@brian_armstrong I have a ton of admiration for how you have handled this meltdown, Brian. You’re the ‘steady hands’ CEO that crypto (especially in the US) needs right now. To echo the sentiments of the homies above, based. Respect.
@MrZackMorris@LadeBackk So weird bumping into you in Playa, Zack. I’m sitting there thinking “I know this guy, but where from?”, then realized it was from Twitter. Small world. Mexico looks good on you guys - all the best, cheers mate.
Here comes the contagion. All these random companies you have never heard of, but they are consequential (“AAX’s trading volume ranks in the top 20 in Coingecko”). Buckle up.
Breaking: AAX, a derivatives exchange established in Hong Kong in 2019, suddenly announced that it would suspend all operations, including trading, withdrawals, etc. It will take 7-10 days to proofread and restore user assets. AAX's trading volume ranks in the top 20 in coingecko
@MarioNawfal My friend, you need to slow down here a bit with the FUD. This guy is essentially saying ‘they have a bunch of BS check-the-box certifications, so they can’t have made a mistake’. Don’t get me wrong, CDC are fucked for various reasons, but this is a 40IQ take at best.
@MarioNawfal My friend, you need to slow down here a bit with the FUD. This guy is essentially saying ‘they have a bunch of BS check-the-box certifications, so they can’t have made a mistake’. Don’t get me wrong, CDC are fucked for various reasons, but this is a 40IQ take at best.
I never really trade these days, but this seemed like a nice short play for some beer money, given the incredible levels of FUD going around.
Probably has further to go, but I ain’t greedy.
$CEL
@RichardWilliman I guess the big question is, is anywhere safe for yield now? Blockfolio (FTX)? Crypto[.]com earn?
I say that as I sit here filling up my Trezor and getting the f- out of dodge on all of them, for the time being :)
Last week’s 51% attack against ETC cost $170k, netted $5M. Money quote from article ‘When you own crypto currency in your wallet, it only means that there is some probability of that, and it’s never 100%.’ https://t.co/fV6HK6vnj1
This thread is pure gold, I can’t recommend it highly enough. Dude has a gift for explaining complex concepts in clear, understandable terms. @SahilBloom - you should write a book.
1/ An Allegory of Finance
I have been posting a lot of educational (and humorous!) threads on finance, money, and economics.
My mission is simple: to demystify these concepts and make them accessible to everyone.
All of the threads can be found below. Enjoy and please share!