Quote from: BobLawblaw on Today at 05:47:04 PM

Quote from: BobLawblaw on Today at 12:41:15 AM

Quote from: degxtra1 on Today at 12:34:01 AM

Btw - I'm curious what is the news. Or just mannered shorts liquidation?

3AC blowing their margin call, and BlockFi firesale @ $25M

Oh, before I forget, I wanted to add tokenizing Roger Ver's $48M blown margin as rvCoin - an additional insult of the absolute highest degeneracy - we are seeing VC-backed entities being utterly destroyed by contagion and being way over leveraged since things took a downturn.

I love it.

Flush out all the weak hands and degenerates.

I couldn't care less if we see Vegeta memes again at this point. It's all good and needs to happen, if it happens.

Stay frosty, my friends.

Oh yeah, speaking of which, Monday is two weeks sober. Dun fucked my liver up a bit from my day-drinking catching up with me. Going through a serious detox process, and seeing a liver specialist next week to get myself back to baseline values. Nothing the liver can't bounce back from, but I absolutely need to quit the alcohol intake to absolute zero during this process.

Life and responsible adulting can be hard sometimes.

Have a super weekend, frens.

This completely describes my most favorite part of where we are currently at. This is a reckoning for people who have tried to shoehorn bitcoin into the same sorts of manipulative games that the big boys have been doing in fiat for 50 years (and more if you consider some of the aspects of monetary history. And I wish I could go back and find a twitter conversation I was having with Caitlyn Long where we were going back and forth on rehypothication and I said something along the lines of. They will try it, and they will do it the way it has always been done, and they will get burned and destroyed by bitcoin.

I did not really know for sure if I would be right, and now I do. At least for now? Will they figure out a way to work their tricks? I do not think so, but I could be wrong.

I think fractional bitcoin setups (banks? lenders?) with the RIGHT parameters is a place where great money could be made. But with no bailouts, and no lender of last resort. The game board is COMPLETELY different. Maybe the FTX guy with all the names will prove to be the one that figures it out, though I hope not since he seems to be anti-bitcoin really.

As to the alcohol. I salute you. And will say, I am on my own "drying out bender" currently thanks to some recent bumps in my road that make that path much less than optimal. Gabaergics are my weak spot. That one is one of the most dangerous.