VALUE?????
I was born at night, but it wasn't last night.
Value is THIS:
Coinbase’s CEO sold his $COIN stock so it looks like everyone’s out
Much better than dirty fiat money.
Why do we have to keep perverting the English language. Were they screwing or were his mash IMs just being rejected?
Gee, I wonder why. Maybe he should offer free tickets to a Lakers game for every investor.
“Lawmakers increased their skepticism of the cryptocurrency sector…”
Yeeah. Kinda’ starting to sound a bit scam-ish.
You realize this is the definition of a Ponzi scheme.
Somewhere around 18 months ago a bitcoin was worth something like $67,000. Soon they’ll be worth $50.
Cryptoponzi
So, 99% of the Twitter employees weren’t actually doing anything, and this massive FTX cryptocurrency debacle was being run by a small group of fools who paid little attention to industry regulations? They just sort of “did things”?
The world is not what it appears.
The global economy is a sham.
I can see why crypto currencies are popular among many people, personally I’ve always thought eventually the government could squash any and all crypto currencies if it wanted to.
We’ve had this discussion many times on FR, some saying the government squashing crypto currencies that are decentralized like bitcoin would be impossible.
You have to wonder if FTX collapsing is just the beginning of the government crashing all crypto currencies and ushering in either their own CBDC which is currently being tested or unleashing harsh regulations on crypto currencies.
the amusing part of this is those calling for the corrupt & incompetent government to investigate/regulate the corrupt & incompetent crypto-fraudsters....
“investment from Binance, which is led by chief executive Changpeng Zhao.”
If he does the same due diligence as he did for FTX, what will he find?
Which politicians were they bribing??
its becoming obvious all of this was a scam
I like it.
If by “creditors” they mean people with accounts, the only “constructive conversation” I would want to have is, “Here’s your money”.
Calling these entities “exchanges” is a fraud. An exchange is a place where buyers and sellers meet to trade, for example, the New York Stock Exchange. I never heard of an exchange experiencing an ole fashioned bank run. The reason is these crypto “exchanges” are in fact fracticional reserve banks.
VALUE?????
I was born at night, but it wasn't last night.
Value is THIS:
I think I’m glad I know nothing about cryptocurrency.
All of these craptocoins are worthless! Some just explode sooner than others.
Bitcoin, Binance, $COIN, Dogecoin whatever ... they’ll turn out worthless too!