Why do you think controls all the money and buttcoins in the world???

Ive never had any money in any exchanges for more than 12 hours.

But all of those took literal years of compounding circumstances to happen. As far as I understand, it took one tweet from an investor actually looking into how FTX had virtually no liquidity in it's assets, actually keeping most of it in their own version of crypto, and the whole thing came crashing down on itself as everyone rushed to sell off what they had.

Do we think tom brady really lost a lot of money that he earned by cheating at football, or was he merely given a lot of crypto stuff to lend his name to the project, and now he's just out whatever they were nominally valuing that crypto at? The football money is real money. If he was just gifted a bunch of equity that ended up being worth nothing, then it's a loss on paper only.

I lose all my crypto gambling in online casinos

**** him and the defense he rode in on.

Hot potato

Will I get to keep my Destiny custom skins though? My Sims family is worth $1500!

Mostly Jew this and Jew that rhetoric.

Yes I think crypto is worse and I'm not sure I have the energy to go into it and would veer into DC territory anyway.

I think it is a good thing that SEC regulators resisted pressure to open up the US financial system to the unregulated wild west of crypto.

The US branch of FTX, if I understand correctly, is in better shape?

Going to entirely paperless money where you can't buy food from the grocery store when the internet is down...

Or you can have bank runs in minutes...

Strikes me as less than ideal.

2008 financial crisis didn't really take years from spark to roaring fire.

Sure the bubble was building for a while but the house of cards really only took a couple of months from full crises to first bail out that stabilized things...

And it was only a couple of weeks between Bear Sterns and the first congressional action.

I had a buddy spend $40,000 on several of the "Bitcoin mining machines" a couple other guys I know spent 5 grand, 10 grand on them. As of right now, the machines aren't making enough money to justify the electricity it takes to run them lol

I put my pc in a mining operation when bitcoin first started up. Worked. After about 4 weeks I had about 8.5 bitcoin. Using too much of my pc power/ram/cpu so I gave them to my buddy in the mining operation. Was worth about $4.25 in total back then.

Same

I’ve seen enough tulip/Pets.com/2007 real estate scams to know a bubble when I see one.

I tend to doubt he put his own $$ in, but he’s a fancy dog, so……