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"Fundamentals remain solid." Can you imagine how many times that exact phrase was thrown at new investors to FTX or any other such crypto?
by wzy 4y ago
"Fundamentals remain solid."
Can you imagine how many times that exact phrase was thrown at new investors to FTX or any other such crypto?
- nailer 4y agoFTXs terms didn’t allow them to use customer’s money as deployable capital. That’s SBF committing fraud and doesn’t change the low transaction costs and speed of the network, much like madoff didn’t make the concept of cash worthless.