NFT Morning Show - Friday 3/10
The Daily Bone (Formerly The Nifty)
00:00
FTX
The irony of all this to me is that this is like kind of the web to version what happened to FTX, except it's totally legal. You can just borrow customer funds, use them to buy a treasure, use lose money on treasuries. And not only is it legal, but at least FTX when they collapse, they long to shit coin that went to zero. This is like a bank being taken down by a billions of dollars that you went bank being take down by like an interest rate going up by like 1% and the yield bearing product, they taken a loss of like 2%. Like, come on, man. When do you ever think, oh, like
Transcript
Play full episode
