Miami nightclub owners mourn loss of ‘crypto nerds’ after FTX collapse | Hacker News Reader

Miami nightclub owners mourn loss of ‘crypto nerds’ after FTX collapse

nypost.com

35 pointsmikece14 comments

Good on them for cashing some of their winnings into fiat!... then showering 50 Cent with the money.

Being humble, even in the face of new wealth, is a virtue. Spending it all at da club to prove one is a big man is pretty pathetic.

Those Miami clubs will need to lean back on their old laurels: generational wealth.

And drug dealers

And this is why the rich stopped going to the club after the 70s and instead created their own private country clubs. Fun fact, contrary to popular opinion the majority of these clubs do not offer alcohol.

Really? The high end clubs I've been to usually had a 2 bottle minimum and each bottle was 1-2k

Maybe notart666 just meant alcohol us non-rich can afford.

I think he’s talking about the country clubs not offering alcohol

> 2 bottle minimum and each bottle was 1-2k

I don't mean that. It's very uncommon for the wealthy to drink. It's not really a thing. They all think it's a scam and they don't like their kids near it either. It's the reason so many girls do horseback riding. It's a controlled environment.

This sounds like total BS.

I knew a well known chef that worked at a lot of these venues the people buying alcohol were upper middle class businessmen. High society doesn't really drink. Especially at social events. It was a surprise to me when he took me with him as a kid.

I can +1 this.

I can't add anything more besides: having more than a few sips with food is already too extreme for upper crust sensibilities.

Everything in moderation makes everything well tolerated.

I recall that talking to overly ostentatious people in nightclubs as to what they are doing for work was a canary in the coalmine for lots of large scale fraud, especially when it was apparent in any discussion with them that they were far from the intellectual capacity to understand what they were doing.

2000: "I'm daytrading in dotcom stocks"

2005: "I'm a mortgage broker, want an interest-only mortgage?"

2020: "Crypto baby!"

There never were enough legitimate sources of income to go around.

Miami is great for premium used cars, too.

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