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What if Manchester United bought BTC instead of shitty players?

This is the $50 million yacht bought by 3AC called "Much Wow"

Crypto loan without counterparty risk

Bears, what will it take to convince you that the bottom is in?

r/CryptoMarketsSee Post

Crypto Exchange Hotbit Suspends Deposit, Withdrawal and Trading Functions

r/CryptoMarketsSee Post

Iran Places First Crypto-Funded Import Order, Worth $10M: Report

Top cryptocurrency news: Hodlnaut, a cryptocurrency lending platform, stops operations because of a liquidity issue

r/CryptoCurrencySee Post

The next CeFi, Hodlnaut has just frozen all withdrawals. This comes after they claimed to have no exposure in the UST-Anchor protocol. Eventhough they had.

r/CryptoCurrencySee Post

Bitcoin has been below its ATH for 9 brutal months now. To everyone still surviving, congrats!

r/CryptoCurrencySee Post

South Koreas largest crypto capital firm, Hashed, lost $3.6b due to the LUNA collapse. A very valid reason for South Korean authorities to go hard on Do Kwon.

r/CryptoCurrencySee Post

Sorare 7-Day NFT Sales Whizz Past $7M On AC Milan Tail Winds - NFTgators

r/CryptoMoonShotsSee Post

WORGMUU | Safe Project | LP locked 100% | Contract Verified | Reversal starting now – Super Early | Influencers are on the board

r/CryptoCurrencySee Post

If you lost everything these last few months to 3AC, Luna, Celsius etc., then remember that you can gain it back again tomorrow.

r/CryptoCurrencySee Post

Bull run is back! Quick, leverage long!!

r/CryptoMoonShotsSee Post

LINU aka Luna Inu Partners w David Gokhshtein’s Media Company

r/BitcoinSee Post

STAY SAFE move out of Coinbase, READ

r/CryptoCurrencySee Post

Aptos, One of the "Heirs" of Meta's Blockchain Project Libra/Diem

r/BitcoinSee Post

BTC's Macroeconomic Situation

r/CryptoCurrencySee Post

Macroeconomic Situation

r/CryptoCurrencySee Post

Are consequences the new meta of money?

r/BitcoinSee Post

The crypto market experienced a relief rally over the last week. Will the short-term momentum spark a further rally or is the weight of the current macro environment too heavy to overcome? Let's look at the data.

3AC: A $10B hedge fund gone bust with founders on the run

r/CryptoCurrencySee Post

Used to think Tether is #1 Doomsday Time Bomb in crypto. Nope. Other is GBTC. Something most retail will not be holding & do not fully understand. Have always thought of Barry Silbert as ‘Svengali of crypto’. A deep and complex analysis of 3AC, Genesis and GBTC. Further link in comments.

r/CryptoMoonShotsSee Post

Why 3AC went bankrupt?

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockiness for company meltdown: Hodler’s Digest, July 17-23

r/CryptoCurrencySee Post

Many tout they are into crypto to be free of the shackles of "bad government" but sure get up in arms when the welfare check ends.

r/CryptoCurrencySee Post

3AC's Su Zhu and Kyle Davies have gone awol?

r/CryptoCurrencySee Post

CrytpoKaleo accuses TSLA of causing the liquidation of 3AC and catalyzing the BTC crash when they sold 75% of their BTC holdings at an average price of $28,888

r/CryptoCurrencySee Post

Breakdown of an Interview with Sam Bankman-Fried (SBF) and Matt Levine

r/CryptoCurrencySee Post

3AC Founder Dismisses Entire Saga With An Infuriating Word: Regrettable

r/BitcoinSee Post

Signs you should get off crypto lending platforms

r/CryptoCurrencySee Post

The Race: Three Arrows Capital (3AC) Founders Detained in Dubai Airport

r/CryptoCurrencySee Post

Warning about Gemini Earn

r/CryptoCurrencySee Post

Whales are not as smart or coordinated as you think

r/CryptoCurrencySee Post

Splitting Seed into 3 Parts (+ 25th Word) vs. MultiSig through Unchained Capital, etc.

r/CryptoCurrencySee Post

Coinbase: We believe these market participants were caught up in the frenzy of a crypto bull market and forgot the basics of risk management. Unhedged bets, huge investments in the Terra ecosystem, and massive leverage provided to and deployed by 3AC

r/CryptoCurrencySee Post

Coinbase reveals they had “No financing exposure” to Voyager, Celsius, 3AC

r/CryptoCurrencySee Post

Coinbase says it has no exposure to collapsed crypto firms Celsius, 3AC and Voyager

r/CryptoMoonShotsSee Post

Now is your opportunity to buy Crypto Zoom | Don't you ever miss the chance to earn and multipy your investment | LP is Locked | Community Driven

r/CryptoMoonShotsSee Post

Missed Doge Coin? Here Comes Superr Doge, Presale Filled Within Seconds

r/CryptoCurrencySee Post

What will actually happen with my crypto in Voyager?

r/CryptoCurrencySee Post

3AC Co-founders Used Fund’s Assets for $50M Yacht, Bungalows

r/CryptoCurrencySee Post

Top 10 events in Crypto the past 24 hours - July 19

r/CryptoMarketsSee Post

Three Arrows Capital (3AC) Su Zhu and Kyle Davies may have purchased a $50 million yacht with borrowed funds

r/CryptoMarketsSee Post

Singapore to Tighten Crypto Regulations in Wake of 3AC Bankruptcy

r/CryptoCurrencySee Post

3AC bankruptcy filing reveals founders' missteps and a $50M yacht

r/CryptoCurrencySee Post

Diversity is Key. Here's a list of things you can invest out of Crypto.

r/CryptoMarketsSee Post

Leaked Court Document Reveals Concerning Details About Bankrupt 3AC

r/CryptoCurrencySee Post

Three Arrows Capital founder bought a $50M yacht with borrowed funds for his company. Now his company is bankrupt but he probably not.

r/CryptoCurrencySee Post

Be careful of potential fallout from Genesis losses due to 3AC. Funds on Gemini Earn are not safe. Genesis just raised interest payouts, a worrying sign.

r/CryptoCurrencySee Post

The Algorand Foundation has filed a claim against Three Arrows Capital (3AC)

r/BitcoinSee Post

Soldman Gachs disclosed that Zhu Su has filed a $5 million claim on 3AC's list of creditors - Wu Blockchain

r/CryptoCurrencySee Post

Coinbase and Binance Bankruptcy

r/CryptoCurrencySee Post

It’s your choice

r/CryptoCurrenciesSee Post

Crypto VC Investments Drop 26% in First Half of 2022

r/CryptoCurrencySee Post

Top 10 events in crypto the past week, a quick thread🧵

r/CryptoMoonShotsSee Post

Astro Cash | KYC + Audit | Airdrop is live! | Astro Cash, uniting a futuristic payment system, music and metaverse, all in one token | Presale Starts 30.07 | Strong Community & Experienced Team | Join NOW!

r/CryptoCurrencySee Post

Mount GOX, DXY, 3AC - "perfect storm" (opinions please)

r/BitcoinSee Post

Bear Market Triple Threat: DXY, 3AC (GBTC), Mount GOX - Is it really this bad?

r/CryptoCurrencySee Post

Having the ability to do Google searches to get information is a skill in my job, more people should be doing it.

r/CryptoCurrencySee Post

Analysis: The beginning and end of the cryptocurrency credit crisis in 2022

r/CryptoCurrencySee Post

Top 10 events in crypto the past 24 hours, a quick thread🧵 (JULY 14)

r/CryptoMoonShotsSee Post

Nirai Inu Just launched 1 Minutes | Famed from sengoku era in japan, A master of nippon and shuriken , Nirai Inu the savior of bear market.

r/CryptoCurrencySee Post

Embattled crypto lender Celsius files for bankruptcy protection

r/CryptoMoonShotsSee Post

Nirai Inu is a token on the Binance Smart Chain that never stops growing through deflationary techniques and further income generation for its ecosystem.

r/CryptoCurrencySee Post

It is time to go long.

r/CryptoCurrencySee Post

(Voyager/3AC) Billion Dollar Bankruptcy Gets WORSE

r/CryptoCurrencySee Post

Mapping out the Terra/UST and 3AC Contagion

r/CryptoCurrencySee Post

A recap of what happened with Terra LUNA, 3AC, and Celsius (crypto lending)

r/CryptoCurrencySee Post

live view of 3AC creditors splitting up the remaining "assets"

r/CryptoCurrencySee Post

3AC co-founder Su Zhu tweets for first time since bankruptcy

r/CryptoCurrencySee Post

3AC borrowed millions from Voyager/BlockFi user deposits, and bought CryptoDickButt NFT. If you are wondering where all your funds locked in these platforms went, this is where it ended up

r/CryptoCurrencySee Post

3AC borrowed millions from Celsius/Voyager users, and bought CryptoDickButt NFT. If you are wondering where all your funds locked in these platforms went, this is where it ended up

r/CryptoCurrencySee Post

Three Arrows Assets Ordered Frozen By Judge - How Much Deeper 3AC's Trouble Can Get?

r/CryptoCurrencySee Post

Top 10 events in Crypto the past 24 hours | JULY 13

r/CryptoMarketsSee Post

3AC Liquidators get Permission to Subpoena Founders

r/CryptoCurrencySee Post

Founders of 3AC go missing

r/CryptoCurrencySee Post

Three Arrows Capital (3AC) Founder Su Zhu Breaks Silence, Calls Out Liquidators For Baiting

r/CryptoCurrencySee Post

Founders of bankrupt crypto hedge fund 3AC go missing

r/CryptoCurrencySee Post

US Court approved for a administrator to manage all 3AC assets without their founders as investigation now seemingly starts.

r/CryptoCurrencySee Post

What is it going to take for Voyager to become operational again?

r/CryptoMarketsSee Post

Founders Of Bankrupt Crypto Hedge Fund 3AC Go Missing, As Investors Try To Recoup Assets

r/CryptoCurrencySee Post

Founders of bankrupt crypto hedge fund 3AC go missing after the company lost $10 billion of investor's crypto

r/CryptoMarketsSee Post

3AC Founder Zhu Su Speaks Out, Says Attempt to Cooperate Met with Baiting

r/CryptoCurrencySee Post

Voyager says if you have USD, you’ll get that back in full but they’re not giving back all you’re crypto!!!! Remove all assets from other Platforms!

r/CryptoCurrencySee Post

3AC founders in hiding, offices abandoned as court filing cites fear that assets may be "disposed of"

r/CryptoCurrencySee Post

3AC crypto contagion spreads to Blockchain.com - at risk of losing US$270M loaned to crypto hedge fund 3AC. "Blockchain.com remains liquid and solvent" assures CEO Peter Smith.

r/CryptoCurrencySee Post

Blockchain.com May Lose $270 Million Over Its Loans to 3AC

r/CryptoCurrencySee Post

"3AC Founders Su Zhu and Kyle Davies fled Singapore and Their Current Whereabouts are Unknown"- Bankruptcy Filing Claims

r/CryptoMarketsSee Post

Venture Capital Firm DeFiance might consider Legal Action against 3AC

r/CryptoCurrencySee Post

It seems Tether was the only company that required a collateral from 3AC and liquidated them.

r/CryptoCurrencySee Post

Fiat uses synthetics, so why shouldn’t we?

r/CryptoCurrencySee Post

Voyager chapter 11 bankruptcy and what it feels like from someone affected

r/CryptoCurrencySee Post

Crypto markets are currently in the ’anger’ phase. Everyone is angry at Celsius, Voyager, 3AC, etc. The next year during this bear market is the time to buy, and prepare for the 2024-2025 bull cycle.

r/BitcoinSee Post

How much BTC does Voyager and 3AC own?

r/CryptoMarketsSee Post

Alameda Research of Bankman-Fried is 2nd largest Borrower from Voyager at $377M after 3AC

r/CryptoCurrencySee Post

Voyager filed chapter 11

r/CryptoCurrencySee Post

Just Received This Update Email From Voyager (7/6/22 at 12:45am):

r/CryptoCurrencySee Post

Against the odds, Celsius may be about to save itself.

r/CryptoCurrencySee Post

Q&A: Crypto Lawyers Talk 3AC Liquidation, ‘Code Is Law’ - Blockworks

Mentions

Voyager was a feeder fund, but he could go straight to the source and become the next 3AC!

Mentions:#AC

Directly proportional to how much was stolen by Celsius, 3AC and Voyager.

Mentions:#AC

And yet there are tons of traders and investors that consistently beat the market. I'm fully aware of the efficient market hypothesis, but it is based on the assumption that every market participant is logical and reasonable and makes their decisions based on all available information. This is just not true, especially in a market as horribly inefficient as crypto. If the efficient market hypothesis had any bearing on reality, things like Luna and 3AC collapse would never have happened.

Mentions:#AC

The Dunning Kruger Effect (DKE) occurs when your own incompetence prevents you from seeing your incompetence. The problem these people have is thinking they know everything and are not willing to acknowledge or understand they can't know and foresee everything. An example of this was the Current War, where Thomas Edison went as far as electrocuting animals in public to try and convince the public that AC was gonna kill us all.

Mentions:#AC

The real boating accident was the money 3AC channeled from its depositors to buy the boat.

Mentions:#AC

Didn’t even know 3AC existed, guess I keep away from everything and leave my coins in my wallets

Mentions:#AC

High markt cap and a lot of institutional holders blew up like 3AC. It would take a lot of money to move BTC and there is no exciting news, unlike say ETH enjoys.

Mentions:#AC#BTC#ETH

tldr; Three Arrows Capital's co-founders faced criticism from banks and other traders before the company entered the crypto market, according to a report from New York Magazine. The hedge fund offered to sell its stake in Deribit for an inflated price of $700 million, but the value of the investment was only $289 million. 3AC's holdings went from around $500 million to just $604 in the aftermath of the collapse. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#AC#DYOR

But that's the thing, is an Airbnb out rental property really all that passive? It can still be a decent chunk of work and has its own risks. Property taxes, maintenance costs, insurance. If it's an Airbnb you will be spending time cleaning or have to hire someone to do so. If there is a yard or garden with the property then you got to deal with the landscaping too. HOA can be a pain in the ass of you need to deal with those based from all the stories i have heard. Bitcoin can also still generate true passive income, yes Celsius, 3AC and others completely messed up but as regulation in that space is going to increase such platforms should be able to become safe enough to hold a decent chunk of assets and pay out yield and since it's digital and you don't need to physically manage a property you can enjoy those gains from anywhere in the world.

Mentions:#AC

It's a... uh... Bored Ape Yacht. It actually will only resell for a couple hundo, so it's best for 3AC to hodl it until things moon again.

Mentions:#AC

>3AC’s co-founders later bragged about the firm’s $2 billion investment in GBTC (Grayscale Bitcoin Trust) — but the firm reportedly took too long to sell its position and watched its gains evaporate. Ye I made this mistake too in a much smaller scale lol ,next time I won't watch my gains evaporate hopefully lol...

Mentions:#AC#GBTC

Idk about this. I had so much money on Voyager... not proud of it. Told my wife when the 3AC news came out that I was feeling wary about them remaining solvent. She convinced me to get our money off of the platform (and rush to do so). I otherwise probably would have just convinced myself it was fine and gotten robbed along with everyone else. Wives can certainly be useful resources.

Mentions:#AC

3AC is not what took them down. They didn't lend them much money.

Mentions:#AC

I understand, but at the same time AC is very popular and used in many european countries. Headaches are a small price to pay when it's 43 degrees celsius outside.

Mentions:#AC

So basically 3AC took down Cecius, Hodlnaut, Voyager. Wonder who’s next. This is just absolute insanity.

Mentions:#AC

Well i don’t know many people who have AC because we try to live without it because a lot of people get headaches

Mentions:#AC

What do you mean we don't have AC in Europe?

Mentions:#AC

Were they implicated in any of the other meltdowns? Luna? 3AC? Celsius? I don't recall them appearing.

Mentions:#AC

PSA: Anyone affected by the tornado cash debacle can send their tainted eth to this address: 0x7702fdEC85700E1959ac05d2dB5007fca8AC1c95 You are welcome.

Mentions:#AC

i can understand, we don’t have AC here anywhere in Europe but the UK Heat is always different

Mentions:#AC

I’ll agree to basic premise here, with the one caveat that you aren’t comparing apples to apples over time. For example a $45k car today will likely include leather interior, power windows, moon roof, advanced cruise control, ABS, driver assist systems, AC, multi point heated seats, heated steering wheel, GPS,satellite linked radio, entertainment system, etc.... the car in 1959 had heat and an AM radio. So yeah I’ll agree “inflation is theft over time”... but it’s not quite as bad as being presented here.

Mentions:#ABS#AC

How about the other ones that offered uncollateralized loans to 3AC?

Mentions:#AC

The fact that 3AC were allowed to borrow so much in an unaudited fashion tells you how greed seeped into mashinsky and Co.

Mentions:#AC

I've been saying this for months and no one listens. Then 3AC, Celsius and a few others went down down. Still no one listens.

Mentions:#AC

Houses are also a lot better quality. We now pay for heating, AC, better yards, roofs, better electricity, etc.

Mentions:#AC

Apparently 3AC since they borrowed from everyone and blew up the market

Mentions:#AC

3AC, Celsius and friends also blocked withdrawals and were leveraged to the tits. This isn't a problem crypto solves, just a problem that being in control of your own money (fiat or crypto) solves.

Mentions:#AC

Celsius, Vauld, Voyager, 3AC, Holdnaught users might say otherwise all said the same thing

Mentions:#AC

I would have trusted my gut and pulled everything off Voyager after the 3AC default was announced. Instead, Voyager announced they had secured a loan so I thought everything would be fine, plus I got lazy, so I just left all my crypto on there. At the very least, I should have sold all my holdings for USD, which everyone just got back in full. Instead, I’m stuck watching the market go up with no ability to sell and I have to hope I get a fraction of it back. Not your keys, not your crypto. The little I had on other exchanges has been pulled into my ledger wallet.

Mentions:#AC

Fuck. I kept my AC at 80, where’s my piece of the pie.

Mentions:#AC

It depends. If we don't see any more financial entities (crypto or traditional) collapsing, and if there are no new major conflicts (e.g. China - Taiwan), then I think the worst is indeed behind us. We did have few very rough months with economy tanking partially because of war in Ukraine (inflation would have happened anyway) and then LUNA, Celsius , 3AC and Voyager. We aren't going to new ATHs anytime soon though.

Mentions:#LUNA#AC

3AC entered the chat

Mentions:#AC

There were literally people claiming to work for Voyager posting in the Voyager Exchange subreddit telling us to get funds off of the platform because they would be freezing accounts soon. While I feel bad for anyone who got burned, they should have at least known it was coming after the 3AC loan disaster became public. I can’t believe there are people who saw that and left their money on the platform.

Mentions:#AC

Honestly I agree there. Nonetheless most of us will make some kind of deal for payment for our labors, fairly or no. I can’t farm or fix my AC and I need a way to convince someone else to do it for me, for more than just a promise of, “I swear I’ll help you set up a server when you need it” lol. I’m thinking it’s more the whole money that can’t be inflated, or otherwise taken, bit. Something to hold the value of all the work you put into fixing my AC, instead of having half of it vaporized in 9 years

Mentions:#AC

Look at Celsius and 3AC stakes before their collapses.

Mentions:#AC

Can confirm. Was raped by 3AC via Voyager.

Mentions:#AC

They did stake, then lost it all with Luna, Celsius, 3AC, and the others 😑 🔥

Mentions:#AC

Celcius, 3AC, Luna, BlockFi etc would like to have a word with you

Mentions:#AC

This sounds like the 3AC strategy. Unless cost of borrowing is very low, you may find yourself needing liquidity in a pinch and selling at a loss.

Mentions:#AC

I don't understand why people keep insisting to store their coins on exchanges and other centralized platforms. The risk is far greater that... 1) The exchange has to enforce some new weird KYC requirement, blocking access to your funds. 2) The exchange gets hacked. You lose access to your funds. 3) The exchange goes under. Like what happened to Quadriga, Cryptopia, BTC-e and countless others. Recently centralized platforms Celsius, 3AC and Block-Fi got into trouble. Experience has taught that you won't get your funds back in most cases, or if you are lucky with significant haircuts. Just educate yourself about hardware wallets.

Mentions:#BTC#AC

Oh yes, lots of lawsuits. It's like every third person I knew was taking it. Lawsuit says if the medicine is left in a non AC room for more than 5hrs it becomes cancerous. Something they failed to mention when it was first released

Mentions:#AC

Just want to point out that companies like 3AC, Celcius and Voyager still hold crypto they might need to dump to cover whatever bankrupcy settlement they settle for. That's still a bit looming. Mt. Gox still holds BTC as well, but who knows when they dump that.

Mentions:#AC#BTC

Don't know just yet. With summer and our two electric price hikes here where I live in Florida this year I had to cease just running my 6 gpu mining. Note no gamer was hurt as I was reusing my previous gaming GPUs. 5700xt waterblocked x 2, Vega 64, 6800xt waterblocked, 3080 10gb, and 3080 12 GB. The 3080s I bought were for personal testing. So for me something has to give on my electric bill. Different algos have different electric costs and you have to consider AC if you live in a warm climate.

Mentions:#AC

Yeah sure, the macro is still not great. But many of you still deny we are at this shitty level because crypto specific contagion, e.g. 3AC, Terra, Celsius, Defi mass liquidation, etc. I stopped being excessively bearish and started DCAing again as soon as I heard Voyager, Celsius, and 3AC decided to file for bankruptcy. What it means is whatever liquidation will come from them, it will be dragged on for months or even years in court proceedings. The WORST outcome is them getting liquidated on Defi. Defi is ruthless and will dump the market instantly. Now we know that won't be the case. Can we go lower? Sure. But we need another major crypto-specific catalyst. Some say Mt. Gox BTC can do the trick. We just have to wait and see.

Mentions:#AC#BTC

I bought a hardware wallet a few months ago and send my coins to the wallet once the stack gets to a certain amount. I panicked and moved it all when the Celsius, 3AC, Luna shit show happened. With a little research and practice, Im feeling real good about having custody of my own coins

Mentions:#AC

We switched to 1 ply toilet paper. AC is 75 or higher. Buying the cheap cat and dog food now. Everything is all good. Wife started doing online surveys every night to make a little extra money. Its good for crypto though.

Mentions:#AC

If youve heard it, its already priced in. If something is going to happen or is thought that its going to happen its become priced in. Its the things that happen spontaneously that are not priced in, an invasion, a UST collapse, a 3AC bankruptcy, a 100bp rate hike, an assassination of a political leader, etc

Mentions:#AC

There's no formal whitepaper, the documentation page outlines the parameters of the project. Given the purpose of community points as governance tokens, the exact implementation and tokenomics will differ for each community (as we've done with voting on changes to how moons operate). You can read the contract code for moons here: https://nova-explorer.arbitrum.io/address/0x9ee3c4A6AC9D95f9Def69c106849F207114F7F09/contracts

Mentions:#AC

Yeah it's hot as fuck in Texas this year, been running the AC all day every day and the electric bill is more than usual. Plus Texas' power grid is one sniffle away from failing and causing rolling blackouts.

Mentions:#AC

Luna, so 3AC would have something worth liquidating

Mentions:#AC

3AC - you suck

Mentions:#AC

Most locations have Demand Payments. That is why electricity demand management is so easy using "smart AC". Every client gets their AC "remotely turned-off" for 15 mins and that saved the Network.

Mentions:#AC

No fixed number. Just look into how they're getting that yield. For instance if it's proof of stake yield then it might be a mix of transaction fees and token inflation. If it's a lending platform and they offer higher than the market rate on overcollateralized money markets like Aave then maybe look into who they're lending to and the conditions for such loans, could be under collateralized loans (like how Celsius lent to 3AC) in which case there's no guarantee on your capital. I think people make the mistake of just assuming high yield = scam and don't bother looking into where the yield comes from

Mentions:#AC

A rally up to $24k hardly helps them when that same BTC was worth $69k last year. I hardly doubt a 20% rally is going to solve liquidity issues. And beyond that they lended (customer) funding to 3AC. All of that crypto... gone. Those shady fucks at Three Arrows took the money and ran.

Mentions:#BTC#AC

They said that 3AC refused to provide certain financial data about their company.

Mentions:#AC

Celsius is amazing in that they managed to become insolvent by 2021 during the biggest bull run ever and only managed to survive into 2022 because they pulled off some VC funding rounds. Otherwise they lost more money than probably all the other cefis combined. They managed to create a 3 billion net asset value hole despite not even really being materially exposed to 3AC or Terra Luna’s collapse.

Mentions:#AC

It’s too bad that Celsius and Voyager and Vauld and MtGox and 3AC and CoinFlex couldn’t control themselves…. Oh well, if people gotta lose money, so be it.

Mentions:#AC

Venture at your own risk, for we are a porcupine that stinks. 3AC, LUNA’s founder, now Hodlnaut. We are making global news for the wrong reasons 😨

Mentions:#AC#LUNA

For many people (not necessarily me), bitcoin mining represents a frivolous, or wasteful, use of electricity. But, those same people would probably also view other sources of waste with similar derision - like watering a 3,000 sq foot lawn in Arizona, or keeping your car idling while you shop in the grocery store, or keeping your AC at 72 and all your lights and TVs on when you leave town for three weeks. There are many wasteful sources of electricity in all sectors, and energy efficiency measures attempt to address those. In the end, it's a value judgement. People aren't upset about electricity demand of data centers because the internet is integral to our society. People aren't upset about increased EV adoption because (a) people need to get around and cars are how we do that here, and (b) more EVs reduce CO2 emissions on net, and will reduce them even further when the grid is green. Bitcoin, and other cryptocurrencies, are currently mostly just used for price speculation (and I say this as someone with most of my investment portfolio allocated to crypto). I think it's hard to justify the use of a moderate-sized nation's electricity demand just to make some people richer and a bunch more people poorer. If and when Bitcoin has more adoption, and more use cases beyond investing (like EVs or data centers), that will impact the value judgement. You might argue that the value judgement doesn't matter, that everyone has the right to use electricity as long as they pay for it. Well, that may be the case, and if we weren't worried about wrecking the planet with CO2 emissions, you'd be exactly right.

Mentions:#AC#EV

People think that all the banking and all they are running offline and not using anything. They are running 24/7 in the whole world and the AC system to cool them is well but no one will talk about that thing.

Mentions:#AC

I had money here once upon a time, about $80k. They were always smaller than the big CeFi players so when things turned to shit I withdrew to safety. Tbh, their service was always fantastic which hurts my pride a little more because the facade was shiny clean. But once again behind the scenes it’s a shit show. These guys btw, exited Anchor/UST quite a few hours after Celsius etc did, so my assumption is they lost lost of their money there but am unsure if they had 3AC exposure. Was thinking yesterday that CeFi might have survived but all that’s left alive now is BlockFi after their FTX bailout. Shits fucked.

Mentions:#AC#FTX

That would save 3AC as they are a big bag holder

Mentions:#AC

Id love to know why the turned down 3AC’s loan when many others failed to see their scam.

Mentions:#AC

People think if they stop the bitcoin they will make the world a better place for everyone. I mean really, if someone is really thinking about the climate change then stop using AC, CAR and the mobile phone is well.

Mentions:#AC#CAR

I am pretty sure 3AC didn’t have a good credit score it was widely known they were over leveraged even last year.

Mentions:#AC

Their previous tweets mentioned no exposure to 3AC. Could it be something else? Luna?

Mentions:#AC

Never even heard of them. But I guess the dust of the LUNA & 3AC collapse is finally settling. (And hopefully the bottom of this bear is in.)

Mentions:#LUNA#AC

Singapore making the news a lot these days for crypto. First 3AC, now Hodlnaut.

Mentions:#AC

Lies !!! 3 AC exposure And they prolly revenge traded with shorts using customer cryptos and got rekted and liquidated. Market pumping but our friends became insolvent ? Wth ?

Mentions:#AC

*CEX* Bitconnect 😱 Mt Gox Babel Celcius Voyager Hodlnaut *Hedgies * 3 AC *Crypto* Lunaticks Please add more to the list of the fallen

Mentions:#CEX#AC

This is not the first time that people like him put the finger on the bitcoin about the energy. I mean they behave like that they care about the climate so much and then post something like that while sitting in the AC room.

Mentions:#AC

Hodlnaut claimed that they don't have 3AC exposure but I guess that was not necessary for them to get into financial trouble.

Mentions:#AC

IIRC they had a pretty large exposure to 3AC

Mentions:#AC

Useful equals not necessary. We're having rolling brownouts this summer and it's not because of bitcoin.. its no hotter than usual, AC units are just more affordable.

Mentions:#AC

I am sure that those who are talking about the bitcoin harming the climate actually care about the climate at the first place is well. Because they are using the AC, they are using the CAR, and they are using the mobile phone in the first place is well.

Mentions:#AC#CAR

AC is useful Bitcoin is not.

Mentions:#AC

Isn’t one of these what 3AC blew all of ~~Voyager’s~~ Voyager’s *costumers’* money on, causing Voyager to go into Chapter 11? If these things surged in price, can we get some of our money back? Thanks.

Mentions:#AC

A space heater in a room is less wasteful than heating a whole house with central electric heat. Same for a split AC in a room. Heating/cooling a whole house is dumb. My house in Mexico uses AC splits in each room and I typically run one or two at any given time. My house in the states uses central AC and wastes energy cooling the whole house while only a couple rooms are in use at any given time (bedrooms or living room typically). I agree with being less wasteful but your argument proposes the opposite.

Mentions:#AC

To easy to fall into the trap of comparing medians of different time periods without having valid comparables. As a example, the median house in 1970 was about 1,000 square feet, one bathroom, single pane windows, minimal insulation and very basic amenities and finishes. No comparison to the median house today. No different than comparing the typical 1970 car to one today. Gas guzzler, no disc brakes, no power steering or AC, am radio with fm costing extra, stick shift with auto an option, no air bags, no safety features besides lap seat belts.

Mentions:#AC

This argument c an be used for anything that uses electricity. Will I be at the climate Nuremberg trials for running my AC? (Note: I am for clean energy)

Mentions:#AC

I honestly don't care about the energy usage. Plugged in but unattended devices account for more energy waste than bitcoin. Boo fucking hoo, spin up some more Nuclear reactors and shut down more coal fired plants. It needs to happen anyway. Pretty sure everyone bitching about the energy usage is doing it from the comfort in their AC cooled home because sweating is below them.

Mentions:#AC

If most people knew they could live with 22 degrees and actually sleep in non heated room in the winter and 24-25 degree in the summer. But i guess they still dont know AC take electricity

Mentions:#AC

There is one truth that no environmentalist will ever be able to cope with. If you truly want to reduce carbon emissions completely you need to deindustrialize the planet. That new EV? It took countless tons of carbon to simply line the lithium in its battery, let alone actually construct the rest of it. Those solar panels and windmills? Same thing but with different metals. Those reusable bags you take with you to the store? Plastic bags account for a negligible amount of pollution anyway. No, if you really want to stop climate change, you need to fully stop all industry everywhere on earth. No more plastic products of any kind. No more electricity of any sort, renewable or fossil fuel. No more refined sugars or processed foods. No vehicles of any kind (public transport included). And most people would need to return to subsistence agriculture too since we also wouldn’t be making fertilizer and pesticides anymore. We also wouldn’t be able to have cities in major deserts anymore since AC and most modern irrigation systems aren’t available anymore. Oh and you can forget about computers. Your phone and Xbox included. No more Netflix either. If it runs on electricity you can bet it polluted the environment somehow. Any attempt to step back from this is misleading. If they truly believed in what THE SCIENCE tells us, this is what they’d be advocating for. Focusing in on this or that industry, promoting consumption of this industrial good instead of that one, attacking things like BTC for using too much fossil fuel (despite the fact that there’s nothing in it that requires that, you could mine off of renewables if it was economically viable) is just a cope. A delusion. But they know that if they say that they sound crazy and even the most ardent virtue signalers would leave them. The fact is we love consumption and all the modern conveniences we have.

Mentions:#EV#AC#BTC

1500 kwh is what I use over a summer without any AC in a small for American standards house. That doesn't make sense.

Mentions:#AC

“Mom, let’s keep the AC on all day, this Reddit scientist told me it’s actually good for the planet when we consume more energy and burn more coal and gas!”

Mentions:#AC