Weekly Roundup 02/03/23 (Ordinals frenzy, Charlie Munger, Tether truthers are back) (EP.394)
On The Brink with Castle Island
ICOs
The whole doctrine of trying to insulate your token from the SEC or other regulators by putting it in an offshore foundation is insane. It might work, but it's like out of the frying pan into the fire because now you have these unaccountable foundations. The default is probably going to be like embezzlement and these things being treated as slush funds. And the exception is when things actually go well and you happen to find some ethical people that are good stewards of capital.
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