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Profile of Mike Novogratz, who got a Luna tattoo before its collapse
- jqpabc123 4y agoIs he a purveyor of the con or a sucker or maybe a little of both? Maybe unwittingly so but I think most in the crypto cult are a little of both. And the Luna debacle is just the latest evidence.
- deleted 4y ago[deleted]
- Nullabillity 4y agoThat's the pernicious thing about capitalism and the stock market, really.
- jqpabc123 4y agoCrypto consumes a lot but it really produces nothing. It is not capitalism and the stock market. As the Luna example shows, just maintaining "stability" is a major achievement in the world of crypto.
- strikelaserclaw 4y agoI would put crypto more in the domain of "financial engineering"
- jqpabc123 4y agoYes. And a very extreme example of it. Making money from electrons is about as extreme as it can possibly get.
- strikelaserclaw 4y ago"Seven years after heavy losses shuttered his hedge fund, Mike Novogratz was in his SoHo office watching his computer screen flicker prices of cryptocurrencies, his new favorite investments. They were all collapsing." sounds like the typical crypto enthusiast.
- ForHackernews 4y agoDon't worry, I'm sure somebody will give him $100m for his next exciting adventure.