2 ms·
These people are supposed to be some kind of geniuses but everything that comes out of their mouth is contentless drivel. Caroline says at best she's using ele
by notch656a 4y ago
These people are supposed to be some kind of geniuses but everything that comes out of their mouth is contentless drivel. Caroline says at best she's using elementary school math. The articulation SBF provided of how the system works was literally something like 'A box you put coins into and take money out of' which he then explained to be a ponzi scheme in everything but name. How on earth did these kids come to be in charge of such massive amount of capital? The whole thing defies logic.
- tb_technical 4y agoThey're well connected ivy-league kids with a politically and financially enriched background. They had rich folks who know other rich folks, and they were trying to do a capture of an emerging financial sector (that they then lobbied to regulate with the government). It was a scam from the start that would turn crypto into political party money - forever. It's actually a surprise they didn't succeed