Bitcoin

[TSmith34, Inc.]

Can't believe the scoop mods haven't tried this to raise funds for scoop.   Picturing several scoop action figure NFT's.

On man, just picture Topper looming over a keyboard, in mid-swing with a giant banhammer.

[tower912]

I know I don't want to see Ziggy's or JB's kung fu grip.

Galway Eagle in a 19th century boxing pose with a handlebar mustache.

[ZiggysFryBoy]

Can't believe the scoop mods haven't tried this to raise funds for scoop.   Picturing several scoop action figure NFT's.

Arch Man
Question Kid
Mysogonist Mike

Lots of superhero options.

[tower912]

Muggsy's needs a random question voice chip.

[ZiggysFryBoy]

Muggsy's needs a random question voice chip.

Muggsy the Miniature Manatee

[tower912]

On man, just picture Topper looming over a keyboard, in mid-swing with a giant banhammer.

I have a mental picture of a variation of the GEICO 'Aunts' commercial.  Only instead if 'expired', we get the mods saying 'banned'.

[The Hippie Satan of Hyperbole]

I have a mental picture of a variation of the GEICO 'Aunts' commercial.  Only instead if 'expired', we get the mods saying 'banned'.

BTW, what's up with GEICO recycling a bunch of ads from a few years ago?

[tower912]

Doing their bit for the environment?   

[tower912]

Newsdream's as Captain Jack Sparrow. 


... why is the rum gone?......

[ATL MU Warrior]

BTW, what's up with GEICO recycling a bunch of ads from a few years ago?

I think they fired their ad agency and hired a new one. Probably still waiting for the new work to be produced.

[tower912]

Muggsy the Miniature Manatee

Maybe his is life size.

[JWags85]

This is…not a great look

https://twitter.com/followtheh/status/1603501718888652804?s=20&t=hGtiezbxfxVDluuFxEK1hw

Related, my very good friend’s best man at his wedding is an exec at Binance.  Worked at Uber for awhile, progressed quickly, then moved to Binance cause his older brother is in the C suite leadership team, based in HK, etc…. Nice enough guy, but at the bachelor party and the wedding, he was flaunting all the crypto bro richness stuff, his absurd expense account, etc…. Well this week, a friend of a friend needed his address to send him a wedding invite…and was told a PO Box in Nevada.  Said Binance bro split his time the past few years between San Fran and Texas, not weird at alll….  Even my friend said he’s not sure where he’s actually living the last 3-4 months

[Skatastrophy]

USDC depegged, down 10%. This is going to be an interesting week for crypto.

[tower912]

With Silicon Valley Credit Union going belly up, it is going to be an interesting start to the week everywhere.

[Skatastrophy]

With Silicon Valley Credit Union going belly up, it is going to be an interesting start to the week everywhere.

SVB is a commercial bank, not a credit union. Agreed though.

[tower912]

I know it is.  Forgive me.  I was engaging in snark due to the insular nature of the bank and its clients.

[Skatastrophy]

I know it is.  Forgive me.  I was engaging in snark due to the insular nature of the bank and its clients.

As a multi-time client of SVB I can expand on this to counter your snark a little. SVB caters to a set of clients that other banks struggle to work with. Most banks aren't super helpful when you have a $20MM-$200MM deposit coming in and need it deployed somewhere while you draw down over the next 2-3 years. SVB is pretty great to work with on the startup/VC side of things. They also royally effed up.

I get that not many people have the same problems that VC-backed startups and VC funds have, but SVB served an otherwise underserved market. Another FI needs to step up to fill that gap.

[Hards Alumni]

As a multi-time client of SVB I can expand on this to counter your snark a little. SVB caters to a set of clients that other banks struggle to work with. Most banks aren't super helpful when you have a $20MM-$200MM deposit coming in and need it deployed somewhere while you draw down over the next 2-3 years. SVB is pretty great to work with on the startup/VC side of things. They also royally effed up.

I get that not many people have the same problems that VC-backed startups and VC funds have, but SVB served an otherwise underserved market. Another FI needs to step up to fill that gap.

Yeah, but thats what happens when money isn't free anymore.  VCs came calling for their money and they had to sell all their bonds well below value.

That's the gamble.

[JWags85]

As a multi-time client of SVB I can expand on this to counter your snark a little. SVB caters to a set of clients that other banks struggle to work with. Most banks aren't super helpful when you have a $20MM-$200MM deposit coming in and need it deployed somewhere while you draw down over the next 2-3 years. SVB is pretty great to work with on the startup/VC side of things. They also royally effed up.

I get that not many people have the same problems that VC-backed startups and VC funds have, but SVB served an otherwise underserved market. Another FI needs to step up to fill that gap.

Talking to my friend who is director in essentially competitor intel and research for a large FI, I found it interesting that SVB’s biggest competitor was Chase.  But also speaks to the lack of comparable offerings in the space

[Skatastrophy]

Talking to my friend who is director in essentially competitor intel and research for a large FI, I found it interesting that SVB’s biggest competitor was Chase.  But also speaks to the lack of comparable offerings in the space

Yeah it's odd. You'd think the major banks would fight over holding that much cash. SVB operated a little like a neo-bank though, which the big banks can't figure out how to do. My better half works at an FI with >1T under management and they move as slow as molasses. I'm surprised the big boys haven't just acquired a neo-bank instead of rolling their own.

My guess is that SVB operates more like a consumer bank and most of the big boys are moving away from retail and moving towards the wealth/govt side of the market which is more stable. Big opp here for the neo-banks to go after retail and SMBs.

[forgetful]

Yeah it's odd. You'd think the major banks would fight over holding that much cash. SVB operated a little like a neo-bank though, which the big banks can't figure out how to do. My better half works at an FI with >1T under management and they move as slow as molasses. I'm surprised the big boys haven't just acquired a neo-bank instead of rolling their own.

My guess is that SVB operates more like a consumer bank and most of the big boys are moving away from retail and moving towards the wealth/govt side of the market which is more stable. Big opp here for the neo-banks to go after retail and SMBs.

Most of the big banks have almost too much cash on hand. That is why you see them offering 0.01% interest rates, they don't need to get more cash deposits.

[Hards Alumni]

Buy something worthless, get something worthless.

*pokes bear*

[rocky_warrior]

*pokes bear*

Yeah.  Crazy Run.  Talk about feeling bubbly.  I still won't touch it.