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by once_inc
1313 days ago
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> it seems so hard to grok that they couldn't have modelled all of this risk properly I think they did, but their management got greedy and overly hopeful that Bitcoin was going to break 100k last year. This is a trend in crypto for quite a while now: companies get big when the price increases, then get overly complacent and greedy when the market turns. Remember, you can have perfectly simulated risk assessments, only to have your boss say: "but we want to risk it anyway" and just ignore your protests. |
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