$16 billion?
sucks2beme
Posts: 5,599
FTX crypto trading company is on the ropes. CEO Sam Bankman-Fried
lost $16 billion in one day. Major bloodbath of investors and the whole
Crypto market is underway. Think Bernie Madoff 2.0. Looks like Tom Brady
is going to also lose a fortune. There's a number of retirement funds involved
As well. Stand by for fun and games.
lost $16 billion in one day. Major bloodbath of investors and the whole
Crypto market is underway. Think Bernie Madoff 2.0. Looks like Tom Brady
is going to also lose a fortune. There's a number of retirement funds involved
As well. Stand by for fun and games.
"The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson
Comments
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oh boy!Speakers: Polk Lsim, ATC SCM19 v2, NHT SuperzeroSpeaker Cables: DH Labs, Transparent, Wireworld, Canare, Monster: Beer budget, Bose ears
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Luckily I followed the advice of Warren Buffett who said he wouldn't pay $25 for all the crypto in the world. Smart man.
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Made off and Bankman Fried...that should have been a tip-off right there.
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This is rapidly spilling over into the real finance world.
Add to it account hacking and frozen assets.
The guy pushed 10's of millions into the 2020 and 2022
elections. There was a good reason this slimeball had
his company headquartered out of country.
I guess Tom Brady is now broke. Oops.
"The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
I thought they said crypto was 'safe'.Don't take experimental gene therapies from known eugenicists.
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Glad I pulled all my crypto out in the summer
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"The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
I thought they said crypto was 'safe'.
Anything digital is not safe.
I fell into 10k that I was able to invest.
Put it into Ethereum @ 1900...
Only thing that keeps me sane is I'm in for the long haul.
Hope it doesn't end up like my Dad investing money in Bethlehem Steel back in the day. He had a chance to put his money into Bethlehem Steel or this new start up company called Polaroid... him being very conservative he went with the steel company. -
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nooshinjohn wrote: »Turns out Sam is a huge benefactor of a certain political party as well....
You're back on my BOZO list...
WHY?
It’s the truth after all….
Truth or not, political talk or innuendos on the subject are not allowed here. Well unless you're a member of the Clown Posse.
Aren’t YOU talking politics, and thus violating the rules with this post? I mean, you typed the word “political”…?
Oh, and I’m shocked (not) that you so quickly resorted to name calling. Sad.
Selfie?"Conservative Libertarians love the country, progressive leftists love the government." - Andrew Wilkow
“Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.”
― Aleksandr Solzhenitsyn -
$16B is chump change....
https://www.zerohedge.com/markets/amazon-makes-history-after-losing-1-trillion-market-value-amid-tech-stock-routDon't take experimental gene therapies from known eugenicists. -
It's all about a bigger picture. A whole lot of reality is getting ready to
B!tchsl@p markets, both traditional and blockchain. 2021 and 2020
were surreal. Real estate, stock prices, and crypto/NFT speculation
was out of control. Everybody knew it, but the "experts" just closed
their eyes and went along with it. So did government. Go back and
read the articles full of glowing praise for a lot of this year's big
Tech and crypto. Bankman-Fried was heralded as a genius.
More like a devious bad guy from an Austin Powers movie.
No one in finance in America learned a d@mn thing from the
Internet start up bubble or the real-estate melt down of 2008.
There's a. LOT more to come. Wait till places like Carvana go
bust. Another big one built on big ideas. One profitable quarter.
Ever. And their inventory of cars is now underwater.
"The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
BRICSDon't take experimental gene therapies from known eugenicists.
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And they want to digitize all currency?
You will own nothing (especially money/assets) and like it.
So, are you willing to put forth a little effort or are you happy sitting in your skeptical poo pile?
http://audiomilitia.proboards.com/ -
And track ownership of cars and real estate.
No thanks."The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
No thanks.
Tom~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
They already track ownership of cars and houses? Not sure I'm following there
Otherwise agreed that having a currency solely based on the internet... Hard to come to terms with- Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit. -
The more insidious use of a digital currency will be to control what you can and can't spend your money on.George / NJ
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They already track ownership of cars and houses? Not sure I'm following there
Otherwise agreed that having a currency solely based on the internet... Hard to come to terms with
The blockchain vision is to be the center of everything.
Instead of having a deed from the city or county,
Ownership would be tracked on blockchain. Because
Of course, it's so secure and reliable. Want to own gold?
You could own part of a gold bar along with others.
Take their word for it, it exists somewhere secure.
Right now it's just talk, but this is their vision.
You can trust them. Especially the wolf of Wallstreet.
He's so much more honest now everything is virtual.
I am way too old and cranky. I just can't share their
vision of utopia.
"The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
I've found people will do pretty much anything in large groups.
I only use credit cards exclusively but I don't load them on my phone, save them to my browser etc.- Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit. -
I've found people will do pretty much anything in large groups.
I only use credit cards exclusively but I don't load them on my phone, save them to my browser etc.
This started many many decades ago when credit was issued, by banks, the land and money holders, instead of not buying something unless you had the cash to do so. It's called beholding to a creditor.
As long as I have a job, or income from whatever source, I can pay on what has been lended to me.
Works as long as the system doesn't collapse.
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When internet things go wrong they do it in a big way. Banking is regulated. Crypto is not.
There is no vault with money. NFT ownership is not like owning real art.
Real money can become worthless, but virtual money can go poof instantly with
no warning. If the Binance exchange were to go under, so would crypto.
"The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
Can't say much about it here, but look who's involved politically on this. Just the beginning of something big? Leave it at that and do your own research.
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I'm 53 and I have never had an actual credit card, only a debit card that has the credit option that isn't really credit.
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And they want to digitize all currency?
You will own nothing (especially money/assets) and like it.
They will be able to track everything you spend money on. The government would love it. No thanks!Yamaha RX-A2070, Musical Fidelity M6si integrated amp, Benchmark Dac1, Bluesound NODE 2i, Audiolab 6000CDT CD Transport, Parasound Zphono USB Phono Preamp, Fluance RT85, Ortofon 2M Bronze, Polk L600's, L400, L900's, RC80i's, SVS 3000 Micro, Audioquest Interconnects and Digital Cables, Nordost Silver Shadow Digital Cable, Cullen Gold and Crossover Series Power Cables, Douglas Connection Alpha 12AWG OCC Speaker Cables, Douglas Connection Alpha Analog Interconnect Cables, Douglas Connection Alpha 11 OCC Custom Power Cable, Signal Power Cable, Furman PL-8C 15 Power Conditioner, Sony 65" 900F, Sony UBP-X700, Fios, Apple TV 4K, Audioquest Chocolate HDMI Cables. -
IMO, the "coin shortage" that popped up during the ****demic over the last two years was a sort of dress rehearsal of life without hard currency. Casinos have been doing it for years with gaming machines, they were all retrofitted with printers that spit out barcoded tickets instead of coins.
As a hedge against all this, lately I have been collecting precious metals - brass, copper, and lead.
So, are you willing to put forth a little effort or are you happy sitting in your skeptical poo pile?
http://audiomilitia.proboards.com/ -
Is it the word scamdemic or plandemic that you were censored on?Don't take experimental gene therapies from known eugenicists.
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This has provided a train wreck kind of entertainment.
So many people tossed money and praise at this crook.
I hope his whole family goes to jail."The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
Is it the word scamdemic or plandemic that you were censored on?
LOL, no. I typed the asterisks in myself, I couldn't decide which way I wanted to go.
So, are you willing to put forth a little effort or are you happy sitting in your skeptical poo pile?
http://audiomilitia.proboards.com/
