The revelation of these kind of internal documents really revealed the fundamental flaws in the accounting or in the holdings of this company and allowed it so quickly to be taken apart. By threatening to sell these tokens, I believe there was a tweet by Carolyn Ellison around that time as well, saying like, yeah, sell them like it won't make any difference to us or something like that. It was a bluff, right? Right. And it's interesting. You see that practically every time something like this happens, you see executives coming out and being very confident about the state of the world. But it's really because the whole system is based on belief. That was what kept FTX and Alameda
Paris Marx is joined by Molly White to discuss the ongoing collapse of the crypto industry, what to make of the implosion of FTX and Alameda Research, and what happens next with Sam Bankman-Fried.
Molly White is the creator of Web3 Is Going Just Great and a fellow at the Harvard Library Innovation Lab. You can follow her on Twitter at @molly0xFFF.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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