Huge Democrat Donor Loses All of His Clients' Money, Media Pretends The Story Is About Crypto

Amid all the jubilation and gloating by Joe Biden, Chuck Schumer and pals over the Democrats' better-than-expected showing in the midterms comes a disturbing story that may explain something about how they won such a curious election.
Biden's second-biggest donor, cryptocurrency billionaire wunderkind Sam Bankman-Fried, a k a SBF, saw his business file for bankruptcy days after the election, but not before pumping $40 million into the Democratic Party to spend on "get-out-the-vote" and other shadowy ballot-harvesting mechanics for the midterms.
The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020.
SBF's mother, Stanford law professor Barbara Fried, also is co-founder of left-wing political action committee Mind The Gap, which has raised a reported $140 million to help Democrats win elections through the same "get-out-the-vote" grift.
A more unlikely billionaire you could not find -- and of course his money was built on thin air. A math genius with poor social skills, SBF reportedly lived in a "polycule" -- a polyamorous relationship with multiple people -- in a luxury penthouse with about 10 co-workers in the tax haven of the Bahamas, where his collapsed crypto exchange FTX was headquartered.
...
Now Reuters is reporting that between $1 billion and $2 billion of customer funds have vanished from FTX, conveniently after the Democrats safely spent his money.
At last report, SBF and his mysterious co-founder, Gary Wang, were being held "under supervision" by Bahamian authorities after reportedly planning to flee to Dubai, according to fintech publication Cointelegraph.
Reuters is reporting that between $1 billion and $2 billion of customer funds have vanished from FTX.

Tucker Carlson briefly mentioned this story last week, and pointed out that while Joe Biden is calling for the politicized DOJ/SEC harassment of his political opponent Elon Musk, he refuses to mention the name of the man who once promised to donate a billion dollars to the Democrat Party.

...
SBF certainly "impacted" the midterms, funneling his millions into the Democratic National Committee and Democrat-friendly PACs such as Protect Our Future and Guarding Against Pandemics.
He donated to committees aligned with Nancy Pelosi and Chuck Schumer to help Democrats win races.
He lavished his largesse on "pro-crypto Democrats" like New York Sen. Kirsten Gillibrand, who was sponsoring a bill to lock the Securities and Exchange Commission out of regulating the crypto market.
He also visited the White House, meeting with top Biden adviser Steve Ricchetti on April 22 and May 12, according to the Washington Free Beacon.
No wonder the Biden administration has been weak on regulating the crypto market. It was the goose that laid the golden egg.
Meanwhile, the media massaged his profile.

Given that this involves Democrats and money, of course there's a Ukraine connection.

...
Another "altruistic" venture by SBF was having FTX back a cryptocurrency donation website launched by the Ukrainian government. There wasn't a woke cause he didn't hit.
The sinister neo-socialists at the World Economic Forum (WEF) loved SBF so much, they made FTX a "corporate partner" -- but that page on the WEF website has vanished in the last 48 hours, leaving an error message.

Miranda Divine makes a suggestion that will be ignored:

The very least the Democratic Party should do is refund the $40 million to the people who were ripped off by their crypto benefactor.

But that's not what the Democrats or media want to talk about -- they want to talk about regulating crypto, not their fugitive donor.

After the company declared bankruptcy, their assets were supposed to be frozen so that the bankruptcy court could decide how to apportion what remains of the money to its creditors and investors.

But hundreds of millions of dollars "suspiciously" vanished from the company's accounts after the declaration of bankruptcy.

Just a day after FTX Trading announced it was filing for bankruptcy, the company's CEO said Saturday that "unauthorized access to certain assets has occurred."
"An active fact review and mitigation exercise was initiated immediately in response," John Ray said in a statement, tweeted by the company's general counsel. "We have been in contact with, and are coordinating with law enforcement and relevant regulators."
Reuters reported earlier Saturday that analysts had noticed "hundreds of millions of dollars of assets" were moved from the platform in "suspicious circumstances."

Below, a video which explains the fall of FTX. If I understand what he's saying, the problem wasn't the crypto per se -- it was the leveraged investing, which could only continue so long as everyone was willing to park their money with FTX. If they ever asked for their money all at once, the company wouldn't have anything close to enough to pay them off, and they'd go bankrupt.

Which is what happened.

So of course the Democrats want to regulate crypto, the Scary Black Guns of currency.

Posted by: Ace at 12:11 PM

Comments

(Jump to bottom of comments)

1 sponge

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:11 PM (LvTSG)

2 Not Sponge!

Posted by: RedMindBlueState at November 14, 2022 12:11 PM (tTAGJ)

3 All I can do now is root for injuries as the unquestionably dominant and untouchable national party loses any reason to actively counter Republicans in any meaningful way.

Now, it's just about the different factions of the party in power claiming everything they can from each other.

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:12 PM (LvTSG)

4 TJM -Sponge can get his own first

Posted by: Skip's phone at November 14, 2022 12:12 PM (HbtE5)

5 FIRST!!!!!

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:12 PM (+sD5M)

6 this story is depressing and enraging

Posted by: BlackOrchidDancingByMyself at November 14, 2022 12:12 PM (w0NJk)

7 Two words: Tulips

Posted by: Cicero (@cicero43) at November 14, 2022 12:12 PM (Qzn2/)

8 TJM -Sponge can get his own first
Posted by: Skip's phone at November 14, 2022 12:12 PM (HbtE5)

Every.
Single.
Time.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:12 PM (+sD5M)

9 4 TJM -Sponge can get his own first
Posted by: Skip's phone at November 14, 2022 12:12 PM (HbtE5)

=========

YOU'RE NOT MY SUPERVISOR!

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:12 PM (LvTSG)

10 Lost it? I doubt it. Some, sure. He was running something akin to a Ponzi scheme, but I strongly suspect a whole lot of it wasn't lost. It was more likely stolen.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:13 PM (t0OGg)

11 Reuters is reporting that between $1 billion and $2 billion of customer funds have vanished from FTX.
++++
Poof. It's gone.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:13 PM (t0OGg)

12 FTX and crypto - Tom Brady featured in the commercial for them, right? He is not having a good year.

Posted by: IC at November 14, 2022 12:13 PM (az+oi)

13 Color me . . . not shocked. Never understood the crypto siren song. But then, I'm a Gen Xer who didn't have email until college and I remember balancing my checkbook when the statement came in.

Posted by: Catherine at November 14, 2022 12:13 PM (ZSsrh)

14 I came across a term the other day that i think could make the AceHQ lexicon.

CUBAR.

Cucked Up Beyond All Recognition.

Posted by: Rbastid at November 14, 2022 12:13 PM (UoVWn)

15 Like rubbing a puppy's nose in shit.

Posted by: Mr Aspirin Factory at November 14, 2022 12:13 PM (ubxl9)

16 Who wouldn't want a 30 year-old leftard dope-smoking doofus managing their retirement savings?

And the sex orgies were LIT!

Posted by: Cicero (@cicero43) at November 14, 2022 12:14 PM (Qzn2/)

17 Zuck Bucks just changed from 1 big donor to lots of smaller donors. Read Soros also tossed tens of millions into the Democrats

Posted by: Skip's phone at November 14, 2022 12:14 PM (HbtE5)

18 I don't understand crypto currency and I never did, but I expect the Democrat supporting weasel to get off just like Corzine did who didn't do crypto but had a huge investment scam.

Posted by: FenelonSpoke at November 14, 2022 12:14 PM (kMxsW)

19 13 Color me . . . not shocked. Never understood the crypto siren song. But then, I'm a Gen Xer who didn't have email until college and I remember balancing my checkbook when the statement came in.
Posted by: Catherine at November 14, 2022 12:13 PM (ZSsrh)

=========

It's fiat money not backed by government promises.

All the games that governments play with currency, private actors start doing, but they don't have taxation to help cover things. Hell, they're generally not even banks, so it's like when banks were making their own notes but without even the promise of stable accounts backing them up.

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:15 PM (LvTSG)

20 Rbastid I like that

Posted by: Skip's phone at November 14, 2022 12:15 PM (HbtE5)

21 Miranda is gonna nail SBF like she did Hunter

Posted by: REDACTED at November 14, 2022 12:15 PM (us2H3)

22 I think crypto is one big scam anyway. This doesn't surprise me one bit.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:15 PM (+sD5M)

23 What's the over/under on whether "SBF didn't kill himself"?

Posted by: PabloD at November 14, 2022 12:15 PM (+Yp5P)

24 At last report, SBF and his mysterious co-founder, Gary Wang, were being held "under supervision" by Bahamian authorities after reportedly planning to flee to Dubai, according to fintech publication Cointelegraph.
++++
They're being held until they figure out how much money can be found. Here's my prediction
1. They will make sure any Bahamian citizens that lost money are made whole, or compensated in some way.
2. The officials holding them will extract a bribe.
3. They will be released to go into hiding.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:15 PM (t0OGg)

25 Can't cheat an honest man.

Posted by: squid_hunt at November 14, 2022 12:15 PM (7jOQK)

26 Huge Democrat Donor Loses All of His Clients' Money

At least I know where 10% of it went.

Posted by: Joe Biden at November 14, 2022 12:15 PM (Sv58p)

27 Shambolic? More like scambolic!

Posted by: NC Ref at November 14, 2022 12:16 PM (fdnoO)

28 before the end of the year, Congress will approve another 50 billion to Ukraine

Posted by: REDACTED at November 14, 2022 12:16 PM (us2H3)

29 ... but not before pumping $40 million into the Democratic Party to spend on "get-out-the-vote" and other shadowy ballot-harvesting mechanics for the midterms.

--------

"Piker." -- Zuckerbucks

Posted by: ShainS -- The Humiliation is Part of the Kink at November 14, 2022 12:16 PM (zoxFl)

30 The very least the Democratic Party should do is refund the $40 million to the people who were ripped off by their crypto benefactor.
___

Does this include Tom Brady?

I saw some utoob clip of him with a flamethrower. It was muted, so didn't get the gist of it, but it had something to do with FTX burning his money, it looked like.

Posted by: SMH at what's coming at November 14, 2022 12:16 PM (aKMRW)

31 I don't understand crypto currency and I never did, but I expect the Democrat supporting weasel to get off just like Corzine did who didn't do crypto but had a huge investment scam.
Posted by: FenelonSpoke at November 14, 2022 12:14 PM

No reasonable prosecutor...

- AG Garland

Posted by: RedMindBlueState at November 14, 2022 12:16 PM (tTAGJ)

32 The early Sponge catches the first.

Of course, the late Sponge also catches the first.

Posted by: Bulgaroctonus at November 14, 2022 12:16 PM (cLJOK)

33 Sam is a member of the no consequences gang. Unless Bahamas isn't playing. Maybe they take these things more seriously than our legal system.

Posted by: huerfano at November 14, 2022 12:16 PM (dTFZY)

34
And the sex orgies were LIT!
Posted by: Cicero (@cicero43) at November 14, 2022 12:14 PM (Qzn2/)

Have you seen his girlfriend, in whose company he parked the money he embezzled? She makes Amy Schumer look like Hedy Lamarr

Posted by: CN at November 14, 2022 12:16 PM (Zzbjj)

35 I'm a Gen Xer who didn't have email until college
Posted by: Catherine

Heh. Law school.

Posted by: SFGoth at November 14, 2022 12:16 PM (KAi1n)

36 Woods, James Woods.

James Woods
@RealJamesWoods
·
Follow
The Democrat-Ukraine-FTX money laundering circle jerk is the kind of story that would have won the Pulitzer Prize for the Washington Post back when either of them meant something.

Now it’ll just be a Twitter footnote at best.

Posted by: Anonosaurus Wrecks Now With Pumpkin Spice! at November 14, 2022 12:16 PM (FVME7)

37 Still only part of the story but hopefully more will come out.

Posted by: JackStraw at November 14, 2022 12:17 PM (ZLI7S)

38 I wonder if he was operating a laundromat for Ukraine. Wouldn't surprise me, especially given the WEF angle. I wonder how much US taxpayer money flowed to Ukraine, then into FTX, then back into the Democrat Party and the NGO complex.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:17 PM (t0OGg)

39 I put all my retirement into Beaver Pelt Futures.

Posted by: garrett at November 14, 2022 12:17 PM (AhWc5)

40 I think crypto is one big scam anyway. This doesn't surprise me one bit.
Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:15 PM (+sD5M)

The idea is good. A currency that no government can screw with or inflate, and complete, unbreachable financial privacy if you do it correctly.

The execution so far has been, shall we say, flawed.

Posted by: Cicero (@cicero43) at November 14, 2022 12:17 PM (Qzn2/)

41 Posted by: Catherine at November 14, 2022 12:13 PM (ZSsrh

Get off my lawn. 😉 I didn't have a computer till way after college . We were practically using quill pens back when I was in college

Posted by: FenelonSpoke at November 14, 2022 12:17 PM (kMxsW)

42 Just pigs at a trough. It's never enough money and power.

Posted by: Mr Aspirin Factory at November 14, 2022 12:18 PM (ubxl9)

43 Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:17 PM (t0OGg)

Yes, he was....but out of the sheerest of sheer altruism.

Posted by: CN at November 14, 2022 12:18 PM (Zzbjj)

44 There's some really good reporting about how this was used as the launderer for the money in Ukraine.

As Zelensky apparently invested a ton of the money we gave them, for non- military use, in this fund, who then donated money back to Dems.

Another user also posted screen shots of the Bitcoin and Etherium ledger showing that money that exited FTX, as stolen, was passed around to a number of accounts that had previously been used to hide transfers between FTX and Sam's other hedge fund.

Someone else is also trying to make this out to be another Epstein situation, linking logos and other things from the company to pedophile groups, but it feels like a red herring to make anyone going after this laundering operation look crazy.

Posted by: Rbastid at November 14, 2022 12:18 PM (UoVWn)

45 "the problem wasn't the crypto per se -- it was the leveraged investing, which could only continue so long as everyone was willing to park their money with FTX. If they ever asked for their money all at once, the company wouldn't have anything close to enough to pay them off, and they'd go bankrupt."

Kinda implying the fractional banking system we all know and love might be a "problem" too.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at November 14, 2022 12:18 PM (24fqN)

46 Bankman? What is this, a Marvel comic?

Posted by: spindrift at November 14, 2022 12:19 PM (h5TKJ)

47 Ponzi schemes ALWAYS work great to make lots of money... until they don't.

And they ALWAYS eventually don't!

Posted by: Pillage Idiot at November 14, 2022 12:19 PM (HlyYF)

48 Tom Brady featured in the commercial for them, right? He is not having a good year.

On the one hand, he's losing a Communist who's hitting the wall at high speed because he wouldn't help her campaign against Jair Bolsonaro. That's classic addition by subtraction.

On the other, his agent really needs to do better due diligence on endorsements.

Posted by: Ian S. at November 14, 2022 12:19 PM (ZGrMX)

49 Still only part of the story but hopefully more will come out.
Posted by: JackStraw
___

And?

This story will go down the memory hole, like all the others.

Posted by: SMH at what's coming at November 14, 2022 12:19 PM (aKMRW)

50 > If they ever asked for their money all at once, the company wouldn't have anything close to enough to pay them off, and they'd go bankrupt.

"You're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Dopey Joe's campaign fund...right next to yours. And in the AOC house, and the Warren house, and a hundred others. And in Hunter's nose, and Hunter's arm. And in the g-string of Hunter's baby-mama strippers!"

Posted by: Rodrigo Borgia at November 14, 2022 12:19 PM (bW8dp)

51 In fact I am so old they let me submit handwritten papers in college.

Posted by: FenelonSpoke at November 14, 2022 12:19 PM (vH/6k)

52 PORIFERA!!!!!

Posted by: Pillage Idiot at November 14, 2022 12:20 PM (HlyYF)

53 I wonder...

An investing scheme where you get in on obvious schemes like this as they rise. Stay in for a set period of time, get out, and then never invest in it again...

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:20 PM (LvTSG)

54 Crypto is backed by nothing. It's the ultimate ponzi scheme created by a gamer IMHO.

Posted by: polynikes at November 14, 2022 12:20 PM (pAYE7)

55 CUBAR reminds me of how Rush used to mispronounce “Cuba” as “Cuber” a la JFK.

Posted by: Bulgaroctonus at November 14, 2022 12:20 PM (cLJOK)

56 Isn't she beautiful?/

https://tinyurl.com/f62ukhvw

Posted by: CN at November 14, 2022 12:20 PM (Zzbjj)

57 So, Bahama authorities should cane them mercilessly to remind them that they fucked up and were punished for it.

We don't have that in society anymore.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:20 PM (+sD5M)

58 or is it cain?

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:20 PM (+sD5M)

59 Kinda implying the fractional banking system we all know and love might be a "problem" too.
Posted by: Rolling Donut Unharmed By gp's Flying Leap at November 14, 2022 12:18 PM (24fqN)
++++
Not so long as the assets can be unloaded without losing so much that you wind up bankrupt.

If he was running a heavily-leveraged scheme backed by crypto, the crypto crash would have done it in even if it was on the up-and-up. If he was stealing and operating a laundromat to boot, it will just happen faster.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:20 PM (t0OGg)

60 I didn't make the connection till yesterday, but this is the same company that had their name splashed all over MLB this year. Made it seem like they were the official sponsor of the umpires...

Posted by: Mishdog at November 14, 2022 12:20 PM (uwW33)

61 > She makes Amy Schumer look like Hedy Lamarr

The dude himself looks like Badger from Breaking Bad.

Posted by: Rodrigo Borgia at November 14, 2022 12:20 PM (bW8dp)

62 Fen, we used Blue Books! I bet no one uses those anymore.

Posted by: Catherine at November 14, 2022 12:20 PM (ZSsrh)

63 45 Kinda implying the fractional banking system we all know and love might be a "problem" too.

naw. it'll be fine.

Posted by: stochastic kulak anachronda at November 14, 2022 12:20 PM (oY6Yp)

64 SBF - aka that stupid butt f*cker.

Posted by: Roy at November 14, 2022 12:21 PM (hSmo9)

65 In fact I am so old they let me submit handwritten papers in college.
Posted by: FenelonSpoke

Stone tables for me! Term tablets were a pain to deliver.

Posted by: Tonypete at November 14, 2022 12:21 PM (LsEU/)

66 It's Monday and my back hurts.......

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:21 PM (+sD5M)

67 Great little video.

"He'll be happy to know that this is exactly how every bank in the world operates."

...so we've got that going for us.

Posted by: t-bird at November 14, 2022 12:21 PM (Sv58p)

68 Can't cheat an honest man.
Posted by: squid_hunt

I don't see that as a significant obstacle to developing a market for the product.

Posted by: Anonosaurus Wrecks Now With Pumpkin Spice! at November 14, 2022 12:21 PM (FVME7)

69 FTX and Alameda are the entire country, when Gen Z starts running things.

Posted by: Ted Torgerson at November 14, 2022 12:21 PM (mH21R)

70 Posted by: Rodrigo Borgia at November 14, 2022 12:19 PM (bW8dp)

Even so I want my money now !

Posted by: polynikes at November 14, 2022 12:21 PM (pAYE7)

71 I wonder if he was operating a laundromat for Ukraine. Wouldn't surprise me, especially given the WEF angle. I wonder how much US taxpayer money flowed to Ukraine, then into FTX, then back into the Democrat Party and the NGO complex.

Two of the 3 steps in an FTX/Ukraine money laundromat are hard confirmed by MSM stories. We know Biden's sending tax money to Ukraine, and we know FTX is giving huge money to Democrats. The middle step of Ukraine sending our tax money to FTX has some good evidence, but there's not solid proof yet. I think it *has* to be true, because there's no other reason our politicians would care.

Posted by: Ian S. at November 14, 2022 12:22 PM (ZGrMX)

72 How much did Brady invest? Will he lose it all and shack up with Bruce Arians?

Posted by: Mr Aspirin Factory at November 14, 2022 12:22 PM (ubxl9)

73 Who wouldn't want a 30 year-old leftard dope-smoking doofus managing their retirement savings?

And the sex orgies were LIT!
Posted by: Cicero (@cicero43) at November 14, 2022 12:14 PM (Qzn2/)

Some girl who is twenty six and looks and sounds like a tween is a CEO of one of the companies involved. It was all some sort of money laundering op.

Posted by: WiNO - Again Fortified with Fraud at November 14, 2022 12:22 PM (EpDzw)

74 It's Monday and my back hurts.......
Posted by: Sponge
___

Sponge!

So does mine!

But it hurts every day, so...

Posted by: SMH at what's coming at November 14, 2022 12:22 PM (aKMRW)

75 I didn't make the connection till yesterday, but this is the same company that had their name splashed all over MLB this year. Made it seem like they were the official sponsor of the umpires...
Posted by: Mishdog at November 14, 2022 12:20 PM (uwW33)

I think I saw a headline this AM that said the Miami Heat were cancelling their naming contract for the stadium.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:22 PM (+sD5M)

76 this is why you only buy bitcoin and always self custody

never leave it on an exchange, withdraw it asap

Posted by: Bitcoin Fixes Everything at November 14, 2022 12:22 PM (V6W16)

77 So does mine!

But it hurts every day, so...
Posted by: SMH at what's coming at November 14, 2022 12:22 PM (aKMRW)

Mine does as well, but today it's particularly angry about something.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:22 PM (+sD5M)

78 Taxpayer $ > FTX>Ukraine>Hunter>Big Guy

Posted by: torabora at November 14, 2022 12:23 PM (z0aPa)

79 7 Two words: Tulips

Posted by: Cicero (@cicero43) at November 14, 2022 12:12 PM

We have read your newsletter and have great interest in hiring you to be our new Inflation Czar.

What are your salary requirements, and how many private plane flights will you require a year?

-- Biden Administration flunky trying to push inflation over 10%

Posted by: Pillage Idiot at November 14, 2022 12:23 PM (HlyYF)

80 And?

This story will go down the memory hole, like all the others.
Posted by: SMH at what's coming at November 14, 2022 12:19 PM (aKMRW)

Your lack of faith in the persistence and integrity of our Media bulldogs in getting to the bottom of this important national story is, disturbing.

Posted by: Cicero (@cicero43) at November 14, 2022 12:23 PM (Qzn2/)

81 Another Democrat Bust Out. Shocking!

Posted by: Dworkin Barimen at November 14, 2022 12:23 PM (4cFup)

82 Crypto is backed by nothing. It's the ultimate ponzi scheme created by a gamer IMHO.

The US dollar is also backed by nothing, since Nixon untied it in 1971. The entire "What happened in 1971?" conspiracy-ish theory is based on that.

Posted by: Ian S. at November 14, 2022 12:23 PM (ZGrMX)

83 >>Someone else is also trying to make this out to be another Epstein situation, linking logos and other things from the company to pedophile groups, but it feels like a red herring to make anyone going after this laundering operation look crazy.

For any particular thing ask What is it in itself. What is its nature?

Both of them were money laundering operations. Their methods differed but they were ancillary to the main purpose.

Posted by: JackStraw at November 14, 2022 12:23 PM (ZLI7S)

84 But...Muh Blockchain, guys!

Posted by: garrett at November 14, 2022 12:23 PM (AhWc5)

85
Willowed from the Tech Thread:

The Democrats stand for the little guy. The struggling cryptobanker, the DC lobbyist wondering how to pay the rent, the elderly endowed-chair Grievance Studies professor, the child of an influential senator looking for an entry-level board position, the family that has to prioritize the European vacation versus the ski trip to Aspen, the Tech baron who can't afford to fill up his private jet...

Posted by: Hadrian the Seventh at November 14, 2022 12:23 PM (MoZTd)

86 He lavished his largesse on "pro-crypto Democrats"

********

There is a code for that:

ICD-10-CM Diagnosis Code B45.7
Disseminated cryptococcosis

Posted by: Muldoon at November 14, 2022 12:23 PM (ykeLU)

87 Crypto is backed by nothing. It's the ultimate ponzi scheme created by a gamer IMHO.

It is backed by our full promise to keep the electricity on so you can access your funds.

Posted by: California at November 14, 2022 12:23 PM (Sv58p)

88 I put all my retirement into Beaver Pelt Futures.

Posted by: garrett at November 14, 2022 12:17 PM (AhWc5)

Coon skin hats...making a comeback.

Posted by: BignJames at November 14, 2022 12:23 PM (AwYPR)

89 I think crypto is one big scam anyway. This doesn't surprise me one bit.
Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:15 PM (+sD5M)

and that's exactly why it's the best way to launder money. You pass the legitimate crypto off to friends, funded by incoming investments, and then when all the money disappears you just claim "well we fell into the scam that was crypto"

If Ukraine deposited $15 billion you needed to pass off to other Democrats, you couldn't just have thr fund go from $0 to $15 bill to $0, so you offset it with a little investor money, while claiming the other lost billions were because of thieves you can never track, and falling value.

Posted by: Rbastid at November 14, 2022 12:23 PM (UoVWn)

90 I wouldn't trust that guy to babysit my dog, and I don't even have a dog. But have you seen his GF? She doesn't look like she could make a cup of coffee.

Btw, it wasn't only Dems and Ukraine losing on this deal -- Tom Brady and Gisele also had substantial cash in FTX.

I feel safe in saying that Brady, at least, isn't a Dem. He took a lot of heat for appearing with Trump.

Play Ponzi games, make tail-end Ponzi "profits".

Posted by: GnuBreed at November 14, 2022 12:23 PM (JOtiF)

91 Some girl who is twenty six and looks and sounds like a tween is a CEO of one of the companies involved. It was all some sort of money laundering op.
Posted by: WiNO - Again Fortified with Fraud at November 14, 2022 12:22 PM (EpDzw)

https://tinyurl.com/f62ukhvw

Posted by: CN at November 14, 2022 12:23 PM (Zzbjj)

92 Heh. Anytime there's financial stuff that looks bad, the Dems get a pass. One of the pioneers of grift, Billy Sol Estes, has a small picture when you google. Noted as an American Businessman. Takes me back to growing up around Youngstown, OH where Fat Vito and Louie the Icepick were legit businessmen.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at November 14, 2022 12:23 PM (lz5hY)

93 Isn't she beautiful?/

https://tinyurl.com/f62ukhvw
Posted by: CN

Well, she's got a good figure. $222.4 million.

Posted by: Anonosaurus Wrecks Now With Pumpkin Spice! at November 14, 2022 12:24 PM (FVME7)

94 Your lack of faith in the persistence and integrity of our Media bulldogs in getting to the bottom of this important national story is, disturbing.
Posted by: Cicero
___

I get that a lot.

I hope you feel better, Sponge.

Posted by: SMH at what's coming at November 14, 2022 12:24 PM (aKMRW)

95 I'm a Gen Xer who didn't have email until college
Posted by: Catherine

Heh. Law school.
Posted by: SFGoth

In 1977, I was doing work/study for a coupla profs who wanted to research some theory they were writing a paper on. They sent me down to a demonstration at UMKC, where one could query a big computer database...
forerunner of the intertubes.

Posted by: MkY at November 14, 2022 12:24 PM (hsTgz)

96 Crypto is backed by nothing. It's the ultimate ponzi scheme created by a gamer IMHO.
Posted by: polynikes at November 14, 2022 12:20 PM (pAYE7)

Much like the dollar.

Or can you still trade 32 of them for an ounce of gold?

Posted by: Cicero (@cicero43) at November 14, 2022 12:24 PM (Qzn2/)

97 The question is what do we do with a very weak, cucked-out Speaker McCarthy?

He'll bend to what Biden wants on spending and give us nothing but failure theater.

We can't allow that. Thoughts?

Posted by: The conversation Starts Now at November 14, 2022 12:24 PM (f/yWi)

98 82 Crypto is backed by nothing. It's the ultimate ponzi scheme created by a gamer IMHO.

The US dollar is also backed by nothing, since Nixon untied it in 1971. The entire "What happened in 1971?" conspiracy-ish theory is based on that.
Posted by: Ian S. at November 14, 2022 12:23 PM (ZGrMX)

=========

The US dollar is backed by the government's ability to tax and borrow to cover its value. Not quite nothing, but it's certainly not a set amount of something considered valuable to the entire planet, like precious metals.

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:24 PM (LvTSG)

99 FTX and Alameda are the entire country, when Gen Z starts running things.
Posted by: Ted Torgerson at November 14, 2022 12:21 PM (mH21R)
++++
Nothing new there, and it isn't Gen Z's fault. Their brand of it might be flashier and higher-tech (maybe), but they didn't invent it. Nobody in Gen Z is running the vast criminal operations that dominate our government and finance sectors, along with much of the general corporate environment.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:24 PM (t0OGg)

100 a story you will never see on pro Ukraine Hot Air

Posted by: REDACTED at November 14, 2022 12:24 PM (us2H3)

101 Fortune Favors the Brave!

Posted by: Matt Damon! at November 14, 2022 12:24 PM (63Dwl)

102 > https://tinyurl.com/f62ukhvw

You know, if I had a billion dollars, I'm pretty sure I could do better than that.

Posted by: Rodrigo Borgia at November 14, 2022 12:24 PM (bW8dp)

103 · 38m
FTX Founder Sam Bankman-Fried Lists Bahamas Penthouse For $40 Million

Posted by: andycanuck (yikp0) cancel your NY Post at November 14, 2022 12:25 PM (yikp0)

104 Well, she's got a good figure. $222.4 million.
Posted by: Anonosaurus Wrecks Now With Pumpkin Spice! at November 14, 2022 12:24 PM (FVME7)

LOL. It's ok to say you'd but a bag over her face.

Posted by: CN at November 14, 2022 12:25 PM (Zzbjj)

105 Gosh.
Dems. Ukraine. Buckets of digital currency. Fraud.
Who'd athunk it?!

Posted by: Flyover's Kohlrabi at November 14, 2022 12:25 PM (Rbu5d)

106 If this guy is extradited and imprisoned here, his ass is going to be a lot like cryptocurrencies: insecure.

Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at November 14, 2022 12:25 PM (ppBhU)

107 Crypto is backed by nothing.

-
Like a Biden promise.

Posted by: Anonosaurus Wrecks Now With Pumpkin Spice! at November 14, 2022 12:25 PM (FVME7)

108 - the least Dems could do is return the $40 Million

Ha ha hahahahahahahahahahah

Dems take they don't give.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 12:25 PM (gmxXe)

109
I feel safe in saying that Brady, at least, isn't a Dem. He took a lot of heat for appearing with Trump.

Play Ponzi games, make tail-end Ponzi "profits".
Posted by: GnuBreed at November 14, 2022 12:23 PM (JOtiF)

He once wore a MAGA hat in the locker room. I'm surprised he was still allowed to earn a living and wasn't murdered for his actions.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:25 PM (+sD5M)

110 98 82 Crypto is backed by nothing. It's the ultimate ponzi scheme created by a gamer IMHO.

The US dollar is also backed by nothing, since Nixon untied it in 1971. The entire "What happened in 1971?" conspiracy-ish theory is based on that.
Posted by: Ian S. at November 14, 2022 12:23 PM (ZGrMX)

=========

The US dollar is backed by the government's ability to tax and borrow to cover its value. Not quite nothing, but it's certainly not a set amount of something considered valuable to the entire planet, like precious metals.
Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:24 PM (LvTSG)

Strength of the US economy and its armed forces basically. That's why crypto blows up so much faster, that's actually nothing.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:25 PM (eYoxG)

111 The US dollar is backed by the government's ability to tax and borrow to cover its value. Not quite nothing, but it's certainly not a set amount of something considered valuable to the entire planet, like precious metals.

They can't tax enough to cover its value, and when (not if) China's economy collapses they won't be able to borrow either.

Posted by: Ian S. at November 14, 2022 12:26 PM (ZGrMX)

112 > 88 I put all my retirement into Beaver Pelt Futures.

Posted by: garrett at November 14, 2022 12:17 PM (AhWc5)

Coon skin hats...making a comeback.
Posted by: BignJames at November 14, 2022 12:23 PM (AwYPR)

I hear the smart money is in tulips and Beanie Babies these days.

Posted by: Rodrigo Borgia at November 14, 2022 12:26 PM (bW8dp)

113 I find it amazing that the minger couldn't afford braces

Posted by: CN at November 14, 2022 12:26 PM (Zzbjj)

114 A long dead friend of mine, who was quite wealthy when he took his dirt nap, once told me poverty strikes at all levels.

Welcome To The Club SBF!

Posted by: Hairyback Guy at November 14, 2022 12:26 PM (NJQ2Z)

115 "If they ever asked for their money all at once, the company wouldn't have anything close to enough to pay them off, and they'd go bankrupt." Kinda implying the fractional banking system we all know and love might be a "problem" too."

yeah, he actually said, "this is how all banks work". But banks have 10% reserve, Fannie/Freddie were like 25:1, and LTCM was 300:1. They all get bailed out.

of course "It's a Wonderful Life" explained they can't all take their money out at once. Some people are pulling their money out, but not a bank run yet. idk if collapse is imminent, but a lot of smart people seem to think so.

Posted by: illiniwek at November 14, 2022 12:26 PM (Cus5s)

116 "Who wouldn't want a [dubious fiduciary] managing their retirement savings?"

I recommend "The Wizard of Lies" (2017). Shows how investors, instead of doing due diligence, simply rely upon recommendations from people in their social and business networks. Everybody likes to think they're 'getting in on a good thing,' especially if they think they're getting it exclusively.

I also recommend "The Big Short" (2015) which shows much the same thing, writ much larger.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at November 14, 2022 12:26 PM (24fqN)

117 OT: Answer to TonyPete

287 #262 What medical condition stops you from eating sushi, Jim, if it's not too personal a question?

Posted by: andycanuck (yikp0) cancel your NY Post at November 14, 2022 11:50 AM (yikp0)

Transplant. I can only eat meat that is well done. Eggs as well (so no more over-easy or eggs benedict). It's all about the bacteria. What I CAN eat post-transplant is far greater that what I could pre-transplant.

Posted by: jim (in Kalifornia) at November 14, 2022 12:26 PM (ynpvh)

118 110 Strength of the US economy and its armed forces basically. That's why crypto blows up so much faster, that's actually nothing.
Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:25 PM (eYoxG)

=========

Fiat is pretty good when its managed well.

It is very rarely managed well, though.

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:26 PM (LvTSG)

119 The US dollar is also backed by nothing, since Nixon untied it in 1971.

If I understand Kissinger's "Petro-Dollar" correctly, the dollar is backed by the promise of the US to go to war against anyone who doesn't buy or sell oil in dollars. Therefore, everybody has to trade assets to trade dollars.

Posted by: t-bird at November 14, 2022 12:26 PM (yZlY6)

120
I hope you feel better, Sponge.
Posted by: SMH at what's coming at November 14, 2022 12:24 PM (aKMRW)

Ditto.

Think I'll finish up here and head back to the house........

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:27 PM (+sD5M)

121 Strength of the US economy and its armed forces basically.

Which in 2022 are actually nothing. Possibly negative.

Posted by: Ian S. at November 14, 2022 12:27 PM (ZGrMX)

122 Posted by: Tonypete at November 14, 2022 12:21 PM (LsEU/)

LOL

Posted by: FenelonSpoke at November 14, 2022 12:27 PM (UYT64)

123 The top of pyramid isn't in DC or Ukraine or the Bahamas. It's in Davos.

Posted by: JackStraw at November 14, 2022 12:27 PM (ZLI7S)

124 Um...Andycanuck

Posted by: jim (in Kalifornia) at November 14, 2022 12:27 PM (ynpvh)

125 Outtahere. Good day.

Posted by: jim (in Kalifornia) at November 14, 2022 12:27 PM (ynpvh)

126 Fen, we used Blue Books! I bet no one uses those anymore.
Posted by: Catherine
***
Law schools use them. Optional but if computer crashes you have to or flunk.

So handwriting skills necessary.
I can't type worth shit so have to use them.

VEEP Harris Brandon both HAD to use them back in their day.

Posted by: torabora at November 14, 2022 12:27 PM (z0aPa)

127 Something that people believe will have value to other people later on has real value.

Like the dollar.

Posted by: Cicero (@cicero43) at November 14, 2022 12:27 PM (Qzn2/)

128
Coon skin hats...making a comeback.
Posted by: BignJames at November 14, 2022 12:23 PM (AwYPR)

Racist.

- - The NAACP

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:27 PM (+sD5M)

129 >>Isn't she beautiful?

She looks like she shampoos with Eggland's Best.

And uses Hellman's as a Leave-in Conditioner.

Posted by: garrett at November 14, 2022 12:28 PM (AhWc5)

130 So the guy could have invested in G-Bonds and enjoyed a very nice lifestyle without much risk. Just like any banker. But he didn't. Too Smart By Half.

Posted by: Puddinhead at November 14, 2022 12:28 PM (J7wri)

131 I wonder how much US taxpayer money flowed to Ukraine, then into FTX, then back into the Democrat Party and the NGO complex.
Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:17 PM (t0OGg)

Lots and lots.

Posted by: Flyover's Kohlrabi at November 14, 2022 12:29 PM (Rbu5d)

132 If I understand Kissinger's "Petro-Dollar" correctly, the dollar is backed by the promise of the US to go to war against anyone who doesn't buy or sell oil in dollars. Therefore, everybody has to trade assets to trade dollars.

And the Biden junta's actions over Ukraine have done major damage to the "Petro-Dollar". India and China are buying oil in rubles now.

Posted by: Ian S. at November 14, 2022 12:29 PM (ZGrMX)

133 The US dollar is also backed by nothing, since Nixon untied it in 1971. The entire "What happened in 1971?" conspiracy-ish theory is based on that.
Posted by: Ian S. at November 14, 2022 12:23 PM (ZGrMX

You know that's not true. Fiat not backed by physical assets but by the country and its GDP issuing it.

Posted by: polynikes at November 14, 2022 12:29 PM (pAYE7)

134 https://tinyurl.com/34jp2znc

Sam and Caro also get a lot of tats and stress eat

Posted by: CN at November 14, 2022 12:29 PM (Zzbjj)

135 The US dollar is backed by the government's ability to tax and borrow to cover its value.

How does the government's ability to tax give value to the dollar?

Show your work.

Posted by: Cicero (@cicero43) at November 14, 2022 12:29 PM (Qzn2/)

136
LOL. It's ok to say you'd but a bag over her face.
Posted by: CN at November 14, 2022 12:25 PM (Zzbjj)

When you're worth billions but can only manage a butterface.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:29 PM (+sD5M)

137 That crypto crook SBF has a BEAUTIFUL house in Bahamas for only $40 million.

I wonder if he's taking crypto?

Posted by: torabora at November 14, 2022 12:29 PM (z0aPa)

138 I think I saw a headline this AM that said the Miami Heat were cancelling their naming contract for the stadium.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:22 PM (+sD5M)

Gee, not trusting a bakrupt company to live up to their promises? Oh my.

I read Bang Bros has renewed their $10 million offer for naming rights to the stadium. *editor's note -- That's a porn company*

Posted by: GnuBreed at November 14, 2022 12:29 PM (JOtiF)

139 I always stayed far far far away from crypto. It's a total scam backed by nothing but greed and dreams. Yes, if you got very lucky and bought and sold at the right time, you could make a lot of money. But that is true of any investment.

Posted by: Elric Blade at November 14, 2022 12:29 PM (iFTx/)

140 All money is ~~fungible~~ ephemeral

Posted by: Muldoon at November 14, 2022 12:29 PM (ykeLU)

141 SBF listed his mansion in the Bahamas for 40mil in case anyone's in the market for a mansion in the bahamas.

Posted by: banana Dream at November 14, 2022 12:29 PM (JRrin)

142 This kind of reminds me of the German Banks that kept investing in mortgage backed securities. Its like they don't do their homework.

Posted by: Puddinhead at November 14, 2022 12:29 PM (J7wri)

143 38m FTX Founder Sam Bankman-Fried Lists Bahamas Penthouse For $40 Million

One of his customers should buy it with his crypto. I believe this would be an "offer he can't refuse" scenario.

Posted by: t-bird at November 14, 2022 12:30 PM (ptElO)

144 >You know, if I had a billion dollars, I'm pretty sure I could do better than that.

Posted by: Rodrigo Borgia

she is definitely unfortunate-looking
boy howdy look at those upper incisors

Posted by: DB at November 14, 2022 12:30 PM (geLO8)

145 I think Ace is missing something. As I understand it, this wasn't *supposed* to be leveraged investing of investor funds. The funds of users weren't supposed to be invested! FTX promised to make its money on transaction fees for cryptocurrency transactions. Broker fees, essentially. Not investment banking.

The money that was loaned to FTX's affilate, Alameda, was simply embezzled.

Posted by: Hippogryph at November 14, 2022 12:30 PM (kdklL)

146 The top of pyramid isn't in DC or Ukraine or the Bahamas. It's in Davos.

Posted by: JackStraw at November 14, 2022 12:27 PM (ZLI7S)

-----------

I'm not saying that the top of the pyramid consists of trans-human reptilian aliens, but ...

Posted by: ShainS -- The Humiliation is Part of the Kink at November 14, 2022 12:30 PM (2/SoJ)

147 Takes me back to growing up around Youngstown, OH where Fat Vito and Louie the Icepick were legit businessmen.
Posted by: bill in arkansas

Fat Vito and Louie were more honorable and trustworthy than those other jamokes.

Posted by: Tonypete at November 14, 2022 12:30 PM (LsEU/)

148 119 "The US dollar is also backed by nothing, since Nixon untied it in 1971."

If I understand Kissinger's "Petro-Dollar" correctly, the dollar is backed by the promise of the US to go to war against anyone who doesn't buy or sell oil in dollars. Therefore, everybody has to trade assets to trade dollars.
Posted by: t-bird at November 14, 2022 12:26 PM (yZlY6)

That bolsters its international strength. Most fiat currencies aren't supported in this fashion and still roll along much better than crypto. Reason being is they take some of the productivity of their citizens, and so could be said to have an income.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:30 PM (eYoxG)

149 If I understand Kissinger's "Petro-Dollar" correctly, the dollar is backed by the promise of the US to go to war against anyone who doesn't buy or sell oil in dollars. Therefore, everybody has to trade assets to trade dollars.
----
And the Biden junta's actions over Ukraine have done major damage to the "Petro-Dollar". India and China are buying oil in rubles now.
Posted by: Ian S. at November 14, 2022 12:29 PM (ZGrMX)
++++
We are at the beginning of the end of the dollar-denominated international settlement regime. I suspect that when future historians look back on it, they may well determine that kicking Russia out of SWIFT was perhaps the greatest unforced error since the end of WWII.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:30 PM (t0OGg)

150 So what you're saying is I shouldn't have used FTX to park my life savings or maxed out my credit cards on cryptocurrency with them?

Posted by: lowandslow at November 14, 2022 12:30 PM (qH6FZ)

151
I didn't make the connection till yesterday, but this is the same company that had their name splashed all over MLB this year. Made it seem like they were the official sponsor of the umpires...
Posted by: Mishdog

He spent around $140M for naming rights on at least one stadium earlier this year, just a couple of weeks after getting a big loan/investment in the $500M range. If I'd have put up that cash, I'd have been absolutely livid and I'd seriously consider hiring a mechanic...

Posted by: IllTemperedCur at November 14, 2022 12:30 PM (n+4am)

152 She looks like she shampoos with Eggland's Best.

And uses Hellman's as a Leave-in Conditioner.
Posted by: garrett
___

Thank you garrett, for that LOL.

I startled the kittehs, and now they're glaring at me.

Posted by: SMH at what's coming at November 14, 2022 12:31 PM (aKMRW)

153
I read Bang Bros has renewed their $10 million offer for naming rights to the stadium. *editor's note -- That's a porn company*
Posted by: GnuBreed at November 14, 2022 12:29 PM (JOtiF)

I SOOOOOO support this.

BANGBUS ARENA!!!!

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:31 PM (+sD5M)

154 >>I'm not saying that the top of the pyramid consists of trans-human reptilian aliens, but ...

...and now I need to go and watch the Alex Jones Folk Song video.

Posted by: garrett at November 14, 2022 12:31 PM (AhWc5)

155 Just another massive scandal thrown on the heap that 95% of the American public will know nothing about.

Posted by: Lady in Black at November 14, 2022 12:31 PM (sVtYq)

156 Typical Bahamas housing puffery trick...put heated tub with ocean view surrounded with blue/white tile.

Epstein used same trick.
The stuff isn't WORTH millions but the house horney thinks it is.

Posted by: torabora at November 14, 2022 12:32 PM (z0aPa)

157 41...We were practically using quill pens back when I was in college
Posted by: FenelonSpoke at November 14, 2022 12:17 PM (kMxsW)

Slide rules. Carbon paper. Typewriters. Pen-and-ink music exercises. Real paper lab books. Big Bell phones attached to the wall...
Ah, those were the days...

Posted by: Flyover's Kohlrabi at November 14, 2022 12:32 PM (Rbu5d)

158 145 I think Ace is missing something. As I understand it, this wasn't *supposed* to be leveraged investing of investor funds. The funds of users weren't supposed to be invested! FTX promised to make its money on transaction fees for cryptocurrency transactions. Broker fees, essentially. Not investment banking.

The money that was loaned to FTX's affilate, Alameda, was simply embezzled.
Posted by: Hippogryph at November 14, 2022 12:30 PM (kdklL)

Commercial banking is use of customer funds to invest, investment banking is getting paid to do marketing work.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:32 PM (eYoxG)

159 You know that's not true. Fiat not backed by physical assets but by the country and its GDP issuing it.

You'll excuse me if I think a dollar backed by the full faith and credit of the Biden/Kalorama/Garland junta doesn't seem like a good long-term investment.

Posted by: Ian S. at November 14, 2022 12:32 PM (ZGrMX)

160 Get off my lawn. I didn't have a computer till way after college . We were practically using quill pens back when I was in college

You had a written language?

Luxury!

Posted by: Reuben Hick at November 14, 2022 12:32 PM (3hSHB)

161 I would remind you that it wasn't the Germans that sent Lenin into Russia it was the Swiss Bankers that did that. The Germans just acceded to the Swiss Bankers request.

Posted by: Puddinhead at November 14, 2022 12:32 PM (J7wri)

162 Ponzi has jumped the shark.

Posted by: Bulgaroctonus at November 14, 2022 12:32 PM (cLJOK)

163 I think Ace is missing something. As I understand it, this wasn't *supposed* to be leveraged investing of investor funds. The funds of users weren't supposed to be invested! FTX promised to make its money on transaction fees for cryptocurrency transactions. Broker fees, essentially. Not investment banking. ...
Posted by: Hippogryph at November 14, 2022 12:30 PM (kdklL)
++++
Comingling of customer funds, speculative activities with what was supposed to stored money, a Democrat kickback machine, money laundering, international intrigue.

Hmmm. For some reason, MF Global keeps jumping to mind.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:32 PM (t0OGg)

164 The money that was loaned to FTX's affilate, Alameda, was simply embezzled.
Posted by: Hippogryph at November 14, 2022 12:30 PM (kdklL)

This. There was nothing inherently wrong with FTX's crypto. It was just used to collateralize a lot of highly risky investments without the owners' permission or knowledge.

When the investments collapsed, the collateral was lost.

Posted by: Cicero (@cicero43) at November 14, 2022 12:33 PM (Qzn2/)

165 You guys know this was all one big money-laundering scheme, right?

Posted by: Elric Blade at November 14, 2022 12:33 PM (iFTx/)

166 All money is fungible ephemeral
Posted by: Muldoon

Yep. Based on the promise of a group to honor it when presented.

Once the trustworthiness of the backers is gone. . . .

Posted by: Tonypete at November 14, 2022 12:33 PM (LsEU/)

167 You know, if I had a billion dollars, I'm pretty sure I could do better than that.
Posted by: Rodrigo Borgia at November 14, 2022 12:24 PM (bW8dp)

I'll tell you what I'd do, man.

Posted by: Lawrence at November 14, 2022 12:33 PM (h5TKJ)

168 Tucker Carlson briefly mentioned this story last week, and pointed out that while Joe Biden is calling for the politicized DOJ/SEC harassment of his political opponent Elon Musk, he refuses to mention the name of the man who once promised to donate a billion dollars to the Democrat Party.

TuCa pwns the libs once again. ooh.

Less calling-out of this stuff. More emulating it.

Posted by: Hands at November 14, 2022 12:33 PM (786Ro)

169 How does the government's ability to tax give value to the dollar?

Show your work.
Posted by: Cicero

A municipal bond is backed by the faith and credit of the municipality. A revenue bond is backed only by the revenue stream generated by the (whatever).
A govt. bond is backed by the full faith and credit of the US of A. NO physical assets. That means it's ability to tax and generate income... nothing else. Certainly no hard assets.
The fiat money is the same.

Posted by: MkY at November 14, 2022 12:33 PM (hsTgz)

170 The top of pyramid isn't in DC or Ukraine or the Bahamas. It's in Davos.

Posted by: JackStraw at November 14, 2022 12:27 PM (ZLI7S)

Schwab had a lot of nice things to say about SBF, until he deleted those pages

Posted by: CN at November 14, 2022 12:33 PM (Zzbjj)

171 167 You know, if I had a billion dollars, I'm pretty sure I could do better than that.
Posted by: Rodrigo Borgia at November 14, 2022 12:24 PM (bW8dp)

I'll tell you what I'd do, man.
Posted by: Lawrence at November 14, 2022 12:33 PM (h5TKJ)

=========

That's a lot of chicks at one time, man.

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:33 PM (LvTSG)

172 I shan't believe that the Democrats are capable of even a scintilla of egregious behaviour. I simply shan't.

Posted by: Worthington Gregorius Worthington IV at November 14, 2022 12:33 PM (a3Q+t)

173 This kind of reminds me of the German Banks that kept investing in mortgage backed securities. Its like they don't do their homework.

Posted by: Puddinhead at November 14, 2022 12:29 PM (J7wri)

----------

Who needs to do homework when you're "Too Big to Fail" and there's no downside risk knowing you'll get bailed out?

Posted by: ShainS -- The Humiliation is Part of the Kink at November 14, 2022 12:33 PM (2/SoJ)

174 142 This kind of reminds me of the German Banks that kept investing in mortgage backed securities. Its like they don't do their homework.
Posted by: Puddinhead at November 14, 2022 12:29 PM (J7wri)

You'd be surprised how much of finance is just assuming other people know what they're doing. (or maybe not)

There's even an academic version of this attitude, the Efficient Market Hypothesis.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:33 PM (eYoxG)

175 I read Bang Bros has renewed their $10 million offer for naming rights to the stadium. *editor's note -- That's a porn company*
Posted by: GnuBreed at November 14, 2022 12:29 PM (JOtiF)

Captain Stabbin > Bang Bros

Posted by: Hairyback Guy at November 14, 2022 12:33 PM (NJQ2Z)

176 SBF didn't kill himself.
(too soon?)

Posted by: torabora at November 14, 2022 12:34 PM (z0aPa)

177 "Strength of the US economy and its armed forces basically."

and they can print without taxing ... which they have done massively. afaik, there is no interest paid when the QE trillions. (it is on the feds books, almost all goes back to government).

BUT the tax is "collected" by way of inflation. The money in the mattress only buys half as much, because so much free money was "printed". but that at least taxes everyone with cash, like the drug dealers and other black/gray market rich people. Plus, interest on debt does not grow to infinity.

Posted by: illiniwek at November 14, 2022 12:34 PM (Cus5s)

178 I SOOOOOO support this.

BANGBUS ARENA!!!!

That would be hilarious.

Posted by: Ian S. at November 14, 2022 12:34 PM (ZGrMX)

179 I do recall maybe last week the US Government siezed a $1B in crypto currency money. They didn't specify whose money it was, though.

Posted by: Puddinhead at November 14, 2022 12:34 PM (J7wri)

180 TL

R, but shouldn't that headline read "Steals" instead of "Loses"?

Posted by: Zombie Robbo the Llama Butcher at November 14, 2022 12:34 PM (906pl)

181 I've been advocating for a General Strike since 20.
Now more than ever.

Shut everything down until there is reform or a negotiated separation.

Posted by: The conversation Starts Now at November 14, 2022 12:34 PM (egXe2)

182 Isn't she beautiful?/

https://tinyurl.com/f62ukhvw
Posted by: CN

Well, she's got a good figure. $222.4 million.
Posted by: Anonosaurus Wrecks Now With Pumpkin Spice! at November 14, 2022 12:24 PM (FVME7)
.........

How long do I have to stay married to her to take half of her shit?

Posted by: wth at November 14, 2022 12:34 PM (v0R5T)

183 49 Still only part of the story but hopefully more will come out.
Posted by: JackStraw
___

And?

This story will go down the memory hole, like all the others.
Posted by: SMH at what's coming at November 14, 2022 12:19 PM (aKMRW)

Yup. Schumer, Pelosi named. But not the BigGuy. You can be assured the Bidens are neck deep, too. And...FLUSH! Story's gone.

Posted by: Flyover's Kohlrabi at November 14, 2022 12:35 PM (Rbu5d)

184 Ponzi has jumped the shark.

Posted by: Bulgaroctonus

Comment of the week and it's only Monday!

Posted by: Hands at November 14, 2022 12:35 PM (786Ro)

185 147 Tonypete, how goes TN. Did you close up in OH?

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at November 14, 2022 12:35 PM (lz5hY)

186 Slide rule

Posted by: FortWorthMike at November 14, 2022 12:36 PM (wbIlJ)

187 Our entire financial system is built on trust and faith that debt gets paid.

Just like we think every ballot has one legal voter who didn't vote but once.

Posted by: torabora at November 14, 2022 12:36 PM (z0aPa)

188 You know, if I had a billion dollars, I'm pretty sure I could do better than that.
Posted by: Rodrigo Borgia at November 14, 2022 12:24 PM

Cornering the market on Prometheus DVDs could cause a commenting collapse here. Don't do it.

Posted by: Duncanthrax at November 14, 2022 12:36 PM (a3Q+t)

189 I stand with The Bahamas!

:flag emoji:
:palm tree emoji:

Posted by: Lincoln Project intern recruiter and concierge at November 14, 2022 12:36 PM (786Ro)

190 We are at the beginning of the end of the dollar-denominated international settlement regime. I suspect that when future historians look back on it, they may well determine that kicking Russia out of SWIFT was perhaps the greatest unforced error since the end of WWII.
Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:30 PM (t0OGg)

My conspiratoid-brain is asking "unforced error" or "managed decline". Doesn't matter really, as the result will be the same.

Posted by: Thrawn at November 14, 2022 12:36 PM (Rl7KJ)

191 13
'Never understood the crypto siren song.'

It's the illusion you can have money the US Govt. can't get its hands on.

Posted by: Dr. Claw at November 14, 2022 12:36 PM (VNGpB)

192 BUT the tax is "collected" by way of inflation. The money in the mattress only buys half as much, because so much free money was "printed". but that at least taxes everyone with cash, like the drug dealers and other black/gray market rich people. Plus, interest on debt does not grow to infinity.
------------------
The plan is to spread the debt throughout the empire's satraps. NATOstan is one of them and is the reason we have Ukraine - to keep the Germans down. There's no one else in NATO they can spread the new debt to.

Posted by: Puddinhead at November 14, 2022 12:36 PM (J7wri)

193 The lovely Caroline Ellison is also connected to the donks.

Posted by: CN at November 14, 2022 12:36 PM (Zzbjj)

194 JPMorgan: "We see the news surrounding FTX as one step back, but one that could prove to be the catalyst to move the crypto economy two steps forward (further unlocking the utility value of blockchain).

In fact, we see the establishment of a regulatory framework as the needed catalyst to massively ramp the institutional adoption of crypto.

While the news of the collapse of FTX is empowering crypto skeptics, we would point out that all of the recent collapses in the crypto ecosystem have been from centralized players and not from decentralized protocols."

A Shocking Defense Of Crypto From JPMorgan: "The FTX Collapse Will Be A Massive Ramp For Institutional Adoption"

Posted by: andycanuck (yikp0) cancel your NY Post at November 14, 2022 12:36 PM (yikp0)

195 #182
10 years

Posted by: torabora at November 14, 2022 12:37 PM (z0aPa)

196 The idea is good. A currency that no government can screw with or inflate, and complete, unbreachable financial privacy if you do it correctly.

The execution so far has been, shall we say, flawed.

Posted by: Cicero (@cicero43) at November 14, 2022 12:17 PM (Qzn2/)

These are all trial runs by central banks for a global digital currency, which is the end goal.

They beta test it with the sales pitch that it's a good way to defy the government. Then they watch and see how it's manipulated and the tricks that are used, as well as see how the Asian sector tries to steal it.

Once they feel relatively sure in its security, it will be implemented. I'd say within the next 10-20 years.

Posted by: Bitter Clinger at November 14, 2022 12:37 PM (vwMFL)

197 FTX was going to have its name on some big stadium in FL but thats been canceled now. Some FL based pr0n outfit offered to sponsor it instead, which I'm sure is a non-starter.

Posted by: banana Dream at November 14, 2022 12:37 PM (JRrin)

198 "unauthorized access to certain assets has occurred."

Kinda like rape, which I guess is how those investors feel.

Posted by: Diogenes at November 14, 2022 12:37 PM (anj39)

199 A municipal bond is backed by the faith and credit of the municipality. A revenue bond is backed only by the revenue stream generated by the (whatever).
A govt. bond is backed by the full faith and credit of the US of A. NO physical assets. That means it's ability to tax and generate income... nothing else. Certainly no hard assets.
The fiat money is the same.

All a bond does is promise you a stream of dollars over a period of time. This fact does nothing to establish that the dollars you get are "backed" by anything.

If a dollar is really "backed", then where can I take mine to get something of fixed guaranteed value from the federal government?

Posted by: Cicero (@cicero43) at November 14, 2022 12:37 PM (Qzn2/)

200 111 The US dollar is backed by the government's ability to tax and borrow to cover its value. Not quite nothing

maybe half the dollar's value is backed by that. lately the rest is backed by printing scrip.

Posted by: x at November 14, 2022 12:38 PM (ZC2go)

201 SBF listed his mansion in the Bahamas for 40mil in case anyone's in the market for a mansion in the bahamas.
Posted by: banana Dream at November 14, 2022 12:29 PM (JRrin)

*phones real estate agent*

Posted by: Volodymyr Zelensky, dreamboat at November 14, 2022 12:38 PM (h5TKJ)

202 If he is in bankruptcy, his creditors may have the ability to claw the money back from the DNC. Money that is given away a short period of time before bankruptcy is declared is usually considered to be an illegal preference that can be voided after the fact. That's a civil proceeding undertaken by the creditors and Trustee in bankruptcy, and the corrupt DOJ can't stand in the way of it.

Posted by: Leeotis at November 14, 2022 12:38 PM (R2UFq)

203
The top of pyramid isn't in DC or Ukraine or the Bahamas. It's in Davos.
Posted by: JackStraw

The pyramid with the eyeball on top?

Posted by: Bertram Cabot, Jr. at November 14, 2022 12:38 PM (63Dwl)

204
A Shocking Defense Of Crypto From JPMorgan: "The FTX Collapse Will Be A Massive Ramp For Institutional Adoption"
Posted by: andycanuck (yikp0) cancel your NY Post at November 14, 2022 12:36 PM (yikp0)

JP Morgan is a pretty scummy financial institution and they're happy to adopt what looks like a great way to fleece investors while shutting out competition.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:38 PM (eYoxG)

205 Tim Robbins

I was wrong about the unvaxxed

Please lets forgive and forget

No FUCK YOU

Next

Posted by: rhennigantx at November 14, 2022 12:39 PM (BRHaw)

206 So was this guy really a billionaire at any time or was it all crypto money?

Posted by: vmom stabby stabby stabby stabby stabamillion at November 14, 2022 12:39 PM (EGSGm)

207 Slide rules. Carbon paper. Typewriters. Pen-and-ink music exercises. Real paper lab books. Big Bell phones attached to the wall...
Ah, those were the days...
Posted by: Flyover's Kohlrabi at November 14, 2022 12:32 PM

my friend,
We thought they'd never end.

Posted by: Duncanthrax at November 14, 2022 12:39 PM (a3Q+t)

208 I do recall maybe last week the US Government siezed a $1B in crypto currency money. They didn't specify whose money it was, though.

Posted by: Puddinhead at November 14, 2022 12:34 PM (J7wri)

Storing it on a thumb drive somewhere?

Posted by: BignJames at November 14, 2022 12:39 PM (AwYPR)

209 #182
10 years
Posted by: torabora at November 14, 2022 12:37 PM (z0aPa)
.......

Ugh. No deal.

Posted by: wth at November 14, 2022 12:39 PM (v0R5T)

210 Bang Bros. Arena.

No hedge fund or insurance Co?

Guess it will ride, then

Posted by: Mr Aspirin Factory at November 14, 2022 12:39 PM (ubxl9)

211 This one is very sure the poofy-haired human can nurse his young with plenty to spare.

Posted by: M'aiq The Liar at November 14, 2022 12:39 PM (x8HKZ)

212 Tonypete, how goes TN. Did you close up in OH?
Posted by: bill in arkansas,

Hey! Not yet closed in OH but half moved into the new house. Living out of suitcases until the weekend but it's all good. Thanks for asking.

Posted by: Tonypete at November 14, 2022 12:39 PM (LsEU/)

213 Posted by: Leeotis at November 14, 2022 12:38 PM (R2UFq)

You just watch me

Posted by: Garland and co at November 14, 2022 12:39 PM (Zzbjj)

214 It's the illusion you can have money the US Govt. can't get its hands on.

its also a super easy way to invest

Posted by: Christopher R Taylor at November 14, 2022 12:39 PM (Ivdso)

215 Fuckin' copycats.

Posted by: Jon Corzine at November 14, 2022 12:39 PM (pLSJi)

216 Alex Jones Folk Song -

https://www.youtube.com/
watch?v=KGAAhzreGWw

Posted by: garrett at November 14, 2022 12:39 PM (AhWc5)

217 I don't see what's wrong here.

Posted by: Jon Corzine at November 14, 2022 12:40 PM (JcEvU)

218 It's really amazing how politically connected they are/

Posted by: CN at November 14, 2022 12:40 PM (Zzbjj)

219 Vmom- he was an IC patsy.

Posted by: Mr Aspirin Factory at November 14, 2022 12:40 PM (ubxl9)

220 Educate me. So the big swings in crypto value doesn't have an effect on inflation / deflation ? If we went to just digital currency these huge swings wouldn't occur?

Posted by: polynikes at November 14, 2022 12:40 PM (pAYE7)

221 **How does the government's ability to tax give value to the dollar?**.

"We will jail you and feed you rat meat if you don't pay your taxes in dollars."

Yours truly,
US Government

Posted by: The guy that moves pianos for a living at November 14, 2022 12:41 PM (Xy2YJ)

222 All a bond does is promise you a stream of dollars over a period of time.

At least until they kill the franchise.

Posted by: Bond. James Bond at November 14, 2022 12:41 PM (a3Q+t)

223 218 It's really amazing how politically connected they are/
Posted by: CN at November 14, 2022 12:40 PM (Zzbjj)

=========

"Excuse me, DNC person? I have $1 million I would like to invest, but first I need to speak with Nancy Pelosi."

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:41 PM (LvTSG)

224
All a bond does is promise you a stream of dollars over a period of time. This fact does nothing to establish that the dollars you get are "backed" by anything.

If a dollar is really "backed", then where can I take mine to get something of fixed guaranteed value from the federal government?
Posted by: Cicero (@cicero43) at November 14, 2022 12:37 PM (Qzn2/)

Nothing really has fixed guaranteed value. You seem to mean a fixed amount of a good or service, but fiat currencies are by definition not pegged to a fixed amount. It is a variable claim to goods within the US economy rather than a fixed claim to a specific amount of gold(which itself would be variable to other goods).

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:41 PM (eYoxG)

225 Mike Lindell and his group of researchers show massive spikes up and down in votes counts coming from many different races in the 2022 midterm elections.

The spikes always favor the Democrat candidate.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 12:41 PM (gmxXe)

226 If your crypto GAINS in value it will be taxed as ordinary income.

If your crypto LOSES value you won't be allowed to write it off ordinary income. It's like losing money buying stuff.

Posted by: torabora at November 14, 2022 12:41 PM (z0aPa)

227 If he is in bankruptcy, his creditors may have the ability to claw the money back from the DNC.

Claw it back from the experts in money laundering? Using whose lawyers?

Posted by: t-bird at November 14, 2022 12:41 PM (yZlY6)

228 Tim Robbins

I was wrong about the unvaxxed

Please lets forgive and forget

-

I would consider it if you were truly asking forgiveness. You're not. You're asking only for the "forget" part. You still believe you're smarter than the people you look down on.

Posted by: Paul Pelosi's Gay Anal Hammer Handle Fetish Can Save Democracy at November 14, 2022 12:41 PM (VAy+Y)

229 Shorter JP Morgan:

we see the establishment of a regulatory framework as the needed catalyst to massively ramp our takeover of crypto from the independents and small-time investor-nerds, with subsequent kickbacks to Congress in the guise of campaign donations.

Posted by: Hands at November 14, 2022 12:41 PM (786Ro)

230 What does one do, spend their crypto currency where exactly? Other places that accept it? Those seem to be few and far between. The whole thing is bizarre, although I can certainly appreciate a real currency the gov't can't get its filthy hands on.

Posted by: Lady in Black at November 14, 2022 12:41 PM (sVtYq)

231 Hopefully the SEC will take a big hit, too

Posted by: CN at November 14, 2022 12:41 PM (Zzbjj)

232 During Barky's reign I had the metaphorical mindset of 'when they start a conflagration playing with fire let it burn'

Today I would be pouring kerosene around or lighting and tossing matches to increase the odds of a good blaze if I wasn't exhausted just dealing with my own life. But they are still playing with metaphorical matches and will burn the place down around themselves at some point in time.

Posted by: PaleRider is simply irredeemable at November 14, 2022 12:42 PM (3cGpq)

233 Jørund Viktoria Alme, 53, a senior credit analyst in Oslo, has no physical handicaps, but now identifies as a disabled woman. In an interview on 'Good Morning Norway' last week, the programme introduced Alme as someone who "uses a wheelchair even though her legs are completely healthy”, adding that the interview was conducted as the programme is “keen to create transparency around difficult topics”.

CrippleFace+PinkFace= Goodest!

Posted by: rhennigantx at November 14, 2022 12:42 PM (BRHaw)

234 So did Sam Bankman-Fried and the lovely Caroline Ellison fly to Argentina or no?

Posted by: lowandslow at November 14, 2022 12:42 PM (qH6FZ)

235
Slide rules. Carbon paper. Typewriters. Pen-and-ink music exercises. Real paper lab books. Big Bell phones attached to the wall...
Ah, those were the days...
Posted by: Flyover's Kohlrabi at November 14, 2022 12:32 PM

I still have my slide rule. And my Seyferth template. Keuffel & Esser will never die!

Posted by: Hadrian the Seventh at November 14, 2022 12:42 PM (MoZTd)

236 217 I don't see what's wrong here.
Posted by: Jon Corzine at November 14, 2022 12:40 PM (JcEvU)

I really am surprised that no one's disappeared this guy...

Posted by: browndog Official Mascot of Team Gizzard at November 14, 2022 12:43 PM (CCSxw)

237 Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 12:41 PM (LvTSG)

I wonder if Gary Gensler helped cover their tracks

Posted by: CN at November 14, 2022 12:43 PM (Zzbjj)

238 The people who lost monies should attach Stamford University to their Lawsuits.

Posted by: garrett at November 14, 2022 12:43 PM (AhWc5)

239 226 If your crypto GAINS in value it will be taxed as ordinary income.

If your crypto LOSES value you won't be allowed to write it off ordinary income. It's like losing money buying stuff.
Posted by: torabora at November 14, 2022 12:41 PM (z0aPa)

Are you sure? Our tax code tends to be pretty consistent about this sort of thing, and I think it'd fall under normal investing rules for currency.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:43 PM (eYoxG)

240 #225
Covid spikes favor Democrats and disfavor conservatives.

Once is accident
Twice is coincidence
Three times is warfare

Posted by: torabora at November 14, 2022 12:43 PM (z0aPa)

241 I can't decide what to think about cryptocurrency until that guy who sees everything in terms of clams weighs in.

Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at November 14, 2022 12:43 PM (ppBhU)

242 Educate me. So the big swings in crypto value doesn't have an effect on inflation / deflation ? If we went to just digital currency these huge swings wouldn't occur?

Posted by: polynikes at November 14, 2022 12:40 PM (pAYE7)

I'll make it easy.

Crypto operates like gold.

Posted by: Bitter Clinger at November 14, 2022 12:43 PM (vwMFL)

243 I hope Joe is getting some sick barrels in Bali.

Posted by: wth at November 14, 2022 12:43 PM (v0R5T)

244 Democrats don't want to regulate crypto. They want to regulate crypto that the don't get kickbacks, sorry, donations, from. Because those crypto kids are a threat to out sacred democracy and are probably semi-fascist mega MAGA trickle down crypto

Posted by: Stacy0311 at November 14, 2022 12:43 PM (VfLe7)

245 178 I SOOOOOO support this.

BANGBUS ARENA!!!!

That would be hilarious.
Posted by: Ian S.

LOL!! It would indeed.

Posted by: Puddleglum at November 14, 2022 12:43 PM (sAmhv)

246 Bang Bros. Arena.

brings new meaning to "tailgating"

Posted by: Hands at November 14, 2022 12:44 PM (786Ro)

247 I bet there are a lot of truly crippled people that would like to pound Jorund Viktoria Alme into the ground. People that would do anything to walk again.

Posted by: Lady in Black at November 14, 2022 12:44 PM (sVtYq)

248 Shorter JP Morgan:

we see the establishment of a regulatory framework as the needed catalyst to massively ramp our takeover of crypto from the independents and small-time investor-nerds, with subsequent kickbacks to Congress in the guise of campaign donations.
Posted by: Hands

It's instructive to look over Jamie Dimon's comments on crypto over time. Early on, when it appeared to cut out banks/financial institutions from what they insist is their piece of the pie, he was agin' it.

Posted by: Tonypete at November 14, 2022 12:44 PM (LsEU/)

249 So was this guy really a billionaire at any time or was it all crypto money?
Posted by: vmom stabby stabby stabby stabby stabamillion at November 14, 2022 12:39 PM (EGSGm)

I just wrote a deposit in my checking account for a million dollars.
Hey look everyone!!! I'm a millionaire!!!
I kinda think that's how it was done.

Posted by: Diogenes at November 14, 2022 12:45 PM (anj39)

250 What does one do, spend their crypto currency where exactly?

Cryptohookers and cryptococaine.

Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at November 14, 2022 12:45 PM (ppBhU)

251 Whoever plays at BangBus Arena should have to change their name to Team Skeet.

Posted by: garrett at November 14, 2022 12:45 PM (AhWc5)

252 Last I heard this morning nobody knows where Bankman-Fried is. What a shock. I'd be looking in the Ukraine.

Posted by: clutch cargo - Now fortified with CPM-S90V at November 14, 2022 12:45 PM (zB/T/)

253 Like the perfumed, pampered princes of Olde Aristocracy - incompetent, corrupt, and degenerate inbreds handed money, power and authority with no responsibility, accountability, or consequence.

Posted by: The Habsburg Global Fund at November 14, 2022 12:45 PM (pLSJi)

254 How long do I have to stay married to her to take half of her shit?
Posted by: wth at November 14, 2022 12:34 PM (v0R5T)

Heh.

She's broker than broke in 3-2-1.

Posted by: CZ=FNG, Free Republic of Florida at November 14, 2022 12:45 PM (MkuC5)

255 Give us a moment while we itemize our crypto losses. We'd appreciate your attention to this matter while the Democrats hold majorities...

Posted by: Ukraine at November 14, 2022 12:45 PM (Sv58p)

256 220 Educate me. So the big swings in crypto value doesn't have an effect on inflation / deflation ? If we went to just digital currency these huge swings wouldn't occur?
Posted by: polynikes at November 14, 2022 12:40 PM (pAYE7)

If the US currency went to digital crypto-level swings wouldn't occur is what you're asking? Well they'd still operate by the same monetary rules that governs it non-digitally. At some point the US dollar is going to collapse, digital or not.

The volatility in crypto isn't due to their digital nature. Crypto that is backed by a specific service tends to be much more stable, basically being like Disney bucks.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:46 PM (eYoxG)

257 The taxation problem with crypto comes from the fact that it fluctuates in value so wildly. You buy a car with crypto and you have to report what that crytpo was worth when you bought it versus what it was worth when you traded it for the car. This can get immensely complicated if you do a lot of transactions.

Of course, unless you use a public wallet there is no way that the government can find out that you own crypto or had any crypto transactions.

Posted by: Cicero (@cicero43) at November 14, 2022 12:46 PM (Qzn2/)

258

I think this explains why Ukraine got some much free PR across the entire country.

If you're going to be corrupt, go big.

Funny, happened the day after the elections. Funny.

Who at CNN knew about this?

Posted by: Dr.Rev. Senator Your Highness E Buzz Miller, Esq PhD MA MS at November 14, 2022 12:46 PM (XnbJC)

259 >>brings new meaning to "tailgating"

Also, 'Standing O'.

Posted by: garrett at November 14, 2022 12:46 PM (AhWc5)

260 Crypto operates like gold.
Posted by: Bitter Clinger at November 14, 2022 12:43 PM (vwMFL)

Not getting that as gold has intrinsic value.

Posted by: polynikes at November 14, 2022 12:46 PM (pAYE7)

261 Last I heard this morning nobody knows where Bankman-Fried is. What a shock. I'd be looking in the Ukraine...

... with a glass bottom boat.

Posted by: Reuben Hick at November 14, 2022 12:46 PM (3hSHB)

262 I can't decide what to think about cryptocurrency until that guy who sees everything in terms of clams weighs in.
Posted by: bear with asymmetrical balls

"How much are your clams?"
Two clams apiece.
"I'll take five."

-- From the comic B.C.

Posted by: Tonypete at November 14, 2022 12:47 PM (LsEU/)

263 Cryptohookers and cryptococaine.
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at November 14, 2022 12:45 PM (ppBhU)

I prefer my hookers and cocaine to be analog.

Posted by: Ain't nothing like the real thing at November 14, 2022 12:47 PM (pLSJi)

264 What does one do, spend their crypto currency where exactly?

Well you can buy a Tesla with crypto, and there are shops that take it, I know you can get some stuff on Amazon with crypto, but not much.

But you can sell your crypto for real cash as well.

Posted by: Christopher R Taylor at November 14, 2022 12:47 PM (Ivdso)

265 Any word out of AZ this morning? Dave's comment in the sidebar, that he believes Lake will lose seems to be based on his statement that there are only about 80K ballots left to be counted.

I think the number should be closer to 200K. That's based on the drops, and the number they were reporting on Wednesday and Thursday of last week. Certainly well over 100K, I would think.

Unless someone knows differently today.

Posted by: BurtTC at November 14, 2022 12:47 PM (YV6PJ)

266 The monster truck rallies at Bang Bus Arena. With monster truck voiceman.

Posted by: Mr Aspirin Factory at November 14, 2022 12:47 PM (ubxl9)

267 We are at the beginning of the end of the dollar-denominated international settlement regime. I suspect that when future historians look back on it, they may well determine that kicking Russia out of SWIFT was perhaps the greatest unforced error since the end of WWII.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:30 PM (t0OGg)

--------

One man's unforced error is another vegetable's intentional success (at helping destroy his own nation's economy ... for the children in the name of "equity" ).

Posted by: ShainS -- The Humiliation is Part of the Kink at November 14, 2022 12:47 PM (zoxFl)

268 242 Educate me. So the big swings in crypto value doesn't have an effect on inflation / deflation ? If we went to just digital currency these huge swings wouldn't occur?

Posted by: polynikes at November 14, 2022 12:40 PM (pAYE7)

I'll make it easy.

Crypto operates like gold.
Posted by: Bitter Clinger at November 14, 2022 12:43 PM (vwMFL)

It doesn't. Gold is a safety asset, it tends to go up when the market panics. Crypto is a speculative asset, moves in the same direction as the stock market.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:47 PM (eYoxG)

269 We already privatize profits and socialize losses as a matter of policy.

And we allow foreign aid to be siphoned off to benefit Big Guy's crime family.

What makes you think crypto won't or isn't subject to same one sided government manipulation?

Posted by: torabora at November 14, 2022 12:48 PM (z0aPa)

270 I guess everybody saw the same zh articles I did.

Posted by: banana Dream at November 14, 2022 12:48 PM (JRrin)

271 brings new meaning to "tailgating"

Also, 'Standing O'.
Posted by: garrett

Splitting the uprights.

Posted by: Tonypete at November 14, 2022 12:48 PM (LsEU/)

272 But you can sell your crypto for real cash as well.
Posted by: Christopher R Taylor at November 14, 2022 12:47 PM (Ivdso)

They have vending machines that do that .

Posted by: polynikes at November 14, 2022 12:48 PM (pAYE7)

273 BanbBus Arena must have strippers as cheerleaders. Kind of like in the movie 'The Replacements'.

Posted by: Puddleglum at November 14, 2022 12:48 PM (sAmhv)

274 Sunday. Sunday. SUNDAY...

at Bang Bus Arena

Posted by: Announcer Voice at November 14, 2022 12:48 PM (AhWc5)

275 At SBF-Democrat, we make money the old-fashioned way... we LAUNDAH it!

Posted by: Zombie John Houseman at November 14, 2022 12:48 PM (786Ro)

276 Tim Robbins

I was wrong about the unvaxxed

Please lets forgive and forget

Shove forgive up your ass and forget it.

Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:49 PM (+sD5M)

277 260 Crypto operates like gold.
Posted by: Bitter Clinger at November 14, 2022 12:43 PM (vwMFL)

Not getting that as gold has intrinsic value.
Posted by: polynikes at November 14, 2022 12:46 PM (pAYE7)

There's this theory since certain crypto currencies have a limited quantity, they have inherent scarcity value. Which isn't really how things work, but that's how it's like gold.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:49 PM (eYoxG)

278 Well you can buy a Tesla with crypto, and there are shops that take it, I know you can get some stuff on Amazon with crypto, but not much.

But you can sell your crypto for real cash as well.
Posted by: Christopher R Taylor at November 14, 2022 12:47 PM (Ivdso)

Weed. It's for buying weed and other shady things online. Like mushrooms.

Posted by: BurtTC at November 14, 2022 12:49 PM (YV6PJ)

279 Educate me. So the big swings in crypto value doesn't have an effect on inflation / deflation ? If we went to just digital currency these huge swings wouldn't occur?
Posted by: polynikes at November 14, 2022 12:40 PM (pAYE7)

The cost to mine Crypto could cause it though (granted I'm no expert on any of this, but just from reading)

Apparently Bitcoin is verging on sort of an inversion, where the coin is worth like $16,500, but the cost to mine the coin (and thus keep the ledger/safety net) is like $16,350 a coin.

Posted by: Rbastid at November 14, 2022 12:49 PM (UoVWn)

280 But you can sell your crypto for real cash as well.

Ummm, about that...

Posted by: SFB at November 14, 2022 12:49 PM (Sv58p)

281 Sunday. Sunday. SUNDAY...

at Bang Bus Arena
Posted by: Announcer Voice

The half-time shows will truly be spectacles.

Posted by: Tonypete at November 14, 2022 12:50 PM (LsEU/)

282 Can you keep a condom in your crypto wallet?

Asking for a friend.

Posted by: J. Random Teenage Male at November 14, 2022 12:50 PM (a3Q+t)

283 *Hopefully the SEC will take a big hit, too.*

Wait, this involves college football? It really is serious!

Posted by: Every resident of the state of Alabama at November 14, 2022 12:50 PM (DhOHl)

284 >>Crypto operates like gold.

What can't I build / manufacture without Crypto?

I mean...if I coat my Audio Cables in Crypto, does it Lower the Noise Floor in my System?

Posted by: garrett at November 14, 2022 12:50 PM (AhWc5)

285 Strippers suspended in cages from roof.

Posted by: Mr Aspirin Factory at November 14, 2022 12:50 PM (ubxl9)

286 One thing has been bugging me about Pelosi hammer time.

When Pelosi answered the door for the cops did he have the hammer in his hand?

Posted by: torabora at November 14, 2022 12:50 PM (z0aPa)

287 Interesting that mom starts a Donk PAC, and son quickly becomes billionaire launderer.

Posted by: CN at November 14, 2022 12:51 PM (Zzbjj)

288 FTX was going to have its name on some big stadium in FL but thats been canceled now. Some FL based pr0n outfit offered to sponsor it instead, which I'm sure is a non-starter.
Posted by: banana Dream at November 14, 2022 12:37 PM (JRrin)

In this perverse society, I wouldn't bet on it.

Posted by: WiNO - Again Fortified with Fraud at November 14, 2022 12:51 PM (EpDzw)

289 Not getting that as gold has intrinsic value.

Posted by: polynikes at November 14, 2022 12:46 PM (pAYE7)

.....

True (though somewhat debatable).

What Im getting at is that the value of precious metal goes up, not necessarily because there is a higher demand to make necklaces or rings, but because the dollar gets inflated over time and so it takes more dollars to buy some.

Posted by: Bitter Clinger at November 14, 2022 12:51 PM (vwMFL)

290 I don't need a big crypto balance, just a little bit of "walking around" pixels to help with incidentals.

Posted by: Muldoon at November 14, 2022 12:52 PM (ykeLU)

291 >> Strippers suspended in cages from roof.

Man. I used to LOVE those cages at the Rock and Roll Church.

Posted by: garrett at November 14, 2022 12:52 PM (AhWc5)

292 BangBus Arena theme song will be 'She's a Beauty' by The Tubes.

https://youtu.be/mQ_k_VG6Syc

Posted by: Puddleglum at November 14, 2022 12:52 PM (sAmhv)

293 cryptids > crypto

If you've got $7 million in crypto, I don't know what you really have. But 7 million bigfoots is something.

Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at November 14, 2022 12:52 PM (ppBhU)

294 What does “mining” crypto mean?

Posted by: Bulgaroctonus at November 14, 2022 12:52 PM (cLJOK)

295 Crypto is the 21st century version of 19th century snake oil.

Posted by: Archer at November 14, 2022 12:52 PM (gmo/4)

296 M'aiq keeps large amounts of crypto in his pants so that the bulge will impress the ladies.

Posted by: M'aiq The Liar at November 14, 2022 12:53 PM (x8HKZ)

297 So did Sam Bankman-Fried and the lovely Caroline Ellison fly to Argentina or no?
Posted by: lowandslow at November 14, 2022 12:42 PM (qH6FZ)

Ye, but we kicked them out for buttugliness.

Posted by: Argentina at November 14, 2022 12:53 PM (v0R5T)

298 I am pretty sure that Elon's plan is to do what Zuck was trying to do with meta, but without VR. Create a whole online system where you can buy and sell with crypto, ordering delivery pizza and paying for it with bitcoin while having a video conversation with someone in Zaire over your phone. On the same platform.

Posted by: Christopher R Taylor at November 14, 2022 12:53 PM (Ivdso)

299 Sunday. Sunday. SUNDAY...
at Bang Bus Arena
Posted by: Announcer Voice at November 14, 2022 12:48 PM

Monday, Monday
Clean the Arena day ...

Posted by: Mamas & Papas at November 14, 2022 12:53 PM (a3Q+t)

300 Crypto should have stayed as a means to purchase magic potions and super battle axes.

Posted by: polynikes at November 14, 2022 12:54 PM (pAYE7)

301 295 Crypto is the 21st century version of 19th century snake oil.

Posted by: Archer

Could use a man like Josey Wales again.

Posted by: Puddleglum at November 14, 2022 12:54 PM (sAmhv)

302

That little Bankman got his own jet airplane
That little Bankman is a billionaire

Posted by: Bertram Cabot, Jr. at November 14, 2022 12:55 PM (63Dwl)

303 Lake is not going to lose, she's getting mugged and robbed.

"Lose" is like saying, "I lost my gold necklace", when it was ripped off my neck my a thug.

Posted by: CN at November 14, 2022 12:55 PM (Zzbjj)

304 Can you keep a condom in your crypto wallet?

Asking for a friend.
Posted by: J. Random Teenage Male at November 14, 2022 12:50 PM (a3Q+t)

Who needs condoms?

Posted by: Abortion Mouse at November 14, 2022 12:55 PM (v0R5T)

305 Could use a man like Josey Wales again.
Posted by: Puddleglum at November 14, 2022 12:54 PM (sAmhv)

I reckon

Posted by: REDACTED at November 14, 2022 12:55 PM (us2H3)

306 Miranda Divine makes a suggestion that will be ignored:

The very least the Democratic Party should do is refund the $40 million to the people who were ripped off by their crypto benefactor.

LOL. You fucked up. You trusted us.

Posted by: rickb223 at November 14, 2022 12:55 PM (OvB8Q)

307 Apparently Bitcoin is verging on sort of an inversion, where the coin is worth like $16,500, but the cost to mine the coin (and thus keep the ledger/safety net) is like $16,350 a coin.
Posted by: Rbastid at November 14, 2022 12:49 PM (UoVWn)
++++
Bitcoin is fundamentally flawed. The "mining" concept is that you are rewarded with units of Bitcoin in exchange for helping to settle the transaction (calculate, propagate and persist the blockchain, or transaction audit record). The problem with this is twofold:
1. There is a finite amount of Bitcoin by design, so the reward (Bitcoin issued to you) decreases with time.
2. The entire blockchain has to be validated, which is computationally difficult and expensive, and the blockchain grows with each transaction.

Once there is no more new Bitcoin to be had, there will be no default reward for processing the transaction, but even before that happens it is possible that the energy and capital exchange required to do the processing will the default reward not worth it (likely will result in processing fees).

Not all cryptocurrencies have this weakness, but BTC does.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:55 PM (t0OGg)

308 297 So did Sam Bankman-Fried and the lovely Caroline Ellison fly to Argentina or no?
Posted by: lowandslow at November 14, 2022 12:42 PM (qH6FZ)

Ye, but we kicked them out for buttugliness.
Posted by: Argentina at November 14, 2022 12:53 PM (v0R5T)

Und gut riddance! Er, vee mean, muy bien...

Posted by: Jah, vee are de Argentina at November 14, 2022 12:55 PM (pLSJi)

309 never understood crypto
using computers to solve math problems, and the solutions are worth money? do I have that right?

and NFTs are jpegs people will pay for
crazy shit

Posted by: DB at November 14, 2022 12:56 PM (geLO8)

310 Sometimes you need a correction. You can't keep printing and spending phony money. You have to put that phony money in the shredder. This correction is going to hit real estate before too long.

Posted by: Dr. Bone at November 14, 2022 12:56 PM (geVLo)

311 So did Sam Bankman-Fried and the lovely Caroline Ellison fly to Argentina or no?
Posted by: lowandslow at November 14, 2022 12:42 PM (qH6FZ)

The plan was Dubai. I supposed Garland told/paid The Bahamas to let them escape, if they're gone.

Posted by: CN at November 14, 2022 12:56 PM (Zzbjj)

312 >>> If a dollar is really "backed", then where can I take mine to get something of fixed guaranteed value from the federal government?
Posted by: Cicero (@cicero43) at November 14, 2022 12:37 PM (Qzn2/)
----------------------

LBJ took up all the Silver Certificates.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 12:56 PM (gmxXe)

313 300 Crypto should have stayed as a means to purchase magic potions and super battle axes.
Posted by: polynikes at November 14, 2022 12:54 PM (pAYE7)

That sort of crypto is much more stable in value. It corresponds to relatively consistent microtransaction pricing.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 12:57 PM (eYoxG)

314 We're putting the "peg" in "jpeg"!

Posted by: CryptoBangBros at November 14, 2022 12:57 PM (pLSJi)

315 28 before the end of the year, Congress will approve another 50 billion to Ukraine

Posted by: REDACTED at November 14, 2022 12:16 PM (us2H3)

Only 50 billion? 10 GOPe Senators are thinking bigger that that.

Posted by: Gref at November 14, 2022 12:57 PM (AMIL/)

316 Took up all the silver coins too.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 12:57 PM (gmxXe)

317 Two words: Claw back.

Every dollar that went to politicians or political organizations should be forced to pay it back to the US Treasury, since it was obtained by defrauding US taxpayers using the Ukraine as a money launderer.

Posted by: ruralcounsel at November 14, 2022 12:57 PM (96wFa)

318
I wonder if Gary Gensler helped cover their tracks
Posted by: CN

SBF's wenchfriend's dad is Gensler's old boss at MIT. Connect the dots.

Posted by: IllTemperedCur at November 14, 2022 12:57 PM (n+4am)

319 Isn't she beautiful?/

https://tinyurl.com/f62ukhvw

Hmm, maybe I should try glasses...

Posted by: Greta Thunderberg at November 14, 2022 12:57 PM (Sv58p)

320 GIF is pronounced "jiff". Deal with it, Gen Z

Posted by: Christopher R Taylor at November 14, 2022 12:57 PM (Ivdso)

321 I can see this guy getting beat to death with a shovel within a few years.

Posted by: Mr Aspirin Factory at November 14, 2022 12:58 PM (ubxl9)

322 >What does “mining” crypto mean?

Posted by: Bulgaroctonus

your computer is like a shovel, and after that I'm not sure

Posted by: DB at November 14, 2022 12:58 PM (geLO8)

323 LBJ might have tried, but there are many still in circulation. Worth maybe 30% more than face value last I checked.

Posted by: Catherine at November 14, 2022 12:58 PM (ZSsrh)

324 Only 50 billion? 10 GOPe Senators are thinking bigger that that.
Posted by: Gref at November 14, 2022 12:57 PM (AMIL/)

They must be very worried about lost money, careers, prison

Posted by: CN at November 14, 2022 12:58 PM (Zzbjj)

325
This is what math will do to your :

http://mathprizeforgirlscommunity.blogspot.com/2012/08/

Posted by: Hatari somewhere on Ventura Highway at November 14, 2022 12:58 PM (M+Lyo)

326 >>never understood crypto
using computers to solve math problems, and the solutions are worth money? do I have that right?

yes.

And one day, the ladder will reach all the way to Heaven!

Posted by: garrett at November 14, 2022 12:58 PM (AhWc5)

327 287 Interesting that mom starts a Donk PAC, and son quickly becomes billionaire launderer.
Posted by: CN at November 14, 2022 12:51 PM (Zzbjj)

[rubs chin]

Collusion... I like this word...

Posted by: CZ=FNG, Free Republic of Florida at November 14, 2022 12:58 PM (MkuC5)

328 When Pelosi answered the door for the cops did he have the hammer in his hand?
---------------
Hand?? No, not his hand.
🔨 🔨

Posted by: andycanuck (yikp0) cancel your NY Post at November 14, 2022 12:58 PM (yikp0)

329 When you're worth billions but can only manage a butterface.
Posted by: Sponge - F*ck Joe Biden at November 14, 2022 12:29 PM (+sD5M)

********

With a butterball figure.

There could be potential with that gal but she doesn't look like she's going to put the necessary effort into a decent aerobics program.

Posted by: Sasquatch, the Original Trans-Wookie at November 14, 2022 12:58 PM (xxG/v)

330 A math genius with poor social skills, SBF reportedly lived in a "polycule" -- a polyamorous relationship with multiple people

... each more homely than the last.

Posted by: spindrift at November 14, 2022 12:58 PM (h5TKJ)

331 and there are crypto "miners", where they somehow basically print new "coins" by running their computer all day using ... whatever the software is to do that.

Supposedly costs a lot in electricity, I forget numbers. ...

Posted by: illiniwek at November 14, 2022 12:58 PM (Cus5s)

332 Tell me something that isn't angry or depressing.

Posted by: nurse ratched at November 14, 2022 12:59 PM (awAWU)

333 According to a preview of the new 2023 AOSHQ Style Guide-

"Crypto Currency" will now be known as "Crapto Currency"

Posted by: naturalfake at November 14, 2022 12:59 PM (KLPy8)

334 GIF is pronounced "jiff". Deal with it, Gen Z
Posted by: Christopher R Taylor at November 14, 2022 12:57 PM (Ivdso)
++++
It always has been.

GIF is one of the first formats to support transparency and layers. In one of the first GIFs ever produced, the developers put a hidden layer in that that said, "choosy graphic designers choose GIF."

The argument over pronunciation has always amused me, though. When PNG was positioned to displace GIF for web graphics, one of the items they called out as a non-technical benefit was that the extension was unlikely to be pronounced but that if it was, it was unambiguous and wouldn't result in people arguing over pronunciation.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 12:59 PM (t0OGg)

335 There could be potential with that gal but she doesn't look like she's going to put the necessary effort into a decent aerobics program.

She's always going to be homely but I'll take ugly with a sweet personality and a good soul over beautiful, selfish, vain, shallow bitch every time.

Posted by: Christopher R Taylor at November 14, 2022 12:59 PM (Ivdso)

336 Isn't she beautiful?/

https://tinyurl.com/f62ukhvw

Hmm, maybe I should try glasses...

------------------------

Caroline Ellison could eat corn on the cob through a double-barreled shotgun.

Posted by: Random Internet Asshole at November 14, 2022 01:00 PM (8LP6B)

337 never understood crypto
using computers to solve math problems, and the solutions are worth money? do I have that right?

Offer me $2 billion in corrupto-currency and you're still not getting a cheeseburger.

Posted by: t-bird at November 14, 2022 01:00 PM (dNNCD)

338 Supposedly costs a lot in electricity, I forget numbers. ...
Posted by: illiniwek at November 14, 2022 12:58 PM (Cus5s)

Crypto mining uses electricity on the scale of a small nation. It's the main cost of the business.

Posted by: Cicero (@cicero43) at November 14, 2022 01:00 PM (Qzn2/)

339 Crypto is the 21st century version of 19th century snake oil.

Posted by: Archer

Snake oil was actually worth something. It had alcohol in it.

Posted by: rickb223 at November 14, 2022 01:00 PM (OvB8Q)

340 Tell me something that isn't angry or depressing.

Posted by: nurse ratched at November 14, 2022 12:59 PM (awAWU)

Somewhere, right now, an otter is cracking open an oyster.

Posted by: spindrift at November 14, 2022 01:00 PM (h5TKJ)

341 All the silver coins are with collectors or in junk bags at the coin shop.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:01 PM (gmxXe)

342 335. She's selfish, vain, shallow, and rich (for now) with a demonic soul.

Posted by: CN at November 14, 2022 01:01 PM (Zzbjj)

343 332 Tell me something that isn't angry or depressing.

Posted by: nurse ratched at November 14, 2022 12:59 PM (awAWU)

Chocolate chip cookies

German shepherd puppies

Expensive lingerie

Posted by: CZ=FNG, Free Republic of Florida at November 14, 2022 01:01 PM (MkuC5)

344 Elizabeth Holmes is asking for 18 months at home for bilking investors out of 100s of millions

so SBF has hope

Posted by: REDACTED at November 14, 2022 01:01 PM (us2H3)

345 Snake oil was actually worth something. It had alcohol in it.
Posted by: rickb223 at November 14, 2022 01:00 PM (OvB8Q)

Also opiates.

Posted by: Dr. Poppy's Wonder Tonic at November 14, 2022 01:01 PM (pLSJi)

346 Posted by: illiniwek at November 14, 2022 12:58 PM (Cus5s)

They way I was told is that it is possible that the same Bitcoin could be spent more than once and the miners are the contracted auditors to prevent that and are paid in Bitcoin.

Posted by: polynikes at November 14, 2022 01:01 PM (pAYE7)

347 320 GIF is pronounced "jiff". Deal with it, Gen Z

Posted by: Christopher R Taylor at November 14, 2022 12:57 PM (Ivdso)

I disagree with your suggested pronunciation of 'G.' I win.

Posted by: G_d aka Yahweh at November 14, 2022 01:01 PM (AMIL/)

348 202 If he is in bankruptcy, his creditors may have the ability to claw the money back from the DNC. Money that is given away a short period of time before bankruptcy is declared is usually considered to be an illegal preference that can be voided after the fact. That's a civil proceeding undertaken by the creditors and Trustee in bankruptcy, and the corrupt DOJ can't stand in the way of it.
Posted by: Leeotis at November 14, 2022 12:38 PM (R2UFq)

Unfortunately, if we don't build that infrastructure to get enough R votes in to beat VBM, the only shot we'll have is to expose the rampant fraud in the Democrat Pary through law efforts like the one listed above. Unless you can get universal recognition and outrage over the 'culture of corruption' 2.0 that is taking place now, our efforts will be for naught.

Posted by: Darrell Harris at November 14, 2022 01:01 PM (9miN6)

349 never understood crypto
using computers to solve math problems, and the solutions are worth money? do I have that right?

Crypto is ones and zeros in computer speak backed by thin air.

Posted by: rickb223 at November 14, 2022 01:01 PM (OvB8Q)

350 332 Tell me something that isn't angry or depressing.

https://youtu.be/Hewaj5VKFN4

https://youtu.be/SAjFHpEgBak

How about a kitten named Pudding. Best I can do at the moment.

Posted by: Puddleglum at November 14, 2022 01:02 PM (sAmhv)

351 335 There could be potential with that gal but she doesn't look like she's going to put the necessary effort into a decent aerobics program.

She's always going to be homely but I'll take ugly with a sweet personality and a good soul over beautiful, selfish, vain, shallow bitch every time.
Posted by: Christopher R Taylor at November 14, 2022 12:59 PM (Ivdso)

___________________________

Are you talking about me? You're talking about me, aren't you?

Posted by: Amber "Bedshit" Heard at November 14, 2022 01:02 PM (iFTx/)

352 >Tell me something that isn't angry or depressing.

Posted by: nurse ratched

well, the Jaguars played the Seahawks in Munich Germany, and for some reason, at one point, the entire stadium full of people started singing "Country Roads" by John Denver

Posted by: DB at November 14, 2022 01:02 PM (geLO8)

353 Crypto is ones and zeros in computer speak backed by thin air.
Posted by: rickb223 at November 14, 2022 01:01 PM (OvB8Q)

So's your checking account.

Posted by: Modern Banking at November 14, 2022 01:02 PM (pLSJi)

354 The Democrat Party is a continuing criminal enterprise.

Posted by: G'rump928(c) at November 14, 2022 01:02 PM (yQpMk)

355 So did Sam Bankman-Fried and the lovely Caroline Ellison fly to Argentina or no?

Does it matter what they looked like? They're apparently thieves and con artists and while they may escape because the male twerp supported Biden they will have to look over their shoulders from now and God will not say "All is forgiven, Sam and Caroline."

The stuffy old irrelevancy Bible / s got it correct again "The love of money is the root of all kinds of evil."

Posted by: FenelonSpoke at November 14, 2022 01:02 PM (EoMQ2)

356 Tell me something that isn't angry or depressing.

Posted by: nurse ratched at November 14, 2022 12:59 PM (awAWU)

most of us wil be dead in 20 years

how's that

Posted by: REDACTED at November 14, 2022 01:02 PM (us2H3)

357 353 Crypto is ones and zeros in computer speak backed by thin air.
Posted by: rickb223 at November 14, 2022 01:01 PM (OvB8Q)

So's your checking account.
Posted by: Modern Banking at November 14, 2022 01:02 PM (pLSJi)

SHHHHHHHH!!!

Posted by: CZ=FNG, Free Republic of Florida at November 14, 2022 01:03 PM (MkuC5)

358 337 "never understood crypto
using computers to solve math problems, and the solutions are worth money? do I have that right?"

Offer me $2 billion in corrupto-currency and you're still not getting a cheeseburger.
Posted by: t-bird at November 14, 2022 01:00 PM (dNNCD)

That's dumb, if it's currently going for $2B just turn around and get as much as you can out of it as fast as you can.

Sure, pay me in crypto but I'll charge triple.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 01:03 PM (eYoxG)

359 Somewhere, right now, an otter is cracking open an oyster.
Posted by: spindrift

Euphemism for anal?

Posted by: rickb223 at November 14, 2022 01:03 PM (OvB8Q)

360 I mean...if I coat my Audio Cables in Crypto, does it Lower the Noise Floor in my System?

Posted by: garrett at November 14, 2022 12:50 PM (AhWc5)

......

I'm not a crypto proponent. I'm in an overly simple way, saying the theoretical operation of a crypto coin and its advantages over possessing large stacks of cash, is that it's a fixed scarce product like gold.

But understand this, there are hundreds of billions invested in gold that isn't physical gold. It's gold certificates, IRA gold, gold futures, etc.

That isn't appreciably different in terms of tangible, practical value than crypto.

Nor is your Amazon stock. You can't walk in and take whatever you like from the warehouse. It's a stored value that you hope somebody makes good on that is only worth what someone will give you for it.

Posted by: Bitter Clinger at November 14, 2022 01:03 PM (vwMFL)

361 Tell me something that isn't angry or depressing.

Posted by: nurse ratched
-----
I've got nothing.

Posted by: Dave in Fla at November 14, 2022 01:03 PM (5p7BC)

362 What does “mining” crypto mean?
Posted by: Bulgaroctonus at November 14, 2022 12:52 PM (cLJOK)
++++
Depends on the system. In Bitcoin and several others, "mining" is the process of being rewarded with net-new (never before existed) Bitcoin in exchange for providing computing capacity to settle transactions. Calculating and validating the entire blockchain is extremely difficult (and it is difficult on purpose), and it has to be done when possession of a token (a Bitcoin or a piece of a Bitcoin) is transferred. The ledger - which is permanent and historical - has to be validated and updated. That validation and update takes a lot of work, and in exchange for doing it, you are given new Bitcoin.

As Bitcoin is finite, the amount that you receive for any given unit of work declines, and will decline until hits zero (the maximum amount of Bitcoin that ever will exist already exists). It will go upside-down well before that, though, meaning that the amount of money (energy, equipment, time) it takes to mine is not offset by the new Bitcoin generated.

Other cryptos work differently.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 01:03 PM (t0OGg)

363 252 Last I heard this morning nobody knows where Bankman-Fried is. What a shock. I'd be looking in the Ukraine.
Posted by: clutch cargo - Now fortified with CPM-S90V at November 14, 2022 12:45 PM (zB/T/)
Under mommy's bed in CT?

Posted by: Flyover's Kohlrabi at November 14, 2022 01:04 PM (Rbu5d)

364 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

The USA will not become Venezuela.

We'll become Bangladesh.

Posted by: naturalfake at November 14, 2022 01:04 PM (KLPy8)

365 361 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

I woke up this morning.. No toe tag ?

Posted by: It's me donna at November 14, 2022 01:04 PM (bs+z0)

366 Hand?? No, not his hand.
🔨 🔨
Posted by: andycanuck (yikp0)
--------------------

When he turned and walked away they thought he had a tail.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:04 PM (gmxXe)

367 353 Crypto is ones and zeros in computer speak backed by thin air.
Posted by: rickb223 at November 14, 2022 01:01 PM (OvB8Q)

So's your checking account.
Posted by: Modern Banking at November 14, 2022 01:02 PM (pLSJi)

Paper ain't really that different. The question is whether people will still use it as a medium of exchange. The US dollar has physical force behind it applied to business operations in the US, crypto does not. If a cryptocurrency had an army and a state, it would be functionally no different from other fiat currencies.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 01:04 PM (eYoxG)

368
Crypto mining uses electricity on the scale of a small nation. It's the main cost of the business.
Posted by: Cicero

Doesn't sound like something wind and solar could support.

Posted by: Bertram Cabot, Jr. at November 14, 2022 01:04 PM (63Dwl)

369 Crypto is ones and zeros in computer speak backed by thin air.
Posted by: rickb223 at November 14, 2022 01:01 PM (OvB8Q)

So's your checking account.
Posted by: Modern Banking

True, but the world will take what I give them, go down the street to the next bank, turn it in and ... never mind.

Posted by: rickb223 at November 14, 2022 01:05 PM (OvB8Q)

370 so when people were melting down at the AZ counting process re: cheating, Charlie Kirk was burning up his calculator telling them to cool their jets because all the numbers were on Kari's side. "Its math." he'd say.

So now its the new math? WTF?

Posted by: AZ Blob at November 14, 2022 01:05 PM (2/UHN)

371 Offer me $2 billion in corrupto-currency and you're still not getting a cheeseburger.
Posted by: t-bird at November 14, 2022 01:00 PM (dNNCD)
---
How about if I pay you Tuesday?

Posted by: Wimpy at November 14, 2022 01:05 PM (BpYfr)

372 John Denver is the new David Hasselhoff

Posted by: Muldoon at November 14, 2022 01:05 PM (ykeLU)

373 FTX - Fuq The gen X'ers. I like it!

Posted by: Cicero Kaboom! Kid at November 14, 2022 01:05 PM (3Or4S)

374 Posted by: Joe Mannix (Not a cop!) at November 14, 2022 01:03 PM (t0OGg)

Isn't that what I said in half-tard terms?

Posted by: polynikes at November 14, 2022 01:05 PM (pAYE7)

375 I'm not a crypto proponent. I'm in an overly simple way, saying the theoretical operation of a crypto coin and its advantages over possessing large stacks of cash, is that it's a fixed scarce product like gold.

But understand this, there are hundreds of billions invested in gold that isn't physical gold. It's gold certificates, IRA gold, gold futures, etc.

That isn't appreciably different in terms of tangible, practical value than crypto.

Nor is your Amazon stock. You can't walk in and take whatever you like from the warehouse. It's a stored value that you hope somebody makes good on that is only worth what someone will give you for it.

Posted by: Bitter Clinger at November 14, 2022 01:03 PM (vwMFL)

Crypto does not function like gold in markets though, despite the theoretical claims for it. It clearly operates more like stock.

Gold actually generally operates more like US treasuries.

Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 01:06 PM (eYoxG)

376 We'll become Bangladesh.
========
Banjladesh.

Posted by: andycanuck (yikp0) cancel your NY Post at November 14, 2022 01:06 PM (yikp0)

377 We'll become Bangladesh.

Posted by: naturalfake at November 14, 2022 01:04 PM (KLPy

Try Rwanda.

We are the Hutus of the West, and a large segment of our enlightened countrymen literally Hate Our Guts.

Posted by: CZ=FNG, Free Republic of Florida at November 14, 2022 01:06 PM (MkuC5)

378 Tell me something that isn't angry or depressing.

Posted by: nurse ratched
-----
I've got nothing.
Posted by: Dave in Fla at November 14, 2022 01:03 PM
*****
Paging SMOD. SMOD to AOSHQ please.

Posted by: torabora at November 14, 2022 01:06 PM (z0aPa)

379 Somewhere, right now, an otter is cracking open an oyster.
Posted by: spindrift

Euphemism for anal?
Posted by: rickb223 at November 14, 2022 01:03 PM (OvB8Q)

-----------------------------

You're thinking of chocolate starfish. It's located below the oyster ditch.

Posted by: Random Internet Asshole at November 14, 2022 01:07 PM (8LP6B)

380 Sure, pay me in crypto but I'll charge triple.

Ok, we're pegging the exchange rate at $6 billion crypto for a cheeseburger.

Can't say it's not backed by anything anymore!

Posted by: t-bird at November 14, 2022 01:07 PM (Sv58p)

381 ? Wait, snek oil does not contain sneks?!

Posted by: Cicero Kaboom! Kid at November 14, 2022 01:07 PM (3Or4S)

382 356

'most of us wil be dead in 20 years

how's that'

If it's the whiny ones, I'll take it.

Posted by: Dr. Claw at November 14, 2022 01:07 PM (VNGpB)

383 What does “mining” crypto mean?
Posted by: Bulgaroctonus

********

I'm not sure, but I know it involves a toothless old coot with a burro and a pickaxe...

Posted by: Muldoon at November 14, 2022 01:07 PM (ykeLU)

384 As Bitcoin is finite, the amount that you receive for any given unit of work declines, and will decline until hits zero (the maximum amount of Bitcoin that ever will exist already exists). It will go upside-down well before that, though, meaning that the amount of money (energy, equipment, time) it takes to mine is not offset by the new Bitcoin generated.

Other cryptos work differently.
Posted by: Joe Mannix

I think I'm gonna go buy some more silver.

Posted by: rickb223 at November 14, 2022 01:07 PM (OvB8Q)

385

All the silver coins are with collectors or in junk bags at the coin shop.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:01 PM (gmxXe)

All the dimes are mine !

Posted by: Luap Nor, with the dynamite dimes at November 14, 2022 01:07 PM (M+Lyo)

386 Polycules are really really small. Almost as small as atoms.

Posted by: Joe Biden with a steel plate in his head at November 14, 2022 01:07 PM (v0R5T)

387 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

You are still alive. There are no woodpeckers on your deck

Posted by: CN at November 14, 2022 01:07 PM (Zzbjj)

388 If a cryptocurrency had an army and a state, it would be functionally no different from other fiat currencies.
Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 01:04 PM (eYoxG)

Yes agree. And that won't happen unless a country starts using crypto as their official currency.

Posted by: polynikes at November 14, 2022 01:07 PM (pAYE7)

389 Ok, we're pegging the exchange rate at $6 billion crypto for a cheeseburger.

Can't say it's not backed by anything anymore!
Posted by: t-bird at November 14, 2022 01:07 PM (Sv58p)

In Biden's America, exchange rate peg YOU!

Posted by: Not exactly Smirnoff at November 14, 2022 01:08 PM (pLSJi)

390 The USA will not become Venezuela.

We'll become Bangladesh.

Posted by: naturalfake at November 14, 2022 01:04 PM (KLPy

Haiti

Posted by: BignJames at November 14, 2022 01:08 PM (AwYPR)

391 I put a WW2 book in my Amazon cart last week and forgot to order it.... GRRRR.... Be here Wednesday, meh.

Posted by: SFGoth at November 14, 2022 01:08 PM (KAi1n)

392 Gold actually generally operates more like US treasuries.
Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 01:06 PM (eYoxG)

Generally trades with Treasury yields and inverse the USD.

But not always.

Posted by: CZ=FNG, Free Republic of Florida at November 14, 2022 01:08 PM (MkuC5)

393 I saw other pictures of this SBF - a slob that couldn't even wear pants at a forum where he was speaking. Had to wear shorts to maintain his "cool". A slob and dedicated leftist ripping off people with their own money. To the celebrities (Tom Brady & the ex are two of them) who hitched their star to his wagon - you were taken for the Socialist cause.

Posted by: Cheri at November 14, 2022 01:08 PM (oiNtH)

394 I think Kari's in trouble. They said it would be Tuesday before the final but today they are talking about curing ballots and asking everybody to check.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:08 PM (gmxXe)

395 I'm not saying that the top of the pyramid consists of trans-human reptilian aliens, but ...
Posted by: ShainS -- The Humiliation is Part of the Kink at November 14, 2022 12:30 PM (2/SoJ)
~~~~~

We laugh, but transhumanism (minus the reptiles!) is a thing to them. Nanotechnology is where it's at and that's precisely what the mRNA "vaccines" were.

But that's only the beginning. They have big plans for us using nanotechnology. And not just Bill Gates and the WEF. Google Elon Musk and brain chip. Don't worry that the subjects died in his preliminary trials. Human trials are about to begin.

But he just wants to help quadriplegics and the like. Really. Just like the mRNA vaccine would prevent you from...

Posted by: IrishEi at November 14, 2022 01:08 PM (3ImbR)

396 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

You're a hot nurse. Ok, well that cheered me up anyway.

Posted by: AZ Blob at November 14, 2022 01:09 PM (2/UHN)

397 most of us wil be dead in 20 years

how's that
Posted by: REDACTED at November 14, 2022 01:02 PM (us2H3)

At least our votes will finally be counted.

For the Democrats.

Posted by: DaisyB at November 14, 2022 01:09 PM (AbL8c)

398 Tell me something that isn't angry or depressing.

*******

My granddaughter looks at me, raises her chin half an inch and says, "Sup?"

Posted by: Muldoon at November 14, 2022 01:09 PM (ykeLU)

399 I think I'm gonna go buy some more silver.
Posted by: rickb223 at November 14, 2022 01:07 PM (OvB8Q)

Last I checked the premiums were sky high.

Posted by: CZ=FNG, Free Republic of Florida at November 14, 2022 01:09 PM (MkuC5)

400 393 I saw other pictures of this SBF - a slob that couldn't even wear pants at a forum where he was speaking. Had to wear shorts to maintain his "cool".

I resent that

Posted by: That's Senator Fetterman at November 14, 2022 01:09 PM (bs+z0)

401 387 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

Beto O'Rourke is still a private citizen with no governmental responsibilities of encumbrances.

Posted by: Erik In Texas at November 14, 2022 01:09 PM (aGGj6)

402 You're thinking of chocolate starfish. It's located below the oyster ditch.
Posted by: Random Internet Asshole at November 14, 2022 01:07 PM (8LP6B)

Proximate to the pudding hatch.

Posted by: Stop beating around the bush at November 14, 2022 01:09 PM (pLSJi)

403 394 I think Kari's in trouble. They said it would be Tuesday before the final but today they are talking about curing ballots and asking everybody to check.
Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:08 PM (gmxXe)

The. Donks. are. stealing. it

Posted by: CN at November 14, 2022 01:09 PM (Zzbjj)

404 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

The home underdog Green Bay Packers came from behind yesterday and ripped the hearts out of the Dallas Cowboys' owner, coaches, players, and fans.

Posted by: G_d aka Yahweh at November 14, 2022 01:09 PM (AMIL/)

405 The Daily Daddario is pretty sure that gif is pronounced with a hard g. Emphasis on hard:

https://tinyurl.com/mtetjcur

Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 01:09 PM (LvTSG)

406 394 I think Kari's in trouble. They said it would be Tuesday before the final but today they are talking about curing ballots and asking everybody to check.
Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:08 PM (gmxXe)

she was in trouble from the get go, my friend

Posted by: REDACTED at November 14, 2022 01:09 PM (us2H3)

407 Something not angry or depressing :

Georgia police officer pays for gas for a woman's car after she was robbed. Well, the robbery is depressing but his was a generous action:

https://tinyurl.com/2utw4jh5

Posted by: FenelonSpoke at November 14, 2022 01:09 PM (EoMQ2)

408
Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 01:06 PM (eYoxG)

Definitely agree.

Certainly more speculative buying in crypto than in metals, and much more volatility.

Posted by: Bitter Clinger at November 14, 2022 01:09 PM (vwMFL)

409 You are still alive. There are no woodpeckers on your deck
Posted by: CN at November 14, 2022 01:07 PM (Zzbjj)

This read differently the first time

Posted by: Luap Nor, with the dynamite dimes at November 14, 2022 01:10 PM (M+Lyo)

410 Is Samuel fried?

Posted by: torabora at November 14, 2022 01:10 PM (z0aPa)

411 Tell me something that isn't angry or depressing.
Posted by: nurse ratched at November 14, 2022 12:59 PM (awAWU)
++++
I got the cooling dialed in on my new computer to the point that it now runs cool enough under any conditions and is never loud enough to be distracting - and at lower loads, it's damn near silent.

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 01:10 PM (t0OGg)

412 Tell me something that isn't angry or depressing.

Posted by: nurse ratched
........

I got a new bird feeder yesterday.

Posted by: wth at November 14, 2022 01:11 PM (v0R5T)

413 The Daily Daddario is pretty sure that gif is pronounced with a hard g. Emphasis on hard:

https://tinyurl.com/mtetjcur
Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 01:09 PM (LvTSG)

Mind the Gap

Posted by: Luap Nor, with the dynamite dimes at November 14, 2022 01:11 PM (M+Lyo)

414
Tell me something that isn't angry or depressing.

Posted by: nurse ratched

How about Home Free's version of Man of Constant Sorrow?

('ettes should pay close attention around 2:07 on...)

https://www.youtube.com/watch?v=-ew_bfFvros

Posted by: IllTemperedCur at November 14, 2022 01:11 PM (n+4am)

415 I just don't trust those Krauts.

Posted by: Zombie John Denver at November 14, 2022 01:11 PM (Xrfse)

416 The Hitler Rants video on what happened to Adolph's crypto is going to be lit.

Posted by: torabora at November 14, 2022 01:12 PM (z0aPa)

417 Now I want a cheeseburger.

Posted by: lowandslow at November 14, 2022 01:12 PM (qH6FZ)

418 Mind the Gap
Posted by: Luap Nor, with the dynamite dimes at November 14, 2022 01:11 PM (M+Lyo)

Right, Mrs. Fried's dem funding group

Posted by: CN at November 14, 2022 01:12 PM (Zzbjj)

419 The Daily Daddario is pretty sure that gif is pronounced with a hard g. Emphasis on hard:

https://tinyurl.com/mtetjcur
Posted by: TheJamesMadison, drinking whiskey and getting into fights with Sam Peckinpah at November 14, 2022 01:09 PM (LvTSG)

Hey Macarena !

Posted by: Hatari somewhere on Ventura Highway at November 14, 2022 01:12 PM (M+Lyo)

420 So the US sends billions to Ukraine who 'invests in FTX' who then funnels the money back to Dem interests.

We boned folks.

Posted by: DaisyB at November 14, 2022 01:12 PM (AbL8c)

421 >>>Something not angry or depressing
~~~~~

Christmas is only 42 Days, 6 Hours, and 25 Minutes away!

Posted by: IrishEi at November 14, 2022 01:13 PM (3ImbR)

422 You people aren't helping by comparing us to Haiti, or Venezuela, or Rwanda. All those countries are warm! It's 20 degrees outside where I live! I'm in a banana republic, but it's not warm enough to grow bananas! This sucks.

Posted by: Wally at November 14, 2022 01:13 PM (FJYfm)

423 If a cryptocurrency had an army and a state, it would be functionally no different from other fiat currencies.
Posted by: Red Turban Someguy - The Republic is already dead! at November 14, 2022 01:04 PM (eYoxG)

Yes agree. And that won't happen unless a country starts using crypto as their official currency.
Posted by: polynikes at November 14, 2022 01:07 PM (pAYE7)

---------------------------

Well, we're all in for a treat. Back in March, President Rapefinger McStumblefuck signed an executive order outlining his intentions to digitize the U.S. dollar. Won't that be wonderful when every single transaction, no matter how small, can be tracked and traced to every individual.

Posted by: Random Internet Asshole at November 14, 2022 01:13 PM (8LP6B)

424 361 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

I get my ankle bracelet removed on Friday.

Posted by: Quarter Twenty at November 14, 2022 01:13 PM (DhOHl)

425 Tell me something that isn't angry or depressing.

Posted by: nurse ratched

On any given day, a lot more good in the world happens than bad. More love, compassion, community and fellowship. It sure doesn't seem like it when dipping into world events and the cesspool of politics. But it is true.

Posted by: Cheri at November 14, 2022 01:13 PM (oiNtH)

426 Tell me something that isn't angry or depressing.
Posted by: nurse ratched at November 14, 2022 12:59 PM (awAWU)
++++

I'm finishing up my first commissioned art work since I've started back painting . I'll share with the Horde after completed and delivered.

Posted by: polynikes at November 14, 2022 01:13 PM (pAYE7)

427 CN at November 14, 2022 01:09 PM (Zzbjj)

Show us the proof.

Posted by: toddg at November 14, 2022 01:13 PM (B3RQo)

428 420 So the US sends billions to Ukraine who 'invests in FTX' who then funnels the money back to Dem interests.

We boned folks.
Posted by: DaisyB at November 14, 2022 01:12 PM (AbL8c)

And Uke officials are buying Lamborghini's and Swiss real estate

Posted by: CN at November 14, 2022 01:13 PM (Zzbjj)

429 Broadsword calling Danny Boy.

Broadsword calling Danny Boy.

Woodpeckers are on your deck. Repeat. Woodpeckers are on your deck.

Posted by: Broadsword at November 14, 2022 01:14 PM (yikp0)

430 Wow.

Posted by: Mr Aspirin Factory at November 14, 2022 01:14 PM (ubxl9)

431 Want to get around campaign finance laws? Open an account with me and I'll take care of the rest. If we win, we might even be able to get you "restitution" for the "theft".

Posted by: Sam Bunkum-Freed at November 14, 2022 01:14 PM (BOHPk)

432 Crypto does not function like gold in markets though, despite the theoretical claims for it. It clearly operates more like stock.

Gold actually generally operates more like US treasuries.

-------------

It is similar to gold paper. It has value because other people assign it value. Actual gold has value because history has judged it to have value. But it typically only has value when it is actually in front of you. Cash has value because of the military behind the country issuing it. If you want something of value that will last, buy liquor.

Posted by: SH (No more Roe) at November 14, 2022 01:14 PM (sX1BW)

433 I'm finishing up my first commissioned art work since I've started back painting . I'll share with the Horde after completed and delivered.
Posted by: polynikes at November 14, 2022 01:13 PM (pAYE7)

Does it include a sniper and kitten?

Posted by: spindrift at November 14, 2022 01:14 PM (h5TKJ)

434 There was a terrorist bombing in Istanbul and it barely got reported in the US.

Also, the US offered condolences, and the Turkish Interior Minister rejected the condolences.

WTAF?

Posted by: blaster at November 14, 2022 01:14 PM (pwExq)

435
Nice story about a cat travelling over 200 miles to be reunited with its owners:

https://tinyurl.com/mrruscfe

Posted by: FenelonSpoke at November 14, 2022 01:14 PM (EoMQ2)

436 That was a guess. (and a pretty good one...I must say.)

It's actually 40 days, 9 hours and 46 minutes.

Posted by: IrishEi at November 14, 2022 01:14 PM (3ImbR)

437 On any given day, a lot more good in the world happens than bad.

Yes, and that world is Saturn.

Posted by: Zombie John Denver at November 14, 2022 01:14 PM (Xrfse)

438 I resent that
Posted by: That's Senator Fetterman at November 14, 2022 01:09 PM (bs+z0)
-----------------------------

Senator Fetterman what to you think about the fraud issue?

_I have not issue.
_I have no frogs.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:15 PM (gmxXe)

439 If you want something of value that will last, buy liquor.
Posted by: SH (No more Roe) at November 14, 2022 01:14 PM (sX1BW)

Umm, apparently you haven't been to the same bourbon events I have.

Posted by: blaster at November 14, 2022 01:15 PM (pwExq)

440 Theres going to be a lot of Dems going to jail for this Crypto laundering.

I keed I keed!

Posted by: AZ Blob at November 14, 2022 01:15 PM (2/UHN)

441 I think some of the FTX $40M funneled to the Democrats to "fortify" the election also may have found it's way into certain GOP types with an interest that aligned with the left.

Especially in a number of contested races for Congress.

Posted by: Martini Farmer at November 14, 2022 01:15 PM (Q4IgG)

442 Also, the US offered condolences, and the Turkish Interior Minister rejected the condolences.

WTAF?
Posted by: blaster at November 14, 2022 01:14 PM (pwExq)

They think Biden did it.

Posted by: CN at November 14, 2022 01:15 PM (Zzbjj)

443 I think Kari's in trouble. They said it would be Tuesday before the final but today they are talking about curing ballots and asking everybody to check.

She's lost the count. I mean she won the election but Hobbs just found enough ballots to throw it over to Hobbs. This was one of the elections that was targeted by the left to destroy because they could not afford for her to win.

Posted by: Christopher R Taylor at November 14, 2022 01:15 PM (Ivdso)

444 >Something not angry or depressing
~~~~~

Christmas is only 42 Days, 6 Hours, and 25 Minutes away!
Posted by: IrishEi at November 14, 2022 01:13 PM (3ImbR)

For whatever reason this is the first year I've had the same Christmas season feeling as I used to have as a teen. Weird.

Posted by: polynikes at November 14, 2022 01:15 PM (pAYE7)

445 Nurse, I just saved 15% or more on my car insurance by switching to Geico.

Posted by: Bulgaroctonus at November 14, 2022 01:16 PM (cLJOK)

446 440 Theres going to be a lot of Dems going to jail for this Crypto laundering.

I keed I keed!
----------------
When you can print your majorities you can print anything.

Posted by: Puddinhead at November 14, 2022 01:16 PM (Hudry)

447 NOOD UVA SHOOTING

Posted by: Joe Mannix (Not a cop!) at November 14, 2022 01:16 PM (t0OGg)

448 I think I'm gonna go buy some more silver.
Posted by: rickb223 at November 14, 2022 01:07 PM (OvB8Q)

Excellent plan. Five minutes ago on the radio, I heard an expert say that many experts believe the value of silver will double by the end of this year!

:-)

Posted by: Gref at November 14, 2022 01:16 PM (AMIL/)

449 If you want something of value that will last, buy liquor.
Posted by: SH (No more Roe) at November 14, 2022 01:14 PM (sX1BW)

Umm, apparently you haven't been to the same bourbon events I have.

-------------

Consumption does not help in keeping its value.

Posted by: SH (No more Roe) at November 14, 2022 01:16 PM (sX1BW)

450 Posted by: Christopher R Taylor at November 14, 2022 01:15 PM (Ivdso)

And Fox called it weeks ago for Hobbs.

Posted by: CN at November 14, 2022 01:16 PM (Zzbjj)

451 @332

>>Tell me something that isn't angry or depressing.

Well, I get my Wrangler back next week with a V8 engine swap, hopefully I don't kill myself on it's maiden voyage.

Posted by: Thomas Bender at November 14, 2022 01:17 PM (pHCj3)

452 434 There was a terrorist bombing in Istanbul and it barely got reported in the US.

Also, the US offered condolences, and the Turkish Interior Minister rejected the condolences.

WTAF?
Posted by: blaster
------------------------

Last night it was said that Pakistan is coming apart.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:17 PM (gmxXe)

453 >>>Nor is your Amazon stock. You can't walk in and take whatever you like from the warehouse. It's a stored value that you hope somebody makes good on that is only worth what someone will give you for it.

>Now do twitter and facebook.

Posted by: Dr. Bone at November 14, 2022 01:17 PM (geVLo)

454
There was a terrorist bombing in Istanbul

Not Constantinople?

Posted by: naturalfake at November 14, 2022 01:17 PM (KLPy8)

455 And Fox called it weeks ago for Hobbs.

Tough to beat the person that counts the votes

Posted by: Christopher R Taylor at November 14, 2022 01:17 PM (Ivdso)

456 Woodpeckers are on your deck. Repeat. Woodpeckers are on your deck.
Posted by: Broadsword at November 14, 2022 01:14 PM (yikp0)

a hole is a hole is a hole

Posted by: REDACTED at November 14, 2022 01:17 PM (us2H3)

457 Banglawhat?

Posted by: Bang Bros at November 14, 2022 01:18 PM (DhOHl)

458 >>Also, the US offered condolences, and the Turkish Interior Minister rejected the condolences.

>>WTAF?

Read his whole statement. It sounds as if he believes the US was behind it in some way.

Posted by: JackStraw at November 14, 2022 01:18 PM (ZLI7S)

459 Well, I get my Wrangler back next week with a V8 engine swap, hopefully I don't kill myself on it's maiden voyage.
Posted by: Thomas Bender at November 14, 2022 01:17 PM (pHCj3)

Sweet. 4 door?

Posted by: polynikes at November 14, 2022 01:19 PM (pAYE7)

460 >>>Excellent plan. Five minutes ago on the radio, I heard an expert say that many experts believe the value of silver will double by the end of this year!

:-)
Posted by: Gref
--------------------------

And that's when you sell because the day after it will price out at half what you paid for it.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at November 14, 2022 01:19 PM (gmxXe)

461 426 Boobs?

Posted by: Bulgaroctonus at November 14, 2022 01:19 PM (cLJOK)

462 443

And the Democrat candidate "wins" again!

Shameful this continues to go on. Why vote?

Posted by: Ziba at November 14, 2022 01:19 PM (4h9M3)

463
It was a mostly gentle mass shooting.

Posted by: naturalfake at November 14, 2022 01:21 PM (KLPy8)

464 427

Taking days to count a couple hundred thousand ballots in a place they know they shove in fake votes is enough proof for me.
They're democrats and the cheat where they can.
What are you, 10?

Posted by: Dr. Claw at November 14, 2022 01:21 PM (VNGpB)

465 Tell me something that isn't angry or depressing.

Posted by: nurse ratched at November 14, 2022 12:59 PM (awAWU)

I've lost 10 lbs of my goal of losing 25 lbs...

Ski season is almost here.

Posted by: Romeo13 at November 14, 2022 01:22 PM (oHd/0)

466
Last night it was said that Pakistan is coming apart.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman

Mixed feelings there. On the one hand, the Pakis are fucking assholes who deserve a good curb-stomping because they've had a hand in the majority of conflicts around the world for over 70 years. But the fallout from having a nation full of nuke-armed mohammedans collapse has the potential to be rather unpleasant for everyone.

Posted by: IllTemperedCur at November 14, 2022 01:26 PM (n+4am)

467 Sam Bankman-Fried, the former CEO of the collapsing cryptocurrency company FTX, along with two others associated with the company, director of engineering Nishad Singh and co-founder Gary Wang, are "under supervision" in the Bahamas after the trio reportedly were planning on fleeing to Dubai.

Posted by: SMOD at November 14, 2022 01:27 PM (RHGPo)

468 Elon Musk
@elonmusk

SBF was a major Dem donor, so no investigation

Posted by: SMOD at November 14, 2022 01:28 PM (RHGPo)

469 >>I think Kari's in trouble. They said it would be Tuesday before the final ...

stop you right there
that race is over

Posted by: DB at November 14, 2022 01:28 PM (geLO8)

470 A lot of experts on this thread.

Posted by: Pork Chops & Bacons at November 14, 2022 01:29 PM (BdMk6)

471 GIF is pronounced "jiff". Deal with it, Gen Z

Posted by: Christopher R Taylor at November 14, 2022 12:57 PM (Ivdso)

Correct. It's short for Giraffec Interchange Format.

Posted by: Grudge Harbor at November 14, 2022 01:30 PM (wBpKf)

472 I'm old school: if I can't roll around on it naked, I don't really own it.

Posted by: butch at November 14, 2022 01:31 PM (1jWYl)

473 I think Kari's in trouble. They said it would be Tuesday before the final ...

stop you right there
that race is over
Posted by: DB at November 14, 2022 01:28 PM (geLO

Kari lost the second she signed her name to run.

Posted by: Pork Chops & Bacons at November 14, 2022 01:32 PM (BdMk6)

474 And that's when you sell because the day after it will price out at half what you paid for it.

Posted by: Braenyard

Silver spot is $22.32
Silver rounds and bars are:
Rounds $28.21
Bars $29.62
APMEX.com

Posted by: rickb223 at November 14, 2022 01:34 PM (OvB8Q)

475 I think the people who are running the election count in AZ are the same ones who sell all that oceanfront property out there.

Posted by: Florida Peasant at November 14, 2022 01:35 PM (dr4Q1)

476 Thanks for the explanation. I was wondering why this chubby-faced white guy with an Afro (or is it Jewfro?) - whom I'd never seen before - was suddenly News.

Posted by: Pete in Texas at November 14, 2022 01:55 PM (iQHZ/)

477 I expect the Dems to create a bailout for "small FTX" investors that will (with taxpayer funds) remove the impetus for a DNC refund.

So instead of paying back their ill gotten gains, they'll get to reward their friends with more of your $.

Posted by: Zek at November 14, 2022 02:02 PM (fsV7e)

478 Leverage is just an excuse here, as well as a damage multiplier following the collapse of the exchange.

This was simple theft. They got caught out because one of the competing exchanges spurred on a run after some docs got leaked. No guesses as to whether the leak was coordinated to kick off the run, but it certainly could have been.

Nothing about this is really crypto-specific, aside from gullible users.

Posted by: somedood at November 14, 2022 02:13 PM (BbSpR)

479 Deep State Money Laundering Op for the ODiaper Administration.

Posted by: The Gipper Lives at November 14, 2022 03:03 PM (Ndje9)

480 Ew. That place in the Bahamas is going to have trouble finding new tenants.

I bet they all had furry costumes.

Posted by: Cluebat at November 14, 2022 03:57 PM (ogdb4)

481 Making money online is more than $15k just by doing simple work from home. I received $18376 last month. It's an easy and simple job to do and its earnings are much better than regular office jobs and even a little child can do this and earn money. Everybody must try this job by just use the info on this page..... www.richsalaries.com

Posted by: Monica White at November 14, 2022 05:25 PM (IRcm3)

482 Why wouldn't this be a double whammy? Ponzi scheme to fund Democrat dreams AND the added benefit that when it all fell apart they would use it as an example as to why they needed so badly to regulate crypto "currency".

"In fact, we see the establishment of a regulatory framework as the needed catalyst to massively ramp the institutional adoption of crypto."

See what I mean?

Posted by: GWB at November 14, 2022 06:37 PM (7Of/6)

483 I am making 90 dollars an hour working from home. I never imagined that it was honest to goodness yet my closest companion is earning $16,000 a month by working on a laptop, that was truly astounding for me, she prescribed for me to attempt it simply. Everybody must try this job now by just
using this website.. http://xurl.es/trueamerican

Posted by: Tom at November 15, 2022 05:18 AM (+cAfQ)

484 Making money online is more than $15k just by doing simple work from home. I received $18376 last month. It's an easy and simple job to do and its earnings are much better than regular office jobs and even a little child can do this and earn money. Everybody must try this job by just use the info on this page..... www.richsalaries.com

Posted by: Ashley at November 15, 2022 11:25 AM (euBEc)

485 An online service called "Assignment help online" students take courses on their behalf. According to many studies, psychology studies the mind and behavior and how they relate to each other. The roots of coursework and Homework help, two branches, are found in the stem of human mental health. Let's think about how they differ from each other. As part of my ace online classes, I will be taking an online test under the guidance of a quality maker to treat student problems through behavior modification. It is fascinating to understand even though many students do not have the time to attend class properly and with full attention..

Posted by: Allassignmenthelp at November 16, 2022 03:35 AM (Cp8PD)

486 Ι really like what you guys tend to be up too. This type of clever
work and expoѕure! Keep uр the terrific
works guys I've added you guys to my peгsonal bⅼogroll.

Posted by: ewing at November 19, 2022 09:29 PM (O3gMj)

487 The study of English is universally regarded as one of the most prestigious and interesting fields. Students from all around the world demonstrate their sense of curiosity by studying English at a wide variety of institutions and schools each and every year. Students are drawn to the subject because they find it fascinating, and as a result, they are motivated to fully immerse themselves in its many elements. Students nevertheless want help and ask "do my online statistics class" or "take my online class for me" with their English homework because of the numerous academic duties and assignments that they are required to accomplish.

Posted by: take my online class at November 22, 2022 12:18 AM (vuwkk)

488 “Are assignments of each subject scaring you? Don’t be scared. Come to Assignment Help Online
service. We have a full package to handle all types of problems. You not only get entire support in practical work but also in theoretical portion.”

Posted by: assignment help online at December 05, 2022 03:41 AM (a2pih)

489 Do you wake up at 1:00 am realizing you have an incomplete paper that is due for 6 hours? Last-minute deadlines creep you up. Choosing to pay someone to write your paper ensures you sufficient break while ensuring excellent paperwork.

Posted by: pay someone to write your paper at December 13, 2022 07:58 PM (fDEnw)

Processing 0.06, elapsed 0.0676 seconds.
15 queries taking 0.0221 seconds, 498 records returned.
Page size 245 kb.
Powered by Minx 0.8 beta.