Crypto company deathwatch thread

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BitCrash said:
Holy Based! Finally Michael Saylor can Fuck off!
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Take heart: The likelihood of any shitcoin company dying is directly proportional to the presence of "laser eyes" on the PFPs of its executives.

A Retard Stares Blankly Into Space
Screen Shot 2022-07-15 at 11.12.10 AM.png

A Dump Ape Makes Proclamations:
Screen Shot 2022-07-15 at 11.11.00 AM.png Screen Shot 2022-07-15 at 11.11.13 AM.png
 
Big Rig 81 said:
Take heart: The likelihood of any shitcoin company dying is directly proportional to the presence of "laser eyes" on the PFPs of its executives.
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Ok and? Saylors company (Microstrategy) isn't a bitcoin company, they do generic IT cloud shit. A decent chunk of their CEO holdings are in crypto, but their cash flow is mainly in fiat.

I realize you think all crypto is a scam, thats fine. But can you at least rub 2 brain cells together and bring something of value to the thread? Or at least make a useful point?

There is a metric fuckton of scams and shaky financial premises in crypto. Go find and post them instead of posting pointless "crypto is a scam these people are all retards" shit I can find on literally any other social media site.
 
Nol 2 said:
Ok and? Saylors company (Microstrategy) isn't a bitcoin company, they do generic IT cloud shit. A decent chunk of their CEO holdings are in crypto, but their cash flow is mainly in fiat.

I realize you think all crypto is a scam, thats fine. But can you at least rub 2 brain cells together and bring something of value to the thread? Or at least make a useful point?

There is a metric fuckton of scams and shaky financial premises in crypto. Go find and post them instead of posting pointless "crypto is a scam these people are all retards" shit I can find on literally any other social media site.
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Get a hold of yourself, and man the fuck up. You're allowing your catastrophically bad investments, which have tanked horribly, to upset you, and then you lash out at Farmers. You are out of control. You also pretended there was a bunch of bullshit in my post. How strange that you would lie about a post right above yours. I am saying Michael Saylor is a fucking retard, as is anyone else who uses the "laser eyes" motif. I didn't say any of the other things you claimed I said, you frothing animal.

Returning to the subject of this thread, MicroStrategy is likely to be completely annihilated when BTC plunges to $8,000, and Michael Saylor's autistic impersonation of "courage" (actually just idiotic stubbornness) will finally, finally be punished.

Here is evidence that the "bottom" is not yet in for the market ... this kind of decadence presages many, many more crypto-company failures: https://u.today/what-bear-market-cryptopunk-sells-for-33-million
 
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Celsius owes more than $5.5 billion in total liabilities, $4.7 billion of which is owed to customers. With assets worth $4.3 billion, they are $1.2 billion in the hole. Mr. Mashinsky plans on using bitcoin mining to pay off the rest of the debt, but individual investors are concerned over the fact they may be considered ”uninsured creditors” and may end up being one of the last to be paid, if ever.
 
WD-40 said:
Celsius owes more than $5.5 billion in total liabilities, $4.7 billion of which is owed to customers. With assets worth $4.3 billion, they are $1.2 billion in the hole. Mr. Mashinsky plans on using bitcoin mining to pay off the rest of the debt, but individual investors are concerned over the fact they may be considered ”uninsured creditors” and may end up being one of the last to be paid, if ever.
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>and may end up being one of the last to be paid, if ever.

They have deposited their money there, they are customers/clients not investors/owners.
Even if they are last in line they should still get a part back since the assets more than fully cover all the other debt.

However these numbers seem fishy to me, I think it is way worse.
EDIT: did not realize there was a bank run, so it could be true.
 
Jacknife said:
>and may end up being one of the last to be paid, if ever.

They have deposited their money there, they are customers/clients not investors/owners.
Even if they are last in line they should still get a part back since the assets more than fully cover all the other debt.

However these numbers seem fishy to me, I think it is way worse.
EDIT: did not realize there was a bank run, so it could be true.
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From what I recall they hired the same lawyer as 3AC, so theyre likely to claim money deposited with them wasn’t yours anyway. People who deposited will be last in line though, biggest creditors come first, and there’s unlikely to be any money left once the big players are done taking their cut.
 
I'll put this here.... HAHAHAHAHAHAHAHAHAHA.

Sorry but as stated I don't give bullets to my enemies so I can shot at by them.
 
Billy Stinkwater said:
FTX was ran was run by 10 kids in the Bahamas who all dated each other because of course it was.

fortune.com

Sam Bankman-Fried’s crypto empire 'was run by a gang of kids in the Bahamas'

Who all dated each other
fortune.com fortune.com
archive.ph

Sam Bankman-Fried’s crypto empire 'was run by a gang of kids in the B…

archived 11 Nov 2022 17:01:42 UTC
archive.ph archive.ph
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Watch this and tell me if it looks like a CEO of a billion dollar company or the beginning of a shit porno:

 
Lol yea, these past few days have been hilarious.
Oh, and they are currently being "hacked for what deposits remain"
I am sure it is very much definitely not an inside job stealing the money before the lawyers come in. Can never trust a Rationalist

Anyways feel free to mine the salt, twitter has been on fire for days. Never trust a youtuber to explain crypto shit in any accurate way. Its prob more retarded than they make it sound.

nitter.net

foobar (@0xfoobar)

Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here
nitter.net nitter.net
archive.ph

foobar (@0xfoobar): "Hundreds of millions of dollars are now flowing …

archived 12 Nov 2022 05:53:08 UTC
archive.ph archive.ph
 
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