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> and that customers might be made "whole" if FTX were recapitalized like Bitfinex was The obvious difference being that Bitfinex seems to be run by adults.
by rosnd 4y ago
> and that customers might be made "whole" if FTX were recapitalized like Bitfinex was
The obvious difference being that Bitfinex seems to be run by adults.
- the_mitsuhiko 4y agoWhich doesn’t necessarily mean that Bitfinex won’t collapse. It had the benefit of a rising market and lack of regulation which allowed them to give out tradable equity.
- rosnd 4y agoOf course, but given that the lost money has now been recovered and has vastly increased in value since the theft (from $72 million to over two billion, out of which Bitfinex keeps at least 20%) it's not all that likely that Bitfinex will collapse.
- candiddevmike 4y agoI think the majority of Ponzi Schemes are ran by adults, too.
- rosnd 4y agoBitfinex doesn't offer any Ponzi-like features, their "staking" product for example is as conservative as can be.
- FireBeyond 4y ago> The obvious difference being that Bitfinex seems to be run by adults. Who like to repeatedly lie to people too. Remember how "We're unrelated to Tether" turned into "We gave Tether a loan. See how the three signatories on the Bitfinex side of that contract are our corporate officers, Mr A, B and C, and Tether's corporate officers who signed the contract for them are Mr A, B and C? We're going to need you to ignore that." And others.