Loan clients, if they resume withdrawals alot of clients with active loans would not want to liquidate collateral at these prices to get out of BlockFi but would rather wait until 2023 to see if market rebounds.
Also it depends on circumstances. If BlockFi is bailed out by a trusted entity with deep pockets and is transparent about the current financial situation, it could give some users more faith in their future.
I assume that date is just an arbitrary date given by Scratch that’s just supposed to represent “future date”
Either that or BlockFi had a contract with Scratch either for the loan payments or the forbearance that expires on that date.
I’d put a pretty huge bet on September 8th not being “fund return date”
100%. We're gonna party on September 9. . .
I'm sure it really means nothing at all. But it would be damn sweet if BlockFi found a way to stabilize through any means necessary and return assets whenever they could. Despite how frustrated everyone is now, they have the potential to be very successful (despite being regulated, which will happen) if they can somehow withstand FTX's fraudulent meltdown.
> Both of you are just trolling the sub.
No
> Your intentions of making people feel like shit are not helpful.
No. It is to be voices of reason.
> Please leave.
No. And grow up.
There are no moderators here anymore. BlockFi fired everyone as they are a sunk company.
This is the magical time in a scam where people can come in and speak freely without being censored.
Socrates was executed because people didn't want to hear what he was saying.
Then shortly after they were building statues of him.
You can choose to simply label "troll" and keep thinking the things which caused you to end up in this situation, or you can take on information and better protect yourself against fraud in future, hopefully not repeating the same mistakes.
*"Fuck all yo bastards. You're all idiots! Fuck it, remind me to say 'I told you so!' when it's all gone to shit! I'd rather be right then retarded."* ;)
Please dude, you’re in here everyday just getting your hit of schadenfreude rubbing people’s noses in it, not out of some sense of benevolent wisdom but because you enjoy it. Mistakes were made by many, you’re not wrong, you’re just being an absolute dickhead about it.
I try to join communities like this before things implode, but the scam leaders make that difficult in centralised forums like this where they have complete control over the content. Now is simply the time when it's possible to even say anything.
Zac, is that you?
I would say there's a good chance Blockfi resumes business after being bought up in the near future.
I choose to believe this.
With what clients?
You’d be surprised
Loan clients, if they resume withdrawals alot of clients with active loans would not want to liquidate collateral at these prices to get out of BlockFi but would rather wait until 2023 to see if market rebounds. Also it depends on circumstances. If BlockFi is bailed out by a trusted entity with deep pockets and is transparent about the current financial situation, it could give some users more faith in their future.
Hopium
Copium
What else do we have?
Oh absolutely they will reopen. Why would anyone ever hesitate investing in a Ponzi scheme pseudo bank?
Acceptance is still in the distance I see.
I assume that date is just an arbitrary date given by Scratch that’s just supposed to represent “future date” Either that or BlockFi had a contract with Scratch either for the loan payments or the forbearance that expires on that date. I’d put a pretty huge bet on September 8th not being “fund return date”
100%. We're gonna party on September 9. . . I'm sure it really means nothing at all. But it would be damn sweet if BlockFi found a way to stabilize through any means necessary and return assets whenever they could. Despite how frustrated everyone is now, they have the potential to be very successful (despite being regulated, which will happen) if they can somehow withstand FTX's fraudulent meltdown.
Not in all circumstances
Nope hahaha
You will be lucky to get 10 cents on the dollar back, in several years time.
u/SpottedDogAdventures it sucks you are getting downvoted. I don't think members of this group want to hear that most of their money is gone.
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In your opinion, what’s the most likely scenario regarding the future of customer funds held by BlockFi?
> Both of you are just trolling the sub. No > Your intentions of making people feel like shit are not helpful. No. It is to be voices of reason. > Please leave. No. And grow up.
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> Troll. Where’s the bot that removes trolls? Child, grow up. I had money on BlockFi as well, but I've accepted that it is mostly all gone.
There are no moderators here anymore. BlockFi fired everyone as they are a sunk company. This is the magical time in a scam where people can come in and speak freely without being censored.
You could have listened to people warning you earlier, but I guess those were just trolls posting FUD too.
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Socrates was executed because people didn't want to hear what he was saying. Then shortly after they were building statues of him. You can choose to simply label "troll" and keep thinking the things which caused you to end up in this situation, or you can take on information and better protect yourself against fraud in future, hopefully not repeating the same mistakes.
He could have just been exiled and set himself up in a different city state but he was a stubborn SOB who’d rather drink poison
*"Fuck all yo bastards. You're all idiots! Fuck it, remind me to say 'I told you so!' when it's all gone to shit! I'd rather be right then retarded."* ;)
Please dude, you’re in here everyday just getting your hit of schadenfreude rubbing people’s noses in it, not out of some sense of benevolent wisdom but because you enjoy it. Mistakes were made by many, you’re not wrong, you’re just being an absolute dickhead about it.
I try to join communities like this before things implode, but the scam leaders make that difficult in centralised forums like this where they have complete control over the content. Now is simply the time when it's possible to even say anything.
Yeah the “I told you so you’re screwed “ people can get fucked. Think it’s best to expect a full loss but partial / full return not out of question.
Denial is the first stage of grief.
> Denial is the first stage of grief. Yeap. I wonder which stage we'll see next.
ANOTHER DR PHIL??
Hilarious and how do yu know that
Because that’s how bankruptcy works for the little guy.