StanislawBits on Nostr: This is the ultimate proof that none of these fiat guys have a fucking clue and they ...
This is the ultimate proof that none of these fiat guys have a fucking clue and they really have been playing the game on easy mode.
It takes very little understanding of tokenomics, crypto ponzi bullshit and previous exchange collapses to understand that ftx was total bullshit.
From the Korean arb origin story to the "I drive a Honda" pr campaign this shit had red flags all over it from the start and I'm just a humble sat stacking pleb who works a regular 9-5 for "the man".
It genuinely sickens me that these idiots have achieved the level of wealth they have whilst being absolutely fucking oblivious.
The incentives of the entire system are totally fucked.
Bitcoin really does fix this.
It takes very little understanding of tokenomics, crypto ponzi bullshit and previous exchange collapses to understand that ftx was total bullshit.
From the Korean arb origin story to the "I drive a Honda" pr campaign this shit had red flags all over it from the start and I'm just a humble sat stacking pleb who works a regular 9-5 for "the man".
It genuinely sickens me that these idiots have achieved the level of wealth they have whilst being absolutely fucking oblivious.
The incentives of the entire system are totally fucked.
Bitcoin really does fix this.