[Yizahi]

If you split your business into two (or more) parts, segregating legal activities into one entity and illegal stuff into a different entity, that doesn't make strictly the legal company good, or not a scam. FTX+Alameda is a Ponzi and always has been, and the mechanism why they failed (printing clown bucks, then selling them to hype the price, then print more and more) is exactly a Ponzi.

[adolph]

> (printing clown bucks, then selling them to hype the price, then print more and more)

FTX can't be a scam--that's basically how Fed and Treasury work.

[hef19898]

Agree, if FTX was actually backed by a country with its own currency and an actual economy to back it up. Which it isn't.

[adolph]

Yep, it all boils down to who has the most guns. The Bahamas pirate ship is outclassed by the ship of state.

[freejazz]

Fed and Treasury are granted those powers by congress. That's why they aren't scams.

[adolph]

A fine tautology, if you can keep it.