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Goat commented Dec 12, 2022Wow, they actually got him.
Wonder what the charges will be, guess we'll find out tomorrow.
SBF Arrested by Bahamian Authorities
- Goat commented Dec 8, 2022
Where's the report on the environmental impact of these congressmen farting around all day.
Bitcoin Miners Forced to Report Energy Use in Proposed Bill
- Goat commented Dec 1, 2022
I think it hinges on FTX US. If Sam didn't commit any crimes on US soil, ie FTX US customers are made whole, he can't be extradited from the Bahamas. And the Bahamas will certainly do nothing to their hero. That makes him a free man in my ...
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Dec 1, 2022
Might Sam be an altruist after all?!?!?
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Dec 1, 2022
Yup. The story behind Alameda's losses is very complicated, but the story behind FTX customer losses is very simple: FTX let Alameda's account trade in the red.
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Dec 1, 2022
I'm going out on a limb here and predicting Sam will not see prison. He did some dumb shit and fooled a lot of people, but he did it from the Bahamas where such acts are not only legal, they're celebrated. I think it's more likely that someone from ...
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Dec 1, 2022
This is logical and realistic, but the Patrick Boyle explanation is a lot simpler, requires less fraud, and is more like other trading blowups where a broker or bank is carrying a huge unrealized loss. If Alameda was allowed to go negative on FTX ...
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Dec 1, 2022
I'm with you. Sam is a great actor. However, had I known he was running a prop desk out the back of FTX, I would have immediately known trouble was brewing.
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Dec 1, 2022
And if this^ is indeed the turn of events, FTX US customers will be made whole. The media's been conflating the FTX International and FTX US entities, but I'm pretty sure there's a firewall between them. Ie, the US regulators did their job.
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Dec 1, 2022
I'm pretty sure I understand what happened with the FTX blowup... 1. Alameda was allowed to trade on the FTX platform without liquidation constraints (ie no margin call) 2. Alameda's positions went bad. 3. Alameda's positions went from bad to worse, ...
Bankman-Fried: I don't know of FTX deposits being used to pay Alameda creditors -ABC News
- Goat commented Nov 25, 2022
Self regulation is more deceptive than no regulation. The ruse continues.
Binance Releases Proof of Reserves System
- Goat commented Nov 23, 2022
The most dangerous thing you can do in crypto is get between Sam and a stage.
Sam Bankman-Fried says he'll speak at New York conference
- Goat commented Nov 23, 2022
Calm down bro, the cover of The Economist doesn't count.
Has Bitcoin triggered a Magazine Cover Indicator buy signal?
- Goat commented Nov 23, 2022
Fascinating interview. Dude's like the realest trader in a politicians body. To my knowledge he's the only one to have legitimately sniffed out Sam.
CME Group CEO calls Bankman-Fried ‘an absolute fraud,’ says he saw trouble months before FTX...
- Goat commented Nov 23, 2022
Satoshi wrote a lot, but he never, EVER, talked about circumventing central banks. Moon bois will point to one of the few times Satoshi even mentioned central banks... “The root problem with conventional currency is all the trust that’s required to ...
Harvard paper to central banks: Buy Bitcoin!
- Goat replied Nov 22, 2022
Interesting. Now that it's a PoS, is it following other PoS coins, perhaps? I'd look myself but I don't have any platforms trashy enough.
Ethereum Trading
- Goat commented Nov 22, 2022
Despite having a death wish, she continues to live.
Cathie Wood's ARK Buys $1.5M of Shares in Grayscale's Bitcoin Trust at Record Discount
- Goat commented Nov 22, 2022
And to think, most of us are just trying to figure up from down.
Bitcoin Targeting $10K Before a 300% Rally?
- Goat commented Nov 21, 2022
I've been thinking about this $10K-to-$30K move too. Feels like there's some good odds behind it.
Bitcoin Targeting $10K Before a 300% Rally?