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Roland
6 posts
jfc another pathetic attempt
"The irony, as Sam now admits, is that the company’s real vulnerability came not from fraud but from compliance: an obsessive effort to satisfy regulators who seemed determined to punish rather than guide. “Our developers spent half their time jumping through hoops for regulators,” he told me. “Instead of focusing on building safeguards or risk management tools, we were producing reports no one read and presentations no one believed.” The consequence, he believes, was fatal distraction. By the time the market panic hit, FTX’s internal systems were burdened with bureaucracy, its leadership exhausted, and its founder overwhelmed by conflicting legal advice."
@amuse@amuse
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@angeloinchina 100% re thinking outside the box, crypto can be v. insular. Trying to see how creating an alternative financial system benefits the hegemony of the US. I welcome the platform BTC is getting by the two candidates, though I see a lot of it as campaign hot-air in a v. tight race.
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did they make it illegal ? just simple question. The US went to war with many countries for not adoption the dollar and they would allow internally to be challenged. simple question. Now 2 presidents backing BTC when this could undermine their control over the dollar. I like the anarchist idea behind it though. there is what we would like to believe and there is probably another reality that one might consider, at least intellectually so as to avoid to be stuck in a box, sect, cult.
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Let's assume (as I believe) Bitcoin was created by deep state and the intelligence community.
What was the reason of BTC creation ?
Choice 1 > divert investment that would have otherwise gone into Gold/silver as a hedge against inflation.
Choice 2 > cash destruction, wealth transfer, rip off.
Choice 3 > long term plan to replace dollar
Choice 4 > any other reason, please comment. What was the purpose ?
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