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If you split your business into two (or more) parts, segregating legal activities into one entity and illegal stuff into a different entity, that doesn't make s
by Yizahi 4y ago
If you split your business into two (or more) parts, segregating legal activities into one entity and illegal stuff into a different entity, that doesn't make strictly the legal company good, or not a scam. FTX+Alameda is a Ponzi and always has been, and the mechanism why they failed (printing clown bucks, then selling them to hype the price, then print more and more) is exactly a Ponzi.
- adolph 4y ago> (printing clown bucks, then selling them to hype the price, then print more and more) FTX can't be a scam--that's basically how Fed and Treasury work.
- hef19898 4y agoAgree, if FTX was actually backed by a country with its own currency and an actual economy to back it up. Which it isn't.
- adolph 4y agoYep, it all boils down to who has the most guns. The Bahamas pirate ship is outclassed by the ship of state.
- freejazz 4y agoFed and Treasury are granted those powers by congress. That's why they aren't scams.
- adolph 4y agoA fine tautology, if you can keep it.