21–30 of 309 posts
So... is this guy just a complete sociopath or something? Telling everyone what regulations should be (and buying politicans) to ensure consumer protection while simultaneously sifting away 90% of consumer funds ? How does a person lie that much?
Instead of a supremely polished persona, he hard-committed to the sweaty geek.
Confidence, man.
My mental model of the blockchain industry is akin to FTXs balance sheet. I see an endless string of branded code servicing similar technologies, but where are the customer inputs putting in the billions needed to support the industry? Is blockchain liquidating crypto valuations into developer salaries with a VC subsidy?
Tuesday 11/08
129 https://news.ycombinator.com/item?id=33518961 FTX Appears to Have Stopped Processing Withdrawals, On-Chain Data Show (theblock.co)
747 https://news.ycombinator.com/item?id=33520585 Binance to acquire FTX (bloomberg.com)
110 https://news.ycombinator.com/item?id=33523274 FTX Token, FTT down by more than 80% in less than 24 hours (ftx.com)
Wednesday 11/09
430 https://news.ycombinator.com/item?id=33535161 FTX’s financial black hole leaves Binance balking at rescue plan (bloomberg.com)
420 https://news.ycombinator.com/item?id=33537821 We will not pursue the potential acquisition of FTX (twitter.com/binance)
Thursday 11/10
189 https://news.ycombinator.com/item?id=33541790 Ftx.com Has Probably Collapsed (effectivealtruism.org)
197 https://news.ycombinator.com/item?id=33547102 The Sam Bankman-Fried empire crumbled. What happened? (mollywhite.net)
516 https://news.ycombinator.com/item?id=33547863 FTX tapped into customer accounts to fund risky bets, setting up its downfall (wsj.com)
Friday 11/11
108 https://news.ycombinator.com/item?id=33558225 FTX Yikes (rekt.news)
1168 https://news.ycombinator.com/item?id=33561234 FTX to file for U.S. bankruptcy, CEO resigns (reuters.com)
Saturday 11/12
800 https://news.ycombinator.com/item?id=33570274 FTX faces potential hack, sees mysterious outflows totaling more than $600M (coindesk.com)
174 https://news.ycombinator.com/item?id=33571734 FTX investor Sequoia removed its glowing profile of Sam Bankman-Fried (businessinsider.com)
174 https://news.ycombinator.com/item?id=33575281 FTX held less than $1B in liquid assets against $9B in liabilities (ft.com)
139 https://news.ycombinator.com/item?id=33577311 FTX hacker identity discovered by Kraken Exchange team? (cryptoslate.com)
>> https://news.ycombinator.com/item?id=33577437 FTX balance sheet, revealed (ft.com)
^^ You are here ^^
https://mobile.twitter.com/metavestor/status/159120025903564...
Im genuinely intrigued by the $2.2 billion in SRM The peak market capitalisation of SRM was less than 1.5 billion (according to coinmarketcap.com ) . So how could FTX's holdings every be valued at 2.2 billion?
My mental model of the blockchain industry is akin to FTXs balance sheet. I see an endless string of branded code servicing similar technologies, but where are the customer inputs putting in the billions needed to support the industry? Is blockchain liquidating crypto valuations into developer salaries with a VC subsidy?
Is banking liquidating bank account funds into banker salaries? Sry for being the advocate of the devil and I am by no means a crypto fan
Im genuinely intrigued by the $2.2 billion in SRM The peak market capitalisation of SRM was less than 1.5 billion (according to coinmarketcap.com ) . So how could FTX's holdings every be valued at 2.2 billion?
Ah, I think FT story made a mistake, it isn't 2.2 billion dollars of SRM, it is 2.2 billion tokens. Biiiiiiiiig difference.
So... is this guy just a complete sociopath or something? Telling everyone what regulations should be (and buying politicans) to ensure consumer protection while simultaneously sifting away 90% of consumer funds ? How does a person lie that much?
He ran the inverse Theranos playbook. Instead of a supremely polished persona, he hard-committed to the sweaty geek. Confidence, man.
