GAMESTONKS II - Full Faith and Credit in Memes

[Spicyryan]

After silently stealing a shit ton of funds from users to prop up his hedge fund. Mr Bankman-Fried is filing bankruptcy.

https://twitter.com/SBF_FTX/status/1...di6munE6g&s=19

[Spicyryan]

I can't even...

https://twitter.com/Loopifyyy/status...SysOyUOVw&s=19

[Gwynplaine]

FTX was not a "very obvious Ponzi".

All crypto is an obvious scam.

[Spicyryan]

All crypto is an obvious scam.

So is the Stock Market then. To which I am sure someone is going to react like I have two heads, but if we look to the GME short squeeze. That among other blatant manipulation in general, but naked shorting is pervasive in the financial industry. Given that the penalty for these illegalities is simply a fine to the entity. Meaning that pensions, 401ks, IRAs, etc could have unknown quantity of stock that doesn't actually exist in their valuations.

Whether you think crypto has value or not doesn't matter because this was a real company. Once which won the auction for Voyager's assets after it, a publicly traded company, went insolvent from not doing its due diligence and giving out an uncovered loan to the Three Arrows hedge fund. Which it could not handle being defaulted on after the hedge fund absolutely exploded, which is another story. Crypto having value or not to you personally doesn't matter when we are discussing physical companies. They could make money off of Pet Rocks for all it matters because they are in the business of exchanging value. For example, Coinbase, another publicly traded exchange has billions in cash reserves. FTX did not, but no one could have known that the CEO wrote a backdoor in the code, and stole billions of user assets with no report or notification being created. All to back up their personal hedge fund after bad choices. That is what makes different.

[Mrbeansman]

Reminder that Spicy shits on dems for not doing enough to protect the environment while stanning crypto.

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[Zealot]

The stock market is also clearly a scam, but it has failsafes in place so that no one can get scammed too hard and you can even face consequences if you run a scam that's too obvious.

[Spicyryan]

Reminder that Spicy shits on dems for not doing enough to protect the environment while stanning crypto.

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Your ignorance is so obnoxious.

The stock market is also clearly a scam, but it has failsafes in place so that no one can get scammed too hard and you can even face consequences if you run a scam that's too obvious.

There needs to be regulations in the space. However, there are consequences for these illegalities. That is why these people flee the country afterwards.

[6souls]

https://twitter.com/ariehkovler/stat...66479180349440

Great thread

[mallister]

It's really funny, because when one of my coworkers says something zany, 100% of the time, I have either just read about it being 100% bullshit or like now, read about it here 10 minutes after the conversation.

[6souls]

FTX orgies confirmed





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[Spicyryan]

FTX orgies confirmed





Register to see the NSFW content

None of that is an orgy nor is it even evidence of one as far as I can tell.

[6souls]

quote is from the female pictured. there has been rumors of orgies since all of the FTX leads had reportedly dated each other.

https://www.reddit.com/r/Buttcoin/co...rue_post_from/

[Meresgi]

None of that is an orgy nor is it even evidence of one as far as I can tell.

Honestly looks like a kink event possibly, who knows. I was poly for 7yrs and was in the kink scene for 5. Tons of naked people all over the place and all the events I went to never were orgies, though there were orgies they were also declared as such on event calendars so you knew what you were getting into. The non-hierarchal poly setup is one of many and works for a good chunk of folks but usually people who are younger and don't want a stable nesting partner or anyone even remotely setting any rules for them. My ex was one of those types, it was tons of fun for awhile but at least with her I slowly realized she was just selfish and wanted an excuse to sleep around while also being "in a relationship" which I didn't mind, because I was dating other people too.

[Spicyryan]

quote is from the female pictured. there has been rumors of orgies since all of the FTX leads had reportedly dated each other.

https://www.reddit.com/r/Buttcoin/co...rue_post_from/

Yeah, but the quote doesn't mention anything to do with FTX, and the pictures are immaterial without anything tying context in.

[NynJa]

He mad he wasnt invited to the orgies.

[Spicyryan]

He mad he wasnt invited to the orgies.

When the people look like that? No thanks.

[Zealot]

Man I never get jobs at the orgy places.

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[NynJa]

Zealot at the orgy be like "Alright everyone stop fucking, STOP FUCKING FOR A SECOND. Will all women whos names start with F X or Z please come see me at the south-west wing, women whos names start with F X or Z to the south-west wing, thank you, carry on"

[Zealot]

That's absurd! I would never.

I already have an F, I would ask for a G or an O.

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[Meresgi]

That's absurd! I would never.

I already have an F, I would ask for a G or an O.

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Why stop at one F?