Here’s the latest from Amy and me on the collapse of the CeFi Markets. This time it’s Amy’s turn, so head over to her blog. [Amy Castor]
Covered this issue:
- The Celsius situation — tl;dr all the money’s gone.
- A taxonomy of Celsius offerings. Celsius is asking that certain types of customer get most of their money back first.
- Vermont describes Celsius as a Ponzi, and thinks they’ve been insolvent since 2019.
- Celsius Monopoly!
- Voyager has a “341” creditors’ meeting
- Why would anyone buy Voyager anyway?
- SkyBridge gets mutually into hock to FTX
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Please dona poit-by-point rebuttal to https://www.michael.com/en/resources/bitcoin-mining-and-the-environment.
For example: Bitcoin mining can “empower the world”
“This is supported by the ability of a bitcoin miner to monetize any power source, anywhere, anytime, and at any scale.” Yeah, right. Ask poor people in Africa with lots of sun and crummy internet connections about crypto empowering them. Mining is all about corporations creating data centers to turn energy into money while helping noone but themselves.
I’m going to run away to Nashville tomorrow rather than do any such thing ;-p
Then can you at least use the accountants’ proverb (“On the left, nothing’s right. On the right, nothing’s left.”) in your next post on Celsius/Voyager?