I could never figure out what bitcoin mining was. It seemed like just a lot of CPU busy work to get rewards. I always figured that they were borrowing your CPU for some unrelated nefarious purpose like communicating with the lizard people or distributing illegal pornography.

Bitcoin mining is pretty silly.

Let's compare it to gold mining. Most gold is stored in underground vaults. Gold jewelry and gold coins are a pretty small potatoes.

So you dig some giant pit in the ground, at huge expense and huge environmental damage, in order to relocate the gold that was there to some underground vault where it will never see the light of day again.

Seems pretty silly.

The implosion of FTX could end up forcing the GOAT to sign a large check.

Buccaneers quarterback Tom Brady, who received a piece of FTX as part of a deal to become a brand ambassador, will now be paying the price in the aftermath of the company’s implosion.

Via Matt Baker of the Tampa Bay Times, Brady is one of various defendants in a class-action lawsuit filed Wednesday, five days after FTX landed in bankruptcy.

The suit claims that FTX was essentially a pyramid scam, and that it used celebrities like Brady “to continue funneling investors into the FTX Ponzi scheme, and to promote and substantially assist in the sale of the [accounts], which are unregistered securities.”

Other defendants include Brady’s ex-wife, Gisele Bundchen, Jaguars quarterback Trevor Lawrence, Shaquille O’Neal, Stephen Curry, Shohei Ohtani, and the Golden State Warriors.

Plenty of investors have avoided crypto, due to concerns that it basically is a Ponzi scheme. Early arrivals get in at a low price. Subsequent purchasers drive up the number. The first ones in start cashing out, and then the whole thing eventually falls apart.

Next, when it’s time to pick up the pieces, some of the who got rich quick end up facing tough questions, and incurring potentially significant legal fees. That’s what Brady and others will now be doing.


https://profootballtalk.nbcsports.co...-ftx-collapse/


ooops ROFL

Not the first time Brady has associated with a scam artist.

Tom Brady wants a trade -> https://youtu.be/frS690KGrlQ

I did like the Larry David FTX commercial ROFL

Now he's being sued too ROFL

After all this time to actually go research the technology yourself you sit here and naysay after reading the headlines they want you to read. Bitcoin is to gold as USD is to sand at the beach. I hope you can comprehend this.

The invention of the knife is not terrible because people use it to kill people.

15K heading to 300K, then a million plus eventually.

Valuable things are pretty silly when you can't afford them

Toms plastic surgery fund is entirely buttcoins. I’ve read he’s had to put off lip enhancements and eyebrow lifts.

Yep, I questioned from the beginning whether it was legal and if it was, why?

It's almost totally unregulated

that's why something like FTX can act as a bank and make trades with the money in their depositor's accounts and also issue their own commodities

this also isn't the first time this has happened. there was that magic the gathering website that became a bitcoin bank that just kind of absconded with all of the deposits one day

I thought it was in buttchins, so it may be safe.

What could go wrong if I put my money in a market and a financial instrument that’s not regulated, nor backed or insured by anything?

I shoved a roll of quarters into my rectum. These are real deal buttcoins people.

15K heading to 300K, then a million plus eventually.

Any takers???

S10,000 worth of quarters there was major robberies this past week on laundromats. Same night. Good luck everyone knows to film you.