coffeebeqn

79 ms·

1771.
by coffeebeqn 4y ago
How about everyone with assets stuck in FTX that can’t withdraw them? When your accounting is fictional it might be hard to pinpoint who’s money went where but everyone got screwed in the end
1772.
by coffeebeqn 4y ago
It’s only ”good” if you believe the ends justify any means. What about FTX customers? People aren’t pawns you can play with for your “greater cause”
1773.
by coffeebeqn 4y ago
Let’s not treat senior management and owners of a company that has gambled away billions of dollars of customers (and investors) money as kids. They should get jail time from what I’ve read so far. They were either criminally stupid or did
1774.
by coffeebeqn 4y ago
Hahaha sure it won’t be impacted
1775.
by coffeebeqn 4y ago
Ah yes let me just pay $200 in gas fees to convert my doge to eloncoin. Problem solved
1776.
by coffeebeqn 4y ago
You know if unemployment is low and the economy is having solid growth at the time.
1777.
by coffeebeqn 4y ago
EU had negative interest rates for a decade. Low interest rates during the good times is definitely a mistake You end up paying for eventually
1778.
by coffeebeqn 4y ago
There are also TIPS which don’t pay as well but you get back 80-90% of inflation as a dividend
1779.
by coffeebeqn 4y ago
> the fact they had bailed out some other failing exchanges That happened after they were buying stadiums and had a Larry David spot on the superbowl. They were the archetypal dumb money, top of the bubble, company. No one should be surp
1780.
by coffeebeqn 4y ago
In dollar amounts it was a tiny tiny exchange though
1781.
by coffeebeqn 4y ago
The true believer billionaires hold only BTC so they won’t be billionaires at that point any longer
1782.
by coffeebeqn 4y ago
I mean there’s goodwill but there’s also the terrible-and-getting-worse crypto industry trend. He might need to keep that cash on hand.