SBF(FTX), Brian Armstrong(Coinbase) & CZ(Binance) are not innovators...
8 sats \ 5 comments \ @starbuilder 12 Aug 2022 bitcoin
Can anyone name any product innovation these guys invented.? They are simply parasites turning crypto into full scale gambling sucking the money from retail investors who are shut from traditional investing. Yet, the industry, media, CT and some podcasters hail them as innovators, equating to Bill Gates and Steve jobs. Why...???
This article highlights some shadiness while portraying innocence on media.
https://www.cnbc.com/2022/08/09/sam-bankman-frieds-alameda-voyager-digital-spar-in-bankruptcy-court.html
Anyone disagree? I genuinely would like to understand the reason...!
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100 sats \ 1 reply \ @go 12 Aug 2022
I want so badly to agree with you, and I mostly do, but you have to give them credit for “innovating” The on-ramp market for mass audiences without hitting significant troubles. You really only need one innovator and then you need people who can make it feasible long-term.
Also, get your BTC off the exchanges
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0 sats \ 0 replies \ @starbuilder OP 12 Aug 2022
agree with on-ramp for mass audiences. But that innovation includes setting up companies in Malta, Bahamas? Involve in under collateralized loans over billions of dollars... I just don't see that on-ramp as an innovation rather see it as cutting corners and using tax loopholes.
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100 sats \ 1 reply \ @satbattle 12 Aug 2022
How are they turning crypto into gambling? They are responsible for building the most trusted platforms, and on boarded many millions of people to Bitcoin.
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0 sats \ 0 replies \ @starbuilder OP 12 Aug 2022
Good point on on boarding normal people into bitcoin. But are they better off now than before? Many doesn't understand the difference between public and private keys. they are just trading crypto Vs understanding bitcoin and hodling them.
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0 sats \ 0 replies \ @m4 12 Aug 2022
They all shilling shitcoins.
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