Pray that SBF finds himself in jail. He is absolutely lying when he says "I don't know the details..." Unreal. Doesn't know a detail about any part of his business? Absolutely impossible.
He has been coached by lawyers to go out and do the media cycles......trying to explain it was simply an error...not fraud...no one believes him. I'm sure he has hundreds of millions stashed in offshore accounts for use in future
I think he will. He has nothing left to give, no way to continue making massive sums of money, and anyone who helps get him in jail can score big political points. Corrupt sociopaths will turn on each other the moment they stop being useful, and the only things keeping him free now are the Bahamian government and his willingness to give the prosecution big piles of ammo in a desperate attempt to win in the court of public opinion.
The only reason he isn't in jail is he still has hidden money. They wants it my precious. I mean. That is what I would say if I was a cynical person. Being cynical is bad? Because reasons?
What is the internet Valie of USD ?!?? It s mostly not backed by anything…. Let s say it s good , what is the inherent value of Gold ?!? It s a shiny metal and can be used to create computer chips and jewelry… great … what is the inherent value of btc ?!? It s the trusted network not controlled by any one entity like SBF or HSBC , so you can feel safe that no one is messing with the books …. You might not find this value proposition valuable to you personally, hence there is no such thing as internet value .. there is subjective value … which is basically the debate between kensyan school of economics and the Austrian school of economics….. the failure of FTX only proves the original mission of BTC , don t trust , verify … people get scammed because of greed not because of blockchains
Who would have thought that investing in something without actual value, in companies that are outside legislation, run by inexperienced nerds and incompetent management could go bad ?
Inexperienced.. Incompetent.. You still don't get it, do you ? They are extremely experienced and competent in scamming and getting away with it. In fact pretending to be inexperienced and incompetent is their defense tactic.
@@jantschierschky3461 They made billions, now they working on getting away with them. That is literally what SBF is trying to achieve with all these interviews - convince everyone, most importantly future prosecutors, that it was simply his incompetence and inexperience that caused collapse, not carefully planned sophisticated scam that it was. Former involves much lighter charges and probably just fines, latter causes criminal conviction.
Tough lesson for these people to learn. You don't invest/trade an asset that has no inherent utility or value. Any 'value' it has can evaporate at a moment's notice.
The problem is herdmentaliy, greed and incapacity to actually think. You got paid morons on TH-cam telling you to invest in things that nobody actually really understands. There is a reason why people who are actually successful look at shares with clear records and accountability.
In a normal business the boss spends 50% of his time concentrating on the money coming in and 50% of his time concentrating on money going out. SBF says he was not spending any time concentrating on accounting for the money coming in. OK, fine. So that means he spent 100% of his time concentrating on the money going out of the business. Right? No? So, according to SBF, he didn't spend any time on anything at his company. Right.
We sold off on the ride up for massive gains because we've seen the cycle several times now. We will do it again in two years. As you say, it is so predictable.
Wow. Andrei talked about he was never connected to FTX. Then told subscribers to deposit money into blockfi in the "apology" video. Now he needs to create an apology for the apology video.
I say if you are chasing all these new companies in hopes of making money, you deserve what you get. They are in the same business as you, chasing money. Isn't it on you to be a lil responsible with who u trust and what risk you take?
it's just not "cool" to listen to older, wiser, solid billionaires like Warren Buffet or read into his whitepapers, that's all boring jibber jabber to get rich quick mellenials makes no sense.
@@1digitalsmith There is truth in the idea of getting rich quick but no one ever talks about you losing your riches even quicker when chasing such lunacy lmao
The first thing an investor should know is what constitutes a reasonable rate of return. Only a complete dolt would invest real money without knowing this.
Thank goodness I decided to get my money out of Blockfi back when they got in trouble with the SEC. Still have about $90 left in due to block visa rewards but I won't miss it if it vanishes.
“Everyone was making money” that’s the precursor to ever financial crime/collapse in history 🤣. Dot com, Enron, 2008 mortgage crisis, bernie maddoff, you name it. As long as the money flows in the questions are less audible.
As a taxpayer, i would like if SEC increases the fine. If more fine where put on FTX, taxpayers will benefit as most FTX monies will go to taxpayers instead of investors. To me, government should be efficient, and maximise fines especially to corporations like this.
@Clinton i assure you that every person that lost money was chasing that Decentralized Dream of the Get Rich Quick fallacy 👍 But sure I'll give you a point for the "technicality" if you agree that stable coins aren't stable 🤣
If the SEC protected people by destroying FTX, Blockfi and the like, they'd have been accused of killing perfectly healthy and legitimate businesses because they challenged the USD with an alternate, international and superior fiat currency. They'd have been accused of acting like mobsters smashing the shop fronts of rival businesses. This is the necessary and best outcome. People don't learn unless you obliterate their life savings.
I don't think these people would have risked their hard earned careers are credibility over this. They were academics. They most likely bekeived their golden boy to be a visionary genius and let him get away with everything.
Question: if the business owner did not spend the money lost, where did the lost money go? If the business owner did use up the lost money, wouldn't that be relatively easy to prove (and partially recover)?
@@sethaldrich6902 so it's not really gone, right? just went to someone/somewhere else. i want to understand it too when they use the term "lost". i imagine that since IT is money, someone loses it = someone gains it.
You deposit money with FTX, they transfer (or steal) it to their investment fund and buy some shitcoin which then collapses. The money is in the hands of whoever sold the shitcoin, and there is no recourse to get it back. Of course there are many other, more complex, ways FTX "lost" the money but the principle is the same.
We know how the Dem party and various Dem politicians have $40+M at least. Since political donations are tracked, that would be a good place to start.. 😡
It’s a big messs sure but let me get this straight. SEC fines BlockFi $100mm because they aren’t allowed to issue interest bearing products without registering in the USA so they can’t enroll new customer but can keep their current customers? SEC, if they did something illegal why are they keeping the existing illegal accounts? Customers, if the accounts are illegal why didn’t you close them? Greed, right?
I won’t be satisfied until every cryptocurrency exchange and hedge fund goes bankrupt and cryptocurrencies go to zero. At that point it might be possible to rebuild the system from the ground up.
@@BlackJesus8463 always was. No product, no service, no customer except the next guy playing a greater fool speculative investment gamble. You'd be better investing in ACTUAL acorns because at least SQUIRRELS have a use for them and native indians could make food from them (although a drawn out process).
We love to see it! The bubble must burst so we can do meaningful work. It happened with Dotcom, it happened with IoT to a lesser degree, and it's happening here.
@@samsonsoturian6013 oh of course. Tbh I'm neither bullish nor bearish on blockchains and web3 because it's not my area of expertise. My background is in physical chemistry and materials science. So on that front, I'm just watching and seeing what happens. But I did notice the bubble trends.
Block chains are a 1970’s solution looking for a problem to solve. Web3 is digital cancer that is intended to take the single good thing about digital data (infinitely reproducible at 100% fidelity at near 0 cost) and destroy it. The purpose is not even to benefit the creator as with copyright, it is just line goes up. Why does line go up? As long as there are bigger idiots who will overpay even more they can buy and sell to each other at inflated prices.
It’s crazy how ppl trusted these ppl most being young just outta college with all they life savings and all they money play stupid games win stupid prizes 😂😂😂
anyone who put most or all of their savings into these platforms deserves to lose their money. greedy idiots didnt even realize they were easily ripped off with no recourse. good job!
The genius of SBF is that he created such a convoluted scheme, it is impossible for the average jury to understand what happened. The jury instructions appeared to be internally contradictory in several places. Unable to use reasoning, the jury determined SBF sounded sympathetic and they let him go. SBF complained all he had was $100K in his bank account. But no matter how much money he withdrew from his bank account, it always had $100K in it.
I think most juries can understand that commingling is stealing and that you go to jail for stealing, whether $8,000 or $8,000,000,000. I think you still go to jail for stealing. I'm a registered taxpayer. If I'm on the jury, he's going to jail.
imagine lending your ultra valuable bitcoin that appreciates on average 200% pa to "earn" 6% return bitcoin an asset that is deflationary and appreciate over time by literally doing nothing. WHO THE HELL ARE THESE PEOPLE?
Bernie Madoff was in cuffs within 24 hours of telling his sons about his scheme. Our golden boy here gets to sip drinks and go on a fucking press tour lmao. The connections are strong with this one, yes.
Come on guys! It's not his fault! He just wasn't paying attention! Corporations are people too! I hope he rots in jail, because if it wasn't on purpose it was at least negligence and you can't take people's life savings and just expect to get away with it.
Why run sha-256 twice and look for leading zeros? Even without improving bitcoin you can parametrize different bit lengths, constants, hash functions etc to make more ”different” coins than there are atoms in the universe. There is no centralized anything to prevent this. Better ”coins” will also be invented and any popular coin will eventually asymptotically approach zero.
Bitcoin was born in and grew out of the mess that was 2008. Now cryptocurrencies themselves are going 2008. If people weren't going into these altcoins (s***coins) and stuck with BTC then we all might be more stable today.
doubtful as anything completely unregulated & perfectly catered for nefarious activities may be what are actually keeping such a digital currency going so far, but entirely possible w./advancements of quantum Q-bits to target b.t.c. as an endgame whitepaper lab test.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
I have seen loads of news of *TERESA JENSEN WHITE* on the internet, she must really be that good for she to be talked about in such a way. Is she on TH-cam? please how do I reach her
AFAIK blockchain is great for storing data so it may have future. However cryptocurrency is currency whose value is based only on market and thus very fragile. Because of that cryptocurrency will never have bright future.
Australian cryptocurrency exchange Digital Surge goes into administration. Australian cryptocurrency exchange Digital Surge has collapsed into administration, with its 30,000 Aussie customers unable to trade or withdraw money.
Great video. you've remind me of what someone once said❤ Making money is an Action, keeping money is behavior, Growing money is Knowledge. I once attended seminar and ever since then i been waxing strong financially, and i most tell you the truth.
@@velenziajohn7955 Haha you don't have to be surprised Mrs Lauren is really good and everyone loves genuine services,she helped me recover what I lost trying to trade on my own.
![TEEDEE TADA - DIAMOND NARAKORN X LEGO LYKN [Special Dance Performance]](http://i.ytimg.com/vi/QgtZedFeumA/mqdefault.jpg)
When you make something out of thin air dont be surprised when it vanishes into thin air
"pure 100% rancid rat fart" - W. Buffet
Pray that SBF finds himself in jail. He is absolutely lying when he says "I don't know the details..." Unreal. Doesn't know a detail about any part of his business? Absolutely impossible.
He has been coached by lawyers to go out and do the media cycles......trying to explain it was simply an error...not fraud...no one believes him. I'm sure he has hundreds of millions stashed in offshore accounts for use in future
Ignorance doesn't exonerate
@@smartturkey123 Absolutely correct but sadly I don't think that SBF will go to jail.
I think he will. He has nothing left to give, no way to continue making massive sums of money, and anyone who helps get him in jail can score big political points. Corrupt sociopaths will turn on each other the moment they stop being useful, and the only things keeping him free now are the Bahamian government and his willingness to give the prosecution big piles of ammo in a desperate attempt to win in the court of public opinion.
The only reason he isn't in jail is he still has hidden money. They wants it my precious.
I mean. That is what I would say if I was a cynical person. Being cynical is bad? Because reasons?
Buffet was right from the start. If the investment doesn't produce anything and relies only on the next buyer for profit, then it is a hustle
thats ponzi lul
That's right. These 'assets' have no inherent value or utility. It truly is the bigger sucker mentality.
That's called a pyramid scheme....
What is the internet Valie of USD ?!?? It s mostly not backed by anything…. Let s say it s good , what is the inherent value of Gold ?!? It s a shiny metal and can be used to create computer chips and jewelry… great … what is the inherent value of btc ?!? It s the trusted network not controlled by any one entity like SBF or HSBC , so you can feel safe that no one is messing with the books …. You might not find this value proposition valuable to you personally, hence there is no such thing as internet value .. there is subjective value … which is basically the debate between kensyan school of economics and the Austrian school of economics….. the failure of FTX only proves the original mission of BTC , don t trust , verify … people get scammed because of greed not because of blockchains
Old money still wins
SBF bailed them out so he could seize their assets for his own purposes.
That good ol' effective altruism at play. SBF wanted their assets to, you know, "help people"
@@sassagrass7095 involuntary donation
what "assets"???
I think tulip bulbs will make a great comeback this year.
I wouldn't be surprised !
At least with a tulip bulb you get SOMETHING!!
Landscaping can increase the home value. 🌷
I still dont get why anyone could take sbf seriously.
He never has the answer to questions, and when trying he stumbled over his own words.
Because people are stupid, greedy and gullible
That brings to mind someone else we all know.......Our sir Brandon.....Guy can't answer any question and stumbles even from cue cards.
Who would have thought that investing in something without actual value, in companies that are outside legislation, run by inexperienced nerds and incompetent management could go bad ?
¯\_(ツ)_/¯
Well! Of course FroogCoins and ScamTokens have actual value! It's called "the Greater Fool Theory".
Inexperienced.. Incompetent.. You still don't get it, do you ? They are extremely experienced and competent in scamming and getting away with it. In fact pretending to be inexperienced and incompetent is their defense tactic.
@@AG-ig8uf well if they skilled than they could have made money running it properly.
@@jantschierschky3461 They made billions, now they working on getting away with them. That is literally what SBF is trying to achieve with all these interviews - convince everyone, most importantly future prosecutors, that it was simply his incompetence and inexperience that caused collapse, not carefully planned sophisticated scam that it was. Former involves much lighter charges and probably just fines, latter causes criminal conviction.
Great due diligence by investors
This proves that not having a central bank can be as problematic as having one. The contagion spreads like wildfire.
These scams do not prove that central banks work, they only prove that fraud doesn’t work
A central bank can at least forcibly amputate and stabilize a collapsing region.
@@Cowboyking92 the greedy call foul to escape from the system, only to be greedier leading to their own downfall
@@Kiem_Khi Evidently, this is true.
Everything should be in moderation. Extreame on both ends is a recipe for disaster
Tough lesson for these people to learn. You don't invest/trade an asset that has no inherent utility or value. Any 'value' it has can evaporate at a moment's notice.
In a decade, people will forget this ever happen, and history will repeat themselves.
Did you watch the video?
The problem is herdmentaliy, greed and incapacity to actually think. You got paid morons on TH-cam telling you to invest in things that nobody actually really understands. There is a reason why people who are actually successful look at shares with clear records and accountability.
At least when Tulips went bust you could still plant the bulb and enjoy the flower. 🌷
There is no truly safe investment. There is just the risk/reward aspect. And the current economic climate produces more risk than people realise.
So I happy I was broke till a month a go, I was desperate to get money in blockfi and FTX cause of all these TH-camrs pushing them.
The musical chairs continue... Funds just being shuffled around and around as one cryptocurrency goes down after another.
In a normal business the boss spends 50% of his time concentrating on the money coming in and 50% of his time concentrating on money going out. SBF says he was not spending any time concentrating on accounting for the money coming in. OK, fine. So that means he spent 100% of his time concentrating on the money going out of the business. Right? No? So, according to SBF, he didn't spend any time on anything at his company. Right.
L.O.L. - League of Legends & screwing his little minion nerd chic on meth
His spending his time hiding the money lol
He will claim he is an autistic wunderkind - just to stay out of prison!
League of Legends.
All these related stories are amazingly funny. And so predictable. Where are all the geniuses now?
We sold off on the ride up for massive gains because we've seen the cycle several times now. We will do it again in two years. As you say, it is so predictable.
Wow. Andrei talked about he was never connected to FTX. Then told subscribers to deposit money into blockfi in the "apology" video. Now he needs to create an apology for the apology video.
@FriedIcecreamIsAReality it's a scam bot
"I'm going bankrupt"
"I'll loan you half a billion"
"Great thanks"
"Yeah......just loan me a billion first"
sounds like some shit my ex would say.
🤣
Wait.... What??
Solyndra ?
reminds me of Jack trading his cow for magic beans
Only difference is here they put Magic Mushrooms in the liquidisor.
Sbf is never going to jail. He played the game masterfully. Pay all the politicians and powers off so there forced to go down with you if you go down
Unfortunately you right, hope someone knocks him off so
I say if you are chasing all these new companies in hopes of making money, you deserve what you get.
They are in the same business as you, chasing money.
Isn't it on you to be a lil responsible with who u trust and what risk you take?
it's just not "cool" to listen to older, wiser, solid billionaires like Warren Buffet or read into his whitepapers, that's all boring jibber jabber to get rich quick mellenials makes no sense.
@@1digitalsmith There is truth in the idea of getting rich quick but no one ever talks about you losing your riches even quicker when chasing such lunacy lmao
Yes.
The first thing an investor should know is what constitutes a reasonable rate of return. Only a complete dolt would invest real money without knowing this.
Infinite money glitches aren't real. If you're hoping to profit by scamming the next guy but end up holding the bag, you deserve what you get.
Thank goodness I decided to get my money out of Blockfi back when they got in trouble with the SEC. Still have about $90 left in due to block visa rewards but I won't miss it if it vanishes.
Hilarious that it was all these same companies with ad spend everywhere now overnight gone.
I don’t think the SEC is much of the blame here. Tough to push regulation when everyone was making money! The perfect storm just arose
Unfortunately u are right. As long as the money comes in then it doesn't matter as long as u get a fine aka kickback
“Everyone was making money” that’s the precursor to ever financial crime/collapse in history 🤣. Dot com, Enron, 2008 mortgage crisis, bernie maddoff, you name it. As long as the money flows in the questions are less audible.
@@usefulprogrammer9880 … yea, that’s kinda how this stuff works lol
As a taxpayer, i would like if SEC increases the fine. If more fine where put on FTX, taxpayers will benefit as most FTX monies will go to taxpayers instead of investors. To me, government should be efficient, and maximise fines especially to corporations like this.
How do you regulate what is in the final analysis fairy dust "currency."
These guys are learning from politicians, on how to answer questions at an inquisition…(shaking my head)
The saga of Sam Bankman-Fried should be a required read for all MIT freshmen.
Yes they will try to copy him.
Still waiting for tether to fail. It has to anytime now
Excellent review. Thanks
I pray that he DOESN'T go to jail --- it would possibly scare away the next "decentralized disaster" and i LOVE THESE TRAIN WRECKS
This was a centralized platform. It wouldn't have happened if it was decentralized.
@Clinton i assure you that every person that lost money was chasing that Decentralized Dream of the Get Rich Quick fallacy 👍
But sure I'll give you a point for the "technicality" if you agree that stable coins aren't stable 🤣
I'm binging on popcorn at the moment. It's not over. I'm tired of laughing. Stop it, please!
If the SEC protected people by destroying FTX, Blockfi and the like, they'd have been accused of killing perfectly healthy and legitimate businesses because they challenged the USD with an alternate, international and superior fiat currency. They'd have been accused of acting like mobsters smashing the shop fronts of rival businesses. This is the necessary and best outcome. People don't learn unless you obliterate their life savings.
From young genius to I don’t know nothing in a few minutes. 😂
finally i can afford good graphics cards for actual real productivity in a real world application for the betterment of my skills & humanity
"Only when the tide goes out do you discover who's been swimming naked."
His corrupt family is dictating what he says now... Look at the family, this was a long con..
I don't think these people would have risked their hard earned careers are credibility over this. They were academics. They most likely bekeived their golden boy to be a visionary genius and let him get away with everything.
Question: if the business owner did not spend the money lost, where did the lost money go? If the business owner did use up the lost money, wouldn't that be relatively easy to prove (and partially recover)?
Nope, it's gone, as with the case with alot of computer things, easy to hack and move money around so it's untraceable.
@@sethaldrich6902 so it's not really gone, right? just went to someone/somewhere else. i want to understand it too when they use the term "lost". i imagine that since IT is money, someone loses it = someone gains it.
You deposit money with FTX, they transfer (or steal) it to their investment fund and buy some shitcoin which then collapses. The money is in the hands of whoever sold the shitcoin, and there is no recourse to get it back. Of course there are many other, more complex, ways FTX "lost" the money but the principle is the same.
@@ayamTondoBoy not all is gone, a lot of coins have been lend, while the one they have lost all the value because they were printed by themselves
We know how the Dem party and various Dem politicians have $40+M at least. Since political donations are tracked, that would be a good place to start.. 😡
It’s a big messs sure but let me get this straight.
SEC fines BlockFi $100mm because they aren’t allowed to issue interest bearing products without registering in the USA so they can’t enroll new customer but can keep their current customers?
SEC, if they did something illegal why are they keeping the existing illegal accounts?
Customers, if the accounts are illegal why didn’t you close them? Greed, right?
No risk no reward
Deregulation looks great
That's why you don't risk more than a small percentage on any one trade. Regulation isn't a replacement for personal responsibility.
I had BlockFi, glad I stopped using it 6 months ago.
😂😂 Love your title, I didn't know the expression
That famous Corolla is becoming world's most expensive car.
I won’t be satisfied until every cryptocurrency exchange and hedge fund goes bankrupt and cryptocurrencies go to zero. At that point it might be possible to rebuild the system from the ground up.
Blockchain will always be $h!t.
@@BlackJesus8463 always was. No product, no service, no customer except the next guy playing a greater fool speculative investment gamble. You'd be better investing in ACTUAL acorns because at least SQUIRRELS have a use for them and native indians could make food from them (although a drawn out process).
Put glasses on Sam Bankman Fried, and it's Pat!
From Saturday Night Live. When it used to be funny.
Thank you for another great video
I heard Chuck E. Cheese tokens will double this next year… for those who like investing in dumb coins 😂
6:51 SBF has a slashed throat, iv seen that shit
Rumour is out that space is been made alongside Jimmy Hoffa to accomodate Sam B. F. 🤔😏
In banking, probably not. In cyber security, I wouldn't be surprised if it had a future there.
That's why I put all my money in Radio Shack stock.
If I default on my mortgage, the bank can do what?!?
Take your house
We love to see it! The bubble must burst so we can do meaningful work. It happened with Dotcom, it happened with IoT to a lesser degree, and it's happening here.
The tech bubble had a real revolutionary tech involved......
@@samsonsoturian6013 oh of course. Tbh I'm neither bullish nor bearish on blockchains and web3 because it's not my area of expertise. My background is in physical chemistry and materials science. So on that front, I'm just watching and seeing what happens. But I did notice the bubble trends.
Block chains are a 1970’s solution looking for a problem to solve. Web3 is digital cancer that is intended to take the single good thing about digital data (infinitely reproducible at 100% fidelity at near 0 cost) and destroy it. The purpose is not even to benefit the creator as with copyright, it is just line goes up. Why does line go up? As long as there are bigger idiots who will overpay even more they can buy and sell to each other at inflated prices.
If the purpose of the FTC is to protect investors, how is it reasonable for it to compete with retail investors for the remaining assets?
*SEC
He won't go to jail.
I’ve had enough of get rich quick schemes, this time I’m going to get rich, and quick!
What? Blockfi going bankrupt too? Damn
Wondering if Robinhood will be the next to get hit.
no
You’re a great teacher
Just a month late to the show 😂
Orthogonal Trading Goes T*ts Up
Tulips 🌷 ponzi. go poof 😂
It’s crazy how ppl trusted these ppl most being young just outta college with all they life savings and all they money play stupid games win stupid prizes 😂😂😂
People that believe in cryptocurrency is the same people that believe Monopoly money is real money… rest my case
anyone who put most or all of their savings into these platforms deserves to lose their money. greedy idiots didnt even realize they were easily ripped off with no recourse. good job!
How is Bitcoin still at $16,000!? It should be fairly valued at $1,000.
It should be at 0
Cartels
It's worthless. Should be zero.
it's all the shady nafarious activity keeping it afloat no doubt its perfect for all of that shit
0*
Another one bites the dust.
The genius of SBF is that he created such a convoluted scheme, it is impossible for the average jury to understand what happened. The jury instructions appeared to be internally contradictory in several places. Unable to use reasoning, the jury determined SBF sounded sympathetic and they let him go. SBF complained all he had was $100K in his bank account. But no matter how much money he withdrew from his bank account, it always had $100K in it.
I think most juries can understand that commingling is stealing and that you go to jail for stealing, whether $8,000 or $8,000,000,000. I think you still go to jail for stealing. I'm a registered taxpayer. If I'm on the jury, he's going to jail.
imagine lending your ultra valuable bitcoin that appreciates on average 200% pa to "earn" 6% return bitcoin an asset that is deflationary and appreciate over time by literally doing nothing. WHO THE HELL ARE THESE PEOPLE?
You get 6% more bitcoin every year
Isn’t it misleading to put a $ sign in front of any of these assets? That’s where the scam starts
Coinbase is next?
BlockFi took PompIiano’s hairline
Ooof
SBF shaking like a leaf, when he is lying.
Sbf sounds every day more like Todd Howard.
funny how people don't want the gov involved until they lose money. then they want to know why the gov didn't do anything about it.
SBF reminds me of Billy McFarland
tulips...you can eat them
ye is right about them.
Bernie Madoff was in cuffs within 24 hours of telling his sons about his scheme. Our golden boy here gets to sip drinks and go on a fucking press tour lmao. The connections are strong with this one, yes.
It's the blockchain bro, it's the future! You boomers just dont get it!🤣
I am a boomer and I never understood, however I thought it to be too risky. so my investment is in shares.
WSM you've become the go to place for the latest financial news.
Come on guys! It's not his fault! He just wasn't paying attention! Corporations are people too! I hope he rots in jail, because if it wasn't on purpose it was at least negligence and you can't take people's life savings and just expect to get away with it.
He will claim he is autistic or something else to avoid jail. He is one weird guy.
We still need to find out if Tether is another liar coin.
That profile picture ,says alot about you. Clown world you live in. Belive anything from massmedia🤣
None if these coins or exchanges do anything that are gonna give tou 8 percent returns. Truthfully there should only be like 5 coins or just bitcoin.
Truthfully, there shouldn't be any of this nonsense.
Why run sha-256 twice and look for leading zeros? Even without improving bitcoin you can parametrize different bit lengths, constants, hash functions etc to make more ”different” coins than there are atoms in the universe. There is no centralized anything to prevent this.
Better ”coins” will also be invented and any popular coin will eventually asymptotically approach zero.
What are this Odds the SEC let this happen to promote the Fed’s centralized digital currency plans.
Man risked it all for a girl that looks like the personification of a slug
George is mad af. That guy has been promoting blockfi and has his btc in blockfi LOL😂
Bitcoin was born in and grew out of the mess that was 2008. Now cryptocurrencies themselves are going 2008. If people weren't going into these altcoins (s***coins) and stuck with BTC then we all might be more stable today.
doubtful as anything completely unregulated & perfectly catered for nefarious activities may be what are actually keeping such a digital currency going so far, but entirely possible w./advancements of quantum Q-bits to target b.t.c. as an endgame whitepaper lab test.
Only a disaster if you didn't have a good exit strategy 😎
reverse repo
Lmao What a mess.
Q:Hey have you heard about FTX yet?
A:yeah it's old news.
built on a lie never works out well.
what SEC failure? No one ever said SEC backed or regulated any of this lol yall knew that smh
He was actually called out that what he was doing is a Ponzi scheme ever since he's hot stuff among investors. Not many listened.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well
what i think you need is a Financial Adviser, who can help you get in and out of any stock you buy at any time and you'd sure be in Profit
*TERESA JENSEN WHITE,* That's whom i work with
I have seen loads of news of *TERESA JENSEN WHITE* on the internet, she must really be that good for she to be talked about in such a way. Is she on TH-cam? please how do I reach her
I can’t drop her info here, TH-cam is a public place. Just do a web lookup using her full name and connect to her official webpage.
Mark Madoff=SBF
Who is Mark Madoff? There was a Bernie Madoff who ran a Ponzi scheme.
AFAIK blockchain is great for storing data so it may have future. However cryptocurrency is currency whose value is based only on market and thus very fragile. Because of that cryptocurrency will never have bright future.
I hope binance is next
That cheap wig does nothing for his image.
Can't SBF get a haircut and a new shirt?
If I had Blocking account, the day FTX bailed it out, I would have with drawn all my money.
Australian cryptocurrency exchange Digital Surge goes into administration.
Australian cryptocurrency exchange Digital Surge has collapsed into administration, with its 30,000 Aussie customers unable to trade or withdraw money.
Great video. you've remind me of what someone once said❤ Making money is an Action, keeping money is behavior, Growing money is Knowledge. I once attended seminar and ever since then i been waxing strong financially, and i most tell you the truth.
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
This must be an investment with Mrs Lauren James
@@grantben5898 I'm just shocked you mentioned Lauren James thought am the only one trad¡ng with her
@@velenziajohn7955 Haha you don't have to be surprised Mrs Lauren is really good and everyone loves genuine services,she helped me recover what I lost trying to trade on my own.
8 billion goes missing. 30 y o wonder kid. Gee i wonder where it went??? Lies. He knows