{"id":40079,"date":"2022-11-11T12:50:32","date_gmt":"2022-11-11T16:50:32","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=40079"},"modified":"2022-11-11T12:50:36","modified_gmt":"2022-11-11T16:50:36","slug":"ross-stevens-warns-against-non-bitcoin-crypto-investment","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ross-stevens-warns-against-non-bitcoin-crypto-investment\/","title":{"rendered":"Ross Stevens Warns Against Non-Bitcoin Crypto Investment"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-ross-stevens-said-that-nydig-has-always-turned-down-chances-to-work-with-companies-like-ftx-three-arrows-blockfi-celsius-and-others-like-them\">Ross Stevens said that <a href=\"https:\/\/www.google.com\/search?q=Stevens+said+that+NYDIG+has+always+turned+down+chances+to+work+with+companies+like+FTX%2C+Three+Arrows%2C+BlockFi%2C+Celsius%2C+and+others+like+them.&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">NYDIG<\/a> has always turned down chances to work with companies like FTX, Three Arrows, BlockFi, Celsius, and others like them.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"933\" height=\"558\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-63.png\" alt=\"Ross Stevens Warns Against Non-Bitcoin Crypto Investment\" class=\"wp-image-40081\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-63.png 933w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-63-300x179.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-63-768x459.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-63-750x449.png 750w\" sizes=\"(max-width: 933px) 100vw, 933px\" \/><figcaption class=\"wp-element-caption\">Ross Stevens Warns Against Non-Bitcoin Crypto Investment<\/figcaption><\/figure>\n\n\n\n<p>&#8220;Life is too short to do anything other than work with people you like, trust, and would be ferociously proud to be in a foxhole with when the bullets are flying,&#8221; said NYDIG founder and Chairman Ross Stevens, explaining why his company has no ties to the now-bankrupt <a href=\"https:\/\/coinscreed.com\/staging\/bahamas-regulator-freeze-ftx-assets.html\" target=\"_blank\" rel=\"noreferrer noopener\">FTX<\/a>.<\/p>\n\n\n\n<p>In an essay called &#8220;Through the Looking Glass,&#8221; Stevens pointed out a number of warning signs that led NYDIG to turn down many &#8220;opportunities&#8221; to &#8220;partner&#8221; with FTX and other failed platforms like <a href=\"https:\/\/coinscreed.com\/staging\/three-arrows-capital-to-seek-appropriate-sanctions-over-legal-filings.html\" target=\"_blank\" rel=\"noreferrer noopener\">Three Arrows<\/a> Capital, Celsius, and others. &#8220;Run, don't walk away&#8221; when you can't get clear answers to simple questions like &#8220;How do you make money?&#8221;<\/p>\n\n\n\n<p>Stevens said that NYDIG will stay a Bitcoin company, and he told his readers not to invest in crypto or <a href=\"https:\/\/coinscreed.com\/staging\/how-to-discover-defi-tokens-with-potential.html\" target=\"_blank\" rel=\"noreferrer noopener\">decentralized finance<\/a> that is not based on Bitcoin (DeFi).<\/p>\n\n\n\n<p>&#8220;As much as Bitcoin cares about <a href=\"https:\/\/coinscreed.com\/staging\/sam-bankman-fried-vitalik-buterin-propose-fix-for-twitter-bot-issues.html\" target=\"_blank\" rel=\"noreferrer noopener\">Sam Bankman-Fried<\/a>, Changpeng Zhao, me, or you, it cares just as much about gravity,&#8221; Stevens said in the end. &#8220;A new bitcoin block was made every ten minutes. Every ten minutes. Every ten minutes.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ross Stevens said that NYDIG has always turned down chances to work with companies like FTX, Three Arrows, BlockFi, Celsius, and others like them. &#8220;Life is too short to do anything other than work with people you like, trust, and would be ferociously proud to be in a foxhole with when the bullets are flying,&#8221; [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":40081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[6898,6459,778],"class_list":["post-40079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-nydig-2","tag-sam-bankman-fried","tag-ftx"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-63.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=40079"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/40081"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=40079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=40079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=40079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}