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by adolph 1314 days ago
> (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.

2 comments

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.
Yep, it all boils down to who has the most guns. The Bahamas pirate ship is outclassed by the ship of state.
Fed and Treasury are granted those powers by congress. That's why they aren't scams.
A fine tautology, if you can keep it.