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This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out.
The New York Times ^ | 25 Dec 2023 | Michael Forsythe and Gabriel J.X. Dance

Posted on 12/25/2023 7:34:17 AM PST by Theoria

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To: UCANSEE2

They simply might not have it in the branch. A lot of branches would have to put in a special order for that much cash. Of course it depends on where you are and what kind of flow the branch usually has.

The branch will probably counsel you to either use a bank check or wire the money to the destination. The number of idiot old people who withdraw their savings to give to a scammer is huge. And their families always blame the bank for not protecting them. It’s a no-win situation.


121 posted on 12/31/2023 4:03:03 PM PST by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: gitmo; catnipman
I’ve never understood why bit-coin mining is a thing.

Yeah,man, some people just dig it.

(:

122 posted on 12/31/2023 4:07:03 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: Rockingham; discostu

SO.... how much is a gold pokeman card worth? Asking for a friend.


123 posted on 12/31/2023 4:10:43 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: discostu

I bet the hookers will still take $100 bills.


124 posted on 12/31/2023 4:18:47 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: UCANSEE2

I am not sure, but I might be persuaded to give you a Mardi Gras doubloon from the mid-70s for it. Somewhere, I have a Pat O’Brien’s hurricane cocktail glass full of them as mementos from college years in New Orleans.


125 posted on 12/31/2023 4:25:46 PM PST by Rockingham (`)
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To: Rockingham

No offer of legal tender, huh ?


126 posted on 12/31/2023 4:37:52 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: PeterPrinciple; Rockingham; discostu
Crypto was sold as a medium of exchange.

Whereas one has to input legal tender (or something of similar value) to be able to exchange. Certainly a precedence in legal tender at that point.

Can I get a loan at a bitcoin mine ?

127 posted on 12/31/2023 4:49:06 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: discostu
Except if the power has gone out the stores can’t run their registers.

I bet there will be people on the street who will ring up your sale, without a cash register if you have legal tender or gold. There probably won't be any 'clerks' in the stores anyway, and all the good stuff will already have disappeared.

128 posted on 12/31/2023 4:56:11 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: Rockingham

OHhh, I like the cocktail glass, but even the hookers at the Mardi Gras won’t take the doubloons.


129 posted on 12/31/2023 5:03:15 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: UCANSEE2

Bitcoin is magic—it can turn rich people into broke people—with the snap of a finger!


130 posted on 12/31/2023 5:06:00 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: Vermont Lt; Rockingham

I should have stated it clearly.

I put $30,000 in the bank, and then (not instantly but a week later) go to withdraw $100.

You say it’s the law, they have to pay. If they don’’t, the bank can be closed. In which case I don’t get the $100.

You say the bank president and board can be jailed. In which case I don’t get my $100.

I assume your next recommendation would be the FDIC. Some banks have been very quietly dropping the FDIC coverage.

What recourse does one have then ?


131 posted on 12/31/2023 5:07:27 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: cgbg

And.... vice versa ???


132 posted on 12/31/2023 5:39:10 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: UCANSEE2

Millions of people all over the world have lost their life savings to Bitscam.

Some lessons can only be learned the hard way.


133 posted on 12/31/2023 5:41:01 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: UCANSEE2
The FDIC may close a bank but they arrange for a successor to assume and pay the depositors. The transition is done so that it is almost seamless. In years past, I was involved as a lawyer in several FDIC actions, including the removal of bank officers.

As for banking your deposits where there is no FDIC insurance, ponder the Latin phrase "caveat emptor" -- let the buyer beware.

134 posted on 12/31/2023 6:23:59 PM PST by Rockingham (`)
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To: UCANSEE2

Best not to let those people know you have any kind of money.

Of course out here in reality we know those kind of black outs are pretty rare. Longest power outage I’ve lived through was about 11 hours. And I only had to drive about a mile and half to be out of it. This summer we had a nasty storm, friends of mine live in a neighborhood that took 4 or 5 days to get power restored. They stayed in hotel 2 or 3 miles away. So power outage is really just a thought experiment.


135 posted on 12/31/2023 7:00:09 PM PST by discostu (like a dog being shown a card trick)
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To: UCANSEE2

Banks are not dropping FDIC AND dealing with the Fed.

Anyone telling you that does not understand how banks work.


136 posted on 12/31/2023 7:18:52 PM PST by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: Brian Griffin
"The Chinese industrialists can easily have Walmart and Amazon make partial purchase price deposits in Cayman Island accounts."

Close, very close.

Chinese industrialists easily made partial purchase price deposits in the Bahamian accounts of Alameda Research, whose funds by no accident ended up in FTX, for SBF to spread like bread upon the waters of the Democrat Party.

Meanwhile, after 8B lost, gone, *poof*, there was ONE story about ONE protestor -- ONE -- who showed up at SBF's parent's home, held up a sign, took a picture, and before leaving, said they had lost their life savings.

Journalist present didn't ask them a single question.

If this had been a GOP donor, the DNC would have hired protestors!

"In response to Genesis suspending withdrawals, Gemini halted redemptions from its Earn product. That left in limbo a program that, according to a person familiar with the matter, has $700 million of customer money tied up in it."

FTX fallout. Nearly a billion wiped from, not speculators, but people who used the Earn app as a referral product.

Not a single goddamn word in the MSM about what happened to these Earn users who had the slack jerked out of them, nothing.

This is by direct design by The White Hospice. It is Idiocracy not squared but cubed. This is why TrumpII is leading, Americans are fed the f up. It is 2016 all over again.

137 posted on 01/01/2024 3:10:24 PM PST by StAnDeliver (TrumpII)
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To: discostu
Except if the power has gone out the stores can’t run their registers. So no form of money is going to accomplish much.

Power is out. We go into a store and tell the manager we both want to buy a case of water.

I offer him my bank card.

You offer him $50 cash.

Who will walk out with the case of water ?

138 posted on 01/06/2024 7:34:22 PM PST by UCANSEE2 (Lost my tagline on Flight MH370)
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To: UCANSEE2

Nobody. Power is out, the door is locked, the manager ain’t talking to anybody.


139 posted on 01/07/2024 6:08:18 AM PST by discostu (like a dog being shown a card trick)
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