Thread 60619099 - /biz/ [Archived: 496 hours ago]

Anonymous ID: grs4W/Vp
7/13/2025, 2:47:13 PM No.60619099
andy_fastow
andy_fastow
md5: 277ae8dc357cb96542d5692187f81221🔍
Is there or will there be discovered a modern day Enron?
What warning signs should investors have seen?
Seems like nobody bothers to commit fraud on such a grand scale because the federal reserve does it for free.
Replies: >>60619106 >>60619122 >>60619145
Anonymous ID: oOH8qRVg
7/13/2025, 2:49:47 PM No.60619106
>>60619099 (OP)
Solana is 99% smoke and mirrors.
Replies: >>60619148
Anonymous ID: kThSmKP+
7/13/2025, 2:56:05 PM No.60619122
neng
neng
md5: 3401f9e36bdc9562b7419600d24c02ce🔍
>>60619099 (OP)
Institutional scammers crashed housing of all assets in 2008. Now they are all in on crypto. Crypto is made of pure scamium. They will find a way.
Replies: >>60619163
Anonymous ID: kThSmKP+
7/13/2025, 3:02:25 PM No.60619145
>>60619099 (OP)
The problem with crypto this year is that pretty much any news or press release is a warning signal. The hodler cultists, Saylor Moon the founder of the dotcom bubble pop, staking, Solana and Hyperliquid, the whole PR trying to convince illiterate people of value where there is nothing but layers of fat and smokes and mirrors. Crypto is promoted as an inflation fix, but has dozens of traps that are worse and better hidden than inflation if it becomes mainstream, it's mostly centralized, a statistical consequence of its design principles, but shilled as decentralized, it's hilariously expensive, lacks guarantees and insurance, pushes responsibility to the end user, claiming safety for something that is in practice abysmally unsafe, then blaming the user and shaming him into silence. I'm in to grab money from you, but I certainly don't believe that this will "fix" anything, it will make matters a lot worse.
Replies: >>60619163
Anonymous ID: grs4W/Vp
7/13/2025, 3:03:06 PM No.60619148
>>60619106
I was on the fence about saying crypy. On one hand there is a lot of actual fraud, on the other every one is an active participant in basically a decentralized ponzi scheme.
Anonymous ID: grs4W/Vp
7/13/2025, 3:08:10 PM No.60619163
>>60619122
True, I overlooked how institutionalized crypto has become. People forget it goes down as fast as it goes up. Even if it went to a million and then down to 500k you'd have people over leverage at the ath and then get rekt even at the high price.

>>60619145
Shit I forgot all about the sailor, that's going to end in disaster for sure.