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I don't doubt that you may be true, but HN was full of comments explaining how FTX/Alameda is not a scam, but how they use deep knowledge, domain information, h
by throw_pm23 4y ago
I don't doubt that you may be true, but HN was full of comments explaining how FTX/Alameda is not a scam, but how they use deep knowledge, domain information, how they are ruthless and efficient, how they are scientific and disciplined, how they are "real sharks", etc.
EDIT: here is a relevant thread:
https://news.ycombinator.com/item?id=30503820 https://news.ycombinator.com/item?id=30503820
- lordnacho 4y agoYeah but RT has been going great for a lifetime, publicly to start with, then privately. You wouldn't take a thing off the market if it was a scam. FTX was legit making money, they just also blew even more of it. Somehow.
- blitzar 4y agoAlameda was legit making money; their strategy was to be long everything with leverage - all the time. Mathematical geniuses in a raising market, lost 100bn in a declining market.
- bluepizza 4y ago> You wouldn't take a thing off the market if it was a scam. Turning crime profits into legitimate businesses is classic mafia behavior.