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Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.
Plain English with Derek Thompson
CZ Is the Godfather of Cryptocurrency
CZ in a way is kind of the godfather of crypto. When CZ takes a stake in FTX, he is paid in FTT. This is a token that essentially is invented by SBF and by FTX. It's a token that isn't necessarily worth anything. In many ways, anyone who holds a lot of tokens can be kind of a market maker and determine the value of it.
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