4 ms·
I think this is unfair to the founder of Binance, honestly. SBF was a pure unadulterated scammer. He was a thief, a crook, with no redeeming qualities. The guy
by julianeon 4y ago
I think this is unfair to the founder of Binance, honestly.
SBF was a pure unadulterated scammer. He was a thief, a crook, with no redeeming qualities. The guy who picks your pocket - SBF is as bad, worse, than that.
The founder of Binance voiced some doubts about the safety of SBF's exchange. Why? Because he had some insight into it. Because he knew people had their money in it and, by staying silent, people could lose more. And because, if SBF turned out to be a scammer, he doesn't owe him 'respect' - he owes the people in the industry a warning, if he can give them a timely one.
He was right about every single suspicion he had, and when it comes to his 'criticisms' of SBF, he deserves absolutely zero blame.
- tootie 4y agoCZ bought a huge amount of FTT. Making wise investments is part of his job and he failed. Why? Because it's absolutely impossible to make rational investments in crypto. Why did he buy it in the first place? What information was available to justify the price of FTT? What calculation did he make that said it would pay off? And what changed to make him sell?
- boomerango 4y agoA slight clarification: Binance owned a 15% stake in FTX and sold it back to FTX for FTT.
- sroussey 4y agoWhich seems like a worse decision, not a better one.