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I’ll never understand why they were doing this kind of stuff when they had a good viable business as an exchange and the volume of transactions meant even a sma
by digitaltrees 4y ago
I’ll never understand why they were doing this kind of stuff when they had a good viable business as an exchange and the volume of transactions meant even a small percentage fee would generate massive amounts of profit. Greed is a hell of a drug I guess.
- LatteLazy 4y agoIt baffles me too. Alameda made perfect sense when it was making money and providing liquidity. But it's time was over since it had no actual edge in the space except for being first (and there were now 101 other smarter, faster entities competing with it). If he'd just let it die gracefully he'd still be Mr Popular and Respectable...