4 ms·
“I am risk-neutral on overall impact.” isn't this a way of saying "I don't give a *@!# about any of you"? EA couched as nihilism. Nowhere in this do I find the
by sgt101 3y ago
“I am risk-neutral on overall impact.” isn't this a way of saying "I don't give a *@!# about any of you"? EA couched as nihilism.
Nowhere in this do I find the question of "what if he/I/we are wrong?" and if I rang Sequoia that is the thing that would make my blood cold and my mouth dry.
"Something of the sort must happen eventually, as the current system, with its layers upon layers of intermediaries, is antiquated and prone to crashing—the global financial crisis of 2008 was just the latest in a long line of failures that occurred because banks didn’t actually know what was on their balance sheets. Crypto is money that can audit itself, no accountant or bookkeeper needed, and thus a financial system with the blockchain built in can, in theory, cut out most of the financial middlemen, to the advantage of all. Of course, that’s the pitch of every crypto company out there. The FTX competitive advantage? Ethical behavior."
The most ironic quote of all time?