> Alameda was the one firm in the world that was capable of convincing a regional Japanese bank to ignore the Financial Services Agency, even though Japan’s ban

> Alameda was the one firm in the world that was capable of convincing a regional Japanese bank to ignore the Financial Services Agency, even though Japan’s banking regulator had told banks to be maximally skeptical When I was in Japan I saw this too, basically the nearest crypto grifter with the right unrelated pedigree convinces people that derive clout in this antiquated way. It makes me sad that “never crypto” gatekeepers eventually run into the nearest one who just happens to be shilling anything random. The whole point of crypto is that you don't need to gauge utility off of pedigree, you can gauge it on your own and reach an independent understanding that’s corroborated by all the other participants in the network, which includes walking away and being disinterested. There needs to be broad education on this stuff and what a properly managed crypto servicing organization looks like. Primarily because these are concepts that don't go away with any regulatory change, its as simple as 2 computers or nodes communicating with each other so it never goes away.