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For a fraudulent app, I'm surprised at how well FTX as a platform worked. I only played around with it for a while, buying/selling $250 worth of coins to try i
by yawnxyz 4y ago
For a fraudulent app, I'm surprised at how well FTX as a platform worked.
I only played around with it for a while, buying/selling $250 worth of coins to try it out. I thought it was fairly well-designed, fast, etc. and on par with other tools like Schwab or Robinhood.
To hear that the entire thing was a fraud makes me think that they put a lot of engineering/design effort into making the FTX platform work. It was a fully-functioning product, not some Theranos-like facade!
- rootusrootus 4y agoThat makes sense, though, the app wasn't fraudulent, just what they were doing on the back end with customer funds. It's of course in their best interests to hire good enough software talent to build an elegant platform that will inspire confidence and attract more 'investors.'
- noisy_boy 4y agoIt is actually an excellent example/warning for people, especially tech people, to not assume soundess of business based on the polish of the website/app.
- sizeofchar 4y agoI, myself, fell for that... :(