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FYI to people unaware, the author of this piece, Chamath is an opportunist and possibly commits fraud. https://www.newyorker.com/magazine/2021/06/07/the-pied-p
by ipsum2 4y ago
FYI to people unaware, the author of this piece, Chamath is an opportunist and possibly commits fraud.
https://www.newyorker.com/magazine/2021/06/07/the-pied-piper-of-spacs https://www.newyorker.com/magazine/2021/06/07/the-pied-piper...
https://www.protocol.com/bulletins/chamath-palihapitiya-clover-health-spac-doj https://www.protocol.com/bulletins/chamath-palihapitiya-clov...
- EGreg 4y agoAlso huge early adopter of bitcoin
- tb84 4y agoIs that supposed to be a bad thing?
- EGreg 4y agoWell, it’s probably how he built a lot of his wealth. Then he moved on to SPACs. I regard Bitcoin as a speculative bubble, I myself have known about it since 2011 and back when it was $10-50 did not consider it a bubble, because I thought it would become a medium of exchange: https://magarshak.com/blog/?p=148 https://magarshak.com/blog/?p=148
- tb84 4y ago> I regard Bitcoin as a speculative bubble So do I; shame it turned out this way. I also like the reference to Gresham's law in your post. Spot on, almost a decade earlier.
- lvl102 4y agoThis is what happens when some idiot gets lucky getting hired by FB. No one liked him there. This guy literally failed his way to “success.”