“Why are you so down on crypto, Patrick?” Because when Michael Lewis inevitably writes a book on the largest metafraud ever perpetuated, substantially encouraged and enabled by our industry, I would like him to be able to report “Not everyone in tech was blind to this.”https://twitter.com/CasPiancey/status/1133585910161821697 …
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I knew when the arbitrage opportunity between Mt Gox and Coinbase was like 30%
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Which is, what, ~3 years later than them being insolvent? I predict that 3 years from now we'll have substantially better distributed understanding of shenanigans that are happening today than we do currently.
End of conversation
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