It's embarrassing to have this insane amount of stupidity wrapped up in crypto. The project itself was more likely just a scam as opposed to poor planning, but the fact that people actually fell for it is the most stupid.

A lender might give up to 75% LTV on a HOUSE. And here people gave out loans or took loans or whatever the hell it was on some dickbutt pictures at 95% LTV and couldn't see anything going wrong.

I haven't researched it or read it in full but I think it's clicking with me now. Person/people holding these worthless NFT's knowing they can't sell them for nearly as much as they would like, decide to offer a high interest rate to borrow against their fake illiquid values and then just default on the loan.

AFAIK they were loaned at 30-40%, but a lot of this was at the top

this is where it's at
https://pixels.ownthedoge.com/

Hey guys,
can anyone explain in leyman's terms how can one go about to get a cheap nft from this banddao situation?

guess its too late now

Are any of you guys planning on picking up any NFTs in this downturn. Looking at getting some penguins, WOW, doodles, and dickbutts over the next few months. Solid portfolio?

I need billionaires to buy my art blocks bags right NOW!

Very solid portfolio. All in.

I concur! Heck, you would be foolish NOT to mortgage your house/business and really go "all in" on these NFT's.

I hear that they are going to the moon!

All my apes, gone

?

any thoughts on the facebook meta connect 11th of october announcement?
it was that same even last year that kickstarted a huge pump in all metaverse related nfts, specially lands in sandbox and decentraland if i remember correctly

Hey all:

I know that this is simply going to shock and dismay a lot of people...

Kim Kardashian was fined about $1.25M for improper promotion of crypto that she did not disclose:

http://www.reuters.com/markets/us/se...nt-2022-10-03/


I am shocked, simply shocked that something with Kim Kardashian and "investing" could go wrong!

Seriously, there are people putting money into this?