The Wild West of Crypto sure is fun to read… and with Tesla picking up $1.5 billion in bitcoin, I suspect we’re closer to the beginning of the story than the end.
Here are a few entertaining and, harrowing, crypto stories for today.
The first article is benign but entertaining to read. Please do not buy any Dogecoin!
The rest are more telling of what happens you have no rules. 🙂
I tried to get rich off Dogecoin and all I got was this lousy blog post [Gov Worker FI] – “… my Dogecoin phase wasn’t about investing for retirement. Mostly, I was just in need of a quick dopamine hit. I don’t smoke, I don’t drink, and I don’t do drugs. Really, I’m a boring person. But now and then I like to gamble a bit. Mostly with betting on sports or making prop bets. For the record- my favorite prop bet is betting on the length of the National Anthem during the super bowl. Even though bookies set the line at an insanely long time each year.” My friend always puts a few bucks on the first score of a Super Bowl being a safety… if you recall, this happened two times in three years (the last time was Super Bowl XLVIII). He probably has a few hundred Dogecoin, though I’ve never asked. 🙂
Darknet’s JokerStash Retiring After Making Over $1B Through Illicit Transactions [Coindesk] – “Crypto sleuthing firm Elliptic says one of the world’s most prolific cybercriminals is going out on their own terms.”
Rise and fall of the house of Bitcoin [Rest of World] – “A Buenos Aires hacker haven produced some of Argentina’s most valuable crypto companies. Then it suddenly disappeared.”
‘Even for the Rich, It’s Hard to Access’ America’s wealthiest are discovering the vaccine is one of the few things money can’t buy. [The Cut] – “If Georgina* could pay $10,000 to get the vaccine tomorrow, she would do it in a heartbeat. “I’ve always had this thing, and I know it sounds so entitled and bitchy, where I’m like, Stand in line for something, are you crazy? Nobody who’s a real New Yorker waits for anything,” says the businesswoman, speaking on the phone from her Upper East Side home. Georgina has never had trouble finding her way through seemingly closed doors — from sold-out showings of Hamilton to SNL afterparties and the most exclusive clubs and restaurants.” FWIW, Georgina qualified to get the vaccine in New York due to age, she just can’t get it because there isn’t enough supply.