As if crypto wasn’t useless enough, it’s always at the center of endless scams. What’s it gonna take for people to walk away from this poison?
FTX collapse, Tether operations have links to online-poker cheating scandals
31–40 of 350 posts
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#32Larry was right for once [1]. [1]: https://www.youtube.com/watch?v=BH5-rSxilxo
Larry the character maybe; not Larry the real person.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#33I wonder if there are cases of large scams where the perpetrators are smart enough to avoid being caught. Not all criminals end-up behind bars. I suspect that some scams can go unnoticed for long enough. I also suspect that scam opportunities are exploding.
It's not that they are smart.
It seems more to me like governments don't want to take financial crimes (specifically fiditiary duty) seriously, as it would make precedent for bankers who do the same crimes, just less visibly (bailouts).
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#34It’s amazing to me that enough people still believe in the crypto scam to keep pumping BTC above $15k. I guess they are still managing to mint fools at a fast enough pace to keep the price up.
If someone offered you 1BTC for $10k right now you would bite their hand off. At $14k it would be still some of the easiest money you've made in your life.
Even if you have the most cynical opinion of cryptocurrency, you must admit it's alive and well. It is as long as there are enough people who believe that it is - and your honest answer to the above would reveal that you know that to still be very true.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#35It’s amazing to me that enough people still believe in the crypto scam to keep pumping BTC above $15k. I guess they are still managing to mint fools at a fast enough pace to keep the price up.
Tether keeps BTC above 15k IMO. They keep printing more anytime it starts to dive. Will tether survive the bank runs?
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#36It’s amazing to me that enough people still believe in the crypto scam to keep pumping BTC above $15k. I guess they are still managing to mint fools at a fast enough pace to keep the price up.
If someone offered you 1BTC for $10k right now you would bite their hand off. At $14k it would be still some of the easiest money you've made in your life. Even if you have the most cynical opinion of cryptocurrency, you must admit it's alive and well. It is as long as there are enough people who believe that it is - and your honest answer to the above would reveal that you know that to still be very true.
Oh absolutely. Had I known the absurdity of crypto would still have been going on this long, I would have set up a bunch of rug pulls and run away with the money.
Interrst rate hikes kill zombie companies. Scams put dumb people under the lash of their betters.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#37[deleted]
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#38There is a German saying: "Wo ein Trog ist kommen die Schweine." roughly translates to "Where there is a trough - the pigs will come." Rather fitting for all the crypto meltdowns in the last years.
Also "schadenfreude" :-). (pleasure derived by someone from another person's misfortune).
Also a nice word, but not the same as OP bon mot.