BREAKING NEWS: This is an announcement that has been decades in the making.
On December 5, 2022 a team from DOE's @Livermore_Lab made history by achieving fusion ignition.
This breakthrough will change the future of clean power and America’s national defense forever.
Sam has shared the below letter with FTX employees. The takeaway is an absence of responsibility with zero admission that the factors that led to this debacle were in his control. Sam claims that he didn't "realize the magnitude of risk." The main remorse is that he got caught.
It's remarkable how many people who've never run any kind of company think they know how to run a tech company better than someone who's run Tesla and SpaceX.
From a BlockFi employee: "The only reason FTX bailed us out was to get our user funds onto their platform to use in their shell game. They applied immense pressure to get BlockFi funds migrated to FTX custody. Employees were told by executives not to ask questions about the move"
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This crash is unmasking what should have been clear
Web3 apps succeed only if they provide value after stripping out speculation w/ their native token
web3 games should be fun to play
defi protocols should provide a financial service
nft creators should produce good content
etc