https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

--- SoupGate-Win32 v1.05
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On Thursday, November 10, 2022 at 9:43:44 AM UTC-8, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

Merc can easily self fund till they find another sponsor.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 11/10/2022 2:28 PM, XYXPDQ wrote:

On Thursday, November 10, 2022 at 9:43:44 AM UTC-8, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

Merc can easily self fund till they find another sponsor.

Can, true, but isn't budgeted for additional millions in self-funding.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 11/10/22 12:11, News wrote:

On 11/10/2022 2:28 PM, XYXPDQ wrote:

On Thursday, November 10, 2022 at 9:43:44 AM UTC-8, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

Merc can easily self fund till they find another sponsor.

Can, true, but isn't budgeted for additional millions in self-funding.

You say "millions", but has anyone a source that states
how much they had contracted to pay this year, and how
much they have already paid for these little 'advertisement
spots' ?

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Thursday, November 10, 2022 at 10:43:44 AM UTC-7, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

a fucking link?
can you be anymore fucking useless?

--- SoupGate-Win32 v1.05
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On Thursday, November 10, 2022 at 1:11:05 PM UTC-7, News wrote:

Can, true, but isn't budgeted for additional millions in self-funding.

link?
you dim twat

--- SoupGate-Win32 v1.05
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On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

geoff

--- SoupGate-Win32 v1.05
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News wrote:


https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/


What an imbecilic subject line; have you been checked for dementia?

--- SoupGate-Win32 v1.05
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On Friday, November 11, 2022 at 2:39:17 AM UTC-5, geoff wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

geoff

American investor Warren Buffett once said he wouldn't invest in something he didn't understand.
For me, crypto was always a bit beyond my understanding, so I haven't spent a (fake) penny buying into it.

Dan

--- SoupGate-Win32 v1.05
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geoff <[email protected]> wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

Some are...but some will eventually end up regulated, at which point
they are no more dubious than investing in a currency, all of which have
their own potential challenges. Even the big ones.

That's why even now, when the going gets tough the safe harbour is still
gold.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 11/11/2022 2:39 AM, geoff wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

geoff

+1, Toto included

--- SoupGate-Win32 v1.05
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a425couple <[email protected]> writes:

On 11/10/22 12:11, News wrote:

On 11/10/2022 2:28 PM, XYXPDQ wrote:

On Thursday, November 10, 2022 at 9:43:44 AM UTC-8, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

Merc can easily self fund till they find another sponsor.

Can, true, but isn't budgeted for additional millions in self-funding.

You say "millions", but has anyone a source that states
how much they had contracted to pay this year, and how
much they have already paid for these little 'advertisement
spots' ?

Spots that are now available for others to jump into. They don't have
to just write off part of the square-inchage as a loss. The contract
almost certainly (as it's basically boilerplate now) has an "ipso facto"
clause that invalidates it upon bankruptcy.

If anyone wants a deep dive into the FTX problem, /Scam Economy/ have
just covered it:
https://podcasts.bcast.fm/e/v85k6r48-37-sam-bankman-fried-is-known-as-crypto-s-bailout-king-is-his-own-empire-broke-w-mike-burgersburg

Phil
--
We are no longer hunters and nomads. No longer awed and frightened, as we have gained some understanding of the world in which we live. As such, we can cast aside childish remnants from the dawn of our civilization.
-- NotSanguine on SoylentNews, after Eugen Weber in /The Western Tradition/

--- SoupGate-Win32 v1.05
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On 11/11/2022 7:12 AM, Bigbird wrote:

News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

What an imbecilic subject line; have you been checked for dementia?

Think so? Ask the smartest guys in the room, Mercs. Better, ask Toto.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

News wrote:

On 11/11/2022 7:12 AM, Bigbird wrote:

News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

What an imbecilic subject line; have you been checked for dementia?

Think so? Ask the smartest guys in the room, Mercs. Better, ask Toto.

Cite them or you have nothing... but your dementia.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 11/11/2022 12:48 PM, Bigbird wrote:

News wrote:

On 11/11/2022 7:12 AM, Bigbird wrote:

News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

What an imbecilic subject line; have you been checked for dementia?

Think so? Ask the smartest guys in the room, Mercs. Better, ask Toto.

Cite them or you have nothing... but your dementia.

"The German F1 team tied up with the Crypto giants in 2021. The official statements from Mercedes stated,

“The Mercedes F1 Team is delighted to announce a new long-term
partnership with FTX, a leading global cryptocurrency exchange.”

FTX filed for bankruptcy today, wiping out what was a $32 billion
valuation (sic).

ow much did FTX take you for?

--- SoupGate-Win32 v1.05
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On Friday, November 11, 2022 at 10:48:58 AM UTC-7, Bigbird wrote:

Cite them or you have nothing... but your dementia.

look what the sewer backed up from rec.sport.golf
its fuckhead with nothing as usual
cite that you fucking buffoon

--- SoupGate-Win32 v1.05
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On Friday, November 11, 2022 at 3:16:55 PM UTC-7, Bigbird wrote:

You sad little man.

too funny from a loser from rec.sport.golf
speaking of sad
check out his and alans performance there

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

News wrote:

On 11/11/2022 12:48 PM, Bigbird wrote:

News wrote:

On 11/11/2022 7:12 AM, Bigbird wrote:

News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

What an imbecilic subject line; have you been checked for
dementia?

Think so? Ask the smartest guys in the room, Mercs. Better, ask
Toto.

Cite them or you have nothing... but your dementia.

"The German F1 team tied up with the Crypto giants in 2021. The
official statements from Mercedes stated,

“The Mercedes F1 Team is delighted to announce a new long-term
partnership with FTX, a leading global cryptocurrency exchange.”

FTX filed for bankruptcy today, wiping out what was a $32 billion
valuation (sic).

ow much did FTX take you for?

So absolutely NOTHING, indeed FUCK ALL, to support the chosen subject
line; just demented flailing.

You sad little man.

--- SoupGate-Win32 v1.05
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On Friday, November 11, 2022 at 12:39:17 AM UTC-7, geoff wrote:

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

fuck knows
it took a while to realize your homosexuality

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 11/11/2022 10:39 AM, geoff wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

"crypto" like FTX? absolutely...Bitcoin, you need to educate yourself lol.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

latest;

Mercedes Formula One Team Suspends Partnership with FTX

www.cryptotimes.io/mercedes-formula-one-team-suspends-partnership-with-ftx/

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 14/11/2022 9:01 pm, RzR wrote:

On 11/11/2022 10:39 AM, geoff wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch of pyramid schemes.

"crypto" like FTX? absolutely...Bitcoin, you need to educate yourself lol.

Agreed. I was stunned by the wanton displays of ignorance in this thread - I'm constantly amazed at
people airing opinions about things that they have no knowledge of.
--
Shaun.

"Humans will have advanced a long, long way when religious belief has a cozy little classification
in the DSM"
David Melville

This is not an email and hasn't been checked for viruses by any half-arsed self-promoting software.

--- SoupGate-Win32 v1.05
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On Monday, November 14, 2022 at 2:56:35 PM UTC-7, ~misfit~ wrote:

Agreed. I was stunned by the wanton displays of ignorance in this thread - I'm constantly amazed at
people airing opinions about things that they have no knowledge of.

fuck off you miserable cock sucker

--- SoupGate-Win32 v1.05
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On Monday, November 14, 2022 at 2:56:35 PM UTC-7, ~misfit~ wrote:

I'm constantly amazed at people airing opinions about things that they have no knowledge of.

yes
post you extensive knowledge on how receive government funds to live on
you societal leech
mouthpiece piece of shit

--- SoupGate-Win32 v1.05
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On Monday, November 14, 2022 at 2:56:35 PM UTC-7, ~misfit~ wrote:

I'm constantly amazed at people airing opinions about things that they have no knowledge of.

yes
post your extensive knowledge on how to illegally pirate sky f1
then bitch about the coverage
you numb cunt

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 11/11/2022 8:37 AM, Mark wrote:

geoff <[email protected]> wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

Some are...but some will eventually end up regulated,

Mercedes was not the only party funded by FTX, which may have something
to do with the lack of regulation to date (free to read):

https://wapo.st/3XaJj6M

at which point
they are no more dubious than investing in a currency, all of which have their own potential challenges. Even the big ones.

"No more dubious," in the sense that walking on a tightrope across the
Grand Canyon is no more risky than walking across your kitchen floor.

--
Mark Jackson - https://mark-jackson.online/
Reasoning will never make a man correct an ill opinion, which
by reasoning he never acquired: for in the course of things,
men always grow vicious before they become unbelievers.
- Jonathan Swift

--- SoupGate-Win32 v1.05
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On 11/17/2022 3:09 PM, Mark Jackson wrote:

On 11/11/2022 8:37 AM, Mark wrote:

geoff <[email protected]> wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

Some are...but some will eventually end up regulated,

Mercedes was not the only party funded by FTX, which may have something
to do with the lack of regulation to date (free to read):

https://wapo.st/3XaJj6M

at which point
they are no more dubious than investing in a currency, all of which have
their own potential challenges. Even the big ones.

"No more dubious," in the sense that walking on a tightrope across the
Grand Canyon is no more risky than walking across your kitchen floor.

Congress critters holding crypto may also lead to lack of regulation.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

Mark Jackson <[email protected]> wrote:

On 11/11/2022 8:37 AM, Mark wrote:

geoff <[email protected]> wrote:

On 11/11/2022 6:43 am, News wrote:

https://www.essentiallysports.com/f1-news-mercedes-f1-takes-major-hit-in-crypto-crash-as-32-billion-sponsor-faces-bankruptcy/amp/

When will people finally realise that crypto is basically just a bunch
of pyramid schemes.

Some are...but some will eventually end up regulated,

Mercedes was not the only party funded by FTX, which may have something
to do with the lack of regulation to date (free to read):

https://wapo.st/3XaJj6M

at which point
they are no more dubious than investing in a currency, all of which have
their own potential challenges. Even the big ones.

"No more dubious," in the sense that walking on a tightrope across the
Grand Canyon is no more risky than walking across your kitchen floor.

Even fully regulated crypto? The technology is sound, it's the way that
it's operated - particularly these side markets - that makes it so
opaque.

I accept that most will resist regulation as that was the driving force
behind the initial crypto currencies, but it's not intrinsically less
safe than other currencies and, appropriately set up, it *can* be as
safe.

So, I don't agree with your comment if you mean that they can *never* be
as secure.

--- SoupGate-Win32 v1.05
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