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(Some Guy)   Turns out the Crypto lender Celsius did turn a profit. For the Celsius CEO that is   (coindesk.com) divider line
    More: Asinine, Bankruptcy, Asset, Chapter 11, Title 11, United States Code, part of their compensation, personal information, privacy policy, digital assets, media outlet  
•       •       •

321 clicks; posted to Business » on 03 Oct 2022 at 11:37 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



7 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-10-03 11:11:31 AM  
This won't help quell accusations that this is some sort of a scheme by some guy called Pierre Mid.
 
2022-10-03 11:54:55 AM  
It is completely worth your time to read some of the Celsius Letters:  https://blog.mollywhite.net/celsius-letters/

People with funds locked in Celsius Network have been sending letters to the judge presiding over the Chapter 11 bankruptcy case. These are excerpts from those letters.

You learn some amazing things.

1.  This CEO sounds like a standard issue con artist.  People truly believed in him.  That leads to #2.
2.  Nobody understood "the technology".  Everything "technical" the CEO said was gobleygook.
3.  The investors were old people chasing a fixed return.  They put all their money in with this unregulated bank.
4.  Some of these people have learned nothing.  They believe that their magical tokens will still make them rich, but they can't get to them because they're frozen.  They just want their magic money back and then they'll be rich.
 
2022-10-03 12:03:31 PM  
What next - the people who promulgated SPACs profited even when the stocks tanked??
 
2022-10-03 12:14:26 PM  
Where's the resident troll now, to tell us how crypto is SOOOO much better because it avoids the "evil middleman banksters"???

*Sniff sniff*. I can't smell Penguin shiat in this thread yet, so he must still be in the previous thread preaching about how evil traditional bank middlemem are. LOL

/ And NO, 90% of people will NEVER have a hope of safely using/managing a hardware crypto wallet, so don't even start with that bullshiat
 
2022-10-03 12:41:55 PM  

ChibiDebuHage: Where's the resident troll now, to tell us how crypto is SOOOO much better because it avoids the "evil middleman banksters"???

*Sniff sniff*. I can't smell Penguin shiat in this thread yet, so he must still be in the previous thread preaching about how evil traditional bank middlemem are. LOL

/ And NO, 90% of people will NEVER have a hope of safely using/managing a hardware crypto wallet, so don't even start with that bullshiat


I'm sure he is around, promoting a fascist authoritarian.

Because he believes in freedom (tm)
 
2022-10-03 12:49:28 PM  
ChibiDebuHage:
/ And NO, 90% of people will NEVER have a hope of safely using/managing a hardware crypto wallet, so don't even start with that bullshiat

What do you mean by safe?

A crypto wallet is extremely simple to use, everyone can use it.

But it doesn't shield you from the currencies dropping in value. So in that sense, its not safe.
 
2022-10-03 1:34:38 PM  

ChibiDebuHage: Where's the resident troll now, to tell us how crypto is SOOOO much better because it avoids the "evil middleman banksters"???

*Sniff sniff*. I can't smell Penguin shiat in this thread yet, so he must still be in the previous thread preaching about how evil traditional bank middlemem are. LOL

/ And NO, 90% of people will NEVER have a hope of safely using/managing a hardware crypto wallet, so don't even start with that bullshiat


The internet didn't fail, therefore crypto won't.  Can't you see?
 
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