Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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Sam Bankman-Fried sentenced to 25 years in prison (www.web3isgoinggreat.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 9 months ago (1 children)

Were there not a fair pile of 'mom and pop' / young idiot 'investors' who got on the hype train and put in thousands or tens of thousands?

[–] ThrowawayPermanente 7 points 9 months ago (1 children)

That was probably the large majority. Anybody who knew what they were doing didn't leave their money on FTX.

[–] [email protected] 8 points 9 months ago (1 children)

the fall of FTX took out large swathes of the remaining crypto economy, especially in Africa. Everyone just used FTX as a shitty bank.

but then, if they knew what they were doing, they wouldn't have gone near crypto

[–] ThrowawayPermanente 4 points 9 months ago

Well yeah, you're right, it was more than just an exchange failing