Goldman Sachs & JPMorgan quants keep leaving for crypto

Tokenz said:
Enough with the interrogation questions, you are about as annoying as a toddler on a road trip. Look up on Google if you don't understand it, this is all common sense...
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You are having what is known as cognitive dissonance.

Crypto = FREE FROM THE MAN

Regulated crypto = ????

lol
 
ajensen said:
Define "smart".

The closest thing America has to a national IQ test are the SAT and ACT. Do you doubt that the average score of quants who took those tests is high?

I have worked as a quant, and most people who know me would say I am smart.
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There are two kinds of smart, book smart (quants have this in spades) and common sense smarts (it's probably worse in quants than the general population).
 
Something to the effect of "not to worry because we are the smartest guys in the room". (LOL) None of us could understand exactly how they did what they did-
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Chanos couldn't figure it out either, so he shorted the fuckers while Wall Street kept pumping them up... Turned out to be a great trade! He looked like a genius after that (for a while).

A lot of people think Chanos has gone off his rocker these days because of his failed short in Tesla, and now is shorting COIN.

But to be honest, if COIN doesn't find a way to stay profitable with lower fees, then Coinbase is doomed, even though for the time-being the financial statements easily fool a lot of millennial investors.
 
nooby_mcnoob said:
You are having what is known as cognitive dissonance.

Crypto = FREE FROM THE MAN

Regulated crypto = ????

lol
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Regulations are coming and it will bring a wall of money to the Bitcoin and cryptos ecosystem

Stop trying to be a criminal with your fascination of Monero. Pay taxes. Don't go to jail and ruin your life. It's not worth it


These guys are super duper smart. Listen to these guys explain it eloquently


 
johnarb said:
Stop trying to be a criminal with your fascination of Monero. Pay taxes. Don't go to jail and ruin your life. It's not worth it
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I just find it hilarious that people throw out their ideals when it comes to money.

If you guys are as shortsighted as "yeah make bitcoin legal I don't care if zero privacy" then I'm not sure what you gain aside from avoiding the fed printer in a volatile asset. Though I suppose a formal framework for private currencies could be a good thing.
 
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