China Posted December 13, 2022 Share Posted December 13, 2022 Just How Much Money Has Eric Adams Lost by Taking His Mayoral Paychecks in Crypto? A lot of people have lost a lot of money in cryptocurrency of late, including New York City Mayor Eric Adams. Last November, with Bitcoin peaking close to $69,000 and his inauguration just weeks away, Adams announced a grand plan to not only take his first three paychecks in cryptocurrency, but to make New York City “the center of cryptocurrency.” For a mayor with few legislative priorities, that commitment ranked high on a short list. On Jan. 21, according to reporting in the Verge, Adams received the first of his biweekly paychecks— $5,900, according to the New York Post—and flowed that money into the crypto exchange Coinbase. Adams’ office confirmed that he did indeed go on to convert three paychecks into cryptocurrency, splitting the money between Bitcoin and Ethereum. Some back-of-the envelope math gives a rough sense of how much money that decision has cost hizzoner. At time of writing, Bitcoin sits at $16,811.40; Ethereum is $1,229.74. Maybe they’ll have gone up since then; it’s possible, by the time you’re reading this, they’ll be lower still. That means that Adams has lost roughly 53 percent, 60 percent, and 57 percent on his first three paychecks. Where does that leave us? In good old-fashioned U.S. greenbacks, it means Adams has likely lost just over $10,000 on the stunt, which is a not insignificant amount of his pay. On Friday, he cashed the 24th paycheck of his mayoralty. I say “likely” in part because the mayor’s office would not confirm whether Adams is still holding onto all that crypto. Click on the link for the full article 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted December 13, 2022 Share Posted December 13, 2022 Link to comment Share on other sites More sharing options...
LD0506 Posted December 13, 2022 Share Posted December 13, 2022 This is the guy that Crypto Bros trusted . The ones who wouldn’t shut tf up about crypto. 1 Link to comment Share on other sites More sharing options...
Corcaigh Posted December 13, 2022 Share Posted December 13, 2022 20 minutes ago, LD0506 said: This is the guy that Crypto Bros trusted . The ones who wouldn’t shut tf up about crypto. If you aspire to that Learjet and that giant MF yacht you gotta believe, bro. Who are you gonna trust for solid investment information ... some nay-saying financial stiffs or Matt Damon, Kim Kardashian, Larry David or Tom Brady? 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted December 13, 2022 Share Posted December 13, 2022 Link to comment Share on other sites More sharing options...
LD0506 Posted December 15, 2022 Share Posted December 15, 2022 5 Link to comment Share on other sites More sharing options...
Cooked Crack Posted December 19, 2022 Share Posted December 19, 2022 1 Link to comment Share on other sites More sharing options...
CobraCommander Posted December 19, 2022 Share Posted December 19, 2022 1 hour ago, Cooked Crack said: Yeah I'm not sure I'd blame people like him and Larry David for taking the money. I'd take it in a heartbeat. Anyone dumb enough to invest in it is liable for that themselves. 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted December 19, 2022 Share Posted December 19, 2022 17 minutes ago, CobraCommander said: Yeah I'm not sure I'd blame people like him and Larry David for taking the money. I'd take it in a heartbeat. Anyone dumb enough to invest in it is liable for that themselves. Tell that to my life savings. I trusted Shaq and now all I have is debt and these ape jpegs. 5 Link to comment Share on other sites More sharing options...
CobraCommander Posted December 19, 2022 Share Posted December 19, 2022 17 minutes ago, Cooked Crack said: Tell that to my life savings. I trusted Shaq and now all I have is debt and these ape jpegs. Life Savings, you are dumb, do not invest in bitcoin whose value is propped up by celebrities like Shaq and Larry David. Link to comment Share on other sites More sharing options...
Cooked Crack Posted December 19, 2022 Share Posted December 19, 2022 4 hours ago, CobraCommander said: Life Savings, you are dumb, do not invest in bitcoin whose value is propped up by celebrities like Shaq and Larry David. I don't know. Shaq was right about the general insurance and Icy Hot. Feels like he'd know about financial products too. 5 Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted December 20, 2022 Share Posted December 20, 2022 2 hours ago, Cooked Crack said: I don't know. Shaq was right about the general insurance and Icy Hot. Feels like he'd know about financial products too. I stopped following Shaq's advice when he advertised Papa John's pizza and I **** my pants after eating it 2 1 Link to comment Share on other sites More sharing options...
tshile Posted December 20, 2022 Share Posted December 20, 2022 2 hours ago, Cooked Crack said: I don't know. Shaq was right about the general insurance and Icy Hot. Feels like he'd know about financial products too. And dollar cost averaging your gas when it’s at all time highs 1 1 Link to comment Share on other sites More sharing options...
Captain Wiggles Posted December 20, 2022 Share Posted December 20, 2022 55 minutes ago, Barry.Randolphe said: I stopped following Shaq's advice when he advertised Papa John's pizza and I **** my pants after eating it Aka The Shaqaronis. 1 Link to comment Share on other sites More sharing options...
Corcaigh Posted December 20, 2022 Share Posted December 20, 2022 I don’t blame Shaw or any paid spokesperson but it’s hardly good for their brand to shill for a product/service that people will see very negatively and possibly criminal. Link to comment Share on other sites More sharing options...
Cooked Crack Posted December 21, 2022 Share Posted December 21, 2022 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted December 22, 2022 Share Posted December 22, 2022 Link to comment Share on other sites More sharing options...
EmirOfShmo Posted December 24, 2022 Share Posted December 24, 2022 Link to comment Share on other sites More sharing options...
Fergasun Posted December 24, 2022 Share Posted December 24, 2022 This crime makes no sense unless there are tons of scams going on and these people were way more greedy than everyone else. SBF and Caroline worked at Jane Street quaint trading house where the starting salary out of college is $300k. Who the heck is giving away money to people like this for the initial investments? Link to comment Share on other sites More sharing options...
CousinsCowgirl84 Posted January 2, 2023 Share Posted January 2, 2023 🧐 2 Link to comment Share on other sites More sharing options...
Cooked Crack Posted January 8, 2023 Share Posted January 8, 2023 Pay me in real money or we gonna have issues 1 Link to comment Share on other sites More sharing options...
LD0506 Posted January 8, 2023 Share Posted January 8, 2023 Oy I have to admit I am really kinda enjoying the whole "What? Crypto was a scam??" schadenfrude You gullible mother****ers deserve it, every bit Link to comment Share on other sites More sharing options...
Cooked Crack Posted January 10, 2023 Share Posted January 10, 2023 2 Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted January 11, 2023 Share Posted January 11, 2023 The “Brady keeps playing and Gisele leaves his ass” thing is starting to make sense now. 2 Link to comment Share on other sites More sharing options...
China Posted January 11, 2023 Share Posted January 11, 2023 1 hour ago, TradeTheBeal! said: The “Brady keeps playing and Gisele leaves his ass” thing is starting to make sense now. Link to comment Share on other sites More sharing options...
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