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There is a transcript out there where Levine was talking to "SBF": "Matt: (27:13) I think of myself as like a fairly cynical person. And that was so much more
by vba616 4y ago
There is a transcript out there where Levine was talking to "SBF":
"Matt: (27:13)
I think of myself as like a fairly cynical person. And that was so much more cynical than how I would've described farming. You're just like, well, I'm in the Ponzi business and it's pretty good."
https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm...
Plenty of people read/listened to that. Perhaps nobody called it, but a lot of people aren't shocked.
I think more people have "called" the collapse of Tether, but you know, eventually maybe they will be right?