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by Melting_Harps
1304 days ago
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> The idea that a "bank run" caused this is just silly. FTX is not a bank. Are you familiar with the adage: The easiest way to rob a bank is to own one? Here is the thing, FTX may not ave been a registered bank, but it definitely functioned as a fractional reserve bank: and in the end that is what matters most! SBF is so screwed, and a part of me makes me think he wanted to implode all along: despite being born on 3rd base he is still an immense failure, furthermore his perverted notions of effective altruism were revealed to be just another misguided cult like any other used by your run of the mill conman to maximize is ROI from the woke-mob gatekeepers in SV. SBF is bankrupt in every sense of te word, financially as well as morally. What I can’t tell if it's affluenza or suicidal ideation/depression making him do these interviews. |
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He’s not trying to convince the world he’s not a bad guy, just her.