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SBF
@SBF_FTX
to be clear this is _not_ how I describe yield farming--in context it was a toy model of what yield farming is *if you remove all useful parts of the protocol*
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web3 is going just great
@web3isgreat
FTX founder Sam Bankman-Fried tries to explain yield farming and it's just a ponzi April 25, 2022 web3isgoinggreat.com/?id=ftx-founde
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FTX founder Sam Bankman-Fried tries to explain yield farming and it's just a ponzi Sam Bankman-Fried, one of the most well-known crypto execs and the founder of the popular FTX crypto exchange, appeared for an interview on Bloomberg's Odd Lots podcast alongside finance journalist Matt Levine. When asked by Levine to explain yield farming, Bankman-Fried launched into an explanation in which he compared it to a box that "they probably dress it up to look like a life-changing" but it "does literally nothing". He explained how people put money into the box "because of, you know, the bullishness of people’s usage of the box". "So they go and pour another $300 million in the box and you get a psych and then it goes to infinity. And then everyone makes money." Levine responded, "I think of myself as like a fairly cynical person. And that was so much more cynical than how I would’ve described farming. You’re just like, well, I’m in the Ponzi business and it’s pretty good."
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Yaoikudasai
@36878C
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@RamonMetamoris7
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@SBF_FTX
Overconsumption of fruits and fruit juice may contribute to dental decay and cavities via the effect of fruit acids on tooth enamel. Longitudinal prospective cohort studies showed a significantly increased risk of type 2 diabetes when juices with added sugars
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Damlazy🐶💊
@s0damlazy
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@NFT_Shooter
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@SBF_FTX
Yes. I'm starting to distrust my tomato plant, it keeps growing tomatoes out of nowhere even after I threatned it with a shotgun! These scammers think they can get away with anything..
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