Red Mosquito • View topic - bitcoin, the blockchain, and cryptocurrency

simple schoolboy · **Joined:** Wed January 02, 2013 3:41 am **Posts:** 5584

BurtReynolds wrote:

Fun thread

Embezzling customer deposits was informed by his *checks notes* ethical maximalism?

BurtReynolds · **Posted:** Fri November 11, 2022 7:19 pm

I've been out of the crypto game for awhile, but this FTX stuff is wild.

I wouldn't be keeping any money on these exchanges.

spike · **Joined:** Wed January 02, 2013 4:18 am **Posts:** 28068

BurtReynolds wrote:

I've been out of the crypto game for awhile, but this FTX stuff is wild.

I wouldn't be keeping any money on these exchanges.

BurtReynolds · **Posted:** Fri November 11, 2022 9:31 pm

Imagine thinking ethical behavior is a competitive advantage.

simple schoolboy · **Joined:** Wed January 02, 2013 3:41 am **Posts:** 5584

What kind of moves was Alameda Research making that lost so much money?

BurtReynolds · **Posted:** Fri November 11, 2022 11:12 pm

They look so good with money.

simple schoolboy · **Joined:** Wed January 02, 2013 3:41 am **Posts:** 5584

Cryptobro's valuation goes from $16B to $0 overnight, nature is healing.

96583UP · **Joined:** Sun September 15, 2013 5:50 am **Posts:** 22286

simple schoolboy wrote:

What kind of moves was Alameda Research making that lost so much money?

we shall find out over the coming months methinks

high level sounds like a combo of too much leverage, inflated collateral values, losses from LUNA collapse and 3AC-related fallout, and a hole that just kept getting bigger

crazy times

3X bigger than LTCM

but fortunately not linked to the TradFi system, so S&P 500 was able to have a 5% day on Thurs

fun times

BurtReynolds · **Posted:** Sat November 12, 2022 4:34 pm

It's always amazing to me that more people don't hear this type of rhetoric from celebrities, politicians, and other public figures and think, "oh this person is a sociopath and a hustler, and probably even a pedophile." Hope is eternal I guess.

simple schoolboy · **Joined:** Wed January 02, 2013 3:41 am **Posts:** 5584

BurtReynolds · **Posted:** Sat November 12, 2022 5:32 pm

96583UP wrote:

simple schoolboy wrote:

What kind of moves was Alameda Research making that lost so much money?

we shall find out over the coming months methinks

high level sounds like a combo of too much leverage, inflated collateral values, losses from LUNA collapse and 3AC-related fallout, and a hole that just kept getting bigger

crazy times

3X bigger than LTCM

but fortunately not linked to the TradFi system, so S&P 500 was able to have a 5% day on Thurs

fun times

I believe we've discovered an area of genuine interest to the numbersup account. How refreshingly human.

BurtReynolds · **Posted:** Sat November 12, 2022 9:52 pm

96583UP · **Joined:** Sun September 15, 2013 5:50 am **Posts:** 22286

BurtReynolds wrote:

96583UP wrote:

simple schoolboy wrote:

What kind of moves was Alameda Research making that lost so much money?

we shall find out over the coming months methinks

high level sounds like a combo of too much leverage, inflated collateral values, losses from LUNA collapse and 3AC-related fallout, and a hole that just kept getting bigger

crazy times

3X bigger than LTCM

but fortunately not linked to the TradFi system, so S&P 500 was able to have a 5% day on Thurs

fun times

I believe we've discovered an area of genuine interest to the numbersup account. How refreshingly human.

bro i lived in this world deep for like a year basically why i stopped posting here

stepped away a few months ago

this recent meltdown got my degen spirits all aroused

terrible lifestyle

but can’t look away

96583UP · **Joined:** Sun September 15, 2013 5:50 am **Posts:** 22286

BurtReynolds wrote:

maybe to get the breast augmentation he needs to make it through prison

lennytheweedwhacker · **Joined:** Wed January 02, 2013 3:21 pm **Posts:** 42085

96583UP wrote:

BurtReynolds wrote:

96583UP wrote:

simple schoolboy wrote:

What kind of moves was Alameda Research making that lost so much money?

we shall find out over the coming months methinks

high level sounds like a combo of too much leverage, inflated collateral values, losses from LUNA collapse and 3AC-related fallout, and a hole that just kept getting bigger

crazy times

3X bigger than LTCM

but fortunately not linked to the TradFi system, so S&P 500 was able to have a 5% day on Thurs

fun times

I believe we've discovered an area of genuine interest to the numbersup account. How refreshingly human.

bro i lived in this world deep for like a year basically why i stopped posting here

stepped away a few months ago

this recent meltdown got my degen spirits all aroused

terrible lifestyle

but can’t look away

What's your net worth?

BurtReynolds · **Posted:** Sun November 13, 2022 12:31 am

96583UP wrote:

BurtReynolds wrote:

96583UP wrote:

simple schoolboy wrote:

What kind of moves was Alameda Research making that lost so much money?

we shall find out over the coming months methinks

high level sounds like a combo of too much leverage, inflated collateral values, losses from LUNA collapse and 3AC-related fallout, and a hole that just kept getting bigger

crazy times

3X bigger than LTCM

but fortunately not linked to the TradFi system, so S&P 500 was able to have a 5% day on Thurs

fun times

I believe we've discovered an area of genuine interest to the numbersup account. How refreshingly human.

bro i lived in this world deep for like a year basically why i stopped posting here

stepped away a few months ago

this recent meltdown got my degen spirits all aroused

terrible lifestyle

but can’t look away

Yeah I got into obsessively watching charts for awhile and then I was like "wait, this feels like work".

Bi_3 · **Joined:** Wed April 20, 2016 7:11 pm **Posts:** 14212

BurtReynolds wrote:

It's always amazing to me that more people don't hear this type of rhetoric from celebrities, politicians, and other public figures and think, "oh this person is a sociopath and a hustler, and probably even a pedophile." Hope is eternal I guess.

So you're saying that ESG investing is actually a gigantic con designed to publicly shame and manipulate businesses into bowing to meaningless social justice causes that do nothing but enrich and entrench the power of the capitalist class? LMAO. Their brochures clearly say the opposite! LEARN TO READ!

simple schoolboy · **Joined:** Wed January 02, 2013 3:41 am **Posts:** 5584

Bi_3 wrote:

BurtReynolds wrote:

It's always amazing to me that more people don't hear this type of rhetoric from celebrities, politicians, and other public figures and think, "oh this person is a sociopath and a hustler, and probably even a pedophile." Hope is eternal I guess.

So you're saying that ESG investing is actually a gigantic con designed to publicly shame and manipulate businesses into bowing to meaningless social justice causes that do nothing but enrich and entrench the power of the capitalist class? LMAO. Their brochures clearly say the opposite! LEARN TO READ!

Small quibble is that this is "Effective Altruism", not ESG. ESG suggests he would actually be subject to some sort of regulatory framework.

tragabigzanda · **Posted:** Sun November 13, 2022 2:10 am

i believe that only publicly held companies are beholden to regulated ESG reporting, via the SEC

Bi_3 · **Joined:** Wed April 20, 2016 7:11 pm **Posts:** 14212

simple schoolboy wrote:

Bi_3 wrote:

BurtReynolds wrote:

It's always amazing to me that more people don't hear this type of rhetoric from celebrities, politicians, and other public figures and think, "oh this person is a sociopath and a hustler, and probably even a pedophile." Hope is eternal I guess.

So you're saying that ESG investing is actually a gigantic con designed to publicly shame and manipulate businesses into bowing to meaningless social justice causes that do nothing but enrich and entrench the power of the capitalist class? LMAO. Their brochures clearly say the opposite! LEARN TO READ!

Small quibble is that this is "Effective Altruism", not ESG. ESG suggests he would actually be subject to some sort of regulatory framework.

True in a sense, but the marketing pitch is the same: "Stanford grad discovers simple trick to absolve yourself of class guilt!". Though ESG requirements often come is as a condition of seed funding now-a-days.

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