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The anti-crypto thread

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njdevilsfan87 said:
What is happening now in crypto may be its 2008 financial crisis. But, things change and evolve. The rules change - regulations will come, just like they did after 2008. People forget and a new generation replaces those that don't. And that new generation will have more safeguards both externally (regulations) and internally (a more skilled dev ecosystem having learned and patched holes via trial-by-fire) to help prevent again what is happening now.
Click to expand...

I thought external [read government] regulations were the antithesis of crypto?
 
Heah come da Judges, heah come da Judges .......

Tom Brady, David Ortiz among athletes sued over crypto losses in federal lawsuit filed by investor

www.bostonglobe.com.ico
The Boston Globe|51 minutes ago
An Oklahoma crypto investor has sued the founder of FTX and its celebrity ambassadors including Tom Brady and David Ortiz, alleging the now-bankrupt digital currency exchange was in effect "a Ponzi scheme" that used deceptive practices including the star endorsements to bilk investors.


...
 
Lost_in_the_HTTP said:
Heah come da Judges, heah come da Judges .......

Tom Brady, David Ortiz among athletes sued over crypto losses in federal lawsuit filed by investor

www.bostonglobe.com.ico
The Boston Globe|51 minutes ago
An Oklahoma crypto investor has sued the founder of FTX and its celebrity ambassadors including Tom Brady and David Ortiz, alleging the now-bankrupt digital currency exchange was in effect "a Ponzi scheme" that used deceptive practices including the star endorsements to bilk investors.


...
Click to expand...
lol good luck with that, can someone explain how actors being paid to star in a commercial are liable?

also just saw this and yikes, do not want to see

https://twitter.com/x/status/1592935133652619264
 
AdamK47 said:
I don't see the usual defenders come to this thread anymore. It's not much fun without people like beginner99 posting here.
Click to expand...
They probably popped over the border to Canada with their paper wallets which are worth "meeeeelllions"(tm)

Crypto is stable and resists financial turmoil, yo!
 
 
Lost_in_the_HTTP said:
Controls? Controls? We don' need no steenkin' controls!!!!

Exec who cleaned up Enron calls FTX mess ‘unprecedented’

By KEN SWEET and MICHELLE CHAPMANtoday
NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control.
The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning description of FTX’s operations under its founder Sam Bankman-Fried, from a lack of security controls to business funds being used to buy employees homes and luxuries.
Click to expand...
FTX was just straight up stealing people's money to buy a fancy lifestyles for a few. For someone who said "regulations just make everything worse" he's done the best job so far providing evidence that it's needed
 
For a guy that's supposedly a genius, he didn't make genius moves post bankruptcy with all of those incriminating tweets. Makes for great entertainment though. It's fun watching crypto bros take themselves further down when you think they are already at their bottom.
 
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