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75 sats \ 4 replies \ @nkmg1c_ventures 9h \ on: Bitcoin treasuries part deux! econ
Bitcoiners forget how little the average person engages with all the research and side drama, so FTX and Crypto Queen do a lot of damage
Most Bitcoiners still have not read Michael Lewis book on SBF- instead they swallowed the fiat bankers/establishment FUD on what was a hit job on SBF and FTX.
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That book is probably still a bit too lenient, there was so much fuckery with the shell companies, money laundering, calling in the Enron guy. As I recall the commentary on the book at the time was that Lewis went easy on him.
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Did you read the book itself?
I did and it gave a very different picture to the hysteria going around at the time of the take down . . . read the book and decide for yourself but all I am saying is most Bitcoiners bought the witch hunt narrative that was not the full story.
Everyone was using front companies to gain banking access- unless you were Coinbase and thus working for the fiat establishment all along.
Lewis does not paint SBF as a saint but as a complex and highly skilled operator somewhere on the Asperger's spectrum - working in a financial culture culture of extremely questionable principles to say the least- SBF was a product of a corrupt financial sector culture but was taken down because what he was doing did not align with the political Chokepoint2 agenda of shutting down crypto.
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Whatever the average person does or does not engage in, I see that as a manifestation of Darwinism.
So yeah, if one wants to focus on FTX, Saylor, Crypto queen or whatever instead of understanding Blockchain, UTXO, signatures, HTLC or unlocking script...well, his loss, my gain.
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