Will be interesting to see how they deal with the fact that central banks lend against strong collateral, something notably absent in crypto-land. I suppose a stablecoin might work for a while, until it turns out to be a fraud.
Maybe a valuation of an NFT of the previous record highs of the coins?
The image of the most bored ape.
Decentralized Crypto Stack Ranking is pretty harsh
Apparently the FTX balance sheet was interesting in multiple ways.
It’s an Excel file full of the howling of ghosts and the shrieking of tortured souls. If you look too long at that spreadsheet, you will go insane.
and
The result of adding or subtracting those numbers with ordinary numbers is not a number; it is prison.
Aceris
4166
Wasnt FTX one of the best regarded exchanges thought to be relatively more honest than the others?
“Hidden poorly labelled internal @fiat account : -$8bn”
WHAT
Per the Guardian, this is SBF’s Nassau condo, which was just listed for $40 million.
Maybe in that hidden poorly labeled internal @fiat account?
Aleck
4168
Serious answer: likely by how much exposure Binance and others who are part of the industry recovery fund have to the assets held by the entity in a liquidity crisis.
That’s a whole thread of mea culpa.
JoshL
4170
I don’t know who that guy is, but this bit of the thread:
Sorry he had to learn his lesson the hard way.
KevinC
4171
I’m starting to get a feeling that maybe we have banking and investment regulations for a reason. That can’t be it, though, surely?
Now why do I have zero empathy for a hedge fund on the wrong end of a fleecing?
He’s so close to getting it. “So many crooks in this space! If only there were something or someone who could stop the bad people from cheating.”
He watched The Big Short and identified with the wrong character.
LOL, half the replies to that thread is someone talking up whatever garbage crypto shit-coin they’re shilling for
