Garage Gazette

General Category => POLITICS (IF YOU DO NOT LIKE POLITICS, THEN DON'T GO IN HERE! => Topic started by: TexasT on November 17, 2022, 01:44:42 PM

Title: FTX debacle
Post by: TexasT on November 17, 2022, 01:44:42 PM

So, this guy and his cohorts/accomplices managed to horn swaggle billions of dollars and make them disappear. Giving over $40,000,000 to political contenders. My favorite line was where one opponent called for the candidates to give that money back so the investors could get some of theirs back. What a pipe dream.

On a side note, in accordance with W Buffet advice, "Be scared when others are greedy, and Greedy when others are scared." I am ready to look into putting some of my hard earned fiat into some of this imaginary crypto. It has fallen so I feel like I am buying at the "right " time.

Any one else into this crypto and have any advice?
Title: Re: FTX debacle
Post by: TexasT on February 05, 2023, 08:58:49 AM
https://www.thedailybeast.com/tyler-gallagher-of-regal-assets-took-their-millions-for-gold-and-vanished

Not exactly on the FTX level but a scammer none the less. Be careful out there with your funds.
Title: Re: FTX debacle
Post by: goodfellow on February 05, 2023, 10:29:14 AM
Quote from: TexasT on February 05, 2023, 08:58:49 AM
https://www.thedailybeast.com/tyler-gallagher-of-regal-assets-took-their-millions-for-gold-and-vanished

Not exactly on the FTC level but a scammer none the less. Be careful out there with your funds.

Seems like everything in the investment world these days is designed to work like a giant casino . Whether legitimate or illegitimate, "the house" always wins.
Title: Re: FTX debacle
Post by: Lookin4_67GalaxieConv on February 05, 2023, 11:55:09 AM
Crypto seems like a giant scam to me.
Title: Re: FTX debacle
Post by: gtermini on February 05, 2023, 02:15:55 PM
https://www.oregonlive.com/politics/2023/02/oregon-elections-director-who-worked-for-democratic-party-will-not-recuse-herself-from-investigation-into-partys-crypto-donor.html

FTX was deep in The Swamp, and the Dems sure ain't gonna fess up about it.

Quote
Crypto seems like a giant scam to me.

I love the principle of crypto. that is, being a decentralized currency independent from gov't manipulation. However, people trying to use it as a get rich quick "investment" has destroyed it's stability. So yes, it has become just another giant scam, which kinds sucks.