Makes sense to me...given the expertise needed to build and run that farm I wonder how they found someone that stupid to present it
Type: Posts; User: MB2
Makes sense to me...given the expertise needed to build and run that farm I wonder how they found someone that stupid to present it
We did some work with everledger who had some good backing and seem to still be around although I too can't agree with the "believers" who see the banana you buy being traceable on the block chain...
Going to be a bumper year for the insolvency practitioners although I suppose if you are going to have accounting black holes you might as lose untraceable currency even if its value plummets as you...
One of the auditors used by FTX, Ray pointed out, was not based in the real world, but was headquartered in the virtual reality metaverse. “I have substantial concerns as to the information presented...
Wow! And I thought xero made expenses easy...
You do wonder the knock on effect of all this borrowed money disappearing it can't all be "fun money"
He probably only deals in the future of money so boring USD are irrelevant to him.
World’s largest crypto exchange hacked with possible losses of $500m
https://www.theguardian.com/technology/2022/oct/07/binance-crypto-hack-suspended-operations
Doesn't the future of money have...
“The advantage of Lightning is not just that you could scale up bitcoin for billions of people, or drive the transaction cost to nearly nothing" still sounding awfully like the payments I already...
10 years of easy /cheap money and it's main use is probably still paying malware ransoms.
https://www.thetimes.co.uk/article/bitcoin-crypto-price-buy-invest-scam-jtn68pvt2
Is Bitcoin Just a Scam ? From the Times on Sunday.
It has always crossed my mind that all a fraudulent company would need to do is fake a ransom note, encrypt it's servers and then pay a "ransom" in untraceable BTC and then either go bust or retire...
Wow just watched that video - it is the Icelandic banks all over again without the bailout coming...
America’s biggest cryptocurrency exchange, Coinbase, began running a primetime television ad in the past fortnight featuring a single tweet: “Crypto is dead”.
The statement remained in the centre...
Good article in the Sunday Times about Crypto meltdown today.
https://www.thetimes.co.uk/article/5e13e226-ddf0-11ec-8b54-298329b42224?shareToken=eed7578af2148570b1bcebb6543fda8a
Probably pay...
After the initial IPO I don't quite see how the sale of shares (and increase of share price) helps the company at all - surely after that point it is all a Ponzi scheme really. The difference of...
Not sure "sorry to those affected" is the sort of apology I would accept if my bank lost all my money but I guess that's what makes crypto different.
I had forgotten the what's! Enjoyed watching that clip again.
I am guessing Pulp Fiction ?
If your short you have to give the stock back at some point. If it goes to zero presumably you never have to pay it back ?
Although the Fed does have 145m tax payers backing the USD.
I have seen ransom demands (encrypted servers) sending to protonmail ironic since they were ransom victims but not yet direct to wallet.
i wouldn't fancy paying/selling a car in BTC - particularly buying it as the BTC needed is very unstable vs the traditional currency for selling cars in. I can see Tesla might not mind but imagine if...
Whole article here about people with the same problem.
https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html
The HDD will be in landfill in China or torn apart...
I listened to the pod cast at last - quite incredible. It sounds like a small con that grew out of control - 110 bn estimated and possibly still running ! Given the people's lives she has changed I...
Although why would you pay for something with it that you can also pay for in another currency if you think your BTC holding will increase in value and your regular currency won’t ?
Sent from my...