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  1. #11376
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    Quote Originally Posted by bennymac View Post
    Cathie Wood said today she predicts BTC will be a million dollars each by 2030...
    Said that like year plus ago
    I'm fine w that.

  2. #11377
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    Would be rad if she, like McAfee, said she'll suck her own box if it isn't..

  3. #11378
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  4. #11379
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    https://thecryptobasic.com/2022/11/2...ved-trademark/

    Interesting timing. Ftx blows up, jp Morgan gets BTC wallet. Huh. /Tin foil

  5. #11380
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    Quote Originally Posted by byates1 View Post
    https://thecryptobasic.com/2022/11/2...ved-trademark/

    Interesting timing. Ftx blows up, jp Morgan gets BTC wallet. Huh. /Tin foil
    sounds like it's a crypto wallet - kinda disingenuous to call it a "BTC wallet"

  6. #11381
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    JPM probably has big clients that need a repository to get the stank off their year end statements.

  7. #11382
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    The new Matt Taibbi (without the Russian hookers?)?

    j'ai des grands instants de lucididididididididi

  8. #11383
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    Quote Originally Posted by J. Barron DeJong View Post
    Can Tucker Carlson's face be any more punchable?

  9. #11384
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    Even that Russian shill things this is fucky.
    Quote Originally Posted by blurred
    skiing is hiking all day so that you can ski on shitty gear for 5 minutes.

  10. #11385
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    I’m just catching up on this sbfcharacter and what a joke.

    Other than a couple yrs at jane street the guy had no experience. There is no fucking way, anyone, can get a handle on trading derivatives, risk, etc without a serious mentor during that time. I also don’t see anyone on his team having come from anywhere that would give him that experience. Never mind the complete lack of ethics.

    Seems this Almeda capital was trading a simple BTC arb in the beginning, what he learnt at jane street, but eventually that Arb was squeezed to nothing. So then they start making markets in derivatives on ftx with no experience. Let me tell you, I could train someone in a week to not fuck that up, the theoretical edge they probably had, because they had no completion, should have been pretty beefy, but these clowns probably never knew what they were doing on day 1. and that ugly broad was probably taking naked positions on crypto when there was no easy Arb left to do.

    As a former risk and derivative professional I find this all very hilarious. But that’s rich people for you. They give their Money to the country club stooge who tickles their feathers the most.

    Don’t even get me started on the political donation, to both parties. Really should be an eye opener for everyone.

  11. #11386
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    ^ prob bc of all the heavy political donations this is all swept under the rug. Nothing to see here ppl.

  12. #11387
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    Quote Originally Posted by byates1 View Post
    ^ prob bc of all the heavy political donations this is all swept under the rug. Nothing to see here ppl.
    His dad is part of Stanford’s corporate governance center and yet was a key part of the biggest corporate governance failure in history.

    At least the media folks who got paid out aren’t just going along with his bullshit still…
    https://news.bitcoin.com/new-york-ti...albook-summit/

  13. #11388
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    It’s a pretty standard model here of trying to create and internalize your own order flow. Make your own markets on your own dumb clients. Free trades, but we screw you on price everytime. Then a step further with your own token. Wow.

    It’s like whack a mile for regulators. Your clamp down on mortgage swaps, and the rodents go find another cheese to get a better risk\return.

  14. #11389
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    Sep 2006
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    So many suckers being born. It's a baby boom of suckers, I tellz ya!
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  15. #11390
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    Quote Originally Posted by JimmyCarter View Post
    His dad is part of Stanford’s corporate governance center and yet was a key part of the biggest corporate governance failure in history.

    At least the media folks who got paid out aren’t just going along with his bullshit still…
    https://news.bitcoin.com/new-york-ti...albook-summit/
    It’s only a failure if you think this wasn’t the desired result.

    anyways incoming house #3 emmer (who’s district has fuck all interest in crypto afaik), decided after a $2million+ donation to the congressional committee by FTX, that he’d suggest to the SEC they stop investigating crypto (incl FTX) because it was “intrusive” and “stifling innovation”. Which is also how that’s supposed to work

  16. #11391
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    Quote Originally Posted by JimmyCarter View Post
    His dad is part of Stanford’s corporate governance center and yet was a key part of the biggest corporate governance failure in history.

    At least the media folks who got paid out aren’t just going along with his bullshit still…
    https://news.bitcoin.com/new-york-ti...albook-summit/
    That’s is amazing. Fucking amazing.

    I think we’re going to be in for a wild follow along here as this one unfolds. Screaming children, mafia hitmen, and everything. Kid should hurry up and surrender like Madoff.

  17. #11392
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    Quote Originally Posted by dunfree View Post
    It’s only a failure if you think this wasn’t the desired result.

    anyways incoming house #3 emmer (who’s district has fuck all interest in crypto afaik), decided after a $2million+ donation to the congressional committee by FTX, that he’d suggest to the SEC they stop investigating crypto (incl FTX) because it was “intrusive” and “stifling innovation”. Which is also how that’s supposed to work
    How is Emmer supposed to focus on financial crimes when he’s been so busy “strengthening” the SEC?

    It’s a comical level of disrespect coming from the legislature, the press, and everyone else who collected a buck towards the victims.

  18. #11393
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    This
    Quote Originally Posted by Toadman View Post
    So many suckers being born. It's a baby boom of suckers, I tellz ya!
    And this
    Quote Originally Posted by JimmyCarter View Post
    How is Emmer supposed to focus on financial crimes when he’s been so busy “strengthening” the SEC?

    It’s a comical level of disrespect coming from the legislature, the press, and everyone else who collected a buck towards the victims.
    That guy should be in jail today. I know I would be.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  19. #11394
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    Quote Originally Posted by byates1 View Post
    ^ prob bc of all the heavy political donations this is all swept under the rug. Nothing to see here ppl.
    I think folks are missing the fact FTX is a Bahamian domiciled company and subject to regulatory oversight in the Bahamas. The US Securities and Exchange Commission, Commodity Futures Trading Commission and the Department of Justice are investigating SBF's FTX US subsidiary within existing legal frameworks. People might move on from the story but those investigations will continue and charges will almost certainly be filed.

    FTX did what banks have done for hundreds of years. This is the Gen-Z version of the same old thing. The political donations were probably intended to influence future crypto regulation in America but that regulation, except for a handful of states, doesn't exist yet.

  20. #11395
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    Quote Originally Posted by JimmyCarter View Post
    How is Emmer supposed to focus on financial crimes when he’s been so busy “strengthening” the SEC?

    It’s a comical level of disrespect coming from the legislature, the press, and everyone else who collected a buck towards the victims.
    You mean Gensler?

    The only decent ideas I can come up with why he isn’t yet in jail are 1) the best evidence against him right now is all the stuff he’s tweeting out and 2) it appears from the court filings company records are so shambolic other evidence might not be there and 3)he’s in the Bahamas

    edit to add: the FBI went to Madoff’s home, whereupon he confessed to them, and corroborated the information they’d gotten from three other people. Which is kinda a slam dunk. So he surrendered same day.

  21. #11396
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    Jan 2008
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    Bitcoin....who's gotten into it?

    Quote Originally Posted by dunfree View Post
    You mean Gensler?
    Gensler is his own type of special uselessness,I was thinking more of

    https://emmer.house.gov/press-releas...F-7ECBD15B1731

    Quote Originally Posted by dunfree View Post

    The only decent ideas I can come up with why he isn’t yet in jail are 1) the best evidence against him right now is all the stuff he’s tweeting out and 2) it appears from the court filings company records are so shambolic other evidence might not be there and 3)he’s in the Bahamas

    edit to add: the FBI went to Madoff’s home, whereupon he confessed to them, and corroborated the information they’d gotten from three other people. Which is kinda a slam dunk. So he surrendered same day.
    I’d assume it’s some combination of the Bahamian registry and the lack of understanding at the US level of how any of it ties together. Will be interesting to see it unwind.
    At the very least I’d be shocked if they couldn’t hit him on a tax issue around the personal loans/etc.

  22. #11397
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    One of the big outstanding questions is how did FTX receive banking licensees in most states except NY? Banks can legally make loans based on existing funds some of which are retail deposits. Banks however don't lend customer funds directly, instead it's an accounting relationship of debit and credits to finance loans. What FTX did is not that. FTX dipped into customer funds directly to enrich thenselves. That's fraud.
    Last edited by MultiVerse; 11-25-2022 at 06:30 PM.

  23. #11398
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    Quote Originally Posted by MultiVerse View Post
    I think folks are missing the fact FTX is a Bahamian domiciled company and subject to regulatory oversight in the Bahamas. The US Securities and Exchange Commission, Commodity Futures Trading Commission and the Department of Justice are investigating SBF's FTX US subsidiary within existing legal frameworks. People might move on from the story but those investigations will continue and charges will almost certainly be filed.

    FTX did what banks have done for hundreds of years. This is the Gen-Z version of the same old thing. The political donations were probably intended to influence future crypto regulation in America but that regulation, except for a handful of states, doesn't exist yet.
    Wire fraud. Etc. not a lawyer, but that’s how they took down the owners of an Antiguan sports book i was familiar With. They will never be able to return without some charge waiting for them.

  24. #11399
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    Gensler absolutely deserves a lot of blame for letting the FTX fraud occur on his watch by failing to provide clear regulations for the crypto industry. The lack of clarity caused many companies and groups to stay offshore. Additionally, it's plausible that a sizable chunk of money would've been put into a highly-regulated BTC spot ETF had one been approved, rather than other investments, which are now worth zero. He should resign or be forced to step down.

    Sent from my Pixel 6 Pro using Tapatalk

  25. #11400
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    So much for crypto eliminating counterparty risk. What's even the point if crypto maxis like stalefish are calling for regulation? If crypto wants to be part the regulated government banking system then why not just use fiat?

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