Jump in the discussion.

No email address required.

>dcolkitt 47 days ago | prev | next [–]

>As someone in the industry, it's almost certainly not.

>First very simple point, to become insolvent you have to actually take a loss somewhere. They may have a lot of junk tokens on their balance sheet, and these tokens may be overmarked, but Alameda's cost basis (most of them were from seed rounds) is still way below their current value.

> dcolkitt 47 days ago | root | parent | next [–]

>I graduated with a degree in finance from Wharton, worked as a quant at Citadel Securities, and have been a high-frequency trader for more than a decade. But I'm more than sure that your credentials at finance or trading are more qualified. :)

5 days later it's out theyre insolvent. Looks like this loser either got hosed or wasn't in the industry because they admit btc final price could be zero.

>dcolkitt 22 days ago | parent | context | prev | next [–] | on: Crypto’s Final Price Could Be Zero

>Technically the original post should s/node/validator/. But besides that minor quibble it's still essentially correct

Amazes me that there are so many people who dont understand even the most basic economic terms like insolvency or bankruptcy when they're taught in college econmics entry courses.

I love how every internet wanna be makes up they went to some elite top 3 school no matter if it's engineering (MIT) or economics (Wharton which requires you saying you lived in Philly lol). Just say you went to UCLA and it's much more believable.

Great find.

Jump in the discussion.

No email address required.

OUT!

Jump in the discussion.

No email address required.

  .-""-.
 /,..___\
() {_____}
  (/-@-@-\)
  {`-=^=-'}
  {  `-'  } Merry Fistmas!
   {     }
    `---'

Snapshots:

Jump in the discussion.

No email address required.

Link copied to clipboard
Action successful!
Error, please refresh the page and try again.