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r/BitcoinSee Post

FTX' AND IT'S TOKENS? ONCE AGAIN BTC IS NOT CRYPTO!

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r/CryptoCurrencySee Comment

That motion, to a layperson, sounds wildly insufficient if not a waste of the courts time? The NATURE of the money is completely ignored, and it seems they're trying to do what? What is this? Why should anyone care he can't afford an attorney? Did they read him his Miranda rights? Why different rules? Get a damn public defender dude

Mentions:#NATURE
r/CryptoCurrencySee Comment

**Firstly** \- no FTX wasn't subject to the same regulations as far as I know. They operate under different rules. Particularly their BAHAMAS BASED operation. **Secondly** \- Madoff was a fund operating under prospectus exemptions what was only available to ACCREDITED INVESTORS. This is different. Madoff's scam was actually largely done because he was able to AVOID many regulations that mutual funds and ETFs with a prospectus must follow. To put it another way, Madoff operated a PRIVATE PLACEMENT that allowed him to skirt certain reporting. This is an example of where "looser" regulations allowed a criminal to commit crimes. It's more than I am willing to explain, but this should give you an idea. Madoff's private fund was not regulated like say your Charle's Schwab brokerage account or even your Fidelity Mutual Fund or Vanguard ETF. **Secondly Secondly** \- Theranos was was fraud. They seemingly lied about what they did. Publicly traded companies lie sometimes. That's a crime. To compare this to segregating funds at a brokerage is wrong. Different things. So to go back to square one. You are comparing apples to mobile homes. Different things. I'm speaking specifically of BROKERAGES who take people's money on deposit being LEGALLY REQUIRED to keep client assets SEGREGATED so it is NOT POSSIBLE to take the money. Madoff was different. Theranos was different. Your point, though, that criminals will always exist is correct. To say the real fuck ups were the VCs exposes you, with all due respect, as not knowing what you are talking about. Every single VC investor with FTX knew their downside was 0 but their upside was 10X or 100X or more. THAT IS THE NATURE OF VC DEALS. **Here is how every VC deal works :** \- We get a company with a good idea. \- We start making a bit of money. \- We raise capital on the cheap to early investors who wants to make a pile. \- We expand, produce reports that we're doing great and our growth is going to be awesome. \- We raise more money at a higher price to newer investors who also want to make a pile. \- We produce more reports on how awesome we are and have great projections AND now we promise an IPO. We get even MORE money. To put it plainly, VC deals involve private companies and every VC investor knows the paperwork might be bullshit but they are comfortable losing their $10 Million with the chance of getting $100 million. I only need 2 out of 10 deals to work for me to make money. Simplistic example, but you get it. VC deals are ingerently HIGH risk and HIGH rewards and often are full of fuckery. I guess in summary, regulations aimed squarely at consumer protection are absent from crypto and part of traditional stock investing. This should change.

r/CryptoCurrencySee Comment

everything pumping except DOGE NATURE IS HEALING

Mentions:#DOGE#NATURE