Binance, the world’s largest cryptocurrency exchange when it comes to volume, today announced it is “pausing” withdrawals from its own USDC magic cryptocurrency accounts after more than $2 billion was withdrawn in the last 24 hours, with $1.14 billion of that coming today.
It's like Dodge City with no marshall, sheriff, deputies, nothing --- when you visit, there's absolutely nothing between you and crooks who might steal from you except self-help.
And so the dance continues until the music stops , then the pied piper will be howling with delight, while the wails of the duped echo until no one cares. Money for nothing huh? Sure thing, step right up, have I got a deal for you.
All that's required now is for the revelation that Vladolf Putler, the Republican Party, and its donors were invested up to to their collective eyeballs into cryptocurrencies and NFTs - that would be Christmas gifs sorted for most of sane humanity.
As if a single one of them would have actually put any of their money where their mouths are though, right?
Rule numbers 001 in the contracts class l audited when my husband was enrolled in night law school school, some 48 years ago: “If it sounds to good to be true, it probably is.”
It always worked for me which is why Harry gave me first dibs on investment decisions. My best decision was to buy NYC municipal bonds when the city was facing bankruptcy. Bonanza.
And l have sustained his trust and my self confidence “the old fashioned way: ‘l earned it!”
My rule for investing is, don’t take unnecessary risks if you can’t afford to lose.
Thanks Lucian for continuing to follow this story. There is likely much more to come out. The mainstream media will be gone by then, and on to the next shiny thing - "Breaking News!"
Reminds me of those boys in 7th grade who set up a "Safe Box" for other boys to put their few dollars. I refused and was threatened with a beating. I laughed and walked away. They did not follow me. What impressed me was how many classmates gave money. They wanted to look cool and be accepted. In the end the principal put a stop to the Safe Box and earned everlasting hatred.
Nanny nanny billy goat. We’ll show them who’s the better team. However, Lucian, you promised not to go to cryptocurrencies anymore. Our collective heads hurt!
Hmm...Which political party is always howling about how regulations impede business?
The losers?
yes, but sometimes they actually win, usually with results that border on tragedy and sometimes results that are genuinely tragic.
It's like Dodge City with no marshall, sheriff, deputies, nothing --- when you visit, there's absolutely nothing between you and crooks who might steal from you except self-help.
They're giving the rule of law and regulation a good name. I'll drink to that!
Oh, what fools we mortals be...
Cryptocurrency bros are losing as badly as election deniers. Nice to see mainstream institutions on the rebound at last.
And so the dance continues until the music stops , then the pied piper will be howling with delight, while the wails of the duped echo until no one cares. Money for nothing huh? Sure thing, step right up, have I got a deal for you.
"Sir, there is an iceberg to the starboard side!! What shall I do?"
"Jump, man, jump!"
All that's required now is for the revelation that Vladolf Putler, the Republican Party, and its donors were invested up to to their collective eyeballs into cryptocurrencies and NFTs - that would be Christmas gifs sorted for most of sane humanity.
As if a single one of them would have actually put any of their money where their mouths are though, right?
Oh that would simply be so delicious!
This sordid story reminds me of Theranos, Elizabeth Holmes, and the blood testing scam that captured many supposedly smart people.
Including a couple of well-established businesses..Walgreen's for one.
Lots of smart people in that company, huh?
Doesn't look like it.
House of Cards, for real. Sounds like a good old-fashioned bank run. Watch the rest tumble.
Rule numbers 001 in the contracts class l audited when my husband was enrolled in night law school school, some 48 years ago: “If it sounds to good to be true, it probably is.”
It always worked for me which is why Harry gave me first dibs on investment decisions. My best decision was to buy NYC municipal bonds when the city was facing bankruptcy. Bonanza.
And l have sustained his trust and my self confidence “the old fashioned way: ‘l earned it!”
My rule for investing is, don’t take unnecessary risks if you can’t afford to lose.
I don’t understand how that all works even a bit and that’s okay because I don’t want to be anywhere near it.
Thanks Lucian for continuing to follow this story. There is likely much more to come out. The mainstream media will be gone by then, and on to the next shiny thing - "Breaking News!"
What's Judge Cannon been up to lately?
Reminds me of those boys in 7th grade who set up a "Safe Box" for other boys to put their few dollars. I refused and was threatened with a beating. I laughed and walked away. They did not follow me. What impressed me was how many classmates gave money. They wanted to look cool and be accepted. In the end the principal put a stop to the Safe Box and earned everlasting hatred.
WOW . . . . Just, Wow!
Greed and Fear, that's what drives us! Expecting any changes?
Nanny nanny billy goat. We’ll show them who’s the better team. However, Lucian, you promised not to go to cryptocurrencies anymore. Our collective heads hurt!