Rand Paul, the right and cryptocurrency

[John Galt]

stablecoin

hahahhahahahahahha

coinbase

lmao hahahahahhahaha

you all get what you f**k deserve

[Spider]

I opened a coinbase account last winter for the hell of it. Someone told me they give you five bucks worth of bitcoin just for signing up... Pretty funny watching that five bucks bounce off $2. A lot of people crying in their ramen right now.

[John Galt]

the funniest thing about coinbase is that it isn't a wallet that you own. coinbase owns your bitcoin, and custodially hold it... and bankruptcy proceedings would mean your investment is NOT yours. it has no protections like banks. that's why i was laughing about it https://i.redd.it/q4cyhftkmqy81.jpg

[Saz]

[John Galt]

i'd be concerned https://www.barrons.com/articles/custom ... 1652727281 https://www.barrons.com/articles/coinba ... 1652484501

>In February, Georgetown University law professor Adam Levitin outlined crypto bankruptcy risks. “The big point here is, if you are a customer of a cryptocurrency exchange, you risk being a general unsecured creditor of the exchange if it should file for bankruptcy,” he wrote. “It doesn’t matter that the exchange’s contract with you says you ‘own’ the currency. That’s not determinative of what will happen in bankruptcy.”

but sure for your stocks? yeah, buy the f**k dip. i dont give a damn about housing, i already bought my coffin and I've still got some 27 years left to pay on it

[Saz]

[exploited]

[Kane]

Some wild movement in the bond market today on the back of the Fed raising rates 0.75bps. Interestingly Bitcoin and most of other cryptocurrencies also saw support.

[exploited]

Coming back to this.

Where are the regulators on FTX?

Why aren't we stepping into these obvious scam markets?

[Kane]

Mebe Gary Gensler is behind it all?

Really though FTX didn't have a single accountant and there was obviously zero compliance here lol. I imagine DOJ is attempting to determine if there are grounds for indictment right now.