Another one bites the dust. Crypto miner Core Scientific to file for bankruptcy today.
https://www.cnbc.com/2022/12/20/bitc...ep-mining.html
Next: Argo Blockchain.
Someone who lies about the little things will lie about the big things too.
Form an orderly queue please.
Greenidge Generation Executes Term Sheet with Secured Lender NYDIG Regarding Debt Renegotiations; Provides Liquidity Update
https://www.prnewswire.com/news-rele...301706932.html
Wish I'd gone with my gut feeling way back.. knew there was no way prices could stay like they were, and I came close to cashing out so many times. Now I can't bear to lose what I have on the off chance it might recover somewhat so I may as well just let my small investment either do something in a few years, or slide into oblivion.
Any recommendations for hardware wallets?
'Not your keys, not your crypto' seems to be more true than ever at the moment.
Bought into BTC for the first time today, the fallout from SBF's arrest looked like a possible bottom.
Last edited by J J Carter; 21st December 2022 at 21:32.
Argo Blockchain +80% because ...... they are not yet declaring bankruptcy.
Suppose we are counting this as good news and determine they will live to see 2023. Whether they live to see February of 2023, to be determined. Maybe will be worth another +80% at the time, from whatever base they will be trading on that day.
Meanwhile, Saylorman buys another $42 mio worth of bitcoin, can't help but note that he is already more than 8% under water the day they announce it; and somehow I also have the feeling that he used to be in command of bigger bags pockets last year....?
How is this POS is still trading at $140 per share? It's a clean zero.
Someone who lies about the little things will lie about the big things too.
Ah, but they're also doing some of that clever tax stuff as well.
• On December 22, 2022, MacroStrategy sold approximately 704 bitcoins for cash proceeds of approximately $11.8 million, at an average price of approximately $16,776 per bitcoin, net of fees and expenses. MicroStrategy plans to carry back the capital losses resulting from this transaction against previous capital gains, to the extent such carrybacks are available under the federal income tax laws currently in effect, which may generate a tax benefit.
• On December 24, 2022, MacroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash, at an average price of approximately $16,845 per bitcoin, inclusive of fees and expenses.
https://www.microstrategy.com/conten...12-28-2022.pdf
Note also from the same filing that they still seem to be finding people willing to purchase new shares from their previous off the shelf arrangement to fund it.
Might I suggest that a regular dose of Jemima helps in keeping a grip on reality?
https://twitter.com/jemimajoanna/sta...55366201446400
https://www.ft.com/content/bd850edf-...9-e0da314f5729
or
https://archive.ph/vr4AC
Last edited by petethegeek; 28th December 2022 at 21:51. Reason: Added archive link
Another one bites the dust: Solana. The most useless and buggy protocol in all of web3. The spiral of death has started, it will now first consume a few rounds of dip buyers until it hits close to zero.
Good to see yet another project backed by a16z going to the dogs, how long until everybody realises what morons they are?
Someone who lies about the little things will lie about the big things too.
I never really understood NFTs...it always seemed like investing in an even more worthless digital asset than BTC, one that had nearly no liquidity. Seems that is the case...
https://www.theguardian.com/technology/2022/dec/29/unsellable-worthless-nfts-tax-write-off
Completely agree that NFT JPEG’s were worthless, but completely disagree that the NFT concept is worthless. To have an indisputable record of ownership of an asset and the ability to transfer the asset peer to peer, without intermediary is very important and will be the basis, I believe, of a lot of proof of ownership going forward
It’s just a shame the concept got known by the buying and selling of jpegs
I imagine Land Registry as an example of what could be on an NFT blockchain, DVLA etc etc
Nobody more bearish on Crypto than Joe -
More and more uses coming online. It’s great technology for many things.
https://www.yahoo.com/entertainment/...wOSJ1R5KxMJTm5
Oh look, here is a use case:
Investors convert ‘totally worthless’ NFTs into tax write-offs
https://www.theguardian.com/technolo...-tax-write-off
Someone who lies about the little things will lie about the big things too.
You still owe fifty ;=)
(Hope yr well Raffe, just passing through)
You to me, from around 2019 ish.
Its in DM's, and its my bad for not collecting, which I'm not seeking to do now.
Look at the adoption curve for the World Wide Web, rather than the internet. Within a decade we had Google, Amazon etc.
The 'technology' of blockchain has been around for 40 odd years, Bitcoin is just an implementation of it, much as WWW is just a protocol on the internet.
No idea what you are talking about. E-commerce was huge in the 90s already.
If there were any efficiencies to be raised with blockchain, it would have happened a long time ago.
And don't get me started on Bitcoin: it's not money, it's not an investment. It's a phony something that is built on a questionable right-wing philosophy of small government/tax avoidance. It's only purpose is to to transfer wealth from the public to a circle of insiders, who have amassed enormous riches along the way and are baiting the latecomers into the belief that they can also become fancy rich by buying into the cult after it went from a fraction of a penny to $50,000. How stupid do you have to be to believe that?
https://twitter.com/Van00sa_/status/1609380796619698178
Last edited by Raffe; 1st January 2023 at 19:45.
Someone who lies about the little things will lie about the big things too.
I have yet to find anyone that is ignorant about blockchain and cryptocurrency that isn’t, well, ignorant.
To have an opinion after reading one or two articles from some spurious media outlet is foolish.
Study. Read. Learn.
Then come back with an opinion.
This is as big as the internet. That was a revolution; a democratisation of information.
This is the democratisation of value and provenance.
Only time will tell, but people (unfortunately) value money over information. So it will likely be bigger.
I've found that advocates always assume that people making counterarguments don't understand blockchains. They are pretty simple to understand. They just aren't particularly useful. If they were, someone would have found plenty of uses for them in the last 40 years.
I'd love to hear your thoughts on why you think this is 'bigger than the internet'.
Study. Read. Learn.
Last edited by Raffe; 2nd January 2023 at 08:32.
Someone who lies about the little things will lie about the big things too.
The BTC white paper was published in 2008…15-years ago. All I see so far is a ponzi scheme/gambling opportunity based on people’s desire to get-rich-quick. That and people sounding almost religious saying “it’s coming”.
Yep, I'm up for it, 100 quid even
Sent from my XQ-CQ54 using Tapatalk
It's open season in the land of ponzi schemes: Winklevoss twins vs Barry Sibert in the fight for exit liquidity. Loving it.
Gotta love Cameron posing as the defender of single moms and school teachers. Wondering what he will make up when he realises Barry has no intention paying back his money? I am so here for this sh1teshow.
Last edited by Raffe; 2nd January 2023 at 21:02.
Someone who lies about the little things will lie about the big things too.