Looks like he paid $300 grand to get it back.

I suspect this is a stunt, because “creates television show pilot for NFT that is subsequently stolen” is just too fucking funny, but who knows anymore.

One of my fav guys in show business is getting crypto stupid :(

Nor will he pay for the people that could make it work. I mean, he might try to hire them…

Nevermind. He could get deluded crypto assholes to work for him. But they would only rob him. And that’s fine with me. Wait for Melania to bitch about losing millions.

ETH still in freefall:

An interesting phenomenon over the last month is that Ethereum has been trending down, while Bitcoin has been volatile day-to-day but flat overall. This may be simply because NFTs are flopping and they’re on ETH.

(Alternately, perhaps someone is defending Bitcoin’s price? In which case the question becomes how much longer they can afford to defend it.)

As people are continually crunched for money people are going to have to keep pulling their funds (except the rich). So it’ll be interesting how long they can prop it up.

Oh, huh. Looks like RTX GPUs might actually become affordable…

I imagine the Bitcoin whales are willing to sacrifice their Ethereum holdings to keep Bitcoin propped up; Bitcoin is a much higher percentage of their total net worth. They’ve been manipulating BTC price for a long time now, so I imagine they are pretty good at it.

I wonder if any of the recent drop has to do with Ethereum’s planned move to proof-of-stake. While the switch seems to be perpetually “in six months”, it just had a successful test run of the merge, which is apparently an important step to the switch.

I love that guy. Reminds me of Wil Wheaton.

… and no sooner do I say that than Bitcoin suddenly nosedives, leaving it down 14% over the last month.

But hey, 8% inflation per year for the dollar means fiat is clearly useless and crypto is the future. It’s obvious!

LOL

Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.

A lot of people getting screwed bad because of that. Saw this posted as well:

Ruh roh. Insolvency means they’re gonna “activate” another “clause” in the terms of use:

"Celsius does not make any representation as to the likely treatment of Digital Assets in your Celsius Account, including those in a Custody Wallet, in the event that you, Celsius or any Third Party Custodian becomes subject to an insolvency proceeding whether in the U.S. or in any other jurisdiction. You explicitly understand and acknowledge that the treatment of Digital Assets in the event of such an insolvency proceeding is unsettled, not guaranteed, and may result in a number of outcomes that are impossible to predict reliably, including but not limited to you being treated as an unsecured creditor and/or the total loss of any and all Digital Assets reflected in your Celsius Account, including those in a Custody Wallet. "

mmmm, how’s that “unparalleled economic freedom in the hands of the people.” working out. ROFL.

Wow, the crypto subs on Reddit sure are different now. People are finally waking up to the fact these coins do nothing and are at best a scam. Never thought I’d see a day where there was more soul searching vs. “ape” “retard” “crypto-bro” talk.

Oh, I guess there were no laws requiring these to be treated the same as bank deposits. The total lack of regulation is a feature, not a bug right?

I mean, if people are going to dip their toes into crypto, that’s one thing, but absolutely throwing away their life savings… even if we save them from themselves on this, it’ll be the next thing that will wipe them out.

Every time I bring up some threads, there’s at least 5 people saying they lost their life savings cause x coin lost so much value. I’m just aghast people are that naïve (greedy?) to put their life savings into a crypto coin.

It’s kind of heartbreaking to hear of people in their 70s, 60s or even 50s losing their nest egg. There’s no coming back from that.