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$META earnings instant reaction, Apple's NFT rules, SBF backlash & more | E1597
This Week in Startups
FTX and the DeFi Fallout
Jay Parini: I think that the exchanges have got a different agenda to the spirit of DeFi. Their agenda is to control the flows of funds through them and the DeFi because they don't really want to regulate. He says if regulations look, you should be willing to submit to a full audit of everything you've done for the past five years as an exchange.parini: Would this be analogous to the sort of pirate days of the internet with Napster, BitTorrent, Nutella, all of that?Parini: It's much easier to pay and watch a free movie and you get great content out of it.
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