3464

You all can laugh all you want, but commenter AlexTS over at coinmarketcap says “Keep strong, imagine if market will bounce back”.

3465

Imagine how hard it’ll bounce when its downward velocity is infinite!

3466

Hey remember when Odell Beckham Jr. said he was taking his NFL salary in bitcoin?

The Action Network is reporting that the deal was made on Nov. 12, a week after the veteran receiver’s release by the Cleveland Browns and a day when a bitcoin cost $64,158…

It’s at $23, 269 right now. Here’s the kicker, though. Apparently OBJ will have to pay taxes on the $64k valuation. Once a Brown, always a Brown…

3467

Doesn’t that mean that he made negative money?

3468

While it’s funny to think about, that’s not really how it works. The NFL and NFLPA agreements don’t make crypto payouts an actual real thing. At the very least because what kind of salary cap shenanigans teams could get up to. What happened instead is that OBJ signed a deal with “Cash App” to convert his dollar salary in some way. I think that it’s super unlikely that he wasn’t paid some kind of sponsorship payout to do it with them and advertise them. Obviously he totally could end up losing money on it, but he also could have some contractual clause to protect him. These companies were pouring money into Super Bowl adds with Matt Damon and stuff, no reason to think that they wouldn’t have done this at a loss too.

3469

I’m still wondering what happens to the Lakers stadium naming rights when their new title sponsor goes belly up…

3470

Paper Clips Center? That’s my vote.

3471

Well Enron used to name the Astro’s stadium.

3473

Going well.

BlockFi, a platform for trading and lending cryptocurrency, announced via a blog post on Monday that it’s laying off 20 percent of its 850 employees — around 170 to 200 people. CEO Zac Prince said in a Twitter thread that the layoffs can be traced to a “dramatic shift in macroeconomic conditions” and BlockFi’s push to become profitable.

It’s not the only crypto company letting workers go. On Friday, Crypto.com (the company with the Super Bowl ad featuring LeBron James) announced that it’s laying off around 260 workers, or around five percent of its workforce, according to a Twitter thread from its CEO, Kris Marszalek.

3474

That the Chicago Mercantile Exchange has fewer employees than Crypto.com is so hilarious to me.

3475

If they were smart to be paid upfront some amount, they can double dip. If they didn’t, well, scramble.

3476

And the price continues to drop.

3477

What’s funny was this article was written before it REALLY tanked…

So how’s this idiot doing now that he’s lost shitloads of his country’s money?

oh yikes

3478

Nayib is nothing but a run of the mill third world leader who embezzles his country’s wealth. Except it didn’t go to his own bank account but the btc whales who sold near top.

I made a comfortable profit gambling with crypto in 2021 and decided to withdraw 95% before the end of the year. I did it out of sheer risk aversion, not any prophetic intuition. Turned out to be a great time!

3479

(3 hours ago) Well, it looks like the fireworks are over for today and it’s stabilizing …
(Comes back later) It looks like it’s stabilizing … at a level $1,000 less than it was 3 hours ago. Ouch!

3480

Ouch, $21,500 right now. You weren’t kidding!

3481

Is it finally time to buy the dip?

I kid, I kid.

3482

lol

image

3483

How does Bitcoin work in a dystopia without power, computers and connectivity? Will Kevin Costner’s Postman accept Bitcoin?

3484

It is easy you just convert your Bitcoin to Nuka-Cola bottlecaps at the Gun Runners shop in Vegas.