Yall think what Simon is proposing is good?

I’m unsure if it was to detract from the live stream as maybe Board heard some things they didn’t like - or thought may cause more concerns with their financial health

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30.06.2022

Malcolm

lin
What's ur take on what they were trying to imply o...

If that’s the case I hope there’s someone reputable talking abt celsius and forcing celsius to give us more info -.-🤦🏻‍♂️

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30.06.2022

Fasolaki Helios

Al MicMac
What he’s proposing is great But at the very sta...

"Also interesting that they release a statement during the interview" this is SUPER important point. It's almost like celsius was saying, Hey, no you guys it's okay....we are still working on this!

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30.06.2022

Teutonium

If it was just a liquidity issue they wouldn't have closed down 100% of the withdrawals, they would have limited them a lot, and slowly open them back up... I'm 99% certain it's not a liquidity issue...

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30.06.2022

the greatest

Teutonium
If it was just a liquidity issue they wouldn't hav...

not true at all

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30.06.2022

D Exousia

Teutonium
If it was just a liquidity issue they wouldn't hav...

Unless they need the whole firepower. Leaving it open might drain it.

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30.06.2022

Teutonium

D Exousia
Unless they need the whole firepower. Leaving it o...

That's also a possibility but I don't think so...

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30.06.2022

teeron

Al MicMac
What he’s proposing is great But at the very sta...

>he seems to say he doesn’t know the finances or in other words, he is just advertising his own business.

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30.06.2022

Sunshine

They actually mention’stabilizing operations’ and protecting users assets a lot in those updates. I personally think they need to be able to cover for their loans in case btc goes to much lower. They allowed withdrawals, hoping there would be a reverse in the withdrawals, but then had to pause them in order to safeguard the whole situation, due to market volatility. If btc would have been at 40k while the withdrawals happened this would have been a different scenario. People were withdrawing huge amounts, someone in another group said they withdrew 600.000 on su day with 400.000 to follow the next day.

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30.06.2022

the greatest

Sunshine
They actually mention’stabilizing operations’ and ...

what??

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30.06.2022

Al MicMac

teeron
>he seems to say he doesn’t know the finances or ...

Possibly I’m not as sceptical but I’d take that as a good sign if he didn’t Less disaster planning :) Honestly I do think he’s a force for good but how to plan without the finances (with any of the 3 approaches) I have no idea what feedback we good give him

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30.06.2022

Al MicMac · Accepted Answer

What he’s proposing is great But at the very start he stated that if it’s just a liquidity issue we just wait for slow withdrawals Which I’m not sure pertain to any of the 3 approaches he takes (all assume a degree of insolvency ?) So my issue is there was no option in that dynamic - & he seems to say he doesn’t know the finances (logical as he’s not internal or on the board) So it was a great interview and set of options that are appreciate But still don’t know Celsius’s position Also interesting that they release a statement during the interview

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Yall think what Simon is proposing is good?

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