Crypto company deathwatch thread

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NY Times summit video is up
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This crypto fraudster guy and his shitty cohort of co-conspirators, intelligence asset or money laundering mafia guy or whatever he is, he is a thousand times worse and more dangerous than the typical lolcow. And it's a weird time. And it seems like in these weird times that these are the kinds of roaches who need to be exposed, because they hurt us all.

Just a thought.
 
So, was that 'sex-tape' a thing or just hot air?
Media is still ignoring this, imagine that you can commit massive financial fraud and everyone is afraid to touch you because you'll have to return the money...
Sam found a cheat code
 
CaptainAutism69 said:
Media is still ignoring this, imagine that you can commit massive financial fraud and everyone is afraid to touch you because [...]
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Media is still ignoring this because SBF was the 2nd highest donator to the Democratic Party, right behind George Soros.
Guess what party supports the media and gets supported by the media
 
XL xQgg?QcQCaTYDMjqoDnYpG said:
Media is still ignoring this because SBF was the 2nd highest donator to the Democratic Party, right behind George Soros.
Guess what party supports the media and gets supported by the media
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Coffeezilla's latest video on SBF shows the bloke on the record saying that he donated the same amount of money to Republican candidates, but it was all under the table. Obviously, SBF is a liar and cannot be trusted(tm).

But a billionaire (of any type) admitting to making "donations" to politicians under the table? Regardless of whether or not it's a lie, it's a pretty damn plausible one. Democrats failing to think about obvious possibilities relating to people they dismiss? Again, equally damn plausible.
 
Tisiphone said:
This crypto fraudster guy and his shitty cohort of co-conspirators, intelligence asset or money laundering mafia guy or whatever he is, he is a thousand times worse and more dangerous than the typical lolcow. And it's a weird time. And it seems like in these weird times that these are the kinds of roaches who need to be exposed, because they hurt us all.

Just a thought.
Click to expand...
It also says a lot that even the bankers that help fund these kinds of money laundering practices are only offered a slap on the wrist, and unless they are a Jeffery Epstein or Bernie Madoff with islands and secret cash on those islands, we never hear from the, again on why they decided to “suddenly“ get out of the business of said money laundering.

Though, I’m sure it’s just a coincidence.
 
Dread First said:
Coffeezilla's latest video on SBF shows the bloke on the record saying that he donated the same amount of money to Republican candidates
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I think he's doing that as a cover to deflect from the huge money given to the democratic and hopefully get some favors.
His mother runs a Democratic super-PAC after all.
CaptainAutism69 said:
So, was that 'sex-tape' a thing or just hot air?
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I think it was hot air to try and spin a massive politically connected financial crime into "just a frat party, bro".
 
ditto said:
I think he's doing that as a cover to deflect from the huge money given to the democratic and hopefully get some favors.
His mother runs a Democratic super-PAC after all.
Click to expand...

And do you think SBF isn't above trying to screw over his own mother? I'm just saying: he's a man of few (if any) fixed principles.
 
Gig Bucking Fun said:
I always wondered what the proof of value was for all this money that was being made: turns out there wasn’t.
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The saddest part is that he wasn't doing anything that big banks weren't already doing. Getting a shitload of credit based on nothing but "dude, trust me." He's going to end up like Pharmabro, being "made an example" while everyone he learned from just shrug and keep grifting.
 
Thorn said:
The saddest part is that he wasn't doing anything that big banks weren't already doing. Getting a shitload of credit based on nothing but "dude, trust me." He's going to end up like Pharmabro, being "made an example" while everyone he learned from just shrug and keep grifting.
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Except established financial institutions actually have a history of repayment. Property titles, loan notes, etc. are all used as collateral when borrowing credit. As much of Jew trickery as it might be, they have tangible assets.

Major crypto funds, on the other hand, literally just rocketed because of hopium. Many didn’t/don’t have tangible assets and just bought back into their own coin to drive up the price. How do you think an investment fund worth tens/hundreds of billions can crash to a couple million in the span of a month?

If there was any notable amount of capital put into assets worth a shit, they would have bottomed out much higher up. Instead, they decided to take their gambling winnings and bet it all on black: using credit to have more purchasing power to buy more of your coin, hoping more people get fooled into buying CumCoin so you can make even more money.
 
Gig Bucking Fun said:
Except established financial institutions actually have a history of repayment.
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Oh my sweet summer child. Established finanial institutions can repay ANY debt because all their debt obligations are denominated in paper that a private bank without any government oversight can just create out of thin air.

Oh, did you think I was going to say the Bank can just print money out of a Hewlette Packard Printer? Of course not! That's for rubes who will never make it.

No, "established financial institutions" repay all their debts via Microsoft Excel and a simple keyboard command. Cntrl-C...Cntrl V. Once they've "balanced" their excel spreadsheet, they email it to the Federal Reserve, who then types any appropriate number of 0s required on their own excel spreadsheet to justify the Cntrl-C, Cntrl-V, and voila. Money is made, and you, sweet summer child, get paid every 2 weeks.

Also, noticing the fact the privatized dollars that bought a snickers bar for 1 dollar now require 2 is a hate crime, and probably anti-semitic. So stop noticing that you bad person you.
 
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mindlessobserver said:
Oh my sweet summer child. Established finanial institutions can repay ANY debt because all their debt obligations are denominated in paper that a private bank without any government oversight can just create out of thin air.

Oh, did you say I was going to say the Bank can just print money out of a Hewlette Packard Printer? Of course not! That's for rubes who will never make it.

No, "established financial institutions" repay all their debts via Microsoft Excel and a simple keyboard command. Cntrl-C...Cntrl V. Once they've "balanced" their excel spreadsheet, they email it to the Federal Reserve, who then types any appropriate number of 0s required on their own excel spreadsheet to justify the Cntrl-C, Cntrl-V, and voila. Money is made, and you, sweet summer child, get paid every 2 weeks.
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Don't forget giving themselves fat bonuses for "making record profit" while doing it. They can only hope that people forget about the bullshit that was 2008.
 
mindlessobserver said:
Oh my sweet summer child. Established finanial institutions can repay ANY debt because all their debt obligations are denominated in paper that a private bank without any government oversight can just create out of thin air.

Oh, did you think I was going to say the Bank can just print money out of a Hewlette Packard Printer? Of course not! That's for rubes who will never make it.

No, "established financial institutions" repay all their debts via Microsoft Excel and a simple keyboard command. Cntrl-C...Cntrl V. Once they've "balanced" their excel spreadsheet, they email it to the Federal Reserve, who then types any appropriate number of 0s required on their own excel spreadsheet to justify the Cntrl-C, Cntrl-V, and voila. Money is made, and you, sweet summer child, get paid every 2 weeks.

Also, noticing the fact the privatized dollars that bought a snickers bar for 1 dollar now require 2 is a hate crime, and probably anti-semitic. So stop noticing that you bad person you.
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Never argued against this. I don’t know why you felt the need to bring it up.

If you’re saying “it’s all imaginary, none of it is real”, then you’re heading into a discussion that’s not being had in this thread. I understand to a certain extent the money made and debts repaid are ultimately numbers on a screen. The weight of those numbers on the screen, however, come from the tangible things the bank has in its portfolio: the mortgage John Doe just secured on a house, the repayment of which dictates whether or not the Does are out on the street in a month’s time. Mary Sue’s auto loan, the repayment of which dictates whether or not Mary takes the bus everywhere she goes. Banks aren’t secure simply because they’re a bank and the government decided they’re untouchable: they’re secure because the financial tools they provide give them an extraordinary measure of control over the trading of commodities.
 
Thorn said:
The saddest part is that he wasn't doing anything that big banks weren't already doing. Getting a shitload of credit based on nothing but "dude, trust me." He's going to end up like Pharmabro, being "made an example" while everyone he learned from just shrug and keep grifting.
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yes they did, normal banks dont give their own Hedgefunds free unlimited leverage without and liquidation protocols.
FTX gave its sister hedgefund a very special margin account without any mechanism for margin calls.
Banks also dont let their own hedgefunds use store credit as collateral.
 
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