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FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors

36 points by kristianp 3y ago

yogorenapan 3y ago
> FTX's FTT token climbed 10% on the news. How is the token still trading? I thought FTX has already collapsed.
- mikeodds 3y ago
  No one calls timeout in crypto and it’s just an ERC-20 It’s fairly illiquid on most non bucket shop exchanges though https://www.coingecko.com/en/coins/ftx-token https://www.coingecko.com/en/coins/ftx-token
- lebean 3y ago
  The market can remain irrational longer than you can remain solvent.
- zoklet-enjoyer 3y ago
  It's on a permissionless block chain. It can't be stopped. That's kind of the point of the whole thing.
- yieldcrv 3y ago
  AMM - automated market maker - and LP - liquidity pool - technology has been a big boon for crypto value for half a decade now Uniswap is Silicon Valley based and venture backed, they launched the AMM and liquidity pool technology, it was immediately cloned and on its own removed the exchange gatekeeping from the equation about what can trade but the clones took that to a rabid level, there is no limit to what can have price discovery now. It doesnt need prestige or coordination for fungibility and exchange “listing” to exist so everything trades now. liquidity is just parked in a pool, often irreversibly, so dead and defunct things always continue trading. Most importantly, it’s fun
  - bdjsiqoocwk 3y ago
    > Most importantly, it’s fun As an insider to the market making industry[1] I find it deeply unfun. I've long thought that Id take less money for more intellectually stimulating work. [1] in real markets, not mickey mouse crypto markets.
    - yieldcrv 3y ago
      Because you’re doing something harder and riskier, that AMMs have almost reached parity with feature set wise
      - bdjsiqoocwk 3y ago
        > AMMs have almost reached parity with feature set wise I can tell you it definitely doesn't feel like that. It constantly feel like there's more ideas than time to implement them.
TacticalCoder 3y ago
Be careful about the people who rooted for SBF while his ponzi was ongoing: they'll try to explain that nobody lost money... But as long as users do not get all the coins they had there, they ve been ponzi-scammed by SBF. Giving them back dollars for a much lower value than what their coins are now worth is not OK. Hopefully the judge sees that and won t fall for more SBF-shilling by journalists and the like.
- Crosseye_Jack 3y ago
  > Be careful about the people who rooted for SBF while his ponzi was ongoing: they'll try to explain that nobody lost money... SBF is trying that claim himself to try and get a reduced sentence because the bankruptcy process is going better than people expected when the shit hit the fan.
  - ahaseeb 3y ago
    I always wonder if exchange was still here with SBF, how different things would've been. SBF is certainly to blame but the winners here are bankruptcy lawyers

36 points by kristianp 3y ago

yogorenapan 3y ago

> FTX's FTT token climbed 10% on the news. How is the token still trading? I thought FTX has already collapsed.

mikeodds 3y ago
No one calls timeout in crypto and it’s just an ERC-20 It’s fairly illiquid on most non bucket shop exchanges though https://www.coingecko.com/en/coins/ftx-token https://www.coingecko.com/en/coins/ftx-token
lebean 3y ago
The market can remain irrational longer than you can remain solvent.
zoklet-enjoyer 3y ago
It's on a permissionless block chain. It can't be stopped. That's kind of the point of the whole thing.
yieldcrv 3y ago
AMM - automated market maker - and LP - liquidity pool - technology has been a big boon for crypto value for half a decade now Uniswap is Silicon Valley based and venture backed, they launched the AMM and liquidity pool technology, it was immediately cloned and on its own removed the exchange gatekeeping from the equation about what can trade but the clones took that to a rabid level, there is no limit to what can have price discovery now. It doesnt need prestige or coordination for fungibility and exchange “listing” to exist so everything trades now. liquidity is just parked in a pool, often irreversibly, so dead and defunct things always continue trading. Most importantly, it’s fun
- bdjsiqoocwk 3y ago
  > Most importantly, it’s fun As an insider to the market making industry[1] I find it deeply unfun. I've long thought that Id take less money for more intellectually stimulating work. [1] in real markets, not mickey mouse crypto markets.
  - yieldcrv 3y ago
    Because you’re doing something harder and riskier, that AMMs have almost reached parity with feature set wise
    - bdjsiqoocwk 3y ago
      > AMMs have almost reached parity with feature set wise I can tell you it definitely doesn't feel like that. It constantly feel like there's more ideas than time to implement them.

TacticalCoder 3y ago

Be careful about the people who rooted for SBF while his ponzi was ongoing: they'll try to explain that nobody lost money... But as long as users do not get all the coins they had there, they ve been ponzi-scammed by SBF. Giving them back dollars for a much lower value than what their coins are now worth is not OK. Hopefully the judge sees that and won t fall for more SBF-shilling by journalists and the like.

Crosseye_Jack 3y ago
> Be careful about the people who rooted for SBF while his ponzi was ongoing: they'll try to explain that nobody lost money... SBF is trying that claim himself to try and get a reduced sentence because the bankruptcy process is going better than people expected when the shit hit the fan.
- ahaseeb 3y ago
  I always wonder if exchange was still here with SBF, how different things would've been. SBF is certainly to blame but the winners here are bankruptcy lawyers