Elon Musk goes into detail about his conversation with Sam Bankman Fried when Bank Fried offered capital for Musk’s purchase of twitter, Musk knew something wasn’t quite right. Musk also elaborates on what he thinks will happen to the crypto market and gives his picks for the best crypto investments moving forward. Chamath Palihapitiya, Coinbase’s CEO Brian Armstrong and David Sacks also weigh in with their thoughts on SBF and the FTX crash.

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    29 Comments

    1. ……Senator Throws Twitter Fit and Threatens to Misuse Political Power to Take Down Elon Musk. Congressman Ed Markey (D-Mass.), aka Senator Crankypants, threatened a business owned by a taxpaying citizen in the USA – and the genius put it in writing amid several tweets – a permanent record. Political bullying in its finest hour, folks. Read column at The Published Reporter.

    2. am i the only one over here that's like " i don't trust any of these guys, especially Ellon " .Dont you guys here the coinbase CEO saying the same "were committed to saving the world" BS? Yeah, and making billions of dollars you altruistic bastard. Never trust billionaires period!

    3. 80-90% of all who put their money in crypto will loose either all or in best case some of it. THAT`S HARD FACTS. The rest 10-20% makes a lot of money, because they know exactly when to buy and sell. Small fish have no chance vs big whales in this market, they dictates the markets same as they have dictates stock market for decades……..unfortunately !

    4. So far the only person to officially lose their job over the whole FTX scandal was the black guy at CoinBase that said "hey guys, maybe Kanye was on to something?".

    5. Altruism is metaphorically dying on a cross for the benefit of others at ones own expense. All else defining altruism is man made looking at the world through narcissistic coke bottle lenses. It is the standard by which gifts can be unendingly recieved in spirit then to minds and physical bodies.
      If you have ever experienced science students hear part of Einstein's Theory of Relativity had been proven wrong only to observe the joy they express to that well that is ego even jealousy ego the prideful peacock of the metaphorical Satan's Rebellion. That is not altruism. Mind has a lot of available territory with salt and pepper differential elements. Many ripe for the willful fixing. When arrayed voluntary fixings occur integrally, metaphorically swine leave the more relatively ego dominated possessed. Ego grenches of ravenous wolvery like to block Christmas to the Children of… Forgetting Death on the Cross was died for ALL. Slow learners teach domination. The ego virus of last days entrophy snowballing. When Shiloh comes. Cold day in Hell.
      Try you were given the elements you make the molecules pacifier bottle cry baby get off of your crib mat and walk but be careful what you pray/prey for you just might get it. I drink from a sippy cup sippy cup sippy cup I drink from a sippy cup remember it is finished now. About time you started growing up you little devil.

      Tribulation Comedian had left the building, Tip your Piano Man waitress and Mr Bojangles prison ministries cellmate at third rock from the sun prison.

    6. HIs job was to do this…Trojan horse to bring in regulations HE HELPED create months ago. BTW this isn't suicided to crypto…its just another Wall Street type centralized exchange ripping people off in a decentralized technology space…..Sorry for people who lost money but if you are buying crypto on exchanges all you are doing is gambling, nothing more nothing less. You never owned the crypto, you're just dumping your $ into someone elses h ands so they can over leverage the shit out of it and make money off you…the sucker buying paper crypto….NOT YOUR KEYS NOT YOUR CRYPTO

    7. I'm a bit puzzled about SEC not lunging forward as expected while these things unfold, but they come running at XRPL and LBRY ferociously. They might be sharing the same bed on this. Hopefully, this ruckus ends earlier to see some good rally before EOY and as I stake my PGEN for passive income and a chance to get into Polygen's next raise.

    8. TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.

    9. There is more downside coming because current economic conditions can

      not and will not sustain any meaningful long term bull run for the near future.

      It's not me being bearish for the sake of being bearish. It's looking at the

      overall picture and there's really nothing overly positive going on right now.

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