#1176 Balaji Srinivasan On Bitcoin & The Stealth Banking Crisis
The Pomp Podcast
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Is Your NFT Worth a Million Dollars?
Sally Kohn: The banks are suffering unrealized losses thanks to rapid change. She says they used accounting magic to hide their gigantic losses. And this is what set up the situation where some engineer at, you know, Dropbox or whatever, finds that their company's bank account, the money is gone and wanting their business checking account back is blamed on them. Kohn: People always will own the technique out. They'll always want to be like, oh, that specific typo or a slight imprecision means,. but the substance of it is that they did some accountingmagic to hide their huge losses. In San Francisco, if you don't pay for all the police and get none
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