Coinbase

[QuarterMillionMan]

Delightful - thank you QMM.

James another drop $3 Shping. It's been a while since the last drop but better late than never.

[myrdale]

From what I gather (may be mistaken), it was a crypto wallet company that has gone belly-up, taking with it over $1B (with a "B") in various crypto currencies.

Use that accurate? Does this failure & it's aftermath indicate any sort of danger in the crypto arena?

My understanding is FTX is a token used by their exchange. The value of FTX has dropped from $25 to <$2 over the last few weeks. It is not clear to me that if you have a wallet on their exchange that you have lost other cryto you may have there, only the value of what you have in FTX.

I did watch a few older interviews of this guy, and he seemed to push the idea of their exchange being similar to a bank. Also just because the bank went bust, doesn't mean the banker did.

As far as danger, I don't believe so. When you realize the US Federal Reserve system is all based on faith, you'll realize cryto isn't that much different.

[disneysteve]

All I know is the owner Sam Bankman Freid's wealth went from billionaire status to average Joe per the news but it's hard to believe someone that rich didn't diversify and have other investments.

I don't follow crypto at all and have no idea what happened in this case, but I've read enough stories that have said some people were all in with crypto putting their entire portfolio into it because they were convinced it was the way to go. So I have no trouble believing that this idiot did just that.

[QuarterMillionMan]

All I know is the owner Sam Bankman Freid's wealth went from billionaire status to average Joe per the news but it's hard to believe someone that rich didn't diversify and have other investments.

[kork13]

I know this is OT, stop my apologies.... This is just the most recent/active thread on crypto.

I'm not following it closely, but what's going on with this FTX debacle? From what I gather (may be mistaken), it was a crypto wallet company that has gone belly-up, taking with it over $1B (with a "B") in various crypto currencies.

Use that accurate? Does this failure & it's aftermath indicate any sort of danger in the crypto arena?

[james.hendrickson]

Another drop, $3 in 00 token.

Delightful - thank you QMM.

[QuarterMillionMan]

Good point QMM, you still have to pay taxes, even on "free" money.

Another drop, $3 in 00 token.

[james.hendrickson]

Good point QMM, you still have to pay taxes, even on "free" money.

[QuarterMillionMan]

I retrieved this misc income from the taxes section. I think this is all the "free drops" that you call it that I scooped up over time.

[james.hendrickson]

All - another coin just dropped on Coinbase's learn and earn program. Its a Web3 integration platform called XCN.

Grab it while its hot.

[QuarterMillionMan]

These free money drops as James calls it are pretty lucrative. Ask James for his friend referral code if any of you decide to sign up. Just like when signing up for other services such as Cash App, Robin Hood, even switching cell service companies are competing for your business and they all offer some generous friend referral promotions. Take advantage of it and reap the rewards is what I tell my friends and family and don't just sign up blindly.

[james.hendrickson]

$3 NEAR protocol is available now. Scoop it up before it's gone.

Grabbed that, thanks QMM!!!!

[QuarterMillionMan]

QMM - go it, thanks for the heads up. Some of the coins are going to be worth something in the long term.

$3 NEAR protocol is available now. Scoop it up before it's gone.

[james.hendrickson]

QMM - go it, thanks for the heads up. Some of the coins are going to be worth something in the long term.

[QuarterMillionMan]

QMM - it didn't charge me anything as near as I can tell.

Another drop as you say James, $3 Sandbox today.