rei
3871
I posted her in the NFT thread here thinking she was a bot or parody but apparently she’s a real person and compares herself to Buddha.
Oooooh…so she’s a crazy person.
Went to her website and while she says some crazy things, at least she recognises that 95% of the token projects are Ponzi schemes.
(Edit: actual number being of course 100%)
I wonder how much more crypto exposure this, and other pension funds have.
They should never have invested, but as the article points out, it’s a tiny fraction of the pension fund portfolio. Even if the position is completely wiped out, it’s literally a rounding error.
Aceris
3877
Not for whatever bright spark realised they could get a promotion by starting a crypto investing unit within the larger org. (Irrespective of the fact there was never any realistic chance of the kind of consistent long term returns a pension fund needs.)
Sure. Someone is getting fired, and should be. But the point is I wouldn’t worry too much if you have a pension with Caisse ,other than that it might be indicative of poor risk controls in general.
jpinard
3879
I just can’t understand why this keeps happening?! /s
Lurb
3882
I have a token bridge for sale if anyone is interested
I would totally buy an NFT of a token bridge! (not!)
How about an NFT of an NFT of the token bridge? You’re more removed from the bridge, so less risk!
Enidigm
3885
If the bridge falls down the NFT of the bridge remains.
Blockchain > Blocks
jpinard
3886
As crypto continues to crumble, I’d bet hard money some of the owners/founders of these exchanges and funds are “hacking” their systems themselves to bleed them of funds as they see the writing on the wall.
I’ve liquidated some shorts in my time.
Scuzz
3888
Last I looked Bitcoin had rebounded to $23k from a low of $20k. I find it amazing there are still buyers out there.
ETH is up recently as well ($1.6k vs. its 2022 low of $879 - though still well below its 2022 high of $4.8k.)
Reminder that with every round of sell-offs, holdings of Bitcoin become more and more consolidated. So it’s true believers selling amongst themselves. Here’s an interesting chart I hadn’t looked at before - Bitcoin trading volume over 5 years. It’s way down now over the frenzy of 2018.
:format(webp)/https://www.thestar.com/content/dam/thestar/business/opinion/2022/07/28/the-loss-from-its-150-million-investment-in-a-now-bankrupt-crypto-bank-if-it-comes-to-that-would-appear-to-result-in-part-from-an-epic-failure-in-due-diligence-david-olive-writes/caisse_de_d_p_t_jpg.jpg)
