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They will use this to capture all crypto and regulate it. Problem, Reaction, Solution. I think FTX was only caught because Binance exposed them too early before
by crazymoka 4y ago
They will use this to capture all crypto and regulate it.
Problem, Reaction, Solution. I think FTX was only caught because Binance exposed them too early before SBF could bring regulation to the exchange and insulate himself. Him, his family and GF all have ties to people that could have made this happen.
Now no matter what the end game is regulation, either by someone like SBF to make it happen or knowing full well it was going to blow up. With regulation they can protect the fox in the hen house like they do with the stock market and keep all the control.
If you don't think so, read in depth what Bernie Madoff did and how connected he was. The best part is, stock market still allows PFOF which he invented to help with his Ponzi scheme.
Just my take on it all...
- radicalbyte 4y agoI don't think that it'll be that long until Binance suffer the same fate. Probably about 6 months.
- majormajor 4y ago> before SBF could bring regulation to the exchange and insulate himself. If that was his endgame he would've had better record keeping and books. Regulation and paperwork go hand in hand, he was not set up for existing in a regulatory environment.