User Panel
Quoted: yes it is.
this will be the most epic burn in history. View Quote View All Quotes View All Quotes Quoted: Quoted: Lol this is amazing yes it is.
this will be the most epic burn in history. It is just beyond ridiculous. Seriously a sixth grader could have done better |
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https://pbs.twimg.com/media/FhsY6fVWYAsPrn_?format=jpg&name=900x900 View Quote |
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Dave Portnoy: How did people not know this?
Dave Portnoy: How did people not know this? |
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Quoted: https://www.ar15.com/media/mediaFiles/28207/BB354F5B-1E29-4634-ADF4-6A7413EF12C6_jpe-2603503.JPG https://www.dailymail.co.uk/news/article-11437361/Sam-Bankman-Fried-admits-lied-ethical.html The DAILY MAIL is doing better reporting on this story than the New York Times. “Discussing the possibility”? Top. Men. View Quote Nothing will be done to the perpetrators and the event will be used to regulate free range crypto out of existence. [.gov]The only safe digital currency is Government digital currency.[/.gov] |
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https://pbs.twimg.com/media/Fh2pDxTXgAIl8zh?format=jpg&name=small View Quote |
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Quoted: Holy crap. I just dropped my kid off at middle school. And as I was leaving I saw a student that looked like the mirror copy of this guy's girlfriend. Same hair braids. Same type glasses. Same face look. It was surreal. View Quote Maybe she’s on the lam—witness protection in a middle school? TC |
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Quoted: The part that's missing is Sam's "investments" were FTT coin. A coin he made up and his other company, Alemeda, pumped the price of. More than half of their entire value of both companies, $32 bil, was FTT coin. Then, they used customer funds to try to prop themselves up when shit was going south which is highly illegal. View Quote FTX second largest source of dem campaign funds, behind Soros. |
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Quoted: Nothing will be done to the perpetrators and the event will be used to regulate free range crypto out of existence. View Quote You're probably right. Although Theranos CEO Elizabeth Holmes on Friday was sentenced to more than 11 years after she was convicted on three felony counts of wire fraud and one felony count of conspiracy to commit fraud So maybe? |
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Quoted: This is a comically bad attempt at gaslighting. View Quote View All Quotes View All Quotes Quoted: Quoted:
https://pbs.twimg.com/media/Fh2pDxTXgAIl8zh?format=jpg&name=small Forbes is alt-reality entertainment. |
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Quoted: yes it is.
this will be the most epic burn in history. View Quote Most epic burn in history, and yet, because this was the funding arm of the Biden and Democrat crime organization, they not only got rich through FTX, they will use its downfall to regulate all crypto to death, removing competitors like bitcoin from the stage as they introduce the "digital dollar" and attempt to end all cash transactions. |
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Quoted: You're probably right. Although Theranos CEO Elizabeth Holmes on Friday was sentenced to more than 11 years after she was convicted on three felony counts of wire fraud and one felony count of conspiracy to commit fraud So maybe? View Quote Someday there's going to be an entire Mad-Libs book based on these frauds: I had a meeting at A WeWORK OFFICE to cash out my THERANOS investment for some FTX TOKENS which I used to buy tickets to the FYRE FESTIVAL with my girlfriend, ANNA DELVEY. |
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Quoted: Most epic burn in history, and yet, because this was the funding arm of the Biden and Democrat crime organization, they not only got rich through FTX, they will use its downfall to regulate all crypto to death, removing competitors like bitcoin from the stage as they introduce the "digital dollar" and attempt to end all cash transactions. View Quote I don't disagree. Just saying they certainly ran a hell of a scam and knew who to pay off to make it happen. |
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https://pbs.twimg.com/media/Fh4BOgNXkAI5uH2?format=jpg&name=small View Quote This is the reason I keep a safe distance from stuff like this. It is only possible to gain when others lose. |
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Quoted: This is the reason I keep a safe distance from stuff like this. It is only possible to gain when others lose. View Quote View All Quotes View All Quotes Quoted: Quoted:
https://pbs.twimg.com/media/Fh4BOgNXkAI5uH2?format=jpg&name=small This is the reason I keep a safe distance from stuff like this. It is only possible to gain when others lose. That's not true at all. Not everything in life, let alone in finance, is a zero sum game. ForEx is zero sum but that's the only real one I can think of. |
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View Quote Ooof burned by a girl too |
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Quoted: That's not true at all. Not everything in life, let alone in finance, is a zero sum game. ForEx is zero sum but that's the only real one I can think of. View Quote I agree. When you make useful products and render practical services to others, value IS created. win/win When you participate in zero sum financial scams, NO value is created. It is merely transferred from the losers to the winners. win/lose |
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Turkey orders seizure of FTX founder Bankman-Fried's assets Turkish authorities are seeking to seize the assets of cryptocurrency exchange FTX founder Sam Bankman-Fried and other affiliates, according to a recent notice from the country's Financial Crimes Investigation Board (MASAK). The agency wanted approval from the Istanbul Chief Public Prosecutor's Office to start an "investigation for various antecedent crimes and laundering the property values ??arising from the crime," as well as "confiscate the suspicious assets" under Turkey's anti-money laundering laws, the notice read. The abrupt demise of FTX, triggered by major outflows from the platform after the discovery of its multi-billion dollar balance sheet shortfall, has led to intense regulatory scrutiny on SBF and his crypto empire from around the globe, especially across jurisdictions where it operated, including the U.S. and the Bahamas, where it's headquartered. In its first bankruptcy hearing on November 22, a counsel to FTX said Bankman-Fried treated his trading platform as his own "personal fiefdom." View Quote Seeking Alpha |
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When you steal that kind of money, you should be more worried about the people you stole from instead of the authorities.
He might be able to hang out in some country with no extradition agreement but people can still get their hands on you. |
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Quoted: When you steal that kind of money, you should be more worried about the people you stole from instead of the authorities. He might be able to hang out in some country with no extradition agreement but people can still get their hands on you. View Quote Three Days of the Condor - "It would happen this way..." |
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Amazing if true, well, not that amazing
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Man, I clicked this thread thinking it'd be talking about how all the US defense spending in Ukraine has reduced the budget(s) for Field Training Exercises.
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Quoted: Amazing if true, well, not that amazing https://pbs.twimg.com/media/FihvFPcXgAA3FBI?format=jpg&name=large
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View Quote I just rewatched that last week. We have people freaking the fuck out over McDonalds running out of chicken nuggets. Imagine bilking someone out of millions and thinking you're safe in some third world resort town. Walking down to the corner for a cup of coffee, a car pulls up and it's a shotgun blast to the pelvis. |
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Quoted:
View Quote If you don't pay the IRS $10,000 they garnish your paycheck and threaten you with jail. If you steal $10,000 from another random person, the government will send you to jail. If you steal billions by give some of it to the right people, the government may "request your presence". |
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Quoted: If you don't pay the IRS $10,000 they garnish your paycheck and threaten you with jail. If you steal $10,000 from another random person, the government will send you to jail. If you steal billions by give some of it to the right people, the government may "request your presence". View Quote View All Quotes View All Quotes Quoted: Quoted:
If you don't pay the IRS $10,000 they garnish your paycheck and threaten you with jail. If you steal $10,000 from another random person, the government will send you to jail. If you steal billions by give some of it to the right people, the government may "request your presence". Attached File it's analogous to the "if you owe the bank..." parable |
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Quoted: If you don't pay the IRS $10,000 they garnish your paycheck and threaten you with jail. If you steal $10,000 from another random person, the government will send you to jail. If you steal billions by give some of it to the right people, the government may "request your presence". View Quote But if you are of the democrat victim class, you can also steal $999 worth of assets from 10 or even 100 different people and businesses, and the cops won't even arrest you in San Francisco. Shoplifting or theft from automobiles under $1000 isn't prosecuted. Clown world indeed. |
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Sam Bankman-Fried says he 'misaccounted' $8 billion after FTX customers wired money to hedge fund Alameda and the cash was counted twice He then explained how the balance sheet combined FTX and Alameda finances, because the latter had defaulted on its debt by this point. On one line labelled "What I *thought*," the spreadsheet listed $8.9 billion in debts but also more than enough to cover it with $27.6 billion worth of assets. "It looks naively to me like, you know, there's still some significant liabilities out there, but, like, we should be able to cover it," Bankman-Fried said. But he then revealed a glaring oversight – the actual numbers were down $8 billion. When the Bloomberg reporter asked Bankman-Fried if he had "misplaced $8 billion," the FTX founder replied: "Misaccounted." He said that some FTX customers sent money directly to Alameda's account because some banks were more willing to work with the hedge fund than the crypto exchange. Then, FTX's internal accounting system counted this money twice by crediting it to both companies. View Quote No, really! Business Insider |
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Quoted: yes it is.
this will be the most epic burn in history. View Quote They're gonna make one hell of a movie out of this one. |
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View Quote The exchanges don't make actual BTC transfers for all the buy/sell transactions on the exchange. The BTC remains in their control and just changes hands on their internal ledger. When you transfer out of the exchange, that's when a a BTC transaction happens. All the exchanges work this way as millions of transactions happen daily and BTC doesn't have the throughput to handle it - not to mention it would be far to slow for exchanges. |
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Quoted: The exchanges don't make actual BTC transfers for all the buy/sell transactions on the exchange. The BTC remains in their control and just changes hands on their internal ledger. When you transfer out of the exchange, that's when a a BTC transaction happens. All the exchanges work this way as millions of transactions happen daily and BTC doesn't have the throughput to handle it - not to mention it would be far to slow for exchanges. View Quote A well run exchange would have assets backing the accounts, and buy on the open market to fill customer orders when they don't have enough assets to fill incoming buys. |
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Quoted: Sam Bankman-Fried says he 'misaccounted' $8 billion after FTX customers wired money to hedge fund Alameda and the cash was counted twice No, really! Business Insider View Quote Quoted:
View Quote The legacy media/ dnc propaganda team are willingly being hoodwinked by his glaringly obvious lies. And lying to readers who are also likely to favor SBF's ideology. Pitiful, pathetic, detestable. |
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Quoted: A well run exchange would have assets backing the accounts, and buy on the open market to fill customer orders when they don't have enough assets to fill incoming buys. View Quote Of course. The exchange is supposed to be mediating transfer of coins they control the keys to. FTX was a fraud. |
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