[FRIAM] (not) leaving Twitter

[glen]

I know, right. My Ada's down from $200 to $100! I'm not quite sure how I'm gonna pay the rent. /s

I saw some post on Mastodon that I can't find now. The person was lamenting FTX and how they knew 2 people personally, one who lost $90k and another who lost something like $10k. And he closed with "neither of which could afford it." Maybe I'm cruel. But my first thought was, why in hell did you have $90k in crypto if you couldn't afford to lose it? I mean, I know there's a sucker born every minute ... but $90k? I could live for at least a couple of years on that. To even have 90k to invest *at all*, anywhere, implies something.

On 11/16/22 08:44, Marcus Daniels wrote:
> Lol, well I guess I bought the right Proof of Stake crypto.  (Not really, I got demolished too!)
> 
> -----Original Message-----
> From: Friam <friam-bounces at redfish.com> On Behalf Of glen
> Sent: Wednesday, November 16, 2022 8:39 AM
> To: friam at redfish.com
> Subject: Re: [FRIAM] (not) leaving Twitter
> 
> More Billionaire news [sigh]:
> 
> What happened at Alameda Research
> https://milkyeggs.com/?p=175
> 
> On 10/31/22 10:28, Steve Smith wrote:
>> Great quote from CDs screed:
>>
>>      "Every billionaire is a policy failure, but every billionaire is also a factory for producing policy failures at scale."
> 

-- 
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