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For anyone else enjoying the crypto meltdown, might I suggest the subreddit /r/buttcoin? It's quite enjoyable. https://old.reddit.com/r/Buttcoin/
Why would u enjoy people losing their life savings? Just because they told you to have fun staying poor on the way up?
For anyone else enjoying the crypto meltdown, might I suggest the subreddit /r/buttcoin? It's quite enjoyable. https://old.reddit.com/r/Buttcoin/
Why would u enjoy people losing their life savings? Just because they told you to have fun staying poor on the way up?
Edit: I guess when someone has “20 billion dollars” a 700mm loan doesn’t seem like a big risk.
For anyone else enjoying the crypto meltdown, might I suggest the subreddit /r/buttcoin? It's quite enjoyable. https://old.reddit.com/r/Buttcoin/
Why would u enjoy people losing their life savings? Just because they told you to have fun staying poor on the way up?
I always have mixed feelings when someone is warned about the riskiness / foolishness / stupidity of a course of action, and then suffers for it. On the one hand, there's a certain satisfaction or Schadenfreude in the sense of vindication. And it's pleasant to feel like my own wisdom or self-control has been validated. OTOH, I know that everyone has limited wisdom / self-control / intelligence, including me. So it se…
I always have mixed feelings when someone is warned about the riskiness / foolishness / stupidity of a course of action, and then suffers for it. On the one hand, there's a certain satisfaction or Schadenfreude in the sense of vindication. And it's pleasant to feel like my own wisdom or self-control has been validated. OTOH, I know that everyone has limited wisdom / self-control / intelligence, including me. So it se…
For anyone else enjoying the crypto meltdown, might I suggest the subreddit /r/buttcoin? It's quite enjoyable. https://old.reddit.com/r/Buttcoin/
Why would u enjoy people losing their life savings? Just because they told you to have fun staying poor on the way up?
> Last week, Alameda (FTX founder Sam Bankman-Fried’s quantitative trading firm) committed $500 million in financing to Voyager Digital, a crypto brokerage. Voyager has already pulled $75 million from that line of credit.
Am I misunderstanding something, or: what kind of mismanagement could possibly lead to loans being given out to a single entity representing, like, over 70% of the entire value of your organization (pre-default)? Its excellent that FTX/Alameda stepped in to keep them solvent and not allow this to spiral further, but at the same time, its incomprehensible to me that Voyager allowed this to happen; so incomprehensible that it feels like I'm misunderstanding something.