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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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53014305 No.53014305 [Reply] [Original]

Ellison says she agreed with others to pay for the loans by borrowing from sister company FTX.

>says the trading firm made short-term and open-term loans worth billions of dollars to pay for its venture investments.

>> No.53014504

>>53014305
She was guilty oh

>> No.53014511

>>53014305
Caroline and SBF are both stupid

>> No.53014528

>>53014504
She not only was guilty, she pled guilty to 7 felonies and literally mad a deal to avoid any prison time.

>> No.53014552

>>53014528
And where is she now? Behind bars

>> No.53014696

>>53014552
She's out walking the streets on bail

>> No.53014853

>>53014696
Not 110 years imprisonment?

>> No.53015152

>>53014853
RIP

>> No.53015344

>>53015152
She'll grow old

>> No.53015874

>>53014305
Really risky

>> No.53015906

>>53014305
If binance do that, we all gonna die

>> No.53016129

>>53015906
That happens?

>> No.53016368

>>53014305
How much was being borrowed? That's a pain in the ass.

>> No.53016388

>>53014305
No facial expression makes me want to put all my biz earnings into sending them all back, than that one right there.

>> No.53016469

>>53016388
What do you mean?

>> No.53016693

>>53016469
No facial expression a nigger makes annoys him as much as the one from OP. He would happily trade all his biz earnings to pay for a boat to send all niggers back

>> No.53016706

>>53016469
That uppity nigger face he’s making. “Whatchu mean I gotta pay fuh my meal? I din liek it!” But sir. You ate the whole thing. “So. Dat ain mean it wuh good. I ain finna pay.”

Or another example: Cop: “sir. You have warrants, you’re a convicted felon, I pulled a weapon from your pants, you ran a red light, your plates are expired, you have no drivers license, and you have no insurance. Black bipedal being: (that facial expression) “why u rayssis n pull me over cuz I’m bleck?”

Because of this nigger face, it creates so much rage inside, I would take all my monies and send them back to Africa. Essentially what I mean.

>> No.53016732

>>53016693
>>53016706
Racist

>> No.53016760

>>53014305
Looks like sbf is a genius. Trabucco and Ellison couldnt manage as well as as their boss

>> No.53016768

>>53016732
Well spotted.

>> No.53016776

>>53016732
Imagine a group of people so rude and vile who hate you simply because they lack iq and understanding. They blame all of their problems on you and attack you and people like you when they have the opportunity. They drain your country’s resources. They lower your property value when they live near you. Their children lower the average test scores of the schools they go to. They steal from you because they think you owe them something. They don’t follow the same laws you follow. If you commit the same crime as them, you will be punished, not them. No amount of money or resources will bring them up to functioning, producing members of society. This society is not built for their primitive minds. If wishing them a safe and happy life in Africa and nowhere near me is racist, then yes, I am racist and you are absolutely retarded if you’re not racist toward them.

>> No.53016880

>>53016776
You are a racist? Why?

>> No.53016947

>>53016776
Working class whites arent the brightest neither. Education levels in flyover states are low.

>> No.53017004
File: 155 KB, 750x801, A14805ED-17A4-42A2-B117-45C081C4F023.jpg [View same] [iqdb] [saucenao] [google]
53017004

>>53016947
Wow look at all those flyover states.

>> No.53017027

>>53016880
stop trying to derail the thread with your off topic bullshit posting. this is business and finance not butthurt and accusations

>> No.53017053

>>53017027
Same to you
>>53017004
Source?

>> No.53017068

>>53016776
I think you're the retarded one

>> No.53017080
File: 156 KB, 750x673, F6BCA0AA-35C2-442C-9425-306AFD9246AD.jpg [View same] [iqdb] [saucenao] [google]
53017080

>>53017053
https://www.learner.com/blog/states-with-highest-sat-scores

Idaho is around 92 percent white but they have second to last place in sat score. So idk what’s up with those retards.

I would like to stay on topic but op should have used a relevant pic.

>> No.53017137

>>53017053
no not same to me. YOU stop attempting to derail the thread.

>> No.53017149

>>53017027
Okay lets do business? How? Meme coins? Oh all in?

>> No.53017169

>>53017004
How much is this based on scores skewed by NPC (Niggers per Capita)?

>> No.53017230

>>53017149
All in is shit. Better to diversify

>> No.53017277

>>53014305
No exchange is safe. Move your tokens to wallets if you aren't trading. Plebs would ignore this and complain of rekt.

>> No.53017283

>>53017149
Never go all in on any 1 token. Thats a recipe for failure if you're wrong. Spread it out more and have more than 1 coin you put effort into. I wont shill my top 3 tokens but never just focus on 1 coin.

>> No.53017291

>>53015906
Let's hope that doesn't happen. Binance hasn't lost credibility yet. The chain itself is also doing well in terms of projects and developments.

>> No.53017294

>>53017277
I have a ledger for long term bags and the sylo mobile wallet for defi runs

I'm I gmi?

>> No.53017299

>>53017283
>I wont shill my top 3 tokens
Kek. I agree with spreading though. Diversify as much as you can. Staking is also based.

>> No.53017301
File: 7 KB, 250x250, 1670511419753252s.jpg [View same] [iqdb] [saucenao] [google]
53017301

>>53017291
Binance ain't going nowhere tho
I trust CZ with my balls

>> No.53017322
File: 52 KB, 750x738, 1544823628239.jpg [View same] [iqdb] [saucenao] [google]
53017322

>>53016776
basado fren, you made the soibois seethe hard

>> No.53017335

>>53017294
as long as you're not retarded to click on links or lose your phrase you good

is that shit safe tho? how they manage to get messenger and wallet together.

>> No.53017336

>>53016776
>Imagine a group of people so rude and vile who hate you simply because they lack iq and understanding. They blame all of their problems on you and attack you and people like you when they have the opportunity. They drain your country’s resources. They lower your property value when they live near you. Their children lower the average test scores of the schools they go to. They steal from you because they think you owe them something. They don’t follow the same laws you follow. If you commit the same crime as them, you will be punished, not them. No amount of money or resources will bring them up to functioning, producing members of society. This society is not built for their primitive minds. If wishing them a safe and happy life in Texas and nowhere near me is woke, then yes, I am woke and you are absolutely retarded if you’re not intolerant toward them.
Made some minor edits to your post

>> No.53017340

>>53017301
good luck losing your balls

>> No.53017344

>>53017080
Because they still use old standards. In the most nogged places they offer 300 SAT pts for free to "deconstruct institutional biais and perceived racism" just to blur the data of racial differences and push their globohomo rethoric.

>> No.53017356
File: 8 KB, 199x253, 1565691001962.jpg [View same] [iqdb] [saucenao] [google]
53017356

>>53017336
>plebbit moment

>> No.53017369

>>53017299
Yeah cool. Diversify is cool

>> No.53017383

>>53017356
To be clear I'm not endorsing your flipped comment, just want to help you understand exactly how retarded you sound.

>> No.53017419

>>53017335
been using it for almost a year, it's safe and got good features..
send and receive cryptos without asking for addy as long as they on your chat list, web3 privacy, nft powered nodes and all that shit

>> No.53017421

>>53017383
Did you only change Africa to Texas and racist to woke?

That makes zero sense. If someone was woke they’d go on and on about how they’re just like normal humans and they’re cool and make neat music. You want niggers living so close to you, they steal your car to go on a crime spree then their nigger dick goes inside you fat bitch blue haired wife, then right into your mouth.

Also yeah that ftx guy and his girlfriend aren’t on the up and up, huh.

>> No.53017428
File: 40 KB, 490x625, images - 2022-06-06T025513.258.jpg [View same] [iqdb] [saucenao] [google]
53017428

>>53017369
Diversifying is usually a smart idea. I don't ever want to go fucking all in and lose at the end of the day. An intelligent investor knows what they're doing. My current strategies includes DCA, and staking, spot and futures trading kek.

>> No.53017437

>>53017299
stake to earn 10% apy while the project dumps 90% during that time... yeah sounds based to me

>> No.53017455

>>53014305
SAY IT WITH ME
WITH JEWS
YOU LOSE

>> No.53017473

>>53017428
Futures trading is really risky. Staking and spot are safer

>> No.53017479

>>53017421
Why people underestimate black?

>> No.53017541
File: 54 KB, 898x505, 20220831_233937.jpg [View same] [iqdb] [saucenao] [google]
53017541

>>53017419
should come in handy at christmas dinner to tip them old folks some bitcoin and tell them about how it's the future of money kek

>> No.53017550

>>53017335
Must be vaporware. I don't trust anything that doesn't have a payment solution. That's the future and you heard it here first.

>> No.53017562

>>53017419
>send and receive cryptos without asking for addy
Sounds like Unstoppable Domains and CryptoXpress partnered with them recently. More adoption there then.

>> No.53017568

>>53017428
Futures trading with a small portfolio in this dip? Hfsp. Embrace passive income and make your life better.

>> No.53017596

>>53017473
If you know how to control risks, you should also be able to manage futures trading, which is likewise accomplished by chart reading. However, I concur that staking and spot are safer. Take what you find comfortable in it anon.
>>53017479
I don't want to start this discussion. It's offensive. Leave it.
>>53017562
I know this domain has millions of users.

>> No.53017604

>>53017473
It all boils down to individuals risk appetite and experience. I do all but more or spot trading.

>> No.53017627

FTX

Of course there will be several FTX movies, and maybe the most cinematic scene in the whole story is the meeting that Caroline Ellison, the chief executive officer of Alameda Research, FTX’s affiliated trading firm, held to tell her employees that they’d been stealing FTX customer money. Imagine! Imagine coming into the company all-hands meeting at the lucrative trading firm you work at, in the Bahamas, far away from your friends and family and competitors, in a slightly cult-like environment where your every need is catered to out of the firm’s enormous profits. And then your 28-year-old boss is like “so guys, a little bad news, actually we’re a Ponzi? Sorry if I didn’t mention that earlier.” Everyone quit immediately, but much too late.

>> No.53017633

>>53017550
You must be a noob. You should understand that each aspect of crypto complements each other in some way.
There is no doubt about the likelihood of this aspect emerging and the underlying potential it has.

>> No.53017635

>>53017627
That meeting happened on Nov. 9, the day after FTX death-spiraled and tried to sell itself to Binance, and has been reported before. But now Ellison is cooperating with prosecutors and regulators, so we have their version of her version of the meeting and, oof. Here is how the US Commodity Futures Trading Commission describes it:

>On the morning of November 9 at approximately 10 AM ET, after the announcement of the then-contemplated Binance acquisition, Ellison held an “all-hands” meeting with Alameda staff. In that meeting, Ellison acknowledged that earlier that year, she, Bankman-Fried and other individuals had decided to use FTX customer assets to pay Alameda’s debts, and that Wang and another FTX executive were aware of this. Specifically, in that meeting, Ellison stated that, “starting last year” Alameda was “borrowing a bunch of money by open term loans” and used those assets to “make very illiquid investments.” Ellison further explained that following the widespread decline of digital asset prices most of Alameda’s loans had been recalled and, in order to meet those recalls, Alameda borrowed “a bunch of funds” from FTX, which in turn “led to FTX having a shortfall in user funds.” Ellison informed Alameda staff that FTX had “always allowed” Alameda to borrow customer assets, and did not require collateral for those loans. She also explained that Alameda could access user assets without requiring FTX’s approval as the “structure” allowed Alameda to “go negative in coins.” In response to an employee question, Ellison also acknowledged that her November 6 tweet to the Binance CEO offering to buy his FTT holdings at $22 per token was “kind of a misleading thing to tweet” and expressed remorse. Shortly after this meeting, most of Alameda’s staff resigned.

>> No.53017639

>>53017635
“Go negative in coins” is an incredible euphemism, really. The idea is that Alameda could deposit, say, 1,000 Bitcoin at FTX, and then it would have a balance of 1,000 Bitcoin. And then it could withdraw, say, 3,000 Bitcoin from FTX, and then it would have a balance of -2,000 Bitcoin. If you have a negative balance at your bank, bad things happen. When Alameda had a negative balance at FTX, that was just fine. Until it wasn’t.

Ellison and Gary Wang, the former chief technology officer of FTX, have agreed to plead guilty to federal fraud charges for their role in the FTX implosion. (The plea agreements say that Ellison and Wang face maximum sentences of 110 and 50 years in prison, respectively, though presumably they will end up with substantial discounts for cooperating.) Last night, Sam Bankman-Fried, the founder of FTX and Alameda, landed in New York to face similar charges. There is something of a prisoner’s-dilemma situation here, in that there was in theory the possibility that everyone at FTX and Alameda could have stuck together and said “what, we never did anything wrong,” and that they might have persuaded a jury of that. The odds were always low, but it is the approach that Bankman-Fried has taken in public interviews.

>> No.53017644

>>53017596
TA isn't as easy as it looks. There are many strategies and opportunities in this space. Find your niche and master it.

>> No.53017649

>>53017639
Bloomberg’s Zeke Faux reported earlier this month:

>Part of FTX’s appeal was that it was mostly a derivatives exchange, which allowed customers to trade “on margin,” meaning with borrowed money. That’s a key to his defense. Bankman-Fried argues no one should be surprised that big traders on FTX, including Alameda, were borrowing from the exchange, and that his fund’s position just somehow got out of hand. “Everyone was borrowing and lending,” he says. “That’s been its calling card.” But FTX’s normal margin system, crypto traders tell me, would never have permitted anyone to accumulate a debt that looked like Alameda’s. When I ask if Alameda had to follow the same margin rules as other traders, he admits the fund did not. “There was more leeway,” he says. …

>Ellison said that she, Bankman-Fried and his two top lieutenants—Gary Wang and Nishad Singh—had discussed the shortfall. Instead of admitting Alameda’s failure, they decided to use FTX customer funds to cover it, according to the people. If that’s true, all four executives would’ve knowingly committed fraud. …

>> No.53017655

>>53017596
>I know this domain has millions of users.

Most folks utilize this enhance tx. It is ideal to enhance flexibility and simplicity.

>> No.53017657

>>53017596
>I know this domain has millions of users
NFT domains instead of wallet addresses, yeah? I see how that could work.

>> No.53017663

>>53017596
Ok. Deal with staking then

>> No.53017668

>>53017649
>“So, it’s not how I remember what happened,” Bankman-Fried says. But he surprises me by acknowledging that there had been a meeting, post-Luna crash, where they debated what to do about Alameda’s debts. The way he tells it, he was packing for a trip to DC and “only kibitzing on parts of the discussion.” It didn’t seem like a crisis, he says. It was a matter of extending a bit more credit to a fund that already traded on margin and still had a pile of collateral worth way more than enough to cover the loan.

This is a story in which FTX was operating its legitimate business — extending margin leverage to traders on its exchange — and made some mistakes. The mistakes were very bad — they involved giving billions of dollars to Alameda, which it could not pay back, blowing up FTX and taking customer money with it — and also very suspicious, in that FTX gave this generous credit only to its own affiliated trading firm, secured largely by tokens that FTX had invented, and Alameda was lending a lot of that money to FTX/Alameda’s principals for their own personal purposes. And, as I have argued, even if this story was true, it is not much of a defense to fraud charges, because FTX was going around telling everyone that it had good automated risk systems that would prevent it from doing exactly this sort of dumb thing, and lying about that is itself fraud. Again, I don’t think this would have worked. But I suppose if you got a bunch of smart earnest 20-somethings up on the witness stand and they all said “yes we were extending credit to a margin customer, ordinary-course stuff, but then the market blew up and the loans defaulted,” there was a chance.

>> No.53017670

>>53017649
This is fucking serious. Im dead

>> No.53017675

>>53017668
But now Ellison and Wang will get up on the witness stand and, I assume, say something like “oh obviously we knew that was fraud, we were just doing it to steal customer money, we talked about that all the time.” It’s hard to see how Bankman-Fried could rebut that. Just on paper the facts are very bad, but when you add the testimony of his friends they become impossible.

The other new news from Ellison and Wang’s cooperation is about the alleged manipulation of FTT tokens. [1] The US Securities and Exchange Commission explains:

>Beyond its “line of credit” with FTX, Ellison, at Bankman-Fried’s direction, caused Alameda to borrow billions of dollars from third party lenders. Those loans were backed in significant part by Alameda’s holdings of FTT—an illiquid crypto asset security that was issued by FTX and provided to Alameda at no cost. Ellison, acting at the direction of Bankman-Fried, engaged in automated purchases of FTT tokens on various platforms in order to increase the price of those tokens and inflate the value of Alameda’s collateral, which allowed Alameda to borrow even more money from external lenders at increased risk to the lenders and to FTX’s investors and customers, all in furtherance of the scheme.

>> No.53017680

>>53017633
Trends move the market pleb. Payment gateways have been expanding if you're paying attention. It's not rocket science.

>> No.53017693

>>53017675
And:

>In July 2019, when FTX launched FTT, Alameda received a substantial portion of the 350 million FTT tokens that were minted, including all of the “company tokens” that were allocated to FTX. Alameda did not pay for these tokens.

Alameda programmed its automated trading tools (or “bots”) to conduct trades and execute transactions to purchase FTT at specific prices. On more than one occasion, Alameda and Ellison, at Bankman-Fried’s direction, actively engaged in the trading of FTT with the goal of supporting the price of the token. On these occasions, Alameda adjusted the trading parameters of its trading bots in order to support the price of FTT.

>For example, in 2019, there was downward pressure on the price of FTT as the token was being unlocked for early-stage investors. Bankman-Fried became concerned about, among other things, the psychological effect of the price of FTT dropping below a specific threshold, and instructed Ellison to have Alameda purchase FTT to support the price and avoid that outcome. In another instance in 2021, the price of FTT was again facing downward pressure from external events, this time related to substantial sales of FTT by a third party. Bankman-Fried again instructed Ellison to have Alameda purchase FTT on trading platforms to support the price.

>> No.53017708

>>53017693
Here again you might be able to get around the objective facts, which are basically that Alameda, a crypto market maker, was buying FTT tokens when other people were selling. But if the CEO of Alameda gets on the stand and says “yes Sam Bankman-Fried told me to buy FTT tokens to manipulate the price up so that we could continue to borrow billions of dollars against the inflated token we invented,” that is harder to explain away.

The question I always have in situations like this is: How did they think this would go? What was the good outcome here? Why do all this? Many financial crimes have essentially the shape of Ponzi schemes, which by their nature snowball: You take some money from new customers to pay fake returns to old customers, which requires you to take even more money from newer customers to keep paying the fake returns, etc., until the hole gets too big and you go to prison. If you start by stealing $1,000, pretty soon you need to steal $10,000, and then $100,000, and then you find yourself running a billion-dollar Ponzi. And there’s rarely a way to come back from that. It is hard to make back a billion dollars at the roulette tables.

>> No.53017714

>>53017708
You can keep this going for a while, if you are good and lucky; Bernie Madoff ran a huge Ponzi for years. But that doesn’t really help. The longer you run the Ponzi, the deeper the hole gets; being respectable and trusted for decades doesn’t really get you the billions of dollars you need to plug the hole. It is hard to grow your way out of it; growth mostly makes the problem worse.

But there is something different about running a crypto exchange, taking out margin loans against tokens that you made up to invest in crypto venture capital projects. The asset that you are borrowing against is essentially confidence in you: in your exchange, in crypto generally, in your role as a leading figure in crypto. If that collapses, then your finances collapse and you find yourself in a Bahamian jail cell. But what if it doesn't? If you go on long enough, then those FTT tokens that you made up — that entitle customers to discounts on FTX trading fees and a share of FTX revenue — become more and more valuable, and your decision to lend money against them looks fine. (Your decision to manipulate them looks fine, too, because in hindsight you can say “of course we bought when people were selling, we thought they were a bargain, and we were right.”) Ultimately maybe those tokens become so valuable that they dwarf the customer money that you, uh, misplaced, and you can easily plug the hole with the tokens.

>> No.53017735
File: 24 KB, 480x474, images - 2022-12-09T173709.096.jpg [View same] [iqdb] [saucenao] [google]
53017735

>>53017568
You don't know what you're talking about. Stupid as hell.
>>53017655
>>53017657
These guys definitely grasp the concept. A complicated platform is not necessary. People are always drawn to simplicity while using a particular platform.
>>53017675
I believe Caroline and the team are aware of the risks involved in what they're doing, but they still take them. What's done is done. They should serve life in prison.

>> No.53017738

>>53017604
Your choice. I'd rather stick with staking. Allianceblock defi terminal is on of the few pools that still make sense.

>> No.53017741

>>53017714
Earlier this year, we talked a lot about Terra, a crypto project that collapsed when its TerraUSD stablecoin spiraled to zero. The plan, with Terra, was for it to become so popular and widely accepted that people would pay a lot of money for Luna, its native token, and then Terra’s promoters would sell a bunch of Luna to raise money to make TerraUSD a fully backed stablecoin. ““The basic structure of the trade,” I wrote, “is (1) Ponzi, (2) acceptance, (3) diversification, (4) permanence.” This did not work, because before Terra could complete its diversification it lost market confidence, and everything went to zero. But I don’t think it was a terrible plan. If Terra had managed to be widely accepted for long enough, it could have printed its own money, and then exchanged that for real money, and then everything would have been great. So close!

FTX, too, printed its own money, and treated it as money. At the end, as FTX was spiraling into bankruptcy, as the Binance bailout was falling apart, as Caroline Ellison was telling employees about the missing customer money, Sam Bankman-Fried was pitching potential rescuers with a spreadsheet showing that FTX was still solvent. That spreadsheet relied on billions of dollars of tokens — FTT but also weirder things like Serum and Maps — that FTX had made up, that it owned most of, and that had no real independent market value. They were worth billions as long as everyone believed in FTX, and nothing otherwise. By the time Bankman-Fried was circulating the spreadsheet, they were worth nothing. But he only needed to find one person who believed.

>> No.53017767

>>53017741
Now I think it's all just a silver lining

>> No.53017768

>>53017741
I keep quoting it because it is such cinematic foreshadowing, but last year Bankman-Fried said to me on a podcast:

>You start with a company that builds a box and in practice this box, they probably dress it up to look like a life-changing, you know, world-altering protocol that's gonna replace all the big banks in 38 days or whatever. Maybe for now actually ignore what it does or pretend it does literally nothing. It's just a box. So what this protocol is, it's called ‘Protocol X,’ it's a box, and you take a token. …

>So you've got this box and it’s kind of dumb, but like what's the end game, right? This box is worth zero obviously. … But on the other hand, if everyone kind of now thinks that this box token is worth about a billion dollar market cap, that's what people are pricing it at and sort of has that market cap.

He went on in a cynical vein:

>In fact, you can even finance this, right? You put X token in a borrow lending protocol and borrow dollars with it. If you think it's worth like less than two thirds of that, you could even just like put some in there, take the dollars out. Never, you know, give the dollars back. You just get liquidated eventually.

>> No.53017775

>>53017768
And that is what happened: FTX got liquidated eventually, and now he’s facing fraud charges. But it was not obvious, in advance, that that was how it had to go. Maybe the box was life-changing, a world-altering protocol that was gonna replace all the big banks. Maybe you never get liquidated; maybe everyone will keep believing in the box until it becomes real.

>> No.53017792

>>53015906
The fact CZ refuses to use or acknowledge Chainlinks Proof of Reserve says it all....

>> No.53017839

>>53017792
Source?

>> No.53017843

>>53017735
Sadly, defi platform are complex. Even decentralised wallet like metamask

>> No.53017892

>>53017843
Because of this, there is a platform that prioritizes security and simplicity so that average Joes may readily understand the services on that platform. Different people have varying levels of comprehension. Although it is obvious that Metamask is not for beginners, if they are motivated to utilize it, they are able to gradually understand it.
>>53017775
I appreciate how you highlighted each issue, however the latest 4chan update makes my eyes water. I'm hoping it's just a holiday update, damn. I can't take it.

>> No.53017914

>>53017892
Yeah weird i don't like using anymore .captcha is difficult to solve

>> No.53017920

>>53017680
I'm not saying the contrary. Arguably, it might trend, but we can't conclude yet. I think I concur with the Walmart CTO's sentiment about this aspect as a major disruptor of other means.

>> No.53017929

>>53017735
>People are always drawn to simplicity
If we must hit mainstream adoption, this cannot be negated. It's a key factor to always consider when developing. What's the essence of developing a platform when it's complex and sophisticated to navigate around?

>> No.53017944
File: 22 KB, 500x332, 1666654137415873.jpg [View same] [iqdb] [saucenao] [google]
53017944

>>53017738
No doubt, I'm dealing with one that is powered by their lmaas. I'm in while waiting for their metaverse base bank and buyback plans to roll out. I'm counting on this as a major catalyst in a bull market for the project.

>> No.53017946

>>53017839
CZ THE CHINK

>> No.53017974
File: 213 KB, 800x450, image_(12).png [View same] [iqdb] [saucenao] [google]
53017974

>>53017053
>source?

>> No.53018010

>>53017914
It seems strange to me, but perhaps I will adjust. Lol
>>53017929
Sure, that will prevent average people from using it. Remember that just 5% of the world's population is now actively involved in the crypto industry. Think about getting at least 50%. I can picture traffic for exchanges, nft markets, metaverse, and other services.

>> No.53018080

>>53017946
Chinklink

>> No.53018085

>>53017974
>Redditoid spotted

>> No.53018115

>>53017843
good thing we now have platforms partnering with unstoppable domains to make it easier to transfer assets without having to use wallets and wallets addresses

>> No.53018133

>>53018010
The coming years are going to be pivotal. With all the shit we've gone through in crypto this past year, I think it's safe to say that the crypto space has really matured.

>> No.53018194

>>53018010
>Think about getting at least 50%. I can picture traffic for exchanges, nft markets, metaverse, and other services.


That's absolutely possible, but it won't be an easy one for the ecosystem, as we all know the government is fighting against decentralization. They want to censor everything. It might take years for such to occur.

>> No.53018336

>>53018080
Lol. What's that?

>> No.53018378
File: 29 KB, 640x393, images - 2022-05-02T062750.724.jpg [View same] [iqdb] [saucenao] [google]
53018378

>>53018194
As long as I can see the progress being made, I don't mind waiting. Despite the government's constant opposition, I know that innovation in the crypto will continue. Regulation may be implemented although I hope it's not overregulated. What do you think?

>> No.53018436

>>53018133
It's risky

>> No.53018444

>>53017455
SAY IT AGAIN

>> No.53018451

>>53018378
Gotta agree with this one. A lot of NPCs just reel out what they've heard about regulation being bad. It's not all bad. The problem is over-regulation.

>> No.53018470

>>53017562
I hope they get to partner with more projects that have features that could make crypto relatively easier to use. That's the whole idea imo

>> No.53018491

>>53018451
Regulation is fine. It will bring safety measures.

>> No.53018597

>>53017944
Since I didn't see a project that fully integrated the metaverse, I won't draw any conclusions about the outcome, but we'll have to wait and see how it turns out. The metaverse banking is a huge responsibility. Don't let us down morons.

>> No.53018639

>>53018491
That's the advantge but what if the government will milk us more.

>> No.53018657

>>53018597
I can imagine Mark's zuckerberg

>> No.53018663

>>53018657
I meant his Meta zucks haha

>> No.53018758
File: 9 KB, 225x225, images (37).jpg [View same] [iqdb] [saucenao] [google]
53018758

>>53018663
Let's wait until the product is live before drawing any conclusions and see how it goes. It's too early to criticize the unfinished product after Mark spent millions on it. I still opt to remain upbeat.
In terms of the liquidity of the crypto market, next year might be better.

>> No.53018909

>>53018597
yo bros, idk what the deal is with the metaverse. i think it's better than NFTs but NFTs seem to be making more $$$ rn idk

>> No.53018934

>>53018909
Which NFT? Another JPEG?

>> No.53018946
File: 7 KB, 250x245, 1638288464398s.jpg [View same] [iqdb] [saucenao] [google]
53018946

>>53018758
if meta makes something of their platform, every project remotely related to the metaverse is gonna enjoy the benefits. snooze you lose.

>> No.53018955
File: 7 KB, 197x255, images (29).jpg [View same] [iqdb] [saucenao] [google]
53018955

>>53014305

>> No.53019066
File: 4 KB, 250x230, 1639571719869s.jpg [View same] [iqdb] [saucenao] [google]
53019066

>>53017680
The next hurdle to cross is the hurdle of habit. It'd take some convincing to wean people out of traditional finance. But the solution is in the problem: make it stupid simple.

>> No.53019122

>>53017657
could actually be way easier if you think about it. using wallet addresses is mentally draining to me because I always worry about sending to the wrong address. And crypto sent is non-refundable.

>> No.53019286

>>53017792
CZ refuses to pump your bags stink linky.

>> No.53019916
File: 8 KB, 284x177, 1663318797643.jpg [View same] [iqdb] [saucenao] [google]
53019916

>>53018597
>The metaverse banking is a huge responsibility.


It requires a lot, and I keep wondering about the convenience and comfort it will bring. I hope the team is capable of pulling that through as proposed.

>> No.53019953

>>53015906
Anons who have embraced self custody without compromising privacy wouldn't die along with you.

>> No.53020189

Is Caroline going to renege on her debts, or is she going to get on OnlyFans and start hustling?

>> No.53020632
File: 71 KB, 640x639, 1641225343987.jpg [View same] [iqdb] [saucenao] [google]
53020632

>>53017336
Fuck off faggot