Make a Contribution to Remove NSFW Ads

Official BGOL Crypto Currency Thread ★★★★★

RoomService

RoomService

Dinner is now being served.
BGOL Investor
darth frosty

darth frosty

Dark Lord of the Sith
BGOL Investor
RoomService said:
  • About $90 million has mistakenly gone out to users of popular DeFi staking protocol Compound and the founder is begging users to voluntary return the tokens.

www.cnbc.com

DeFi bug accidentally gives $90 million to users, founder begs them to return it

About $90 million went out in error to users of Compound, a decentralized-finance staking protocol. The founder is begging users to return the tokens.
www.cnbc.com www.cnbc.com
Click to expand...
sheit-well.gif
 
xxxbishopxxx

xxxbishopxxx

Rising Star
BGOL Investor
RoomService said:
  • About $90 million has mistakenly gone out to users of popular DeFi staking protocol Compound and the founder is begging users to voluntary return the tokens.

www.cnbc.com

DeFi bug accidentally gives $90 million to users, founder begs them to return it

About $90 million went out in error to users of Compound, a decentralized-finance staking protocol. The founder is begging users to return the tokens.
www.cnbc.com www.cnbc.com
Click to expand...
According to the article, they are willing to let everyone keep 10 percent. I thought it was funny that their only play is to threaten to tell the IRS on anyone that doesn't give back at least 90 percent of the money they got by mistake.
 
Last edited:
M

Mrfreddygoodbud

Rising Star
BGOL Investor
M

Mrfreddygoodbud

Rising Star
BGOL Investor
G

guyver

Rising Star
Platinum Member
Mrfreddygoodbud said:
Dont LIE BE HONEST

WHAT would YOU do...?? would You return it,

Or get a one way ticket to the Ukraine

lol
CRYPTO DECODED
DeFi bug accidentally gives $90 million to users, founder begs them to return it


www.cnbc.com

DeFi bug accidentally gives $90 million to users, founder begs them to return it

About $90 million went out in error to users of Compound, a decentralized-finance staking protocol. The founder is begging users to return the tokens.
www.cnbc.com www.cnbc.com
Click to expand...

For those people who pay taxes, I'm not seeing the threat especially if it's free money to start with.

I don't know anything about how compound works as in is it supposedly a decentralized platform. If it is considered that, how would they have your personal information to report you to anyone? Are they secretly tracking users and retaining their information? If they were upfront about tracking information or it was provided by the user, it isn't an issue outside of threatening to report people to the IRS
 
M

Mrfreddygoodbud

Rising Star
BGOL Investor
guyver said:
For those people who pay taxes, I'm not seeing the threat especially if it's free money to start with.

I don't know anything about how compound works as in is it supposedly a decentralized platform. If it is considered that, how would they have your personal information to report you to anyone? Are they secretly tracking users and retaining their information? If they were upfront about tracking information or it was provided by the user, it isn't an issue outside of threatening to report people to the IRS
Click to expand...

Yea seems like they are gonna be in this mess for a minute..

but if you found a few milly in your crypto wallet and you could get away with it..


would you be able to do it with ease.....??

Personally I couldnt do it knowing other crypto users are going to be fucked up by it...

now if it was a fuckin bank that fucked up with untraceable money,

then hell yea I keep that shit..

they rob from us all the fuckin time... unless you watch every fuckin

nickel of your money and credit line
 
G

guyver

Rising Star
Platinum Member
Mrfreddygoodbud said:
Yea seems like they are gonna be in this mess for a minute..

but if you found a few milly in your crypto wallet and you could get away with it..


would you be able to do it with ease.....??

Personally I couldnt do it knowing other crypto users are going to be fucked up by it...

now if it was a fuckin bank that fucked up with untraceable money,

then hell yea I keep that shit..

they rob from us all the fuckin time... unless you watch every fuckin

nickel of your money and credit line
Click to expand...

I doubt that I would keep it, but alot of people believe in code is law when it is in there favor. When it isn't, they want to reverse transactions.

For me, it comes down to treating others how I'd like to be treated.
 
M

Mrfreddygoodbud

Rising Star
BGOL Investor
guyver said:
I doubt that I would keep it, but alot of people believe in code is law when it is in there favor. When it isn't, they want to reverse transactions.

For me, it comes down to treating others how I'd like to be treated.
Click to expand...

facts..

Holy shit bitcoin is moving... october is going to be interesting as fuck....

starting off like this a bullrun could be huge...
 
M

Mrfreddygoodbud

Rising Star
BGOL Investor
tpotda said:
you think it'll really hit 63k this month?
Click to expand...

very possible,

but if you ask me, the markets are being very manipulated now because world govts

are sacared and when I say world govt, I mean the central banksters...

its very possible...

it wouldve been even more possible if china wouldve shut the fuck up,

and world govts werent so shook to death, over crypto....

well to be honest.. since

they cant lose the gluttony

they SHOULD be..

LOL
 
gene cisco

gene cisco

Not A BGOL Eunuch
BGOL Investor
guyver said:
For those people who pay taxes, I'm not seeing the threat especially if it's free money to start with.

I don't know anything about how compound works as in is it supposedly a decentralized platform. If it is considered that, how would they have your personal information to report you to anyone? Are they secretly tracking users and retaining their information? If they were upfront about tracking information or it was provided by the user, it isn't an issue outside of threatening to report people to the IRS
Click to expand...
Cats full of shit. In the crypto game talking about running to the IRS. That's like a dope boy calling up the pigs after his door gets kicked in and telling them 5 bricks missing. That's the cost of doing business buddy. With true decentralization, comes risk. Ain't no ratting wallets hoping they lineup with U.S. accounts at fiat gateways. That's bitch shit.

Just say it would be 'nice' if those who got the money returned it, otherwise you look like a clown to true crypto folks. And true crypto folks the only ones really fucking with a lot of these platforms right now.

We all play this game and no there aren't any get backs. Double, triple, quadruple checking addresses. We know what is done is done in true decentralized spaces. No calling customer support to get our money back if we fuck up.

I'm for true decentralization without censorship and take the good with the bad.
 
M

Mrfreddygoodbud

Rising Star
BGOL Investor
T.H.E. Brew$er said:
Men and women living in any of the several states (commonly called Americans) can do whatever they want as long as they don't infringe on the rights on another. U.S. CITIZENS (and or U.S. Persons) on the other hand are the ones that the restrictions fall upon. Americans are not banned from anything it's U.S. Citizens that the bans fall upon. Best thing to do is to understand how to conduct oneself properly depending upon the role one is playiing.

It is correct to say that most folks don't know how they are caged. Voting is confirmation of one's consent to subjugation (for Christ's sake, the act of voting is termed as suffrage).

The international "money" game is being played in Bitcoin. Accreditation is for dealing with fiat currencies. Stop playing in the fiat game, accreditation goes out the window and one can find out there is no leash.

KYC/AML are how big fiat is going to eventually flow into the space because they have no choice if big fiat wants to get into the crypto game. Projects that want that kind of fiat investment have to make it easy for bankers so the projects comply with governments crazy enforcement regulations.

Cardano building with PRISM and on-boarding students in Ethiopia and using Dish is worth watching.

the Tezos staking lawsuit arguing that created property from staking isn't income is interesting. Would like them to test the the Eisner determination of income from the SCoTUS. IMHO, the staking rewards are taxable if there is a U.S. nexus. Since the Tezos foundation is Swiss, the only nexus is either through the staking agent of self deceleration.

Remember, the IRS does not make legislation (statutory law) they only implement the regulations derived from legislation through policy and propaganda. What the agents from the IRS "say" is irrelevant. Know the legislation reads and how to make the agents adhere to limitations.

ETH staking (or any other kind) regulation can only be enforced on institutions (fictional entities) and persons (fictional entities) under said jurisdiction not actual people (except those people who act as if they are persons)

It is only criminal if one knows what to charge the government agent with. If one is acting in the capacity of a U.S. Citizen or as an institution domesticated in the U.S. then one has to pay the tax on the excess one receives from investing that property but not on the gain to the property itself as per the Eisner case. Stake 10 earn 1, pay tax on e value on the one. Value of the underlying asset increases 10X, no tax as per Eisner. Want to avoid that situation? Don't stake with a U.S. custodian or as a U.S. person.

This is not to be taken as tax, financial or legal advise, just the ramblings of a spirit endowed with consciousness intellect in the state of a man who has gained an understanding of who he is and what he is not but from time to time has to play the role of something he is not to get shit done.

DYOR...
Click to expand...

a great place to start

this research...

CIVICS, CONSTITUTION, CONTRACTS.......

You are going to be shocked what you learn

and why its NOT taught in public schools...
 
An RnB Thug

An RnB Thug

El Capitan of The LOVE BOAT
Platinum Member


Big News Tomorrow for $ZIL
Coinbase? Voyager? Kraken?

WHOEVER IS STAKING $ZIL FOR $GZIL, YOU MUST CLAIM YOUR $GZIL TODAY
IF YOU DON'T YOU WON'T BE ABLE TO.
NO MORE $GZIL WILL BE GIVEN OUT.
Token will explode in price (Current $188 up 80% the last 7 days)
 
RoomService

RoomService

Dinner is now being served.
BGOL Investor
An RnB Thug said:


Big News Tomorrow for $ZIL
Coinbase? Voyager? Kraken?

WHOEVER IS STAKING $ZIL FOR $GZIL, YOU MUST CLAIM YOUR $GZIL TODAY
IF YOU DON'T YOU WON'T BE ABLE TO.
NO MORE $GZIL WILL BE GIVEN OUT.
Token will explode in price (Current $188 up 80% the last 7 days)
Click to expand...

My Zilliqa Wallet

myZilliqa Wallet is a true open-source client side wallet. Run the wallet from your own computer!
myzilliqawallet.com myzilliqawallet.com
 
gene cisco

gene cisco

Not A BGOL Eunuch
BGOL Investor
Mrfreddygoodbud said:
Help me out here, what exactly is Evergrande selling and why does it matter if its not actually real estate?
Click to expand...
It's just that folks calling for a domino effect if something don't happen with that debt problem. And you know that crypto whales look for any excuse to manipulate the market. As usual, Tether FUD creeps in with some speculating that their commercial paper is fucked if China has issues.

Stock market catch cold, crypto seems to get pneumonia. So many people using TOO much leverage in crypto(sad, because leverage is a beautiful thing). Then bad news comes around and it's like Thanos snapped his fingers.
 
Madrox

Madrox

Vaya Con Dio
BGOL Investor
gene cisco said:
It's just that folks calling for a domino effect if something don't happen with that debt problem. And you know that crypto whales look for any excuse to manipulate the market. As usual, Tether FUD creeps in with some speculating that their commercial paper is fucked if China has issues.

Stock market catch cold, crypto seems to get pneumonia. So many people using TOO much leverage in crypto(sad, because leverage is a beautiful thing). Then bad news comes around and it's like Thanos snapped his fingers.
Click to expand...

Quick question for you since you have the knowledge + experience in this arena: Do you think folks have made higher returns by trading in and out of crypto (timing, buying low, selling high based on good and bad news.. holding in stable coins in between trades) or by being long, holding through cycles?

I know in investing it can surely be done both ways, but I guess crypto is a diff animal because the fluctuations have way more gravity..
 
M

Mrfreddygoodbud

Rising Star
BGOL Investor
hey mayne,

I think china jookin the fuck out of the

western banking cartels that hide behind corporations

like u.s.a and the vatican...

while china tells the world they are cracking down on bitcoin

you KNOW gatdam well the govt got fuckin

MILES of
gene cisco said:
It's just that folks calling for a domino effect if something don't happen with that debt problem. And you know that crypto whales look for any excuse to manipulate the market. As usual, Tether FUD creeps in with some speculating that their commercial paper is fucked if China has issues.

Stock market catch cold, crypto seems to get pneumonia. So many people using TOO much leverage in crypto(sad, because leverage is a beautiful thing). Then bad news comes around and it's like Thanos snapped his fingers.
Click to expand...

Yea its so obvious coins like cardano and dogecoin are being manipulated so the whales

can scoop them shits up... they KNOW whats coming down the road...

unlike the weak handers..whales LOVE the weak handers...
 

Make a Contribution to Remove NSFW Ads
You must log in or register to reply here.
Top