CZ compared FTT to Luna, and, it's essentially what it is if FTX will get acquired with a fucking hole on the users fund and FTT token has no purpose.
obviouslly there's no infite mint dynamic but you get, its value is zero if FTX don't exist because of insolvency.
wtf
It amazes me that Satoshi Nakamoto was able to create a commodity that not only has the lowest capital barriers to production of any commodity ever; but he/she/they were also able to guarantee truly fair distribution…🤯
I frequently sit in awe of #bitcoin’s characteristics.
@donalt It’s nice that we can have an open and objective discussion about this in the public domain
Anyways, we should go write our newsletter (brought to you by FTX) for TechnicalRoundup (brought to you by FTX) given we also have a livestream with Ledger later (brought to you by FTX)
Does CZ go for the killshot here? Announce ZERO trading fees, starve out FTX & Alameda and make it balance sheet war.
Can even do client deposits bonus's for funds coming from FTX wallets completely drain their volume. Liquidity begets liquidity.
Nice to see that some folks in charge of CBDC development understand their duty to preserve personal privacy.
Now they just need to understand that you can build systems where the personal data never even exists. Eliminate the question of storing it.
Use #Monero .
Breaking: The BitDAO community issued a proposal asking Alameda to provide the on-chain address of the tokens that promised not to be sold for 3 years. If there is no response within 24 hours, the community will decide what to do with the 3362315 FTT. https://t.co/HNrSSygL1K
I have a horrifying thought that the Alameda counterparty for the leveraged FTT exposure could be the solvency of FTX itself.
As $22 FTT fell, ~400k worth of FTT open interest was eviscerated.
Who else is capitulating with size at exactly that level except Alameda?
This is one reason so many employees of US media corporations are desperately trying to blame Elon Musk for the spread of disinformation.
Nobody - nobody - spreads disinformation more frequently and harmfully than they and their corporate employers.
https://t.co/zeVc6HlUNk