get owned for not diversifying, why?!? :qq:"

fermun
Nov 4, 2009
no, they're huge, also i guess 221 billion was 2021's numbers and it's 227 billion now.
https://www.weforum.org/organizations/ontario-teachers-pension-plan/

Cup Runneth Over
Aug 8, 2009

She said life's
Too short to worry
Life's too long to wait
It's too short
Not to love everybody
Life's too long to hate



They were living in a single room!

Petey
Nov 26, 2005

For who knows what is good for a person in life, during the few and meaningless days they pass through like a shadow? Who can tell them what will happen under the sun after they are gone?
they weren't in a polycule and i think they all got hopelessly ea-pilled

babypolis
Nov 4, 2009

bust rodd was keeping busy while banned i see

30.5 Days
Nov 19, 2006

Petey posted:

they weren't in a polycule and i think they all got hopelessly ea-pilled

Yeah I saw the polycule thing and I was expecting a lot of gossip and hilarious stories but it turns out that the CEO of FTX and the CEO of the shell company they did all the risky trading with sometimes dated and both lived in the bahamas house.

Ramrod Hotshot
May 30, 2003

bbbut Matt Damon said I’d get rich!

https://twitter.com/chainsawdotcom/status/1591993317138784256?s=46&t=Yf8lv7mufO57MQn4T0BO4Q

ekuNNN
Nov 27, 2004

by Jeffrey of YOSPOS
"Data from Nayib Tracker on the value of El Salvador’s Bitcoin holdings, with some of Salvadoran President Nayib Bukele’s tweets added:"

https://afloweroutofstone.tumblr.com/post/700932985393954816/hows-the-el-salvador-bitcoin-position-holding-up
"The Salvadoran government has so far lost $68 million on Bitcoin, $11 million of which was in the last week alone. "

Mr. Lobe
Feb 23, 2007

... Dry bones...


That's honestly less than I'd have expected if that's all they've lost from bitcoin

68 million is less than the pocket change Bezos doled out to his paramour to give to dolly parton

Do they just have a really small economy?

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

Mr. Lobe posted:

That's honestly less than I'd have expected if that's all they've lost from bitcoin

68 million is less than the pocket change Bezos doled out to his paramour to give to dolly parton

Do they just have a really small economy?

If you directly convert from local currencies to USD (or crypto) most of the global South gets really really hosed over. Bezos is absolutely worth more than the nominal GDP of many countries.

Tunicate
May 15, 2012

ikanreed posted:

If you directly convert from local currencies to USD (or crypto) most of the global South gets really really hosed over. Bezos is absolutely worth more than the nominal GDP of many countries.

Another piece of context:

the mean salary for all full-time law firm jobs was $94,591
There are 1,370,696 people employed in the Law Firms industry in the US as of 2022.
Hiring every single employee of every single law firm in the US for a whole year would cost $130B. After losing $38B in his divorce Bezos can no longer afford that - he could hire a mere 95% of them.

aphid_licker
Jan 7, 2009


Nominal Salvadorean GDP is USD 25bn

AnimeIsTrash
Jun 30, 2018

Mr. Lobe posted:

That's honestly less than I'd have expected if that's all they've lost from bitcoin

68 million is less than the pocket change Bezos doled out to his paramour to give to dolly parton

Do they just have a really small economy?

Most of what he gambled on bitcoin came from the wealth of the poorest people in his country.

exmachina
Mar 12, 2006

Look Closer
From the Tech Nightmares thread:

Agents are GO! posted:

Exactly, this isn't the Cool Tech Dreams thread.

Here's something about the FTX collapse: apparently SBF wasn't just doing massive amounts of speed, he was abusing a Parkinsons medication that fucks with dopamine and has gambling addiction as a loving side effect.

Source is https://milkyeggs.com/?p=175. I don't know how reliable this blog is, but they do have visual proof of that drugs packaging on SBFs desk.

Edit: original source:
https://twitter.com/AutismCapital/status/1592237980458323969?s=20&t=6ktWMDRHNwd2uE1DTLPdPQ

https://twitter.com/AutismCapital/status/1592256921813520385?s=20&t=6ktWMDRHNwd2uE1DTLPdPQ

Dr. Killjoy
Oct 9, 2012

:thunk::mason::brainworms::tinfoil::thunkher:
weirdest thing about this poo poo is you're get weirdos practically crying that the regulators and cryptoskeptic journalists aren't doing anything to protect them

https://twitter.com/jillrgunter/status/1592956766400450562?s=20&t=REFP-KvUJTJnpUIrTK2L5g
https://twitter.com/gladstein/status/1592456031170629632?s=20&t=REFP-KvUJTJnpUIrTK2L5g

Dr. Killjoy has issued a correction as of 21:55 on Nov 16, 2022

Petey
Nov 26, 2005

For who knows what is good for a person in life, during the few and meaningless days they pass through like a shadow? Who can tell them what will happen under the sun after they are gone?
wow: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy

Horseshoe theory
Mar 7, 2005

https://twitter.com/unusual_whales/status/1592980286673145858

Odds on Binance imploding by month end? :thunk:

AnimeIsTrash
Jun 30, 2018

https://twitter.com/stephanie_murr/status/1592897414809391106

Lol

Centrist Dad
Nov 13, 2007

When I see your posting
College Slice

Is it BI-nance or bin-ANCE? Because I'll support it if it's BI-nance.

Foo Diddley
Oct 29, 2011

cat

Oyak posted:

Is it BI-nance or bin-ANCE? Because I'll support it if it's BI-nance.

bin-an-SAY

ekuNNN
Nov 27, 2004

by Jeffrey of YOSPOS
Binance is the neonazi one

ekuNNN
Nov 27, 2004

by Jeffrey of YOSPOS
https://twitter.com/SiegeRhino2/status/1593124933445758976

Lib and let die
Aug 26, 2004

Are they...learning?

Saltpowered
Apr 12, 2010

Chief Executive Officer
Awful Industries, LLC

Are we the rubes?

Riot Bimbo
Dec 28, 2006


If you will, God, I enter this as evidence that these moron apes can, in fact, be taught

Cup Runneth Over
Aug 8, 2009

She said life's
Too short to worry
Life's too long to wait
It's too short
Not to love everybody
Life's too long to hate


Bar Crow
Oct 10, 2012

Lib and let die posted:

Are they...learning?

no

Deep Dish Fuckfest
Sep 6, 2006

Advanced
Computer Touching


Toilet Rascal

Saltpowered posted:

Are we the rubes?

no, it's the normies who are wrong

Entorwellian
Jun 30, 2006

Northern Flicker
Anna's Hummingbird

Sorry, but the people have spoken.




Jesus Christ.

It was in front of them the whole time?!? :psyduck:

And there are other exchanges that are doing the same thing flol.

Scrub-Niggurath
Nov 27, 2007


god that would make such a good thread title lol

Weka
May 5, 2019

That child totally had it coming. Nobody should be able to be out at dusk except cars.

Scrub-Niggurath posted:

god that would make such a good thread title lol

Lib and let die
Aug 26, 2004

BlockFi filed for chapter 11. And it's good news.

Recessions increase total efficiency by killing firms that destroy more value than they create.

The general economy experiences recessions every ten years. Crypto – every 2-3 years.

Conclusion: crypto evolves five times faster than the traditional economy!

Crises ain't easy. People lose money and jobs. But in the long term, it makes us stronger and more resilient.

So while taking our time to grieve and help those impacted, we also need to find a space for joy – crypto utopia is coming closer.

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webcams for christ
Nov 2, 2005

lol we live in hellworld so that syq is absolutely more true than not. depends heavily on your definition of "utopia" though

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