...and with a whimper not a bang a measurable percentage¹ of #bitcoinmining capacity is absorbed by the truly predatory part of the financial system.

you know, the part the rest of us keep trying to build walls around bc we're tired of getting eaten by monsters. #BlackRock

¹ #CORZ was (is?) the biggest miner in the world

On Wednesday, Core Scientific Inc #CORZ.O, a⚒️🪙#cryptocurrency mining co. told that it filed for Chapter 11 #bankruptcy protection in US
https://bit.ly/3jctflo
As I explained to you a few days ago, defaults of indebted cos. that do not make profits are💸💸transferred to creditor cos. and debt holders, in an endless nightmare that simply indicates that everything was quackery, vacuum and propaganda, without any tangible assets.

On Wednesday, Core Scientific Inc #CORZ.O, a⚒️🪙#cryptocurrency mining co. told that it filed for Chapter 11 #bankruptcy protection in US
https://bit.ly/3jctflo
As I explained to you a few days ago, defaults of indebted cos. that do not make profits are💸💸transferred to creditor cos. and debt holders, in an endless nightmare that simply indicates that everything was quackery, vacuum and propaganda, without any tangible assets.

The #CoreScientific #CORZ bankruptcy filing has been confirmed. Core Scientific filing for bankruptcy has been confirmed. https://www.bloomberg.com/news/articles/2022-12-21/core-scientific-files-for-bankruptcy-as-crypto-winter-lingers

#Terra/#Luna, #Celsius, #FTX, and now #CoreScientific (#CORZ): The #crypto "currency" world shows continuity this year.

Some of the biggest names have disappeared or are under bankruptcy protection (#Chapter11) or will be filing today. And you've probably heard the rumors that #Binance is in trouble as well.

https://www.cnbc.com/2022/12/20/bitcoin-miner-core-scientific-filing-for-bankruptcy-will-keep-mining.html

Gläubiger bietet insolventer Mining-Firma Core Scientific weiteren großen Kredit https://de.cointelegraph.com/news/creditor-offers-bitcoin-miner-core-scientific-72m-to-avoid-bankruptcy #finanzdienstleister #shareholders #stakeholders #gläubiger #bitcoin #kredit #miner #Riley #RILY #CORZ #Core

Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy - B. Riley suggested the embattled miner’s issues were “self-impose... - https://cointelegraph.com/news/creditor-offers-bitcoin-miner-core-scientific-72m-to-avoid-bankruptcy #shareholders #stakeholders #fiduciary #riley #rily #corz #core