Oh my goodness surely this is going to be the absolute end for cryptocurrencies now isn't it? Is bitcoin now dead?
Bitcoin is dead. This is good for bitcoin. :D
Withdrawals from BlockFi continue to be paused
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Re: Withdrawals from BlockFi continue to be paused
#12"For further questions, please feel free to contact our Client Success team." Oh the irony.
Which is also funny because its not like the customer support reps are going to be able to assist in any way. They're just as in-the-dark as the public, or only just barely aware of how bad things are. Even so, its not like they are going to be able to calm anyone down.
I'm sure each one of them wants to give some kind of reassurance to panicked customers but is powerless to help and is worried about saying anything that could get them in trouble legally.
Re: Withdrawals from BlockFi continue to be paused
#13I'm really SHOCKED that a company that was offering 8% interest on deposits mid 2021, when the fed tax rate was around 0%, ended up being a HUGE PONZI. You can't trust nobody, a guy can't get his 500% greater returns in peace no more.
Free lambos are for pharaoh only.
Re: Withdrawals from BlockFi continue to be paused
#14I'm really SHOCKED that a company that was offering 8% interest on deposits mid 2021, when the fed tax rate was around 0%, ended up being a HUGE PONZI. You can't trust nobody, a guy can't get his 500% greater returns in peace no more.
Crazy right. Almost like unlimited money isn't a thing.
Re: Withdrawals from BlockFi continue to be paused
#15Oh my goodness surely this is going to be the absolute end for cryptocurrencies now isn't it? Is bitcoin now dead?
Bitcoin is dead. This is good for bitcoin. :D
A lot (most?) of what's happening in Crypto is quite at odds with the proposed direction in the bitcoin paper (e.g. transparency, (de)centralization) So while a much needed correction for 'crypto' in general, this is not necessarily bad for bitcoin long term.
Re: Withdrawals from BlockFi continue to be paused
#16I'm really SHOCKED that a company that was offering 8% interest on deposits mid 2021, when the fed tax rate was around 0%, ended up being a HUGE PONZI. You can't trust nobody, a guy can't get his 500% greater returns in peace no more.
Unless you’re in government where there are no laws against leveraging inside info.
Re: Withdrawals from BlockFi continue to be paused
#17Oh my goodness surely this is going to be the absolute end for cryptocurrencies now isn't it? Is bitcoin now dead?
Naaa this is the best thing to happen to bitcoin. Over the last 2 years bitcoin was being eaten up by wall street and technocrats.
The OG crypto people were being bribed by all the money coming in and the ones that remained "pure" were being shunned as "toxic btc maxis".
This is like a massive wildfire that gets rid of all the "overgrowth". If it wasn't for this, there was a non zero chance that bitcoin would slowly die out.
Worse we would've ended up in a dystopian future of CBDCs and social credit etc.
Re: Withdrawals from BlockFi continue to be paused
#18Oh my goodness surely this is going to be the absolute end for cryptocurrencies now isn't it? Is bitcoin now dead?
down 80 percent in a year.already close to dead
Re: Withdrawals from BlockFi continue to be paused
#19"We intend to communicate as frequently as possible going forward but anticipate that this will be less frequent than what our clients and other stakeholders are used to." Nothing since Nov 11. Their silence is deafening
This is bullshit for: "Prepare for radio silence, but don't be alarmed. Please continue to hold the bag for us."