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Forget the math, the tech, the error you made-- that lots of people made-- is we must evaluate the trustworthiness of the people running the show, and run like
by unyttigfjelltol 3y ago
Forget the math, the tech, the error you made-- that lots of people made-- is we must evaluate the trustworthiness of the people running the show, and run like heck from any whiff of lack of integrity. My impression of the FTX folks was they exhibited catastrophic lack of maturity, at minimum. Now, the cynic says that perhaps folks were desensitized by shortcomings of crypto culture in general... which to my mind is a cautionary sign for anyone speculating in that area who has not yet been separated from their stake.
- tombert 3y agoI didn’t actually do anything with FTX, at least not directly; I did not realize that the Gemini Earn program had anything to do with FTX or SBF until after everything collapsed. I didn’t feel like the Gemini people were terribly unprofessional; at least not outwardly.
- tornato7 3y agoI think it shows some professionalism that the Winklevoss twins have committed $100M of their own capital to pay back Earn users. They are trying to do the right thing.