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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. SBF/FTX

SBF/FTX

Scheduled Pinned Locked Moved General Discussion
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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote on last edited by
    #7

    Wow. Read the thread.

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • MikM Away
      MikM Away
      Mik
      wrote on last edited by
      #8

      Jesus. What did he think he was running, a bodega?

      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

      1 Reply Last reply
      • JollyJ Jolly

        Make the Dems give the money back. 🤑

        IvorythumperI Offline
        IvorythumperI Offline
        Ivorythumper
        wrote on last edited by
        #9

        @Jolly that would be our money, dude.

        jon-nycJ 1 Reply Last reply
        • IvorythumperI Offline
          IvorythumperI Offline
          Ivorythumper
          wrote on last edited by
          #10

          I heard they’d approve or reject corporate matters with emojis….

          1 Reply Last reply
          • IvorythumperI Ivorythumper

            @Jolly that would be our money, dude.

            jon-nycJ Offline
            jon-nycJ Offline
            jon-nyc
            wrote on last edited by
            #11

            @Ivorythumper said in SBF/FTX:

            @Jolly that would be our money, dude.

            You had money in FTX?

            Only non-witches get due process.

            • Cotton Mather, Salem Massachusetts, 1692
            IvorythumperI 1 Reply Last reply
            • jon-nycJ jon-nyc

              @Ivorythumper said in SBF/FTX:

              @Jolly that would be our money, dude.

              You had money in FTX?

              IvorythumperI Offline
              IvorythumperI Offline
              Ivorythumper
              wrote on last edited by
              #12

              @jon-nyc no, I misinterpreted Jolly’s comment.

              jon-nycJ 1 Reply Last reply
              • IvorythumperI Ivorythumper

                @jon-nyc no, I misinterpreted Jolly’s comment.

                jon-nycJ Offline
                jon-nycJ Offline
                jon-nyc
                wrote on last edited by
                #13

                @Ivorythumper whew!

                I didn’t take you for a crypto bro. Lol

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                IvorythumperI 1 Reply Last reply
                • George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by
                  #14

                  https://finance.yahoo.com/news/justin-bieber-bought-bored-ape-190922945.html

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  1 Reply Last reply
                  • Doctor PhibesD Offline
                    Doctor PhibesD Offline
                    Doctor Phibes
                    wrote on last edited by Doctor Phibes
                    #15

                    I still don’t understand any of this.

                    It sounds like maybe I’m not alone

                    I was only joking

                    1 Reply Last reply
                    • jon-nycJ jon-nyc

                      @Ivorythumper whew!

                      I didn’t take you for a crypto bro. Lol

                      IvorythumperI Offline
                      IvorythumperI Offline
                      Ivorythumper
                      wrote on last edited by Ivorythumper
                      #16

                      @jon-nyc said in SBF/FTX:

                      @Ivorythumper whew!

                      I didn’t take you for a crypto bro. Lol

                      We can’t in the house due to MS’s work restrictions.

                      Good thing— I started seriously thinking about it exactly 1 year ago!

                      1 Reply Last reply
                      • jon-nycJ Offline
                        jon-nycJ Offline
                        jon-nyc
                        wrote on last edited by
                        #17

                        I sent that last twitter thread to a okd Credit Suisse buddy who later worked in crypto.

                        His reply:

                        DCCE2843-52B5-4812-8394-BC4612663D7C.jpeg

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
                        • AxtremusA Away
                          AxtremusA Away
                          Axtremus
                          wrote on last edited by
                          #18

                          Yeah, just recently a Sequoia guy said it has done "careful due diligence" on FTX and "there's nothing much we could have done any differently."

                          https://www.cnbc.com/2022/11/18/vc-firm-sequoia-capitals-doug-leone-on-the-fallout-from-ftx-collapse.html

                          SoftBank also invested in FTX but it’s the VC that has also lost a ton of money in WeWork, so I suppose it doesn’t quite qualify as “proper investor” as much as Sequoia.

                          1 Reply Last reply
                          • jon-nycJ Offline
                            jon-nycJ Offline
                            jon-nyc
                            wrote on last edited by
                            #19

                            Another friend, who's had some dealings with SBF, told me that they paid employees and contractors into their FTX accounts, meaning they're all creditors too.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by
                              #20

                              If the company had its own boutique crypto currency which was valued at the most recent transaction price, which in turn was whatever SBF wanted it to be, then I suppose the bubble pop makes sense. But that would be the pop of a bubble that wasn’t inflated with real money to begin with. My question is where did all the real money go? I mean other to Democrats, as SBF tried to climb socially through the high status political ranks of the left.

                              Education is extremely important.

                              jon-nycJ 1 Reply Last reply
                              • HoraceH Horace

                                If the company had its own boutique crypto currency which was valued at the most recent transaction price, which in turn was whatever SBF wanted it to be, then I suppose the bubble pop makes sense. But that would be the pop of a bubble that wasn’t inflated with real money to begin with. My question is where did all the real money go? I mean other to Democrats, as SBF tried to climb socially through the high status political ranks of the left.

                                jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote on last edited by
                                #21

                                @Horace The immediate answer is Alameda but it's still unclear what they were doing with it.

                                Also it's unclear when the shady stuff (using customer money) started. Did they do that from the get-go? Or was it an act of desperation over the summer when crypto started to go south that they hoped would be temporary?

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #22

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  1 Reply Last reply
                                  • JollyJ Offline
                                    JollyJ Offline
                                    Jolly
                                    wrote on last edited by Jolly
                                    #23

                                    The well from which my money cometh.

                                    Remind me to check my IQ again...

                                    “Cry havoc and let slip the DOGE of war!”

                                    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                    1 Reply Last reply
                                    • jon-nycJ Offline
                                      jon-nycJ Offline
                                      jon-nyc
                                      wrote on last edited by jon-nyc
                                      #24

                                      Check your IQ again.

                                      Nobody disputes that he gives lots of money to Dems. It’s the idea that he suddenly, years into the project, decides to charge Ukraine for it that is ridiculous.

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      1 Reply Last reply
                                      • JollyJ Offline
                                        JollyJ Offline
                                        Jolly
                                        wrote on last edited by
                                        #25

                                        Sure.

                                        “Cry havoc and let slip the DOGE of war!”

                                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                        1 Reply Last reply
                                        • George KG Offline
                                          George KG Offline
                                          George K
                                          wrote on last edited by
                                          #26

                                          IMG_1488.JPG

                                          IMG_1486.JPG

                                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                          taiwan_girlT 1 Reply Last reply
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