- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Binance's billionaire founder's Luna holdings value has dropped from $1.6B to just $2,200
Posted on 5/20/22 at 2:01 am to rickgrimes
Posted on 5/20/22 at 2:01 am to rickgrimes
Check out Coffezilla's channel. He's covering this (along with a bunch of other Crypto scams and NFT scams).
Luna was always a Ponzi scheme, and not the first one carried out by Do Kwon, the creator of Luna and TerraUSD.
It was always a Rug pull. This time, though, they didn't pull the rug fast enough.
ETA: Also - Now Do Kwon is saying that there needs to be a version of Centralised Crypto...which is hilarious as the biggest selling point of Crypto is that it's not centralised.
And all the "crypto-bros" who lost everything in Luna are holding their hopes on trying to get a bailout from the Govt, and calling for Govt "Guarantees or Insurance" against this type of thing. Like how the FDIC guarantees $250,000 against bank robberies.
The whole rallying cry they gathered behind was that it was currency that wasn't controlled by the Govt and Banks. And now they want the Govt to bail them out.
You can't make this shite up.
Luna was always a Ponzi scheme, and not the first one carried out by Do Kwon, the creator of Luna and TerraUSD.
It was always a Rug pull. This time, though, they didn't pull the rug fast enough.
ETA: Also - Now Do Kwon is saying that there needs to be a version of Centralised Crypto...which is hilarious as the biggest selling point of Crypto is that it's not centralised.
And all the "crypto-bros" who lost everything in Luna are holding their hopes on trying to get a bailout from the Govt, and calling for Govt "Guarantees or Insurance" against this type of thing. Like how the FDIC guarantees $250,000 against bank robberies.
The whole rallying cry they gathered behind was that it was currency that wasn't controlled by the Govt and Banks. And now they want the Govt to bail them out.
You can't make this shite up.
This post was edited on 5/20/22 at 2:07 am
4
Posted on 5/20/22 at 4:10 am to magildachunks
What kind of idiot heavily invests in crypto anyway?
Posted on 5/20/22 at 7:00 am to magildachunks
Epsilon Theory
Ben Hunt has a good piece out on all of this.
Quoting a previous piece of his own (also worth a read):
Ben Hunt has a good piece out on all of this.
Quoting a previous piece of his own (also worth a read):
quote:
In my dystopian vision, Bitcoin isn’t banned or criminalized. Pfft. That’s a rookie, weak State move. No, I see a future where everyone buys Bitcoin. Where you are encouraged to buy Bitcoin. Where Bitcoin is sold to you morning, noon and night. Where normie economists get on conference calls late at night because they’re Bitcoin price-curious.
Except it’s not really Bitcoin.
Instead, it’s Bitcoin! TM — a cartoon version of the OG Bitcoin, either a Wall Street-abstracted representation of the price of Bitcoin or a government-painted version of Bitcoin in Dayglo orange. Either way — abstracted or painted — your Bitcoin! TM is trackable and traceable, fully KYC and AML and FBAR and SWIFT and every other US Treasury acronym-compliant. Either way, your Bitcoin! TM has all the revolutionary potential of a bumper sticker and all the identity signaling power of a small tattoo on your upper arm.
Bitcoin! TM doesn’t stick it to the Man … Bitcoin! TM IS the Man.
quote:
What SBF says about crypto and VC can be said equally about every asset class, every facet of capital markets, both public and private.
This is the fundamental structure of the business of markets, where Objects of Desire wrapped up in merry plots and three-act structures are sold to to us night and day, over and over again, not for the mere price of a movie ticket but for the accumulated wealth of a lifetime.
It’s MacGuffins all the way down.
quote:Read the whole piece. The convo between Matt Levine, Sam Bankman-Fried, Joe Wiesenthal, and Tracy Alloway is nuts.
Government oversight isn’t to be forced on crypto, it is to be invited on crypto, invited by the very same billionaires who turned Bitcoin into Bitcoin! TM and DeFi into DeFi! TM.
Why? Because there is no difference between the revolutionary pigs and the incumbent humans. They are indistinguishable, all merged together into a single Nudging Oligarchy, all looking to their natural partner, the Nudging State, to complete their reign.
Posted on 5/20/22 at 8:00 am to magildachunks
quote:
And all the "crypto-bros" who lost everything in Luna are holding their hopes on trying to get a bailout from the Govt, and calling for Govt "Guarantees or Insurance" against this type of thing. Like how the FDIC guarantees
They invested in fake money and lost their asses. Tough titty
Posted on 5/20/22 at 5:59 pm to magildachunks
I heard the exact same things in 2018 when BTC was $4K. You know it is still worth $30K for each right? I've had multiple of them for 11 years, I actually had 788 from 2012-2017. Still have 100 left. I'm sure you are aware of Netflix's 78% drop? Everything is in the red, you have no idea what is going on right now.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News