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12-15-2022, 07:46 PM
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#31
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Premium Access
Join Date: Feb 27, 2010
Location: houston
Posts: 10,343
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Add in the time spent on the 77,000 or so posts between TWK and WTF. At 5 minutes a post and wages $15 per hour, that would be around $ 100,000 lost.
Of course eccie is grateful for your patronage.
Thank you, valued posters.
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12-15-2022, 07:51 PM
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#32
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AKA Admiral Waco Kid
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 36,989
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Quote:
Originally Posted by WTF
If you invested 1000 dollars and it ballooned to 750 million and now is worth nothing, how much did you actually lose?
Riddle us us that Einstein
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it would still be worth 280 million dollars. the collapse of FTX didn't affect bitcoin. it affected Sammy boi's coin FTT.
17,406.50 USD
https://www.google.com/search?client...lue+of+bitcoin
$1.36 per FTT
https://www.google.com/search?q=curr...t=gws-wiz-serp
try to pay attention son
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12-15-2022, 08:10 PM
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#33
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Premium Access
Join Date: Feb 27, 2010
Location: houston
Posts: 10,343
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It would be worth zero if you had let Sam keep it as a custodian. As you will never get it back.
Same thing with Bernie M. and an endless list of others.
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12-15-2022, 08:17 PM
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#34
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AKA Admiral Waco Kid
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 36,989
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Quote:
Originally Posted by VitaMan
It would be worth zero if you had let Sam keep it as a custodian. As you will never get it back.
Same thing with Bernie M. and an endless list of others.
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bitcoin value is not tied to Bernie DeadMadoff or Sammy "soon to be found hung in his cell so he can't spill the beans on his Democratic party donations" Bankman-Fried
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12-15-2022, 08:26 PM
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#35
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Premium Access
Join Date: Feb 27, 2010
Location: houston
Posts: 10,343
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You don't understand.
If you placed your bitcoin on Sam's exchange and kept it there under custodial service, you will not see your bitcoin again. Unless you happen to be a very lucky creditor and substantial assets are able to be located.
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12-15-2022, 08:38 PM
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#36
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AKA Admiral Waco Kid
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 36,989
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Quote:
Originally Posted by VitaMan
You don't understand.
If you placed your bitcoin on Sam's exchange and kept it there under custodial service, you will not see your bitcoin again. Unless you happen to be a very lucky creditor and substantial assets are able to be located.
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you don't understand. Sammie's exchange wasn't a bitcoin wallet. it was an exchange where people traded various crypto currency for others. while customers lost 8 billion when sammy stole the value of their crypto currency to prop up his failing hedge fund, it had no material affect on the value of bitcoin and no one outside of the exchange lost a dime.
think. post. in that order.
thank you valued poster.
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12-15-2022, 09:51 PM
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#37
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Premium Access
Join Date: Feb 27, 2010
Location: houston
Posts: 10,343
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If you can't get your bitcoin, it is worth nothing to you.
Always respectful.
Thank you for your efforts.
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12-16-2022, 12:28 AM
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#38
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Valued Poster
Join Date: Jan 9, 2010
Location: Nuclear Wasteland BBS, New Orleans, LA, USA
Posts: 31,921
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Quote:
Originally Posted by The_Waco_Kid
you don't understand. Sammie's exchange wasn't a bitcoin wallet. it was an exchange where people traded various crypto currency for others. while customers lost 8 billion when sammy stole the value of their crypto currency to prop up his failing hedge fund, it had no material affect on the value of bitcoin and no one outside of the exchange lost a dime.
think. post. in that order.
thank you valued poster.
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in the process, a bank terminated his account thereby killing FTX. he got derailed.
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12-16-2022, 09:30 AM
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#39
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by WTF
Let me get this straight.... if you invested 1000 dollars in Bitcoin and were stupid enough not to cash out, instead you transfered it to FTX IN THE BAHAMAS...an unregulated market and you want my sympathy?
In your scenario, they only lost one thousand dollars!
I'll tell you what....if you can find me someone whose money was unknowingly stolen from a brokage house or one of our fine regulated bank...deposited in Sam's exchange and they then lost all their money....I'd feel sorry for them but....I'm pretty sure they have legal recourse to get THEIR money back.
You seem to forget where it was they deposited their money! An unregulated exchange!
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Quote:
Originally Posted by The_Waco_Kid
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Speaking of paying attention....do you understand wtf cash out means and then depositing in the FTX exchange?
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12-16-2022, 09:46 AM
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#40
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AKA Admiral Waco Kid
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 36,989
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Quote:
Originally Posted by WTF
Speaking of paying attention....do you understand wtf cash out means and then depositing in the FTX exchange?
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do you understand what being robbed means?
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12-16-2022, 10:28 AM
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#41
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by The_Waco_Kid
do you understand what being robbed means?
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Why did you leave out .... and then lie about what I said?
Did you think I would not go back and show where you left out wtf I said?
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12-16-2022, 10:40 AM
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#42
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by The_Waco_Kid
do you understand what being robbed means?
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Has there been a total accounting of what went where?
You're talking out your ass mate.
And one could make an argument that everyone who bought a pet rock was robbed...or was exposed as a dunbass
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12-16-2022, 10:44 AM
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#43
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AKA Admiral Waco Kid
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 36,989
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Quote:
Originally Posted by WTF
Has there been a total accounting of what went where?
You're talking out your ass mate.
And one could make an argument that everyone who bought a pet rock was robbed...or was exposed as a dunbass
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is the SEC talking out their ass too?
“There was no meaningful distinction between FTX customer funds and Alameda’s own,” the U.S. Securities and Exchange Commission alleged Tuesday. Alameda is said to have improperly siphoned $8 billion from customers of the now-bankrupt FTX.
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12-16-2022, 11:28 AM
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#44
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Do you know the meaning of alleged?
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12-16-2022, 12:03 PM
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#45
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AKA Admiral Waco Kid
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 36,989
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Quote:
Originally Posted by WTF
Do you know the meaning of alleged?
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lol it's typical legal speak. nice try however. when allegations are made against ... say .. Trump you seem to claim he's already convicted and the charges written by God's hand on some tablets on Mount Sinai.
bahahahaaaa
do you really think this goofball won't be convicted? the finger pointing will be hilarious! my IT guy pressed the wrong button on the server! 8 billion times!!
bahahahaa
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