1/ The little I've observed about makes me positively inclined toward him as an honest broker in a sea of mostly-scams. (I am ashamedly a credentialist, and he has the [intergenerational] credentials.)
's vote of confidence carries a lot of water with me too.
Conversation
2/ There is a lot to cheer in FTX's policy proposals. Notably, bringing oversight standards from other markets to crypto, regulation of stablecoins, and enforcing AML.
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3/ My hypothesis is that all crypto to date, and Bitcoin specifically, is a negative-sum asset class. That the only thing which keeps it going up -- indeed the only thing that keeps it alive -- is invisible, irresponsible leverage from Tether and other shadowy market actors.
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