This last Ama with Simon is weird. He breaks frequently

out in rants against Alex running an unregulated business and throwing back the space in primitive times. I mean what's the point here? Voyager, Vauldt, Blockfi did exactly the same as Celsius, yet they get saved and Zach Prince keeps running Blockfi. I don't buy into this general doomsday criticism

09.07.2022

30 ответов

54 просмотра

Jun_Bunz

bingo

09.07.2022

M H

They didn't make the same claims that Alex did. Like "safer than s bank" ... 'withdraw your money from the bank" ect. Simon is an og bitcoiner and goes off tangent but detailed rants all the time. It's juts how he talks.

09.07.2022

iAmSilky

Been saying not to trust anyone. Nobody is your friend right now.

09.07.2022

Lex Luna DOGE Автор вопроса

M H
They didn't make the same claims that Alex did. Li...

Blockfi said "don't only buy bitcoin earn it" Nexo says "the leading regulated financial institution" Voyager even falsely claimed to be fdic insured...

09.07.2022

M H

The voyager one was Sus. The other 2 are not as mislead as as saying "safer than a bank"

09.07.2022

Maximus

M H
The voyager one was Sus. The other 2 are not as mi...

Yeah Voyager falsely claimed funds held in USD in your account were FDIC insured.

09.07.2022

M H

Maximus
Yeah Voyager falsely claimed funds held in USD in ...

They had to make good on their promises or something though

09.07.2022

Maximus

M H
They had to make good on their promises or somethi...

Man this whole CeFi space was full of foolery, snakes oil, false claims, and shady activity.

09.07.2022

David Permabear Junior

Maximus
Man this whole CeFi space was full of foolery, sna...

That's why its defi and cold wallet for me from now on

09.07.2022

Mike M

Maximus
Man this whole CeFi space was full of foolery, sna...

🎉Welcome to crypto🎉

09.07.2022

M H

Maximus
Man this whole CeFi space was full of foolery, sna...

It's also funny how defi was largely propped up by cefi players liquidity

09.07.2022

Maximus

Mike M
🎉Welcome to crypto🎉

where everyone is trying to have you give them your coins

09.07.2022

Mike M

Maximus
where everyone is trying to have you give them you...

The strongest bitcoin maxi often started out as the most burned sh*t coiner….. this is the case for a reason

09.07.2022

Lex Luna DOGE Автор вопроса

M H
The voyager one was Sus. The other 2 are not as mi...

Why not? Banks can go down as well. Fdic is only up to 250k. Look at leeman. Saying safer as a bank is probably very aggressive marketing. But all lenders played the unsinkable card and wanted to give the impression of absolute safety. Simon Focusing so fanatically on Alex Amas is cheap and makes me suspicious

09.07.2022

M H

Lex Luna DOGE
Why not? Banks can go down as well. Fdic is only u...

Banks are held to certain regulations like a minimum capital in reserve requirement ect. So that claim is completely false as no such save gaurds existed. But yes I get the point banks are technically not safe too.

09.07.2022

Lex Luna DOGE Автор вопроса

M H
Banks are held to certain regulations like a minim...

So Nexo claims to have those safeguards, since they are a regulated financial institution. But they don't even disclose their headquarters

09.07.2022

Maximus

Lex Luna DOGE
So Nexo claims to have those safeguards, since the...

Nexo makes claims of over 40 global licenses ensuring compliance with the applicable regulatory frameworks. And Insurance of $775M.

09.07.2022

Lex Luna DOGE Автор вопроса

M H
Banks are held to certain regulations like a minim...

I am not saying that the situation is ideal but making this a major point of criticism and unique to Alex or Celsius celsius is just bs.

09.07.2022

Blue Mew

M H
Banks are held to certain regulations like a minim...

In the US, at least, minimums are gone. 0% required now. used to be 10% - but long gone.

09.07.2022

Lex Luna DOGE Автор вопроса

Maximus
Nexo makes claims of over 40 global licenses ensur...

All those exist but the insurance of coz is only for hacks not for mismanagement. But all lenders including blockfi wanted to give the impression the insurance is somewhat a general cover.

09.07.2022

Erik Mendelson | Music NFT’s, Miami’s Top Crypto Realtor & Blockchain

Maximus
Nexo makes claims of over 40 global licenses ensur...

Insurance was the other bs jargon Alex used. Celsius insurance was from Fireblocks to my knowledge for crypto in cold storage. Now how much crypto do you think was in cold storage or Alex’s piggy bank did defi, mining and no collateral loans?

09.07.2022

Maximus

Lex Luna DOGE
All those exist but the insurance of coz is only f...

BlockFi just as bad. They all are. It's a hedge fund trading are money. So much risk and you may never be able to withdraw your money.

09.07.2022

M H

Blue Mew
In the US, at least, minimums are gone. 0% require...

Damn lol.

09.07.2022

Lex Luna DOGE Автор вопроса

Maximus
BlockFi just as bad. They all are. It's a hedge fu...

Indeed. Still Blockfi valuated at 250M

09.07.2022

Erik Mendelson | Music NFT’s, Miami’s Top Crypto Realtor & Blockchain

Maximus
BlockFi just as bad. They all are. It's a hedge fu...

Yup. Although not how it was presented to anyone until Now

09.07.2022

Lex Luna DOGE Автор вопроса

Erik Mendelson | Music NFT’s, Miami’s Top Crypto Realtor & Blockchain
Yup. Although not how it was presented to anyone u...

They paid a fine to the SEC and proudly claimed now to be regulated and preparing for ipo

09.07.2022

Erik Mendelson | Music NFT’s, Miami’s Top Crypto Realtor & Blockchain

Lex Luna DOGE
They paid a fine to the SEC and proudly claimed no...

Yup

09.07.2022

Maximus

Erik Mendelson | Music NFT’s, Miami’s Top Crypto Realtor & Blockchain
Yup. Although not how it was presented to anyone u...

If I'd known I would have never put my money on any of these. I thought it worked more like a bond and lending and borrowing business. Not a security business. Was so mislead.

09.07.2022

Lex Luna DOGE Автор вопроса

While they handed out uncolaterlized loans. Regulation won't save us anyway. Bitcoin does not produce yield you need financial engineering.So Simon's approach that all just must be regulated and then you get your 3% is also just bs.

09.07.2022

JCherk

Lex Luna DOGE
While they handed out uncolaterlized loans. Regula...

The way the produced yield on BTC was they took out a defi loan on maker and deployed the stable coins at a very high interest rate to market makers

09.07.2022

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