5 ms·
One interesting way to look at it is that the Crypto market is experiencing a 2008-like crisis (unregulated/less regulated shadow banks going bust), but without
by scottLobster 4y ago
One interesting way to look at it is that the Crypto market is experiencing a 2008-like crisis (unregulated/less regulated shadow banks going bust), but without any bailouts.
Wonder if they'll learn the same lessons and come up with a Crypto federal reserve (likely called Unbanked DAO of Courage represented by Mark Wahlberg or some shit). Would be ironic.
- thehappypm 4y agoStill waiting on the great Beanie Baby bailout too.
- jsutton 4y agoBingo! Found the reliable Beanie Babies comment in a HN article about crypto :)
- thehappypm 4y agoOmg hilarious !
- kkielhofner 4y agoSome of the activities of SBF/FTX could be considered a bailout of sorts, just not a government one.
- tmp_anon_22 4y ago> likely called Unbanked DAO of Courage represented by Mark Wahlberg The celebrity endorsements of Crypto related investment platforms and product is so gross. Using themes like "you don't have to be smart to trade cypto" "be bold" its so gross.
- Pakdef 4y agoSome are getting bailed out by one of the largest exchange. Last I heard, there was a few billion dollars left in the bailout fund. https://currency.com/ftx-bails-out-voyager-and-blockfi https://currency.com/ftx-bails-out-voyager-and-blockfi