the dollar is still king

[superstriper]

today is the death of crypto

el salvador president should run and hide

when the exchanges cant be trusted the game is over

do folks still believe that digitial currency is the future?

 

[Fishhead7]

Isn't this only a ponzi scheme anyway?

[RegDunlop]

24 mins ago, superstriper said:

today is the death of crypto

el salvador president should run and hide

when the exchanges cant be trusted the game is over

do folks still believe that digitial currency is the future?

 

What happened?

[superstriper]

3 mins ago, RegDunlop said:

What happened?

exchanges one by one are going belly up and are not solvent -FTX dying is huge-FTX was playing saviour and now needs to be saved-no trust in the exchanges and crypto will cease to exist -

[RegDunlop]

Just now, superstriper said:

exchanges one by one are going belly up and are not solvent -FTX dying is huge-FTX was playing saviour and now needs to be saved-no trust in the exchanges and crypto will cease to exist -

Well that is bad news. 
 

 

I just checked my Coinbase app account.  It’s down from $23 a few weeks ago to just under an Andrew Jackson today.    
 

Will Coinbase still exist?

[RegDunlop]

What will happen to bitcoin and ethereum?

 

 

counbase gave me free coins ( not bitcoin or ethereum) for taking quizzes with the answers attached.   I then sold those and bought my first bitcoin and ethereum.  This was 2 years ago.  
 

 

looking around the app now, I see they are no longer giving away free “coins”

[sbcbmx112]

39 mins ago, superstriper said:

today is the death of crypto

el salvador president should run and hide

when the exchanges cant be trusted the game is over

do folks still believe that digitial currency is the future?

 

lol what?  i guess you never heard about mt. gox?

 

crypto exchanges not being trust worthy has been an issue since the birth of crypto.  there is a reason the #1 rule of crypto is if don't own the private key you don't own the coins.

[superstriper]

4 mins ago, RegDunlop said:

Well that is bad news. 
 

 

I just checked my Coinbase app account.  It’s down from $23 a few weeks ago to just under an Andrew Jackson today.    
 

Will Coinbase still exist?

I am out of the game over a year and was just in etherum but it is scary to have exchanges going under-definitely regulation is coming-there is so much money "invested" i think big whales will prop it up as they get out and it has been "over " many times as supporters will say which is true but if people dont trust the exchanges it is a problem

[superstriper]

2 mins ago, sbcbmx112 said:

lol what?  i guess you never heard about mt. gox?

 

crypto exchanges not being trust worthy has been an issue since the birth of crypto.  there is a reason the #1 rule of crypto is if don't own the private key you don't own the coins.

nobody thought FTX could go under 

[sbcbmx112]

3 mins ago, superstriper said:

nobody thought FTX could go under 

long term this isn't even a blip

[fishweewee]

The USD is hardly king.

 

This is. 

 

I've been saying it for DECADES here on SOL

 

No matter what you guys say 

 

The numbers don't lie

 

[superstriper]

Just now, fishweewee said:

The USD is hardly king.

 

This is. 

 

I've been saying it for DECADES here on SOL

 

No matter what you guys say 

 

The numbers don't lie

 

my point was to illustrate fiat currency will not be replaced

[fishweewee]

it's early days.

 

 

[superstriper]

2 mins ago, sbcbmx112 said:

long term this isn't even a blip

that is nonsense one by one we are seeing the exchanges dont have money to cover their liabilities 

FTX was called the saviour and even just a few days ago bankman said the company was fine

 

 

[superstriper]

if binance goes it is  over