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  1. #10251
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    Who wants to bet that BTC lasts longer than the Euro?

    https://www.nytimes.com/2022/07/05/b...n-markets.html


    Sent from my Pixel 6 Pro using Tapatalk

  2. #10252
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    Quote Originally Posted by stalefish3169 View Post
    Who wants to bet that BTC lasts longer than the Euro?

    https://www.nytimes.com/2022/07/05/b...n-markets.html


    Sent from my Pixel 6 Pro using Tapatalk
    The currency zone for the Euro has many issues. I donít think the Euro being low against the dollar is whatís going to trigger itís failure though. Itís going to be another situation like during the Great Recession where Germany wanted tight monetary policy, while other countries like Greece were suffering through massive unemployment. Sooner or later a country in a situation like Greece is going to decide the costs outweigh the benefits in times like that.

  3. #10253
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    Quote Originally Posted by J. Barron DeJong View Post
    The currency zone for the Euro has many issues. I donít think the Euro being low against the dollar is whatís going to trigger itís failure though. Itís going to be another situation like during the Great Recession where Germany wanted tight monetary policy, while other countries like Greece were suffering through massive unemployment. Sooner or later a country in a situation like Greece is going to decide the costs outweigh the benefits in times like that.
    The Euro tanking against the dollar and the laundry list of other problems are not mutually exclusive. But it does suck that corrupt Christine and her Davos caviar dining cronies will most likely try to keep the ship from sinking as long as possible by pushing austerity on the most vulnerable.

    Sent from my Pixel 6 Pro using Tapatalk

  4. #10254
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    Not sure if this was already posted , but I just read it and learned a lot about the current crypto cefi fiasco. Written by Arthur Hayes (evil genius?) https://entrepreneurshandbook.co/num...e-511f334d8fae
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  5. #10255
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    Nov 2008
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    "About 21% of crypto-investors said they’ve used a loan to pay for their cryptocurrency investments. Personal loans were most popular, but payday loans, title loans, mortgage refinances, home equity loans and leftover student loan funds also have been utilized." – DebtHammer

  6. #10256
    Join Date
    Apr 2006
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    ^ that's insane. People are wack.

  7. #10257
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    Jun 2020
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    Quote Originally Posted by Mustonen View Post
    I havenít really unwound the voyager thingÖ. Them folding wouldnít have anything to do with FDIC. The only time FDIC becomes important is if metropolitan bank folded. But thatís not the news so thatís just a red herring.

    I really doubt that the USD funds are actually at risk. Those are protected because regulation is actually a GOOD thing and metropolitan bank is heavily incented to make sure that if voyager says $1k is in USD at metropolitan, thatís actually true. If that isnít I think itís a stretch for metropolitan to not be a party to the fraud and they are ultimately collectible, even if FDIC has to kick in.

    Crypto assets are fucked tho.

    Click image for larger version. 

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    https://twitter.com/edzitron/status/...TnZMCq9Q0akNzA

  8. #10258
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    Oct 2002
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    Bitcoin....who's gotten into it?

    Oh shit. Missed the ďomnibusĒ bit and misread the account agreement and didnít realize they were carrying it on balance sheet.

    Thatís pretty fucked. And ďFDICĒ doesnít mean dick. Never did. Itís bananas how unregulated this shit is.

    Jesus.
    focus.

  9. #10259
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    Dec 2003
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    Tech Bro Central
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    Quote Originally Posted by shera View Post
    Not sure if this was already posted , but I just read it and learned a lot about the current crypto cefi fiasco. Written by Arthur Hayes (evil genius?) https://entrepreneurshandbook.co/num...e-511f334d8fae
    Good article. Not sure he's a genius, but he doesn't seem particularly evil, either. His take on decentralized "protocol" lending was new to me, and thought-provoking. As a long-time software developer, I'm not sure I agree with his faith in protocols. They may be algorithmic and predictable, in my experience there's always an edge case that the protocol didn't plan for.

  10. #10260
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    Quote Originally Posted by byates1 View Post
    ^ that's insane. People are wack.
    Some people take out 100k+ in student loans to get art history degrees. Just sayin'.

    I borrowed against my 401k to buy crypto and it worked out pretty dang well for me.

    Sent from my Pixel 6 Pro using Tapatalk

  11. #10261
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    Apr 2006
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    Good. As you know, most people shouldn't be fooling around with leverage though.

  12. #10262
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    Quote Originally Posted by byates1 View Post
    Good. As you know, most people shouldn't be fooling around with leverage though.
    This is true.

    Sent from my Pixel 6 Pro using Tapatalk

  13. #10263
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    Jun 2020
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    Quote Originally Posted by Mustonen View Post
    Oh shit. Missed the ďomnibusĒ bit and misread the account agreement and didnít realize they were carrying it on balance sheet.

    Thatís pretty fucked. And ďFDICĒ doesnít mean dick. Never did. Itís bananas how unregulated this shit is.

    Jesus.
    Theyíre bankrupt:

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    https://twitter.com/chapter11cases/s...IPDZs6bxMPfFIA

  14. #10264
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    Jan 2005
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    Access to Granlibakken
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    9,994
    Click image for larger version. 

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    :SMDH:
    Improve your AT boots with the StrapOff. Itís Maggot Approved.

  15. #10265
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    Jun 2020
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    More gambling with customers money:

    Click image for larger version. 

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    https://twitter.com/web3isgreat/stat...IPDZs6bxMPfFIA

    (Says they lost shorting Luna when it collapsed, but that should have been a big pay day, right? Thatís why I have no interest at all in buying into any fund trying to short BTC. I have no trust in any part of this ecosystem.)

  16. #10266
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    Sounds like they basically bet most of it on black over and over again. Even though the wheel came up black 90/100 times those few reds still wiped them out. I bet they had lots of paper gains in the meantime though.


    Sent from my iPhone using TGR Forums

  17. #10267
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    Dec 2007
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    It will be interesting to see how many more of these gamblers go down over the summer.


    Last edited by Vt-Freeheel; 07-07-2022 at 06:06 AM.
    www.apriliaforum.com

    "If the road You followed brought you to this,of what use was the road"?

    "I have no idea what I am talking about but would be happy to share my biased opinions as fact on the matter. "
    Ottime

  18. #10268
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    What's funny to me is that you have stalefish and co. calling traditional finance folks "corrupt" and "terrible" (which I wouldn't necessarily disagree with to some extent) while pretending crypto isn't just a different set of greedy, corrupt people trying to make money by risking other people's money. The venn diagram is a pretty much a circle here.

  19. #10269
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    Quote Originally Posted by schuss View Post
    What's funny to me is that you have stalefish and co. calling traditional finance folks "corrupt" and "terrible" (which I wouldn't necessarily disagree with to some extent) while pretending crypto isn't just a different set of greedy, corrupt people trying to make money by risking other people's money. The venn diagram is a pretty much a circle here.
    This quote from the article Shera posted reeks of cult worship



    "They, in the service of the devil that is TradFi, will use any and every opportunity to poke fun at our economic / social experiment — gleefully proclaiming, “we warned you crypto was worthless!” In the holy name of our Lord Satoshi, I shall attempt to correct the invective that seeps forth from these malicious harpies."
    www.apriliaforum.com

    "If the road You followed brought you to this,of what use was the road"?

    "I have no idea what I am talking about but would be happy to share my biased opinions as fact on the matter. "
    Ottime

  20. #10270
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    Quote Originally Posted by Vt-Freeheel View Post
    This quote from the article Shera posted reeks of cult worship



    "They, in the service of the devil that is TradFi, will use any and every opportunity to poke fun at our economic / social experiment — gleefully proclaiming, “we warned you crypto was worthless!” In the holy name of our Lord Satoshi, I shall attempt to correct the invective that seeps forth from these malicious harpies."
    Well, the cultish/in group behavior is pretty effective at bringing rubes in and preventing meaningful introspection of practices. Are there crypto outfits actually looking to make resilient, seamless digital currency? I'm sure. Are most of them cash grabs and borderline scams or pyramid schemes - absolutely.
    I'm not the only one who thinks this - I work with a bunch of professional innovation/technology incubator folks, including people who have actually built commercial blockchains, and they're all pretty cynical about the space currently.

  21. #10271
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    Feb 2005
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    Click image for larger version. 

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    Sorry TriU. You try to get out at 5:30 am from your tent, go down to the ocean and spend 1/2 an hour getting her story then better have your medium format camera with the exposure perfect just on hand. Just like crypto. She was looking for sea glass, got bags of some shell that she thought was 2nd place. Walks that beach every day, no matter the weather. I felt so much strength in her hug. It motivated me to not give up on anything, even if it's just a walk on the beach every morning.



    Holding the bag might be better than not having a bag to hold. Listen to that set above. Because there is sure as shit not a rug to pull.
    Is it radix panax notoginseng? - splat

  22. #10272
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    Why is her face out of focus, tho?
    focus.

  23. #10273
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    Feb 2005
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    17,444
    Quote Originally Posted by Mustonen View Post
    Why is her face out of focus, tho?
    Because I was focused on her tits like a proper man, and she was very animated, and again, tough aperture to nail razor sharp sea glass when it kicks you in the ass, ass. Gotta have a little faith with the 120 without autofocus and no meter. You're right, I should have never taken that and shared space with her, or her story with anyone else.

    Laps.

    You might want to heed your sig, personally.
    Is it radix panax notoginseng? - splat

  24. #10274
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    Mar 2019
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    1,450
    ^heís a great photog. Let him tell you. donít let his pictures do the talking.

  25. #10275
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    Oct 2003
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    closer
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    Quote Originally Posted by Mustonen View Post
    Why is her face out of focus, tho?
    The cameras only allows 7 Focus adjustments per Minute and needs a 7hp Diesel to run. Complicated setup.
    It's a war of the mind and we're armed to the teeth.

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