Never ceases to amaze me how baseless the speculation can be. We're a few weeks away from the end of the year and the likelihood of an ATM is virtually zero.
Bitcoin's utility goes far beyond crypto day trading so it's to my dismay to see folks perhaps not see the bigger picture. The price today, tomorrow, or next year is not really the end game anyways. BTC reaches another ATM, and then what?

Anyway, given the recent FTX drama and poor economic indicators for the global economy, my expectation is for the current state of the market to last well into next year before we see even the slightest amount of relief. I'm not concerned, neither should you be. Bitcoiners are used to this. We've been through much worse.

Seems to me ignorance is the only viable legal defense here. That is, of course, if the Department of Justice in the U.S. would be willing to indict him. If charges were on the horizon, he would bail to a country without an extradition agreement so I'm not confident he'll face any repercussions regardless. Seems like these folks always get away with white collar crime as long as they have the right connections. SBF was a well known political donor spending tens of millions donating to democratic politicians in the U.S. Doesn't look like he was donating this money out of kindness.

335000 doesn't seem hyperbolic -- "freeze to death" is not in the proverbial sense that someone literally dies of hypothermia. There's a lot of ways someone can die from too low temperatures, mostly it's the elderly who die of heart conditions because the temperature provides excess stress on the cardiopulmonary system.

In any event, the only global cause of this issue is the energy crisis driven by the Ukraine war. This is mostly self inflicted, Europe chose not to diversify their energy sources and took a deep dive into unsustainable renewables. Cheap energy saves lives.

Banning the aforementioned alts would probably make Bitcoin more attractive, but I don't see any benefit in eliminating the competition through government brute force. First it's Dash, Monero, then it might be a blanket ban on all crypto's for the next arbitrary reason. Stopping money laundering by banning privacy coins seems like a palatable excuse but I'm curious as to how much the EU estimates money laundering to be taking place via crypto. Blockchains aren't even remotely close to being security risk.

Given the rise of actual violence with war, it's a bit laughable that their concerns lie with crypto.

Many of the Putin loyalists have been turning given Russian morale is probably at an all time low. It's becoming hard to keep up. Vladimir Solovyov casually calling for the desecration of Ukrainian cities as if Russian fascism was anything short of insanity, immune from rebuke.


Perhaps, but does being an Israeli citizen offer protections beyond permeability? I haven't kept up with the Putin hit list to see if Israeli's are off the table. Putin hasn't hesitated to off detractors across borders. He might just have an "accident."

I saw this story circulating around and brushed it off as hyperbolic with incomplete context. Granted, the Iranian regime needs no defense, their actions speak for itself and their human rights abuses are long withstanding. I suppose it's baked into the cake with most Islamic theocracies.

That being said, there's probably more to this story than what's being reported. This guy was shot in the head for nothing more than celebrating victory?

https://twitter.com/GMA/status/1598296985010073600

SBF talking to the media when he might be facing down the barrel of a grand jury indictment on charges that would confine him to potential years in prison. His lawyers would have advised against it because his statements would be used against him in prosecution. Unless he's aiming to portray himself as utterly incompetent therefore not subject to any criminal liability, there is no benefit to talking to the media.

Amazes me that this person was trusted with billions of funds. If the ignorance route is the legal strategy for SBF, he'll have to convince a lot of people of his utter stupidity and ignorance to have not known that user deposits were being used fraudulently. As if anyone is dumb enough to believe it.

Everything is strategically done to increase worker productivity, so I see no issue for a pilot test of 2,600 workers to see if a 4 day work week would work out better for the company and the employee. There are some tough labor shortages and seemingly a lot of workers are planning on leaving their current employer for reasons like returning to the office after working from home for over a year.

This might be a viable strategy to retain those WFH employees. I've seen some companies also adopt a WFH hybrid, where employees might only be required to show up to the office on certain days of the week.

So it sounds like the folks that are purchasing EV's aren't the ones that are driving enough for it to make any dent in gasoline consumption which mean the pollution created by producing those EV's and charging them probably weren't worth it in the first place.

Folks tend to forget the amount of pollution associated with manufacturing EV batteries or even the energy required to charge them in the first place. All of it is fossil fuel based. Reduce gasoline consumption and the problem of carbon emissions doesn't magically go away.

The NY state government has no business telling folks how to manage their IRA's as if they're children and need the government to come in and save them. Just another example of Bitcoin/crypto regulation under the guise of consumer protection.

Letitia James is also the Attorney General who promised to go after former President Trump and assured her constituency that she would go around fishing for a crime to charge him with. I believe Trump is facing civil liability in NY: https://ag.ny.gov/press-release/2022/attorney-general-james-takes-action-immediately-stop-donald-trump-and-trump

Nothing more than a radical politician that's throwing the book of law out the door for her own political interests.

If we're out of energy that we can't even engage in personal transportation, doesn't that spell disaster for Bitcoin miners? Are miners going to have hamster wheels powering their rigs?

These lawsuits are most likely frivolous and based on the astronautically low chance that one of these celebrities had inept lawyers/agents who didn't tell their clients that they're required to disclose the entities they advertise.

Granted they followed proper law and disclosed they were getting compensated, they should not be held liable. Sets up bad precedents to target advertisers if they themselves were not knowingly advertising something fraudulent. It's not merely enough that they should've known, but that they actually did know. Of course, anyone with any common sense of how these exchanges work would realize the FTX was being run by children and was bound to collapse at some point.

Additionally, consumers also should stop providing patronage to companies for the sole reason of celebrity endorsement. It's nonsense.

Doesn't seem to me like he'd be successful. Tesla stock is way down, Twitter lost something like 2 billion dollars in advertisers that had existed last year who no longer exist this year. He's more than welcome to throw money away on a smart phone, but good luck to him on cracking the Android/Apple monopoly.

I'd love for there to be alternatives because of the left's nonstop cancel campaign on any app they don't like, but Elon isn't acting discipline or focused here, he's acting on impulse (the same reason he bought twitter in the first place).

The limiting factor for EV's are the batteries. Not only are they less efficient than a lot of gasoline powered cars, the raw materials for them are incredibly resource intensive to obtain: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8390110/

Nickel and lithium are not easy to come by. The metric tons of materials that need to be mined in order to produce one EV battery is extraordinarily high. Of course, mining operations are fossil fuel based and will be for the foreseeable future, so those EV batteries are creating a lot of pollution merely for creation.

Maintenance, upkeep, and charging are all fossil fuel based. EV's are not the answer.

They aren't alone. It simply is not moral for a country to hold any assets which depreciate at near double digits. USD was alleged to have been the stable asset when the reality of such "stable asset" like fiats are a fixed depreciation rate of 1-2% on a good year, and near double digit depreciation on a bad year.

Gold is better than USD, crypto is better than them all.

Lotteries require public transparency because the ticket issuers aren't incurring any risk when people purchase tickets, so it'd be easy to hand select a winner. Other types of gambling, such as playing on a betting platform, require the same transparency between the platform and the player but that transparency can be private because the only money at risk is the individual player. If the player's inclined, they can request proof that the game they're playing on isn't rigged.

Realistically, you could incorporate blockchain tech into lottery systems to make them anonymous and transparent and I've seen some online betting platforms pull this off. Haven't yet seen a country adopt a blockchain lottery system yet.

He's a political donor. Out donated everyone except George Soros in the 2022 U.S. midterm elections. He'll get the special treatment because democratic appointees are in the Department of Justice. It's not good for business when you prosecute your political donors, of course.

In any sane world, SBF would've already been in jail and charged with fraud, probably held without bail for being a flight risk. Makes you wonder what all those political donations were for. Maybe he saw his demise coming and figured lining up the pockets of politicians was his way out.

I was looking at the Gallup world risk poll and couldn't find the numbers on climate change, it seems odd to me that less people care about it now than they did in the past. The climate change alarmism has picked up steam over the last decade, maybe folks have had enough.


Okay, but these are independent issues. Undernourishment isn't a climate change issue and inflation isn't either. You don't tackle any of these problems by outlawing oil/gas/nuclear and forcing people to pay higher energy costs under the guise of climate change activism.

This is because lack of education in under developed nations. In some developed nations, the birth rate is going down. It takes no effort to pump out as many children as you can when half of them die before the age of 5 and live in absolute poverty.

There's a cultural reason for it that preexists the economic hardships which have originated over the last couple of years, but I can imagine the problem's going to get a lot worse now that the global economy is entering a downturn. Has nothing to do with laziness.

There's an issue with labor shortages and not enough young workers subsidizing old retired workers. If there's a birth rate collapse, then you're going to have a lot of old folks that are going to be impoverished.

The lack of liquidity is a problem, not the only problem.

First of all, there's a lot of ambiguity in where the assets of an exchange exist and whether they're liquid assets or not. I imagine they do this purposefully because most exchanges are great at mismanaging their users' funds. I don't anticipate many enterprises are willing to disclose proof of reserves to any degree of certainty.

Say you had a real time checking mechanism to determine the underlying liquidity an exchange has, that still doesn't matter -- you transfer any funds into an online account and those funds are not yours. They're an assurance that the funds will exist if you choose to withdraw, and that assurance is worthless. You're still liable to hacks or getting locked from your account for whatever arbitrary reason.

Proof of reserves help but they don't solve the issue.