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> Which might be what he's looking for i.e. a bailout via printed money, which would allow investors to withdraw funds and OFC send inflation sky high... They
by jrochkind1 4y ago
> Which might be what he's looking for i.e. a bailout via printed money, which would allow investors to withdraw funds and OFC send inflation sky high...
They tried to do the equivalent by minting more of their in-house coin "FTT", right? Both after the bankruptcy filing, but I saw one analysis posted on HN suggest they had been doing that on an ongoing basis as part of their operations too, trying to cover shortfalls by simply minting FTT and calling that collateral for loans or what you have.
It just... didn't work.