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“Off by three orders of magnitude” seems like the most appropriate way to describe crypto.
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Nov 8, 2022 22:12
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If they sell all those coins at once then by the time they're done that many bitcoins will probably be worth just $925,000.
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Nov 8, 2022 22:34
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last time the feds seized anything they just sold the whole lot off in one go in an auction. i forgot if the price was what the price of bitcoin was at the time or lower (or higher?)... but yeah its going to be auctioned off
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Nov 8, 2022 22:36
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SpelledBackwards posted:You're off by 3 orders of magnitude. It was 50k bitcoins, not 50. So at spot price today it'd be around 900 million dollars, not 900 thousand. Doh.
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Nov 8, 2022 23:12
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Oh so they used drug bust math on it.
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Nov 8, 2022 23:38
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How does the US treasury go about turning 50 kilobitcoins into real money without getting scammed?
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Nov 9, 2022 00:18
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withak posted:How does the US treasury go about turning 50 kilobitcoins into real money without getting scammed? They auction it off as a bulk lot (or perhaps several distinct bulk lots), and provide the keys to whoever wins the auction and pays them the real money. If the buyer wants to turn around and sell to the market to recover some of what they spent then that's up to them. The government, of course, has resources that would make it unwise to try and win that auction using stolen cards or whatever.
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Nov 9, 2022 00:24
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They could also auction off the literal physical item (and provide the keys with it) if they're really scared about getting scammed. Which they're not, cause they're the feds.
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Nov 9, 2022 00:56
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I know it's been touched on here but I just want to bask a bit in the true spirit of being bad with money https://www.coindesk.com/business/2022/11/09/sam-bankman-fried-no-longer-a-billionaire-after-146b-overnight-wipe-out/
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Nov 9, 2022 15:55
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The junk collector posted:I know it's been touched on here but I just want to bask a bit in the true spirit of being bad with money This is absolutely beautiful. Also, bitcoin is currently down another 16% today so that's awesome too.
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Nov 9, 2022 17:57
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 The Finns I know have a... unique sense of humor, but trolling the tax man by declaring 133.7M euro of crypto income is a bit of an own goal (also, Finnish tax records are public which is why this is in the news)
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Nov 9, 2022 18:21
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Seems like a solid bet on future BWM decisions https://twitter.com/MsHannahMurphy/status/1590413876021321728
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Nov 9, 2022 20:57
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LOL I cannot wait for him to start tweeting advertisements for banking products without any of the standard disclosures and without even nodding to any of the banking regs. While we are at it let’s throw in some insurance products for good measure. I hope the CFPB fines Twitter out of existence.
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Nov 9, 2022 21:08
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Anno posted:Seems like a solid bet on future BWM decisions It's almost like he wants to be your Pal when you make a Payment. Also, finally a true statement: https://twitter.com/elonmusk/status/1590384919829962752 Vice President fucked around with this message at 21:20 on Nov 9, 2022 |
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Nov 9, 2022 21:16
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Glad Elon laid off half his developers and then wants to make a million changes.
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Nov 9, 2022 21:54
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Bird in a Blender posted:Throw that one on the pile of other evidence that just because someone has a lot of money, it doesn’t make them smart. Anyone with even the barest knowledge of Musk knew it was going to be a mess from day one. I know you, you cautious conservative banks! If people are worried about their rent it is your duty to deny them the loan of one nickel, yes, even one copper engraving of the martyred son of the late Nancy Hanks; Yes, if they request fifty dollars to pay for a baby you must look at them like Tarzan looking at an uppity ape in the jungle, And tell them what do they think a bank is, anyhow, they had better go get the money from their wife's aunt or ungle. But suppose people come in and they have a million and they want another million to pile on top of it, Why, you brim with the milk of human kindness and you urge them to accept every drop of it, And you lend them the million so then they have two million and this gives them the idea that they would be better off with four, So they already have two million as security so you have no hesitation in lending them two more, And all the vice-presidents nod their heads in rhythm, And the only question asked is do the borrowers want the money sent or do they want to take it withm.
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Nov 9, 2022 22:06
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Dr. Eldarion posted:This is absolutely beautiful. Below $16000 now 
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Nov 9, 2022 22:28
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Bitcoin is completely melting down because one of the biggest crypto exchanges just had the buyer back out after it was revealed they were $8 billion in the hole. https://twitter.com/FirstSquawk/status/1590368062892814336 https://twitter.com/unusual_whales/status/1590444538279391232 They are now claiming they will be bankrupt without a bailout. https://twitter.com/Schuldensuehner/status/1590465167745495041 https://twitter.com/unusual_whales/status/1590463023919300609 The crypto world is melting down. https://twitter.com/felixsalmon/status/1590448096068206595 Now, people in the crypto market are turning to astrology to predict the future of BTX because they are hugely in denial that this was a scam all along and it must just be a phase of the moon: https://twitter.com/marenaltman/status/1590475799714758656
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Nov 10, 2022 01:14
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Leon Trotsky 2012 posted:Bitcoin is completely melting down because one of the biggest crypto exchanges just had the buyer back out after it was revealed they were $8 billion in the hole. This makes me so happy it is difficult to express.
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Nov 10, 2022 01:16
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The President of El Salvador thinks this is great news for Bitcoin and just dropped a few million of the nation's dollar reserve. https://twitter.com/nayibbukele/status/1464307422793715716
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Nov 10, 2022 01:21
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therobit posted:This makes me so happy it is difficult to express. Binance Walks on Merger: FTX in Pisces! Guest2553 fucked around with this message at 01:45 on Nov 10, 2022 |
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Nov 10, 2022 01:24
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Leon Trotsky 2012 posted:The President of El Salvador thinks this is great news for Bitcoin and just dropped a few million of the nation's dollar reserve. But that tweet is from last year
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Nov 10, 2022 01:24
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https://twitter.com/Carnage4Life/status/1590188202044030978?s=20&t=JllGJkUkrIrbevg39mdCXA Incredible.
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Nov 10, 2022 01:28
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Pham Nuwen posted:But that tweet is from last year Twitter got me. That was in the replies to the article for some reason.
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Nov 10, 2022 01:29
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Thinking about all those FTX badges plastered on MLB umpires Glad so many markets went all in on blockchain coin scam nonsense this past year
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Nov 10, 2022 01:31
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Leon Trotsky 2012 posted:The President of El Salvador thinks this is great news for Bitcoin and just dropped a few million of the nation's dollar reserve. revolution is coming bro lol. I like that this dude was talked up as this young breath of fresh air, but he's just a straight up grifter.
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Nov 10, 2022 01:33
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Haralabob, a sports bettor/poker player said one of his friends was looking to trade out of FTX at 0.93 on the dollar, minimum $1 million, and he was helping his friend out and would pass along interested parties. This was after the Binance/FTX merger but before today obviously. I don't think anyone took him up on it, but he got kinda mad when someone joked on $0.19 up to $5M and said anybody with nonsense comments would be blocked. $0.19 on the dollar sounds pretty good right about now...
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Nov 10, 2022 01:40
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Nov 10, 2022 01:42
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brugroffil posted:Thinking about all those FTX badges plastered on MLB umpires Oh man I didn't even think of this lol, great look MLB!
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Nov 10, 2022 01:55
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Art
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Nov 10, 2022 02:21
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That's no moon It's a rug
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Nov 10, 2022 02:23
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Leon Trotsky 2012 posted:The President of El Salvador thinks this is great news for Bitcoin and just dropped a few million of the nation's dollar reserve. you know what's hilarious? This is them buying literally 7% ish of their total holdings (if it were today) They're loving broke. And that would be realistic. they bought $21m originally. 100* 16k = 1.6mil. notwithoutmyanus fucked around with this message at 02:57 on Nov 10, 2022 |
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Nov 10, 2022 02:37
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why speculate its gone poorly
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Nov 10, 2022 02:44
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Leon Trotsky 2012 posted:The President of El Salvador thinks this is great news for Bitcoin and just dropped a few million of the nation's dollar reserve. Bitcoin price the day this was posted? $54,000 How to turn $5.4 million into 1.6 million.
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Nov 10, 2022 02:54
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I don’t get how people didn’t see this coming. The dudes last name is Bankman-Fried.
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Nov 10, 2022 03:22
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SBF set up his crypto empire with a division explicitly for 
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Nov 10, 2022 06:46
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Guest2553 posted:Binance Walks on Merger: FTX in Pisces! Mods?
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Nov 10, 2022 07:45
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Duckman2008 posted:https://twitter.com/Carnage4Life/status/1590188202044030978?s=20&t=JllGJkUkrIrbevg39mdCXA Do I believe T*m Br*dy set this all into motion so his soon to be ex-wife gets a ton of worthless assets in the divorce? Of course not, I'm just raising the question if he could.
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Nov 10, 2022 09:46
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Vice President posted:Do I believe T*m Br*dy set this all into motion so his soon to be ex-wife gets a ton of worthless assets in the divorce? Of course not, I'm just raising the question if he could. Tom Brady's wife is worth much more than him.
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Nov 10, 2022 14:13
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brugroffil posted:Tom Brady's wife is worth much more than him. First, please no slurs. Second, tether may depeg
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Nov 10, 2022 14:20
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