Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor | |
FeedYourHead
User ID: 77416429 United States 11/11/2022 10:23 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor https://twitter.com/_/status/1591071832823959552 Probably means everyone's money is going to be seized so they can reorganize. Straight from their own website: FTX is currently unable to process withdrawals. We strongly advise against depositing. [link to ftx.com (secure)] Crypto MELTDOWN in full on mode across the market; [link to finance.yahoo.com (secure)] Last Edited by FeedYourHead on 11/11/2022 10:24 AM Ask Alice when she's 10ft tall This is a battle for the future of civilization. If free speech is lost even in America, tyranny is all that lies ahead. Elon Musk |
Slipknotz
User ID: 84313068 United States 11/11/2022 10:23 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78714632 United States 11/11/2022 10:24 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 84119115 United States 11/11/2022 10:24 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83523690 Ireland 11/11/2022 10:27 AM Report Abusive Post Report Copyright Violation | |
The Årtist
User ID: 83242586 United States 11/11/2022 10:28 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it. Quoting: Dr. Daniel Jackson, SG1 81523772 Crypto-tards really should take a pause and look at it critically, it's failed on many levels. I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will. But even that is a priviledge reserved for the US, other governments that try it destroy their economies. Be grateful for what we have my fellow GLPer's, most alternatives are much worse. Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat. This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc. To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out. But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more. RAGE |
Anonymous Coward User ID: 83783787 Ireland 11/11/2022 10:30 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it. Quoting: Dr. Daniel Jackson, SG1 81523772 Crypto-tards really should take a pause and look at it critically, it's failed on many levels. I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will. But even that is a priviledge reserved for the US, other governments that try it destroy their economies. Be grateful for what we have my fellow GLPer's, most alternatives are much worse. Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat. This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc. To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out. But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more. Well said, Sir! Eventually, EVERYONE will own some BTC, at the price they deserve. |
Anonymous Coward User ID: 81608753 United States 11/11/2022 10:32 AM Report Abusive Post Report Copyright Violation | |
moneystealingscheme User ID: 80632671 Canada 11/11/2022 10:33 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78293496 United States 11/11/2022 10:33 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it. Quoting: Dr. Daniel Jackson, SG1 81523772 Crypto-tards really should take a pause and look at it critically, it's failed on many levels. I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will. But even that is a priviledge reserved for the US, other governments that try it destroy their economies. Be grateful for what we have my fellow GLPer's, most alternatives are much worse. Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat. This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc. To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out. But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more. Well it seems to me, the door is wide open! In the next few weeks it will be even more open, as BTC drops below 10k |
Anonymous Coward User ID: 79400409 Canada 11/11/2022 10:34 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor https://twitter.com/_/status/1591071832823959552 Probably means everyone's money is going to be seized so they can reorganize. Straight from their own website: FTX is currently unable to process withdrawals. We strongly advise against depositing. [link to ftx.com (secure)] and for more conspiracy.... [imgur] [link to imgur.com (secure)] MONEY LAUNDERING, BY THE CABAL RUNNING DC THAT JUST BOUGHT GLP. |
Anonymous Coward User ID: 80454275 United States 11/11/2022 10:36 AM Report Abusive Post Report Copyright Violation | |
TheDarkMan
User ID: 80276927 United States 11/11/2022 10:37 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor Corporate veil. Our founding fathers warned us. Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off. What am I thinking? How do I feel? What am I doing? |
Anonymous Coward User ID: 84119115 United States 11/11/2022 10:38 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor Corporate veil. Our founding fathers warned us. Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off. Well the CEO was a huge DNC donor, so there's that. |
Anonymous Coward User ID: 83990217 Ireland 11/11/2022 10:44 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor The mysterious Mr. Bankman-Fried, Biden megadonor and purported billionaire, looks like yet another Deep State frontman and operative, in the mold of Elon "Boy Genius" Musk. Jus' sayin' |
themessengernevermatters
User ID: 80117407 United States 11/11/2022 10:56 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it. Quoting: Dr. Daniel Jackson, SG1 81523772 Crypto-tards really should take a pause and look at it critically, it's failed on many levels. I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will. But even that is a priviledge reserved for the US, other governments that try it destroy their economies. Be grateful for what we have my fellow GLPer's, most alternatives are much worse. Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat. This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc. To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out. But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more. The problem with crypto is it is not stable and it's not really backed by anything. The price fluctuates to much and there is no government backing the fictional currency. You are right that it isn't going away and it will be the future. It will be the future of your enslavement and tracking and tracing every private transaction down to the fraction of a cent. The deepstate has been openly salivating over that thought since the 2000s. This is all beta testing for the digital dollar and that will be stable and backed by the government. At that point it will be the only crypto the banks and corporations will trust and accept. You dingbat nerds are programming the bars of your digital prison, while you think you are rebels fighting the system. It is the ultimate trap. Like the false righteous that boldy walk into hell, because they think they are there to save the sinners. Last Edited by themessengernevermatters on 11/11/2022 11:03 AM “The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.” Elena Gorokhova, A Mountain of Crumbs |
Anonymous Coward User ID: 84707180 11/11/2022 11:02 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor He totally used his crypto scam to to help the crooked scamming Dems. How appropriate. By the way, it's not any actually intelligent conservatives pushing the crypto trading casino exchanges online where nobody has any clue what would make this technology work as basically nobody grasps the most basic concept of how scaling on chain is the foundation for any of this to ever work. You all look very stupid. Especially those with big name supporters. |
Anonymous Coward User ID: 81357942 Malta 11/11/2022 11:15 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it. Quoting: Dr. Daniel Jackson, SG1 81523772 Crypto-tards really should take a pause and look at it critically, it's failed on many levels. I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will. But even that is a priviledge reserved for the US, other governments that try it destroy their economies. Be grateful for what we have my fellow GLPer's, most alternatives are much worse. Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat. This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc. To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out. But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more. The problem with crypto is it is not stable and it's not really backed by anything. The price fluctuates to much and there is no government backing the fictional currency. You are right that it isn't going away and it will be the future. It will be the future of your enslavement and tracking and tracing every private transaction down to the fraction of a cent. The deepstate has been openly salivating over that thought since the 2000s. This is all beta testing for the digital dollar and that will be stable and backed by the government. At that point it will be the only crypto the banks and corporations will trust and accept. You dingbat nerds are programming the bars of your digital prison, while you think you are rebels fighting the system. It is the ultimate trap. Like the false righteous that boldy walk into hell, because they think they are there to save the sinners. Nope. This just shows the ignorance about cryptocurrency. Crypto is the only safeguard of freedom. But I mean truly decentralised crypto. What you are scared of is CBCDs (Central Bank Digital Currencies). They are a digital evolution of fiat (which, incidentally, hasn't been backed by anything for decades). The shit storm we are now seeing is because asshats like SBF (who has now also been accused of conspiring with Gary Gensler of the SEC to create a regulated monopoly), are in the pockets of politicians and central banks, and are trying to kill crypto by centralising it by stealth. Educate yourself. Crypto is the antithesis of CBDCs and people who understand crypto would never leave their balances on centralised exchanges. Use exchanges for buying and selling only, then keep your assets in non-custodial wallets (preferably several, including a hardware wallet or two for your long-term holdings). |
Anonymous Coward User ID: 28424660 Canada 11/11/2022 11:20 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor https://twitter.com/_/status/1591071832823959552 Probably means everyone's money is going to be seized so they can reorganize. Straight from their own website: FTX is currently unable to process withdrawals. We strongly advise against depositing. [link to ftx.com (secure)] and for more conspiracy.... [imgur] [link to imgur.com (secure)] most of tech people don't know how to change a tire on a car. what does that tell you? these people are going to be fucked going forward. |
themessengernevermatters
User ID: 80117407 United States 11/11/2022 11:21 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it. Quoting: Dr. Daniel Jackson, SG1 81523772 Crypto-tards really should take a pause and look at it critically, it's failed on many levels. I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will. But even that is a priviledge reserved for the US, other governments that try it destroy their economies. Be grateful for what we have my fellow GLPer's, most alternatives are much worse. Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat. This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc. To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out. But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more. The problem with crypto is it is not stable and it's not really backed by anything. The price fluctuates to much and there is no government backing the fictional currency. You are right that it isn't going away and it will be the future. It will be the future of your enslavement and tracking and tracing every private transaction down to the fraction of a cent. The deepstate has been openly salivating over that thought since the 2000s. This is all beta testing for the digital dollar and that will be stable and backed by the government. At that point it will be the only crypto the banks and corporations will trust and accept. You dingbat nerds are programming the bars of your digital prison, while you think you are rebels fighting the system. It is the ultimate trap. Like the false righteous that boldy walk into hell, because they think they are there to save the sinners. Nope. This just shows the ignorance about cryptocurrency. Crypto is the only safeguard of freedom. But I mean truly decentralised crypto. What you are scared of is CBCDs (Central Bank Digital Currencies). They are a digital evolution of fiat (which, incidentally, hasn't been backed by anything for decades). The shit storm we are now seeing is because asshats like SBF (who has now also been accused of conspiring with Gary Gensler of the SEC to create a regulated monopoly), are in the pockets of politicians and central banks, and are trying to kill crypto by centralising it by stealth. Educate yourself. Crypto is the antithesis of CBDCs and people who understand crypto would never leave their balances on centralised exchanges. Use exchanges for buying and selling only, then keep your assets in non-custodial wallets (preferably several, including a hardware wallet or two for your long-term holdings). No that shows your ignorance and naivety about how the world runs and who controls it all. But, go ahead trade bits of unique identifiable code in a blockchain that contains all the data needed to track the flow of the individual bits and think you are somehow free of tracking and tracing. They talked about tracking and tracing every transaction back in 2000. Even every private transaction. People then thought it would never happen because they don't have the tech. They are now developing the tech. The only thing they really hate is hard currencies; cash and metal, because those can be transferred privately without their knowledge. But, go ahead, walk boldly into hell, you will figure it out when the gates shut behind you. Last Edited by themessengernevermatters on 11/11/2022 11:23 AM “The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.” Elena Gorokhova, A Mountain of Crumbs |
Anonymous Coward User ID: 28424660 Canada 11/11/2022 11:21 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor https://twitter.com/_/status/1591071832823959552 Probably means everyone's money is going to be seized so they can reorganize. Straight from their own website: FTX is currently unable to process withdrawals. We strongly advise against depositing. [link to ftx.com (secure)] and for more conspiracy.... [imgur] [link to imgur.com (secure)] most of tech people don't know how to change a tire on a car. what does that tell you? these people are going to be fucked going forward. they just blab about some compliance and other shit, in reality they have no fucking clue how world works |
Abe Froman
User ID: 79538137 Romania 11/11/2022 11:22 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor What it breaks down to is all these scammers in crypto are either Asians or autistic villains. If you see a billionaire always wearing a oversized dirty looking t shirt, don't trust him. Crap |
Anonymous Coward User ID: 82666878 United States 11/11/2022 11:22 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor Crypto is dead. It’s a Ponzi scheme filled with shameless grifters and thieves. Why anyone would trust random strangers with no accountability to be custodians of their life savings is beyond comprehension. Our financial institutions have evolved over tens of thousands of years of civilization and developed necessary protocols to withstand the problems that seemingly blindside the crypto community again and again. |
Anonymous Coward User ID: 84712056 Uruguay 11/11/2022 11:26 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80450630 Switzerland 11/11/2022 11:27 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor |
Anonymous Coward User ID: 28424660 Canada 11/11/2022 11:27 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor Crypto is dead. It’s a Ponzi scheme filled with shameless grifters and thieves. Quoting: Anonymous Coward 82666878 Why anyone would trust random strangers with no accountability to be custodians of their life savings is beyond comprehension. Our financial institutions have evolved over tens of thousands of years of civilization and developed necessary protocols to withstand the problems that seemingly blindside the crypto community again and again. got an email from my local exchange, some stupid shit again how they raised money, who the fuck gives these idiots money in seed rounds. there is no product here just idiots scumbags |
Anonymous Coward User ID: 80298157 United States 11/11/2022 11:40 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor But how do you get out of a position quickly or want to liquidate your crypto holdings in an emergency? In a worst-case scenario each second counts, but if you hold your crypto on a private ledger you need to first send your crypto to an exchange in order to process your order. Isn't that a huge disadvantage not being able to sell your crypto as fast as possible in certain situations? Are you talking about trying to sell in a crypto crash/pump? Generally I think people that use private ledgers are holding the crypto for long term increases, not trying to catch pumps. That being said, if you are looking to catch crashes/pumps then keep your trading crypto on the exchange with limit orders placed, but only do that for what you're actively trading, then put what you're not trying to trade into the private ledger for safe keeping till the next spike in price. Keep in mind though, the exchanges seem to magically not work when prices are pumping/dumping until the pump/dump is over and you are either back to normal or way down. Though in worst cases, you can have most crypto moved from the private ledger to the exchange within and hour... some like XRP/XLM will appear in a minute or two. |
Anonymous Coward User ID: 80298157 United States 11/11/2022 11:42 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80363680 United States 11/11/2022 11:44 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor Corporate veil. Our founding fathers warned us. Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off. Well the CEO was a huge DNC donor, so there's that. And maybe all that $$$ that was donated will be clawed back! I wonder if the DNC is worried since FTX was the 2nd biggest, behind Soros, donor to the democratic party. Under bankruptcy laws, the court is allow to re-appropriate monies paid within 90 days, an longer if frivolous, of filing for bankruptcy. I'd laugh my a$$ off if the DNC was forced to return all the money they were given. It would be divine justice. [link to www.thebankruptcysite.org (secure)] |
Anonymous Coward User ID: 78714632 United States 11/11/2022 11:46 AM Report Abusive Post Report Copyright Violation | Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor Corporate veil. Our founding fathers warned us. Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off. Well the CEO was a huge DNC donor, so there's that. And maybe all that $$$ that was donated will be clawed back! I wonder if the DNC is worried since FTX was the 2nd biggest, behind Soros, donor to the democratic party. Under bankruptcy laws, the court is allow to re-appropriate monies paid within 90 days, an longer if frivolous, of filing for bankruptcy. I'd laugh my a$$ off if the DNC was forced to return all the money they were given. It would be divine justice. [link to www.thebankruptcysite.org (secure)] |