3 ms·
> They have the ability to easily create tens of millions of dollars as needed based on their BNB reserves Sounds like a huge red flag.
by ergocoder 4y ago
> They have the ability to easily create tens of millions of dollars as needed based on their BNB reserves
Sounds like a huge red flag.
- roland35 4y agoWoohoo magic mystery money! How did that work out for FTX with FTT?
- Gigachad 4y agoI was told crypto was the answer to central banks printing money. Ironically a tech friend predicted all this way way back at the start, I mentioned one of the advantages of bitcoin was the fixed amount and he replied "What stops your exchange from showing $1000 on the webpage but not actually holding that amount?" Exactly the problem unfolding years later.