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> Unbelievable the amount of destruction of value here... it's just total carnage. Impressive to see that both VC money AND customer money is burnt at immense
by chinathrow 4y ago
> Unbelievable the amount of destruction of value here... it's just total carnage.
Impressive to see that both VC money AND customer money is burnt at immense ammounts. How can these founders sleep at night?
- andirk 4y agoThe VC money is nothing new. Throw money at a handful of possible game-changers and see what sticks. The customers did not simply buy crypto. They gambled it. That's a gamble on top of a gamble being run by a few people in the Bahamas. What's odd is that those gambles were risky within reason, but the fallout was just pure human corruption and/or incompetence. And putting FTT on balance sheets as actual value is laughable.