Page 449 of 641 FirstFirst ... 444 445 446 447 448 449 450 451 452 453 454 ... LastLast
Results 11,201 to 11,225 of 16002
  1. #11201
    Join Date
    Aug 2016
    Location
    关你屁事
    Posts
    9,532
    Quote Originally Posted by MultiVerse View Post
    More pedantry from Mustonen, color me surprised. Instead of strawmanning and shitposting you could occasionally try strongmanning an argument.

    This was hardly a well disguised fraud when half the population, when half the people in this thread including you, were already telling the other half that it’s a fraud. That it's a Ponzi scheme.

    As for FDIC insurance, yes it is privately funded but it is also backed by the full faith and credit of the government of the United States of America. Is that what you want for crypto too?
    Alameda was offering 15% return guaranteed with zero risk, which screams ponzi. But then the sector is riddled with scams, bad actors and fraud, but line was going up and that’s all anyone cared.

  2. #11202
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    5,539
    Quote Originally Posted by dunfree View Post
    Alameda was offering 15% return guaranteed with zero risk, which screams ponzi. But then the sector is riddled with scams, bad actors and fraud, but line was going up and that’s all anyone cared.
    Right. And from a societal standpoint, what would happen to the banking system if bitcoin, ETH, and every other crypto token went to zero overnight? From what we've seen so far pretty much close to nothing. If so, then that would also tell us crypto markets are not systemically important.

    I mentioned earlier in this thread crypto mostly responds to excess liquidity in the system. To the extent it's not systemically important that's not necessarily a bad thing.

  3. #11203
    Join Date
    Aug 2016
    Location
    关你屁事
    Posts
    9,532
    Well, one reason is societally it’s unhealthy to have people who say “people ask me a lot what I think of crypto. I didn’t get into this as a crypto true believer, and yeah it’s mostly scams and memes when you get down to it” running funds taking in billions of capital, that they manage with the care of a criminal, even if the risk is narrowly contained this time.

  4. #11204
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    5,539
    Yeah, I'm not excusing any of it. Transparency is underrated. Financial statements should never surprise and fraudulent statements should never escape the gaze of the market. Fraud should be prosecuted.

    So the question that needs answering with banking type regulation for crypto is whether doing so means either quasi de facto government stamp of approval or regulating it out of existence. Because given how risky it is, regulation could be worse than no regulation at all if it creates a sheen of legitimacy. And I don't think we want regulators picking winners and losers in the space either.

  5. #11205
    Join Date
    Apr 2006
    Posts
    7,454
    I think sfb will be criminally prosecuted and should be. What say you's?

  6. #11206
    Join Date
    Apr 2006
    Posts
    7,454
    Sbf*

  7. #11207
    Join Date
    Sep 2004
    Location
    Ootarded
    Posts
    4,054
    I think skifishbum should be prosecuted for being criminally dank.

  8. #11208
    Join Date
    Oct 2003
    Location
    closer
    Posts
    5,672
    Quote Originally Posted by Tri-Ungulate View Post
    I think skifishbum should be prosecuted for being criminally dank.
    At least he doesn't turn into slaagmaster like the guy in the molten iron thread
    It's a war of the mind and we're armed to the teeth.

  9. #11209
    Join Date
    Apr 2002
    Location
    Impossible to knowl--I use an iPhone
    Posts
    13,142
    Quote Originally Posted by byates1 View Post
    So what you're saying is you didn't buy early enough, and will fold like a walmart lawn chair in the wind. Weak sauce pussy.
    There must be some level on which even you could understand how breathtakingly stupid the above is. Right? Think about the topic, what was posted (that you responded to), and how such things should be addressed.

    I remember when I put all that money into Pets.com and showed doubters that I wasn't a pussy and wouldn't fold. That's called smart investing!

    Get it? Jfc.
    [quote][//quote]

  10. #11210
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,771
    Those of us that are excited about crypto/blockchain tech have taken a beatdown, that's for sure. And we have a lot to think about, what's legit and what's a scam? What can survive? After a lot of introspection, I haven't lost confidence in the bitcoin network. I still find it unassailable.

    I'm content to mine this winter and enjoy the heat. I'm easily breaking even if you consider the cost to run a furnace. One leg up and I'm in very good profit.

    But I'm also thinking about buying soonish, no crystal ball, but I'm considering it. Blood in the streets.

    Are you smarties thinking about buying assets (real estate, equities, whatev) for the long term? What? I'd like to compare notes, what can can beat bitcoin?
    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

  11. #11211
    Join Date
    Dec 2012
    Posts
    17,749
    Quote Originally Posted by shera View Post
    I'm content to mine this winter and enjoy the heat. I'm easily breaking even if you consider the cost to run a furnace. One leg up and I'm in very good profit.
    Wait, so you heat your house with computer heat?
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  12. #11212
    Join Date
    Oct 2003
    Location
    9,300ft
    Posts
    21,938
    Quote Originally Posted by Timberridge View Post
    Wait, so you heat your house with computer heat?
    Waste heat isn't waste if it's useful. Miners in warm climates have to pay for extra A/C to counter waste heat. Efficiencies matter.
    Quote Originally Posted by blurred
    skiing is hiking all day so that you can ski on shitty gear for 5 minutes.

  13. #11213
    Join Date
    Oct 2003
    Location
    closer
    Posts
    5,672
    Quote Originally Posted by Timberridge View Post
    Wait, so you heat your house with computer heat?
    Not everyone can afford an open fire pit with 100 Dollar Bills.
    It's a war of the mind and we're armed to the teeth.

  14. #11214
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,771
    hyperbole much?
    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

  15. #11215
    Join Date
    Dec 2012
    Posts
    17,749
    Quote Originally Posted by summit View Post
    Waste heat isn't waste if it's useful. Miners in warm climates have to pay for extra A/C to counter waste heat. Efficiencies matter.
    Noted. I guess surfing TGR all day really is a good way to cut my winter heat bill. In summer, I may cut down on my TGR time.

    Quote Originally Posted by subtle plague View Post
    Not everyone can afford an open fire pit with 100 Dollar Bills.
    Yeah, that got expensive. I switched all my fireplaces to those NG log sets this year. I can dial in the flame and heat level with a remote.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  16. #11216
    Join Date
    Mar 2006
    Posts
    19,814

    Bitcoin....who's gotten into it?

    “Create instead of living off the buying and selling of others”


  17. #11217
    Join Date
    Mar 2006
    Posts
    19,814

    Bitcoin....who's gotten into it?

    “Like an old man chasing a chorus girl” munger

    My dad, an old man, married a chorus girl, my mom, fwiw.

  18. #11218
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    10,732
    Quote Originally Posted by shera View Post
    Those of us that are excited about crypto/blockchain tech have taken a beatdown, that's for sure. And we have a lot to think about, what's legit and what's a scam? What can survive? After a lot of introspection, I haven't lost confidence in the bitcoin network. I still find it unassailable.

    I'm content to mine this winter and enjoy the heat. I'm easily breaking even if you consider the cost to run a furnace. One leg up and I'm in very good profit.

    But I'm also thinking about buying soonish, no crystal ball, but I'm considering it. Blood in the streets.

    Are you smarties thinking about buying assets (real estate, equities, whatev) for the long term? What? I'd like to compare notes, what can can beat bitcoin?
    Personally I continue to buy the S&P, have money in the government savings bonds for all my family members, and am looking to buy real estate soonish. No crypto.

    I think Web 3.0 may succeed in the end but not until the bullshit and fraud goes to 0. In that regard it seems Ethereum is most useful and does something other than “store value”.

  19. #11219
    Join Date
    Nov 2008
    Location
    Greater Drictor Wydaho
    Posts
    5,380
    Quote Originally Posted by neufox47 View Post
    I think Web 3.0 may succeed in the end but not until the bullshit and fraud goes to 0. In that regard it seems Ethereum is most useful and does something other than “store value”.
    If ethereum was really useful, then they wouldn't have had to invent NFTs.

    Ultimately, NFTs are a marketing device for ethereum. It's the illusion that nebulous tokens can be turned into something real, something that people can actually become attached to psychologically. Now you can visualize your wealth, albeit as a woefully lame jpeg. It projects a permanence where there is none.

  20. #11220
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    14,416

    Bitcoin....who's gotten into it?

    Quote Originally Posted by shera View Post
    Are you smarties thinking about buying assets (real estate, equities, whatev) for the long term? What? I'd like to compare notes, what can can beat bitcoin?
    a private island.


    Sent from my iPhone using TGR Forums
    "Zee damn fat skis are ruining zee piste !" -Oscar Schevlin

    "Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters

  21. #11221
    Join Date
    Apr 2002
    Location
    Impossible to knowl--I use an iPhone
    Posts
    13,142
    I'm long STH binders. Sure, the 90's vintage seem to be depreciating right now, but unlike you fucking pussies who lack conviction I'm confident in the fundamentals. Anyone who doesn't have at least 10% of their portfolio in STH bindings is missing out. Next step: profit.
    [quote][//quote]

  22. #11222
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    13,654
    I'm investing in Beanie Babies.


  23. #11223
    Join Date
    Jan 2008
    Posts
    10,103
    Quote Originally Posted by Dexter Rutecki View Post
    I'm long STH binders. Sure, the 90's vintage seem to be depreciating right now, but unlike you fucking pussies who lack conviction I'm confident in the fundamentals. Anyone who doesn't have at least 10% of their portfolio in STH bindings is missing out. Next step: profit.
    Until the shady folks at Big Binding change their indemnification and screw over the little guy once again. You should consider investing in STH NFTs, they never fall off the indemnified list.

  24. #11224
    Join Date
    Nov 2012
    Location
    I-70 West
    Posts
    4,684
    Quote Originally Posted by neufox47 View Post
    and am looking to buy real estate soonish=
    Get with the times! You want metaverse real estate

  25. #11225
    Join Date
    Nov 2008
    Location
    Greater Drictor Wydaho
    Posts
    5,380
    Ellison is the gift that keeps on giving. Her social media footprint is like a deliberate effort to refute any possible future accusations of criminal intent. A trail of bread crumbs leading inexorably to a conclusion of total incompetence and indifference to risk. My favorite part is where she says becoming CEO of Alemeda meant accepting that they'll be chasing after the craziest and dumbest sounding ideas.

    How is it possible that Lords of Capital like BlackRock couldn't find this during their due diligence? This "firm" essentially had no organizational structure and a small fraction of the staff required to meet their mission goals. Turns out all of the principal officers had screaming red flags out there for all to see with minimal due diligence.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •