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Your example undercuts your thesis. Given that FTX no longer exists while Coinbase does, FTX was not competitive in the long term. Being “competitive” for a cou
by clintonb 4y ago
Your example undercuts your thesis. Given that FTX no longer exists while Coinbase does, FTX was not competitive in the long term. Being “competitive” for a couple years is typically not the goal of founders or investors.
- The_Colonel 4y ago> Being “competitive” for a couple years is typically not the goal of founders or investors. Crypto actually seems like a perfect field to pursue this strategy. Make outrageous promises, find customers willing to believe that ("crypto is different"), cash out.