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mellocj
All American
1871 Posts
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oh we back?

8/14/2022 10:41:40 PM

Novicane
All American
15386 Posts
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$back$

8/17/2022 7:28:09 PM

The Coz
Tempus Fugitive
21035 Posts
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Lost 8% so far today. To the moon (shitter)!

8/19/2022 7:09:10 AM

The Coz
Tempus Fugitive
21035 Posts
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Crypto.com mistakenly paid a woman millions. She bought a mansion.

https://www.washingtonpost.com/technology/2022/09/01/crypto-mistake-australia-mansion-millions/

9/1/2022 1:26:19 PM

rwoody
Save TWW
34407 Posts
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One might say that fortune favors the Bold

[Edited on September 1, 2022 at 4:53 PM. Reason : I stole this joke from Twitter]

9/1/2022 4:53:04 PM

TreeTwista10
MyYouthIPrayToKeep
145308 Posts
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Quote :
"The error occurred when an employee accidentally filled out the payment amount field with an account number, the court said."


doh

9/1/2022 4:53:07 PM

The Coz
Tempus Fugitive
21035 Posts
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Same story:

https://www.usatoday.com/story/money/2022/08/31/crypto-com-accidentally-sent-10-5-m-woman-took-7-months-realize/7949982001/

Quote :
"The company sent the money on May 20, 2021 to a bank account belonging to Thevamanogari Manivel after entering her account number into the payment amount field, according to the judgement.

"Instead of refunding $100.00 as intended, $10,474,143.00 was erroneously transferred," the judgement reads."


And now I know that Thevamanogari Manivel's Crypto.com account number is 10474143!

9/1/2022 6:51:46 PM

TreeTwista10
MyYouthIPrayToKeep
145308 Posts
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I'm wondering if +/- $20k is the equilibrium sweet spot and if there could ever be any kind of semi-stable "currency" element to BTC, or if it will just go back to fluctuating wildly like a stock like it has in the past. It's been in the $18k-$24k range over the last few months.

9/15/2022 3:57:34 PM

qntmfred
retired
40165 Posts
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look if we're going to bump crypto threads we at least gotta mention the eth merge

[Edited on September 15, 2022 at 9:56 PM. Reason : next post in this thread will be in 2024 who's HODL]

9/15/2022 9:54:58 PM

The Coz
Tempus Fugitive
21035 Posts
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How was it a bump? This thread was already on top of Tech Talk. TreeTwista10 just made a new post.

9/16/2022 7:50:11 AM

synapse
play so hard
60398 Posts
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[Edited on September 26, 2022 at 6:41 PM. Reason : Peace ]

9/26/2022 6:41:29 PM

The Coz
Tempus Fugitive
21035 Posts
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9/27/2022 6:38:54 AM

CaelNCSU
All American
6867 Posts
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Still mining. It's not profitable vs if I'd have just sold for cash @48k when I bought the miners. Haven't sold any generated, but getting about .02 a month for $300.

10/26/2022 3:57:32 PM

The Coz
Tempus Fugitive
21035 Posts
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You're wasting energy for no reason. It's dumber than SETI.

10/27/2022 6:50:30 PM

CaelNCSU
All American
6867 Posts
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^ I generally do what ever pisses you off. Just bought another older miner to make sure it wastes even more energy.

11/4/2022 10:25:48 PM

The Coz
Tempus Fugitive
21035 Posts
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Apparently.

11/5/2022 9:52:54 AM

The Coz
Tempus Fugitive
21035 Posts
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Also, you wasting or losing money on stupid crap doesn't piss me off, it provides me additional confirmation bias.

11/5/2022 11:40:37 AM

HaLo
All American
13767 Posts
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RIP FTX

11/8/2022 2:16:01 PM

The Coz
Tempus Fugitive
21035 Posts
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FTT-USD at -73% for one day. Not bad!

11/8/2022 7:51:37 PM

CaelNCSU
All American
6867 Posts
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https://twitter.com/zebulgar/status/1590024420667854849

11/8/2022 11:53:43 PM

The Coz
Tempus Fugitive
21035 Posts
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FTX buyout fell through. Oops!

11/10/2022 7:53:11 PM

The Coz
Tempus Fugitive
21035 Posts
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LOL. Bankrupt!

11/11/2022 7:26:42 PM

CaelNCSU
All American
6867 Posts
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[link]https://web.archive.org/web/20221109230422/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/[/link]



[Edited on November 11, 2022 at 10:41 PM. Reason : A]

11/11/2022 10:38:51 PM

dmspack
oh we back
22810 Posts
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https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/

Quote :
"

The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters.

A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion."


Quote :
" In text messages to Reuters, Bankman-Fried said he "disagreed with the characterization" of the $10 billion transfer.

"We didn't secretly transfer," he said. "We had confusing internal labeling and misread it," he added, without elaborating.

Asked about the missing funds, Bankman-Fried responded: "???"

FTX and Alameda did not respond to requests for comment."


Quote :
" In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a "backdoor" in FTX's book-keeping system, which was built using bespoke software.

They said the "backdoor" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said."


Lol.

[Edited on November 12, 2022 at 8:25 AM. Reason : A]

11/12/2022 8:23:24 AM

justinh524
Sprots Talk Mod
24694 Posts
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Seems perfectly legal and fine

11/12/2022 10:39:00 AM

dmspack
oh we back
22810 Posts
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But deregulated currency is better!

11/12/2022 1:30:54 PM

HaLo
All American
13767 Posts
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https://www.cnn.com/2022/11/12/business/ftx-hack/index.html

$487M stolen from FTX

11/12/2022 8:26:27 PM

aaronburro
Sup, B
52277 Posts
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^^ this ain't got nothing to do with the currency or anything around it. It's just straight up fraud. Should spur some kind of regulation around those exchanges, though. Hard to believe that hasn't happened yet

[Edited on November 12, 2022 at 8:31 PM. Reason : ]

11/12/2022 8:30:24 PM

dmspack
oh we back
22810 Posts
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Yes. I should’ve said deregulated finance rather than currency.

11/12/2022 10:22:45 PM

0EPII1
All American
42378 Posts
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Wow, this FTX ad during the Super Bowl predicted it would die

https://twitter.com/allnick/status/1590788378907529216

11/15/2022 12:45:06 AM

The Coz
Tempus Fugitive
21035 Posts
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I want to think that's the only reason Larry David agreed to do the ad.

Oh, and the money he was paid.

11/15/2022 8:39:27 PM

CaelNCSU
All American
6867 Posts
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https://mobile.twitter.com/WSBChairman/status/1590799621378691072

11/15/2022 10:11:09 PM

CaelNCSU
All American
6867 Posts
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Oops, thought I was sending this https://mobile.twitter.com/WSBChairman/status/1592597633499291648

11/15/2022 10:16:20 PM

Novicane
All American
15386 Posts
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https://www.youtube.com/watch?v=6U_fsRgoxgA

and ya'll gave his girl billions? omg.

11/16/2022 5:29:09 AM

The Coz
Tempus Fugitive
21035 Posts
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I gave $0.

11/17/2022 7:36:35 AM

The Coz
Tempus Fugitive
21035 Posts
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From the most recent bankruptcy filing and written by the new FTX CEO of less than a week:

Quote :
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented."

LOL

11/19/2022 10:50:16 AM

The Coz
Tempus Fugitive
21035 Posts
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Are we tired of winning yet?

11/20/2022 11:17:36 AM

CaelNCSU
All American
6867 Posts
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https://twitter.com/AP_ArchPublic/status/1594386225200234496

^ $1000 invested at the start of the thread is still worth $4,000,000.

That said think it's probably going to decent below 2017 levels shortly. Lots of shady shit that probably has tentacles in the non shitcoin side.

[Edited on November 20, 2022 at 9:16 PM. Reason : A]

11/20/2022 9:16:13 PM

The Coz
Tempus Fugitive
21035 Posts
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Yeah, I'm talking about the bag holder everyman who got in at the peak, not the pump-and-dump folks who facilitated this Ponzi scheme.

11/21/2022 9:01:40 AM

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