Lunch with Warren Buffett

ETJ

ETJ

The SEC just charged Justin Sun, the crypto CEO who bid $4.6 million on lunch with Warren Buffett, with fraud. Here's everything you need to know about him.
Theron Mohamed, Samantha Delouya - Business Insider
According to reporting from The Verge, Sun left home at a young age to study the strategy game Go in Wuhan. The Verge, citing a former employee of Sun's, said he described his mother as a "tiger mom" and his father as a "penny-pincher."
/jlne.ws/3z4ZUOC
 
Seems like every scumbag on the planet is attracted to the crypto asset class. People forget that Bitcoin was trading at $200 on the eve of the discovery phase of the Ross Ulbricht/Silk Road trial in 2015. Bitcoin price exploded only after it became public knowledge that Silk Road users were facilitating all of their illegal dealings using BTC as payment.
 
SteveM said:
Seems like every scumbag on the planet is attracted to the crypto asset class. People forget that Bitcoin was trading at $200 on the eve of the discovery phase of the Ross Ulbricht/Silk Road trial in 2015. Bitcoin price exploded only after it became public knowledge that Silk Road users were facilitating all of their illegal dealings using BTC as payment.
More...
And what method of exchange are the drug dealers using in this picture?

22Billion2.jpg
 
SteveM said:
Seems like every scumbag on the planet is attracted to the crypto asset class. People forget that Bitcoin was trading at $200 on the eve of the discovery phase of the Ross Ulbricht/Silk Road trial in 2015. Bitcoin price exploded only after it became public knowledge that Silk Road users were facilitating all of their illegal dealings using BTC as payment.
More...
From Oct 2013....

https://www.theguardian.com/technology/2013/oct/03/bitcoin-price-silk-road-ulbricht-value

Bitcoin
Bitcoin price plummets after Silk Road closure
Digital currency loses quarter of value after arrest of Ross Ulbricht, who is accused of running online drugs marketplace

a341355f-492b-4df7-ba2d-aec54b831f7b-2060x1236.jpeg

A sign at a pub in Berlin that accepts Bitcoins as payment. Photograph: Sean Gallup/Getty Images Photograph: Sean Gallup/Getty Images
 
Not that 95% of the crypto shills on this forum had the slightest idea what silkroad was and who Ross Ulbricht was. Most of them still fight with their pimples. But they all believe they are experts on the fiat monetary system. Pure cinema.

SteveM said:
Seems like every scumbag on the planet is attracted to the crypto asset class. People forget that Bitcoin was trading at $200 on the eve of the discovery phase of the Ross Ulbricht/Silk Road trial in 2015. Bitcoin price exploded only after it became public knowledge that Silk Road users were facilitating all of their illegal dealings using BTC as payment.
More...
 
The parasites who run the Treasury dept are using the Howey Test
(SEC v. W.J. Howey Co., 328 U.S. 293) and have determined that
any form of digital-crypto transaction is an investment contract.

They will claim any and all past entrepreneurs who started
digital asset companies are in violation of securities fraud.

Just a matter of time before they come after Coinbase.
 
  • Like
Reactions: ETJ
newwurldmn said:
This only supports his point.

He’s saying that bitcoin only started to rise because it was effective for illicit activity (unlike the pallets of money).

you haven’t disputed his point yet.
More...
Here was my take. SteveM seemed to make the connection that anyone attracted to crypto is a scumbag. Then he said crypto only made it big because it was used to facilitate drug payments. This same argument has been used by even public officials I think, that the only use case for crypto is illegal trade.

Alright, so if a method of payment that is used for the drug industry is bad, we should do something about it, right? Well, the USD, as pictured, has clearly been used for much longer in the production and distribution of drugs. Does this make USD just as bad? Are the holders of USD also scumbags?

Ergo, using a method of exchange for illicit activity doesn't make the the method of exchange bad. Maybe its the illicit activity that needs to be addressed??

(And I for one don't even think we should do anything about drugs. The war on drugs is a complete failure and just a huge cash cow for not only the criminals, but also government officials and private companies who produce products to fight it. If you really want to solve the problem, legalize the use, production and distribution of drugs, and offer medical help to those who seek help for their addiction.)
 
You must log in or register to reply here.
Back
Top