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He described defi yields as a literal ponzi. Sam Bankman Fried’s business is charging commissions to people in the ponzi and trading against them and he does a
by graeme 4y ago
He described defi yields as a literal ponzi. Sam Bankman Fried’s business is charging commissions to people in the ponzi and trading against them and he does a good job of that.
As an aside, for those who like names as destiny, SBF’s is epic
I.e. Bernie Madoff made off with their money
Nuke Goldstein of Celsius nuked depositors money
You get:
Scam-Bankman Fried
Or also Sam Bank-Man Fried (if they go bust)
This sort of naming thing is more common than you’d think in frauds anyway and if you are placing your money with someone who could chuckle to themselves “hehe I made-off with their money” it is a material risk
- bko 4y agoI want an exchange to be neutral. I don't want them to pick and choose the products I'm allowed to trade. Outright fraud should be avoided, but if someone wants to buy a shitcoin, they should be allowed to do so.
- Melting_Harps 4y ago> I want an exchange to be neutral. I don't want them to pick and choose the products I'm allowed to trade. Outright fraud should be avoided, but if someone wants to buy a shitcoin, they should be allowed to do so. BTC-e was the closest thing to that, and the FBI shut them down outside of their jurisdiction (RU). To this day they were the only exchange trying to make people whole after the seizure, everyone else just exit scammed or has had their funds tied up in an asset seizure (MT gox via the Japanese Government).
- lordgrenville 4y agoRelevant to https://en.wikipedia.org/wiki/Nominative_determinism https://en.wikipedia.org/wiki/Nominative_determinism (which itself is a probably just https://en.wikipedia.org/wiki/Pareidolia https://en.wikipedia.org/wiki/Pareidolia).