Web3 reduces entrepreneurial barriers to all-time lows.
But oh, how the competition is abundant. Fierce.
You, the builder, are better off ignoring the hordes and their fickle fancy.
Find your North Star. Once you know why you’re here, the vision will fall into place.
@x_Contrarian_x @dcinvestor@lawmaster@matthuang I’m playing devils advocate here and agree that sbf was up to some shenanigans
BUT diligence is more than just data from the counter party. Despite sbf likely submitting some funky docs, they should have been analyzed in more depth considering the scope of crypto markets.
@x_Contrarian_x @dcinvestor@lawmaster@matthuang There’s more to DD than financial statements, let alone for a crypto protocol. shouldn’t the diligence be commensurate w the EXTREME levels of risk involved?
@x_Contrarian_x @dcinvestor@lawmaster@matthuang If simply looking at audited financial statements for a crypto exchange is DD, the funds etc deserve to loose.
Very likely the diligence uncovered that FTX was more or less a MM and a CEX all in one and that’s enough for partners to give the OK
@x_Contrarian_x @dcinvestor@lawmaster@matthuang To say there was no “reasonable doubt” based on their pitch deck claiming they wouldn’t loose *any* money due to their trading strategy seems a lil far fetched of a statement to say w a straight face
@ZK_shark@Ledger I’ve also seen threads saying contrary to popular belief, it is safu to take the ledger w you when traveling and there’s potential to need access.
Long as seed phrase is properly stored, you can recover and transfer in case of a lost ledger hardwallet!