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56741692 No.56741692 [Reply] [Original]

I hope he gets thrown in jail. It's needed, the crypto "industry" needs a rude awakening. Time for a reality check.

>> No.56741700

SAM LOST btw
No refunds

>> No.56741701
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56741701

>>56741692
Death penalty.

>> No.56741714

What the F is gonna happen to Lunc!!! Many of us were counting on cz!!!

>> No.56741729
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56741729

>>56741700
>SAM LOST btw
Fucking victory right there. Fuck that lying dickhead.

>> No.56741752
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56741752

>>56741692
>"The message here should be clear: using new technology to break the law does not make you a disruptor, it makes you a criminal."
- Attorney General Merrick B. Garland
LIKE A BOSS

>> No.56741769

What did he do?

I bet this is just revenge for getting Bankman-Fraud locked up, because he was a huge Democrap donor.

>> No.56741772
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56741772

>>56741692
Hope all you want, retarded jew. It will never come true
4

>> No.56741776

>>56741752
>LIKE A MAFIA BOSS
ftfy

>> No.56741791

>>56741769
>I bet this is just revenge for getting Bankman-Fraud locked up
The jews wanted their money back and it's just a cohencidence...CZ has to pay more than $4b in fines and some of that money will go straight to FTX "customers" recovery fund
>Captcha S4M 4R2

>> No.56741832
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56741832

>>56741692
seeing you fiatcels seethe and DEMAND the industry to be destroyed is hilarious
the dollar has no bottom and your bank does not have your money

>> No.56741836

>>56741832
>destroyed
Regulated, like all else, that is all.
Society runs on rules, deal with that reality.

>> No.56741843
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56741843

>>56741832
Thanks.
Just borrowed 137 BTC.
On 10x margin.

>> No.56741859

>>56741701
Fuck Thether, smoke and mirrors everywhere.

>> No.56741865

>>56741859
>Fuck Thether
No.

>> No.56741867
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56741867

>>56741832
>DEMAND the industry to be destroyed is hilarious
Read:
>>56741836
STFU, child, adults are working

>> No.56741887

>>56741865
Yes, they lie about everything, they prsented themselves a safe USD oarallel, when they in fact are runn8ng a high-risk hedge fund. Your money on a casino table, basically, when you think your money is in a vault.

>> No.56741891

>>56741887
Too big to fail.

>> No.56741915

>>56741832
this

>> No.56741919
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56741919

>>56741915
Shut up retard.

>> No.56741925

>>56741692
this actually means really great oportunities for every rising project around ETFs will rise the fuck out of my blocklords bags to the fucking skies, reviving old narratives for 2024 lfg

>> No.56741953
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56741953

>>56741891
But not to dismantle

>> No.56741965
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56741965

>>56741953
Take a good hard look at pic related.

>> No.56741966

>>56741919
Stay mad, faggot. The u.s. is trash

>> No.56741972

>>56741925
The big crypto collapses of 2022 and 2023 ARE A GOOD THING, we are rounding up the scammers and liars, and tightening the screws on the crypto industry, this INCREASES legitimacy, reputation, and PUBLIC CONFIDENCE.
Crypto needs more of that, not less.

>> No.56741981

>>56741965
Your point?

>> No.56741983

>>56741981
Leverage.

>> No.56741998

>>56741701
>4.3b printed at the tether treasury.

>> No.56742017
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56742017

>>56741983
Yes, I see that, but how does it relate to the fact that USDT is all smoke and mirrors, having shady investments in high-risk assets, while pretending to be a safe USD-pegged finacial tool, lying about how safe your USDT value is, and avoiding proper independent audits for years?

>> No.56742032
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56742032

>>56742017
You can cash out USDT to USD, no?
1 USDT = 1 USD?
>borrow 1 KAS
>lend it out on margin for 10 LINK
>lend that out on margin for 100 DOGE
>lend that out on margin for 1000 USDT
>cash out in BTC to hardware wallet and fuck the collateral
Its awesome.

>> No.56742060

>>56741692
>Take out FTX
>Then take out Binance
What happens then?
What becomes the number one exchange?
Will DEXes rule the world?
Will """they""" ruin DEXes too?
Who will people idolise next?
Where are they now?

>> No.56742070

Remember, this thread WILL BE slided.

>> No.56742073
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56742073

>>56742032
>You can cash out USDT to USD, no?
Yes, because most people are not aware of the scam! That's how scams work, they run on other's ignorance, did you not know that?
It's all fun and games until panic sets in and there's a bank run.

>> No.56742079

>>56742032
That’s not real you can only borrow half of what you put on margin so you’d get at most an extra hundred 80 or 90 bucks from loaning it out 4 times assuming prices stay the same

If prices increase in between each loaning then you could get more but still not 10x unless took out loans before a jump in the market for each underlying asset which would require you timing 4 or more bullish jumps in a row

>> No.56742081

>>56742073
Who is the bank?

>> No.56742085

>>56742060
>Will DEXes rule the world?
Maybe, who knows!
>Will """they""" ruin DEXes too?
Maybe, who knows!
>Who will people idolise next?
Who knows!
>Where are they now?
Who knows!

>> No.56742092
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56742092

>>56742079
>That’s not real
For (you).

>> No.56742096

>>56742081
>bank run
It's an just an expression, jn this case an exhaustion of liquidity: "the bank" is the (supposed) value of USDT. It'd crash to zero, like LUNC.

>> No.56742097

This thread brought to you by a feral pledditor

>> No.56742100

>>56742096
Read again >>56742032
See the last step?
There is no bank left in that case.

>> No.56742104

>>56742092
Tether Limited Inc, printing USDT out of thin air since 2024.

>> No.56742119

>>56742100
See that 1000 USDT in that step? They might crash to 0 while your holding it. It's a risk. Learn the lessons anon, there's been many harsh ones lately. Switch to an audited stablecoin, for example.

>> No.56742123

CZ will never die

>> No.56742124

>>56742119
What if tether had cashed out to BTC?

>> No.56742131

>>56742100
>There is no bank left in that case.
Dude, "bank run" is not literal, it's a financial expression for a sudden dearth of liquidity in an investment vehicle.
There is obviously no bank, but who knows how many banks would actually collapse if USDT was to crash to zero.

>> No.56742134

>>56742131
See >>56741919

>> No.56742144 [DELETED] 
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56742144

NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS
>NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS
NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS
>NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS
NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS
>NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS
NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS
>NIGGERS NIGGERS NIGGERS NIGGERS NIGGERS

>> No.56742200

>>56742124
You nean backing up USDT with BTC? Still too ricky since BTCUSD is extremely volatile. A stablecoin must be STABLE.
you're buying something that is supposed to be PEGGED 1-1 to the USD, and not depend on BTCUSD price.

>> No.56742224

>>56742200
No thats not what i meant.

>> No.56742233

>>56742134
For the last time, there is no bank.

>> No.56742241

>>56741692
He fuded crypto.com literally this time last year, he deserves to be cellmates with sbf for that alone