How are the people who bought crypto from the Super Bowl advertising going to perform? So far they’re ONLY down maybe 40% by going all in by following Matt Damon, Tom Brady, etc. and ignoring Larry David’s skepticism ?
Meh, what's a Trillion dollars in market loss if it means Russians can't effectively circumvent sanctions now with crypto mining, holdings, payments, hacking, and trading.
Just imagine what Thanksgiving 2022 will be like when everyone is reunited with that brother in law who got them to drop their entire Xmas bonus into crypto because he was "crushing it" with his crypto holdings. If you thought Thanksgiving was hard when your Oberlin College women's studies cousin got in the same room as your Trump train father in law, wait until the Great Cryto Crash Thanksgiving of 2022.
“Front running,” based off the old tricks in the 1920s
[SEC Chair]“Gensler has previously warned about crypto exchanges trading ahead of their customers' orders, a practice known as front-running.”
Gensler.
Look at that guy.
You trust him?
He may be bug eyed, but he did teach a blockchain and digital currency course at MIT prior to becoming SEC chair. And he knows most if not all of the crypto space today is a scam
He may be bug eyed, but he did teach a blockchain and digital currency course at MIT prior to becoming SEC chair. And he knows most if not all of the crypto space today is a scam
He only knows how to use his birthright to network his way into positions he has no right to have
"The obvious precedent is FDIC insurance (up to $250,000 per person)," Vitalik Buterin tweeted, adding that he “strongly supports” helping the “average UST smallholder."
We’re still early. the lottery ticket at the Sunoco gas station in 2014 was only $1, but the payouts could be multiples of it, except they’re in stablecoin, and gotta HODL to get the Lamborghini
interesting it seems like crypto critics are getting a lot more main stream coverage these days after the latest crash
This is actually a long but really good read. He outlines the problems in language most people should be able to understand.
Agreed. SEC Chair warns public on this crapola:
" On the back of a meltdown in crypto markets last week, Securities and Exchange Commission Chairman Gary Gensler sent a stern warning to the investing public on crypto, calling it a “highly speculative asset class” and reiterating its lack of investor protections. During an appearance at a FINRA conference in Washington, D.C., on Monday, Gensler opined that the investing public isn’t getting full and fair disclosures and that cryptocurrencies should be regulated as securities."
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