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Thu May 12, 2022, 03:14 PM

Behold the titans of crypto



Shares of Coinbase, the only major publicly traded cryptocurrency exchange, have fallen 83% since the company went public in April 2021. The company warned customers on Wednesday that their cryptocurrency holdings could be at risk if Coinbase goes bankrupt, although CEO Brian Armstrong insisted that bankruptcy isn’t in the cards.

https://nypost.com/2022/05/12/crypto-investors-panic-amid-digital-coin-bitcoin-crash/


The TerraUSD crisis is a blow to the reputation of Mr. Kwon, a Stanford University graduate who worked at Apple Inc. and Microsoft Corp. before delving into crypto. He is an outspoken presence on social media, often assailing his critics in the crypto community.

“He will call anyone who questions him an idiot,” said Eric Wall, chief investment officer of Scandinavian crypto hedge fund Arcane Assets, who has clashed with Mr. Kwon online about Luna and TerraUSD.

A new father, Mr. Kwon named his infant daughter Luna, writing in a tweet after her birth last month: “My dearest creation named after my greatest invention.”

https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839

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Reply Behold the titans of crypto (Original post)
dalton99a May 12 OP
orwell May 12 #1
cbabe May 12 #2
Gidney N Cloyd May 12 #3

Response to dalton99a (Original post)

Thu May 12, 2022, 03:24 PM

1. What a waste...

...All of that brainpower perpetrating a gigantic, ponzi scheme, greater fool fraud.

Why don't they use those grey cells to protect the environment, make voting easier, solve the affordable housing crisis, reimagine transportation, energy, or water use?

Instead they waste all that education on chasing the illusive rainbow of "freedom from central bank tyranny", with the promised pot of ill-gotten gold at the end.

What kind of world are you leaving your infant daughter Luna Mr. Kwon?

Think about that for awhile...

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Response to dalton99a (Original post)

Thu May 12, 2022, 03:38 PM

2. Kwon: 'My dearest creation...' Not as if the mother

had a part of this ‘creation’.

Patriarchal jerk.

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Response to dalton99a (Original post)

Thu May 12, 2022, 05:00 PM

3. Coinbase CEO: 'Don't worry, WE'll be just fine.'

'We've skimmed enough to cover OUR nut for a long time.'

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