US Politics Thread

[aguero93:20]

The wider story is a bit more complex and is still unfolding. $1Bn is missing, no one knows how SBF got away with this for so long without accountants and auditors realising

You'd be surprised how much a few of the 'big 5' are willing to overlook if it's a big account.

 

[Trevor Morley's Tache]

 

[aguero93:20]

He's a lunatic. Needs to lay off the drugs.

 

[Gabriel]

 

[The Future’s Blue!]

View attachment 60879

Rather sick.

 

[Uncle Wally One Ball]

Ive never really given crypto currency a second thought.

It was always likely to go bust sooner or later.

I took pelters on here for saying that maybe 4 years ago

 

[west didsblue]

I took pelters on here for saying that maybe 4 years ago

You wouldn’t have had pelters from me. I said the same a couple of years ago. I’d rather bet on a horse.

 

[FogBlueInSanFran]

You wouldn’t have had pelters from me. I said the same a couple of years ago. I’d rather bet on a horse.

Me either. I never predicted anything related to its success or demise but I work in finance and have a masters in business administration and I have never been able to adequately explain to myself exactly what the relative advantages Bitcoin or any e-coins are to fiat currency, while having a pretty immediate understanding of the potential risks.

In this case, it seems that an e-exchange in an unregulated market provided a means to an end for a charlatan to loot his customers. But crypto was a convenient path. I'm not sure it's now definably wholesale worthless because of FTX, though it may prove so eventually.

 

[I'm With Stupid]

Me either. I never predicted anything related to its success or demise but I work in finance and have a masters in business administration and I have never been able to adequately explain to myself exactly what the relative advantages Bitcoin or any e-coins are to fiat currency, while having a pretty immediate understanding of the potential risks.

In this case, it seems that an e-exchange in an unregulated market provided a means to an end for a charlatan to loot his customers. But crypto was a convenient path. I'm not sure it's now definably wholesale worthless because of FTX, though it may prove so eventually.

The thing that's always made me suspicious about it is the constant need to promote it. Almost as if your returns rely on getting everyone else to invest their money. Like it maybe, just possibly, one big pyramid scheme. I've never seen an advert for the FTSE or had people desperately calling for me to invest in the S&P.

 

[SWP's back]

What’s deranged bullshit. Do you not understand what just happened with FTX or is it too hard to believe.

I understand it far better than you do with your alt right conspiracy shite. Just surprised you’ve not gone one further and suggested SBF is a CIA asset and the purpose of FTX was to regulate the crypto industry.