Notices

1. Chris Trottier (atomicpoet@mastodon.social)'s status on Thursday, 12-May-2022 22:22:13 CEST Chris Trottier

   During the past few days, entire fortunes—equivalent to the GDPs of entire nations—have been lost 💰 💸 📉

   What's destroying their wealth? Crypto.

   Today, I'm putting this billionaire bloodbath into perspective 🧵 https://blog.peerverse.space/the-billionaire-bloodbath/

   • Chris Trottier (atomicpoet@mastodon.social)'s status on Thursday, 12-May-2022 22:22:13 CEST Chris Trottier

     in reply to

     1. Examples of heavy crypto loss:

     * Brian Armstrong: once worth $13.7 billion, now worth $2.2 billion
     * Michael Novogratz: once worth $8.5 billion, now worth $2.5 billion
     * Changpeng Zhao: once worth $96 billion, now worth $11.6 billion

     Mercè repeated this.
   • Chris Trottier (atomicpoet@mastodon.social)'s status on Thursday, 12-May-2022 22:22:13 CEST Chris Trottier

     in reply to

     2. Remember the Winklevoss twins?

     They sued Mark Zuckerberg, took the wealth from the lawsuit, used it as seed money to found Gemini.

     They were once worth $6 billion. Now 40% of their wealth is gone.