In light of recent events, we are rescinding our previous piece on the ethical, moral, intellectual, economic, and financial bankruptcy of non-Bitcoin crypto and DeFi. We continue to believe that investing in non-Bitcoin crypto and DeFi is a risky proposition, and urge investors to exercise caution..
In light of recent events, the founder of Nightingale has rescinded a previous piece condemning non-Bitcoin crypto and DeFi, admitting that it has failed. He urges people not to invest in these things, as they are prone to blow ups. Nightingale is a Bitcoin company and always will be..
In times of market turmoil, it's important to remember that risk management is key. Stone Ridge Asset Management has a strict policy of only investing in projects that they believe have a high chance of success, and of avoiding anything that could potentially blow up. They also seek to partner only with people they trust. If you're ever in a situation where you're not sure about an investment, it's better to walk away..
The Stone Ridge Holdings Group is having a record year and 2023 is setting up to blow away 2022. The company has been building its portfolio of business arcs ahead of the central bank driven no yield flood. The embodiment of the company's risk management philosophy and flood preparation is the 1010 portfolio in Stone Ridge asset management..
Bitcoin is continuing to power personal sovereignty and foster political freedom, despite recent headlines. Stone Ridge is committed to helping people access decentralized money and preparing for an uncertain future. The FTX and Alameda Saga is one example of how Bitcoin is making a positive impact..
In a nutshell, FTX and Alameda Research suffered financial setbacks that caused ripple effects throughout the crypto industry. This is still an unfolding story, but it highlights the importance of due diligence and understanding the risks involved in investing in cryptocurrency..
Alameda Research, a trading firm founded by SPF, has been called into question after a Coin Desk article detailed its balance sheet. The article highlights the close relationship between Alameda and FTX, and cast doubt on the firm's financial position..
In short, the CEO of Binance made a tweet that resulted in the downfall of FTX, with Alameda Research (the prop firm that owns FTX) being forced to sell FTT tokens at a loss. This caused FTX to slow withdrawals, sparking concerns among users..
The collapse of FTX highlights the importance of exogenous capital and the dangers of a system that is entirely reliant on itself..
The crypto industry is reeling from the collapse of Alameda Research and FTX, with many wondering who else might be affected. While the full extent of the fallout is not yet known, it appears that some major players have been exposed, including Coinbase, Genesis Trading, and Multicoin Capital. The industry is now soul searching in the aftermath of these events, with many concerned about the future of the space..
Bitcoin Audible's latest episode features an interview with Ross Stevens, founder of cryptocurrency custodian service BitGo. Stevens discusses the importance of holding your own keys and using a custodian to keep them safe. He also offers a discount code for listeners to get 5% off their first order..
There is a power in being kind and not gloating when someone has been proven wrong, especially when that person has lost a lot of money. This is something that many Bitcoiners have experienced, and it is a good lesson to remember..
Some people in the crypto community are too quick to judge those who were scammed by FTX, when in reality many of them were simply misled by the hype around the project. It's important to have empathy for these people and try to help them learn from their experience, rather than simply insulting them..
The FTX exchange was called out this week for promoting and supporting a ridiculous scam. FTX owns almost all of the tokens for their platform, which allows them to wash trade and artificially manipulate the price. Alameda's balance sheet was posted, showing that FTX has a large amount of debt and their FTT tokens are essentially worthless..
FTX was over collateralized with FTT tokens, which were essentially worthless. The platform was only running on $90 million in daily liquidity, and couldn't have sold even $10 million without crashing the markets. It's rumored that FTX had no Bitcoin at all, meaning that all the people who thought they had Bitcoin balances on the platform were actually holding nothing..
It is possible that Sam Bankman-Fried, the CEO of FTX, was involved in a money laundering scheme that funneled money from Ukraine to the Democratic Party. This is based on speculation and has not been confirmed..
The idea that the government could be responsible for false flag attacks is not so absurd, and in fact, our government is responsible for way worse and more corrupt actions. The bitcoin banking system is fractional reserve, and if there is a bank run, there is no lender of last resort. This is why you should stay away from crypto..
There is speculation that the recent hack of the KuCoin exchange may have been orchestrated by the US government in order to create a pretext for heavier regulation of the cryptocurrency industry. This is based on loose connections and allegations, and nothing is concrete at this time. However, it is something that is worth keeping an eye on, as it could have major implications for the future of the industry..
It seems that there may have been some foul play involved in the recent FTX exchange bankruptcy filing. Vitalik Buterin has been excusing and apologizing for FTX CEO SBF, leading many to believe that he is preparing to defend himself in the event that he is implicated in the scandal..
An employee of FTX appears to have moved a large sum of money to an Ethereum account just before the company was hit with US sanctions. If the sanctions are enforced, the account could be frozen, preventing the employee from accessing the funds..
Bitcoiners are the only ones who have been consistently critical of Ethereum and other proof-of-stake cryptocurrencies, warning that they are vulnerable to 51% attacks. Now that a 71% attack has occurred, it is clear that these concerns were well-founded..
It's possible that Block Five is declaring bankruptcy, according to rumors. This would be bad news for people who have invested in the company or are using its services..
Don't mess with shitcoins, because you never know what's really going on behind the scenes. Even third-party audits can't be trusted, because there's no way to know what the liabilities are. Anyone offering high interest rates on Bitcoin savings should be considered suspect, because they could be rehypothecating the funds and you have no idea what they're doing with them..
Bitcoiners need to be careful of the dangers of playing the crypto casino with leverage, as it can lead to disaster. Those who engage in such practices and those who associate with them will pay the price. Hopefully people will learn that Fiat financial practices don't work in a Bitcoin world and adapt accordingly. In the meantime, the market may be in for a rough ride..
Bitcoin could potentially benefit from the problems Ethereum is currently facing, but it is still uncertain how Bitcoin will respond. Stack as much as you can while the opportunity is there..
This podcast is a part of the C-suite radio network. In this episode, the speaker talks about how Bitcoin is a lesson in staying humble, stacking sats, and holding your own keys..
Source: https://www.askd.io/clip-summary?recordId=recbSlSJiFEeQ51ch
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