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I think it's a mistake to assume anything connected to FTX or that SBF did is by default shady or criminal in nature. Like, if you found out they purchased thei
by 22289d 4y ago
I think it's a mistake to assume anything connected to FTX or that SBF did is by default shady or criminal in nature. Like, if you found out they purchased their company toilet paper from Amazon - would that indicate some nefarious motivations?
Yes, they're criminals who belong in jail but only for the way they managed their balance sheet. They were also great builders who had awesome products and wanted to do all the great things they said they wanted to do.
Buying a bank is something probably every crypto exchange has considered doing, so they can have access to the financial system and not have to pay massive amounts of money and have huge headaches processing payments for their customers. I'm surprised Coinbase doesn't own one by now - or perhaps they do.
- leethaxor 4y agoIf they paid 5x the normal price of toilet paper and they were picking it up in the middle of a desert then yes I'd assume there's something shady going on.
- e1g 4y agoIf they purchased toilet paper by paying 10-100x to a no-name supplier based in the middle of nowhere, and the same company is known for countless shady/fraudulent deals and non-existent financial checks and balances, then yeah that toilet paper has bullshit smeared all over it.
- jbverschoor 4y agoOh I'm all on the other side... I think it's a mistake to think anything SBF does is not shady. It's his history, everything that revolves about him, ftx, alameda, or his past is shady. I think SBF was VERY informed, especially looking at his background. It's simple greed for power (not even the money).
- 22289d 4y agoWhat is shady about the fact that he likes to cook vegetables with oil and a lot of salt?
- deleted 4y ago[deleted]