4 ms·

Thanks for the link. A monopoly for FTX would mean what given how they managed themselves? Excessive money into opaque entities owned by FTX, I guess.

• pas 3y ago
  It was not a coherent strategy. They basically put the whole industry on a trajectory that was unsustainable, and hoped that there's at least one more price increase/jump, that'll 10x their value, because in that case that means everyone is using crypto, there's no "backing off", etc.
  • dpflan 3y ago
    Indeed, it seemed on the verge of collapse once the curtain was pulled back. I can’t see how a regulation monopoly would have done anything more than make its implosion that much bigger and influence more of economic and political structure as more entities would have become intertwined, pulled by the gravity of greed.